Item 2.02. Results of Operations and Financial Condition.
(a)On January 18, 2023, Texas Capital Bancshares, Inc. (the "Company") issued a
press release and made available presentation slides regarding its operating and
financial results for its fiscal quarter and year ended December 31, 2022. A
copy of the press release is attached hereto as Exhibit 99.1. A copy of the
presentation is attached hereto as Exhibit 99.2.
The information in Item 2.02 of this report (including Exhibits 99.1 and 99.2)
shall not be deemed "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liability of that
section, nor shall such information be deemed incorporated by reference in any
filing under the Securities Act of 1933, as amended, or the Exchange Act of
1934, as amended, except as expressly set forth by specific reference in such a
filing.
Item 8.01. Other Events.
Announcement of Share Repurchase Program
On January 18, 2023, our board of directors authorized a new share repurchase
program under which we may repurchase up to $150.0 million in shares of our
outstanding common stock. Any repurchases under the repurchase program will be
made in accordance with applicable securities laws from time to time in open
market or private transactions. The extent to which we repurchase shares, and
the timing of such repurchases, will be at management's discretion and will
depend upon a variety of factors, including market conditions, our capital
position and amount of retained earnings, regulatory requirements and other
considerations. No time limit was set for the completion of the share repurchase
program, and the program may be suspended or discontinued at any time.
Announcement of Earnings Call
As previously announced, the Company will host a conference call and live
webcast on Thursday, January 19, 2023 at 9:00 a.m. EDT to review the Company's
financial results for the period ended December 31, 2022.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press Release, dated January 18 , 202 3 announcing
Texas Capital Bancshares, Inc.'s operating and financial results for its fiscal
quarter and year ended December 31, 2022
99.2 Presentation dated January 1 8 , 202 3 discussing
Texas Capital Bancshares, Inc.'s operating and financial results for its fiscal
quarter and year ended December 31, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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