Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 82

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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,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 $2.4 billion for the three months ended March 31, 2025, compared to the same period in 2024, primarily due to an increase of $2.7 billion in average interest bearing deposits, partially offset by decreases of $160.6 million in average short-term borrowings and $199.1 million in average long-term debt. Average non-interest bearing deposits for the three months ended March 31, 2025 decreased to $7.9