- Texas Capital had a mixed third quarter, with weaker net interest income on a less profitable loan mix and excess liquidity.
- The bank has named a new CEO, hiring a former JPMorgan banker with extensive experience in corporate banking.
- TCBI's recent history is that of an asset-sensitive lender with iffy performance metrics and strengths mostly in lower-return businesses.
- Fairly valued on an "as is" basis, there is upside potential if the new CEO can make TCBI more efficient and more competitive in more profitable lines of business.
For further details see:
Texas Capital's Upside Tied Largely To Self-Improvement