Texas Capital Bancshares, Inc. Announces Third Quarter 2025 Results
Texas Capital Bancshares (NASDAQ: TCBI) reported third quarter 2025 results on October 22, 2025 with record-level results. Net income was $105.2 million and net income available to common stockholders was $100.9 million, producing diluted EPS of $2.18. Return on average assets was 1.30%. Total loans held for investment rose to $24.19 billion and total deposits increased to $27.51 billion. Capital strengthened: CET1 12.1%, Total Capital 16.1% and tangible common equity ratio 10.3%. The quarter included $12.0 million provision for credit losses and $13.7 million net charge-offs.
Texas Capital Bancshares ( NASDAQ: TCBI ) ha riportato i risultati del terzo trimestre 2025 il 22 ottobre 2025 con risultati a livelli record. L'utile netto è stato $105,2 milioni e l'utile netto disponibile per gli azionisti comuni è stato $100,9 milioni, producendo un utile per azione diluito di $2,18. Il rendimento medio sugli attivi è stato 1,30%. I prestiti totali detenuti a investimenti sono aumentati a $24,19 miliardi e i depositi totali sono aumentati a $27,51 miliardi. Il capitale si è rafforzato: CET1 12,1%, Capitale Totale 16,1% e il rapporto di patrimonio comune tangibile 10,3%. Il trimestre ha incluso $12,0 milioni di accantonamenti per perdite su crediti e $13,7 milioni di insoluti netti.
Texas Capital Bancshares (NASDAQ: TCBI) reportó resultados del tercer trimestre de 2025 el 22 de octubre de 2025 con resultados récord. El ingreso neto fue $105.2 millones y el ingreso neto disponible para los accionistas comunes fue $100.9 millones, produciendo un BPA diluido de $2.18. El rendimiento sobre activos promedio fue 1.30%. Los préstamos totales mantenidos para inversión aumentaron a $24.19 mil millones y los depósitos totales aumentaron a $27.51 mil millones. El capital se fortaleció: CET1 12.1%, Capital Total 16.1% y la relación de patrimonio común tangible 10.3%. El trimestre incluyó $12.0 millones de provisión para pérdidas crediticias y $13.7 millones de cargos netos por pérdidas.
Texas Capital Bancshares(NASDAQ: TCBI)는 2025년 10월 22일 분기 3분기 실적을 기록적으로 발표했습니다. 순이익은 $105.2백만이고 보통주주에게 귀속되는 순이익은 $100.9백만, 희석된 주당순이익은 $2.18입니다. 평균 자산수익률은 1.30%였습니다. 투자자산으로 보유한 총 대출은 $24.19십억로 증가했고 총 예금은 $27.51십억로 증가했습니다. 자본은 강화되었습니다: CET1 12.1%, 총자본 16.1% 및 실질자본비율 10.3%. 분기에는 $12.0백만의 신용손실충당금과 $13.7백만의 순손실충당이 포함되었습니다.
Texas Capital Bancshares (NASDAQ: TCBI) a rapporté les résultats du troisième trimestre 2025 le 22 octobre 2025 avec des résultats records. Le bénéfice net s'élevait à $105,2 millions et le bénéfice net disponible pour les actionnaires ordinaires était $100,9 millions, produisant un bénéfice par action dilué de $2,18. Le rendement sur actifs moyens était de 1,30%. Les prêts totaux détenus à des fins d'investissement ont augmenté à $24,19 milliards et les dépôts totaux ont augmenté à $27,51 milliards. Le capital s'est renforcé : CET1 12,1%, Capital total 16,1% et le ratio d'équité tangible ordinaire 10,3%. Le trimestre comprenait $12,0 millions de provision pour pertes sur crédits et $13,7 millions de pertes nettes sur créances.
Texas Capital Bancshares (NASDAQ: TCBI) berichtete am 22. Oktober 2025 über die Ergebnisse des dritten Quartals 2025 mit Rekordwerten. Das Nettoeinkommen betrug $105,2 Millionen und das Nettoergebnis, das den Stammaktionären zusteht, betrug $100,9 Millionen, was zu verwässertem Ergebnis je Aktie von $2,18 führte. Die Rendite auf durchschnittliche Vermögenswerte betrug 1,30%. Die für Investitionen gehaltenen Gesamtdarlehen stiegen auf $24,19 Milliarden, und die Gesamteinlagen erhöhten sich auf $27,51 Milliarden. Kapital gestärkt: CET1 12,1%, Gesamtkapital 16,1% und das greifbare Eigenkapitalverhältnis 10,3%. Das Quartal enthielt $12,0 Millionen Rückstellungen für Verluste aus Krediten und $13,7 Millionen Nettoabschreibungen.
Texas Capital Bancshares (NASDAQ: TCBI) أبلغت عن نتائج الربع الثالث من عام 2025 في 22 أكتوبر 2025 مع نتائج عند مستوى قياسي. بلغ صافي الدخل $105.2 مليون وصافي الدخل المتاح للمساهمين العاديين $100.9 مليون، محققًا ربحية السهم المخفّضة قدرها $2.18. العائد على الأصول المتوسطة كان 1.30%. ارتفعت القروض الاستثمارية الإجمالية المملوكة إلى $24.19 مليار وتزايدت الودائع الإجمالية إلى $27.51 مليار. تقوّى رأس المال: CET1 12.1%, رأس المال الإجمالي 16.1% ونسبة حقوق الملكية العينية الملموسة 10.3%. شمل الربع احتياطيًا مقداره $12.0 مليون للمخصصات لخسائر الائتمان و $13.7 مليون صافي حالات الشطب.
