secwatch.observer — SEC 8-K summary
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Issuer:     TEXAS CAPITAL BANCSHARES INC/TX (TCBI)
CIK:        0001077428
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001077428-24-000144
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Texas Capital Bancshares Q2 net income $41.7M, EPS $0.80 vs $1.33 YoY
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- Q2 2024 net income $41.7M, EPS $0.80 vs Q2 2023 net income $68.7M, EPS $1.33.
- Book value per share rose 1.9% to a record; $50M of stock repurchased at $58.14 avg.
- Net interest margin 3.01%, down 28 bps YoY; total cost of deposits 2.99%.
- Provision for credit losses $20M, net charge-offs $12M; allowance ratio 1.44%.
- CET1 ratio 11.6%, down from 12.4% in Q1 due to $275M bank-issued credit-linked note redemption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077428/000107742824000144/0001077428-24-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077428/000107742824000144/tcbi-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001077428-24-000144

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