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Fly News Breaks for January 23, 2020
Jan 23, 2020 | 07:47 EDT
Wedbush analyst Peter Winter lowered his price target for Texas Capital to $61 from $66 as the company continues to deal with lingering credit problems related to deterioration in both energy and leveraged loan as total non-performing assets almost doubled, up $104M to $225M and criticized loans in energy and leveraged loans increased $102M to $284M. The analyst has a Neutral rating on the shares.
News For TCBI From the Last 2 Days
Apr 21, 2021 | 16:05 EDT
Reports Q1 book value per share $53.59. Reports Q1 CET1 capital ratio 10.2%. Reports Q1 net charge-offs .11%. "In my first 90 days as CEO, we have achieved momentum in establishing the foundation from which we can move forward," said Rob Holmes, president and CEO. "In the first quarter alone, we were able to execute the largest capital raise in our history and close on our first warehouse lending credit risk transfer transaction, both of which position TCBI for future growth. Looking ahead, we will continue to supplement our workforce with new talent, take steps to drive shareholder value and develop our fulsome long-term strategy. As promised, I look forward to sharing it with you in the third quarter."