Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 6

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 2
Chunk 6
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 5.13 %Total interest bearing deposits18,077,015 349,734 3.90 %15,418,842 356,880 4.65 %Short-term borrowings527,608 11,690 4.47 %919,670 25,532 5.58 %Long-term debt654,927 16,003 4.93 %818,955 25,443 6.25 %Total interest bearing liabilities19,259,550 377,427 3.95 %17,157,467 407,855 4.78 %Non-interest bearing deposits8,034,196 8,642,685 Other liabilities513,728 523,520 Stockholders’ equity3,454,938 3,176,995 Total liabilities and stockholders’ equity$31,262,412 $29,500,667 Net interest income$490,398 $431,721 Net interest margin3.27 %3.02 %

(1)Taxable equivalent rates used where applicable.

(2)Yields on investment securities are calculated using available-for-sale securities at amortized cost.

(3)Average balances include non-accrual loans.

27

Volume/Rate Analysis

The following table presents the changes in taxable equivalent net interest income and identifies the changes due to differences in the average volume of earning assets and interest bearing liabilities and the changes due to differences in the average interest rate on those assets and liabilities.

Three Months Ended June 30,Six Months Ended June 30, 2025/20242025/2024 NetChangeChange Due To(1)NetChangeChange Due To(1)(in thousands)VolumeYield/Rate(2)VolumeYield/Rate(2)Interest incomeInvestment securities$12,415 $1,017 $11,398 $26,836 $2,159 $24,677 Interest bearing cash and cash equivalents(14,015)(8,080)(5,935)(21,796)(5,553)(16,243)Loans held for sale(683)(683)— (1,865)(1,860)(5)Loans held for investment, mortgage finance15,985 9,505 6,480 23,057 13,496 9,561 Loans held for investment4,232