Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Q1 2024 Earnings Conference Call April 18, 2024 9:00 AM ET
Company Participants
Jocelyn Kukulka - Head of IR
Rob Holmes - President and CEO
Matt Scurlock - CFO
Conference Call Participants
Brett Rabatin - Hovde Group
Ben Gerlinger - Citi
Matt Olney - Stephens
Woody Lay - KBW
Jon Arfstrom - RBC
Operator
Welcome to the Texas Capital Bancshares, Inc. Q1 Conference Call. My name is Carla, and I will be coordinating your call today. [Operator Instructions]
I will now hand you over to your host, Jocelyn Kukulka, to begin. Jocelyn, please go ahead.
Jocelyn Kukulka
Good morning, and thank you for joining us for TCBI's first quarter 2024 earnings conference call. I'm Jocelyn Kukulka, Head of Investor Relations. Before we begin, please be aware 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 and 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.
I'll now turn the call over to Rob for opening remarks.
Rob Holmes
Thank you for joining us today.
Client adoption trends accelerated again this quarter, evidencing our differentiated market position as the preferred Texas-based platform, providing the widest possible range of products and services on parity with the largest money center banks. Our industry-leading liquidity and capital have proven to be a competitive advantage through market and rate cycles. CET1 of 12.4% ranks third amongst the largest banks of the country.
Tangible common equity to tangible assets of 9.8% ranks first amongst the largest banks in the country, and liquid assets of 27% allows for a consistent and proactive market-facing posture as we are uniquely capable of supporting the diverse and broad needs of our clients in what continues to be a dynamic and challenging operating environment for many industries.