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Texas 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 solutions, including capital markets, mergers and acquisitions, and syndicated finance, as well as financial sponsor coverage, capital solutions, and institutional services; and wealth management services, such as investment management, financial planning, lockbox and insurance, securities-based lending, estate planning, and business succession, as well as philanthropic, trustee and executor, custom credit, and depository services. It also provides deposit accounts, analyzed accounts, commercial card, SBA and business loans, packaged solutions, and merchant services; liquidity and investments, working capital, international trade and payment, and treasury and credit products; and commercial real estate, homebuilder and community, and mortgage finance. In addition, the company offers payables and receivables management; online and mobile banking; term loans and lines of credit, equipment finance and lease, acquisition finance, and asset-based lending; private wealth advisory solutions; and checking and savings accounts, debit and credit cards, and certificates of deposit, as well as ETF and funds management services. Further, it provides financial institution money market accounts and loan syndication products; commercial loans for financing for working capital, organic growth, and acquisitions; real estate term and construction loans; mortgage warehouse lending services; treasury management, trust, and advisory and escrow services; and letters of credit. The company operates in Austin, Dallas, Fort Worth, Houston, and San Antonio metropolitan areas of Texas, as well as in California and New York. The company was incorporated in 1996 and is headquartered in Dallas, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | - | $330M | $348M | 9.1% | 34.7% | 326.1% |
| 2024 | $932M | - | $78M | $415M | 2.3% | -13.3% | -59.0% |
| 2023 | $1.1B | - | $189M | $357M | 5.9% | 10.1% | -43.1% |
| 2022 | $977M | - | $332M | $137M | 10.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 976.76 | 1,075.54 | 932.35 | 1,255.78 |
| Pretax Income | 431.75 | 246.59 | 107.06 | 432.71 |
| Tax Provision | 99.28 | 57.45 | 29.55 | 102.47 |
| Net Income | 332.48 | 189.14 | 77.51 | 330.24 |
| Net Income Common Stockholders | 315.23 | 171.89 | 60.26 | 312.99 |
| Interest Expense | 268.48 | 715.80 | 828.25 | 743.15 |
| Interest Income | 1,144.24 | 1,629.92 | 1,729.55 | 1,771.79 |
| Selling General And Administration | 481.64 | 522.33 | 512.28 | 515.86 |
| Normalized Income | 141.11 | 189.14 | 77.51 | 330.24 |
| Basic EPS | 6.25 | 3.58 | 1.29 | 6.86 |
| Diluted EPS | 6.18 | 3.54 | 1.28 | 6.79 |
| Tax Effect Of Unusual Items | 57.16 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.23 | 0.23 | 0.28 | 0.24 |
| Total Unusual Items | 248.53 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | 248.53 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 332.48 | 189.14 | 77.51 | 330.24 |
| Reconciled Depreciation | 45.28 | 40.47 | 54.23 | 52.17 |
| Net Interest Income | 875.76 | 914.12 | 901.30 | 1,028.64 |
| Net Income From Continuing And Discontinued Operation | 332.48 | 189.14 | 77.51 | 330.24 |
| Diluted Average Shares | 51.05 | 48.61 | 46.99 | 46.13 |
| Basic Average Shares | 50.44 | 48.01 | 46.71 | 45.63 |
| Diluted NI Availto Com Stockholders | 315.23 | 171.89 | 60.26 | 312.99 |
| Preferred Stock Dividends | 17.25 | 17.25 | 17.25 | 17.25 |
| Net Income Including Noncontrolling Interests | 332.48 | 189.14 | 77.51 | 330.24 |
| Net Income Continuous Operations | 332.48 | 189.14 | 77.51 | 330.24 |
| Special Income Charges | 248.53 | 0 | 0 | 0 |
| Gain On Sale Of Business | 248.53 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0 | 0.49 | -179.58 | -1.89 |
| Selling And Marketing Expense | 32.39 | 25.85 | 22.35 | 17.45 |
| General And Administrative Expense | 449.25 | 496.48 | 489.93 | 498.41 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 14.34 | 36.77 | 23.35 | 17.91 |
| Salaries And Wages | 434.91 | 459.70 | 466.58 | 480.50 |
| Operating Revenue | 976.76 | 1,075.54 | 932.35 | 1,255.78 |
| Occupancy And Equipment | 44.22 | 38.49 | 45.27 | 47.62 |
| Professional Expense And Contract Services Expense | 75.86 | 64.92 | 53.78 | 50.11 |
| Other Non Interest Expense | 125.81 | 131.20 | 146.96 | 154.48 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Texas Capital Bancshares, Inc.this co. | TCBI | $4.3B | 13.26 | 1.31 | 9.1% | - |
| PennyMac Financial Services, Inc. | PFSI | $4.6B | 9.59 | 1.08 | 11.6% | - |
| First Financial Bankshares, Inc. | FFIN | $4.6B | 17.30 | 2.36 | 13.2% | - |
| Miami International Holdings, Inc. | MIAX | $4.5B | - | 4.63 | -7.9% | 28.06 |
| International Bancshares Corporation |
| IBOC |
| $4.4B |
| 10.75 |
| 1.36 |
| 12.7% |
| - |
| Lemonade, Inc. | LMND | $4.3B | - | 7.97 | -31.0% | -33.42 |
| Eastern Bankshares, Inc. | EBC | $4.3B | 10.99 | 1.03 | 2.0% | - |
| CNO Financial Group, Inc. | CNO | $4.2B | 19.42 | 1.60 | 8.7% | 7.53 |
| Marex Group plc | MRX | $3.9B | 13.89 | 3.30 | 24.3% | - |
| Peer Median | - | 12.44 | 1.98 | 10.2% | 7.53 | |