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Sep 30, 2023

Texas Capital Bancshares Q3 2023 Earnings Report

Reported net income of $61.7 million, with diluted earnings per share of $1.18.

Key Takeaways

Texas Capital Bancshares reported a net income of $61.7 million for Q3 2023, with earnings per diluted share at $1.18. The results reflect the strength of the company's platform and solutions-oriented approach for clients, complemented by strong capital and liquidity positions.

Net income available to common stockholders was $57.4 million, or $1.18 per diluted share.

Top tier capital ratios, including 12.7% CET1 and 17.1% Total Capital.

Net interest income was relatively flat compared to the prior quarter.

Non-interest income increased primarily due to investment banking and trading income.

Total Revenue
$279M
Previous year: $264M
+5.5%
EPS
$1.18
Previous year: $0.74
+59.5%
Net Interest Margin
3.13%
Previous year: 3.05%
+2.6%
Return on Avg. Assets
0.81%
Previous year: 0.52%
+55.8%
Efficiency Ratio
64.5%
Previous year: 74.5%
-13.4%
Cash and Equivalents
$3.98B
Previous year: $3.4B
+16.9%
Free Cash Flow
$87.6M
Previous year: $66.3M
+32.2%
Total Assets
$29.6B
Previous year: $30.4B
-2.6%

Texas Capital Bancshares

Texas Capital Bancshares

Forward Guidance

This communication contains forward-looking statements regarding TCBI’s financial condition, results of operations, business plans and future performance.