--- schema_version: "secwatch.filing_event.v1" accession: "0001077428-23-000071" form_type: "8-K" ticker: "TCBI" cik: "0001077428" company_name: "TEXAS CAPITAL BANCSHARES INC/TX" filed_at: "2023-04-20T23:59:59+00:00" generated_at: "2026-06-16T22:09:36.018832+00:00" event_type: "earnings" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Texas Capital Q1 net income $38.7M, EPS $0.70; net interest margin 3.33%; board changes ## Summary - Q1 net income available to common $34.3M ($0.70 diluted EPS) vs $35.3M ($0.69) in Q1 2022. - Net interest income $235.3M, up from $183.5M YoY; net interest margin 3.33%, up 110 bps. - Total deposits $22.2B, down 3% from Q4 2022; non-interest bearing deposits declined to $9.5B. - Provision for credit losses $28.0M vs negative $2.0M in Q1 2022; net charge-offs $19.9M vs net recoveries $0.5M. - Board changes: Larry Helm retired; Robert Stallings named Chairman; Laura Whitley elected to board. ## SEC filing metadata - accession: 0001077428-23-000071 - form_type: 8-K - ticker: TCBI - cik: 0001077428 - company_name: TEXAS CAPITAL BANCSHARES INC/TX - filed_at: 2023-04-20T23:59:59+00:00 - event_type: earnings - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 2.02, 5.02, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/tcbi-20230418.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001077428-23-000071 - JSON: https://secwatch.observer/filing/0001077428-23-000071.json - Plain text: https://secwatch.observer/filing/0001077428-23-000071.txt ## Key facts - Earnings Releases TEXAS CAPITAL BANCSHARES INC/TX reported first quarter 2023 results: net income $34.3 million, EPS $0.70 per diluted share. - Period: first quarter 2023 - Net income: $34.3 million - EPS: $0.70 per diluted share - Result: reported results source text: First quarter 2023 net income of $38.7 million and net income available to common stockholders of $34.3 million, or $0.70 per diluted share evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm - Executive change Laura L. Whitley was elected as Director at TEXAS CAPITAL BANCSHARES INC/TX. - Action: elected - Role: Director source text: elected Laura L. Whitley as a new member of the Board evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm - Executive change Larry L. Helm retired as Director at TEXAS CAPITAL BANCSHARES INC/TX. - Action: retired - Role: Director source text: Larry L. Helm retired from the Company’s board of directors effective April 18, 2023 pursuant to the Company’s director retirement guidelines. evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm - Executive change Robert W. Stallings was appointed as Chairman of the Board at TEXAS CAPITAL BANCSHARES INC/TX. - Action: appointed - Role: Chairman of the Board source text: the Board of Directors appointed Robert W. Stallings as Chairman of the Board evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm - Shareholder Votes TEXAS CAPITAL BANCSHARES INC/TX shareholders approved Advisory approval of 2022 compensation of named executive officers at the 2023-04-18 meeting. - Proposal: say on pay - Outcome: passed - Meeting: 2023-04-18 source text: Proposal 3 - A Company proposal to approve, on an advisory basis, the 2022 compensation of the Company's named executive officers as disclosed in the Proxy Statement: Number of Shares Voted For Voted Against Abstentions Broker Non-Votes 29,393,884 14,367,778 33,333 2,365,191 The 2022 compensation of the Company’s named executive officers was approved on an advisory basis. evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm - Shareholder Votes TEXAS CAPITAL BANCSHARES INC/TX shareholders approved Advisory approval of frequency of say-on-pay vote at the 2023-04-18 meeting. - Proposal: say on pay frequency - Outcome: passed - Meeting: 2023-04-18 source text: Proposal 4 - A Company proposal to approve, on an advisory basis, the frequency of the Company’s say on pay vote: Number of Shares 1 Year 2 Year 3 Year Abstentions Broker Non-Votes 40,395,401 6,579 3,366,890 26,125 2,365,191 The frequency of the Company’s say on pay vote was approved at 1 Year. evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm - Shareholder Votes TEXAS CAPITAL BANCSHARES INC/TX shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for year ending December 31, 2023 at the 2023-04-18 meeting. - Proposal: auditor ratification - Outcome: passed - Meeting: 2023-04-18 source text: Proposal 2 - A Company proposal to ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023: Number of Shares Voted For Voted Against Abstentions Broker Non-Votes 45,541,138 602,384 16,664 — The appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 was ratified. evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm - Shareholder Votes TEXAS CAPITAL BANCSHARES INC/TX shareholders approved Election of eleven directors at the 2023-04-18 meeting. - Proposal: director election - Outcome: passed - Meeting: 2023-04-18 source text: Proposal 1 - A Company proposal to elect eleven directors each to serve until the next annual meeting of stockholders or until their successors are elected and qualified: Number of Shares Nominee Voted For Votes Withheld Broker Non-Votes Paola M. Arbour 42,839,351 955,644 2,365,191 Jonathan E. Baliff 43,447,962 347,033 2,365,191 James H. Browning 42,188,410 1,606,585 2,365,191 Rob C. Holmes 43,068,230 726,765 2,365,191 David S. Huntley 42,355,453 1,433,201 2,371,532 Charles S. Hyle 43,453,447 341,548 2,365,191 Thomas E. Long 36,975,450 6,813,204 2,371,532 Elysia Holt Ragusa 37,040,341 6,748,313 2,371,532 Steven P. Rosenberg 41,749,511 2,039,143 2,371,532 Robert W. Stallings 41,229,320 2,565,675 2,365,191 Dale W. Tremblay 38,012,040 5,782,955 2,365,191 Each of the eleven director nominees was elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified. evidence_url: https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.