TEXAS CAPITAL BANCSHARES INC/TX

Listed Company

TCBICIK 0001077428NasdaqLarge AcceleratedState Commercial BanksFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$330.24M

Total Assets

$31.54B

Equity

$3.63B

Shares Out

43.67M

Op. Cash Flow

$360.15M

+ 13F Filer

Business

TEXAS CAPITAL BANCSHARES INC/TX is a registered bank holding company that provides full-service financial services and customized solutions to businesses, entrepreneurs and individual customers. The company offers commercial and consumer loan products, mortgage finance and warehouse lending, treasury and deposit solutions, wealth management and trust services, investment banking and broker-dealer services. Its primary operating subsidiaries and business lines include Texas Capital Bank, TCBI Securities, Private Wealth Advisors, mortgage and homebuilder finance, investment banking and the online Bask Bank division. The company primarily serves clients across Texas through branch and digital channels and extends specialized services regionally and nationally.

Summary from filing dated 2025-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	1,445	1,378	1,301	984	820
Investment securities	189	148	108	63	43
Interest bearing cash and cash equivalents	138	203	221	97	13
Total interest income	1,772	1,730	1,630	1,144	877
Deposits	698	736	588	191	66
Short-term borrowings	14	50	71	29	5
Long-term debt	31	42	57	49	38
Total interest expense	743	828	716	268	—
Net interest income	1,029	901	914	876	769
Provision for credit losses	55	67	72	66	−30
Net interest income after provision for credit losses	974	834	842	810	799
Service charges on deposit accounts	33	26	21	23	19
Wealth management and trust fee income	16	15	14	15	13
Brokered loan fees	9	9	9	14	28
Investment banking and advisory fees	105	105	64	25	—
Trading income	27	22	23	10	—
Available-for-sale debt securities gains/(losses)	−2	−180	489,000	0	—
Other	40	34	31	13	54
Total non-interest income	227	31	161	350	138
Salaries and benefits	481	467	460	435	350
Occupancy expense	48	45	38	44	33
Marketing	17	22	26	32	10
Legal and professional	50	54	65	76	41
Communications and technology	99	93	81	69	75
Federal Deposit Insurance Corporation insurance assessment	18	23	37	14	21
Other	56	54	50	57	40
Total non-interest expense	768	758	757	728	599
Income before income taxes	433	107	247	432	338
Income tax expense	102	30	57	99	84
Net income	330	78	189	332	254
Preferred stock dividends	−17	−17	−17	−17	−19
Net income available to common stockholders	313	60	172	315	235
Change in unrealized gain/(loss)	123	−32	4	−480	−80
Amounts reclassified into net income	30	253	68	10	0
Other comprehensive income	153	222	72	−470	−80
Income tax expense	34	43	15	−99	−17
Other comprehensive income, net of tax	119	179	57	−371	−63
Comprehensive income	449	256	246	−39	190
Basic earnings/(loss) per common share (in usd per share)	6.86	1.29	3.58	6.25	4.65
Diluted earnings/(loss) per common share (in usd per share)	6.79	1.28	3.54	6.18	4.6

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	201	177	200	234	181
Interest bearing cash and cash equivalents	1,898	3,012	3,042	4,779	7,766
Available-for-sale debt securities	3,951	3,525	3,226	2,616	3,538
Held-to-maturity debt securities	726	796	865	936	0
Equity securities	42	75	52	34	46
Trading securities	4	0	—	—	—
Investment securities	4,723	4,396	4,143	3,585	3,584
Loans held for investment, mortgage finance	6,064	5,216	3,978	4,090	7,475
Loans held for investment	17,976	17,234	16,362	—	—
Less: Allowance for credit losses on loans	271	272	250	253	—
Loans held for investment, net	23,770	22,178	20,091	—	—
Premises and equipment, net	88	85	32	26	21
Accrued interest receivable and other assets	855	882	802	719	560
Goodwill and intangibles, net	1	1	1	1	17
Total assets	31,540	30,732	28,356	28,415	34,732
Non-interest bearing deposits	6,959	7,485	7,328	9,618	13,390
Interest bearing deposits	19,490	17,753	15,044	13,239	14,719
Total deposits	26,449	25,239	22,372	22,857	28,109
Accrued interest payable	7	24	33	24	8
Other liabilities	503	556	393	346	273
Short-term borrowings	330	885	1,500	1,201	2,203
Long-term debt	621	660	859	931	929
Total liabilities	27,909	27,364	25,157	25,359	31,522
Preferred stock	300	300	300	300	300
Common stock	518,000	515,000	511,000	509,000	506,000
Additional paid-in capital	1,074	1,057	1,046	1,026	1,009
Retained earnings	2,809	2,496	2,435	2,264	1,948
Treasury stock - 7,532,768 and 5,286,503 shares at cost at December 31, 2025 and December 31, 2024, respectively	−488	−302	−220	−115	−8,000
Accumulated other comprehensive loss, net of taxes	−65	−183	−362	−419	−48
Total stockholders equity	3,631	3,368	3,199	3,055	3,210
Total liabilities and stockholders equity	31,540	30,732	28,356	28,415	34,732

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred tax expense/(benefit)	16	−16	−18	−17	−20
Depreciation and amortization	52	54	40	45	93
Net loss on available-for-sale debt securities	2	180	−489,000	0	0
Debt and Equity Securities, Unrealized Gain (Loss)	1	7	4	—	—
Sales/(purchases) of trading securities, net	−4	0	0	—	—
Stock-based compensation expense	37	25	24	21	31
Purchases and originations of loans held for sale	0	0	−16	−37	−1,414
Proceeds from sales and repayments of loans held for sale	0	63	135	8	1,677
Accrued interest receivable and other assets	−58	−2	−79	−25	154
Accrued interest payable and other liabilities	−69	39	29	3	−70
Net cash provided by operating activities	360	480	374	148	657
Purchases of available-for-sale debt securities	−1,137	−1,999	−849	−920	−1,060
Proceeds from sales of available-for-sale debt securities	280	1,057	57	0	0
Proceeds from maturities, redemptions and pay-downs of available-for-sale debt securities	548	639	225	432	570
Proceeds from maturities, redemptions and pay-downs of held-to-maturity debt securities	74	73	74	88	0
Sales/(purchases) of equity securities, net	34	−17	−14	12	0
Originations of loans held for investment, mortgage finance	−98,657	−83,658	−75,672	−102,439	−167,084
Proceeds from pay-offs of loans held for investment, mortgage finance	97,808	82,421	75,783	105,824	168,688
Net increase in loans held for investment, excluding mortgage finance loans	−793	−929	−1,343	−3,001	7
Purchase of premises and equipment, net	−13	−65	−16	−11	−4
Net cash used in investing activities	−1,854	−2,478	−1,755	3,309	1,233
Net increase/(decrease) in deposits	1,210	2,867	−485	−5,252	−2,887
Issuance of stock related to stock-based awards	−7	−9	−4	−4	−3
Preferred stock dividends paid	−17	−17	−17	−17	−19
Repurchase of common stock	−186	−82	−105	−115	0
Net increase/(decrease) in short-term borrowings	−555	−615	299	−1,002	−909
Redemption of long-term debt	−40	−200	−75	0	−111
Net cash provided by/(used in) financing activities	404	1,944	−388	−6,391	−3,150
Net decrease in cash and cash equivalents	−1,090	−54	−1,769	−2,934	−1,260
Cash paid during the period for interest	760	838	773	252	111
Cash paid during the period for income taxes:	70	53	72	128	101
Transfers of loans from held for investment to held for sale	4	18	127	0	0

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 120 positions

Reported AUM

$165.38M

Holdings

120

Top sector

$165.38M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$165.38M	100.0%

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