Texas Capital Q4 net income $217.3M, EPS $4.23; announces $150M buyback

TEXAS CAPITAL BANCSHARES INC/TX

2022-FY EPS reported $6.18

Q4 net income available to common $212.9M ($4.23 diluted EPS) vs $37.1M ($0.74) in Q3 2022.
Results include $248.5M pre-tax gain on sale of BankDirect Capital Finance subsidiary.
Net interest margin expanded to 3.26% (+21 bps QoQ); CET1 ratio 13.0% (record).
Repurchased 1.14M shares for $65.3M in Q4; board authorized new $150M buyback program.
Credit: net charge-offs $15M (vs $2.7M Q3), criticized loans $513.2M, allowance/LHI 1.43%.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TEXAS CAPITAL BANCSHARES INC/TX reported the fourth quarter of 2022 results: net income net income available to common stockholders of $212.9 million, EPS $4.23 per diluted share.

Period: the fourth quarter of 2022
Net income: net income available to common stockholders of $212.9 million
EPS: $4.23 per diluted share
Result: reported results

Exact text from the filing

Net income available to common stockholders was $212.9 million, or $4.23 per diluted share, for the fourth quarter of 2022

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TEXAS CAPITAL BANCSHARES INC/TX reported the full year of 2022 results: net income $315,228, EPS $6.18.

Period: the full year of 2022
Net income: $315,228
EPS: $6.18
Result: reported results

Exact text from the filing

Net income available to common stockholders $ 212,939 $ 37,105 $ 60,817 $ 315,228 $ 235,218

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

TEXAS CAPITAL BANCSHARES INC/TX filing history →

Source: SEC EDGAR

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