Texas Capital Bancshares

TCBI · TXSE · Financials · Financials, fiscal 2016 to 2025

TCBI · Last close · October 26, 2026

$101.61

Texas Capital Bancshares' revenue rose 34.7% to $1.3 billion in fiscal 2025. Net income was $330 million, up 326.1%. Its return on equity was 9.4%, up from 2.4% a year earlier. Its efficiency ratio was 61.2%, down from 81.3% a year earlier. It paid out $186 million in dividends and buybacks. The diluted share count fell 1.8%.

TEXAS CAPITAL BANCSHARES INC/TX Latest fiscal year ended December 31, 2025 10-K filed February 10, 2026 · 0001077428-26-000010 Updated October 22, 2026

Revenue

$1.3B

34.7%

Net income

$330M

326.1%

Return on equity

9.4%

7.1 pts

Return on tangible equity

9.8%

7.8 pts

Efficiency ratio

61.2%

20.2 pts

Market cap

$4.4B

Oct 26 close

P/E

13.0x

On $7.79 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Revenue and returns

Revenue

US$ billions, fiscal years. Revenue is net of interest expense.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Net income and earnings per share

From fiscal 2016 to 2025, earnings per share grew 9.1% a year and net income 8.8% a year, as buybacks cut the share count by 1%.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Efficiency and income mix

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Value Texas Capital Bancshares yourself from its earnings. A bank's cash flow is mostly the money it lends and takes in, so the cash flow model on other company pages doesn't suit it.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

Value per share on three example scenarios, from Texas Capital Bancshares' earnings per share of $7.79 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 13×, the middle of Texas Capital Bancshares' own P/E today, its peers' median and its sector's median (Texas Capital Bancshares' own P/E today) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 12%, 11% and 10%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

Earnings per share, US$

Diluted earnings per share over the four quarters to September 30, 2026, from the 10-Qs and 10-K.

P/E multiple

P/E today is the last close divided by the latest earnings per share, the four quarters' where available. Peers: Prosperity Bancshares, United Bankshares, Home BancShares, Associated Bank.

Earnings growth in the years ahead (% a year) Starts at Texas Capital Bancshares' revenue growth over the last 3 years, 0.8% a year, as the base scenario does.

Earnings per share in the years ahead, US$

Year 1Year 2Year 3Year 4Year 5

Type your own estimate for any year; the years after it carry on at the growth rate.

Apply the multiple to earnings

A multiple on a future year's earnings gives the price then, brought back to today at the discount rate below.

Discount rate (% a year) The yearly return an investor wants for the risk, as in the cash flow model.

Value per share today at this multiple

—

Last close, October 26, 2026: $101.61
Value at this multiple, against the last close: —
Texas Capital Bancshares' P/E at the last close: 13.0×

Company	Last close	Earnings per share	P/E today
United BanksharesUBSI	$48.92	$3.67	13.3×
Texas Capital BancsharesTCBI	$101.61	$7.79	13.0×
Home BancSharesHOMB	$30.07	$2.43	12.4×
Prosperity BancsharesPB	$69.74	$5.77	12.1×
Associated BankASB	$30.23	$2.87	10.5×

How the P/E method works. Value per share is earnings per share times the multiple. On a future year's earnings, that gives the price in that year, which is brought back to today at the discount rate: price ÷ (1 + discount rate) for each year ahead. It is quick and easy to compare across companies, but it ignores debt and cash, and earnings can swing with one-off gains and charges, so a multiple says most about steady, profitable businesses. Like the cash flow model, the result depends entirely on the assumptions you choose. It is not a forecast, a price target or a recommendation.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	22,595	19,034	20,091	22,178	23,770
Deposits	28,109	22,857	22,372	25,239	26,449
Loans to deposits	80.4%	83.3%	89.8%	87.9%	89.9%
Provision for credit losses	−30	66	72	67	55
Provision to average loans	−0.1%	0.3%	0.4%	0.3%	0.2%
Total assets	34,732	28,415	28,356	30,732	31,540
Shareholders' equity	3,210	3,055	3,199	3,368	3,631

US$ millions unless stated, at each fiscal year end.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, 4 insiders bought $4.6 million of Texas Capital Bancshares shares on the open market, and 3 insiders sold $10.6 million.

