Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 38

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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 held for sale(1,182)(1,177)(5)246 168 78 Loans held for investment, mortgage finance7,072 4,067 3,005 (5,964)2,660 (8,624)Loans held for investment(2,215)18,141 (20,356)39,066 15,514 23,552 Total interest income10,315 24,905 (14,590)32,119 2,745 29,374 Interest expenseTransaction deposits(2,950)1,317 (4,267)13,005 6,164 6,841 Savings deposits(3,213)23,340 (26,553)31,083 2,046 29,037 Time deposits5,499 7,796 (2,297)11,418 2,152 9,266 Short-term borrowings(4,537)(2,252)(2,285)(1,961)(3,967)2,006 Long-term debt(5,913)(3,237)(2,676)(997)(1,175)178 Total interest expense(11,114)26,964 (38,078)52,548 5,220 47,328 Net interest income$21,429 $(2,059)$23,488 $(20,429)$(2,475)$(17,954)

(1)Yield/rate and volume variances are allocated to yield/rate.

(2)Taxable equivalent rates used where applicable assuming a 21% tax rate.

Net Interest Income

Net interest income was $236.0 million for the three months ended March 31, 2025, compared to $215.0 million for the same period in 2024. The increase was primarily due to an increase in average total loans held for investment and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities and a decrease in earning asset yields.

Average earning assets increased $1.8 billion for the three months ended March 31, 2025, compared to the same period in 2024, which included increases of $1.5 billion in average total loans held for investment, $164.5 million in average investment securities and $204.2 million in average interest bearing cash and cash equivalents. Average interest bearing liabilities increased $2.