Texas Capital Bancshares (NASDAQ: TCBI) 于2025年10月22日公布了2025年第三季度的业绩，创下纪录水平。净利润为$105.2百万，普通股股东应享净利润为$100.9百万，摊薄每股收益为$2.18。平均资产回报率为1.30%。用于投资的总贷款上升至$24.19十亿美元，总存款上升至$27.51十亿美元。资本得到强化：CET1 12.1%，总资本率为16.1%，有形普通股权益比率为10.3%。本季度包含$12.0百万信用损失准备金和$13.7百万净减值拨备。
- Net income of $105.2 million (3Q25)
- Diluted EPS $2.18 (record-level, 3Q25)
- ROAA 1.30% (3Q25)
- Total deposits increased to $27.505 billion (3Q25, up from $26.064 billion)
- CET1 ratio improved to 12.1% (9/30/2025)
- Net charge-offs of $13.7 million (3Q25)
- Provision for credit losses of $12.0 million in 3Q25
Insights
Record quarterly profit, stronger capital and margin expansion point to materially improved franchise profitability.
Texas Capital reported record net income of
Capital and credit metrics strengthened: CET1 improved to
Third quarter 2025 ROAA of
Record-level net income of
of
Record-level Book Value and record-level Tangible Book Value(2) per share of
Growth in capital ratios continues, achieving
DALLAS, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the third quarter of 2025.
“Texas Capital delivered both the strategic and financial outcomes we set in our Strategic Update on September 1, 2021, resulting in the most successful bank transformation in the last 20 years, structurally elevating our earnings power and achieving industry-leading growth in fee income, return on assets and balance sheet resilience,” said Rob C. Holmes, Chairman, President & CEO. “As we look ahead, our unwavering commitment to clients and proven execution will continue to position us as the flagship financial services firm in Texas, driving long-term value for all stakeholders.”
| 3rd Quarter | 2nd Quarter | 3rd Quarter | |||||||||
| (dollars in thousands except per share data) | 2025 | 2025 | 2024 | ||||||||
| OPERATING RESULTS | |||||||||||
| Net income/(loss) | $ | 105,210 | $ | 77,328 | $ | (61,319 | ) | ||||
| Net income/(loss) available to common stockholders | $ | 100,897 | $ | 73,016 | $ | (65,632 | ) | ||||
| Pre-provision net revenue(3) | $ | 149,779 | $ | 117,188 | $ | (69,993 | ) | ||||
| Diluted earnings/(loss) per common share | $ | 2.18 | $ | 1.58 | $ | (1.41 | ) | ||||
| Diluted common shares | 46,233,167 | 46,215,394 | 46,608,742 | ||||||||
| Return on average assets | 1.30 | % | 0.99 | % | (0.78)% | ||||||
| Return on average common equity | 12.04 | % | 9.17 | % | (8.87)% | ||||||
| OPERATING RESULTS, ADJUSTED(1) | |||||||||||
| Net income | $ | 105,210 | $ | 79,841 | $ | 78,654 | |||||
| Net income available to common stockholders | $ | 100,897 | $ | 75,529 | $ | 74,341 | |||||
| Pre-provision net revenue(3) | $ | 149,779 | $ | 120,475 | $ | 114,860 | |||||
| Diluted earnings per common share | $ | 2.18 | $ | 1.63 | $ | 1.59 | |||||
| Diluted common shares | 46,233,167 | 46,215,394 | 46,608,742 | ||||||||
| Return on average assets | 1.30 | % | 1.02 | % | 1.00 | % | |||||
| Return on average common equity | 12.04 | % | 9.48 | % | 10.04 | % | |||||
| BALANCE SHEET | |||||||||||
| Loans held for investment | $ | 18,134,059 | $ | 18,035,945 | $ | 16,764,512 | |||||
| Loans held for investment, mortgage finance | 6,057,804 | 5,889,589 | 5,529,659 | ||||||||
| Total loans held for investment | 24,191,863 | 23,925,534 | 22,294,171 | ||||||||
| Loans held for sale | — | — | 9,022 | ||||||||
| Total assets | 32,536,980 | 31,943,535 | 31,629,299 | ||||||||
| Non-interest bearing deposits | 7,689,598 | 7,718,006 | 9,070,804 | ||||||||
| Total deposits | 27,505,398 | 26,064,309 | 25,865,255 | ||||||||
| Stockholders’ equity | 3,637,098 | 3,510,070 | 3,354,044 | ||||||||
(1) 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.
(2) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
(3) Net interest income plus non-interest income, less non-interest expense.
THIRD QUARTER 2025 COMPARED TO SECOND QUARTER 2025
For the third quarter of 2025, net income available to common stockholders was
Provision for credit losses for the third quarter of 2025 was
Net interest income was
Non-interest income for the third quarter of 2025 increased
Non-interest expense for the third quarter of 2025 increased
THIRD QUARTER 2025 COMPARED TO THIRD QUARTER 2024
Net income available to common stockholders was
The third quarter of 2025 included a
Net interest income increased to
Non-interest income for the third quarter of 2025 increased
Non-interest expense for the third quarter of 2025 decreased
CREDIT QUALITY
Net charge-offs of
REGULATORY RATIOS AND CAPITAL
All regulatory ratios continue to be in excess of “well capitalized” requirements as of September 30, 2025. CET1, tier 1 capital, total capital and leverage ratios were
During the third quarter of 2025, the Company repurchased 87,087 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. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. Effective September 19, 2025, TCB became a member of the Federal Reserve System. For deposit products, member FDIC. For more information, please visit www.texascapital.com.
