Latest news with #TexasCapitalSecurities
Yahoo
17-07-2025
- Business
- Yahoo
Investment banking drives strong Q2 for Texas Capital
Texas Capital Bancshares exceeded expectations for its second-quarter earnings, with executives championing the results as evidence that the bank's multi-year turnaround strategy is coming to fruition. The Dallas-based bank reported $1.58 in diluted earnings per share, a 97.5% increase from $0.80 a year earlier, beating analysts' consensus estimate of $1.29 per share, according to S&P Capital IQ. Texas Capital also reported net income of $77.3 million for the quarter, an 85.6% increase from $41.7 million a year earlier. The bank primarily attributed the income bump to more income from trading and from fees in its investment banking and advisory businesses. "Our strong quarterly performance is the result of continued execution on our multi-year roadmap, which is delivering structurally higher and more sustainable earnings across a broad set of products and services with an operating model that is only beginning to deliver on its potential for future scale," Texas Capital CEO Rob Holmes said during the company's earnings call on Thursday. To support the bank's growth goals, Texas Capital is building out its corporate and investment banking platform in an effort to generate a more reliable stream of fee income. The bank's broker-dealer arm, known as Texas Capital Securities, is planning to open offices in Los Angeles and Chicago by the end of this year, with multiple new investment bankers hired last quarter. "Despite the fact that capital markets were essentially closed in April and through the first part of May, investment banking and trading income did come in above the guide," Texas Capital Chief Financial Officer Matt Scurlock said during the earnings call. "This was supported by strong capital markets syndication fees and then continued growth in sales and trading." Read more about banks' second-quarter earnings here: Back in 2021, the bank set what Holmes called a "turnaround" goal of a 1.1% return on assets by 2025. At the end of 2020, the bank had reported a 0.18% return on assets. In the second quarter quarter of 2025, that metric came in at 0.99%, which brought the return on assets for 2025 year-to-date to 0.80%. Texas Capital executives didn't change their "low double-digit percentage growth" revenue outlook for the year or their goal of hitting the bank's ROA target in 2025. But they did tweak the bank's expense outlook for the year, revising their previous projection of high single-digit percentage growth down to "medium to high" single-digit percentage growth. "This outlook suggests continued earnings momentum and achievement of a quarterly 1.1% ROA in the second half of the year," Scurlock said on the earnings call. "Our aspiration is not to achieve 1.1 and stop," Holmes said. "That was a guide post along the way of the transformation. We have a long way to go, and what we're certain of is that the strategy works. The client acceptance of this strategy and our bankers is actually surprising even to me. We've reallocated a lot of capital to get the right clients onto the platform." Citigroup analysts wrote in a report Thursday that shares in Texas Capital "are likely to trade higher today" in light of the bank's second-quarter performance and the new guidance calling for more modest expense growth. However, the Citi analysts noted that the bank's stock had outperformed its target price leading into the earnings announcement, so "total net upside today could be modest." Investor response to the bank's earnings was positive, with shares in Texas Capital rising 3% in midday trading.
Business Insider
12-06-2025
- Business
- Business Insider
Gambling.com (GAMB) Has a New Rating from Texas Capital Securities
(GAMB – Research Report) received a Buy rating and a $17.00 price target from Texas Capital Securities analyst David Bain today. The company's shares closed today at $12.40. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Bain is a 4-star analyst with an average return of 13.1% and a 46.46% success rate. Bain covers the Consumer Cyclical sector, focusing on stocks such as Full House Resorts, Caesars Entertainment, and Golden Entertainment. The word on The Street in general, suggests a Strong Buy analyst consensus rating for with a $18.33 average price target. The company has a one-year high of $17.14 and a one-year low of $7.57. Currently, has an average volume of 427.4K.
