Texas Capital Bancshares, Inc. Announces First Quarter 2025 Results
Texas Capital Bancshares (NASDAQ: TCBI) reported first quarter 2025 results with net income of $47.0 million and earnings per diluted share of $0.92. Key financial highlights include:
- Total deposits increased 9% year-over-year to $26.05 billion
- Total loans grew 7% year-over-year to $22.38 billion
- Book Value and Tangible Book Value both up 11% year-over-year
- Strong capital ratios with 11.6% CET1 and 15.6% Total Capital
Net interest income reached $236.0 million, with net interest margin at 3.19%. The company recorded a $17.0 million provision for credit losses, reflecting $9.8 million in net charge-offs and increased criticized loans. During Q1 2025, TCBI repurchased 396,106 shares at an average price of $78.25 per share, totaling $31.2 million.
Texas Capital Bancshares (NASDAQ: TCBI) ha riportato i risultati del primo trimestre 2025 con un utile netto di 47,0 milioni di dollari e un utile per azione diluita di 0,92 dollari. Principali dati finanziari includono:
- Depositi totali aumentati del 9% su base annua, raggiungendo 26,05 miliardi di dollari
- Prestiti totali cresciuti del 7% su base annua, arrivando a 22,38 miliardi di dollari
- Valore contabile e valore contabile tangibile entrambi in crescita dell’11% su base annua
- Solidità patrimoniale con ratio CET1 all’11,6% e capitale totale al 15,6%
Il margine d’interesse netto ha raggiunto 236,0 milioni di dollari, con un margine di interesse netto del 3,19%. La società ha accantonato 17,0 milioni di dollari per perdite su crediti, comprensivi di 9,8 milioni di dollari di cancellazioni nette e un aumento dei prestiti a rischio. Nel primo trimestre 2025, TCBI ha riacquistato 396.106 azioni a un prezzo medio di 78,25 dollari per azione, per un totale di 31,2 milioni di dollari.
Texas Capital Bancshares (NASDAQ: TCBI) reportó los resultados del primer trimestre de 2025 con un ingreso neto de 47,0 millones de dólares y ganancias por acción diluida de 0,92 dólares. Aspectos financieros clave incluyen:
- Depósitos totales aumentaron un 9% interanual hasta 26,05 mil millones de dólares
- Préstamos totales crecieron un 7% interanual hasta 22,38 mil millones de dólares
- Valor en libros y valor tangible en libros aumentaron un 11% interanual
- Sólidos índices de capital con 11,6% CET1 y 15,6% capital total
Los ingresos netos por intereses alcanzaron 236,0 millones de dólares, con un margen neto de intereses del 3,19%. La compañía registró una provisión para pérdidas crediticias de 17,0 millones de dólares, que refleja 9,8 millones en cargos netos y un aumento en préstamos criticados. Durante el primer trimestre de 2025, TCBI recompró 396.106 acciones a un precio promedio de 78,25 dólares por acción, por un total de 31,2 millones de dólares.
Texas Capital Bancshares (NASDAQ: TCBI)는 2025년 1분기 실적으로 순이익 4,700만 달러와 희석 주당순이익 0.92달러를 보고했습니다. 주요 재무 하이라이트는 다음과 같습니다:
- 총 예금이 전년 대비 9% 증가하여 260억 5천만 달러 기록
- 총 대출이 전년 대비 7% 증가하여 223억 8천만 달러 기록
- 장부가치 및 유형장부가치 모두 전년 대비 11% 상승
- CET1 비율 11.6%, 총 자본 비율 15.6%로 견고한 자본 구조 유지
순이자수익은 2억 3,600만 달러에 달했으며, 순이자마진은 3.19%였습니다. 회사는 1,700만 달러의 대손충당금을 설정했으며, 이는 980만 달러의 순대손상각과 증가한 비판적 대출을 반영합니다. 2025년 1분기 동안 TCBI는 주당 평균 78.25달러에 396,106주를 재매입하여 총 3,120만 달러를 지출했습니다.
Texas Capital Bancshares (NASDAQ : TCBI) a publié ses résultats du premier trimestre 2025 avec un bénéfice net de 47,0 millions de dollars et un bénéfice par action dilué de 0,92 dollar. Points financiers clés :
- Les dépôts totaux ont augmenté de 9 % en glissement annuel pour atteindre 26,05 milliards de dollars
- Les prêts totaux ont progressé de 7 % en glissement annuel pour atteindre 22,38 milliards de dollars
- La valeur comptable et la valeur comptable tangible ont toutes deux augmenté de 11 % en glissement annuel
- Ratios de capital solides avec un CET1 à 11,6 % et un capital total à 15,6 %
Le produit net d’intérêts a atteint 236,0 millions de dollars, avec une marge nette d’intérêts de 3,19 %. La société a constitué une provision pour pertes sur créances de 17,0 millions de dollars, reflétant 9,8 millions de dollars de dépréciations nettes et une augmentation des prêts critiqués. Au cours du premier trimestre 2025, TCBI a racheté 396 106 actions à un prix moyen de 78,25 dollars par action, pour un total de 31,2 millions de dollars.
Texas Capital Bancshares (NASDAQ: TCBI) meldete die Ergebnisse für das erste Quartal 2025 mit einem Nettogewinn von 47,0 Millionen US-Dollar und einem verwässerten Gewinn je Aktie von 0,92 US-Dollar. Wichtige finanzielle Highlights umfassen:
- Gesamteinlagen stiegen im Jahresvergleich um 9 % auf 26,05 Milliarden US-Dollar
- Gesamtkredite wuchsen im Jahresvergleich um 7 % auf 22,38 Milliarden US-Dollar
- Buchwert und materieller Buchwert jeweils um 11 % im Jahresvergleich gestiegen
- Starke Kapitalquoten mit 11,6 % CET1 und 15,6 % Gesamtkapital
Der Nettozinsertrag erreichte 236,0 Millionen US-Dollar bei einer Nettozinsmarge von 3,19 %. Das Unternehmen bildete eine Rückstellung für Kreditausfälle in Höhe von 17,0 Millionen US-Dollar, die 9,8 Millionen US-Dollar an Nettoabschreibungen und gestiegene kritische Kredite widerspiegelt. Im ersten Quartal 2025 kaufte TCBI 396.106 Aktien zu einem durchschnittlichen Preis von 78,25 US-Dollar pro Aktie zurück, insgesamt 31,2 Millionen US-Dollar.
- Total deposits increased 9% year-over-year
- Total loans grew 7% year-over-year
- Book Value and Tangible Book Value both up 11% year-over-year
- Net income doubled from Q1 2024 ($21.8M to $42.7M)
- Net interest margin improved to 3.19%, up 16 basis points YoY
- Net income declined 36% from Q4 2024 ($66.7M to $42.7M)
- Criticized loans increased to $762.9M from $714.0M in Q4 2024
- $9.8M in net charge-offs recorded
- Non-interest expense increased 18% compared to Q4 2024
- Investment banking and advisory fees decreased
Insights
TCBI shows strong YoY growth with doubled EPS and improved balance sheet metrics, though sequential performance declined from Q4.
Texas Capital's Q1 2025 results reveal a significant year-over-year improvement in profitability, with EPS doubling from
The bank's balance sheet shows robust health with total deposits up
Capital ratios remain strong with
Credit quality metrics present a mixed picture. While net charge-offs decreased slightly year-over-year to
When comparing to Q4 2024, however, performance softened considerably with net income declining
The net interest margin improvement of 26 basis points sequentially to
TCBI demonstrates resilient banking fundamentals with expanding NIM, strengthened capital position, and consistent year-over-year growth trajectory.
Looking at Texas Capital's core banking performance, the expanding net interest margin of
The reduction in deposit costs by 21 basis points year-over-year and 5 basis points sequentially shows management's success in deposit repricing strategies. The
Asset quality metrics remain manageable. Non-accrual loans represent just
TCBI's commercial loan growth of
The sequential earnings decline requires context – Q1 is typically impacted by seasonal payroll costs that peak in the first quarter, while the reduced investment banking fees reflect normal capital markets volatility rather than fundamental weakness. The revenue diversification efforts are evident with increases in service charges, trading income, and other non-interest income channels.
Looking at efficiency, the increased technology investments are strategic rather than concerning, positioning the bank for improved operational capabilities. The management's commentary about meeting financial targets in the second half of 2025 suggests confidence in the underlying business momentum despite the sequential quarterly fluctuations.
First quarter 2025 net income of
stockholders of
Strong balance sheet growth with total deposits increasing
Book Value and Tangible Book Value(1) per share both increasing
Capital ratios continue to be strong, including
DALLAS, April 17, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the first quarter of 2025.
“We continue to leverage our diversified product suite and financially resilient balance sheet to effectively support our clients’ objectives,” said Rob C. Holmes, Chairman, President & CEO. “With significant year-over-year improvements to many key financial and operating metrics, we remain focused on achieving published financial targets in the back-half of this year.”
| 1st Quarter | 4th Quarter | 1st Quarter | |||||||||
| (dollars in thousands except per share data) | 2025 | 2024 | 2024 | ||||||||
| OPERATING RESULTS | |||||||||||
| Net income | $ | 47,047 | $ | 71,023 | $ | 26,142 | |||||
| Net income available to common stockholders | $ | 42,734 | $ | 66,711 | $ | 21,829 | |||||
| Pre-provision net revenue(3) | $ | 77,458 | $ | 111,522 | $ | 53,935 | |||||
| Diluted earnings per common share | $ | 0.92 | $ | 1.43 | $ | 0.46 | |||||
| Diluted common shares | 46,616,704 | 46,770,961 | 47,711,192 | ||||||||
| Return on average assets | 0.61 | % | 0.88 | % | 0.36 | % | |||||
| Return on average common equity | 5.56 | % | 8.50 | % | 3.03 | % | |||||
| OPERATING RESULTS, ADJUSTED(2) | |||||||||||
| Net income | $ | 47,047 | $ | 71,023 | $ | 33,898 | |||||
| Net income available to common stockholders | $ | 42,734 | $ | 66,711 | $ | 29,585 | |||||
| Pre-provision net revenue(3) | $ | 77,458 | $ | 111,522 | $ | 63,953 | |||||
| Diluted earnings per common share | $ | 0.92 | $ | 1.43 | $ | 0.62 | |||||
| Diluted common shares | 46,616,704 | 46,770,961 | 47,711,192 | ||||||||
| Return on average assets | 0.61 | % | 0.88 | % | 0.47 | % | |||||
| Return on average common equity | 5.56 | % | 8.50 | % | 4.11 | % | |||||
| BALANCE SHEET | |||||||||||
| Loans held for investment | $ | 17,654,243 | $ | 17,234,492 | $ | 16,677,691 | |||||
| Loans held for investment, mortgage finance | 4,725,541 | 5,215,574 | 4,153,313 | ||||||||
| Total loans held for investment | 22,379,784 | 22,450,066 | 20,831,004 | ||||||||
| Loans held for sale | — | — | 37,750 | ||||||||
| Total assets | 31,375,749 | 30,731,883 | 29,180,585 | ||||||||
| Non-interest bearing deposits | 7,874,780 | 7,485,428 | 8,478,215 | ||||||||
| Total deposits | 26,053,034 | 25,238,599 | 23,954,037 | ||||||||
| Stockholders’ equity | 3,429,774 | 3,367,936 | 3,170,662 | ||||||||
(1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
(2) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.
(3) Net interest income plus non-interest income, less non-interest expense.
FIRST QUARTER 2025 COMPARED TO FOURTH QUARTER 2024
For the first quarter of 2025, net income available to common stockholders was
Provision for credit losses for the first quarter of 2025 was
Net interest income was
Non-interest income for the first quarter of 2025 decreased
Non-interest expense for the first quarter of 2025 increased
FIRST QUARTER 2025 COMPARED TO FIRST QUARTER 2024
Net income available to common stockholders was
The first quarter of 2025 included a
Net interest income increased to
Non-interest income for the first quarter of 2025 increased
Non-interest expense for the first quarter of 2025 increased
CREDIT QUALITY
Net charge-offs of
REGULATORY RATIOS AND CAPITAL
All regulatory ratios continue to be in excess of “well capitalized” requirements as of March 31, 2025. CET1, tier 1 capital, total capital and leverage ratios were
During the first quarter of 2025, the Company repurchased 396,106 shares of its common stock for an aggregate purchase price, including excise tax expense, of
About Texas Capital Bancshares, Inc.
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities.
Forward Looking Statements
This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.
Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global conflict (including those already reported by the media, as well as others that may arise), or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.
| TEXAS CAPITAL BANCSHARES, INC. | |||||||||||||||
| SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED) | |||||||||||||||
| (dollars in thousands except per share data) | |||||||||||||||
| 1st Quarter | 4th Quarter | 3rd Quarter | 2nd Quarter | 1st Quarter | |||||||||||
| 2025 | 2024 | 2024 | 2024 | 2024 | |||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | |||||||||||||||
| Interest income | $ | 427,289 | $ | 437,571 | $ | 452,533 | $ | 422,068 | $ | 417,378 | |||||
| Interest expense | 191,255 | 207,964 | 212,431 | 205,486 | 202,369 | ||||||||||
| Net interest income | 236,034 | 229,607 | 240,102 | 216,582 | 215,009 | ||||||||||
| Provision for credit losses | 17,000 | 18,000 | 10,000 | 20,000 | 19,000 | ||||||||||
| Net interest income after provision for credit losses | 219,034 | 211,607 | 230,102 | 196,582 | 196,009 | ||||||||||
| Non-interest income | 44,444 | 54,074 | (114,771 | ) | 50,424 | 41,319 | |||||||||
| Non-interest expense | 203,020 | 172,159 | 195,324 | 188,409 | 202,393 | ||||||||||
| Income/(loss) before income taxes | 60,458 | 93,522 | (79,993 | ) | 58,597 | 34,935 | |||||||||
| Income tax expense/(benefit) | 13,411 | 22,499 | (18,674 | ) | 16,935 | 8,793 | |||||||||
| Net income/(loss) | 47,047 | 71,023 | (61,319 | ) | 41,662 | 26,142 | |||||||||
| Preferred stock dividends | 4,313 | 4,312 | 4,313 | 4,312 | 4,313 | ||||||||||
| Net income/(loss) available to common stockholders | $ | 42,734 | $ | 66,711 | $ | (65,632 | ) | $ | 37,350 | $ | 21,829 | ||||
| Diluted earnings/(loss) per common share | $ | 0.92 | $ | 1.43 | $ | (1.41 | ) | $ | 0.80 | $ | 0.46 | ||||
| Diluted common shares | 46,616,704 | 46,770,961 | 46,608,742 | 46,872,498 | 47,711,192 | ||||||||||
| CONSOLIDATED BALANCE SHEET DATA | |||||||||||||||
| Total assets | $ | 31,375,749 | $ | 30,731,883 | $ | 31,629,299 | $ | 29,854,994 | $ | 29,180,585 | |||||
| Loans held for investment | 17,654,243 | 17,234,492 | 16,764,512 | 16,700,569 | 16,677,691 | ||||||||||
| Loans held for investment, mortgage finance | 4,725,541 | 5,215,574 | 5,529,659 | 5,078,161 | 4,153,313 | ||||||||||
| Loans held for sale | — | — | 9,022 | 36,785 | 37,750 | ||||||||||
| Interest bearing cash and cash equivalents | 3,600,969 | 3,012,307 | 3,894,537 | 2,691,352 | 3,148,157 | ||||||||||
| Investment securities | 4,531,219 | 4,396,115 | 4,405,520 | 4,388,976 | 4,414,280 | ||||||||||
| Non-interest bearing deposits | 7,874,780 | 7,485,428 | 9,070,804 | 7,987,715 | 8,478,215 | ||||||||||
| Total deposits | 26,053,034 | 25,238,599 | 25,865,255 | 23,818,327 | 23,954,037 | ||||||||||
| Short-term borrowings | 750,000 | 885,000 | 1,035,000 | 1,675,000 | 750,000 | ||||||||||
| Long-term debt | 660,521 | 660,346 | 660,172 | 659,997 | 859,823 | ||||||||||
| Stockholders’ equity | 3,429,774 | 3,367,936 | 3,354,044 | 3,175,601 | 3,170,662 | ||||||||||
| End of period shares outstanding | 46,024,933 | 46,233,812 | 46,207,757 | 46,188,078 | 46,986,275 | ||||||||||
| Book value per share | $ | 68.00 | $ | 66.36 | $ | 66.09 | $ | 62.26 | $ | 61.10 | |||||
| Tangible book value per share(1) | $ | 67.97 | $ | 66.32 | $ | 66.06 | $ | 62.23 | $ | 61.06 | |||||
| SELECTED FINANCIAL RATIOS | |||||||||||||||
| Net interest margin | 3.19 | % | 2.93 | % | 3.16 | % | 3.01 | % | 3.03 | % | |||||
| Return on average assets | 0.61 | % | 0.88 | % | (0.78 | )% | 0.56 | % | 0.36 | % | |||||
| Return on average assets, adjusted(4) | 0.61 | % | 0.88 | % | 1.00 | % | 0.57 | % | 0.47 | % | |||||
| Return on average common equity | 5.56 | % | 8.50 | % | (8.87 | )% | 5.26 | % | 3.03 | % | |||||
| Return on average common equity, adjusted(4) | 5.56 | % | 8.50 | % | 10.04 | % | 5.31 | % | 4.11 | % | |||||
| Efficiency ratio(2) | 72.4 | % | 60.7 | % | 155.8 | % | 70.6 | % | 79.0 | % | |||||
| Efficiency ratio, adjusted(2)(4) | 72.4 | % | 60.7 | % | 62.3 | % | 70.4 | % | 75.1 | % | |||||
| Non-interest income to average earning assets | 0.60 | % | 0.69 | % | (1.52 | )% | 0.71 | % | 0.59 | % | |||||
| Non-interest income to average earning assets, adjusted(4) | 0.60 | % | 0.69 | % | 0.86 | % | 0.71 | % | 0.59 | % | |||||
| Non-interest expense to average earning assets | 2.75 | % | 2.21 | % | 2.59 | % | 2.65 | % | 2.89 | % | |||||
| Non-interest expense to average earning assets, adjusted(4) | 2.75 | % | 2.21 | % | 2.52 | % | 2.65 | % | 2.74 | % | |||||
| Common equity to total assets | 10.0 | % | 10.0 | % | 9.7 | % | 9.6 | % | 9.8 | % | |||||
| Tangible common equity to total tangible assets(3) | 10.0 | % | 10.0 | % | 9.7 | % | 9.6 | % | 9.8 | % | |||||
| Common Equity Tier 1 | 11.6 | % | 11.4 | % | 11.2 | % | 11.6 | % | 12.4 | % | |||||
| Tier 1 capital | 13.1 | % | 12.8 | % | 12.6 | % | 13.1 | % | 13.9 | % | |||||
| Total capital | 15.6 | % | 15.4 | % | 15.2 | % | 15.7 | % | 16.6 | % | |||||
| Leverage | 11.8 | % | 11.3 | % | 11.4 | % | 12.2 | % | 12.4 | % | |||||
(1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
(2) Non-interest expense divided by the sum of net interest income and non-interest income.
