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Texas Capital Bancshares (TCBI) in Dallas has announced its CEO succession plan. Keith Cargill, 60, will become president and chief executive of the $10 billion-asset company when current chief George Jones, 69, retires at yearend.
June 11 -
Texas Capital Bancshares (TCBI) in Dallas is planning to raise $150 million by selling preferred stock.
March 21 -
Texas Capital Bancshares (TCBI) relied on loan growth and fee income to offset pressure on its net interest margin during the third quarter.
October 25
Texas Capital Bancshares (TCBI) in Dallas posted lower quarterly income due to a spike in expenses.
The $11 billion-asset company's earnings fell 19% from a year earlier, to $24.1 million. Per-share earnings of 52 cents fell 28 cents short of the average estimate of analysts polled by Bloomberg.
Noninterest expense rose 27% from a year earlier, to $68.7 million. Compensation increased 50% from the second quarter of 2012, to $45.2 million, including a $7.7 million charge due to organizational changes. The company announced during the second quarter that George Jones, its chief executive, was planning to retire.
Net interest income rose 12% from a year earlier, to $101.2 million, because of loan growth. The net interest margin narrowed by 30 basis points from a year earlier, to 3.43%.
Noninterest income increased 6% from the second quarter of 2012, to $11.1 million, because of an increase in mortgage and swap fees.
The loan-loss provision increased sevenfold from a year earlier, to $7 million. Net chargeoffs quadrupled compared to the second quarter of 2012, to $2.4 million.
