Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Q2 2022 Results Conference Call July 21, 2022 11:00 AM ET

Company Participants

Jocelyn Kukulka - Head, IR

Rob Holmes - President, CEO

Matt Scurlock - CFO

Conference Call Participants

Brad Milsaps - Piper Sandler

Brady Gailey - KBW

Michael Rose - Raymond James

Operator

Hello, and welcome to today's TCBI Q2 2022 Earnings Conference Call. My name is Elliot, and I will be coordinating your call today. [Operator Instructions]

I would now like to hand the call over to Jocelyn Kukulka, Head of Investor Relations. The floor is yours. Please go ahead.

Jocelyn Kukulka

Good morning, and thank you for joining us for TCBI's Second 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 at texascapitalbank.com.

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'll turn the call over to Rob for opening remarks.

Rob Holmes

Thank you for joining us today to discuss our second quarter results, which represent another important step in the transformation of our firm. It has now been nearly 11 months since we announced our strategy on September 1 of last year, and we are taking deliberate meaningful steps towards fulfilling our commitment to build a Texas-based full-service financial services firm that can seamlessly serve the best clients in our markets through the entirety of their life cycles.

We told you that delivering against this objective would require us to reorganize the front and back of our operating model around client delivery, emphasizing client experience, aggressively realign our expenses to invest directly in expanded coverage and improved capabilities and reposition our capital base in support of businesses where we can be relevant to clients by offering broader product and services, not just a loan commodity.