Texas Capital Bancshares (TCBI) has simplified its capital structure by eliminating a previously authorized but unused class of Series A-1 Nonvoting Common Stock and its unused 6.50% Non-Cumulative Perpetual Preferred Stock, Series A. This move streamlines its capital structure without impacting existing shareholders. Spark, TipRanks’ AI Analyst, rates TCBI as Outperform, citing improved financial performance and a constructive earnings outlook.
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Texas Capital Bancshares Simplifies Capital Structure via Elimination
Texas Capital Bancshares (TCBI) has simplified its capital structure by eliminating a previously authorized but unused class of Series A-1 Nonvoting Common Stock and its unused 6.50% Non-Cumulative Perpetual Preferred Stock, Series A. This move streamlines its capital structure without impacting existing shareholders. Spark, TipRanks’ AI Analyst, rates TCBI as Outperform, citing improved financial performance and a constructive earnings outlook.