Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 3

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 3
---
084 715,800 4.43 %15,714,128 268,479 1.71 %Non-interest bearing deposits9,013,038 9,814,517 12,951,134 Other liabilities532,058 460,779 301,251 Stockholders’ equity3,255,467 3,094,964 3,083,306 Total liabilities and stockholders’ equity$30,613,195 $29,537,344 $32,049,819 Net interest income$901,713 $914,535 $877,013 Net interest margin3.03 %3.17 %2.79 %

(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. Loan interest income includes loan fees totaling $54.6 million, $47.2 million and $37.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(4)In the first quarter of 2024, enhancements were made to the Company’s methodology for applying relationship pricing credits to mortgage client loans. To conform to the current period presentation, certain prior period interest income amounts have been reclassified from loans held for investment, mortgage finance to loans held for investment and related yields have been adjusted accordingly.

35

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.

 Years Ended December 31,2024/20232023/2022 NetChangeChange Due To(1)NetChangeChange Due To(1)(in thousands)VolumeYield/Rate(2)VolumeYield/Rate(2)Interest incomeInvestment securities$39,925 $5,298 $34,627 $44,273 $10,764 $33,509 Interest bearing cash and cash equivalents(17,570)(20,997)3,427 123,705 (26,299)150,004 Loans held for sale(424)(629)205 (20,699)(22,063)1,364 Loans held