Texas Capital Bancshares Inc./TX Files DEF 14A Proxy Statement

Ticker: TCBIO · Form: DEF 14A · Filed: Mar 7, 2024 · CIK: 1077428

Texas Capital Bancshares Inc/Tx DEF 14A Filing Summary
FieldDetail
CompanyTexas Capital Bancshares Inc/Tx (TCBIO)
Form TypeDEF 14A
Filed DateMar 7, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$341 m, $13 million, $4.1 million, $171.9 Million, $3.54
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Texas Capital Bancshares, Executive Compensation, Corporate Governance

TL;DR

<b>Texas Capital Bancshares Inc./TX filed a Definitive Proxy Statement (DEF 14A) on March 7, 2024, for the fiscal year ending December 31, 2023.</b>

AI Summary

TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) filed a Proxy Statement (DEF 14A) with the SEC on March 7, 2024. Filing Type: DEF 14A (Definitive Proxy Statement). Reporting Period: Fiscal year ended December 31, 2023. Filing Date: March 7, 2024. Company: TEXAS CAPITAL BANCSHARES INC/TX. SIC Code: 6022 (State Commercial Banks).

Why It Matters

For investors and stakeholders tracking TEXAS CAPITAL BANCSHARES INC/TX, this filing contains several important signals. This filing is a standard proxy statement, indicating the company is seeking shareholder approval for various matters, likely including director elections and executive compensation. The DEF 14A filing provides detailed information about executive compensation, equity awards, and pension benefits, crucial for understanding management incentives and corporate governance.

Risk Assessment

Risk Level: low — TEXAS CAPITAL BANCSHARES INC/TX shows low risk based on this filing. The filing is a routine DEF 14A, which typically contains standard disclosures and does not present immediate financial or operational risks.

Analyst Insight

Review the executive compensation details and any proposed shareholder resolutions to assess management alignment and potential governance changes.

Key Numbers

  • 2024-03-07 — Filing Date (DEF 14A)
  • 2023-12-31 — Fiscal Year End (DEF 14A)
  • 6022 — Standard Industrial Classification (Commercial Banks)

Key Players & Entities

  • TEXAS CAPITAL BANCSHARES INC/TX (company) — Filer
  • 2024-03-07 (date) — Filing Date
  • 2023-12-31 (date) — Fiscal Year End
  • 0001077428-24-000083 (filing_id) — Accession Number
  • 6022 (industry_code) — Standard Industrial Classification
  • 2000 MCKINNEY AVE SUITE 700 DALLAS TX 75201 (address) — Business Address
  • 2149326600 (phone) — Business Phone

FAQ

When did TEXAS CAPITAL BANCSHARES INC/TX file this DEF 14A?

TEXAS CAPITAL BANCSHARES INC/TX filed this Proxy Statement (DEF 14A) with the SEC on March 7, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by TEXAS CAPITAL BANCSHARES INC/TX (TCBIO).

Where can I read the original DEF 14A filing from TEXAS CAPITAL BANCSHARES INC/TX?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by TEXAS CAPITAL BANCSHARES INC/TX.

What are the key takeaways from TEXAS CAPITAL BANCSHARES INC/TX's DEF 14A?

TEXAS CAPITAL BANCSHARES INC/TX filed this DEF 14A on March 7, 2024. Key takeaways: Filing Type: DEF 14A (Definitive Proxy Statement). Reporting Period: Fiscal year ended December 31, 2023. Filing Date: March 7, 2024.

Is TEXAS CAPITAL BANCSHARES INC/TX a risky investment based on this filing?

Based on this DEF 14A, TEXAS CAPITAL BANCSHARES INC/TX presents a relatively low-risk profile. The filing is a routine DEF 14A, which typically contains standard disclosures and does not present immediate financial or operational risks.

What should investors do after reading TEXAS CAPITAL BANCSHARES INC/TX's DEF 14A?

Review the executive compensation details and any proposed shareholder resolutions to assess management alignment and potential governance changes. The overall sentiment from this filing is neutral.

