secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2021-10-20T23:59:59+00:00
Accession:  0001077428-21-000115
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Capital Q3 EPS $0.76, down 41% linked quarter; $12M software write-off
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- Net income $43.4M ($0.76 diluted EPS) vs $73.5M ($1.31) in Q2 2021, down 41% linked quarter.
- Recorded $12.0M write-off of software assets to reposition technology investment for long-term strategy.
- Provision for credit losses of $5.0M vs negative provision $19.0M in Q2; criticized loans improved to $728.9M from $891.6M.
- Net interest margin 2.15%, up 5 bps; total deposits up 3% linked quarter; demand deposits up 5%.
- Non-interest income fell 30% linked quarter due to sale of MSR portfolio and transition of mortgage program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742821000115/0001077428-21-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742821000115/tcbi-20211020.htm
  HTML page:      https://secwatch.observer/filing/0001077428-21-000115

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