Texas Capital Bancshares ( (TCBI) ) has released its Q4 earnings. Here is a breakdown of the information Texas Capital Bancshares presented to its investors.
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Texas Capital Bancshares, Inc. is a full-service financial services firm headquartered in Dallas, Texas, offering customized banking solutions to businesses, entrepreneurs, and individual customers across the United States. The company operates in the commercial, consumer, investment banking, and wealth management sectors.
Texas Capital Bancshares reported strong financial results for the fourth quarter and full year of 2024, with significant growth in both deposits and loans. The company highlighted a 38% increase in income from fee areas of focus, reflecting effective strategic execution.
Key financial metrics from the report include a 13% increase in total deposits and a 10% growth in total loans year-over-year. The bank’s net income available to common stockholders was $66.7 million for the fourth quarter, a substantial improvement from the previous quarter’s loss. Additionally, the book value and tangible book value per share each rose by 8% year-over-year.
Despite some challenges, such as higher provisions for credit losses, Texas Capital Bancshares has maintained strong capital ratios, with CET1 and Total Capital at 11.4% and 15.4%, respectively. The bank also announced a new $200 million share repurchase program, underscoring its confidence in continuing growth.
Looking ahead, Texas Capital Bancshares is poised for continued success in 2025, driven by strategic initiatives and client adoption trends, as stated by the company’s CEO, Rob C. Holmes.