(3) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.
(4) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.
| TEXAS CAPITAL BANCSHARES, INC. | |||||||||||||||
| CONSOLIDATED BALANCE SHEETS (UNAUDITED) | |||||||||||||||
| (dollars in thousands) | |||||||||||||||
| March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | |||||||||||
| Assets | |||||||||||||||
| Cash and due from banks | $ | 201,504 | $ | 176,501 | $ | 297,048 | $ | 221,727 | $ | 167,985 | |||||
| Interest bearing cash and cash equivalents | 3,600,969 | 3,012,307 | 3,894,537 | 2,691,352 | 3,148,157 | ||||||||||
| Available-for-sale debt securities | 3,678,378 | 3,524,686 | 3,518,662 | 3,483,231 | 3,491,510 | ||||||||||
| Held-to-maturity debt securities | 779,354 | 796,168 | 812,432 | 831,513 | 849,283 | ||||||||||
| Equity securities | 71,679 | 75,261 | 74,426 | 74,232 | 73,487 | ||||||||||
| Trading securities | 1,808 | — | — | — | — | ||||||||||
| Investment securities | 4,531,219 | 4,396,115 | 4,405,520 | 4,388,976 | 4,414,280 | ||||||||||
| Loans held for sale | — | — | 9,022 | 36,785 | 37,750 | ||||||||||
| Loans held for investment, mortgage finance | 4,725,541 | 5,215,574 | 5,529,659 | 5,078,161 | 4,153,313 | ||||||||||
| Loans held for investment | 17,654,243 | 17,234,492 | 16,764,512 | 16,700,569 | 16,677,691 | ||||||||||
| Less: Allowance for credit losses on loans | 278,379 | 271,709 | 273,143 | 267,297 | 263,962 | ||||||||||
| Loans held for investment, net | 22,101,405 | 22,178,357 | 22,021,028 | 21,511,433 | 20,567,042 | ||||||||||
| Premises and equipment, net | 84,575 | 85,443 | 81,577 | 69,464 | 49,899 | ||||||||||
| Accrued interest receivable and other assets | 854,581 | 881,664 | 919,071 | 933,761 | 793,976 | ||||||||||
| Goodwill and intangibles, net | 1,496 | 1,496 | 1,496 | 1,496 | 1,496 | ||||||||||
| Total assets | $ | 31,375,749 | $ | 30,731,883 | $ | 31,629,299 | $ | 29,854,994 | $ | 29,180,585 | |||||
| Liabilities and Stockholders’ Equity | |||||||||||||||
| Liabilities: | |||||||||||||||
| Non-interest bearing deposits | $ | 7,874,780 | $ | 7,485,428 | $ | 9,070,804 | $ | 7,987,715 | $ | 8,478,215 | |||||
| Interest bearing deposits | 18,178,254 | 17,753,171 | 16,794,451 | 15,830,612 | 15,475,822 | ||||||||||
| Total deposits | 26,053,034 | 25,238,599 | 25,865,255 | 23,818,327 | 23,954,037 | ||||||||||
| Accrued interest payable | 25,270 | 23,680 | 18,679 | 23,841 | 32,352 | ||||||||||
| Other liabilities | 457,150 | 556,322 | 696,149 | 502,228 | 413,711 | ||||||||||
| Short-term borrowings | 750,000 | 885,000 | 1,035,000 | 1,675,000 | 750,000 | ||||||||||
| Long-term debt | 660,521 | 660,346 | 660,172 | 659,997 | 859,823 | ||||||||||
| Total liabilities | 27,945,975 | 27,363,947 | 28,275,255 | 26,679,393 | 26,009,923 | ||||||||||
| Stockholders’ equity: | |||||||||||||||
| Preferred stock, $.01 par value, | |||||||||||||||
| Authorized shares - 10,000,000 | |||||||||||||||
| Issued shares(1) | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | ||||||||||
| Common stock, $.01 par value: | |||||||||||||||
| Authorized shares - 100,000,000 | |||||||||||||||
| Issued shares(2) | 517 | 515 | 515 | 515 | 514 | ||||||||||
| Additional paid-in capital | 1,060,028 | 1,056,719 | 1,054,614 | 1,050,114 | 1,044,669 | ||||||||||
| Retained earnings | 2,538,385 | 2,495,651 | 2,428,940 | 2,494,572 | 2,457,222 | ||||||||||
| Treasury stock(3) | (332,994 | ) | (301,842 | ) | (301,868 | ) | (301,868 | ) | (251,857 | ) | |||||
| Accumulated other comprehensive loss, net of taxes | (136,162 | ) | (183,107 | ) | (128,157 | ) | (367,732 | ) | (379,886 | ) | |||||
| Total stockholders’ equity | 3,429,774 | 3,367,936 | 3,354,044 | 3,175,601 | 3,170,662 | ||||||||||
| Total liabilities and stockholders’ equity | $ | 31,375,749 | $ | 30,731,883 | $ | 31,629,299 | $ | 29,854,994 | $ | 29,180,585 | |||||
| (1)Preferred stock - issued shares | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | ||||||||||
| (2)Common stock - issued shares | 51,707,542 | 51,520,315 | 51,494,260 | 51,474,581 | 51,420,680 | ||||||||||
| (3)Treasury stock - shares at cost | 5,682,609 | 5,286,503 | 5,286,503 | 5,286,503 | 4,434,405 | ||||||||||
| TEXAS CAPITAL BANCSHARES, INC. | ||||
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | ||||
| (dollars in thousands except per share data) | ||||
| Three Months Ended March 31, | ||||
| 2025 | 2024 | |||
| Interest income | ||||
| Interest and fees on loans | $ | 334,150 | $ | 330,879 |
| Investment securities | 46,565 | 32,144 | ||
