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
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For further details see:
Texas Capital Bancshares: Downgrading The Preferred To Hold On Lower Yields