Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Q4 2022 Earnings Conference Call January 19, 2023 9:00 AM ET

Company Participants

Jocelyn Kukulka - Head, IR

Rob Holmes - President & CEO

Matt Scurlock - EVP and CFO

Conference Call Participants

Brett Rabatin - Hovde Group

Matt Olney - Stephens

Jennifer Demba - Truist

Brady Gailey - KBW

Brad Milsaps - Piper Sandler

Operator

Hello, everyone. And welcome to TCBI Q4 2022 Earnings Call. My name is Nadia and I'll be coordinating the call today. [Operator Instructions]

I would now hand over to your host, Jocelyn Kukulka, Head of Investor Relations to begin. Jocelyn , please go ahead.

Jocelyn Kukulka

Good morning and thank you for joining us for TCBI's fourth quarter 2022 earnings conference call. I'm Jocelyn Kukulka, Head of Investor Relations. Before we begin, please be aware that this call will include forward-looking statements that are based on our current expectations of future results or events. Forward-looking statements are subject to both known and unknown risks and uncertainties that could cause actual results to differ materially from these statements. Our forward-looking statements are as of the date of this call and we do not assume any obligation to update or revise them.

Statements made on this call should be considered together with the cautionary statements and other information contained in today's earnings release, our most recent Annual Report on Form 10-K and subsequent filings with the SEC. We will refer to slides during today's presentation, which can be found along with the press release in the Investor Relations section of our website.

Our speakers for the call today are Rob Holmes, President and CEO; and Matt Scurlock, CFO. At the conclusion of our prepared remarks, our operator will open up a Q&A session.

And now I will turn the call over to Rob for opening remarks. Rob?

Rob Holmes

Thank you for joining us today. This month marks my two-year anniversary at Texas Capital and the fifth completed quarter since we announced our new strategy on September 1, 2021. Upon arrival to the firm, and through the first several quarters of learning the company, we systematically identified the previously unacknowledged depth of issues in each client facing department and operational function, which were significant. We were quick to return to the office Memorial Day of 2021 and immediately began facing reality and addressing problems. As we dissected the company in its early days, it became quickly apparent that 2021 would be spent defining, communicating and mobilizing to enable the strategy and that we would need all of 2022 to deliver the wholesale transformation required before we can begin to make meaningful progress towards acceptable financial outcomes.