Texas Capital Q4 net income falls to $20.2 million; $150.0 million buyback set
Texas Capital Bancshares reported fourth quarter 2023 net income available to common stockholders of $15.8 million, or $0.33 per diluted share, down from $57.4 million, or $1.18 per share, in the third quarter and $212.9 million, or $4.23 per share, a year earlier. The company also authorized a new share repurchase program of up to $150.0 million through January 31, 2025, which ends the prior January 2023 authorization.
Key points
- Q4 2023 net income available to common stockholders was $15.8 million, or $0.33 per diluted share, versus $57.4 million, or $1.18, in Q3 2023 and $212.9 million, or $4.23, in Q4 2022.
- Q4 2023 included a $19.9 million FDIC special assessment, or $0.32 per diluted share.
- Net interest margin was 2.93% in Q4 2023, down 20 basis points from Q3 2023; the provision for credit losses was $19.0 million.
- On January 17, 2024, the board authorized repurchases of up to $150.0 million of common stock through January 31, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 18, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.