The following is a summary of the Texas Capital Bancshares, Inc. (TCBI) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Texas Capital Bancshares reported a 4% increase in adjusted total revenue to $256 million.

• The company's net income to common was $21.8 million, an increase of 38% linked quarter.

• Fee income from focus areas rose 62% linked quarter and 20% year-over-year, and noninterest income made up over 16% of total revenue.

• Total deposits grew 7% during the quarter.

• CET1 of 12.4% and tangible common equity to tangible assets of 9.8% rank third and first respectively amongst the country's largest banks.

• The company repurchased approximately 529,000 shares during Q1 2024.

Business Progress:

• The company displayed accelerated client adoption trends driven by competitive banking platform offerings.

• The treasury solution platform has significantly increased payment system volumes, resulting in a record quarter for treasury product fees.

• The rebuild of the Private Wealth business, offering superior client experience at significant scale, is nearing completion.

• There was significant growth in the investment banking and trading income sector, doubling quarter over quarter.

• With increased relevance amongst mortgage finance clients and continued investment in the treasury business, the company has grown its total relationships by 40% over the past year.

• Future plans include increased investments in cash management suite and hiring additional frontline TS officers.

More details: Texas Capital Bancshares IR

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