Texas Capital BancShares Inc. and their board of directors declared an initial cash dividend of $0.406 per share of the non-cumulative perpetual preferred stock, Series A. The Series A Preferred Stock dividend is payable on June 17, 2013, to shareholders of record at 5:00 p.m. EDT on June 3, 2013.

Texas Capital BancShares Inc. announced unaudited financial results for the first quarter ended March 31, 2013. For the quarter, the company had $33 million in net income available to common shareholders and $0.80 in earnings per diluted share compared to $27.08 million or $0.70 per diluted share reported a year ago. Net income increased 5% on a linked quarter basis and 22% from the first quarter of 2012. Net interest income was down 5%, only 5% actually, despite an 11% reduction in loans held for sale. Very strong high ROA was maintained and ROE of 15.6% despite the big surge in equity resulting from the third quarter offering. ROA was 1.38% compared to 1.33% reported a year ago. ROE was 15.82% compared to 17.36% reported a year ago. Net interest income was $98.0 million compared to $88.2 million for the first quarter of 2012. The net interest margin was 4.27%, a 27 basis point decrease from the first quarter of 2012 and level with the fourth quarter of 2012. The year over year decrease in net interest margin is due to the growth in loans with lower yields with an offsetting benefit of the reduction in funding costs. The year over year growth in loans more than compensated for the reduction in yields and produced strong growth in net interest income. Interest income was $104.18 million compared to $93.13 million reported a year ago. Income from continuing operations before income taxes was $51.62 million compared to $42.14 million reported a year ago. Income from continuing operations was $33.14 million or $0.80 per diluted share compared to $27.08 million or $0.70 per diluted share reported a year ago. Book value (excluding securities gains/losses) per share was $21.10 compared to $16.96 as at the end of first quarter of 2012. Tangible book value (excluding securities gains/losses) per share was $20.62 compared to $16.42 as at the end of first quarter of 2012. For the quarter, the company reported net charge-offs of $1.22 million compared to $0.83 million reported a year ago.

Texas Capital BancShares Inc., Annual General Meeting, May 14, 2013., at 10:00 Central Standard Time. Location: Offices of the company located at 2000 McKinney Avenue, 7th Floor. Agenda: To consider the election of fourteen directors for terms of one year each or until their successors are elected and qualified; to consider the approval, on an advisory basis, of the compensation of the company’s executives named and described in the proxy statement; and to consider the transaction of such other business as may properly come before the Annual Meeting or any postponements or adjournments thereof.