Texas Capital Bancshares, Inc. (TCBI) 10-Year Financial Performance & Capital Metrics

TCBI • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutTexas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking, consumer banking, investment banking, and wealth management services. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as information, wire transfer initiation, ACH initiation, account transfer, and service integration services; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial loans for general corporate purposes comprising financing working capital, internal growth, acquisitions, and business insurance premiums, as well as consumer loans; loans to exploration and production companies; mortgage finance loans; commercial real estate and residential homebuilder finance loans; first and second lien loans for the purpose of purchasing or constructing 1-4 family residential dwellings, as well as home equity revolving lines of credit and loans to purchase lots for future construction of 1-4 family residential dwellings; and real estate loans originated through a small business administration program, as well as equipment finance and leasing services, and letters of credit. In addition, it offers online and mobile banking, and debit and credit card services; escrow services; personal wealth management and trust services; and depositors American Airlines AAdvantage miles. It operates in Austin, Fort Worth, Dallas, Houston, and San Antonio metropolitan areas of Texas. Texas Capital Bancshares, Inc. was incorporated in 1996 and is headquartered in Dallas, Texas.Show more

Net Interest Income $901M -1.4%
Total Revenue $1.76B -1.7%
Net Income $78M -59.0%
Return on Equity 2.36% -61.0%
Net Interest Margin 2.93% -9.0%
Efficiency Ratio 43.07% +1.9%
ROA 0.26% -60.6%
Equity / Assets 10.96% -2.9%
Book Value per Share 71.67 +8.9%
Tangible BV/Share 71.64 +8.9%
Debt/Equity 0.46 -37.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 43.1% efficiency ratio
✓Well capitalized: 11.0% equity/assets
✓Share count reduced 3.3% through buybacks
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

