$TCBIO

TEXAS CAPITAL BANCSHARES INC/TX

CIK:0001077428|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME AND OTHER COMPREHENSIVE INCOME/(LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Interest income
Interest and fees on loans	$ 368,416	$ 364,358	$ 716,436	$ 698,508
Debt and equity securities	46,307	45,991	95,897	92,556
Interest bearing cash and cash equivalents	25,207	29,218	46,691	75,792
Total interest income	439,930	439,567	859,024	866,856
Interest expense
Deposits	167,027	174,798	320,931	349,734
Short-term borrowings	3,552	3,444	5,912	11,690
Long-term debt	8,974	7,930	17,085	16,003
Total interest expense	179,553	186,172	343,928	377,427
Net interest income	260,377	253,395	515,096	489,429
Provision for credit losses	18,000	15,000	34,000	32,000
Net interest income after provision for credit losses	242,377	238,395	481,096	457,429
Non-interest income
Service charges on deposit accounts	8,853	8,182	18,076	16,022
Wealth management and trust fee income	5,136	3,730	9,524	7,694
Brokered loan fees	2,103	2,398	4,109	4,347
Investment banking and advisory fees	31,522	24,109	63,538	40,587
Trading income	11,313	7,896	21,564	13,835
Other	16,191	9,640	27,573	17,914
Total non-interest income	75,118	54,069	144,384	98,513
Non-interest expense
Salaries and benefits	123,339	120,154	262,686	251,795
Occupancy expense	12,359	12,144	24,764	22,988
Marketing	4,786	3,624	9,758	8,633
Legal and professional	14,700	11,069	26,680	26,058
Communications and technology	28,494	24,314	55,666	47,956
Federal Deposit Insurance Corporation insurance assessment	4,586	5,096	9,463	10,437
Available-for-sale debt securities gains/(losses)	0	(1,886)	0	(1,886)
Other	17,229	13,875	30,044	25,429
Total non-interest expense	205,493	190,276	419,061	393,296
Income before income taxes	112,002	102,188	206,419	162,646
Income tax expense	27,054	24,860	47,683	38,271
Net income	84,948	77,328	158,736	124,375
Preferred stock dividends	(4,312)	(4,312)	(8,625)	(8,625)
Net income available to common stockholders	80,636	73,016	150,111	115,750
Other comprehensive income
Change in unrealized gain/(loss)	(18,375)	20,038	(49,703)	70,317
Amounts reclassified into net income	2,606	9,967	5,163	20,326
Other comprehensive income/(loss)	(15,769)	30,005	(44,540)	90,643
Income tax expense/(benefit)	(3,628)	6,774	(10,245)	20,467
Other comprehensive income/(loss), net of tax	(12,141)	23,231	(34,295)	70,176
Comprehensive income	$ 72,807	$ 100,559	$ 124,441	$ 194,551
Basic earnings per common share
Basic earnings/(loss) per common share (in usd per share)	$ 1.85	$ 1.59	$ 3.42	$ 2.52
Diluted earnings per common share
Diluted earnings/(loss) per common share (in usd per share)	$ 1.83	$ 1.58	$ 3.39	$ 2.49

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net income	$ 158,736	$ 124,375
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	34,000	32,000
Depreciation and amortization	28,368	23,669
Net loss on available-for-sale debt securities	0	1,886
Debt and Equity Securities, Unrealized Gain (Loss)	3,521	(104)
Sales/(purchases) of trading debt securities, net	(1,385)	3,888
Loss on redemption of long-term debt	2,157	0
Stock-based compensation expense	27,273	20,377
Proceeds from sales and repayments of loans held for sale	21,333	0
Changes in operating assets and liabilities:
Accrued interest receivable and other assets	(29,275)	(66,954)
Accrued interest payable and other liabilities	(49,433)	(68,204)
Net cash provided by operating activities	191,023	63,365
Investing activities
Purchases of available-for-sale debt securities	(249,549)	(700,052)
Proceeds from sales of available-for-sale debt securities	0	280,402
Proceeds from maturities, redemptions and pay-downs of available-for-sale debt securities	348,440	238,840
Proceeds from maturities, redemptions and pay-downs of held-to-maturity debt securities	34,928	35,925
Sales/(purchases) of equity securities, net	2,090	6,465
Originations of loans held for investment, mortgage finance	(51,427,658)	(43,839,841)
Proceeds from pay-offs of loans held for investment, mortgage finance	51,108,296	43,165,826
Decrease/(increase) in loans held for investment, excluding mortgage finance, net	(642,436)	(824,215)
Purchase of premises and equipment, net	(11,353)	(7,960)
Net cash used in investing activities	(837,242)	(1,644,610)
Financing activities
Net increase/(decrease) in deposits, net	2,462,621	825,710
Issuance of stock related to stock-based awards	(9,201)	(6,913)
Dividends, Common Stock, Stock	8,707	0
Preferred stock dividends paid	(8,625)	(8,625)
Repurchase of common stock	(98,709)	(52,158)
Net increase/(decrease) in short-term borrowings, net	20,000	365,000
Redemption of long-term debt	(509,525)	(40,435)
Excess tax benefits from stock-based compensation arrangements	397,515	0
Net cash provided by financing activities	2,245,369	1,082,579
Net increase/(decrease) in cash and cash equivalents	1,599,150	(498,666)
Cash and cash equivalents at beginning of period	2,099,118	3,188,808
Cash and cash equivalents at end of period	3,698,268	2,690,142
Supplemental disclosures of cash flow information
Cash paid during the period for interest	369,935	386,987
Cash paid during the period for income taxes	67,238	52,813
Transfers of loans from held for investment to held for sale	$ 21,333	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and due from banks	$ 209,512	$ 201,315
Interest bearing cash and cash equivalents	3,488,756	1,897,803
Available-for-sale debt securities	3,826,284	3,951,455
Held-to-maturity debt securities	692,332	725,722
Equity securities	43,429	41,998
Trading debt securities	2,539	3,924
Debt and equity securities	4,564,584	4,723,099
Loans held for sale	0	4,361
Loans held for investment, mortgage finance	6,383,381	6,064,019
Loans held for investment	18,563,845	17,976,183
Allowance for credit losses on loans	268,268	270,557
Loans held for investment, net	24,678,958	23,769,645
Premises and equipment, net	91,852	88,003
Accrued interest receivable and other assets	878,203	854,552
Goodwill and intangibles, net	1,496	1,496
Total assets	33,913,361	31,540,274
Deposits [Abstract]
Non-interest bearing deposits	7,573,788	6,959,097
Interest bearing deposits	21,337,600	19,489,670
Total deposits	28,911,388	26,448,767
Accrued interest payable	19,291	6,716
Other liabilities	484,116	502,834
Short-term borrowings	350,000	330,000
Long-term debt	500,859	620,575
Total liabilities	30,265,654	27,908,892
Stockholders’ equity:
Preferred stock	300,000	300,000
Common stock	520	518
Additional paid-in capital	1,082,419	1,074,496
Retained earnings	2,950,049	2,808,645
Treasury stock - 8,542,539 and 7,532,768 shares at cost at June 30, 2026 and December 31, 2025, respectively	(586,401)	(487,692)
Accumulated other comprehensive loss, net of taxes	(98,880)	(64,585)
Total stockholders’ equity	3,647,707	3,631,382
Total liabilities and stockholders’ equity	$ 33,913,361	$ 31,540,274