Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Q2 2024 Earnings Conference Call July 18, 2024 9:00 AM ET

Company Participants

Jocelyn Kukulka - Head of IR
Rob Holmes - President and CEO
Matt Scurlock - CFO

Conference Call Participants

Ben Gerlinger - Citi
Stephen Scouten - Piper Sandler
Matt Olney - Stephens
Woody Lay - KBW
Jon Arfstrom - RBC

Operator

Good morning all. I would like to welcome you all to the Texas Capital Bancshares, Inc. Q2 2024 Earnings Call. My name is Breka, and I will be your moderator for today. [Operator Instructions]

I will now like to pass the conference over to your host, Jocelyn Kukulka at TCBI to begin. Jocelyn, please go ahead.

Jocelyn Kukulka

Good morning, and thank you for joining us for TCBI's second 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. We continue to make material progress, translating our now clearly differentiated strategy and operating model into outcomes consistent with our targeted results. The firm's industry-leading liquidity and capital continue to be a competitive advantage, as current and prospective clients seek a financial partner with both a product suite and balance sheet capable of supporting them, through market and rate cycles. We've finished the quarter with tangible common equity to tangible assets of 9.6%, ranked first amongst the largest banks in the country. A reserve ratio of 1.84% when excluding mortgage finance loans, which is top decile amongst our peer group, and liquid assets of 24%.