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S&P revises outlook on long-term ratings on Texas Capital Bancshares, unit

S&P Global Ratings affirmed the BB+ issuer credit rating on Texas Capital Bancshares Inc. and the BBB- issuer credit rating on the company's unit, Texas Capital Bank NA.

The outlooks on the long-term ratings on both entities were revised to positive from stable.

The outlook revision reflects the rating agency's view that the advantages of the proposed merger of equals between Texas Capital Bancshares and Independent Bank Group Inc. could outweigh potential risks over the next two years. For one, S&P Global Ratings expects the MOE to expand Texas Capital Bancshares' loan and deposit diversification, extend product offerings beyond traditional commercial lending, and improve the company's revenue mix to some extent.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.