| Interest bearing cash and cash equivalents | 46,574 | 54,355 | ||
| Total interest income | 427,289 | 417,378 | ||
| Interest expense | ||||
| Deposits | 174,936 | 175,600 | ||
| Short-term borrowings | 8,246 | 12,783 | ||
| Long-term debt | 8,073 | 13,986 | ||
| Total interest expense | 191,255 | 202,369 | ||
| Net interest income | 236,034 | 215,009 | ||
| Provision for credit losses | 17,000 | 19,000 | ||
| Net interest income after provision for credit losses | 219,034 | 196,009 | ||
| Non-interest income | ||||
| Service charges on deposit accounts | 7,840 | 6,339 | ||
| Wealth management and trust fee income | 3,964 | 3,567 | ||
| Brokered loan fees | 1,949 | 1,911 | ||
| Investment banking and advisory fees | 16,478 | 18,424 | ||
| Trading income | 5,939 | 4,712 | ||
| Other | 8,274 | 6,366 | ||
| Total non-interest income | 44,444 | 41,319 | ||
| Non-interest expense | ||||
| Salaries and benefits | 131,641 | 128,727 | ||
| Occupancy expense | 10,844 | 9,737 | ||
| Marketing | 5,009 | 6,036 | ||
| Legal and professional | 14,989 | 16,195 | ||
| Communications and technology | 23,642 | 21,114 | ||
| Federal Deposit Insurance Corporation insurance assessment | 5,341 | 8,421 | ||
| Other | 11,554 | 12,163 | ||
| Total non-interest expense | 203,020 | 202,393 | ||
| Income before income taxes | 60,458 | 34,935 | ||
| Income tax expense | 13,411 | 8,793 | ||
| Net income | 47,047 | 26,142 | ||
| Preferred stock dividends | 4,313 | 4,313 | ||
| Net income available to common stockholders | $ | 42,734 | $ | 21,829 |
| Basic earnings per common share | $ | 0.93 | $ | 0.46 |
| Diluted earnings per common share | $ | 0.92 | $ | 0.46 |
| TEXAS CAPITAL BANCSHARES, INC. | |||||||||||||||
| SUMMARY OF CREDIT LOSS EXPERIENCE | |||||||||||||||
| (dollars in thousands) | |||||||||||||||
| 1st Quarter | 4th Quarter | 3rd Quarter | 2nd Quarter | 1st Quarter | |||||||||||
| 2025 | 2024 | 2024 | 2024 | 2024 | |||||||||||
| Allowance for credit losses on loans: | |||||||||||||||
| Beginning balance | $ | 271,709 | $ | 273,143 | $ | 267,297 | $ | 263,962 | $ | 249,973 | |||||
| Allowance established for acquired purchase credit deterioration loans | — | — | 2,579 | — | — | ||||||||||
| Loans charged-off: | |||||||||||||||
| Commercial | 10,197 | 14,100 | 6,120 | 9,997 | 7,544 | ||||||||||
| Commercial real estate | 500 | 2,566 | 262 | 2,111 | 3,325 | ||||||||||
| Consumer | — | — | 30 | — | — | ||||||||||
| Total charge-offs | 10,697 | 16,666 | 6,412 | 12,108 | 10,869 | ||||||||||
| Recoveries: | |||||||||||||||
| Commercial | 483 | 4,562 | 329 | 153 | 105 | ||||||||||
| Commercial real estate | 413 | 18 | — | — | — | ||||||||||
| Consumer | 4 | 15 | — | — | — | ||||||||||
| Total recoveries | 900 | 4,595 | 329 | 153 | 105 | ||||||||||
| Net charge-offs | 9,797 | 12,071 | 6,083 | 11,955 | 10,764 | ||||||||||
| Provision for credit losses on loans | 16,467 | 10,637 | 9,350 | 15,290 | 24,753 | ||||||||||
| Ending balance | $ | 278,379 | $ | 271,709 | $ | 273,143 | $ | 267,297 | $ | 263,962 | |||||
| Allowance for off-balance sheet credit losses: | |||||||||||||||
| Beginning balance | $ | 53,332 | $ | 45,969 | $ | 45,319 | $ | 40,609 | $ | 46,362 | |||||
| Provision for off-balance sheet credit losses | 533 | 7,363 | 650 | 4,710 | (5,753 | ) | |||||||||
| Ending balance | $ | 53,865 | $ | 53,332 | $ | 45,969 | $ | 45,319 | $ | 40,609 | |||||
| Total allowance for credit losses | $ | 332,244 | $ | 325,041 | $ | 319,112 | $ | 312,616 | $ | 304,571 | |||||
| Total provision for credit losses | $ | 17,000 | $ | 18,000 | $ | 10,000 | $ | 20,000 | $ | 19,000 | |||||
| Allowance for credit losses on loans to total loans held for investment | 1.24 | % | 1.21 | % | 1.23 | % | 1.23 | % | 1.27 | % | |||||
| Allowance for credit losses on loans to average total loans held for investment | 1.29 | % | 1.22 | % | 1.24 | % | 1.27 | % | 1.32 | % | |||||
| Net charge-offs to average total loans held for investment(1) | 0.18 | % | 0.22 | % | 0.11 | % | 0.23 | % | 0.22 | % | |||||
| Net charge-offs to average total loans held for investment for last 12 months(1) | 0.18 | % | 0.19 | % | 0.20 | % | 0.22 | % | 0.20 | % | |||||
| Total provision for credit losses to average total loans held for investment(1) | 0.32 | % | 0.32 | % | 0.18 | % | 0.38 | % | 0.38 | % | |||||
| Total allowance for credit losses to total loans held for investment | 1.48 | % | 1.45 | % | 1.43 | % | 1.44 | % | 1.46 | % | |||||
(1) Interim period ratios are annualized.
