secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001077428-24-000089
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Capital Bancshares Q1 net income $26.1M ($0.46 EPS); CRO Storms to retire June 15
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- Net income available to common stockholders $21.8M ($0.46 diluted EPS), vs $15.8M ($0.33) Q4 2023 and $34.3M ($0.70) Q1 2023.
- Loans held for investment grew 2.4% QoQ to $20.8B; total deposits up 7.1% to $23.95B.
- Net interest margin 3.03%, up 10 bps QoQ; provision for credit losses $19.0M; net charge-offs $10.8M.
- CET1 ratio 12.4%, Total Capital 16.6%; repurchased 529k shares for $31.5M at $59.27 avg.
- Chief Risk Officer Tim J. Storms to retire around June 15, 2024; search for replacement underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/0001077428-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742824000089/tcbi-20240413.htm
  HTML page:      https://secwatch.observer/filing/0001077428-24-000089

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