How does TEXAS CAPITAL BANCSHARES INC/TX compare to its industry peers?

Texas Capital Bancshares Inc./TX operates within the commercial banking sector, as indicated by its SIC code 6022.

Are there regulatory concerns for TEXAS CAPITAL BANCSHARES INC/TX?

The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

Texas Capital Bancshares Inc./TX operates within the commercial banking sector, as indicated by its SIC code 6022.

Regulatory Implications

The filing is made pursuant to Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Analyze executive compensation packages and any changes proposed.
  2. Review shareholder proposals and voting recommendations.
  3. Examine director nominations and qualifications.

Key Dates

  • 2024-03-07: Filing Date — Submission of DEF 14A
  • 2024-04-16: Conformed Period of Report — Proxy statement period
  • 2023-12-31: Fiscal Year End — Company's fiscal year

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement. Specific comparative data from a previous filing is not detailed in this header information.

Filing Stats: 4,574 words · 18 min read · ~15 pages · Grade level 14.7 · Accepted 2024-03-07 08:30:38

Key Financial Figures

  • $341 m — sm (over 12,000 hours), impact lending ($341 million, which includes community develop
  • $13 million — ll business and SBA), impact investing ($13 million) and philanthropy ($4.1 million) Partn
  • $4.1 million — vesting ($13 million) and philanthropy ($4.1 million) Partnered with the Texas Capital Bank
  • $171.9 Million — y Performance Snapshot (See page 59 ) $171.9 Million Net Income 1 $3.54 Diluted EPS 2 $61.
  • $3.54 — age 59 ) $171.9 Million Net Income 1 $3.54 Diluted EPS 2 $61.37 Book Value Per Sh
  • $61.37 B — lion Net Income 1 $3.54 Diluted EPS 2 $61.37 Book Value Per Share 3 $3.2 Billion Sto
  • $3.2 Billion — EPS 2 $61.37 Book Value Per Share 3 $3.2 Billion Stockholders' Equity $22.4 Billion Tot
  • $22.4 Billion — 3 $3.2 Billion Stockholders' Equity $22.4 Billion Total Deposits $28.4 Billion Total Ass
  • $28.4 Billion — ' Equity $22.4 Billion Total Deposits $28.4 Billion Total Assets Substantial investments
  • $161.4 m — ng fee revenue (non-interest income) of $161.4 million, predominantly related to Investm
  • $61.37 — 2023) to a record level for the firm of $61.37 and $61.34, respectively Maintenance o
  • $61 — record level for the firm of $61.37 and $61.34, respectively Maintenance of strong

Filing Documents

EXECUTIVE COMPENSATION* 52

EXECUTIVE COMPENSATION* 52 PROPOSAL THREE – ADVISORY APPROVAL OF THE COMPANY'S EXECUTIVE COMPENSATION 53 Compensation Discussion and Analysis 53 Executive Officers 55 Compensation Committee Report 81 Compensation Tables 82 COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION 89 CEO PAY RATIO 90 PAY VERSUS PERFORMANCE 91 EQUITY COMPENSATION PLAN INFORMATION 96 INDEBTEDNESS OF MANAGEMENT AND RELATED PARTY TRANSACTIONS 97 ADDITIONAL INFORMATION 98 Stockholder Proposals for 2025 98 Stockholder Nominees and Other Business 98 Advance Notice Procedures 98 Annual Report 98 ANNEX A – Non-GAAP Financial Measures A- 1 * A detailed Table of Contents appears on page 52 . Cautionary Note Regarding Forward-Looking Statements; Available Information This Proxy Statement contains "forward-looking statements" within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, the Company's financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as "believes," "projects," "expects," "may," "estimates," "should," "plans," "targets," "intends," "could," "would," "will be," "will continue, "will likely result," "anticipates," "potential," "confident," "optimistic" or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans. Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, and are based on management's expectations and assumptions at the time the statements are made and are not guarantees of future results. The Company describes risks and uncertainties that could cause actual

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