TEXAS CAPITAL BANCSHARES INC/TX TCBI
Texas Capital Bancshares, Inc. ("TCBI" or the "Company") is a registered bank holding company and a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. TCBI is headquartered in Dallas, with primary banking offices in Austin, Dallas, Fort Worth, Houston and San Antonio, and has built a network of clients across the country.
The Company's business activities are conducted primarily through its wholly-owned bank subsidiary Texas Capital Bank (the "Bank") and its wholly-owned non-bank subsidiary, TCBI Securities Inc., doing business as Texas Capital Securities. The Bank is a Texas state-chartered bank. Texas Capital Securities is a registered broker-dealer with the SEC and a member of the Financial Industry Regulatory Authority ("FINRA") and Municipal Securities Rulemaking Board ("MSRB").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.77B | $1.73B | $1.63B | $1.14B | $876.5M | $1.04B | $1.35B | $1.16B | $879.3M | $703.4M |
| Interest expense | $1.03B | $901.3M | $914.1M | $875.8M | $107.7M | $188.1M | $385.6M | $249.3M | $118.0M | $63.6M |
| Pre-tax income | $432.7M | $107.1M | $246.6M | $431.8M | $338.1M | $91.9M | $396.3M | $373.4M | $324.7M | $241.2M |
| Income tax | $102.5M | $29.6M | $57.5M | $99.3M | $84.1M | $25.7M | $84.3M | $80.0M | $128.6M | $86.1M |
| Net income | $330.2M | $77.5M | $189.1M | $332.5M | $253.9M | $66.3M | $312.0M | $293.4M | $196.1M | $155.1M |
| EPS, basic | 6.86 | 1.29 | 3.58 | 6.25 | 4.65 | 1.12 | 6.01 | 5.68 | 3.78 | 3.14 |
| EPS, diluted | 6.79 | 1.28 | 3.54 | 6.18 | 4.60 | 1.12 | 5.99 | 5.64 | 3.73 | 3.11 |
| Shares, diluted (wtd. avg.) | $46.1M | $47.0M | $48.6M | $51.0M | $51.1M | $50.6M | $50.4M | $50.3M | $50.3M | $46.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.10B | $3.19B | $3.24B | $5.01B | $7.95B | $9.21B | $4.43B | $3.08B | $2.91B | $2.84B |
| Property, plant and equipment | $88.0M | $85.4M | $32.4M | $26.4M | $20.9M | $24.5M | $31.2M | $23.8M | $25.2M | $19.8M |
| Goodwill | $1.5M | $1.5M | $1.5M | $1.5M | $15.1M | $15.1M | $15.1M | $15.1M | $15.1M | $15.1M |
| Other intangibles | — | — | — | $0 | $2.2M | $2.6M | $3.0M | $3.5M | $3.9M | $4.4M |
| Total assets | $31.54B | $30.73B | $28.36B | $28.41B | $34.73B | $37.73B | $32.55B | $28.26B | $25.08B | $21.70B |
| Long-term debt | $620.6M | $660.3M | $859.1M | $931.4M | $928.7M | $395.9M | — | — | — | — |
| Total liabilities | $27.91B | $27.36B | $25.16B | $25.36B | $31.52B | $34.85B | $29.75B | $25.78B | $22.89B | $19.69B |
| Retained earnings | $2.81B | $2.50B | $2.44B | $2.26B | $1.95B | $1.71B | $1.66B | $1.36B | $1.08B | $891.5M |
| Total equity | $3.63B | $3.37B | $3.20B | $3.06B | $3.21B | $2.87B | $2.80B | $2.48B | $2.19B | $2.00B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $360.2M | $480.1M | $373.7M | $148.0M | $657.3M | $2.64B | -$240.2M | -$679.7M | $132.2M | -$726.3M |
| Depreciation and amortisation | $52.2M | $54.2M | $40.5M | $45.3M | $93.4M | $74.9M | $37.3M | $32.0M | $27.9M | $21.8M |
| Stock-based compensation | $36.8M | $24.7M | $24.2M | $21.4M | $31.3M | $17.4M | $17.6M | $16.9M | $22.0M | $13.6M |
| Capital expenditure | $12.6M | $64.8M | $16.4M | $11.3M | $4.1M | $2.8M | $16.7M | $7.7M | $12.3M | $2.2M |
| Investing cash flow | -$1.85B | -$2.48B | -$1.76B | $3.31B | $1.23B | -$2.94B | -$2.28B | -$1.99B | -$3.22B | -$850.2M |
| Financing cash flow | $404.3M | $1.94B | -$387.7M | -$6.39B | -$3.15B | $5.08B | $3.86B | $2.85B | $3.15B | $2.62B |
| Buybacks | $185.8M | $81.5M | $105.0M | $115.3M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001077428-26-000010.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |