TCBI Q4 net income $20.2M / $0.33 EPS; FDIC charge $19.9M; new $150M buyback

TEXAS CAPITAL BANCSHARES INC/TX

2023-FY EPS reported $3.54

Q4 2023 net income available to common stockholders $15.8M ($0.33 diluted EPS), vs $57.4M ($1.18) in Q3 and $212.9M ($4.23) year ago.
FDIC special assessment expense of $19.9M ($0.32 per share) hurt Q4 results; provision for credit losses $19.0M, net charge-offs $13.8M.
Net interest income $214.7M vs $232.1M in Q3; net interest margin 2.93%, down 20 bps QoQ.
Book value and tangible book value per share both rose 6.1% to record levels; CET1 ratio 12.6%.
Board authorized new $150M share repurchase program through Jan 2025; Q4 repurchased 809,623 shares for $44.8M at $54.90/share.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TEXAS CAPITAL BANCSHARES INC/TX reported the fourth quarter and full year of 2023 results: net income $15.8 million, EPS $0.33 per diluted share.

Period: the fourth quarter and full year of 2023
Net income: $15.8 million
EPS: $0.33 per diluted share
Result: reported results

Exact text from the filing

Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the fourth quarter and full year of 2023. Net income available to common stockholders was $15.8 million, or $0.33 per diluted share, for the fourth quarter of 2023

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

TEXAS CAPITAL BANCSHARES INC/TX filing history →

Source: SEC EDGAR

accession 0001077428-24-000002

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