Texas Capital Bancshares(TCBI) - 2021 Q2 - Earnings Call Presentation

Financial Performance - Net income to common was $73.5 million, or $1.31 per diluted share in Q2 2021[10] - Net Interest Income decreased from $209.9 million in Q2 2020 to $197.0 million in Q2 2021[6] - Non-Interest Income decreased from $70.5 million in Q2 2020 to $30.1 million in Q2 2021[6] - Total Revenue decreased from $280.4 million in Q2 2020 to $227.1 million in Q2 2021[6] - Non-Interest Expense decreased from $222.3 million in Q2 2020 to $149.1 million in Q2 2021[6] - Provision for Credit Losses improved from $100.0 million in Q2 2020 to $(19.0) million in Q2 2021[6] Balance Sheet and Capital - The company completed a $375.0 million sub-debt offering after a $300.0 million preferred stock offering in Q1 2021[9] - Period-end PPP loans declined $363.7 million Q-o-Q to $364.4 million[33] Correspondent Lending Transition - Correspondent Lending transition led to a decrease in non-interest income by $13.2 million Q-o-Q[39] - Repositioning of Correspondent Lending's expense (approximately $70 million annualized) towards front-line hires and new products and services has already begun[19] Credit Quality - Net charge-offs were $2.4 million in Q2 2021[10] - Ending PPP loans declined $363.7 million Q-o-Q to $364.4 million[33]