TCBI Announces Operating Results for Q2 2024

DALLAS - July 18, 2024 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2024.

Net income available to common stockholders was $37.4 million, or $0.80 per diluted share, for the second quarter of 2024, compared to $21.8 million, or $0.46 per diluted share, for the first quarter of 2024 and $64.3 million, or $1.33 per diluted share, for the second quarter of 2023.

"Building a platform resilient to market and rate cycles is a foundational tenant of our strategic plan," said Rob C. Holmes, President and CEO. "We continue to deliver differentiated solutions for clients across our markets and areas of industry focus at a pace that exceeds observed market behavior. We remain focused on realizing the clear strategic value of our platform through enhanced financial performance."

• Second quarter 2024 net income of $41.7 million and net income available to common stockholders of $37.4 million, or $0.80 per diluted share
• Book Value and Tangible Book Value(1) per share both increased 1.9%, reaching record levels,
  after giving effect to the repurchase of $50.0 million in shares
• Capital ratios continue to be strong, including 11.6% CET1 and 15.7% Total Capital

For further details of the first quarter operating results, view the pdf version below.