TEXAS CAPITAL BANCSHARES INC/TX Earnings Per Share Disclosure
| Year Ended December 31, | |||||||||||||||||
| (in thousands except share and per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Numerator: | |||||||||||||||||
Net income | $ | 330,244 | $ | 77,508 | $ | 189,141 | |||||||||||
| Preferred stock dividends | 17,250 | 17,250 | 17,250 | ||||||||||||||
Net income available to common stockholders | $ | 312,994 | $ | 60,258 | $ | 171,891 | |||||||||||
| Denominator: | |||||||||||||||||
| Basic earnings per common share—weighted average common shares | 45,641,013 | 46,559,668 | 48,054,935 | ||||||||||||||
| Effect of dilutive outstanding stock-settled awards | 486,362 | 429,536 | 555,271 | ||||||||||||||
| Dilutive earnings per common share—weighted average diluted common shares | 46,127,375 | 46,989,204 | 48,610,206 | ||||||||||||||
Basic earnings per common share | $ | 6.86 | $ | 1.29 | $ | 3.58 | |||||||||||
Diluted earnings per common share | $ | 6.79 | $ | 1.28 | $ | 3.54 | |||||||||||
| Anti-dilutive outstanding stock-settled awards | — | — | 97,368 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 10, 2026 | Showing above |
| 2024 | Feb 11, 2025 | |
| 2023 | Feb 13, 2024 | |
| 2022 | Feb 9, 2023 | |
| 2021 | Feb 9, 2022 | |
| 2020 | Feb 9, 2021 | |
| 2019 | Feb 12, 2020 | |
| 2018 | Feb 14, 2019 | |
| 2017 | Feb 14, 2018 | |
| 2016 | Feb 17, 2017 | |
| 2015 | Feb 18, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.