TCBI reports Q4 and full year 2021 results.
Published on Jan 20, 2022
Fourth quarter 2021 net income of $65.1 million, or $1.19 per diluted share
Continued improvement in credit quality drove a provision release of $10.0 million
Necessary regulatory approvals obtained for launch of Texas Capital Securities
Full year 2021 net income of $253.9 million, or $4.60 per diluted share
DALLAS - January 20, 2022 Texas Capital Bancshares, Inc. (N ASDAQ: TCBI) (the “Company”), the parent company of Texas Capital Bank, today reported results for the fourth quarter and full year of 2021.
Net income was $65.1 million, or $1.19 per diluted share, for the fourth quarter of 2021, compared to $ 43.4 million, or $0.76 per diluted share, for the third quarter of 2021 and $60.2 million, or $1.14 per diluted share, for the fourth quarter of 2020 . Full year 2021net income was $253.9 million, or $4.60 per diluted share, compared to $66.3 million, or $1.12 per diluted share, for full year 2020.
“This quarter’s results conclude a year full of new initiatives and accomplishments designed to best position the Company for yet another important year ahead,” said Rob C. Holmes, President and CEO. “Our entire team is poised to continue delivering on our goals outlined in September. With our organizational discipline improving and financial results trending favorably, I am confident we will continue realizing progress towards our vision of becoming the flagship financial services firm headquartered in Texas.”