secwatch.observer — SEC 8-K summary
======================================

Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2022-10-19T23:59:59+00:00
Accession:  0001077428-22-000133
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Capital Q3 EPS $0.74 beats Q2 $0.59; appoints John Cummings as CAO
------------------------------------------------------------------------

- Q3 net income available to common $37.1M ($0.74 diluted EPS) vs $29.8M ($0.59) last quarter and $39.1M ($0.76) a year ago.
- Net interest income rose to $239.1M from $205.5M Q2; net interest margin expanded 37 bps to 3.05%.
- Recorded $12M provision for credit losses, down from $22M in Q2; non-accrual LHI ratio improved to 0.18% from 0.21%.
- John Cummings appointed Chief Administrative Officer effective Oct 18, 2022; base salary $500K, eligible for annual incentive and change-in-control severance.
- Regulatory ratios all well-capitalized; CET1 ratio 11.1% vs 10.5% last quarter and 10.7% a year ago.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742822000133/0001077428-22-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742822000133/tcbi-20221018.htm
  HTML page:      https://secwatch.observer/filing/0001077428-22-000133

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer