Texas Capital Bancshares Begins Trading on the Texas Stock Exchange
The Dallas bank left Nasdaq on Oct. 8 in a high-profile win for the young exchange, with a ticker change to follow in November.
Dallas-based Texas Capital Bancshares switched its primary stock listing from Nasdaq to the Texas Stock Exchange (TXSE) on Oct. 8, one of the first corporate moves for the new Dallas exchange.
The bank announced the plan on Sept. 14. Nasdaq trading ended at the close on Oct. 7, and TXSE trading began at the open the next morning. The common stock kept its ticker, TCBI, for now; on Nov. 9 the common and preferred shares are expected to switch to TXCP and TXCP PRB. A closing-bell ceremony is planned in Dallas that day. The company, valued at about $4.3 billion, said stockholders need not take any action.
A young exchange's momentum
The TXSE launched live trading in July. Texas Capital had previously moved two exchange-traded funds, the Texas Equity Index and Texas Oil Index, to the exchange. Energy Transfer and several affiliates shifted their primary listings about three days before the bank, which a law-firm deal roundup described as the exchange's first corporate primary listings.
Adviser comments reported earlier this year suggested the exchange expects its first initial public offerings in early 2027.
Sources: GlobeNewswire — Texas Capital release (Sept. 14); FBFK Law — M&A Roundup, Oct. 12, 2026.
More in Business
BusinessTexas Service Sector Rebounds in October After a Stalled September
Revenue and business activity turned positive again, and wage pressure hit its highest level since early 2023, the Dallas Fed reported.
BusinessTexas Factory Growth Cools but Stays Solid in October, Dallas Fed Says
The Dallas Fed's October survey showed output and orders slowing from September's pace even as executives grew more upbeat about the next six months.
BusinessHalf on the Check, Half in Cash: The Payroll Habit the IRS Takes Most Seriously | Austin nails & spa
Paying part of a worker's wages in cash off the books can feel like a win for everyone, but of all the habits in this series it's the one the IRS treats most seriously. Here is why it raises concern, and why it quietly hurts your staff too.