08:37 AM EDT, 09/06/2024 (MT Newswires) -- Texas Capital Bancshares ( TCBI ) said Friday it has agreed to buy a $400 million health care portfolio as part of its multi-year plan to expand sector-specific services.

The deal is slated to close this month, Texas Capital said.

The company also said that as part of its balance sheet repositioning, it is selling $1.24 billion in lower-yield securities and reinvesting in higher-yield assets, which is expected to increase net interest income by $35 to $40 million annually.

Texas Capital also plans to lower 2025 non-interest expenses by $30 million, alongside further expansion into energy research and direct lending platforms.

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