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; increased or expanded competition from banks and other financial service providers in TCBI’s markets; 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 or other geopolitical conflicts, 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) | |||||||||||||||
| 3rd Quarter | 2nd Quarter | 1st Quarter | 4th Quarter | 3rd Quarter | |||||||||||
| 2025 | 2025 | 2025 | 2024 | 2024 | |||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | |||||||||||||||
| Interest income | $ | 460,615 | $ | 439,567 | $ | 427,289 | $ | 437,571 | $ | 452,533 | |||||
| Interest expense | 188,844 | 186,172 | 191,255 | 207,964 | 212,431 | ||||||||||
| Net interest income | 271,771 | 253,395 | 236,034 | 229,607 | 240,102 | ||||||||||
| Provision for credit losses | 12,000 | 15,000 | 17,000 | 18,000 | 10,000 | ||||||||||
| Net interest income after provision for credit losses | 259,771 | 238,395 | 219,034 | 211,607 | 230,102 | ||||||||||
| Non-interest income | 68,583 | 54,069 | 44,444 | 54,074 | (114,771 | ) | |||||||||
| Non-interest expense | 190,575 | 190,276 | 203,020 | 172,159 | 195,324 | ||||||||||
| Income/(loss) before income taxes | 137,779 | 102,188 | 60,458 | 93,522 | (79,993 | ) | |||||||||
| Income tax expense/(benefit) | 32,569 | 24,860 | 13,411 | 22,499 | (18,674 | ) | |||||||||
| Net income/(loss) | 105,210 | 77,328 | 47,047 | 71,023 | (61,319 | ) | |||||||||
| Preferred stock dividends | 4,313 | 4,312 | 4,313 | 4,312 | 4,313 | ||||||||||
| Net income/(loss) available to common stockholders | $ | 100,897 | $ | 73,016 | $ | 42,734 | $ | 66,711 | $ | (65,632 | ) | ||||
| Diluted earnings/(loss) per common share | $ | 2.18 | $ | 1.58 | $ | 0.92 | $ | 1.43 | $ | (1.41 | ) | ||||
| Diluted common shares | 46,233,167 | 46,215,394 | 46,616,704 | 46,770,961 | 46,608,742 | ||||||||||
| CONSOLIDATED BALANCE SHEET DATA | |||||||||||||||
| Total assets | $ | 32,536,980 | $ | 31,943,535 | $ | 31,375,749 | $ | 30,731,883 | $ | 31,629,299 | |||||
| Loans held for investment | 18,134,059 | 18,035,945 | 17,654,243 | 17,234,492 | 16,764,512 | ||||||||||
| Loans held for investment, mortgage finance | 6,057,804 | 5,889,589 | 4,725,541 | 5,215,574 | 5,529,659 | ||||||||||
| Loans held for sale | — | — | — | — | 9,022 | ||||||||||
| Interest bearing cash and cash equivalents | 2,852,387 | 2,507,691 | 3,600,969 | 3,012,307 | 3,894,537 | ||||||||||
| Investment securities | 4,601,654 | 4,608,628 | 4,531,219 | 4,396,115 | 4,405,520 | ||||||||||
| Non-interest bearing deposits | 7,689,598 | 7,718,006 | 7,874,780 | 7,485,428 | 9,070,804 | ||||||||||
| Total deposits | 27,505,398 | 26,064,309 | 26,053,034 | 25,238,599 | 25,865,255 | ||||||||||
| Short-term borrowings | 275,000 | 1,250,000 | 750,000 | 885,000 | 1,035,000 | ||||||||||
| Long-term debt | 620,416 | 620,256 | 660,521 | 660,346 | 660,172 | ||||||||||
| Stockholders’ equity | 3,637,098 | 3,510,070 | 3,429,774 | 3,367,936 | 3,354,044 | ||||||||||
| End of period shares outstanding | 45,679,863 | 45,746,836 | 46,024,933 | 46,233,812 | 46,207,757 | ||||||||||
| Book value per share | $ | 73.05 | $ | 70.17 | $ | 68.00 | $ | 66.36 | $ | 66.09 | |||||
| Tangible book value per share(1) | $ | 73.02 | $ | 70.14 | $ | 67.97 | $ | 66.32 | $ | 66.06 | |||||
| SELECTED FINANCIAL RATIOS | |||||||||||||||
| Net interest margin | 3.47 | % | 3.35 | % | 3.19 | % | 2.93 | % | 3.16 | % | |||||
| Return on average assets | 1.30 | % | 0.99 | % | 0.61 | % | 0.88 | % | (0.78)% | ||||||
| Return on average assets, adjusted(4) | 1.30 | % | 1.02 | % | 0.61 | % | 0.88 | % | 1.00 | % | |||||
| Return on average common equity | 12.04 | % | 9.17 | % | 5.56 | % | 8.50 | % | (8.87)% | ||||||
| Return on average common equity, adjusted(4) | 12.04 | % | 9.48 | % | 5.56 | % | 8.50 | % | 10.04 | % | |||||
| Efficiency ratio(2) | 56.0 | % | 61.9 | % | 72.4 | % | 60.7 | % | 155.8 | % | |||||
| Efficiency ratio, adjusted(2)(4) | 56.0 | % | 61.1 | % | 72.4 | % | 60.7 | % | 62.3 | % | |||||
| Non-interest income to average earning assets | 0.88 | % | 0.72 | % | 0.60 | % | 0.69 | % | (1.52)% | ||||||
| Non-interest income to average earning assets, adjusted(4) | 0.88 | % | 0.74 | % | 0.60 | % | 0.69 | % | 0.86 | % | |||||
| Non-interest expense to average earning assets | 2.44 | % | 2.52 | % | 2.75 | % | 2.21 | % | 2.59 | % | |||||
| Non-interest expense to average earning assets, adjusted(4) | 2.44 | % | 2.50 | % | 2.75 | % | 2.21 | % | 2.52 | % | |||||
