Texas Capital Bancshares Q1 EPS $0.46, down from $0.70; CRO Storms to retire
Texas Capital Bancshares reported first-quarter 2024 net income available to common stockholders of $21.8 million, or $0.46 per diluted share, down from $34.3 million, or $0.70, a year earlier but up from $0.33 in the fourth quarter of 2023. Chief Risk Officer Tim J. Storms also told the company he plans to retire on or around June 15, 2024, and the company intends to search for a replacement.
Key points
- Q1 2024 net income available to common stockholders was $21.8 million, or $0.46 per diluted share, versus $34.3 million, or $0.70, in Q1 2023 and $15.8 million, or $0.33, in Q4 2023.
- Net interest income was $215.0 million, down from $235.3 million a year earlier; non-interest income rose to $41.3 million from $37.4 million.
- Q1 2024 included a $5.0 million legal settlement expense, a $3.0 million FDIC special assessment and $2.0 million of restructuring expenses.
- Chief Risk Officer Tim J. Storms plans to retire on or around June 15, 2024, and will provide consulting services during the transition.
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 April 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.