secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2022-04-20T23:59:59+00:00
Accession:  0001077428-22-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Capital Q1 EPS $0.69 vs $1.19 Q4; announces $150M share buyback
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- Net income $39.7M, diluted EPS $0.69, down from $65.1M ($1.19) in Q4 2021 and $71.9M ($1.33) in Q1 2021.
- Net interest income $183.5M, down from $194.0M QoQ; net interest margin 2.23%, up 11 bps.
- Mortgage finance loans held for investment fell to $5.83B from $7.48B in Q4 due to rising rates.
- Criticized loans improved to $476.1M from $582.9M; net recoveries of $512K in Q1.
- Board authorized $150M share repurchase program with no time limit; CET1 ratio 11.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742822000045/0001077428-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742822000045/tcbi-20220419.htm
  HTML page:      https://secwatch.observer/filing/0001077428-22-000045

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