Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 127

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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,251)1,246 (4,497)(6,201)2,569 (8,770)Savings deposits(8,901)20,874 (29,775)(12,114)44,190 (56,304)Time deposits5,670 8,944 (3,274)11,169 16,745 (5,576)Short-term borrowings(9,305)(8,539)(766)(13,842)(10,879)(2,963)Long-term debt(3,527)(1,898)(1,629)(9,440)(5,098)(4,342)Total interest expense(19,314)20,627 (39,941)(30,428)47,527 (77,955)Net interest income$37,248 $3,986 $33,262 $58,677 $1,790 $56,887 

(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 $253.4 million for the three months ended June 30, 2025, compared to $216.6 million for the same period in 2024. The increase was primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities. 

Average earning assets for the three months ended June 30, 2025 increased $1.7 billion compared to the same period in 2024, which included increases of $2.2 billion in average total loans held for investment and $146.1 million in average investment securities, partially offset by a $612.0 million decrease in average interest bearing cash and cash equivalents. Average interest bearing liabilities increased $1.8 billion for the three months ended June 30, 2025 compared to the same period in 2024, primarily due to a $2.6 billion increase in average interest bearing deposits, partially offset by decreases of $621.1 million in average short-term borrowings and $128.9 million in average long-term debt. Average non-interest bearing deposits for the three months ended June 30, 2025 decreased to $8.2 billion from $8.6 billion for the same period in 2024.

Net interest margin for the three months ended June