| Common equity to total assets | 10.3 | % | 10.1 | % | 10.0 | % | 10.0 | % | 9.7 | % | |||||
| Tangible common equity to total tangible assets(3) | 10.3 | % | 10.1 | % | 10.0 | % | 10.0 | % | 9.7 | % | |||||
| Common Equity Tier 1 | 12.1 | % | 11.4 | % | 11.6 | % | 11.4 | % | 11.2 | % | |||||
| Tier 1 capital | 13.6 | % | 12.9 | % | 13.1 | % | 12.8 | % | 12.6 | % | |||||
| Total capital | 16.1 | % | 15.3 | % | 15.6 | % | 15.4 | % | 15.2 | % | |||||
| Leverage | 11.9 | % | 11.8 | % | 11.8 | % | 11.3 | % | 11.4 | % | |||||
(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) | |||||||||||||||
| September 30, 2025 | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | |||||||||||
| Assets | |||||||||||||||
| Cash and due from banks | $ | 212,438 | $ | 182,451 | $ | 201,504 | $ | 176,501 | $ | 297,048 | |||||
| Interest bearing cash and cash equivalents | 2,852,387 | 2,507,691 | 3,600,969 | 3,012,307 | 3,894,537 | ||||||||||
| Available-for-sale debt securities | 3,801,261 | 3,774,141 | 3,678,378 | 3,524,686 | 3,518,662 | ||||||||||
| Held-to-maturity debt securities | 743,120 | 761,907 | 779,354 | 796,168 | 812,432 | ||||||||||
| Equity securities | 55,054 | 68,692 | 71,679 | 75,261 | 74,426 | ||||||||||
| Trading securities | 2,219 | 3,888 | 1,808 | — | — | ||||||||||
| Investment securities | 4,601,654 | 4,608,628 | 4,531,219 | 4,396,115 | 4,405,520 | ||||||||||
| Loans held for sale | — | — | — | — | 9,022 | ||||||||||
| Loans held for investment, mortgage finance | 6,057,804 | 5,889,589 | 4,725,541 | 5,215,574 | 5,529,659 | ||||||||||
| Loans held for investment | 18,134,059 | 18,035,945 | 17,654,243 | 17,234,492 | 16,764,512 | ||||||||||
| Less: Allowance for credit losses on loans | 274,026 | 277,648 | 278,379 | 271,709 | 273,143 | ||||||||||
| Loans held for investment, net | 23,917,837 | 23,647,886 | 22,101,405 | 22,178,357 | 22,021,028 | ||||||||||
| Premises and equipment, net | 88,348 | 86,831 | 84,575 | 85,443 | 81,577 | ||||||||||
| Accrued interest receivable and other assets | 862,820 | 908,552 | 854,581 | 881,664 | 919,071 | ||||||||||
| Goodwill and intangibles, net | 1,496 | 1,496 | 1,496 | 1,496 | 1,496 | ||||||||||
| Total assets | $ | 32,536,980 | $ | 31,943,535 | $ | 31,375,749 | $ | 30,731,883 | $ | 31,629,299 | |||||
| Liabilities and Stockholders’ Equity | |||||||||||||||
| Liabilities: | |||||||||||||||
| Non-interest bearing deposits | $ | 7,689,598 | $ | 7,718,006 | $ | 7,874,780 | $ | 7,485,428 | $ | 9,070,804 | |||||
| Interest bearing deposits | 19,815,800 | 18,346,303 | 18,178,254 | 17,753,171 | 16,794,451 | ||||||||||
| Total deposits | 27,505,398 | 26,064,309 | 26,053,034 | 25,238,599 | 25,865,255 | ||||||||||
| Accrued interest payable | 9,360 | 14,120 | 25,270 | 23,680 | 18,679 | ||||||||||
| Other liabilities | 489,708 | 484,780 | 457,150 | 556,322 | 696,149 | ||||||||||
| Short-term borrowings | 275,000 | 1,250,000 | 750,000 | 885,000 | 1,035,000 | ||||||||||
| Long-term debt | 620,416 | 620,256 | 660,521 | 660,346 | 660,172 | ||||||||||
| Total liabilities | 28,899,882 | 28,433,465 | 27,945,975 | 27,363,947 | 28,275,255 | ||||||||||
| 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) | 518 | 517 | 517 | 515 | 515 | ||||||||||
| Additional paid-in capital | 1,069,582 | 1,065,083 | 1,060,028 | 1,056,719 | 1,054,614 | ||||||||||
| Retained earnings | 2,712,298 | 2,611,401 | 2,538,385 | 2,495,651 | 2,428,940 | ||||||||||
| Treasury stock(3) | (361,076 | ) | (354,000 | ) | (332,994 | ) | (301,842 | ) | (301,868 | ) | |||||
| Accumulated other comprehensive loss, net of taxes | (84,224 | ) | (112,931 | ) | (136,162 | ) | (183,107 | ) | (128,157 | ) | |||||
| Total stockholders’ equity | 3,637,098 | 3,510,070 | 3,429,774 | 3,367,936 | 3,354,044 | ||||||||||
| Total liabilities and stockholders’ equity | $ | 32,536,980 | $ | 31,943,535 | $ | 31,375,749 | $ | 30,731,883 | $ | 31,629,299 | |||||
| (1) Preferred stock - issued shares | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | ||||||||||
| (2) Common stock - issued shares | 51,767,419 | 51,747,305 | 51,707,542 | 51,520,315 | 51,494,260 | ||||||||||
| (3) Treasury stock - shares at cost | 6,087,556 | 6,000,469 | 5,682,609 | 5,286,503 | 5,286,503 | ||||||||||
TEXAS CAPITAL BANCSHARES, INC. | |||||||||||||||||||
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | |||||||||||||||||||
| (dollars in thousands except per share data) | |||||||||||||||||||
