Texas Capital Q2 net income $73.5M ($1.31 EPS) vs year-ago loss; appoints new director

TEXAS CAPITAL BANCSHARES INC/TX

2021-Q2 EPS reported $2.65

Net income $73.5M ($1.31 diluted EPS) vs net loss $34.3M ($0.73 loss) in Q2 2020; negative provision $19M.
Loans held for investment ex-mortgage finance fell 1% linked, 8% YoY due to PPP payoffs; total deposits down 14% linked.
Issued $375M 4.00% subordinated notes; used part to redeem 6.50% notes; sold mortgage servicing rights portfolio.
Paola Arbour (EVP/CIO of Tenet Healthcare) elected to board, serves on Risk Committee, granted 1,077 RSUs vesting in 1 year.
NPAs fell to $86.6M (0.36% of LHI) from $97.7M prior quarter; CET1 ratio 10.5%, TCE/TA 7.9%.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Paola Arbour

Director

TCBI · TEXAS CAPITAL BANCSHARES INC/TX

Effective: 2021-07-20
Filed: July 21, 2021, 7:59 PM ET

On July 20, 2021, the Board of Directors of the Company (the “Board”) elected Paola Arbour as a member of the Board.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Paola Arbour was elected as Director at TEXAS CAPITAL BANCSHARES INC/TX.

Action: elected
Role: Director

Exact text from the filing

On July 20, 2021, the Board of Directors of the Company (the “Board”) elected Paola Arbour as a member of the Board.

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TEXAS CAPITAL BANCSHARES INC/TX filing history →

Source: SEC EDGAR

accession 0001077428-21-000094

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