Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 1

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 1
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28 for the year ended December 31, 2024, compared to $3.54 for the same period in 2023. ROE was 2.04% and ROA was 0.25% for the year ended December 31, 2024, compared to 6.15% and 0.64%, respectively, for the same period in 2023. The decrease in net income for the year ended December 31, 2024 compared to the same period in 2023 resulted primarily from a decrease in non-interest income, primarily as a result of the $179.6 million loss on sale of available-for-sale debt securities recognized during the third quarter of 2024 in connection with strategic balance sheet repositioning undertaken by the Company.

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

34

Taxable Equivalent Net Interest Income Analysis - Year to Date(1)

Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022(dollars in thousands)AverageBalanceRevenue /ExpenseYield /RateAverageBalanceRevenue /ExpenseYield /RateAverageBalanceRevenue /ExpenseYield /RateAssetsInvestment securities(2)$4,386,458 $148,219 3.17 %$4,162,931 $108,294 2.37 %$3,525,986 $64,021 1.69 %Interest bearing cash and cash equivalents3,940,590 203,406 5.16 %4,353,911 220,976 5.08 %5,967,329 97,271 1.63 %Loans held for sale25,855 2,432 9.41 %33,166 2,856 8.61 %528,973 23,555 4.45 %Loans held for investment, mortgage finance(4)4,612,994 179,233 3.89 %4,080,263 171,366 4.20 %5,285,612 201,680 3.82 %Loans held for investment(3)(4)16,746,912 1,196,673 7.15 %16,076,646 1,126,843 7.01 %16,063,