Texas Capital Bancshares, Inc. (TCBI) Financial Ratios
27 years of historical data (1999–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
7.29
+6% vs avg
5yr avg: 6.87
30Y Low0.4·High36.1
P/FCF
↑
12.79
+13% vs avg
5yr avg: 11.34
30Y Low1.1·High37.3
P/B Ratio
↑
1.26
↑+22% vs avg
5yr avg: 1.03
30Y Low1.0·High2.9
ROE
↑
9.4%
↓+28% vs avg
5yr avg: 7.4%
30Y Low-21%·High17%
Debt/EBITDA
↓
1.98
↓-69% vs avg
5yr avg: 6.30
30Y Low2.0·High32.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TCBI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Texas Capital Bancshares, Inc. trades at 14.8x earnings, 36% below its 5-year average of 23.1x, sitting at the 22nd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a premium of 13%. On a free-cash-flow basis, the stock trades at 12.8x P/FCF, 13% above the 5-year average of 11.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.4B | $4.1B | $3.7B | $3.1B | $3.1B | $3.1B | $3.0B | $2.9B | $2.6B | $4.5B | $3.7B |
| Enterprise Value | $3.5B | $3.2B | $2.0B | $2.3B | $199M | $-1733843750 | $-2689044500 | $1.4B | $4.5B | $5.2B | $3.4B |
| P/E Ratio → | 14.79 | 13.31 | 61.09 | 18.26 | 9.76 | 13.10 | 53.12 | 9.14 | 8.82 | 23.83 | 25.21 |
| P/S Ratio | 2.22 | 2.06 | 2.09 | 1.75 | 2.47 | 3.12 | 2.56 | 1.99 | 2.09 | 4.76 | 4.81 |
| P/B Ratio | 1.26 | 1.13 | 1.09 | 0.98 | 1.01 | 0.96 | 1.05 | 1.02 | 1.03 | 2.03 | 1.82 |
| P/FCF | 12.79 | 11.84 | 8.83 | 8.79 | 22.52 | 4.72 | 1.14 | — | — | 37.27 | — |
| P/OCF | 12.34 | 11.42 | 7.64 | 8.41 | 20.81 | 4.69 | 1.14 | — | — | 33.81 | — |
P/E links to full P/E history page with 30-year chart
TCBI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Texas Capital Bancshares, Inc.'s enterprise value stands at 7.3x EBITDA, 6% above its 5-year average of 6.9x. The Financial Services sector median is 11.5x, placing the stock at a 36% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.58 | 1.15 | 1.26 | 0.16 | -1.76 | -2.28 | 0.98 | 3.65 | 5.49 | 4.40 |
| EV / EBITDA | 7.29 | 6.60 | 12.59 | 7.87 | 0.42 | -4.02 | -16.11 | 3.24 | 11.04 | 14.57 | 12.76 |
| EV / EBIT | 7.89 | 7.14 | 18.97 | 9.16 | 0.46 | -5.13 | -29.25 | 3.54 | 11.99 | 15.82 | 13.91 |
| EV / FCF | — | 9.11 | 4.88 | 6.32 | 1.46 | -2.65 | -1.02 | — | — | 42.97 | — |
TCBI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Texas Capital Bancshares, Inc. earns an operating margin of 22.2%, roughly in line with the Financial Services sector average. Operating margins have expanded from 13.8% to 22.2% over the past 3 years, signaling improving operational efficiency. ROE of 9.4% is modest. ROIC of 7.0% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.6% | 60.6% | 49.2% | 56.0% | 73.1% | 92.1% | 62.1% | 67.9% | 72.6% | 82.7% | 81.6% |
| Operating Margin | 22.2% | 22.2% | 6.1% | 13.8% | 34.7% | 34.2% | 7.8% | 27.6% | 30.4% | 34.7% | 31.6% |
| Net Profit Margin | 16.5% | 16.5% | 4.4% | 10.6% | 26.7% | 25.7% | 5.6% | 21.7% | 23.9% | 21.0% | 20.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.4% | 9.4% | 2.4% | 6.0% | 10.6% | 8.4% | 2.3% | 11.8% | 12.5% | 9.4% | 8.5% |
| ROA | 1.1% | 1.1% | 0.3% | 0.7% | 1.1% | 0.7% | 0.2% | 1.0% | 1.1% | 0.8% | 0.8% |
| ROIC | 7.0% | 7.0% | 1.5% | 3.4% | 5.6% | 4.0% | 1.1% | 4.5% | 4.2% | 4.8% | 4.4% |
| ROCE | 2.5% | 2.5% | 2.4% | 5.6% | 9.9% | 6.1% | 1.5% | 6.1% | 5.9% | 6.4% | 5.9% |
TCBI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Texas Capital Bancshares, Inc. carries a Debt/EBITDA ratio of 2.0x, which is manageable (52% below the sector average of 4.1x). The company holds a net cash position — cash of $1.9B exceeds total debt of $951M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.46 | 0.74 | 0.70 | 0.97 | 1.22 | 1.05 | 1.97 | 1.62 | 1.25 |
| Debt / EBITDA | 1.98 | 1.98 | 9.58 | 8.22 | 4.47 | 7.25 | 21.02 | 6.77 | 12.18 | 10.07 | 9.52 |
| Net Debt / Equity | — | -0.26 | -0.49 | -0.28 | -0.94 | -1.50 | -1.98 | -0.52 | 0.76 | 0.31 | -0.15 |
