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Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Saturday, February 27, 9:45 PM

Slide #435. Texas Capital Bancshares, Inc. Preferred Stock Offering

Company: Texas Capital Bancshares, Inc. (NASDAQ:TCBI)
Date announced: 3/21/2013
Shares Offered: 6,000,000
Price Per Share: $25
Preferred Stock Offering Details: Texas Capital Bancshares, Inc. (Texas Capital) (NASDAQ:TCBI), the parent company of Texas Capital Bank, today announced the pricing of a public offering of 6,000,000 shares, or $150 million in aggregate liquidation preference, of its 6.5% non-cumulative perpetual preferred stock, Series A, par value $.01. The preferred stock has a liquidation preference of $25 per share (the "Preferred Stock"). Texas Capital expects to use the net proceeds of this offering for general corporate purposes.

Texas Capital Bancshares is a bank holding company. Through its subsidiary, Texas Capital Bank, National Association, Co. serves commercial businesses and professionals and entrepreneurs located in Texas as well as operates several lines of business serving a regional or national clientele of commercial borrowers. Co. is a lender, with most of its loans held for investment, excluding mortgage finance loans and other national lines of business, being made to businesses headquartered or with operations in Texas. Co.'s business deposit products include commercial checking accounts, lockbox accounts, cash concentration accounts and other treasury management services, including online banking.

Preferred: TCBIP


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Name:  Texas Capital Bancshares Inc
Website:  www.texascapitalbank.com
Sector:  Banking & Savings
Number of ETFs Holding TCBI:  53 (see which ones)
Total Market Value Held by ETFs:  $767,243,059
Total Market Capitalization:  $4,023,000,000
% of Market Cap. Held by ETFs:  19.07%
 

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