secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2024-01-18T23:59:59+00:00
Accession:  0001077428-24-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742824000002/0001077428-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742824000002/tcbi-20240118.htm
  HTML page:      https://secwatch.observer/filing/0001077428-24-000002

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