Company Description


Webcast
Third Quarter 2017 Earnings Conference Call
Wednesday October 18, 2017
5:00 PM ET
Presentation
Third Quarter Earnings Press Release
Upcoming Events


Texas Capital Bancshares, Inc. (NASDAQ®: TCBI) is the parent company of Texas Capital Bank, National Association, and a member of the Russell 2000® Index and the S&P MidCap 400®. The bank is headquartered in Dallas with full-service locations in the five largest metropolitan areas of Texas: Austin, Dallas, Fort Worth, Houston and San Antonio.

We are an independent bank focused primarily on serving the needs of middle market commercial businesses, successful professionals and entrepreneurs in Texas. In addition, we operate four national lines of business to provide specialized products and services for customers in Builder Finance, Lender Finance, Mortgage Finance and Premium Finance.

Our business model is focused on organic growth, credit quality and recruiting and retaining experience bankers with strong personal and professional relationships in the community. We have benefitted from the success of our model since inception, producing strong loan growth and favorable loss experience amidst a challenging environment for the bank industry nationally.
Corporate Data

Texas Capital Bancshares, Inc.,
2000 McKinney Avenue
Suite 700
Dallas, TX 75201
(214) 932-6600

Investor Relations Contact
Heather Worley
(214) 932-6646
heather.worley@
texascapitalbank.com

Transfer Agent
Computershare Investor Services LLC
Two North Lasalle Street
Third Floor
Chicago, IL 60602
(800) 568-3476
(312) 588-4990

Officers and Directors
Executive Officers
   C. Keith Cargill
President and CEO, Texas Capital Bancshares, Inc.
President and CEO, Texas Capital Bank
   Peter B. Bartholow
Chief Operating Officer, Texas Capital Bancshares, Inc. & Texas Capital Bank
   John D. Hudgens
CRO, Texas Capital Bancshares, Inc.
CRO, Texas Capital Bank
   Julie L. Anderson
Chief Financial Officer, Texas Capital Bancshares, Inc. & Texas Capital Bank
   Vince A. Ackerson
Texas President & CLO, Texas Capital Bank
 
Board of Directors
C. Keith Cargill
President & CEO
Peter B. Bartholow
Chief Operating Officer, Texas Capital Bancshares, Inc. & Texas Capital Bank
Larry L. Helm
Chairman
Jonathan E. Baliff
Director
James H. Browning
Director
Preston M. "Pete" Geren III
Director
Charles S. Hyle
Director
Elysia Holt Ragusa
Director
Steven P. Rosenberg
Director
Robert William Stallings
Director
Dale W. Tremblay
Director
Ian J. Turpin
Director
Patricia A. Watson
Director
 
 
Market Data

Current QuoteData as of October 23, 2017
Last Sale $ 86.90
Last Close $ 88.00
Today's High $ 87.95
Today's Low $ 86.80
Net Change $ (1.10)  Down  1.25%
Today's Volume280,754
Minimum 20 minute delay
Current Chart

Insider Ownership
Insider Transaction Activity (Last 6 Months)
Aggregates Shares Price ($) Value ($)
Open Market Buys3,02574.21224,489
Open Market Sells (4,000) 74.52 (298,080)
Options Ex. & Sold1,41334.76 (54)
Net Shares4,81363.72 (73,645)

High Volume Traders (Last 6 Months)
Name # Buys # Sells # Options Ex. & Sold Total # Trans. Net Shares
Peter B. Bartholow0101 (4,000)
Julie L. Anderson10013,205
C. Keith Cargill10013,000
Larry L. Helm00331,413
Baliff, Jonathan E.30031,195
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.
Institutional Ownership
Ownership Information
Shares Outstanding49,626,545
Short Interest Shares4,021,999
Float (%)98.35
Institutional Ownership (%)102.47
Mutual Fund Ownership (%)57.26
Insider Ownership (%)1.65
Top 10 Instn Holders (%)50.73
Ownership Activity
DescriptionHoldersShares
Total Positions30450,854,354
New Positions31848,078
Increased Positions1223,831,228
Decreased Positions112(3,967,880)
Soldout Positions51(992,838)
Net Change (281,412)
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.
Stock Price History
High ($)Low ($)
One Day87.95  86.80  
One Month88.95  80.98  
Three Months88.95  69.65  
Year-to-Date93.35  69.65  
One Year93.35  56.25  
Three Year93.35  29.78  
Three Year Date3/1/2017 2/24/2016 
Peer Analysis

