secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0001077428-23-000170
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Capital Q3 EPS $1.18 misses Q2; provision jumps to $18M on criticized loan growth
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- Diluted EPS of $1.18, down from $1.33 in Q2 but up from $0.74 a year ago.
- Provision for credit losses $18.0M, up from $7.0M in Q2 due to criticized loan growth.
- Criticized loans totaled $677.4M, up 9.4% from $619.4M at June 30; net charge-offs $8.9M.
- Net interest margin narrowed 16bp to 3.13%; total deposit cost rose 25bp to 2.62%.
- CET1 ratio improved to 12.7% from 12.2%; top-tier capital ratios remain above well-capitalized thresholds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742823000170/0001077428-23-000170-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742823000170/tcbi-20231019.htm
  HTML page:      https://secwatch.observer/filing/0001077428-23-000170

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