✗Profits declining 24.3% over 5 years

Price & Volume

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Growth Metrics

Revenue CAGR

10Y12.2%

5Y4.17%

3Y21.28%

TTM-

Profit (Net Income) CAGR

10Y-5.49%

5Y-24.31%

3Y-32.67%

TTM981.23%

EPS CAGR

10Y-7.79%

5Y-27.08%

3Y-34.71%

TTM3494.12%

ROCE

10Y Avg5.64%

5Y Avg5.09%

3Y Avg5.95%

Latest2.37%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	556.53M	639.81M	761.33M	914.86M	969.23M	851.32M	768.78M	875.76M	914.12M	901.3M
NII Growth %	0.17%	0.15%	0.19%	0.2%	0.06%	-0.12%	-0.1%	0.14%	0.04%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	602.96M	703.41M	879.3M	1.16B	1.35B	1.04B	876.59M	1.14B	1.63B	1.73B
Interest Expense	46.43M	63.59M	117.97M	249.33M	385.59M	188.09M	107.75M	268.48M	715.8M	828.25M
Loan Loss Provision	53.25M	77M	44M	87M	75M	258M	-30M	66M	72M	67M
Non-Interest Income+	47.72M	59.08M	58.75M	63.09M	80.36M	138.4M	110.47M	101M	161.42M	31.05M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	650.68M	762.49M	938.05M	1.23B	1.44B	1.18B	987.05M	1.25B	1.79B	1.76B
Revenue Growth %	0.17%	0.17%	0.23%	0.31%	0.17%	-0.18%	-0.16%	0.26%	0.44%	-0.02%
Non-Interest Expense	326.52M	380.69M	450.37M	517.6M	578.28M	639.77M	571.25M	479.01M	756.95M	758.28M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	224.5M	241.2M	325.71M	373.35M	396.31M	91.95M	338.06M	431.75M	246.59M	107.06M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.06%	0.07%	0.35%	0.15%	0.06%	-0.77%	2.68%	0.28%	-0.43%	-0.57%
Pretax Income+	224.5M	241.2M	325.71M	373.35M	396.31M	91.95M	338.06M	431.75M	246.59M	107.06M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	79.64M	86.08M	128.65M	79.96M	84.3M	25.66M	84.12M	99.28M	57.45M	29.55M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	144.85M	155.12M	197.06M	293.39M	312.01M	66.29M	253.94M	332.48M	189.14M	77.51M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.06%	0.07%	0.27%	0.49%	0.06%	-0.79%	2.83%	0.31%	-0.43%	-0.59%
Net Income (Continuing)	144.85M	155.12M	197.06M	293.39M	312.01M	66.29M	253.94M	332.48M	189.14M	77.51M
EPS (Diluted)+	2.91	3.11	3.73	5.79	6.21	1.12	4.60	6.18	3.54	1.28
EPS Growth %	0.01%	0.07%	0.2%	0.55%	0.07%	-0.82%	3.11%	0.34%	-0.43%	-0.64%
EPS (Basic)	2.95	3.14	3.78	5.83	6.23	1.12	4.65	6.25	3.58	1.29
Diluted Shares Outstanding	46.44M	46.77M	50.26M	50.27M	50.42M	50.58M	51.14M	51.05M	48.61M	46.99M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	1.74B	2.81B	2.88B	3.03B	4.4B	9.21B	7.95B	5.01B	3.24B	3.19B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	16.69B	18.32B	21.52B	24.47B	27.27B	27.66B	26.19B	22.66B	24.28B	26.57B
Investments Growth %	0.18%	0.1%	0.17%	0.14%	0.11%	0.01%	-0.05%	-0.13%	0.07%	0.09%
Long-Term Investments	16.66B	18.3B	21.5B	24.35B	27.03B	24.46B	22.65B	20.04B	21.05B	26.39B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	15.09M	15.09M	15.09M	15.09M	15.09M	15.09M	15.09M	1.5M	1.5M	1.5M
Intangible Assets	5.29M	32.95M	89.27M	45.95M	67.91M	108M	2.17M	0	0	0
PP&E (Net)	23.56M	19.77M	25.18M	23.8M	31.21M	24.55M	20.9M	26.38M	32.37M	85.44M
Other Assets	55M	25M	30M	50.19M	30M	0	0	0	0	881.66M
Total Current Assets	2.15B	3.31B	3.42B	3.78B	5.38B	13.12B	12.09B	8.35B	7.27B	3.37B
Total Non-Current Assets	16.76B	18.39B	21.66B	24.48B	27.17B	24.61B	22.69B	20.07B	21.09B	27.36B
Total Assets+	18.91B	21.7B	25.08B	28.26B	32.55B	37.73B	34.73B	28.41B	28.36B	30.73B
Asset Growth %	0.19%	0.15%	0.16%	0.13%	0.15%	0.16%	-0.08%	-0.18%	-0%	0.08%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0.01%	0.01%	0.01%	0%
Accounts Payable	5.1M	5.5M	7.68M	20.68M	12.76M	11.15M	7.7M	24M	33.23M	23.68M
Total Debt+	2.04B	2.5B	3.56B	4.94B	2.94B	3.51B	3.13B	2.13B	2.36B	1.55B
Net Debt	301.27M	-310.33M	684.26M	1.91B	-1.46B	-5.7B	-4.82B	-2.88B	-883.7M	-1.64B
Long-Term Debt	1.89B	2.39B	3.19B	4.3B	2.8B	3.4B	928.74M	931.44M	859.15M	660.35M
Short-Term Debt	143.05M	109.58M	365.04M	641.17M	141.77M	111.75M	2.2B	1.2B	1.5B	885M
Other Liabilities	153.43M	161.22M	182.21M	194.24M	318.09M	339.49M	273.49M	345.83M	392.9M	556.32M
Total Current Liabilities	15.23B	17.13B	19.5B	21.27B	26.63B	31.12B	30.32B	24.08B	23.91B	26.15B
Total Non-Current Liabilities	2.05B	2.56B	3.38B	4.49B	3.11B	3.74B	1.2B	1.28B	1.25B	1.22B
Total Liabilities	17.29B	19.69B	22.87B	25.76B	29.72B	34.85B	31.52B	25.36B	25.16B	27.36B
Total Equity+	1.62B	2.01B	2.2B	2.5B	2.8B	2.87B	3.21B	3.06B	3.2B	3.37B
Equity Growth %	0.09%	0.24%	0.1%	0.14%	0.12%	0.02%	0.12%	-0.05%	0.05%	0.05%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.09%	0.09%	0.09%	0.12%	0.12%	0.02%	0.08%	0.11%	0.06%	0.02%
