Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 9

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 average long-term debt. Average non-interest bearing deposits for the six months ended June 30, 2025 decreased to $8.0 billion from $8.6 billion for the same period in 2024.

Net interest margin for the six months ended June 30, 2025 was 3.27%, compared to 3.02% for the same period of 2024. The increase was primarily due to a decrease in funding costs.

The yield on total loans held for investment decreased to 6.37% for the six months ended June 30, 2025, compared to 6.68% for the same period in 2024, and the yield on earning assets decreased to 5.78% for the six months ended June 30, 2025, compared to 5.87% for the same period in 2024. Total cost of deposits decreased to 2.70% for the six months ended June 30, 2025 from 2.98% for the same period in 2024 and total funding costs, including non-interest bearing deposits and stockholders' equity, decreased to 2.48% for the six months ended June 30, 2025, compared to 2.83% for the same period in 2024. 

Non-interest Income 

Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Service charges on deposit accounts$8,182 $5,911 $16,022 $12,250 Wealth management and trust fee income3,730 3,699 7,694 7,266 Brokered loan fees2,398 2,131 4,347 4,042 Investment banking and advisory fees24,109 25,048 40,587 43,472 Trading income7,896 5,650 13,835 10,362 Available-for-sale debt securities losses(1,886)— (1,886)— Other9,640 7,985 17,914 14,351 Total non-interest income$54,069 $50,424 $98,513 $91,743 

Non-interest income increased $3.6 million during the three months ended June 30, 2025, compared to the same period in 2024, primarily due to increases in service charges on deposit accounts, trading income and other