Yahoo
19-05-2025
- Business
- Yahoo
TXO Partners, L.P. Announces Full Exercise and Closing of Underwriters' Option
FORT WORTH, Texas, May 19, 2025--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) ("TXO") today announced the full exercise of the underwriters' option to purchase an additional 1,750,000 of our common units representing limited partner interests in TXO (the "common units") at a price to the public of $15.00 per common unit, less underwriting discounts and commissions. The exercise of the underwriters' option closed on May 19, 2025. TXO expects to receive net proceeds of approximately $23.9 million from this option exercise, after deducting underwriting discounts and commissions. TXO intends to use the net proceeds from the option exercise to fund a portion of the cash consideration for the previously announced asset acquisition from White Rock Energy, LLC, a portfolio company of Quantum Capital Group (the "Acquisition"). Pending the closing of the Acquisition, and in the event that the Acquisition is not completed, the proceeds from the option exercise will be used to repay the outstanding borrowings under TXO's revolving credit facility and for general partnership purposes. Raymond James and Stifel are acting as joint book-running managers for the offering. Capital One Securities, Mizuho, and Texas Capital Securities are also acting as joint book-running managers for the offering. The offering is being made pursuant to a combined prospectus with respect to two effective shelf registration statements, filed by TXO with the Securities and Exchange Commission ("SEC"). The offering of these securities may be made only by means of the prospectus supplement and the accompanying base prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, a copy of the prospectus supplement may be obtained from any of the following sources: Raymond James & Associates, Inc. Attention: Syndicate 880 Carillon Parkway St. Petersburg, Florida 33716 Telephone: (800) 248-8863 Email: prospectus@ Stifel, Nicolaus & Company, Incorporated Attention: Syndicate Department 1201 Wills Street, Suite 600 Baltimore, Maryland 21231 Telephone: (855) 300-7136 Email: syndprospectus@ Capital One Securities, Inc. Attention: ECM Syndicate Operations 201 St. Charles Avenue, Suite 1830 New Orleans, Louisiana 70170 Telephone: 800-666-9174 Email: cos-operations@ Mizuho Securities USA LLC1271 Avenue of the Americas 3rd Fl.,New York, New York 10020Attn: Equity Capital Markets Email: US-ECM@ TCBI Securities, Inc., doing business as Texas Capital Securities Attention: Prospectus Department 2000 McKinney Avenue, 7th Floor Dallas, Texas 75201 Telephone: (866) 355-6329 Email: prospectus@ You may also obtain these documents for free when they are available by visiting EDGAR on the SEC website at Important Information This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About TXO Partners, L.P. TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. TXO's current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado, and the Williston Basin of Montana and North Dakota. Cautionary Statement Concerning Forward-Looking Statements Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the words such as "possible," "if," "will" and "expect" and contain statements regarding the size, timing or results of the offering and the proposed Acquisition. These forward-looking statements represent TXO's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, and they are subject to risks, uncertainties and other factors, many of which are outside of TXO's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, TXO does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for TXO to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in "Risk Factors" in our prospectus supplement, the Registration Statements on Form S-3, our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Forms 10-Q filed with the U.S. Securities and Exchange Commission and our other filings with the SEC. These risks include, but are not limited to, our ability to consummate the proposed Acquisition on the terms currently contemplated, and satisfaction of customary closing conditions related to the proposed Acquisition. The risk factors and other factors noted above could cause its actual results to differ materially from those contained in any forward-looking statement. You are cautioned not to place undue reliance on these forward-looking statements. View source version on Contacts TXO PartnersBrent W. ClumCo-CEO & CFO817.334.7800ir@
Yahoo
14-05-2025
- Business
- Yahoo
TXO Partners, L.P. Announces Pricing of Public Offering
FORT WORTH, Texas, May 14, 2025--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) ("TXO") today announced the pricing of its public offering of $175 million of our common units, made up of 11,666,667 common units representing limited partner interests in TXO (the "common units") at price to the public of $15.00 per common unit. TXO has granted the underwriters an option to purchase up to an additional 1,750,000 common units at the public offering price, less underwriting discounts and commissions. The offering is expected to close on May 15, 2025, subject to customary closing conditions. TXO expects to receive net proceeds of approximately $165.3 million, after deducting underwriting discounts and commissions and excluding any exercise of the underwriters' option to purchase additional common units. TXO intends to use the net proceeds from this offering, if consummated, to fund a portion of the cash consideration for the previously announced asset acquisition from White Rock Energy, LLC, a portfolio company of Quantum Capital Group (the "Acquisition"). The offering is not conditioned on the consummation of the Acquisition. Pending the closing of the Acquisition, and in the event that the Acquisition is not completed, the proceeds from the offering will be used to repay the outstanding borrowings under TXO's revolving credit facility and for general partnership purposes. Raymond James and Stifel are acting as joint book-running managers for the offering. Capital One Securities, Mizuho, and Texas Capital Securities are also acting as joint book-running managers for the offering. The offering is being made pursuant to a combined prospectus with respect to two effective shelf registration statements, filed by TXO with the Securities and Exchange Commission ("SEC"). The offering of these securities may be made only by means of the prospectus supplement and the accompanying base prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, a copy of the prospectus supplement may be obtained from any of the following sources: Raymond James & Associates, Inc. Attention: Syndicate 880 Carillon Parkway St. Petersburg, Florida 33716 Telephone: (800) 248-8863 Email: prospectus@ Stifel, Nicolaus & Company, Incorporated Attention: Syndicate Department 1201 Wills Street, Suite 600 Baltimore, Maryland 21231 Telephone: (855) 300-7136 Email: syndprospectus@ Capital One Securities, Inc. Attention: ECM Syndicate Operations 201 St. Charles Avenue, Suite 1830 New Orleans, Louisiana 70170 Telephone: 800-666-9174 Email: cos-operations@ Mizuho Securities USA LLC1271 Avenue of the Americas 3rd Fl.,New York, New York 10020Attn: Equity Capital Markets Email: US-ECM@ TCBI Securities, Inc., doing