Texas Capital Bancshares Dividend Announcement
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, has made a significant announcement regarding its quarterly dividend for preferred stock. The company declared a cash dividend of $14.375 per share related to its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, reflecting its ongoing commitment to returning value to its shareholders.
Understanding the Dividend Details
The dividend, which translates to approximately $0.359375 per depositary share, indicates that each depositary share represents a 1/40th interest in the Series B Preferred Stock. Texas Capital Bancshares confirms that the dividend is payable to holders of record on a specific date, showcasing a systematic approach to its dividend distribution that aligns with investor expectations.
About Texas Capital Bancshares
Founded in 1998 and headquartered in Dallas, Texas Capital Bancshares, Inc. operates with a robust structure supporting both banking and financial services. Its growth trajectory over the years has allowed it to establish a reputable presence in the financial sector.
Operating in Full-Service Financial Solutions
As a full-service financial services firm, Texas Capital Bank offers a range of customized solutions tailored to businesses and individual clients. These services encompass various banking branches, including commercial and consumer banking, investment banking, and wealth management. This comprehensive service offering places Texas Capital in a strong position to meet the diverse financial needs of its clients.
Community Presence and Client Support
Texas Capital has extensive operations in key Texas cities, including Austin, Houston, San Antonio, and Fort Worth. The company prides itself on establishing a vast client network across the nation, catering to a variety of needs throughout the entire lifecycle, from startups to mature businesses.
Growth and Stability in the Financial Sector
In recent times, the focus on fintech solutions has created a dynamism within the banking sector that Texas Capital Bancshares has embraced. By integrating technology into its services, the company ensures that clients have access to the tools necessary for making informed financial decisions. This innovative approach not only enhances customer satisfaction but also secures the company’s growth in a competitive market.
Investor Relations and Contact Information
Investor engagement remains a priority for Texas Capital Bancshares as it continues to foster transparent communication. Interested parties can reach the Investor Relations department through the following contact information:
INVESTOR CONTACT Jocelyn Kukulka, 469.399.8544 jocelyn.kukulka@texascapitalbank.com MEDIA CONTACT Julia Monter, 469.399.8425 julia.monter@texascapitalbank.com
Frequently Asked Questions
What is the recent dividend declared by Texas Capital Bancshares?
The company declared a cash dividend of $14.375 per share for their Series B Preferred Stock.
When will the dividend be payable?
The dividend is payable on a noted date to holders of record prior to that date, marking a structured timeline for investors.
What services does Texas Capital Bancshares offer?
They provide a comprehensive range of financial services including commercial and consumer banking, investment banking, and wealth management.
How does Texas Capital Bancshares integrate technology in its services?
By embracing fintech solutions, Texas Capital enhances customer experiences and ensures quick, efficient service delivery.
Who can I contact for more information about Texas Capital Bancshares?
You can reach Jocelyn Kukulka for investor inquiries and Julia Monter for media-related questions as provided above.