| 3rd Quarter 2025 | 2nd Quarter 2025 | 1st Quarter 2025 | 4th Quarter 2024 | 3rd Quarter 2024 | 3rd Quarter YTD 2025 | 3rd Quarter YTD 2024 | |||||||||||||
| Interest income | |||||||||||||||||||
| Interest and fees on loans | $ | 379,017 | $ | 364,358 | $ | 334,150 | $ | 340,388 | $ | 361,407 | $ | 1,077,525 | $ | 1,037,537 | |||||
| Investment securities | 49,396 | 45,991 | 46,565 | 44,102 | 38,389 | 141,952 | 104,117 | ||||||||||||
| Interest bearing cash and cash equivalents | 32,202 | 29,218 | 46,574 | 53,081 | 52,737 | 107,994 | 150,325 | ||||||||||||
| Total interest income | 460,615 | 439,567 | 427,289 | 437,571 | 452,533 | 1,327,471 | 1,291,979 | ||||||||||||
| Interest expense | |||||||||||||||||||
| Deposits | 180,779 | 174,798 | 174,936 | 189,061 | 190,255 | 530,513 | 547,135 | ||||||||||||
| Short-term borrowings | 534 | 3,444 | 8,246 | 10,678 | 13,784 | 12,224 | 39,316 | ||||||||||||
| Long-term debt | 7,531 | 7,930 | 8,073 | 8,225 | 8,392 | 23,534 | 33,835 | ||||||||||||
| Total interest expense | 188,844 | 186,172 | 191,255 | 207,964 | 212,431 | 566,271 | 620,286 | ||||||||||||
| Net interest income | 271,771 | 253,395 | 236,034 | 229,607 | 240,102 | 761,200 | 671,693 | ||||||||||||
| Provision for credit losses | 12,000 | 15,000 | 17,000 | 18,000 | 10,000 | 44,000 | 49,000 | ||||||||||||
| Net interest income after provision for credit losses | 259,771 | 238,395 | 219,034 | 211,607 | 230,102 | 717,200 | 622,693 | ||||||||||||
| Non-interest income | |||||||||||||||||||
| Service charges on deposit accounts | 8,111 | 8,182 | 7,840 | 6,989 | 6,307 | 24,133 | 18,557 | ||||||||||||
| Wealth management and trust fee income | 3,989 | 3,730 | 3,964 | 4,009 | 4,040 | 11,683 | 11,306 | ||||||||||||
| Brokered loan fees | 2,419 | 2,398 | 1,949 | 2,519 | 2,400 | 6,766 | 6,442 | ||||||||||||
| Investment banking and advisory fees | 33,985 | 24,109 | 16,478 | 26,740 | 34,753 | 74,572 | 78,225 | ||||||||||||
| Trading income | 7,238 | 7,896 | 5,939 | 5,487 | 5,786 | 21,073 | 16,148 | ||||||||||||
| Available-for-sale debt securities losses | — | (1,886 | ) | — | — | (179,581 | ) | (1,886 | ) | (179,581 | ) | ||||||||
| Other | 12,841 | 9,640 | 8,274 | 8,330 | 11,524 | 30,755 | 25,875 | ||||||||||||
| Total non-interest income | 68,583 | 54,069 | 44,444 | 54,074 | (114,771 | ) | 167,096 | (23,028 | ) | ||||||||||
| Non-interest expense | |||||||||||||||||||
| Salaries and benefits | 119,856 | 120,154 | 131,641 | 97,873 | 121,138 | 371,651 | 368,705 | ||||||||||||
| Occupancy expense | 11,828 | 12,144 | 10,844 | 11,926 | 12,937 | 34,816 | 33,340 | ||||||||||||
| Marketing | 3,412 | 3,624 | 5,009 | 4,454 | 5,863 | 12,045 | 17,895 | ||||||||||||
| Legal and professional | 12,474 | 11,069 | 14,989 | 15,180 | 11,135 | 38,532 | 38,603 | ||||||||||||
| Communications and technology | 24,594 | 24,314 | 23,642 | 24,007 | 25,951 | 72,550 | 69,078 | ||||||||||||
| Federal Deposit Insurance Corporation insurance assessment | 5,198 | 5,096 | 5,341 | 4,454 | 4,906 | 15,635 | 18,897 | ||||||||||||
| Other | 13,213 | 13,875 | 11,554 | 14,265 | 13,394 | 38,642 | 39,608 | ||||||||||||
| Total non-interest expense | 190,575 | 190,276 | 203,020 | 172,159 | 195,324 | 583,871 | 586,126 | ||||||||||||
| Income/(loss) before income taxes | 137,779 | 102,188 | 60,458 | 93,522 | (79,993 | ) | 300,425 | 13,539 | |||||||||||
| Income tax expense/(benefit) | 32,569 | 24,860 | 13,411 | 22,499 | (18,674 | ) | 70,840 | 7,054 | |||||||||||
| Net income/(loss) | 105,210 | 77,328 | 47,047 | 71,023 | (61,319 | ) | 229,585 | 6,485 | |||||||||||
| Preferred stock dividends | 4,313 | 4,312 | 4,313 | 4,312 | 4,313 | 12,938 | 12,938 | ||||||||||||
| Net income/(loss) available to common stockholders | $ | 100,897 | $ | 73,016 | $ | 42,734 | $ | 66,711 | $ | (65,632 | ) | $ | 216,647 | $ | (6,453 | ) | |||
| Basic earnings/(loss) per common share | $ | 2.21 | $ | 1.59 | $ | 0.93 | $ | 1.44 | $ | (1.42 | ) | $ | 4.72 | $ | (0.14 | ) | |||
| Diluted earnings/(loss) per common share | $ | 2.18 | $ | 1.58 | $ | 0.92 | $ | 1.43 | $ | (1.41 | ) | $ | 4.67 | $ | (0.14 | ) | |||
TEXAS CAPITAL BANCSHARES, INC. | |||||||||||||||
| SUMMARY OF CREDIT LOSS EXPERIENCE | |||||||||||||||
| (dollars in thousands) | |||||||||||||||
| 3rd Quarter | 2nd Quarter | 1st Quarter | 4th Quarter | 3rd Quarter | |||||||||||
| 2025 | 2025 | 2025 | 2024 | 2024 | |||||||||||
| Allowance for credit losses on loans: | |||||||||||||||
| Beginning balance | $ | 277,648 | $ | 278,379 | $ | 271,709 | $ | 273,143 | $ | 267,297 | |||||
| Allowance established for acquired purchase credit deterioration loans | — | — | — | — | 2,579 | ||||||||||
| Loans charged-off: | |||||||||||||||
| Commercial | 13,794 | 13,020 | 10,197 | 14,100 | 6,120 | ||||||||||
| Commercial real estate | — | 431 | 500 | 2,566 | 262 | ||||||||||
| Consumer | — | — | — | — | 30 | ||||||||||
| Total charge-offs | 13,794 | 13,451 | 10,697 | 16,666 | 6,412 | ||||||||||
| Recoveries: | |||||||||||||||
| Commercial | 50 | 486 | 483 | 4,562 | 329 | ||||||||||
| Commercial real estate | — | — | 413 | 18 | — | ||||||||||
| Consumer | 4 | — | 4 | 15 | — | ||||||||||
| Total recoveries | 54 | 486 | 900 | 4,595 | 329 | ||||||||||
| Net charge-offs | 13,740 | 12,965 | 9,797 | 12,071 | 6,083 | ||||||||||
| Provision for credit losses on loans | 10,118 | 12,234 | 16,467 | 10,637 | 9,350 | ||||||||||
| Ending balance | $ | 274,026 | $ | 277,648 | $ | 278,379 | $ | 271,709 | $ | 273,143 | |||||
| Allowance for off-balance sheet credit losses: | |||||||||||||||
| Beginning balance | $ | 56,631 | $ | 53,865 | $ | 53,332 | $ | 45,969 | $ | 45,319 | |||||
| Provision for off-balance sheet credit losses | 1,882 | 2,766 | 533 | 7,363 | 650 | ||||||||||
| Ending balance | $ | 58,513 | $ | 56,631 | $ | 53,865 | $ | 53,332 | $ | 45,969 | |||||
| Total allowance for credit losses | $ | 332,539 | $ | 334,279 | $ | 332,244 | $ | 325,041 | $ | 319,112 | |||||
| Total provision for credit losses | $ | 12,000 | $ | 15,000 | $ | 17,000 | $ | 18,000 | $ | 10,000 | |||||
| Allowance for credit losses on loans to total loans held for investment | 1.13 | % | 1.16 | % | 1.24 | % | 1.21 | % | 1.23 | % | |||||
| Allowance for credit losses on loans to average total loans held for investment | 1.15 | % | 1.19 | % | 1.29 | % | 1.22 | % | 1.24 | % | |||||
| Net charge-offs to average total loans held for investment(1) | 0.23 | % | 0.22 | % | 0.18 | % | 0.22 | % | 0.11 | % | |||||
| Net charge-offs to average total loans held for investment for last 12 months(1) | 0.21 | % | 0.18 | % | 0.18 | % | 0.19 | % | 0.20 | % | |||||
| Total provision for credit losses to average total loans held for investment(1) | 0.20 | % | 0.26 | % | 0.32 | % | 0.32 | % | 0.18 | % | |||||
| Total allowance for credit losses to total loans held for investment | 1.37 | % | 1.40 | % | 1.48 | % | 1.45 | % | 1.43 | % | |||||
(1) Interim period ratios are annualized.
| TEXAS CAPITAL BANCSHARES, INC. | |||||||||||||||
| NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS | |||||||||||||||
| (dollars in thousands) | |||||||||||||||
| 3rd Quarter | 2nd Quarter | 1st Quarter | 4th Quarter | 3rd Quarter | |||||||||||
| 2025 | 2025 | 2025 | 2024 | 2024 | |||||||||||
| NON-PERFORMING ASSETS | |||||||||||||||
| Non-accrual loans held for investment | $ | 96,084 | $ | 113,609 | $ | 93,565 | $ | 111,165 | $ | 88,960 | |||||
| Non-accrual loans held for sale | — | — | — | — | — | ||||||||||
| Other real estate owned | — | — | — | — | — | ||||||||||
| Total non-performing assets | $ | 96,084 | $ | 113,609 | $ | 93,565 | $ | 111,165 | $ | 88,960 | |||||
| Non-accrual loans held for investment to total loans held for investment | 0.40 | % | 0.47 | % | 0.42 | % | 0.50 | % | 0.40 | % | |||||
| Total non-performing assets to total assets | 0.30 | % | 0.36 | % | 0.30 | % | 0.36 | % | 0.28 | % | |||||
| Allowance for credit losses on loans to non-accrual loans held for investment | 2.9x | 2.4x | 3.0x | 2.4x | 3.1x | ||||||||||
| Total allowance for credit losses to non-accrual loans held for investment | 3.5x | 2.9x | 3.6x | 2.9x | 3.6x | ||||||||||
| LOANS PAST DUE | |||||||||||||||
| Loans held for investment past due 90 days and still accruing | $ | 126 | $ | 2,068 | $ | 791 | $ | 4,265 | $ | 5,281 | |||||
| Loans held for investment past due 90 days to total loans held for investment | — | % | 0.01 | % | — | % | 0.02 | % | 0.02 | % | |||||
| Loans held for sale past due 90 days and still accruing | $ | — | $ | — | $ | — | $ | — | $ | — | |||||
| CRITICIZED LOANS | |||||||||||||||
| Criticized loans | $ | 529,732 | $ | 637,462 | $ | 762,887 | $ | 713,951 | $ | 897,727 | |||||
| Criticized loans to total loans held for investment | 2.19 | % | 2.66 | % | 3.41 | % | 3.18 | % | 4.03 | % | |||||
| Special mention loans | $ | 249,592 | $ | 339,923 | $ | 484,165 | $ | 435,626 | $ | 579,802 | |||||
| Special mention loans to total loans held for investment | 1.03 | % | 1.42 | % | 2.16 | % | 1.94 | % | 2.60 | % | |||||
TEXAS CAPITAL BANCSHARES, INC. | ||||||||||||||||||||||||||||||||||
| TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1) | ||||||||||||||||||||||||||||||||||
| (dollars in thousands) | ||||||||||||||||||||||||||||||||||
| 3rd Quarter 2025 | 2nd Quarter 2025 | 3rd Quarter 2024 | YTD September 30, 2025 | YTD September 30, 2024 | ||||||||||||||||||||||||||||||
| Average Balance | Income/ Expense | Yield/ Rate | Average Balance | Income/ Expense | Yield/ Rate | Average Balance | Income/ Expense | Yield/ Rate | Average Balance | Income/ Expense | Yield/ Rate | Average Balance | Income/ Expense | Yield/ Rate | ||||||||||||||||||||
| Assets | ||||||||||||||||||||||||||||||||||
| Investment securities(2) | $ | 4,635,066 | $ | 49,401 | 4.14 | % | $ | 4,573,164 | $ | 45,999 | 3.93 | % | $ | 4,314,834 | $ | 38,389 | 3.34 | % | $ | 4,557,996 | $ | 141,965 | 4.05 | % | $ | 4,346,957 | $ | 104,117 | 2.97 | % | ||||
| Interest bearing cash and cash equivalents | 2,920,102 | 32,202 | 4.38 | % | 2,661,037 | 29,218 | 4.40 | % | 3,958,843 | 52,737 | 5.30 | % | 3,274,086 | 107,994 | 4.41 | % | 3,761,901 | 150,325 | 5.34 | % | ||||||||||||||
| Loans held for sale | — | — | — | % | — | — | — | % | 23,793 | 565 | 9.44 | % | 110 | 2 | 2.97 | % | 34,536 | 2,432 | 9.41 | % | ||||||||||||||
| Loans held for investment, mortgage finance | 5,472,467 | 59,604 | 4.32 | % | 5,327,559 | 58,707 | 4.42 | % | 5,152,317 | 54,371 | 4.20 | % | 4,929,539 | 156,838 | 4.25 | % | 4,345,393 | 128,548 | 3.95 | % | ||||||||||||||
| Loans held for investment(3) | 18,253,451 | 319,921 | 6.95 | % | 18,018,626 | 306,142 | 6.81 | % | 16,792,446 | 306,541 | 7.26 | % | 17,935,710 | 922,154 | 6.87 | % | 16,688,820 | 906,757 | 7.26 | % | ||||||||||||||
| Less: Allowance for credit losses on loans | 277,385 | — | — | % | 278,035 | — | — | 266,915 | — | — | % | 276,076 | — | — | 260,024 | — | — | |||||||||||||||||
| Loans held for investment, net | 23,448,533 | 379,525 | 6.42 | % | 23,068,150 | 364,849 | 6.34 | % | 21,677,848 | 360,912 | 6.62 | % | 22,589,173 | 1,078,992 | 6.39 | % | 20,774,189 | 1,035,305 | 6.66 | % | ||||||||||||||
| Total earning assets | 31,003,701 | 461,128 | 5.88 | % | 30,302,351 | 440,066 | 5.80 | % | 29,975,318 | 452,603 | 5.96 | % | 30,421,365 | 1,328,953 | 5.82 | % | 28,917,583 | 1,292,179 | 5.90 | % | ||||||||||||||
| Cash and other assets | 1,159,008 | 1,117,118 | 1,239,855 | 1,144,443 | 1,158,758 | |||||||||||||||||||||||||||||
| Total assets | $ | 32,162,709 | $ | 31,419,469 | $ | 31,215,173 | $ | 31,565,808 | $ | 30,076,341 | ||||||||||||||||||||||||
| Liabilities and Stockholders’ Equity | ||||||||||||||||||||||||||||||||||
| Transaction deposits | $ | 2,251,217 | $ | 13,987 | 2.46 | % | $ | 2,213,037 | $ | 13,731 | 2.49 | % | $ | 1,988,688 | $ | 15,972 | 3.20 | % | $ | 2,209,490 | $ | 41,626 | 2.52 | % | $ | 2,018,824 | $ | 49,812 | 3.30 | % | ||||
| Savings deposits | 14,650,152 | 143,327 | 3.88 | % | 13,727,095 | 134,272 | 3.92 | % | 12,240,616 | 147,770 | 4.80 | % | 13,916,232 | 411,176 | 3.95 | % | 11,878,646 | 427,733 | 4.81 | % | ||||||||||||||
| Time deposits | 2,158,228 | 23,465 | 4.31 | % | 2,361,525 | 26,795 | 4.55 | % | 2,070,537 | 26,513 | 5.09 | % | 2,282,419 | 77,711 | 4.55 | % | 1,817,182 | 69,590 | 5.12 | % | ||||||||||||||
| Total interest bearing deposits | 19,059,597 | 180,779 | 3.76 | % | 18,301,657 | 174,798 | 3.83 | % | 16,299,841 | 190,255 | 4.64 | % | 18,408,141 | 530,513 | 3.85 | % | 15,714,652 | 547,135 | 4.65 | % | ||||||||||||||
| Short-term borrowings | 44,022 | 534 | 4.82 | % | 306,176 | 3,444 | 4.51 | % | 1,012,608 | 13,784 | 5.42 | % | 364,641 | 12,224 | 4.48 | % | 950,876 | 39,316 | 5.52 | % | ||||||||||||||
| Long-term debt | 620,348 | 7,531 | 4.82 | % | 649,469 | 7,930 | 4.90 | % | 660,098 | 8,392 | 5.06 | % | 643,274 | 23,534 | 4.89 | % | 765,616 | 33,835 | 5.90 | % | ||||||||||||||
| Total interest bearing liabilities | 19,723,967 | 188,844 | 3.80 | % | 19,257,302 | 186,172 | 3.88 | % | 17,972,547 | 212,431 | 4.70 | % | 19,416,056 | 566,271 | 3.90 | % | 17,431,144 | 620,286 | 4.75 | % | ||||||||||||||
| Non-interest bearing deposits | 8,351,524 | 8,191,402 | 9,439,020 | 8,141,135 | 8,910,067 | |||||||||||||||||||||||||||||
| Other liabilities | 463,034 | 475,724 | 558,368 | 496,644 | 535,221 | |||||||||||||||||||||||||||||
| Stockholders’ equity | 3,624,184 | 3,495,041 | 3,245,238 | 3,511,973 | 3,199,909 | |||||||||||||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 32,162,709 | $ | 31,419,469 | $ | 31,215,173 | $ | 31,565,808 | $ | 30,076,341 | ||||||||||||||||||||||||
