Trade Texas Capital Bancshares Inc - TCBI CFD

About Texas Capital Bancshares Inc

Texas Capital Bancshares, Inc. is the holding company of Texas Capital Bank (the Bank). The Company is a full-service financial services firm that delivers customized solutions to commercial businesses, professionals, entrepreneurs and individuals located in Texas. The Company’s business activities are conducted through the Bank. The Bank’s offices are located in Austin, Fort Worth, Houston and San Antonio. The Bank has established commercial banking, consumer banking, investment banking and wealth management services. The Bank primarily is a secured lender with majority of its loans held for investment, excluding mortgage finance loans and other national lines of business, being made to businesses with operations in Texas. Its national lines of business provide specialized lending products to businesses throughout the United States. Its business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts and other treasury management services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Texas Capital Bancshares Inc interest income decreased 16% to $876.6M. Net interest income after loan loss provision decreased 10% to $768.8M. Net income applicable to common stockholders increased from $56.5M to $235.2M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 12% to 2.07%, Net Interest Spread, Total -% decrease of 11% to 1.81%.

Equity composition

Common Stock $.01 Par, 06/12, 100M auth., 38,114,429 issd., less 417 shs. in Treas. @ $8K. Insiders control approx. 3.52%. IPO: 8/12/03, 6M shs. @ $11 per share by Lehman Brothers (3M by the Company). FY'03 Qs are reclassified. Preferred Stock $.01 Par, 3/09, 10M auth., 75,000 issd.