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TCBIO yields 7.9% at $18 versus $25 par; any interest-rate event or change of control at the bank would push it to par, giving upside on top of the cash yield. The Texas bank is strong and not going anywhere.
Texas Capital back bank shares the preferred symbol is TCBIO and this is yielding 7.9 this morning trading at $18. PAR is 25. Um any event in the interest rate markets any change of control at the bank and this thing pops to par giving you lots of upside. in addition to just collecting this cash.
And this is a super strong Texas bank that's not going anywhere.