Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 77

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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893 Net interest margin3.34 %3.07 %

(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.

26

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.

Three Months Ended September 30,Nine Months Ended September 30, 2025/20242025/2024 NetChangeChange Due To(1)NetChangeChange Due To(1)(in thousands)VolumeYield/Rate(2)VolumeYield/Rate(2)Interest incomeInvestment securities$11,012 $2,689 $8,323 $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