Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 127

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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323 $37,848 $4,692 $33,156 Interest bearing cash and cash equivalents(20,535)(13,839)(6,696)(42,331)(19,501)(22,830)Loans held for sale(565)(565)— (2,430)(2,425)(5)Loans held for investment, mortgage finance5,233 3,380 1,853 28,290 17,274 11,016 Loans held for investment13,380 26,662 (13,282)15,397 67,769 (52,372)Total interest income8,525 18,327 (9,802)36,774 67,809 (31,035)Interest expenseTransaction deposits(1,985)2,112 (4,097)(8,186)4,710 (12,896)Savings deposits(4,443)29,072 (33,515)(16,557)73,372 (89,929)Time deposits(3,048)1,122 (4,170)8,121 17,833 (9,712)Short-term borrowings(13,250)(13,196)(54)(27,092)(24,226)(2,866)Long-term debt(861)(506)(355)(10,301)(5,404)(4,897)Total interest expense(23,587)18,604 (42,191)(54,015)66,285 (120,300)Net interest income$32,112 $(277)$32,389 $90,789 $1,524 $89,265 

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

(2)Taxable equivalent rates used where applicable assuming a 21% tax rate.

Net Interest Income

Net interest income was $271.8 million for the three months ended September 30, 2025, compared to $240.1 million for the same period in 2024. The increase was primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by a decrease in earning asset yields and an increase in average interest bearing liabilities. 

Average earning assets for the three months ended September 30, 2025 increased $1.0 billion compared to the same period in 2024, which included increases