Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 2

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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Provision for credit losses15,000 20,000 32,000 39,000 Non-interest income54,069 50,424 98,513 91,743 Non-interest expense190,276 188,409 393,296 390,802 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 $