Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 79

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 8
Chunk 79
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,(dollars in thousands except per share data)20252024Net interest income$236,034 $215,009 Provision for credit losses17,000 19,000 Non-interest income44,444 41,319 Non-interest expense203,020 202,393 Income before income taxes60,458 34,935 Income tax expense13,411 8,793 Net income47,047 26,142 Preferred stock dividends4,313 4,313 Net income available to common stockholders$42,734 $21,829 Basic earnings per common share$0.93 $0.46 Diluted earnings per common share$0.92 $0.46 Net interest margin3.19 %3.03 %Return on average assets (“ROA”)0.61 %0.36 %Return on average common equity (“ROE”)5.56 %3.03 %Efficiency ratio(1)72.4 %79.0 %Non-interest income to average earning assets0.60 %0.59 %Non-interest expense to average earning assets2.75 %2.89 %

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

Three months ended March 31, 2025 compared to three months ended March 31, 2024

The Company reported net income of $47.0 million and net income available to common stockholders of $42.7 million for the three months ended March 31, 2025, compared to net income of $26.1 million and net income available to common stockholders of $21.8 million for the same period in 2024. On a fully diluted basis, earnings per common share was $0.92 for the three months ended March 31, 2025, compared to $0.46 for the same period in 2024. ROE was 5.56% and ROA was 0.61% for the three months ended March 31, 2025, compared to 3.03% and 0.36%, respectively, for the same period in 2024. The increase in net income for the three months ended March 31, 2025 compared to the same period in 2024 resulted primarily from an increase in net interest income.

Details of the changes in the various components of net