Data for trailing four quarters

Performance Ratios (%)TCBI Peer
Median
Peer
Average
ROAA0.91 1.11 1.08 
ROAE9.90 10.40 10.22 
Net Interest Margin3.36 3.26 3.26 
Efficiency Ratio54.61 57.42 56.97 
Loans / Deposits107.28 81.05 81.96 
Asset Quality Ratios (%)   
NPAs / Assets0.56 0.85 0.80 
NCOs / Avg Loans0.27 0.26 0.22 
Reserves / Loans0.85 1.20 1.20 
Reserves / NPAs134.18 90.66 107.69 
Capital Ratios (%)   
Tier 1 Capital9.44 11.64 11.48 
Tangible Equity / Tangible Assets8.77 9.00 9.21 
Total Equity / Total Assets8.85 10.68 10.71 
Market Ratios   
Price / Earnings (x)22.57 18.92 18.80 
Price / Book (%)214.71 186.79 187.05 
Dividend Yield (%)0.00 1.75 1.84 
Texas Capital Bancshares, Inc.'s peer group consists of the following: BOK Financial Corporation (BOKF) , Comerica Incorporated (CMA) , Cullen/Frost Bankers, Inc. (CFR) , LegacyTexas Financial Group, Inc. (LTXB)

Texas Capital Bancshares, Inc.'s financial data is as of 9/30/2017.

Peer financial data is as of 6/30/2017  except for these companies:

Comerica Incorporated's financial data is as of 9/30/2017.
Mergers and Acquisitions
Acquisitions
Bank & Thrift Branch Deals

Target
Seller
Industry
Type
Announce
Date
Status Number of
Branches
All
Branch
States
Total Deposits
Transferred
($000)
DepositsStone Holdings, Inc.Thrift7/25/2003Completed on 8/8/2003-1TX100,000
 
Specialty Finance Company Deals

Target
Seller
Announce
Date
Status Deal Value
($M)
Target Total
Assets ($000)
Standard Funding Corp.New York Community Bancorp, Inc.6/15/2011Completed on 6/15/201111.48NA
Budget Installment CorporationWebster Financial Corporation11/02/2009Completed on 11/2/2009NANA
 
Sales and Divestitures
Insurance Broker Deals

Target
Buyer
Announce
Date
Status Deal Value
($M)
LTM
Revenue
($000)
TexCap Insurance Services, LPUndisclosed buyer3/30/2007Completed on 3/30/2007NANA
 
Specialty Finance Company Deals

Target
Buyer
Announce
Date
Status Deal Value
($M)
Target Total
Assets ($000)
Residential mortgage lending divisionTransnational Financial Network, Inc.8/07/2006Terminated3.00NA
 
 U.S. Branches: Current Ownership (11)




Recent Documents

Filing DescriptionFiling TypeFiling DateEvent Date
10-Q10-Q10/19/20179/30/2017
13-F13F-HR10/19/20179/30/2017
8-K8-K10/18/201710/18/2017
8-K8-K9/19/20179/18/2017
8-K8-K9/5/20179/5/2017
Upcoming Events
No data available.
FAQ
Q: Where is Texas Capital Bancshares, Inc.'s common stock listed?
A: Our common stock is listed on NASDAQ under the symbol TCBI.
For more detailed stock information, please visit our Stock Quote page.

Q: Does Texas Capital Bancshares, Inc. pay a Dividend?
A: At the present, the bank does not pay a dividend on its common stock. To see a list of our historical dividends, please visit our Dividends page.

Q: How do I determine the price of the stock on any given day?
A: Click here for historical price info.

Q: How do I update my mailing address?
A: Please contact Computershare at www.computershare.com/contactus with your old and new addresses.

