secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2023-01-18T23:59:59+00:00
Accession:  0001077428-23-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742823000002/0001077428-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742823000002/tcbi-20230118.htm
  HTML page:      https://secwatch.observer/filing/0001077428-23-000002

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