Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 4

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 4
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 for investment, mortgage finance7,867 22,375 (14,508)(30,314)(46,044)15,730 Loans held for investment69,830 46,986 22,844 367,878 623 367,255 Total interest income99,628 53,033 46,595 484,843 (83,019)567,862 Interest expenseTransaction deposits22,654 16,911 5,743 24,462 (2,103)26,565 Savings deposits92,020 53,780 38,240 328,706 14,253 314,453 Time deposits33,747 15,444 18,303 43,944 4,183 39,761 Short-term borrowings(20,648)(20,780)132 41,565 (8,057)49,622 Long-term debt(15,323)(9,345)(5,978)8,644 (2,360)11,004 Total interest expense112,450 56,010 56,440 447,321 5,916 441,405 Net interest income$(12,822)$(2,977)$(9,845)$37,522 $(88,935)$126,457 

(1)Yield/rate and volume variances are allocated to yield/rate.

(2)Taxable equivalent rates used where applicable.

Net Interest Income

Net interest income was $901.3 million for the year ended December 31, 2024 compared to $914.1 million for 2023. The decrease was primarily due to increases in average interest bearing liabilities and deposit costs, partially offset by increases in average earning assets and yields on average earning assets.

Average earning assets for the year ended December 31, 2024 increased $1.0 billion compared to the same period in 2023, which included increases of $1.2 billion in average total loans and $223.5 million in average investment securities, partially offset by a $413.3 million decrease in average interest bearing cash and cash equivalents. Average interest bearing liabilities increased $1.6 billion for the year ended December 31, 2024 compared to the same period in 2023, primarily due to a $2.2 billion increase in average interest bearing deposits, partially offset by decreases of $389.1 million in average short