| Net Debt / EBITDA | -1.97 | -1.97 | -10.19 | -3.08 | -6.04 | -11.16 | -34.15 | -3.36 | 4.70 | 1.94 | -1.18 |
| Debt / FCF | — | -2.73 | -3.95 | -2.47 | -21.07 | -7.37 | -2.16 | — | — | 5.71 | — |
| Interest Coverage | 0.60 | 0.60 | 0.13 | 0.34 | 1.61 | 3.14 | 0.49 | 1.03 | 1.50 | 2.76 | 3.79 |
Net cash position: cash ($1.9B) exceeds total debt ($951M)
TCBI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Texas Capital Bancshares, Inc.'s current ratio of 12.58x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.30x to 12.58x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 12.58 | 12.58 | 0.13 | 0.30 | 0.35 | 0.40 | 0.42 | 0.20 | 0.18 | 0.18 | 0.19 |
| Quick Ratio | 12.58 | 12.58 | 0.13 | 0.30 | 0.35 | 0.40 | 0.42 | 0.20 | 0.18 | 0.18 | 0.19 |
| Cash Ratio | 5.75 | 5.75 | 0.12 | 0.14 | 0.21 | 0.26 | 0.30 | 0.17 | 0.14 | 0.15 | 0.16 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
TCBI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Texas Capital Bancshares, Inc. returns 4.6% to shareholders annually — split between a 0.4% dividend yield and 4.2% buyback yield. The earnings yield of 6.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.4% | 0.5% | 0.5% | 0.6% | 0.6% | 0.3% | 0.3% | 0.4% | 0.2% | 0.3% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.8% | 7.5% | 1.6% | 5.5% | 10.2% | 7.6% | 1.9% | 10.9% | 11.3% | 4.2% | 4.0% |
| FCF Yield | 7.8% | 8.4% | 11.3% | 11.4% | 4.4% | 21.2% | 87.6% | — | — | 2.7% | — |
| Buyback Yield | 4.2% | 4.5% | 2.2% | 3.3% | 3.7% | 4.9% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.6% | 4.9% | 2.7% | 3.9% | 4.3% | 5.5% | 0.3% | 0.3% | 0.4% | 0.2% | 0.3% |
| Shares Outstanding | — | $45M | $47M | $49M | $51M | $51M | $51M | $50M | $50M | $50M | $47M |
Peer Comparison
Compare TCBI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TCBIYou | $4B | 14.8 | 7.3 | 12.8 | 60.6% | 22.2% | 9.4% | 7.0% | 2.0 |
 IBOC | $5B | 11.1 | 8.7 | 9.2 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 FFIN | $5B | 20.8 | 14.2 | 15.7 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
 BOKF | $10B | 16.4 | 17.2 | 7.2 | 57.1% | 19.8% | 9.8% | 4.1% | 5.8 |
 CULP | $46M | -2.4 | — | — | 12.5% | -4.2% | -28.6% | -9.6% | — |
 CFR | $9B | 14.0 | 5.4 | 68.5 | 75.0% | 26.4% | 15.3% | 6.5% | 5.5 |
 SBCF | $3B | 19.6 | 22.4 | 16.9 | 61.6% | 21.4% | 5.5% | 3.9% | 7.2 |
 WAL | $9B | 9.4 | 9.9 | — | 61.1% | 22.9% | 13.2% | 6.5% | 5.4 |
 WTFC | $10B | 13.1 | 11.7 | 11.1 | 62.2% | 26.4% | 12.1% | 7.5% | 3.7 |
 UMBF | $10B | 14.4 | 12.1 | 10.2 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 HBAN | $26B | 11.6 | 15.7 | 11.2 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTCBI — Frequently Asked Questions
Quick answers to the most common questions about buying TCBI stock.
What is Texas Capital Bancshares, Inc.'s P/E ratio?
Texas Capital Bancshares, Inc.'s current P/E ratio is 14.8x. The historical average is 21.6x. This places it at the 22th percentile of its historical range.
What is Texas Capital Bancshares, Inc.'s EV/EBITDA?
Texas Capital Bancshares, Inc.'s current EV/EBITDA is 7.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.6x.
What is Texas Capital Bancshares, Inc.'s ROE?
Texas Capital Bancshares, Inc.'s return on equity (ROE) is 9.4%. The historical average is 7.4%.
Is TCBI stock overvalued?
Based on historical data, Texas Capital Bancshares, Inc. is trading at a P/E of 14.8x. This is at the 22th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Texas Capital Bancshares, Inc.'s dividend yield?
Texas Capital Bancshares, Inc.'s current dividend yield is 0.38%.
What are Texas Capital Bancshares, Inc.'s profit margins?
Texas Capital Bancshares, Inc. has 60.6% gross margin and 22.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Texas Capital Bancshares, Inc. have?
Texas Capital Bancshares, Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.