Q: How do I remove the restricted legends from my preferred shares?
A:

At the time of the IPO, each $17.50 share of your 6% Series A Preferred Stock converted into 2 shares of common stock. Please note that these shares will continue to be restricted until 2 years after the date of purchase (December, 2003 or January, 2004); however, they may be sold prior to that time pursuant to Rule 144.

To receive your common certificate, please send your preferred certificate to Computershare at the address below. You should enclose a letter asking them to convert the shares to common stock and we suggest insuring the package for 3% of the market value (for current share value, please visit www.nasdaq.com). If the certificates are lost in the mail, Computershare must collect a 3% surety bond and the mail insurance would cover that cost for you. You may send them via an overnight service, but please note that the highest insurance value allowed for a Federal Express envelope is $500 and normal liability is limited to $100.

Once received, the new certificates will be sent back via first class or registered mail depending on the amount. If you would prefer to receive them sooner, please enclose an envelope and completed form for any of the major overnight services. SunTrust’s insurance policy will cover these packages.

By Mail:
Computershare Investor Services
P.O. Box 43078
Providence, RI 02940-3078
Attn: Restricted stock

By Courier or Overnight Delivery:
Computershare Investor Services
250 Royall Street
Canton, MA 02021
Attn: Restricted stock

If you have questions, please contact Computershare at 800-568-3476 or 312-588-4990.



Q: How do I remove the restricted legends from my common shares?
A:

We have made arrangements with our transfer agent, Computershare Investor Services, LLC, to remove the restrictive legend from those certificates that no longer require the legend at your request. Please be aware that common stock certificates issued upon conversion of our 6% Series A Preferred Stock must continue to bear the restrictive legend until two years after the date you purchased the shares of Series A Preferred Stock. In addition, any common stock certificates held by our affiliates (previously identified company executives and Board members) are also required to bear a restrictive legend.

If you desire that the restrictive legend on your common stock certificates be removed, send your certificates, along with a letter asking for the restricted legends to be removed, via registered mail and we suggest insuring them for 3% of the market value (for current share value, please visit www.nasdaq.com). If the certificates are lost in the mail, Computershare must collect a 3% surety bond and the mail insurance would cover that cost for you. You may send them via an overnight service, but please note that the highest insurance value allowed for a Federal Express envelope is $500 and normal liability is limited to $100.

Once received, the new certificates will be sent back via first class or registered mail depending on the amount. If you would prefer to receive them sooner, please enclose an envelope and completed form for any of the major overnight services. Computershare’s insurance policy will cover these packages.

By Mail:
Computershare Investor Services
P.O. Box 43078
Providence, RI 02940-3078
Attn: Restricted stock

By Courier or Overnight Delivery:
Computershare Investor Services
250 Royall Street
Canton, MA 02021
Attn: Restricted stock

If you have questions, please contact Computershare at 800-568-3476 or 312-588


Q: How can I have the restricted legend removed from my shares of stock?
A:

Your common stock certificates may display a restrictive legend on the back of the certificate. If you wish to trade your shares on the open market, you will be required by your broker to have the restricted legend removed. To have the legend removed, please contact Computershare Investor Services:

By Mail:
Computershare Investor Services
P.O. Box 43078
Providence, RI 02940-3078
United States of America

By Overnight Delivery:
Computershare Investor Services
250 Royall Street
Canton, MA 02021
United States of America

By phone:
Shareholder Services
(800) 568-3476
(312) 588-4990

By internet:
www.computershare.com

Q: How do I replace a lost, stolen or destroyed stock certificate?
A: Please contact Computershare Shareholder Services at the number below regarding a lost, stolen or destroyed certificate. Computershare will send you a detailed letter explaining the replacement process. Fees required by the transfer agent to replace a certificate include a processing fee of $50 and a surety bond fee of 3% of the stock’s current market value.

Q: How can I receive Email alerts from Texas Capital Bancshares, Inc.?
A: To sign up for Email alerts on our Events, Documents, Press Releases and closing stock price information, please visit our Email Notification page.

Q: How can I request additional information from Texas Capital Bancshares, Inc.?
A: You can contact us via our Information Request page.