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Lalamove Launches Delivery Services In Dallas

PYMNTS

Same-day delivery service provider Lalamove has launched its services in the Dallas/Fort Worth area to help small- to medium-sized businesses (SMBs) make quicker deliveries, according to a press release. That came after a $300 million Series D round, handled in part by Sequoia China and Hillhouse Capital.

Dallas 131
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Texas Capital reports 53% jump in criticized loans, plans for more

American Banker

The first-quarter increase stemmed from higher interest rates, partial charge-offs and certain problem loans, many involving commercial real estate, executives at the Dallas bank say. Further CRE deterioration is anticipated.

Dallas 91
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TAB Bank Expands With $46M Acquisition Deal For BAMFi’s Capital Division 

PYMNTS

TAB Bank is acquiring BAMFi’s BAM Capital Division in a $46 million deal, TAB announced on Tuesday (Nov. As part of the acquisition, BAM’s office in Dallas, Texas will be retained by TAB Bank , including both operations and staff. This is the digital bank’s fourth acquisition of a working capital loan portfolio.

Capital 130
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Texas Capital stands by 2025 profit targets amid short-term pressure

American Banker

The Dallas company, which is in the midst of a four-year business overhaul, is facing a margin squeeze in the coming quarters. But even as analysts express skepticism, company executives aren't budging from the profitability goals they set two years ago.

Texas 73
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Fee income was upside surprise at regionals, including Texas Capital

American Banker

Dallas-based Texas Capital stood out from the pack, reporting a large uptick in fee income thanks largely to its new investment banking platform. Median noninterest income at midsize banks rose 7.2% in the second quarter, exceeding expectations.

Texas 36
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Texas Capital CEO vows not to cut corners in the bank's turnaround

American Banker

Chief Executive Rob Holmes, who launched an attempted turnaround shortly after taking the reins of the Dallas-based bank in 2021, is resisting the lure of share buybacks. Some investors may be growing impatient, but Holmes says the investments he's made are starting to pay off.

Dallas 67
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Texas Capital sees mortgage woes amid long-term overhaul

American Banker

The Dallas bank's full-year results showed progress toward its long-term strategic goals despite a fourth-quarter drop-off in net interest income heavily tied to its mortgage business, executives said on an earnings call.

Texas 36