Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 9

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 to the same 

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period in 2024, primarily due to an increase of $2.7 billion in average interest bearing deposits, partially offset by decreases of $586.2 million in average short-term borrowings and $122.3 million in average long-term debt. Average non-interest bearing deposits for the nine months ended September 30, 2025 decreased to $8.1 billion from $8.9 billion for the same period in 2024.

Net interest margin for the nine months ended September 30, 2025 was 3.34%, compared to 3.07% 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 6.39% for the nine months ended September 30, 2025, compared to 6.66% for the same period in 2024, and the yield on earning assets decreased to 5.82% for the nine months ended September 30, 2025, compared to 5.90% for the same period in 2024. Total cost of deposits decreased to 2.67% for the nine months ended September 30, 2025 from 2.97% for the same period in 2024 and total funding costs, including non-interest bearing deposits and stockholders' equity, decreased to 2.44% for the nine months ended September 30, 2025, compared to 2.80% for the same period in 2024. 

Non-interest Income 

Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2025202420252024Service charges on deposit accounts$8,111 $6,307 $24,133 $18,557 Wealth management and trust fee income3,989 4,040 11,683 11,306 Brokered loan fees2,419 2,400 6,766 6,442 Investment banking and advisory fees33,985 34,753 74,572 78,225 Trading income7,238 5,786 21,073 16,148 Available-for-sale debt securities losses— (179,581)(1,886)(179,581)Other12,841 11,524 30,755 25,875 Total non-interest income$68,583 $(114,771)$167,096