Texas Capital Bancshares: The Preferred Stock Is More Attractive

Impact · against what's priced in

TCBI is likely to see a positive reaction due to strong Q3 net interest income growth and robust asset quality in its commercial portfolio. The attractiveness of the preferred shares provides a specific income play but has negligible impact on the common equity valuation.

TCBI+0.60

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In context

A 13% increase in net interest income for Q3 and a commercial lending portfolio with limited non-performing loans demonstrate strong core earnings and disciplined risk management.

Read from the article alone

• banking▲5%
• earnings
• TCBI
• commercial lending
• dividend yield
• net interest income
• preferred shares

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