Texas Capital Bancshares: The 7% Preferred Stock Is Attractive
Texas Capital Bancshares reported robust earnings growth in H1 2026, with EPS up double digits and strong balance sheet expansion. The article highlights that TCBI covers preferred dividends with just 5% of net profit, giving a coverage ratio near 2000%, and describes the Series B preferred (TCBIO) as offering a 6.96% yield at $20.66, non-cumulative and callable at $25.
Why it matters — A TCBI watcher would care because the article assesses the attractiveness and security of the company's preferred stock, which reflects on its earnings strength and capital position.