Date	Insider	Trade	Shares	Price	Value	Filing
Jul 24, 2026	Ellen DetrichController	Sold	2,045	$100.03	$204,561	Form 4
Jun 15, 2026	John Matthew ScurlockChief Financial Officer	Bought	44	$101.29	$4,448	Form 4
Jun 9, 2026	Anna M AlvaradoChief Legal Officer	Sold	3,500	$100.95	$353,325	Form 4
Jun 8, 2026	Rob C HolmesChairman, President and CEO	Sold	49,500	$101.22	$5.0 million	Form 4
Jun 5, 2026	Rob C HolmesChairman, President and CEO	Sold	49,100	$101.88	$5.0 million	Form 4
Mar 11, 2026	Paola M ArbourDirector	Bought	1,000	$91.50	$91,500	Form 4
Mar 6, 2026	Robert W StallingsDirector	Bought	5,500	$22.80	$125,400	Form 4
Mar 5, 2026	Robert W StallingsDirector	Bought	20,000	$22.69	$453,800	Form 4
Mar 4, 2026	Robert W StallingsDirector	Bought	15,000	$22.51	$337,650	Form 4
Mar 3, 2026	Robert W StallingsDirector	Bought	30,000	$22.11	$663,300	Form 4
Mar 2, 2026	Robert W StallingsDirector	Bought	20,000	$22.22	$444,400	Form 4
Feb 27, 2026	Robert W StallingsDirector	Bought	8,330	$51.30	$427,334	Form 4

The latest 12 of 27 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Texas Capital Bancshares side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Texas Capital Bancshares	FY25	34.7%	26.3%	9.4%	9.8%	61.2%
Prosperity Bancshares	FY25	4.8%	43.4%	7.2%	13.5%	44.5%	Compare
United Bankshares	FY25	19.6%	37.5%	8.9%	14.1%	48.5%	Compare
Home BancShares	FY25	7.2%	43.6%	11.5%	17.4%	42.0%	Compare
Associated Bank	FY25	43.3%	31.9%	9.9%	12.7%	57.5%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	701	836	993	1,072	1,054	907	1,225	1,076	932	1,256
Revenue growth	15.9%	19.3%	18.8%	7.9%	−1.6%	−14.0%	35.1%	−12.2%	−13.3%	34.7%
Net interest income	640	761	915	969	851	769	876	914	901	1,029
Noninterest income	61	74	78	102	203	138	350	161	31	227
Noninterest expense	382	467	532	600	704	599	728	757	758	768
Provision for credit losses	77	44	87	75	258	−30	66	72	67	55
Net income	155	196	293	312	66	254	332	189	78	330
Diluted EPS (US$)	3.11	3.73	5.64	5.99	1.12	4.60	6.18	3.54	1.28	6.79
Diluted shares (millions)	47	50	50	50	51	51	51	49	47	46
Payouts
Dividends paid	0	0	0	0	0	0	0	0	0	0
Share buybacks	0	0	0	0	0	0	115	105	82	186
Balance sheet at fiscal year end
Loans, net	17,330	20,490	22,377	24,451	24,176	22,595	19,034	20,091	22,178	23,770
Deposits	17,017	19,123	20,606	26,479	30,997	28,109	22,857	22,372	25,239	26,449
Total assets	21,697	25,076	28,258	32,548	37,726	34,732	28,415	28,356	30,732	31,540
Shareholders' equity	1,998	2,190	2,480	2,801	2,871	3,210	3,055	3,199	3,368	3,631
Ratios
Return on equity	8.6%	9.4%	12.6%	11.8%	2.3%	8.3%	10.6%	6.0%	2.4%	9.4%
Return on tangible common equity	8.8%	9.7%	13.1%	12.2%	2.1%	8.4%	11.2%	6.1%	2.0%	9.8%
Return on assets	0.8%	0.8%	1.1%	1.0%	0.2%	0.7%	1.1%	0.7%	0.3%	1.1%
Efficiency ratio	54.6%	55.9%	53.6%	56.0%	66.8%	66.0%	59.4%	70.4%	81.3%	61.2%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Texas Capital Bancshares' Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Texas Capital Bancshares.