Texas Capital Bancshares Declares First-Ever Common Stock Dividend of $0.20
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a Dallas-based commercial bank, declared its first quarterly common stock dividend in company history at $0.20 per share. The bank also reported first quarter net income of $69.5 million, up 63% year-over-year.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a Dallas-based commercial bank, declared its first quarterly common stock dividend in company history at $0.20 per share, the company announced Wednesday alongside first quarter 2026 earnings. Read more dividend announcements.
The dividend marks a strategic shift for the 28-year-old institution, which has never before paid a regular cash dividend to common shareholders. The company also declared a $14.375 per share dividend on its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, equivalent to $0.359375 per depositary share.
Dividend Details
| Security | Amount | Record Date | Payment Date |
|---|---|---|---|
| Common Stock (TCBI) | $0.20 per share | June 1, 2026 | June 15, 2026 |
| Series B Preferred (TCBIO) | $14.375 per share | June 1, 2026 | June 15, 2026 |
Chairman, President and CEO Rob C. Holmes said the dividend initiation reflects "sustainable earnings generation, strong capital levels and proven strategic positioning." The company reported first quarter 2026 net income available to common stockholders of $69.5 million, up 63% from $42.7 million in the year-ago quarter.
First Quarter Financial Performance
Total revenue reached $324.0 million in the first quarter, compared to $280.5 million a year earlier. Net interest income rose to $254.7 million from $236.0 million, while non-interest income climbed to $69.3 million from $44.4 million.
Book value and tangible book value per share both increased 11% year-over-year. The bank maintained strong capital ratios with Common Equity Tier 1 at 12.0% and total capital at 15.9%, both above regulatory requirements for well-capitalized institutions.
During the first quarter, Texas Capital repurchased 770,423 shares of common stock for $75.1 million at a weighted average price of $96.82 per share, including excise tax expense.
Asset Quality Metrics
The company recorded a $16.0 million provision for credit losses in the quarter, compared to $17.0 million in the first quarter of 2025. Non-accrual loans and leases held for investment totaled $144.9 million, or 0.58% of total loans, up from $93.6 million, or 0.42%, a year earlier.
Criticized loans stood at $650.6 million at March 31, 2026, compared to $762.9 million at March 31, 2025. The allowance for credit losses to total loans held for investment was 1.32%, down from 1.48% a year earlier.
Texas Capital operates offices in Dallas, Austin, Houston, San Antonio and Fort Worth, serving commercial, consumer, investment banking and wealth management clients. The company was founded in 1998 and is headquartered in Dallas.