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.
Quarterly Income Statements for Texas Capital Bancshares
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 |
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 |
Annual Cash Flow Statements for Texas Capital Bancshares
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 |
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 |
Quarterly Cash Flow Statements for Texas Capital Bancshares
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 |
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 |
Annual Balance Sheets for Texas Capital Bancshares
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 |
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 |
Quarterly Balance Sheets for Texas Capital Bancshares
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 |
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 |
Annual Metrics And Ratios for Texas Capital Bancshares
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 |
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% |
Quarterly Metrics And Ratios for Texas Capital Bancshares
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 |
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% |
Key Financial Trends
Texas Capital Bancshares (NASDAQ: TCBI) has shown a mixed but generally positive financial performance trend over the last four years, with some fluctuations due to market and operational factors. Here’s a summary of the key financial insights based on the quarterly data from Q3 2022 through Q1 2025.
- Net Interest Income has remained strong, generally increasing from approximately $239 million in Q3 2022 to $236 million in Q1 2025, indicating consistent core income generation from lending activities.
- The Loans and Leases portfolio has grown significantly, with net loans increasing from about $19.8 billion in Q1 2023 to over $22 billion in Q1 2025, signaling strong loan demand and balance sheet growth.
- Total Revenue has shown some growth and resilience, reaching close to $280 million in Q1 2025 compared to about $264 million in Q3 2022, supported by non-interest and investment banking income.
- Texas Capital has maintained solid net income, with Q1 2025 net income at $47 million and a generally positive trajectory compared to the losses seen in Q3 2024. This indicates a recovery or improved profitability.
- Deposits have increased substantially, with total deposits rising from approximately $22 billion in early 2023 to over $25 billion by Q1 2025, reflecting strong customer funding and liquidity.
- Provision for Credit Losses fluctuated over the period but maintained moderate levels relative to loan balances, suggesting prudent credit risk management.
- Salaries and Employee Benefits expenses have increased over time, reaching $132 million in Q1 2025, consistent with growth but could pressure margins if not managed.
- The company experienced a notable net loss in Q3 2024 (-$61.3 million) driven by significant unrealized capital losses on investments and higher expenses, showing some volatility in non-interest income sources.
- Other operating expenses and claims have generally risen, with Property & Liability Insurance Claims peaking in late 2023 and early 2024, adding to overall cost pressures.
- Long-Term Debt has increased significantly from about $930 million in Q3 2022 to $660 million in Q1 2025, and interest expense also rose, indicating higher financing costs needing monitoring.
Summary: Texas Capital Bancshares has demonstrated growth in its loan portfolio and deposit base, supporting increased net interest income and overall revenue. While the bank faced some challenges in 2024 related to investment losses and expense management, the latest quarter showed improvement in profitability. Investors should watch the trends in credit loss provisions, expense control, and interest rate impacts on funding costs as the company navigates the evolving economic environment.
08/08/25 07:45 PMAI Generated. May Contain Errors.