Texas Capital Bancshares, Inc. Declares Dividend for Preferred Stock
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, has announced an important cash dividend for its preferred stock, indicating its ongoing commitment to its investors and stakeholders. The board of directors has officially declared a dividend of $14.375 per share on the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This translates to $0.359375 per depositary share, with each share representing a 1/40th interest in a share of the Series B Preferred Stock.
Details of the Preferred Stock Dividend
The Series B Preferred Stock dividend is designed to reward shareholders and is set to be paid on a specific date. According to the declaration, this dividend will be payable on December 16, 2024, to shareholders who are on record as of December 2, 2024. This announcement underlines Texas Capital's continuous efforts to provide value to its investors.
Understanding Texas Capital Bancshares, Inc.
Founded in 1998, Texas Capital Bancshares has established itself as a leading service provider in the financial sector. As a full-service financial institution, it caters to a diverse clientele, ranging from businesses and entrepreneurs to individual customers. The firm operates with a strong presence in the banking landscape, offering commercial banking, consumer banking, investment banking, and wealth management services.
Market Position and Growth
As a member of significant indices like the Russell 2000 and the S&P MidCap 400, Texas Capital Bancshares continues to grow and adapt in a competitive environment. With its headquarters in Dallas and various office locations in major Texas cities including Austin, Houston, San Antonio, and Fort Worth, Texas Capital is well-positioned to serve a broad customer base across the nation.
Client-Centric Financial Solutions
Texas Capital Bank, known for its comprehensive banking solutions, emphasizes a customer-focused approach. The institution takes pride in developing tailored financial services that address the unique needs of its clientele. This includes a robust range of deposit and lending products, designed to foster long-term financial relationships. All operations are conducted under strict adherence to legal and regulatory guidelines, ensuring compliance and transparency.
Commitment to Quality Service
The bank's long-standing mission is to provide high-quality financial services while maintaining a strong relationship with the community. This dedication not only enhances customer loyalty but also paves the way for sustainable growth. Their continued investment in both technology and personal service positions Texas Capital to lead in the financial services sector.
Contact Information
For any inquiries regarding investor relations, contact Jocelyn Kukulka at 469.399.8544. Additionally, Julia Monter is available for media-related questions at 469.399.8425. They are dedicated to assisting both investors and members of the media in the best possible manner.
Frequently Asked Questions
What is the amount of the declared dividend by Texas Capital Bancshares?
The declared dividend is $14.375 per share of the Series B Preferred Stock.
When will the dividend be payable?
The dividend will be payable on December 16, 2024, to shareholders on record as of December 2, 2024.
What services does Texas Capital Bancshares offer?
Texas Capital Bancshares offers a wide range of financial services including commercial banking, consumer banking, investment banking, and wealth management.
Where is Texas Capital Bank headquartered?
Texas Capital Bank is headquartered in Dallas, Texas, and has additional offices in Austin, Houston, San Antonio, and Fort Worth.
Who should be contacted for investor relations?
Investors can contact Jocelyn Kukulka for inquiries related to investor relations.
