secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2022-07-21T23:59:59+00:00
Accession:  0001077428-22-000100
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 Q2 EPS $0.59 vs $1.31 YoY; net income down 54%; loans up 11% QoQ
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- Net income available to common $29.8M ($0.59 diluted EPS) vs $67.2M ($1.31) in Q2 2021 and $35.3M ($0.69) in Q1 2022.
- Total loans held for investment rose $2.4B (11%) linked quarter to $24.1B; net interest margin expanded 45bps to 2.68%.
- Pre-Provision Net Revenue grew $16.7M (33%) QoQ; non-interest income up 29% driven by investment banking and trading.
- Recorded $22M provision for credit losses (vs negative $2M in Q1) primarily from loan growth; net charge-offs $2.6M.
- Repurchased 941,879 shares for $50M at average $53.11; CET1 ratio 10.5%; all regulatory ratios 'well capitalized'.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742822000100/0001077428-22-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742822000100/tcbi-20220721.htm
  HTML page:      https://secwatch.observer/filing/0001077428-22-000100

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