Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 77

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 thousands)VolumeYield/Rate(2)VolumeYield/Rate(2)Interest incomeInvestment securities$12,415 $1,017 $11,398 $26,836 $2,159 $24,677 Interest bearing cash and cash equivalents(14,015)(8,080)(5,935)(21,796)(5,553)(16,243)Loans held for sale(683)(683)— (1,865)(1,860)(5)Loans held for investment, mortgage finance15,985 9,505 6,480 23,057 13,496 9,561 Loans held for investment4,232 22,854 (18,622)2,017 41,075 (39,058)Total interest income17,934 24,613 (6,679)28,249 49,317 (21,068)Interest expenseTransaction deposits(3,251)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