Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 122

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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 Income before income taxes102,188 58,597 162,646 93,532 Income tax expense24,860 16,935 38,271 25,728 Net income77,328 41,662 124,375 67,804 Preferred stock dividends4,312 4,312 8,625 8,625 Net income available to common stockholders$73,016 $37,350 $115,750 $59,179 Basic earnings per common share$1.59 $0.80 $2.52 $1.26 Diluted earnings per common share$1.58 $0.80 $2.49 $1.25 Net interest margin3.35 %3.01 %3.27 %3.02 %Return on average assets (“ROA”)0.99 %0.56 %0.80 %0.46 %Return on average common equity (“ROE”)9.17 %5.26 %7.40 %4.14 %Efficiency ratio(1)61.9 %70.6 %66.9 %74.7 %Non-interest income to average earning assets0.72 %0.71 %0.66 %0.65 %Non-interest expense to average earning assets2.52 %2.65 %2.63 %2.77 %

(1)    Non-interest expense divided by the sum of net interest income and non-interest income.

Three months ended June 30, 2025 compared to three months ended June 30, 2024

The Company reported net income of $77.3 million and net income available to common stockholders of $73.0 million for the second quarter of 2025, compared to net income of $41.7 million and net income available to common stockholders of $37.4 million for the second quarter of 2024. On a fully diluted basis, earnings per common share was $1.58 for the second quarter of 2025, compared to $0.80 for the same period in 2024. ROE was 9.17% and ROA was 0.99% for the second quarter of 2025, compared to 5.26% and 0.56%, respectively, for the same period in