| TEXAS CAPITAL BANCSHARES, INC. | |||||||||||||||
| NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS | |||||||||||||||
| (dollars in thousands) | |||||||||||||||
| 1st Quarter | 4th Quarter | 3rd Quarter | 2nd Quarter | 1st Quarter | |||||||||||
| 2025 | 2024 | 2024 | 2024 | 2024 | |||||||||||
| NON-PERFORMING ASSETS | |||||||||||||||
| Non-accrual loans held for investment | $ | 93,565 | $ | 111,165 | $ | 88,960 | $ | 85,021 | $ | 92,849 | |||||
| Non-accrual loans held for sale(1) | — | — | — | — | 9,250 | ||||||||||
| Other real estate owned | — | — | — | — | — | ||||||||||
| Total non-performing assets | $ | 93,565 | $ | 111,165 | $ | 88,960 | $ | 85,021 | $ | 102,099 | |||||
| Non-accrual loans held for investment to total loans held for investment | 0.42 | % | 0.50 | % | 0.40 | % | 0.39 | % | 0.45 | % | |||||
| Total non-performing assets to total assets | 0.30 | % | 0.36 | % | 0.28 | % | 0.28 | % | 0.35 | % | |||||
| Allowance for credit losses on loans to non-accrual loans held for investment | 3.0x | 2.4x | 3.1x | 3.1x | 2.8x | ||||||||||
| Total allowance for credit losses to non-accrual loans held for investment | 3.6x | 2.9x | 3.6x | 3.7x | 3.3x | ||||||||||
| LOANS PAST DUE | |||||||||||||||
| Loans held for investment past due 90 days and still accruing | $ | 791 | $ | 4,265 | $ | 5,281 | $ | 286 | $ | 3,674 | |||||
| Loans held for investment past due 90 days to total loans held for investment | — | % | 0.02 | % | 0.02 | % | — | % | 0.02 | % | |||||
| Loans held for sale past due 90 days and still accruing | $ | — | $ | — | $ | — | $ | 64 | $ | 147 | |||||
| CRITICIZED LOANS | |||||||||||||||
| Criticized loans | $ | 762,887 | $ | 713,951 | $ | 897,727 | $ | 859,671 | $ | 859,539 | |||||
| Criticized loans to total loans held for investment | 3.41 | % | 3.18 | % | 4.03 | % | 3.95 | % | 4.13 | % | |||||
| Special mention loans | $ | 484,165 | $ | 435,626 | $ | 579,802 | $ | 593,305 | $ | 584,528 | |||||
| Special mention loans to total loans held for investment | 2.16 | % | 1.94 | % | 2.60 | % | 2.72 | % | 2.81 | % | |||||
(1) First quarter 2024 includes one non-accrual loan previously reported in loans held for investment that was transferred at fair value to held for sale as of March 31, 2024.
| TEXAS CAPITAL BANCSHARES, INC. | |||||||||||
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | |||||||||||
| (dollars in thousands) | |||||||||||
| 1st Quarter | 4th Quarter | 3rd Quarter | 2nd Quarter | 1st Quarter | |||||||
| 2025 | 2024 | 2024 | 2024 | 2024 | |||||||
| Interest income | |||||||||||
| Interest and fees on loans | $ | 334,150 | $ | 340,388 | $ | 361,407 | $ | 345,251 | $ | 330,879 | |
| Investment securities | 46,565 | 44,102 | 38,389 | 33,584 | 32,144 | ||||||
| Interest bearing deposits in other banks | 46,574 | 53,081 | 52,737 | 43,233 | 54,355 | ||||||
| Total interest income | 427,289 | 437,571 | 452,533 | 422,068 | 417,378 | ||||||
| Interest expense | |||||||||||
| Deposits | 174,936 | 189,061 | 190,255 | 181,280 | 175,600 | ||||||
| Short-term borrowings | 8,246 | 10,678 | 13,784 | 12,749 | 12,783 | ||||||
| Long-term debt | 8,073 | 8,225 | 8,392 | 11,457 | 13,986 | ||||||
| Total interest expense | 191,255 | 207,964 | 212,431 | 205,486 | 202,369 | ||||||
| Net interest income | 236,034 | 229,607 | 240,102 | 216,582 | 215,009 | ||||||
| Provision for credit losses | 17,000 | 18,000 | 10,000 | 20,000 | 19,000 | ||||||
| Net interest income after provision for credit losses | 219,034 | 211,607 | 230,102 | 196,582 | 196,009 | ||||||
| Non-interest income | |||||||||||
| Service charges on deposit accounts | 7,840 | 6,989 | 6,307 | 5,911 | 6,339 | ||||||
| Wealth management and trust fee income | 3,964 | 4,009 | 4,040 | 3,699 | 3,567 | ||||||
| Brokered loan fees | 1,949 | 2,519 | 2,400 | 2,131 | 1,911 | ||||||
| Investment banking and advisory fees | 16,478 | 26,740 | 34,753 | 25,048 | 18,424 | ||||||
| Trading income | 5,939 | 5,487 | 5,786 | 5,650 | 4,712 | ||||||
| Available-for-sale debt securities losses, net | — | — | (179,581 | ) | — | — | |||||
| Other | 8,274 | 8,330 | 11,524 | 7,985 | 6,366 | ||||||
| Total non-interest income | 44,444 | 54,074 | (114,771 | ) | 50,424 | 41,319 | |||||
| Non-interest expense | |||||||||||
| Salaries and benefits | 131,641 | 97,873 | 121,138 | 118,840 | 128,727 | ||||||
| Occupancy expense | 10,844 | 11,926 | 12,937 | 10,666 | 9,737 | ||||||
| Marketing | 5,009 | 4,454 | 5,863 | 5,996 | 6,036 | ||||||
| Legal and professional | 14,989 | 15,180 | 11,135 | 11,273 | 16,195 | ||||||
| Communications and technology | 23,642 | 24,007 | 25,951 | 22,013 | 21,114 | ||||||
