Texas Capital Bancshares Q4 2023 Earnings Report
Key Takeaways
Texas Capital Bancshares, Inc. announced Q4 2023 results with net income available to common stockholders at $15.8 million, or $0.33 per diluted share. The results reflect strategic execution amidst industry pressures and include a $19.9 million FDIC special assessment expense.
Net income available to common stockholders was $15.8 million, or $0.33 per diluted share.
Book Value and Tangible Book Value per share both increased 6.1%, reaching record levels.
Capital ratios remain strong, with a CET1 ratio of 12.6% and a Total Capital ratio of 17.1%.
The fourth quarter included Federal Deposit Insurance Corporation (“FDIC”) special assessment expense of $19.9 million ($0.32 per diluted share).
Texas Capital Bancshares
Texas Capital Bancshares
Forward Guidance
This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance.