Texas Capital Bancshares (TCBI) Financials

$82.46 -2.64 (-3.10%)

As of 12:59 PM Eastern

Annual Income Statements for Texas Capital Bancshares

This table shows Texas Capital Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	135	145	187	284	302	57	235	315	172	60
Consolidated Net Income / (Loss)	145	155	197	293	312	66	254	332	189	78
Net Income / (Loss) Continuing Operations	145	155	197	293	310	66	254	332	189	78
Total Pre-Tax Income	224	241	326	373	396	92	338	432	247	107
Total Revenue	604	701	836	993	1,072	1,054	907	1,225	1,076	932
Net Interest Income / (Expense)	557	640	761	915	969	851	769	876	914	901
Total Interest Income	603	703	879	1,164	1,355	1,039	877	1,144	1,630	1,730
Loans and Leases Interest Income	595	685	846	1,125	1,274	994	820	984	1,301	1,378
Investment Securities Interest Income	1.25	0.97	1.07	2.83	8.65	17	43	63	108	148
Deposits and Money Market Investments Interest Income	6.29	16	29	33	71	28	13	97	221	203
Total Interest Expense	46	64	118	249	386	188	108	268	716	828
Deposits Interest Expense	25	37	80	185	294	146	66	191	588	736
Long-Term Debt Interest Expense	17	17	17	17	22	20	38	49	57	42
Other Interest Expense	2.25	6.13	15	36	58	22	4.61	29	71	50
Total Non-Interest Income	48	61	74	78	102	203	138	350	161	31
Trust Fees by Commissions	5.02	4.27	6.15	8.15	8.81	10.00	13	15	14	15
Service Charges on Deposit Accounts	-	10	12	13	11	12	19	23	21	26
Other Service Charges	41	44	58	73	88	101	82	28	40	43
Net Realized & Unrealized Capital Gains on Investments	-	2.55	-2.39	-16	-20	58	0.00	249	0.49	-180
Investment Banking Income	-	-	-	-	15	23	24	25	64	105
Other Non-Interest Income	2.01	-	-	-	-	-	-	10	23	22
Provision for Credit Losses	53	77	44	87	75	258	-30	66	72	67
Total Non-Interest Expense	327	382	466	533	600	704	599	728	757	758
Salaries and Employee Benefits	193	229	264	301	328	341	350	435	460	467
Net Occupancy & Equipment Expense	45	49	57	60	78	138	108	113	120	138
Marketing Expense	16	17	27	39	53	24	10	32	26	22
Property & Liability Insurance Claims	17	24	24	24	20	26	21	14	37	23
Other Operating Expenses	56	61	79	93	97	94	82	132	115	108
Income Tax Expense	80	86	129	80	87	26	84	99	57	30
Preferred Stock Dividends Declared	9.75	9.75	9.75	9.75	9.75	9.75	19	17	17	17
Basic Earnings per Share	$2.95	$3.14	$3.78	$5.68	$6.01	$1.12	$4.65	$6.25	$3.58	$1.29
Weighted Average Basic Shares Outstanding	45.80M	46.30M	49.60M	49.90M	50.35M	50.47M	50.63M	48.23M	47.41M	46.01M
Diluted Earnings per Share	$2.91	$3.11	$3.73	$5.64	$5.99	$1.12	$4.60	$6.18	$3.54	$1.28
Weighted Average Diluted Shares Outstanding	45.80M	46.30M	49.60M	49.90M	50.35M	50.47M	50.63M	48.23M	47.41M	46.01M
Weighted Average Basic & Diluted Shares Outstanding	45.80M	46.30M	49.60M	49.90M	50.35M	50.47M	50.63M	48.23M	47.41M	46.01M

This table shows Texas Capital Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	37	213	34	64	57	16	22	37	-66	67	43
Consolidated Net Income / (Loss)	41	217	39	69	62	20	26	42	-61	71	47
Net Income / (Loss) Continuing Operations	41	217	39	69	62	20	26	42	-61	71	47
Total Pre-Tax Income	55	278	51	89	81	25	35	59	-80	94	60
Total Revenue	264	525	273	278	279	246	256	267	125	284	280
Net Interest Income / (Expense)	239	248	235	232	232	215	215	217	240	230	236
Total Interest Income	322	371	385	402	426	417	417	422	453	438	427
Loans and Leases Interest Income	282	295	297	333	345	325	331	345	361	340	334
Investment Securities Interest Income	15	16	25	27	27	28	32	34	38	44	47
Deposits and Money Market Investments Interest Income	25	60	62	42	54	63	54	43	53	53	47
Total Interest Expense	83	124	150	170	194	202	202	205	212	208	191
Deposits Interest Expense	60	96	120	137	160	170	176	181	190	189	175
Long-Term Debt Interest Expense	13	14	15	14	14	14	14	11	8.39	8.23	8.07
Other Interest Expense	10	13	15	18	20	18	13	13	14	11	8.25
Total Non-Interest Income	25	278	37	46	47	31	41	50	-115	54	44
Trust Fees by Commissions	3.63	3.44	3.43	3.72	3.51	3.30	3.57	3.70	4.04	4.01	3.96
Service Charges on Deposit Accounts	5.80	5.25	5.02	5.16	5.30	5.40	6.34	5.91	6.31	6.99	7.84
Other Service Charges	8.09	8.51	10	9.64	8.88	11	8.28	10	14	11	10
Investment Banking Income	7.81	-	15	19	23	6.91	18	25	35	27	16
Other Non-Interest Income	-	-	-	-	6.09	-	-	-	5.79	-	5.94
Provision for Credit Losses	12	34	28	7.00	18	19	19	20	10	18	17
Total Non-Interest Expense	197	213	194	182	180	201	202	188	195	172	203
Salaries and Employee Benefits	129	103	129	113	110	108	129	119	121	98	132
Net Occupancy & Equipment Expense	28	37	27	30	30	33	31	33	39	36	34
Marketing Expense	8.28	11	9.04	6.37	4.76	5.69	6.04	6.00	5.86	4.45	5.01
Property & Liability Insurance Claims	3.95	3.09	2.17	3.69	5.77	25	8.42	5.57	4.91	4.45	5.34
Other Operating Expenses	28	59	27	29	30	29	28	25	25	29	27
Income Tax Expense	14	61	12	21	19	5.32	8.79	17	-19	22	13
Preferred Stock Dividends Declared	4.31	4.31	4.31	4.31	4.31	4.31	4.31	4.31	4.31	4.31	4.31
Basic Earnings per Share	$0.74	$4.22	$0.71	$1.34	$1.19	$0.34	$0.46	$0.80	($1.42)	$1.45	$0.93
Weighted Average Basic Shares Outstanding	49.90M	48.23M	47.87M	48.00M	48.02M	47.41M	46.65M	46.20M	46.21M	46.01M	45.90M
Diluted Earnings per Share	$0.74	$4.16	$0.70	$1.33	$1.18	$0.33	$0.46	$0.80	($1.41)	$1.43	$0.92
Weighted Average Diluted Shares Outstanding	49.90M	48.23M	47.87M	48.00M	48.02M	47.41M	46.65M	46.20M	46.21M	46.01M	45.90M
Weighted Average Basic & Diluted Shares Outstanding	49.90M	48.23M	47.87M	48.00M	48.02M	47.41M	46.65M	46.20M	46.21M	46.01M	45.90M

This table details how cash moves in and out of Texas Capital Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	460	1,048	66	174	1,346	4,781	-1,260	-2,934	-1,769	-54
Net Cash From Operating Activities	69	-726	132	-680	-240	2,640	657	148	374	481
Net Cash From Continuing Operating Activities	69	-726	132	-680	-240	2,640	657	148	374	481
Net Income / (Loss) Continuing Operations	145	155	197	293	312	66	254	332	189	78
Consolidated Net Income / (Loss)	145	155	197	293	312	66	254	332	189	78
Provision For Loan Losses	53	-	44	-	75	258	-30	66	72	67
Depreciation Expense	16	22	28	32	37	75	93	45	40	54
Non-Cash Adjustments to Reconcile Net Income	-81	-836	-41	-878	-620	2,224	256	-273	122	245
Changes in Operating Assets and Liabilities, net	-65	-67	-95	-128	-45	16	84	-23	-49	37
Net Cash From Investing Activities	-2,461	-850	-3,216	-1,993	-2,276	-2,935	1,233	3,309	-1,755	-2,479
Net Cash From Continuing Investing Activities	-2,461	-850	-3,216	-1,993	-2,276	-2,935	1,233	3,309	-1,755	-2,479
Purchase of Property, Leasehold Improvements and Equipment	-5.03	-2.18	-12	-7.65	-17	-2.80	-4.13	-11	-16	-65
Purchase of Investment Securities	-87,947	-101,898	-89,424	-100,655	-138,733	-219,236	-168,137	-106,361	-77,864	-86,604
Divestitures	-	-	-	-	-	0.00	0.00	3,324	0.00	0.00
Sale and/or Maturity of Investments	85,482	101,050	86,217	98,670	136,467	216,303	169,374	106,356	76,125	84,190
Net Cash From Financing Activities	2,852	2,625	3,150	2,847	3,862	5,076	-3,150	-6,391	-388	1,944
Net Cash From Continuing Financing Activities	2,852	2,625	3,150	2,847	3,862	5,076	-3,150	-6,391	-388	1,944
Net Change in Deposits	2,411	1,932	2,106	1,483	5,872	4,518	-2,887	-5,252	-485	2,867
Repayment of Debt	-	-	-	0.00	-1,500	570	-1,020	-1,002	224	-815
Repurchase of Common Equity	-	-	-	-	-	0.00	0.00	-115	-105	-82
Payment of Dividends	-9.75	-9.75	-9.75	-9.75	-9.75	-9.75	-19	-17	-17	-17
Other Financing Activities, Net	51	-34	253	274	-501	-1.99	-3.12	-4.21	-4.22	-9.07
Cash Interest Paid	46	63	116	236	394	190	111	252	773	838
Cash Income Taxes Paid	87	88	104	75	90	26	101	128	72	53

This table details how cash moves in and out of Texas Capital Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	-635	1,372	-1,363	-802	1,345	-950	73	-403	1,279	-1,003	614
Net Cash From Operating Activities	68	-66	18	72	95	188	96	34	333	18	0.37
Net Cash From Continuing Operating Activities	68	-66	18	72	95	188	96	34	333	18	0.37
Net Income / (Loss) Continuing Operations	41	217	39	69	62	20	26	42	-61	71	47
Consolidated Net Income / (Loss)	41	217	39	69	62	20	26	42	-61	71	47
Provision For Loan Losses	12	34	28	7.00	18	19	19	20	10	18	17
Depreciation Expense	11	9.92	8.68	11	11	9.60	11	14	14	15	9.22
Non-Cash Adjustments to Reconcile Net Income	5.26	-292	15	2.63	6.72	97	20	17	212	-3.29	15
Changes in Operating Assets and Liabilities, net	-2.39	-35	-73	-17	-2.14	42	20	-59	159	-83	-88
Net Cash From Investing Activities	1,193	3,650	-1,536	-1,182	644	318	-810	-972	-457	-240	-24
Net Cash From Continuing Investing Activities	1,193	3,650	-1,536	-1,182	644	318	-810	-972	-457	-240	-24
Purchase of Property, Leasehold Improvements and Equipment	-1.26	-0.81	-1.36	-3.52	-7.77	-3.73	-20	-22	-15	-7.41	-2.42
Purchase of Investment Securities	-23,552	-25,490	-16,581	-20,923	-23,657	-16,703	-17,339	-20,816	-24,465	-23,984	-19,095
Sale and/or Maturity of Investments	24,747	25,816	15,047	19,745	24,309	17,025	16,549	19,866	24,023	23,751	19,074
Net Cash From Financing Activities	-1,896	-2,212	155	307	606	-1,456	787	535	1,402	-781	637
Net Cash From Continuing Financing Activities	-1,896	-2,212	155	307	606	-1,456	787	535	1,402	-781	637
Net Change in Deposits	-941	-1,642	-677	1,139	561	-1,507	1,582	-136	2,047	-627	814
Repayment of Debt	-501	-500	899	-825	50	100	-750	725	-640	-150	-135
Repurchase of Common Equity	-	-65	-60	-	-	-45	-32	-50	-	0.03	-31
Payment of Dividends	-4.31	-4.31	-4.31	-4.31	-4.31	-4.31	-4.31	-4.31	-4.31	-4.31	-4.31
Other Financing Activities, Net	-0.33	-0.00	-2.13	-1.91	-0.43	0.25	-8.93	0.20	-0.46	0.12	-7.05
Cash Interest Paid	73	118	143	171	192	267	268	197	207	166	190
Cash Income Taxes Paid	19	80	0.45	43	13	16	-0.91	49	0.05	4.78	-1.29

This table presents Texas Capital Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	18,904	21,697	25,076	28,258	32,548	37,726	34,732	28,415	28,356	30,732
Cash and Due from Banks	109	114	178	214	162	174	181	234	200	177
Interest Bearing Deposits at Other Banks	1,626	2,701	2,698	2,816	4,234	9,033	7,766	4,779	3,042	3,012
Trading Account Securities	30	25	24	120	240	3,197	3,584	3,585	4,143	4,396
Loans and Leases, Net of Allowance	16,571	17,330	20,490	22,377	24,451	24,176	22,595	19,034	20,091	22,178
Loans and Leases	16,712	17,498	20,674	22,568	24,646	24,431	22,807	19,287	20,341	22,450
Allowance for Loan and Lease Losses	141	168	185	192	195	255	212	253	250	272
Loans Held for Sale	86	969	1,011	1,969	2,577	283	22,603	36	44	0.00
Premises and Equipment, Net	24	20	25	24	31	25	21	26	32	85
Goodwill	20	20	19	19	18	18	17	1.50	1.50	1.50
Other Assets	383	494	602	669	805	821	560	719	802	882
Total Liabilities & Shareholders' Equity	18,904	21,697	25,076	28,258	32,548	37,726	34,732	28,415	28,356	30,732
Total Liabilities	17,280	19,688	22,873	25,757	29,747	34,855	31,522	25,359	25,157	27,364
Non-Interest Bearing Deposits	6,387	7,994	7,813	7,317	9,438	12,741	13,390	9,618	7,328	7,485
Interest Bearing Deposits	8,698	9,023	11,311	13,289	17,040	18,256	14,719	13,239	15,044	17,753
Short-Term Debt	1,500	2,000	2,800	3,900	2,400	3,000	-	1,201	1,500	885
Accrued Interest Payable	5.10	5.50	7.68	21	13	11	7.70	24	33	24
Long-Term Debt	394	394	395	395	396	396	3,132	931	859	660
Other Long-Term Liabilities	153	161	182	194	318	339	273	346	393	556
Total Equity & Noncontrolling Interests	1,624	2,010	2,203	2,500	2,801	2,871	3,210	3,055	3,199	3,368
Total Preferred & Common Equity	1,624	2,010	2,203	2,500	2,801	2,871	3,210	3,055	3,199	3,368
Preferred Stock	150	150	150	150	150	150	300	300	300	300
Total Common Equity	1,474	1,860	2,053	2,350	2,651	2,721	2,910	2,755	2,899	3,068
Common Stock	715	956	962	968	979	992	1,009	1,026	1,046	1,057
Retained Earnings	758	903	1,091	1,381	1,664	1,713	1,948	2,264	2,435	2,496
Treasury Stock	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-115	-220	-302
Accumulated Other Comprehensive Income / (Loss)	0.72	0.42	0.43	0.52	8.95	16	-48	-419	-362	-183

This table presents Texas Capital Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025
Total Assets	30,409	28,597	28,977	29,628	29,181	29,855	31,629	31,376
Cash and Due from Banks	241	264	260	217	168	222	297	202
Interest Bearing Deposits at Other Banks	3,400	3,385	2,587	3,976	3,148	2,691	3,895	3,601
Trading Account Securities	3,370	4,346	4,227	4,070	4,414	4,389	4,406	4,531
Loans and Leases, Net of Allowance	19,788	19,814	21,089	20,368	20,567	21,511	16,491	22,101
Loans and Leases	19,788	20,075	21,326	20,613	20,831	21,779	16,765	22,380
Allowance for Loan and Lease Losses	-	261	237	245	264	267	273	278
Loans Held for Sale	3,142	19,842	29	155	38	37	9.02	0.00
Premises and Equipment, Net	27	25	26	31	50	69	82	85
Goodwill	1.50	1.50	1.50	1.50	1.50	1.50	1.50	1.50
Other Assets	648	732	757	810	794	934	919	855
Total Liabilities & Shareholders' Equity	30,409	28,597	28,977	29,628	29,181	29,855	31,629	31,376
Total Liabilities	27,523	25,517	25,895	26,551	26,010	26,679	28,275	27,946
Non-Interest Bearing Deposits	11,495	9,501	9,429	9,353	8,478	7,988	9,071	7,875
Interest Bearing Deposits	13,004	12,679	13,889	14,526	15,476	15,831	16,794	18,178
Short-Term Debt	1,701	-	1,350	1,400	-	1,675	1,035	750
Accrued Interest Payable	18	31	30	31	32	24	19	25
Long-Term Debt	931	3,032	858	858	1,610	660	660	661
Other Long-Term Liabilities	298	274	339	382	414	502	696	457
Total Equity & Noncontrolling Interests	2,886	3,080	3,082	3,078	3,171	3,176	3,354	3,430
Total Preferred & Common Equity	2,886	3,080	3,082	3,078	3,171	3,176	3,354	3,430
Preferred Stock	300	300	300	300	300	300	300	300
Total Common Equity	2,586	2,780	2,782	2,778	2,871	2,876	3,054	3,130
Common Stock	1,021	1,032	1,036	1,040	1,045	1,051	1,055	1,061
Retained Earnings	2,051	2,298	2,362	2,420	2,457	2,495	2,429	2,538
Treasury Stock	-50	-176	-176	-176	-252	-302	-302	-333
Accumulated Other Comprehensive Income / (Loss)	-435	-375	-440	-506	-380	-368	-128	-136

This table displays calculated financial ratios and metrics derived from Texas Capital Bancshares' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.32%	15.94%	19.27%	18.83%	7.93%	-1.61%	-13.97%	35.08%	-12.22%	-13.31%
EBITDA Growth	6.09%	9.14%	34.44%	14.65%	6.96%	-61.51%	158.56%	10.56%	-39.82%	-43.82%
EBIT Growth	5.71%	7.44%	35.04%	14.63%	6.15%	-76.80%	267.67%	27.72%	-42.89%	-56.58%
NOPAT Growth	6.24%	7.09%	27.04%	48.88%	5.59%	-78.60%	283.08%	30.93%	-43.11%	-59.02%
Net Income Growth	6.24%	7.09%	27.04%	48.88%	6.35%	-78.75%	283.08%	30.93%	-43.11%	-59.02%
EPS Growth	1.04%	6.87%	19.94%	51.21%	6.21%	-81.30%	310.71%	34.35%	-42.72%	-63.84%
Operating Cash Flow Growth	-56.29%	-1,153.47%	118.20%	-614.31%	64.66%	1,199.08%	-75.10%	-77.49%	152.58%	28.73%
Free Cash Flow Firm Growth	42.04%	-87.91%	-8.92%	-38.69%	236.56%	-140.04%	129.78%	725.99%	-112.20%	498.71%
Invested Capital Growth	17.90%	25.20%	22.56%	25.90%	-17.64%	11.98%	1.18%	-18.19%	7.14%	-11.60%
Revenue Q/Q Growth	2.49%	5.50%	5.03%	2.68%	0.91%	0.03%	-4.26%	32.39%	-20.62%	4.23%
EBITDA Q/Q Growth	-2.30%	9.76%	6.96%	-2.93%	0.02%	10.03%	2.39%	56.28%	-46.85%	84.28%
EBIT Q/Q Growth	-2.49%	10.04%	6.68%	-2.92%	-0.96%	3.59%	1.76%	78.11%	-50.61%	174.49%
NOPAT Q/Q Growth	-2.08%	9.64%	-1.82%	7.20%	-1.09%	-1.29%	1.99%	84.34%	-51.03%	191.00%
Net Income Q/Q Growth	-2.08%	9.64%	-1.82%	7.20%	-0.37%	-4.48%	1.99%	84.34%	-51.03%	191.00%
EPS Q/Q Growth	-3.00%	9.51%	-3.37%	7.43%	-0.66%	-3.45%	1.10%	91.93%	-51.97%	611.11%
Operating Cash Flow Q/Q Growth	-48.20%	-61.37%	183.87%	-61.64%	65.60%	11.90%	-35.33%	-54.49%	211.60%	-26.02%
Free Cash Flow Firm Q/Q Growth	58.78%	-78.71%	25.02%	-59.00%	121.24%	-242.82%	237.71%	58.37%	-131.90%	130.40%
Invested Capital Q/Q Growth	8.59%	16.20%	6.82%	12.85%	-0.99%	6.29%	1.04%	-5.98%	4.16%	-2.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	39.88%	37.54%	42.32%	40.83%	40.46%	15.83%	47.57%	38.93%	26.69%	17.30%
EBIT Margin	37.15%	34.43%	38.98%	37.60%	36.98%	8.72%	37.27%	35.24%	22.93%	11.48%
Profit (Net Income) Margin	23.97%	22.14%	23.58%	29.55%	29.12%	6.29%	28.00%	27.13%	17.59%	8.31%
Tax Burden Percent	64.52%	128.62%	60.50%	78.58%	78.73%	72.10%	75.12%	77.01%	76.70%	72.40%
Interest Burden Percent	100.00%	200.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	35.48%	71.38%	39.50%	21.42%	21.84%	27.90%	24.88%	22.99%	23.30%	27.60%
Return on Invested Capital (ROIC)	4.46%	7.83%	4.02%	4.81%	5.00%	1.12%	4.03%	5.77%	3.52%	1.48%
ROIC Less NNEP Spread (ROIC-NNEP)	4.46%	7.83%	4.02%	4.81%	5.06%	1.12%	4.03%	5.77%	3.52%	1.48%
Return on Net Nonoperating Assets (RNNOA)	4.87%	14.91%	5.34%	7.66%	6.77%	1.22%	4.32%	4.85%	2.53%	0.88%
Return on Equity (ROE)	9.32%	27.65%	9.36%	12.48%	11.77%	2.34%	8.35%	10.61%	6.05%	2.36%
Cash Return on Invested Capital (CROIC)	-11.97%	-18.46%	-16.25%	-18.12%	24.35%	-10.18%	2.85%	25.77%	-3.37%	13.80%
Operating Return on Assets (OROA)	1.29%	2.38%	1.39%	1.40%	1.30%	0.26%	0.93%	1.37%	0.87%	0.36%
Return on Assets (ROA)	0.83%	0.76%	0.84%	1.10%	1.03%	0.19%	0.70%	1.05%	0.67%	0.26%
Return on Common Equity (ROCE)	8.42%	25.18%	8.69%	11.68%	11.10%	2.21%	7.73%	9.60%	5.47%	2.14%
Return on Equity Simple (ROE_SIMPLE)	8.92%	7.72%	8.95%	11.73%	11.14%	2.31%	7.91%	10.88%	5.91%	2.30%
Net Operating Profit after Tax (NOPAT)	145	155	197	293	310	66	254	332	189	78
NOPAT Margin	23.97%	22.14%	23.58%	29.55%	28.91%	6.29%	28.00%	27.13%	17.59%	8.31%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	-0.06%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	41.99%	42.12%	41.63%	40.35%	42.89%	47.63%	51.66%	47.40%	56.28%	67.28%
Operating Expenses to Revenue	54.04%	54.58%	55.75%	53.64%	56.02%	66.81%	66.04%	59.38%	70.38%	81.33%
Earnings before Interest and Taxes (EBIT)	224	241	326	373	396	92	338	432	247	107
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	241	263	354	405	434	167	431	477	287	161
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.54	1.94	2.15	1.09	1.08	1.10	1.05	1.09	1.07	1.18
Price to Tangible Book Value (P/TBV)	1.56	1.96	2.17	1.10	1.08	1.11	1.05	1.09	1.07	1.18
Price to Revenue (P/Rev)	3.75	5.15	5.28	2.58	2.67	2.85	3.36	2.46	2.89	3.88
Price to Earnings (P/E)	16.77	24.82	23.55	9.04	9.45	53.10	12.96	9.55	18.06	59.97
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.96%	4.03%	4.25%	11.06%	10.58%	1.88%	7.71%	10.47%	5.54%	1.67%
Enterprise Value to Invested Capital (EV/IC)	0.72	0.75	0.90	0.58	0.25	0.00	0.00	0.08	0.45	0.46
Enterprise Value to Revenue (EV/Rev)	4.17	4.73	5.81	3.96	1.28	0.00	0.00	0.35	2.34	2.44
Enterprise Value to EBITDA (EV/EBITDA)	10.45	12.59	13.72	9.69	3.18	0.00	0.00	0.90	8.78	14.08
Enterprise Value to EBIT (EV/EBIT)	11.22	13.73	14.89	10.52	3.47	0.00	0.00	1.00	10.22	21.21
Enterprise Value to NOPAT (EV/NOPAT)	17.39	21.35	24.62	13.39	4.44	0.00	0.00	1.29	13.32	29.29
Enterprise Value to Operating Cash Flow (EV/OCF)	36.54	0.00	36.71	0.00	0.00	0.00	0.00	2.90	6.74	4.72
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.91	0.00	0.00	0.29	0.00	3.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.17	2.38	1.45	1.72	1.00	1.18	0.98	0.70	0.74	0.46
Long-Term Debt to Equity	0.24	0.39	0.18	0.16	0.14	0.14	0.98	0.30	0.27	0.20
Financial Leverage	1.09	2.36	1.33	1.59	1.34	1.09	1.07	0.84	0.72	0.59
Leverage Ratio	11.20	22.35	11.10	11.34	11.47	12.39	11.92	10.08	9.08	9.00
Compound Leverage Factor	11.20	22.35	11.10	11.34	11.47	12.39	11.92	10.08	9.08	9.00
Debt to Total Capital	53.85%	0.00%	59.19%	63.21%	49.95%	54.19%	49.38%	41.11%	42.44%	31.45%
Short-Term Debt to Total Capital	42.64%	90.83%	51.88%	57.39%	42.88%	47.87%	0.00%	23.15%	26.99%	18.01%
Long-Term Debt to Total Capital	11.20%	17.91%	7.31%	5.82%	7.07%	6.32%	49.38%	17.95%	15.46%	13.44%
Preferred Equity to Total Capital	4.26%	6.81%	2.78%	2.21%	2.68%	2.39%	4.73%	5.78%	5.40%	6.11%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	41.89%	84.45%	38.03%	34.59%	47.37%	43.42%	45.88%	53.11%	52.16%	62.44%
Debt to EBITDA	7.86	18.21	9.04	10.60	6.45	20.35	7.26	4.47	8.22	9.58
Net Debt to EBITDA	0.43	-3.38	0.82	3.00	-3.76	-34.82	-11.16	-6.04	-3.08	-10.19
Long-Term Debt to EBITDA	1.64	3.00	1.12	0.97	0.91	2.37	7.26	1.95	2.99	4.09
Debt to NOPAT	13.08	30.87	16.21	14.64	9.02	51.23	12.33	6.41	12.47	19.94
Net Debt to NOPAT	0.71	-5.74	1.47	4.14	-5.26	-87.65	-18.96	-8.66	-4.67	-21.20
Long-Term Debt to NOPAT	2.72	5.09	2.00	1.35	1.28	5.97	12.33	2.80	4.54	8.52
Noncontrolling Interest Sharing Ratio	9.65%	16.51%	7.12%	6.38%	5.66%	5.29%	7.40%	9.58%	9.59%	9.14%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-389	-731	-796	-1,105	1,508	-604	180	1,486	-181	723
Operating Cash Flow to CapEx	1,369.55%	-66,754.87%	1,077.55%	-8,884.00%	-1,442.49%	94,415.92%	15,927.19%	1,312.95%	2,281.55%	742.00%
Free Cash Flow to Firm to Interest Expense	-8.38	-23.00	-6.75	-4.43	3.91	-3.21	1.67	5.53	-0.25	0.87
Operating Cash Flow to Interest Expense	1.48	-22.84	1.12	-2.73	-0.62	14.04	6.10	0.55	0.52	0.58
Operating Cash Flow Less CapEx to Interest Expense	1.38	-22.91	1.02	-2.76	-0.67	14.02	6.06	0.51	0.50	0.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.07	0.04	0.04	0.04	0.03	0.03	0.04	0.04	0.03
Fixed Asset Turnover	25.88	32.33	37.18	40.54	38.96	37.82	39.92	51.83	36.62	15.83
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,518	4,404	5,398	6,796	5,597	6,267	6,341	5,188	5,558	4,913
Invested Capital Turnover	0.19	0.35	0.17	0.16	0.17	0.18	0.14	0.21	0.20	0.18
Increase / (Decrease) in Invested Capital	534	886	994	1,398	-1,199	670	74	-1,153	370	-645
Enterprise Value (EV)	2,519	3,313	4,851	3,929	1,377	-2,658	-1,466	430	2,520	2,270
Market Capitalization	2,266	3,607	4,412	2,564	2,857	3,002	3,049	3,009	3,104	3,614
Book Value per Share	$32.14	$40.41	$41.36	$46.84	$52.69	$53.93	$57.49	$55.22	$60.37	$66.39
Tangible Book Value per Share	$31.71	$39.99	$40.98	$46.47	$52.33	$53.58	$57.15	$55.19	$60.34	$66.36
Total Capital	3,518	4,404	5,398	6,796	5,597	6,267	6,341	5,188	5,558	4,913
Total Debt	1,894	2,394	3,195	4,295	2,796	3,396	3,132	2,133	2,359	1,545
Total Long-Term Debt	394	394	395	395	396	396	3,132	931	859	660
Net Debt	103	-445	289	1,215	-1,630	-5,810	-4,815	-2,880	-884	-1,643
Capital Expenditures (CapEx)	5.03	2.18	12	7.65	17	2.80	4.13	11	16	65
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	-2.24	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	1,894	2,394	3,195	4,295	2,796	3,396	3,132	2,133	2,359	1,545
Total Depreciation and Amortization (D&A)	16	22	28	32	37	75	93	45	40	54
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.95	$3.14	$3.78	$5.83	$6.23	$1.12	$4.65	$6.25	$3.58	$1.29
Adjusted Weighted Average Basic Shares Outstanding	45.89M	49.52M	49.65M	50.24M	50.35M	50.47M	50.63M	48.23M	47.41M	46.01M
Adjusted Diluted Earnings per Share	$2.91	$3.11	$3.73	$5.79	$6.21	$1.12	$4.60	$6.18	$3.54	$1.28
Adjusted Weighted Average Diluted Shares Outstanding	45.89M	49.52M	49.65M	50.24M	50.35M	50.47M	50.63M	48.23M	47.41M	46.01M
Adjusted Basic & Diluted Earnings per Share	$2.95	$3.14	$3.78	$5.83	$6.23	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	45.89M	49.52M	49.65M	50.24M	50.35M	50.47M	50.63M	48.23M	47.41M	46.01M
Normalized Net Operating Profit after Tax (NOPAT)	145	155	197	293	311	79	254	332	189	78
Normalized NOPAT Margin	23.97%	22.14%	23.58%	29.55%	29.01%	7.50%	28.00%	27.13%	17.59%	8.31%
Pre Tax Income Margin	37.15%	34.43%	38.98%	37.60%	36.98%	8.72%	37.27%	35.24%	22.93%	11.48%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.84	7.59	2.76	1.50	1.03	0.49	3.14	1.61	0.34	0.13
NOPAT to Interest Expense	3.12	2.44	1.67	1.18	0.80	0.35	2.36	1.24	0.26	0.09
EBIT Less CapEx to Interest Expense	4.73	7.52	2.66	1.47	0.98	0.47	3.10	1.57	0.32	0.05
NOPAT Less CapEx to Interest Expense	3.01	4.81	1.57	1.15	0.76	0.34	2.32	1.20	0.24	0.02
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.73%	12.57%	4.95%	3.32%	3.12%	14.71%	7.37%	5.19%	9.12%	22.26%
Augmented Payout Ratio	6.73%	12.57%	4.95%	3.32%	3.12%	14.71%	7.37%	39.87%	64.65%	127.42%

This table displays calculated financial ratios and metrics derived from Texas Capital Bancshares' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	22.80%	132.95%	33.81%	19.95%	5.50%	-53.20%	-6.02%	-3.96%	-55.07%	15.39%	9.42%
EBITDA Growth	-12.01%	147.72%	-6.22%	70.31%	38.35%	-87.83%	-22.83%	-27.76%	-171.48%	210.35%	51.99%
EBIT Growth	-3.42%	213.12%	-3.82%	96.52%	46.39%	-90.85%	-31.12%	-34.42%	-198.69%	267.26%	73.06%
NOPAT Growth	-4.54%	233.57%	-2.49%	100.97%	48.92%	-90.73%	-32.38%	-39.31%	-190.78%	252.47%	79.97%
Net Income Growth	-4.54%	233.57%	-2.49%	100.97%	48.92%	-90.73%	-32.38%	-39.31%	-199.42%	252.47%	79.97%
EPS Growth	-2.63%	246.67%	1.45%	125.42%	59.46%	-92.07%	-34.29%	-39.85%	-219.49%	333.33%	100.00%
Operating Cash Flow Growth	-37.25%	-159.58%	-75.04%	-1.57%	41.22%	383.79%	426.40%	-53.57%	249.28%	-90.19%	-99.62%
Free Cash Flow Firm Growth	337.71%	15,436.86%	-176.68%	371.44%	-69.53%	-125.55%	316.57%	-113.23%	-5.16%	304.46%	-100.94%
Invested Capital Growth	-12.07%	-18.19%	12.22%	-19.55%	-3.30%	7.14%	-21.79%	4.18%	-5.38%	-11.60%	1.25%
Revenue Q/Q Growth	14.08%	98.66%	-48.07%	1.93%	0.34%	-11.86%	4.26%	4.17%	-53.06%	126.35%	-1.13%
EBITDA Q/Q Growth	13.06%	332.30%	-79.38%	69.00%	-8.15%	-61.97%	30.72%	58.21%	-190.88%	265.12%	-35.98%
EBIT Q/Q Growth	21.76%	402.44%	-81.77%	76.17%	-9.29%	-68.58%	37.19%	67.73%	-236.51%	216.91%	-35.35%
NOPAT Q/Q Growth	21.25%	424.53%	-82.20%	77.57%	-10.16%	-67.33%	29.74%	59.37%	-234.40%	226.84%	-33.76%
Net Income Q/Q Growth	21.25%	424.53%	-82.20%	77.57%	-10.16%	-67.33%	29.74%	59.37%	-247.18%	215.83%	-33.76%
EPS Q/Q Growth	25.42%	462.16%	-83.17%	90.00%	-11.28%	-72.03%	39.39%	73.91%	-276.25%	201.42%	-35.66%
Operating Cash Flow Q/Q Growth	-8.22%	-197.88%	127.53%	298.06%	31.68%	96.69%	-48.94%	-64.89%	890.58%	-94.48%	-98.00%
Free Cash Flow Firm Q/Q Growth	260.17%	71.48%	-145.75%	316.03%	-82.02%	-243.80%	487.70%	-113.20%	228.87%	210.02%	-101.78%
Invested Capital Q/Q Growth	-16.08%	-5.98%	17.81%	-13.45%	0.88%	4.16%	-13.99%	15.27%	-8.37%	-2.69%	-1.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	25.20%	54.85%	21.78%	36.11%	33.06%	14.26%	17.88%	27.16%	-52.59%	38.36%	24.84%
EBIT Margin	20.94%	52.96%	18.60%	32.14%	29.06%	10.36%	13.63%	21.95%	-63.83%	32.97%	21.56%
Profit (Net Income) Margin	15.66%	41.36%	14.17%	24.69%	22.11%	8.20%	10.20%	15.60%	-48.93%	25.04%	16.77%
Tax Burden Percent	74.81%	78.10%	76.22%	76.83%	76.10%	79.13%	74.83%	71.10%	76.66%	75.94%	77.82%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	25.19%	21.90%	23.78%	23.17%	23.90%	20.87%	25.17%	28.90%	0.00%	24.06%	22.18%
Return on Invested Capital (ROIC)	2.46%	8.79%	3.17%	5.58%	5.52%	1.64%	1.98%	3.03%	-7.70%	4.46%	3.34%
ROIC Less NNEP Spread (ROIC-NNEP)	2.46%	8.79%	3.17%	5.58%	5.52%	1.64%	1.98%	3.03%	-7.97%	4.46%	3.34%
Return on Net Nonoperating Assets (RNNOA)	2.35%	7.39%	2.77%	5.29%	4.53%	1.18%	1.47%	2.20%	-4.90%	2.65%	1.53%
Return on Equity (ROE)	4.81%	16.18%	5.95%	10.87%	10.05%	2.82%	3.46%	5.23%	-12.59%	7.11%	4.86%
Cash Return on Invested Capital (CROIC)	15.91%	25.77%	-5.78%	27.84%	10.47%	-3.37%	27.69%	-1.32%	6.04%	13.80%	0.80%
Operating Return on Assets (OROA)	0.58%	2.06%	0.81%	1.41%	1.31%	0.39%	0.50%	0.78%	-1.86%	1.04%	0.68%
Return on Assets (ROA)	0.43%	1.61%	0.61%	1.08%	1.00%	0.31%	0.37%	0.56%	-1.43%	0.79%	0.53%
Return on Common Equity (ROCE)	4.33%	14.63%	5.37%	9.80%	9.04%	2.55%	3.12%	4.73%	-11.42%	6.46%	4.42%
Return on Equity Simple (ROE_SIMPLE)	6.25%	0.00%	10.76%	11.88%	12.55%	0.00%	5.57%	4.71%	0.79%	0.00%	2.87%
Net Operating Profit after Tax (NOPAT)	41	217	39	69	62	20	26	42	-56	71	47
NOPAT Margin	15.66%	41.36%	14.17%	24.69%	22.11%	8.20%	10.20%	15.60%	-44.68%	25.04%	16.77%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.00%	0.00%
SG&A Expenses to Revenue	62.38%	28.75%	60.44%	53.75%	51.73%	59.69%	64.61%	58.99%	132.36%	48.74%	61.02%
Operating Expenses to Revenue	74.52%	40.57%	71.14%	65.34%	64.49%	81.91%	78.96%	70.56%	155.85%	60.69%	72.38%
Earnings before Interest and Taxes (EBIT)	55	278	51	89	81	25	35	59	-80	94	60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	67	288	59	100	92	35	46	73	-66	109	70
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.14	1.09	0.85	0.89	1.02	1.07	1.03	0.99	1.08	1.18	1.10
Price to Tangible Book Value (P/TBV)	1.14	1.09	0.85	0.89	1.02	1.07	1.03	0.99	1.08	1.18	1.10
Price to Revenue (P/Rev)	3.18	2.46	1.82	1.84	2.09	2.89	2.79	2.72	3.69	3.88	3.59
Price to Earnings (P/E)	18.05	9.55	7.51	7.07	7.66	18.06	18.55	21.55	351.75	59.97	42.35
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.54%	10.47%	13.31%	14.15%	13.05%	5.54%	5.39%	4.64%	0.28%	1.67%	2.36%
Enterprise Value to Invested Capital (EV/IC)	0.41	0.08	0.33	0.40	0.22	0.45	0.32	0.47	0.22	0.46	0.28
Enterprise Value to Revenue (EV/Rev)	2.42	0.35	1.58	1.59	0.88	2.34	1.46	2.46	1.24	2.44	1.41
Enterprise Value to EBITDA (EV/EBITDA)	7.33	0.90	4.32	4.13	2.21	8.78	5.66	10.48	12.62	14.08	7.27
Enterprise Value to EBIT (EV/EBIT)	9.23	1.00	4.76	4.49	2.39	10.22	6.71	12.87	28.33	21.21	10.15
Enterprise Value to NOPAT (EV/NOPAT)	12.40	1.29	6.17	5.81	3.09	13.32	8.77	17.20	41.48	29.29	13.67
Enterprise Value to Operating Cash Flow (EV/OCF)	6.88	2.90	21.92	23.08	9.95	6.74	3.43	6.24	1.70	4.72	3.49
Enterprise Value to Free Cash Flow (EV/FCFF)	2.38	0.29	0.00	1.29	2.10	0.00	1.03	0.00	3.52	3.14	34.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.91	0.70	0.98	0.72	0.73	0.74	0.51	0.74	0.51	0.46	0.41
Long-Term Debt to Equity	0.32	0.30	0.98	0.28	0.28	0.27	0.51	0.21	0.20	0.20	0.19
Financial Leverage	0.95	0.84	0.87	0.95	0.82	0.72	0.74	0.73	0.61	0.59	0.46
Leverage Ratio	11.07	10.08	9.67	10.07	10.07	9.08	9.24	9.40	9.52	9.00	9.17
Compound Leverage Factor	11.07	10.08	9.67	10.07	10.07	9.08	9.24	9.40	9.52	9.00	9.17
Debt to Total Capital	47.70%	41.11%	49.61%	41.74%	42.32%	42.44%	33.67%	42.37%	33.57%	31.45%	29.14%
Short-Term Debt to Total Capital	30.84%	23.15%	0.00%	25.52%	26.24%	26.99%	0.00%	30.40%	20.50%	18.01%	15.49%
Long-Term Debt to Total Capital	16.87%	17.95%	49.61%	16.22%	16.09%	15.46%	33.67%	11.98%	13.07%	13.44%	13.65%
Preferred Equity to Total Capital	5.44%	5.78%	4.91%	5.67%	5.62%	5.40%	6.28%	5.44%	5.94%	6.11%	6.20%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	46.86%	53.11%	45.48%	52.59%	52.05%	52.16%	60.05%	52.18%	60.49%	62.44%	64.66%
Debt to EBITDA	8.62	4.47	6.41	4.29	4.18	8.22	5.89	9.51	19.37	9.58	7.62
Net Debt to EBITDA	-3.30	-6.04	-1.31	-1.24	-3.58	-3.08	-6.24	-2.35	-28.52	-10.19	-12.92
Long-Term Debt to EBITDA	3.05	1.95	6.41	1.67	1.59	2.99	5.89	2.69	7.54	4.09	3.57
Debt to NOPAT	14.59	6.41	9.15	6.03	5.85	12.47	9.11	15.60	63.64	19.94	14.33
Net Debt to NOPAT	-5.59	-8.66	-1.86	-1.75	-5.01	-4.67	-9.66	-3.86	-93.73	-21.20	-24.31
Long-Term Debt to NOPAT	5.16	2.80	9.15	2.34	2.22	4.54	9.11	4.41	24.79	8.52	6.71
Noncontrolling Interest Sharing Ratio	9.94%	9.58%	9.72%	9.85%	10.06%	9.59%	9.60%	9.59%	9.33%	9.14%	9.09%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	799	1,371	-627	1,354	244	-350	1,358	-179	231	716	-13
Operating Cash Flow to CapEx	5,383.59%	-8,124.08%	1,335.51%	2,061.39%	1,227.80%	5,028.59%	478.07%	151.52%	2,194.03%	248.56%	15.23%
Free Cash Flow to Firm to Interest Expense	9.63	11.08	-4.18	7.97	1.26	-1.73	6.71	-0.87	1.09	3.44	-0.07
Operating Cash Flow to Interest Expense	0.81	-0.53	0.12	0.43	0.49	0.93	0.47	0.16	1.57	0.09	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.80	-0.54	0.11	0.41	0.45	0.91	0.37	0.06	1.50	0.05	-0.01
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.04	0.04	0.04	0.05	0.04	0.04	0.04	0.03	0.03	0.03
Fixed Asset Turnover	38.32	51.83	52.35	48.90	46.54	36.62	28.18	21.94	15.88	15.83	14.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,518	5,188	6,112	5,290	5,336	5,558	4,780	5,511	5,049	4,913	4,840
Invested Capital Turnover	0.16	0.21	0.22	0.23	0.25	0.20	0.19	0.19	0.17	0.18	0.20
Increase / (Decrease) in Invested Capital	-758	-1,153	666	-1,286	-182	370	-1,332	221	-287	-645	60
Enterprise Value (EV)	2,237	430	2,044	2,126	1,193	2,520	1,549	2,574	1,105	2,270	1,345
Market Capitalization	2,945	3,009	2,361	2,465	2,827	3,104	2,956	2,852	3,301	3,614	3,437
Book Value per Share	$51.84	$55.22	$57.64	$58.11	$57.87	$60.37	$61.53	$61.64	$66.11	$66.39	$68.02
Tangible Book Value per Share	$51.81	$55.19	$57.61	$58.08	$57.84	$60.34	$61.50	$61.61	$66.08	$66.36	$67.99
Total Capital	5,518	5,188	6,112	5,290	5,336	5,558	4,780	5,511	5,049	4,913	4,840
Total Debt	2,632	2,133	3,032	2,208	2,258	2,359	1,610	2,335	1,695	1,545	1,411
Total Long-Term Debt	931	931	3,032	858	858	859	1,610	660	660	660	661
Net Debt	-1,008	-2,880	-618	-640	-1,934	-884	-1,706	-578	-2,496	-1,643	-2,392
Capital Expenditures (CapEx)	1.26	0.81	1.36	3.52	7.77	3.73	20	22	15	7.41	2.42
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	5.32	0.00	0.00
Net Nonoperating Obligations (NNO)	2,632	2,133	3,032	2,208	2,258	2,359	1,610	2,335	1,695	1,545	1,411
Total Depreciation and Amortization (D&A)	11	9.92	8.68	11	11	9.60	11	14	14	15	9.22
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.74	$4.22	$0.71	$1.34	$1.19	$0.34	$0.46	$0.80	($1.42)	$1.45	$0.93
Adjusted Weighted Average Basic Shares Outstanding	49.90M	48.23M	47.87M	48.00M	48.02M	47.41M	46.65M	46.20M	46.21M	46.01M	45.90M
Adjusted Diluted Earnings per Share	$0.74	$4.16	$0.70	$1.33	$1.18	$0.33	$0.46	$0.80	($1.41)	$1.43	$0.92
Adjusted Weighted Average Diluted Shares Outstanding	49.90M	48.23M	47.87M	48.00M	48.02M	47.41M	46.65M	46.20M	46.21M	46.01M	45.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	49.90M	48.23M	47.87M	48.00M	48.02M	47.41M	46.65M	46.20M	46.21M	46.01M	45.90M
Normalized Net Operating Profit after Tax (NOPAT)	41	217	39	69	62	20	26	42	-56	71	47
Normalized NOPAT Margin	15.66%	41.36%	14.17%	24.69%	22.11%	8.20%	10.20%	15.60%	-44.68%	25.04%	16.77%
Pre Tax Income Margin	20.94%	52.96%	18.60%	32.14%	29.06%	10.36%	13.63%	21.95%	-63.83%	32.97%	21.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.67	2.25	0.34	0.53	0.42	0.13	0.17	0.29	-0.38	0.45	0.32
NOPAT to Interest Expense	0.50	1.76	0.26	0.40	0.32	0.10	0.13	0.20	-0.26	0.34	0.25
EBIT Less CapEx to Interest Expense	0.65	2.24	0.33	0.51	0.38	0.11	0.07	0.18	-0.45	0.41	0.30
NOPAT Less CapEx to Interest Expense	0.48	1.75	0.25	0.38	0.28	0.08	0.03	0.09	-0.34	0.31	0.23
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.56%	5.19%	5.20%	4.71%	4.47%	9.12%	9.77%	11.53%	64.76%	22.26%	17.53%
Augmented Payout Ratio	37.30%	39.87%	58.15%	39.00%	36.96%	64.65%	52.98%	95.96%	539.10%	127.42%	99.97%

