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Dec 31, 2022

Texas Capital Bancshares Q4 2022 Earnings Report

Announced fourth quarter and full year 2022 results, with net income available to common stockholders of $212.9 million, or $4.23 per diluted share.

Key Takeaways

Texas Capital Bancshares, Inc. reported a strong fourth quarter and full year 2022, with net income available to common stockholders reaching $212.9 million, or $4.23 per diluted share. The company completed the sale of BankDirect Capital Finance, LLC, recognizing a significant pre-tax gain. Record level regulatory capital ratios were achieved, including 13.0% CET 1 and 17.7% Total Capital.

Net income available to common stockholders was $212.9 million, or $4.23 per diluted share.

The sale of BankDirect Capital Finance, LLC was completed, resulting in a $248.5 million pre-tax gain.

Regulatory capital ratios reached record levels, including 13.0% CET 1 and 17.7% Total Capital.

The company repurchased $65.3 million shares of common stock at tangible book value.

Total Revenue
$525M
Previous year: $225M
+132.9%
EPS
$0.87
Previous year: $1.19
-26.9%
Net Interest Margin
3.26%
Previous year: 2.12%
+53.8%
Efficiency Ratio
40.6%
Previous year: 65%
-37.5%
Common Equity Tier 1
13%
Previous year: 11.1%
+17.1%
Cash and Equivalents
$4.78B
Previous year: $181M
+2545.0%
Free Cash Flow
-$66.9M
Previous year: $109M
-161.1%
Total Assets
$28.4B
Previous year: $34.7B
-18.2%

Texas Capital Bancshares

Texas Capital Bancshares

Forward Guidance

This communication contains forward-looking statements within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance.