Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 81

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 8
Chunk 81
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 4.67 %Short-term borrowings751,500 8,246 4.45 %912,088 12,783 5.64 %Long-term debt660,445 8,073 4.96 %859,509 13,986 6.54 %Total interest bearing liabilities19,261,822 191,255 4.03 %16,907,092 202,369 4.81 %Non-interest bearing deposits7,875,244 8,637,775 Other liabilities552,154 509,286 Stockholders’ equity3,414,389 3,196,329 Total liabilities and stockholders’ equity$31,103,609 $29,250,482 Net interest income$236,504 $215,075 Net interest margin3.19 %3.03 %

(1)Taxable equivalent rates used where applicable.

(2)Yields on investment securities are calculated using available-for-sale securities at amortized cost.

(3)Average balances include non-accrual loans.

22

Volume/Rate Analysis

The following table presents the changes in taxable equivalent net interest income and identifies the changes due to differences in the average volume of earning assets and interest bearing liabilities and the changes due to differences in the average interest rate on those assets and liabilities.

Three Months Ended March 31,Three Months Ended March 31, 2025/20242024/2023 NetChangeChange Due To(1)NetChangeChange Due To(1)(in thousands)VolumeYield/Rate(2)VolumeYield/Rate(2)Interest incomeInvestment securities$14,421 $1,133 $13,288 $6,852 $1,376 $5,476 Interest bearing cash and cash equivalents(7,781)2,741 (10,522)(8,081)(16,973)8,892 Loans 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