secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2021-07-21T23:59:59+00:00
Accession:  0001077428-21-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742821000094/0001077428-21-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742821000094/tcbi-20210720.htm
  HTML page:      https://secwatch.observer/filing/0001077428-21-000094

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