Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 123

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 8
Chunk 123
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 2024. The increase in net income for the second quarter of 2025 compared to the second quarter of 2024 resulted primarily from an increase in net interest income.

Six months ended June 30, 2025 compared to six months ended June 30, 2024

The Company reported net income of $124.4 million and net income available to common stockholders of $115.8 million for the six months ended June 30, 2025, compared to net income of $67.8 million and net income available to common stockholders of $59.2 million for the same period in 2024. On a fully diluted basis, earnings per common share was $2.49 for the six months ended June 30, 2025, compared to $1.25 for the same period in 2024. ROE was 7.40% and ROA was 0.80% for the six months ended June 30, 2025, compared to 4.14% and 0.46%, respectively, for the same period in 2024. The increase in net income for the six months ended June 30, 2025 compared to the same period in 2024 resulted primarily from an increase in net interest income.

Details of the changes in the various components of net income are discussed below.

25

Taxable Equivalent Net Interest Income Analysis - Quarterly(1)

Three Months Ended June 30, 2025Three Months Ended June 30, 2024(dollars in thousands)AverageBalanceIncome/ExpenseYield/RateAverageBalanceIncome/ExpenseYield/RateAssetsInvestment securities(2)$4,573,164 $45,999 3.93 %$4,427,023 $33,584 2.80 %Interest bearing cash and cash equivalents2,661,037 29,218 4.40 %3,273,069 43,233 5.31 %Loans held for sale— — — %28,768 683 9.55 %Loans held for investment, mortgage finance5,327,559 58,707 4.42 %4,357,288 42,722 3.94 %Loans held for investment(3)18,018,626 306,142 6.81 %16,750,788 301,910 7.25 %Less