Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 36

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 36
---
% 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 income are discussed below.

21

Taxable Equivalent Net Interest Income Analysis - Year to Date(1)

Three Months Ended March 31, 2025Three Months Ended March 31, 2024(dollars in thousands)AverageBalanceRevenue /ExpenseYield /RateAverageBalanceRevenue /ExpenseYield /RateAssetsInvestment securities(2)$4,463,876 $46,565 4.10 %$4,299,368 $32,144 2.77 %Interest bearing cash and cash equivalents4,255,796 46,574 4.44 %4,051,627 54,355 5.40 %Loans held for sale335 2 2.97 %51,164 1,184 9.31 %Loans held for investment, mortgage finance3,972,106 38,527 3.93 %3,517,707 31,455 3.60 %Loans held for investment(3)17,527,070 296,091 6.85 %16,522,089 298,306 7.26 %Less: Allowance for credit losses on loans272,758 — — %249,936 — — %Loans held for investment, net21,226,418 334,618 6.39 %19,789,860 329,761 6.70 %Total earning assets29,946,425 427,759 5.76 %28,192,019 417,444 5.88 %Cash and other assets1,157,184 1,058,463 Total assets$31,103,609 $29,250,482 Liabilities and Stockholders’ EquityTransaction deposits$2,163,250 $13,908 2.61 %$2,006,493 $16,858 3.38