| Federal Deposit Insurance Corporation insurance assessment | 5,341 | 4,454 | 4,906 | 5,570 | 8,421 | ||||||
| Other | 11,554 | 14,265 | 13,394 | 14,051 | 12,163 | ||||||
| Total non-interest expense | 203,020 | 172,159 | 195,324 | 188,409 | 202,393 | ||||||
| Income/(loss) before income taxes | 60,458 | 93,522 | (79,993 | ) | 58,597 | 34,935 | |||||
| Income tax expense/(benefit) | 13,411 | 22,499 | (18,674 | ) | 16,935 | 8,793 | |||||
| Net income/(loss) | 47,047 | 71,023 | (61,319 | ) | 41,662 | 26,142 | |||||
| Preferred stock dividends | 4,313 | 4,312 | 4,313 | 4,312 | 4,313 | ||||||
| Net income/(loss) available to common shareholders | $ | 42,734 | $ | 66,711 | $ | (65,632 | ) | $ | 37,350 | $ | 21,829 |
| TEXAS CAPITAL BANCSHARES, INC. | ||||||||||||||||||||
| TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1) | ||||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||
| 1st Quarter 2025 | 4th Quarter 2024 | 1st Quarter 2024 | ||||||||||||||||||
| Average Balance | Income/ Expense | Yield/ Rate | Average Balance | Income/ Expense | Yield/ Rate | Average Balance | Income/ Expense | Yield/ Rate | ||||||||||||
| Assets | ||||||||||||||||||||
| Investment securities(2) | $ | 4,463,876 | $ | 46,565 | 4.10 | % | $ | 4,504,101 | $ | 44,102 | 3.79 | % | $ | 4,299,368 | $ | 32,144 | 2.77 | % | ||
| Interest bearing cash and cash equivalents | 4,255,796 | 46,574 | 4.44 | % | 4,472,772 | 53,081 | 4.72 | % | 4,051,627 | 54,355 | 5.40 | % | ||||||||
| Loans held for sale | 335 | 2 | 2.97 | % | — | — | — | % | 51,164 | 1,184 | 9.31 | % | ||||||||
| Loans held for investment, mortgage finance | 3,972,106 | 38,527 | 3.93 | % | 5,409,980 | 50,685 | 3.73 | % | 3,517,707 | 31,455 | 3.60 | % | ||||||||
| Loans held for investment(3) | 17,527,070 | 296,091 | 6.85 | % | 16,919,925 | 289,916 | 6.82 | % | 16,522,089 | 298,306 | 7.26 | % | ||||||||
| Less: Allowance for credit losses on loans | 272,758 | — | — | % | 272,975 | — | — | 249,936 | — | — | % | |||||||||
| Loans held for investment, net | 21,226,418 | 334,618 | 6.39 | % | 22,056,930 | 340,601 | 6.14 | % | 19,789,860 | 329,761 | 6.70 | % | ||||||||
| Total earning assets | 29,946,425 | 427,759 | 5.76 | % | 31,033,803 | 437,784 | 5.59 | % | 28,192,019 | 417,444 | 5.88 | % | ||||||||
| Cash and other assets | 1,157,184 | 1,178,284 | 1,058,463 | |||||||||||||||||
| Total assets | $ | 31,103,609 | $ | 32,212,087 | $ | 29,250,482 | ||||||||||||||
| Liabilities and Stockholders’ Equity | ||||||||||||||||||||
| Transaction deposits | $ | 2,163,250 | $ | 13,908 | 2.61 | % | $ | 2,141,739 | $ | 15,403 | 2.86 | % | $ | 2,006,493 | $ | 16,858 | 3.38 | % | ||
| Savings deposits | 13,357,243 | 133,577 | 4.06 | % | 12,932,458 | 144,393 | 4.44 | % | 11,409,677 | 136,790 | 4.82 | % | ||||||||
| Time deposits | 2,329,384 | 27,451 | 4.78 | % | 2,331,009 | 29,265 | 4.99 | % | 1,719,325 | 21,952 | 5.14 | % | ||||||||
| Total interest bearing deposits | 17,849,877 | 174,936 | 3.97 | % | 17,405,206 | 189,061 | 4.32 | % | 15,135,495 | 175,600 | 4.67 | % | ||||||||
| Short-term borrowings | 751,500 | 8,246 | 4.45 | % | 883,326 | 10,678 | 4.81 | % | 912,088 | 12,783 | 5.64 | % | ||||||||
| Long-term debt | 660,445 | 8,073 | 4.96 | % | 660,270 | 8,225 | 4.96 | % | 859,509 | 13,986 | 6.54 | % | ||||||||
| Total interest bearing liabilities | 19,261,822 | 191,255 | 4.03 | % | 18,948,802 | 207,964 | 4.37 | % | 16,907,092 | 202,369 | 4.81 | % | ||||||||
| Non-interest bearing deposits | 7,875,244 | 9,319,711 | 8,637,775 | |||||||||||||||||
| Other liabilities | 552,154 | 522,641 | 509,286 | |||||||||||||||||
| Stockholders’ equity | 3,414,389 | 3,420,933 | 3,196,329 | |||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 31,103,609 | $ | 32,212,087 | $ | 29,250,482 | ||||||||||||||
| Net interest income | $ | 236,504 | $ | 229,820 | $ | 215,075 | ||||||||||||||
| Net interest margin | 3.19 | % | 2.93 | % | 3.03 | % | ||||||||||||||
(1) Taxable equivalent rates used where applicable.
(2) Yields on investment securities are calculated using available-for-sale securities at amortized cost.
(3) Average balances include non-accrual loans.
GAAP TO NON-GAAP RECONCILIATIONS
The following items are non-GAAP financial measures: adjusted non-interest income, adjusted non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings/(loss) per common share, adjusted return on average assets, adjusted return on average common equity, adjusted efficiency ratio, adjusted non-interest income to average earning assets and adjusted non-interest expense to average earning assets. These are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The table below provides a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.