Book Value per Share	34.96	42.97	43.83	49.74	55.56	56.76	62.76	59.85	65.81	71.67
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	459K	495K	496K	502K	503K	504K	506K	509K	511K	515K
Additional Paid-in Capital	714.55M	955.47M	961.3M	967.89M	978.21M	991.9M	1.01B	1.03B	1.05B	1.06B
Retained Earnings	757.82M	903.19M	1.09B	1.38B	1.66B	1.71B	1.95B	2.26B	2.44B	2.5B
Accumulated OCI	718K	415K	428K	518K	8.95M	15.77M	-47.72M	-418.94M	-362M	-183.11M
Treasury Stock	-8K	-8K	-8K	-8K	-8K	-8K	-8K	-115.31M	-220.33M	-301.84M
Preferred Stock	150M	150M	150M	150M	150M	150M	300M	300M	300M	300M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	68.94M	-726.29M	132.16M	-679.72M	-240.19M	2.64B	657.32M	147.97M	373.74M	481.12M
Operating CF Growth %	-0.56%	-11.53%	1.18%	-6.14%	0.65%	11.99%	-0.75%	-0.77%	1.53%	0.29%
Net Income	144.85M	155.12M	197.06M	293.39M	312.01M	66.29M	253.94M	332.48M	189.14M	77.51M
Depreciation & Amortization	16.5M	21.81M	27.87M	32.02M	37.27M	74.92M	93.41M	45.28M	40.47M	54.23M
Deferred Taxes	-3.56M	-2.95M	31.28M	-6.4M	10.8M	-7.96M	-20.25M	-17.39M	-17.78M	-16.09M
Other Non-Cash Items	-36.59M	-849.45M	-50.64M	-894.53M	-573.07M	2.47B	214.94M	-210.87M	187.18M	303.51M
Working Capital Changes	-64.56M	-64.41M	-95.43M	-121.13M	-44.8M	16.4M	83.96M	-22.96M	-49.47M	37.27M
Cash from Investing+	-2.46B	-850.21M	-3.22B	-1.99B	-2.28B	-2.94B	1.23B	3.31B	-1.76B	-2.48B
Purchase of Investments	0	-1.76M	-97.78M	-101.56M	-113.23M	-3B	-1.06B	-920.22M	-863.69M	-2.02B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	3.32B	0	0
Other Investing	-2.47B	-852.68M	-3.2B	-1.89B	-2.15B	16.62M	1.73B	384.12M	-1.23B	-2.17B
Cash from Financing+	2.85B	2.62B	3.15B	2.85B	3.86B	5.08B	-3.15B	-6.39B	-387.67M	1.94B
Dividends Paid	-9.75M	-9.75M	-9.75M	-9.75M	-9.75M	-9.75M	-18.72M	-17.25M	-17.25M	-17.25M
Share Repurchases	0	0	0	0	0	0	-150M	-115.3M	-105.02M	-81.51M
Stock Issued	260K	233.99M	-2.24M	-2.38M	-1.46M	-1.99M	286.6M	-4.21M	-4.21M	-9.06M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K
Other Financing	2.46B	1.9B	2.36B	1.76B	5.37B	4.52B	-2.89B	-5.26B	-485.04M	2.87B
Net Change in Cash+	460.36M	1.05B	66.24M	174.47M	1.35B	4.78B	-1.26B	-2.93B	-1.77B	-54.04M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	1.33B	1.79B	2.84B	2.91B	3.08B	4.43B	9.21B	7.95B	5.01B	3.24B
Cash at End	1.79B	2.84B	2.91B	3.08B	4.43B	9.21B	7.95B	5.01B	3.24B	3.19B
Interest Paid	46.08M	63.19M	115.79M	236.34M	393.51M	189.7M	111.2M	252.18M	773.03M	837.8M
Income Taxes Paid	87.45M	88.26M	103.87M	75.41M	89.97M	26.15M	101.1M	128.44M	71.94M	52.81M
Free Cash Flow+	63.91M	-728.47M	119.9M	-687.37M	-256.84M	2.64B	653.19M	136.7M	357.36M	416.28M
FCF Growth %	-0.55%	-12.4%	1.16%	-6.73%	0.63%	11.27%	-0.75%	-0.79%	1.61%	0.16%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.32%	8.54%	9.36%	12.48%	11.77%	2.34%	8.35%	10.61%	6.05%	2.36%
Return on Assets (ROA)	0.83%	0.76%	0.84%	1.1%	1.03%	0.19%	0.7%	1.05%	0.67%	0.26%
Net Interest Margin	2.94%	2.95%	3.04%	3.24%	2.98%	2.26%	2.21%	3.08%	3.22%	2.93%
Efficiency Ratio	50.18%	49.93%	48.01%	42.17%	40.29%	54.32%	57.87%	38.47%	42.26%	43.07%
Equity / Assets	8.59%	9.26%	8.78%	8.85%	8.61%	7.61%	9.24%	10.75%	11.28%	10.96%
Book Value / Share	34.96	42.97	43.83	49.74	55.56	56.76	62.76	59.85	65.81	71.67
NII Growth	16.68%	14.96%	18.99%	20.17%	5.94%	-12.17%	-9.7%	13.92%	4.38%	-1.4%

Frequently Asked Questions

Valuation & Price

Texas Capital Bancshares, Inc. (TCBI) has a price-to-earnings (P/E) ratio of 76.9x. This suggests investors expect higher future growth.

Growth & Financials

Texas Capital Bancshares, Inc. (TCBI) saw revenue decline by 1.7% over the past year.

Yes, Texas Capital Bancshares, Inc. (TCBI) is profitable, generating $288.0M in net income for fiscal year 2024 (4.4% net margin).

Dividend & Returns

Yes, Texas Capital Bancshares, Inc. (TCBI) pays a dividend with a yield of 0.37%. This makes it attractive for income-focused investors.

Texas Capital Bancshares, Inc. (TCBI) has a return on equity (ROE) of 2.4%. This is below average, suggesting room for improvement.

Industry Metrics

Texas Capital Bancshares, Inc. (TCBI) has a net interest margin (NIM) of 2.9%. NIM has been under pressure due to interest rate environment.

Texas Capital Bancshares, Inc. (TCBI) has an efficiency ratio of 43.1%. This is excellent, indicating strong cost control.

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