Financials Breakdown Chart

Key Financial Trends

Texas Capital Bancshares (NASDAQ:TCBI) has exhibited some noteworthy financial trends from Q3 2022 through Q1 2025, reflecting its performance in key operational areas such as interest income, expenses, net income, and balance sheet strength.

Positive Developments:

Net Interest Income remained solid and relatively stable over the last several quarters, with Q1 2025 recording $236.0 million, a slight increase from $214.7 million in Q4 2023.
The company demonstrated resilience with net income attributable to common shareholders recovering to $42.7 million in Q1 2025 after a loss noted in Q3 2024, supporting shareholder value.
Texas Capital Bancshares has maintained a strong loan portfolio, with net loans and leases consistently increasing from approximately $19.8 billion in Q1 2023 to $22.1 billion in Q1 2025, demonstrating loan growth.
Improved operating cash flow generation, peaking at $368,000 in Q1 2025 and substantially positive in preceding quarters, indicating decent operational cash management.
The bank's capital adequacy appears strong with total reasonable shareholders’ equity of about $3.4 billion in Q1 2025, supporting potential future growth investments and risk buffer.
Management has been actively repurchasing common equity, with share repurchases noted in multiple quarters, reflecting confidence in the company’s prospects.
Stable dividend payments to preferred shareholders, maintaining an attractive yield for income-focused investors.

Neutral Trends:

Total revenue fluctuates quarter-to-quarter with a mix of interest and non-interest income, reflecting the bank's diverse income streams.
Provision for credit losses showed some variation, rising as high as $28 million in Q1 2023 but easing to $17 million in Q1 2025, indicating ongoing risk management adjustment.
Investment securities interest income and deposits interest income remain stable contributors but show modest growth.

Areas of Concern:

Texas Capital Bancshares faced a significant net loss of $61.3 million in Q3 2024, adversely impacting investor confidence during that period.
Total non-interest expenses have increased considerably from $179.9 million in Q3 2023 to $203 million in Q1 2025, indicating rising operating costs that could pressure margins.
Non-interest income showed volatility, with a substantial negative impact in Q3 2024 (-$114.8 million) mostly due to large unrealized losses in capital gains on investments, reflecting risk exposure to market fluctuations.
Balance sheet shows significant fluctuations in short-term debt and accrued interest payable, which may indicate liquidity management challenges or financing strategy shifts.
Cash flow from investing activities has been consistently negative due to large investment securities purchases exceeding sales/maturities, which could pressure liquidity if prolonged.

Summary: Texas Capital Bancshares has generally grown its core lending activities and maintained solid net interest income despite some challenges with non-interest income volatility and increased expenses. The return to profitability and management’s share repurchase activities indicate confidence in ongoing recovery and growth prospects. However, investors should watch for elevated non-interest expenses and potential earnings volatility tied to investment portfolio fluctuations.

10/10/25 12:59 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Texas Capital Bancshares' Financials

When does Texas Capital Bancshares' fiscal year end?

According to the most recent income statement we have on file, Texas Capital Bancshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Texas Capital Bancshares' net income changed over the last 9 years?

Below is a breakdown of Texas Capital Bancshares' net income over the past 5 years:

2020: $66.29 million
2021: $253.94 million
2022: $332.48 million
2023: $189.14 million
2024: $77.51 million

Check out Texas Capital Bancshares' forecast to explore projected trends and price targets.

How has Texas Capital Bancshares' revenue changed over the last 9 years?

Over the last 9 years, Texas Capital Bancshares' total revenue changed from $604.27 million in 2015 to $932.35 million in 2024, a change of 54.3%.

How much debt does Texas Capital Bancshares have?

Texas Capital Bancshares' total liabilities were at $27.36 billion at the end of 2024, a 8.8% increase from 2023, and a 58.4% increase since 2015.

How much cash does Texas Capital Bancshares have?

In the past 9 years, Texas Capital Bancshares' cash and equivalents has ranged from $109.50 million in 2015 to $233.64 million in 2022, and is currently $176.50 million as of their latest financial filing in 2024.

How has Texas Capital Bancshares' book value per share changed over the last 9 years?

Over the last 9 years, Texas Capital Bancshares' book value per share changed from 32.14 in 2015 to 66.39 in 2024, a change of 106.5%.

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This page (NASDAQ:TCBI) was last updated on 10/10/2025 by MarketBeat.com Staff

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Texas Capital Bancshares (TCBI) Financials

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Texas Capital Bancshares (TCBI) Financials

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