A Business at a Glance
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ITEM 1. BUSINESS 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”). The Company was incorporated as a Delaware corporation in 1996 and commenced banking operations in 1998.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.3B | 1.3B | 932M | 1.1B | 1.2B | 907M |
| Net Income | 313M | 313M | 60M | 172M | 315M | 235M |
| EPS | $6.79 | $6.79 | $1.28 | $3.54 | $6.18 | $4.60 |
| Free Cash Flow | 348M | 348M | 415M | 357M | 137M | 653M |
| ROIC | 23.1% | 20.3% | 13.8% | 15.1% | 13.0% | 7.6% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 0.17 | 0.20 | 0.27 | 0.30 | 0.29 |
| Dividends/Share | $0.37 | $0.37 | $0.37 | $0.36 | $0.34 | $0.37 |
| Operating Income | 1.1B | 1.1B | 826M | 817M | 683M | 427M |
| Operating Margin | 88.6% | 88.6% | 88.6% | 76.0% | 55.7% | 47.1% |
| ROE | 8.6% | 8.9% | 1.8% | 5.4% | 10.3% | 7.3% |
| Shares Outstanding | 46M | 46M | 47M | 49M | 51M | 51M |
TEXAS CAPITAL BANCSHARES INC/TX passes 3 of 9 quality checks, indicating weak fundamentals.
TEXAS CAPITAL BANCSHARES INC/TX trades at 3.2x trailing earnings, compared to its 15-year median P/E of 4.4x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 2.8x vs a median of 2.2x. The company's 5-year average ROIC is 13.9%. Total shareholder yield (dividends + buybacks) is 20.1%. At current prices, the estimated annualized return to fair value is -30.9%.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) has a current P/E ratio of 3.2, compared to its historical median P/E of 4.4. The stock is currently considered Fair based on its historical valuation range.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) has a 5-year average return on invested capital (ROIC) of 13.9%. This indicates solid capital allocation.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) has a market capitalization of $1.0B. It is classified as a small-cap stock.
Yes, TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) pays a dividend with a trailing twelve-month yield of 1.70%. The company also returns capital through share buybacks, with a buyback yield of 18.36%.
Based on historical P/E analysis, TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) appears fair. The current P/E of 3.2 is 27% below its historical median of 4.4. The estimated fair value CAGR (P/E method) is 2.3%.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) operates in the State Commercial Banks industry, within the Financials sector.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) reported annual revenue of $1.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) has a net profit margin of 24.9%. This is a strong margin indicating high profitability.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) generated $348 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) has a debt-to-equity ratio of 0.17. This indicates a conservatively financed balance sheet.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) reported earnings per share (EPS) of $6.79 in its most recent fiscal year.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) has a return on equity (ROE) of 8.9%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for TEXAS CAPITAL BANCSHARES INC/TX (TCBIO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TEXAS CAPITAL BANCSHARES INC/TX (TCBIO) has a book value per share of $78.78, based on its most recent annual SEC filing.
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