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TCBI - Texas Capital's Turnaround Could Take A Lifetime - Avoid This Value-Trap
Texas Capital Bancshares Inc.
Based in Dallas, Texas, Texas Capital Bancshares (TCBI) has had a tumultuous 1H20 with shares down nearly 50% from the beginning of the year. In the first quarter, the bank generated a net loss of $0.38 per share. Making matters worse, Independent Bank Group (IBTX) and Texas Capital called off their proposed merger of equals on May 26th. Coupled with the proposed deal cancellation, long-time leader C. Keith Cargill steps down as president and CEO of TCBI and as a member of its board, effective immediately. Capping off one of the