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home / news releases / TCBIO - Texas Capital Bancshares: Downgrading The Preferred To Hold On Lower Yields

TCBIO - Texas Capital Bancshares: Downgrading The Preferred To Hold On Lower Yields

Texas Capital Bancshares Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B

2024-07-01 22:06:53 ET

Summary

  • Texas Capital Bancshares has stabilized financial results despite challenges from higher interest rates and deposit retention.
  • Net interest margin and income remain above pandemic levels, with growing deposits and reduced reliance on external financing.
  • Preferred shares are secure but relatively overvalued compared to peers, leading to a hold rating with potential for buying at lower prices.

Introduction

For further details see:

Texas Capital Bancshares: Downgrading The Preferred To Hold On Lower Yields
Stock Information
Company Name: Texas Capital Bancshares Inc. Depositary Shares 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock Series B
Stock Symbol: TCBIO
Market: NASDAQ
Website: texascapitalbank.com
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