These non-GAAP financial measures are adjusted for certain items, listed below, that management believes are non-operating in nature and not representative of its actual operating performance. Management believes that these non-GAAP financial measures provide meaningful additional information about Texas Capital Bancshares, Inc. to assist management and investors in evaluating operating results, financial strength, business performance and capital position. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. As such, these non-GAAP financial measures should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP.
| Reconciliation of Non-GAAP Financial Measures | |||||||||||||||
| (dollars in thousands except per share data) | 1st Quarter 2025 | 4th Quarter 2024 | 3rd Quarter 2024 | 2nd Quarter 2024 | 1st Quarter 2024 | ||||||||||
| Net interest income | $ | 236,034 | $ | 229,607 | $ | 240,102 | $ | 216,582 | $ | 215,009 | |||||
| Non-interest income | 44,444 | 54,074 | (114,771 | ) | 50,424 | 41,319 | |||||||||
| Available-for-sale debt securities losses, net | — | — | 179,581 | — | — | ||||||||||
| Non-interest income, adjusted | 44,444 | 54,074 | 64,810 | 50,424 | 41,319 | ||||||||||
| Non-interest expense | 203,020 | 172,159 | 195,324 | 188,409 | 202,393 | ||||||||||
| FDIC special assessment | — | — | 651 | (462 | ) | (3,000 | ) | ||||||||
| Restructuring expenses | — | — | (5,923 | ) | — | (2,018 | ) | ||||||||
| Legal Settlement | — | — | — | — | (5,000 | ) | |||||||||
| Non-interest expense, adjusted | 203,020 | 172,159 | 190,052 | 187,947 | 192,375 | ||||||||||
| Provision for credit losses | 17,000 | 18,000 | 10,000 | 20,000 | 19,000 | ||||||||||
| Income tax expense/(benefit) | 13,411 | 22,499 | (18,674 | ) | 16,935 | 8,793 | |||||||||
| Tax effect of adjustments | — | — | 44,880 | 104 | 2,262 | ||||||||||
| Income tax expense/(benefit), adjusted | 13,411 | 22,499 | 26,206 | 17,039 | 11,055 | ||||||||||
| Net income/(loss)(1) | $ | 47,047 | $ | 71,023 | $ | (61,319 | ) | $ | 41,662 | $ | 26,142 | ||||
| Net income/(loss), adjusted(1) | $ | 47,047 | $ | 71,023 | $ | 78,654 | $ | 42,020 | $ | 33,898 | |||||
| Preferred stock dividends | 4,313 | 4,312 | 4,313 | 4,312 | 4,313 | ||||||||||
| Net income/(loss) to common stockholders(2) | $ | 42,734 | $ | 66,711 | $ | (65,632 | ) | $ | 37,350 | $ | 21,829 | ||||
| Net income/(loss) to common stockholders, adjusted(2) | $ | 42,734 | $ | 66,711 | $ | 74,341 | $ | 37,708 | $ | 29,585 | |||||
| PPNR(3) | $ | 77,458 | $ | 111,522 | $ | (69,993 | ) | $ | 78,597 | $ | 53,935 | ||||
| PPNR(3), adjusted | $ | 77,458 | $ | 111,522 | $ | 114,860 | $ | 79,059 | $ | 63,953 | |||||
| Weighted average common shares outstanding, diluted | 46,616,704 | 46,770,961 | 46,608,742 | 46,872,498 | 47,711,192 | ||||||||||
| Diluted earnings/(loss) per common share | $ | 0.92 | $ | 1.43 | $ | (1.41 | ) | $ | 0.80 | $ | 0.46 | ||||
| Diluted earnings/(loss) per common share, adjusted | $ | 0.92 | $ | 1.43 | $ | 1.59 | $ | 0.80 | $ | 0.62 | |||||
| Average total assets | $ | 31,103,609 | $ | 32,212,087 | $ | 31,215,173 | $ | 29,750,852 | $ | 29,250,482 | |||||
| Return on average assets | 0.61 | % | 0.88 | % | (0.78 | )% | 0.56 | % | 0.36 | % | |||||
| Return on average assets, adjusted | 0.61 | % | 0.88 | % | 1.00 | % | 0.57 | % | 0.47 | % | |||||
| Average common equity | $ | 3,114,389 | $ | 3,120,933 | $ | 2,945,238 | $ | 2,857,661 | $ | 2,896,329 | |||||
| Return on average common equity | 5.56 | % | 8.50 | % | (8.87 | )% | 5.26 | % | 3.03 | % | |||||
| Return on average common equity, adjusted | 5.56 | % | 8.50 | % | 10.04 | % | 5.31 | % | 4.11 | % | |||||
| Efficiency ratio(4) | 72.4 | % | 60.7 | % | 155.8 | % | 70.6 | % | 79.0 | % | |||||
| Efficiency ratio, adjusted(4) | 72.4 | % | 60.7 | % | 62.3 | % | 70.4 | % | 75.1 | % | |||||
| Average earning assets | $ | 29,946,425 | $ | 31,033,803 | $ | 29,975,318 | $ | 28,573,791 | $ | 28,192,019 | |||||
| Non-interest income to average earning assets | 0.60 | % | 0.69 | % | (1.52 | )% | 0.71 | % | 0.59 | % | |||||
| Non-interest income to average earning assets, adjusted | 0.60 | % | 0.69 | % | 0.86 | % | 0.71 | % | 0.59 | % | |||||
| Non-interest expense to average earning assets | 2.75 | % | 2.21 | % | 2.59 | % | 2.65 | % | 2.89 | % | |||||
| Non-interest expense to average earning assets, adjusted | 2.75 | % | 2.21 | % | 2.52 | % | 2.65 | % | 2.74 | % | |||||
(1) Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense/(benefit). On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted, provision for credit losses and income tax expense/(benefit), adjusted.
(2) Net income/(loss), less preferred stock dividends. On an adjusted basis, net income/(loss), adjusted, less preferred stock dividends.
(3) Net interest income plus non-interest income, less non-interest expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted.
(4) Non-interest expense divided by the sum of net interest income and non-interest income. On an adjusted basis, non-interest expense, adjusted, divided by the sum of net interest income and non-interest income, adjusted.
INVESTOR CONTACT Jocelyn Kukulka, 469.399.8544 jocelyn.kukulka@texascapitalbank.com MEDIA CONTACT Julia Monter, 469.399.8425 julia.monter@texascapitalbank.com
FAQ
What were TCBI's key financial metrics for Q1 2025?
How did TCBI's Q1 2025 earnings compare to previous quarters?
What is TCBI's credit quality status in Q1 2025?
How much stock did TCBI repurchase in Q1 2025?
What are TCBI's current capital ratios?