business as Texas Capital Securities Attention: Prospectus Department 2000 McKinney Avenue, 7th Floor Dallas, Texas 75201 Telephone: (866) 355-6329 Email: prospectus@ You may also obtain these documents for free when they are available by visiting EDGAR on the SEC website at Important Information This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About TXO Partners, L.P. TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. TXO's current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado, and the Williston Basin of Montana and North Dakota. Cautionary Statement Concerning Forward-Looking Statements Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the words such as "possible," "if," "will" and "expect" and contain statements regarding the size, timing or results of the offering and the proposed Acquisition. These forward-looking statements represent TXO's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, and they are subject to risks, uncertainties and other factors, many of which are outside of TXO's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, TXO does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for TXO to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in "Risk Factors" in our prospectus supplement, the Registration Statements on Form S-3, our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Forms 10-Q filed with the U.S. Securities and Exchange Commission and our other filings with the SEC. These risks include, but are not limited to, our ability to consummate the proposed Acquisition on the terms currently contemplated, the anticipated future performance of the combined company, risks and uncertainties related to economic, market or business conditions, and satisfaction of customary closing conditions related to the proposed offering and the proposed Acquisition. The risk factors and other factors noted above could cause its actual results to differ materially from those contained in any forward-looking statement. You are cautioned not to place undue reliance on these forward-looking statements. View source version on Contacts TXO PartnersBrent W. ClumCo-CEO & CFO817.334.7800ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
TXO Partners, L.P. Announces Pricing of Public Offering
FORT WORTH, Texas, May 14, 2025--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) ("TXO") today announced the pricing of its public offering of $175 million of our common units, made up of 11,666,667 common units representing limited partner interests in TXO (the "common units") at price to the public of $15.00 per common unit. TXO has granted the underwriters an option to purchase up to an additional 1,750,000 common units at the public offering price, less underwriting discounts and commissions. The offering is expected to close on May 15, 2025, subject to customary closing conditions. TXO expects to receive net proceeds of approximately $165.3 million, after deducting underwriting discounts and commissions and excluding any exercise of the underwriters' option to purchase additional common units. TXO intends to use the net proceeds from this offering, if consummated, to fund a portion of the cash consideration for the previously announced asset acquisition from White Rock Energy, LLC, a portfolio company of Quantum Capital Group (the "Acquisition"). The offering is not conditioned on the consummation of the Acquisition. Pending the closing of the Acquisition, and in the event that the Acquisition is not completed, the proceeds from the offering will be used to repay the outstanding borrowings under TXO's revolving credit facility and for general partnership purposes. Raymond James and Stifel are acting as joint book-running managers for the offering. Capital One Securities, Mizuho, and Texas Capital Securities are also acting as joint book-running managers for the offering. The offering is being made pursuant to a combined prospectus with respect to two effective shelf registration statements, filed by TXO with the Securities and Exchange Commission ("SEC"). The offering of these securities may be made only by means of the prospectus supplement and the accompanying base prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, a copy of the prospectus supplement may be obtained from any of the following sources: Raymond James & Associates, Inc. Attention: Syndicate 880 Carillon Parkway St. Petersburg, Florida 33716 Telephone: (800) 248-8863 Email: prospectus@ Stifel, Nicolaus & Company, Incorporated Attention: Syndicate Department 1201 Wills Street, Suite 600 Baltimore, Maryland 21231 Telephone: (855) 300-7136 Email: syndprospectus@ Capital One Securities, Inc. Attention: ECM Syndicate Operations 201 St. Charles Avenue, Suite 1830 New Orleans, Louisiana 70170 Telephone: 800-666-9174 Email: cos-operations@ Mizuho Securities USA LLC1271 Avenue of the Americas 3rd Fl.,New York, New York 10020Attn: Equity Capital Markets Email: US-ECM@ TCBI Securities, Inc., doing business as Texas Capital Securities Attention: Prospectus Department 2000 McKinney Avenue, 7th Floor Dallas, Texas 75201 Telephone: (866) 355-6329 Email: prospectus@ You may also obtain these documents for free when they are available by visiting EDGAR on the SEC website at Important Information This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. About TXO Partners, L.P. TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in North America. TXO's current acreage positions are concentrated in the Permian Basin of West Texas and New Mexico, the San Juan Basin of New Mexico and Colorado, and the Williston Basin of Montana and North Dakota. Cautionary Statement Concerning Forward-Looking Statements Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include the words such as "possible," "if," "will" and "expect" and contain statements regarding the size, timing or results of the offering and the proposed Acquisition. These forward-looking statements represent TXO's expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved, and they are subject to risks, uncertainties and other factors, many of which are outside of TXO's control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, TXO does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for TXO to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements discussed in "Risk Factors" in our prospectus supplement, the Registration Statements on Form S-3, our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Forms 10-Q filed with the U.S. Securities and Exchange Commission and our other filings with the SEC. These risks include, but are not limited to, our ability to consummate the proposed Acquisition on the terms currently contemplated, the anticipated future performance of the combined company, risks and uncertainties related to economic, market or business conditions, and satisfaction of customary closing conditions related to the proposed offering and the proposed Acquisition. The risk factors and other factors noted above could cause its actual results to differ materially from those contained in any forward-looking statement. You are cautioned not to place undue reliance on these forward-looking statements. View source version on Contacts TXO PartnersBrent W. ClumCo-CEO & CFO817.334.7800ir@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
