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

Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001077428-23-000071
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Capital Q1 net income $38.7M, EPS $0.70; net interest margin 3.33%; board changes
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/0001077428-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742823000071/tcbi-20230418.htm
  HTML page:      https://secwatch.observer/filing/0001077428-23-000071

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