| Net interest income | $ | 272,284 | $ | 253,894 | $ | 240,172 | $ | 762,682 | $ | 671,893 | ||||||||||||||||||||||||
| Net interest margin | 3.47 | % | 3.35 | % | 3.16 | % | 3.34 | % | 3.07 | % | ||||||||||||||||||||||||
(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) | 3rd Quarter 2025 | 2nd Quarter 2025 | 1st Quarter 2025 | 4th Quarter 2024 | 3rd Quarter 2024 | ||||||||||
| Net interest income | $ | 271,771 | $ | 253,395 | $ | 236,034 | $ | 229,607 | $ | 240,102 | |||||
| Non-interest income | 68,583 | 54,069 | 44,444 | 54,074 | (114,771 | ) | |||||||||
| Available-for-sale debt securities losses, net | — | 1,886 | — | — | 179,581 | ||||||||||
| Non-interest income, adjusted | 68,583 | 55,955 | 44,444 | 54,074 | 64,810 | ||||||||||
| Non-interest expense | 190,575 | 190,276 | 203,020 | 172,159 | 195,324 | ||||||||||
| FDIC special assessment | — | — | — | — | 651 | ||||||||||
| Restructuring expenses | — | (1,401 | ) | — | — | (5,923 | ) | ||||||||
| Non-interest expense, adjusted | 190,575 | 188,875 | 203,020 | 172,159 | 190,052 | ||||||||||
| Provision for credit losses | 12,000 | 15,000 | 17,000 | 18,000 | 10,000 | ||||||||||
| Income tax expense/(benefit) | 32,569 | 24,860 | 13,411 | 22,499 | (18,674 | ) | |||||||||
| Tax effect of adjustments | — | 774 | — | — | 44,880 | ||||||||||
| Income tax expense/(benefit), adjusted | 32,569 | 25,634 | 13,411 | 22,499 | 26,206 | ||||||||||
| Net income/(loss)(1) | $ | 105,210 | $ | 77,328 | $ | 47,047 | $ | 71,023 | $ | (61,319 | ) | ||||
| Net income/(loss), adjusted(1) | $ | 105,210 | $ | 79,841 | $ | 47,047 | $ | 71,023 | $ | 78,654 | |||||
| Preferred stock dividends | 4,313 | 4,312 | 4,313 | 4,312 | 4,313 | ||||||||||
| Net income/(loss) to common stockholders(2) | $ | 100,897 | $ | 73,016 | $ | 42,734 | $ | 66,711 | $ | (65,632 | ) | ||||
| Net income/(loss) to common stockholders, adjusted(2) | $ | 100,897 | $ | 75,529 | $ | 42,734 | $ | 66,711 | $ | 74,341 | |||||
| PPNR(3) | $ | 149,779 | $ | 117,188 | $ | 77,458 | $ | 111,522 | $ | (69,993 | ) | ||||
| PPNR(3), adjusted | $ | 149,779 | $ | 120,475 | $ | 77,458 | $ | 111,522 | $ | 114,860 | |||||
| Weighted average common shares outstanding, diluted | 46,233,167 | 46,215,394 | 46,616,704 | 46,770,961 | 46,608,742 | ||||||||||
| Diluted earnings/(loss) per common share | $ | 2.18 | $ | 1.58 | $ | 0.92 | $ | 1.43 | $ | (1.41 | ) | ||||
| Diluted earnings/(loss) per common share, adjusted | $ | 2.18 | $ | 1.63 | $ | 0.92 | $ | 1.43 | $ | 1.59 | |||||
| Average total assets | $ | 32,162,709 | $ | 31,419,469 | $ | 31,103,609 | $ | 32,212,087 | $ | 31,215,173 | |||||
| Return on average assets | 1.30 | % | 0.99 | % | 0.61 | % | 0.88 | % | (0.78)% | ||||||
| Return on average assets, adjusted | 1.30 | % | 1.02 | % | 0.61 | % | 0.88 | % | 1.00 | % | |||||
| Average common equity | $ | 3,324,184 | $ | 3,195,041 | $ | 3,114,389 | $ | 3,120,933 | $ | 2,945,238 | |||||
| Return on average common equity | 12.04 | % | 9.17 | % | 5.56 | % | 8.50 | % | (8.87)% | ||||||
| Return on average common equity, adjusted | 12.04 | % | 9.48 | % | 5.56 | % | 8.50 | % | 10.04 | % | |||||
| Efficiency ratio(4) | 56.0 | % | 61.9 | % | 72.4 | % | 60.7 | % | 155.8 | % | |||||
| Efficiency ratio, adjusted(4) | 56.0 | % | 61.1 | % | 72.4 | % | 60.7 | % | 62.3 | % | |||||
| Average earning assets | $ | 31,003,701 | $ | 30,302,351 | $ | 29,946,425 | $ | 31,033,803 | $ | 29,975,318 | |||||
| Non-interest income to average earning assets | 0.88 | % | 0.72 | % | 0.60 | % | 0.69 | % | (1.52)% | ||||||
| Non-interest income to average earning assets, adjusted | 0.88 | % | 0.74 | % | 0.60 | % | 0.69 | % | 0.86 | % | |||||
| Non-interest expense to average earning assets | 2.44 | % | 2.52 | % | 2.75 | % | 2.21 | % | 2.59 | % | |||||
| Non-interest expense to average earning assets, adjusted | 2.44 | % | 2.50 | % | 2.75 | % | 2.21 | % | 2.52 | % | |||||
(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@texascapital.com MEDIA CONTACT Julia Monter, 469.399.8425 julia.monter@texascapital.com
FAQ
What were Texas Capital Bancshares (TCBI) third quarter 2025 earnings per share and net income?
How did TCBI's capital ratios look at September 30, 2025?
Did TCBI's deposits grow in 3Q25 and by how much?
What credit trends did Texas Capital report for 3Q25 (TCBI)?
Did Texas Capital repurchase shares in 3Q25 and what was the size?
How did Texas Capital's net interest margin and net interest income perform in 3Q25?
