Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 3

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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 per common share was $2.18 for the third quarter of 2025, compared to net loss per common share of $1.41 for the same period in 2024. ROE was 12.04% and ROA was 1.30% for the third quarter of 2025, compared to (8.87)% and (0.78)%, respectively, for the same period in 2024. The increase in net income for the third quarter of 2025 compared to the third quarter of 2024 resulted primarily from increases in net interest income and non-interest income.

Nine months ended September 30, 2025 compared to nine months ended September 30, 2024

The Company reported net income of $229.6 million and net income available to common stockholders of $216.6 million for the nine months ended September 30, 2025, compared to net income of $6.5 million and net loss available to common stockholders of $6.5 million for the same period in 2024. On a fully diluted basis, earnings per common share was $4.67 for the nine months ended September 30, 2025, compared to loss per common share of $0.14 for the same period in 2024. ROE was 9.02% and ROA was 0.97% for the nine months ended September 30, 2025, compared to (0.30)% and 0.03%, respectively, for the same period in 2024. The increase in net income for the nine months ended September 30, 2025 compared to the same period in 2024 resulted primarily from increases in net interest income and non-interest income.

Details of the changes in the various components of net income are discussed below.

24

Taxable Equivalent Net Interest Income Analysis - Quarterly(1)

Three Months Ended September 30, 2025Three Months Ended September 30, 2024(dollars in thousands)AverageBalanceIncome/ExpenseYield/RateAverageBalanceIncome/ExpenseYield/RateAssetsInvestment securities(2)$4,635,066 $49,401 4.14 %$4,314,834 $38,389 3.34 %Interest bearing cash and cash equivalents2,920,102 32,202 4.38 %3,958,843 52,737 5.30 %Loans held for