---
schema_version: "secwatch.filing_event.v1"
accession: "0001077428-22-000144"
form_type: "8-K"
ticker: "TCBI"
cik: "0001077428"
company_name: "TEXAS CAPITAL BANCSHARES INC/TX"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T16:59:10.005104+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Texas Capital completes sale of insurance premium finance business for ~$3.4B cash

## Summary
- Sale of BankDirect to AFCO Credit (Truist subsidiary) closed Nov 1, 2022.
- Pre-tax book gain of ~$250M; $15M transaction expenses in Q4 2022.
- Proceeds ~$3.4B cash; CET1 ratio estimated to increase ~200 bps.
- Tangible book value per share accretion of ~7%.
- Focus shifts to core Texas-based commercial client strategy.

## SEC filing metadata
- accession: 0001077428-22-000144
- form_type: 8-K
- ticker: TCBI
- cik: 0001077428
- company_name: TEXAS CAPITAL BANCSHARES INC/TX
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1077428/000107742822000144/0001077428-22-000144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1077428/000107742822000144/tcbi-20221101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001077428-22-000144
- JSON: https://secwatch.observer/filing/0001077428-22-000144.json
- Plain text: https://secwatch.observer/filing/0001077428-22-000144.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.