Texas Capital Bancshares, Inc.
- Open
- 97.32
- Day high
- 98.15
- Day low
- 96.81
- Prev close
- 96.68
- Volume
- 39K
- Mkt cap
- $4.2B
- P/E (TTM)
- 12.7
- EPS (TTM)
- $7.73
- P/B
- 1.2
- P/S
- 2.2
- Yield
- 0.41%
- Per share
- $0.40
- ▼Insiders net selling -$10.6M over the last 3 months (1 open-market buy, 4 sales)
- 🏛Institutions accumulating (13F)
Texas Capital Bancshares, Inc. (TCBI) is a Financial Services company listed on NASDAQ. The stock is up 13% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 4 sales (SEC Form 4). Drillr has 1 published research article covering TCBI.
Texas Capital Bancshares, Inc. (TCBI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TCBI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 22, 2026 | $1.88 | $1.83 | -2.9% | $335M | +0.6% |
| Apr 23, 2026 | $1.42 | $1.58 | +11.2% | $324M | +2.1% |
| Jan 22, 2026 | $1.79 | $2.08 | +15.9% | $327M | +3.8% |
| Oct 22, 2025 | $1.79 | $2.18 | +21.6% | $317M | -3.7% |
| Jul 17, 2025 | $1.27 | $1.63 | +27.8% | $307M | -5.5% |
| Apr 17, 2025 | $0.94 | $0.92 | -2.5% | $280M | -1.3% |
| Jan 23, 2025 | $1.06 | $1.43 | +34.9% | $284M | -0.4% |
| Oct 17, 2024 | $-1.98 | $1.62 | +181.8% | $338M | +21.3% |
| Jul 18, 2024 | $0.88 | $0.80 | -8.7% | $267M | -0.4% |
| Apr 18, 2024 | $0.61 | $0.46 | -24.2% | $256M | +0.1% |
| Jan 18, 2024 | $0.77 | $0.65 | -15.3% | $246M | -4.2% |
| Oct 19, 2023 | $1.03 | $1.18 | +15.0% | $279M | +2.1% |
TCBI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 27, 2026 | Detrich Ellenofficer: Controller | Sell | 2,045 | $100.03 |
| Jul 6, 2026 | Oman David Wofficer: Chief Risk Officer | Option | 2,748 | — |
| Jul 6, 2026 | Oman David Wofficer: Chief Risk Officer | Tax | 1,357 | $104.54 |
| Jun 16, 2026 | Scurlock John Matthewofficer: Chief Financial Officer | Buy | 44 | $101.29 |
| Jun 10, 2026 | Alvarado Anna Mofficer: Chief Legal Officer | Sell | 3,500 | $100.95 |
| Jun 8, 2026 | Holmes Rob Cofficer: Chairman, President and CEO | Sell | 49,500 | $101.22 |
| Jun 8, 2026 | Holmes Rob Cofficer: Chairman, President and CEO | Sell | 49,100 | $101.88 |
| Apr 29, 2026 | Tremblay Dale Wdirector | Grant | 1,092 | — |
| Apr 29, 2026 | Baliff Jonathandirector | Grant | 1,092 | — |
| Apr 29, 2026 | Whitley Laura Ldirector | Grant | 1,092 | — |
| Apr 29, 2026 | ROSENBERG STEVEdirector | Grant | 1,092 | — |
| Apr 29, 2026 | Huntley David S.director | Grant | 1,092 | — |
| Apr 29, 2026 | Midkiff Mark Wdirector | Grant | 1,092 | — |
| Apr 29, 2026 | Clark Ranjana Bdirector | Grant | 1,092 | — |
| Apr 29, 2026 | Long Thomas Edirector | Grant | 1,092 | — |
Source: TCBI SEC Form 4 filings, latest Jul 27, 2026. For informational purposes only — not investment advice.
See the full TCBI insider & 13F page →Texas Capital Bancshares, Inc. company profile
Overview
Texas Capital Bancshares, Inc. (NASDAQ:TCBI) is a Dallas-based financial services holding company that operates Texas Capital Bank, a full-service commercial bank serving businesses, entrepreneurs, and individual customers primarily across major Texas metropolitan areas. Founded in 1996 and going public in 2003, the company has undergone a significant strategic transformation over the past few years, evolving from a traditional regional bank into a comprehensive financial services platform focused on fee-based revenue generation and sophisticated client solutions.
Business
Texas Capital operates as a regional bank holding company providing comprehensive financial services through its subsidiary Texas Capital Bank. The company operates in the competitive regional banking sector, which sits between community banks and large national banks, typically serving mid-market businesses and affluent individuals within specific geographic regions. The company's core offerings span four main business segments. Commercial Banking represents the traditional lending and deposit-taking business, providing working capital loans, acquisition financing, commercial real estate loans, and business deposit accounts to middle-market companies. This segment generates revenue through net interest income on loans and deposits. Investment Banking and Trading has emerged as a key growth driver, offering capital markets services, syndications, sales and trading, and advisory services to corporate clients. This division, operating as Texas Capital Securities, has shown remarkable growth with investment banking income increasing 47% year-over-year in 2024. Treasury Solutions provides sophisticated cash management, payment processing, and treasury services to business clients. This platform has demonstrated consistent growth, with treasury product fees increasing 18% in 2024, driven by the company's technology investments and solution-focused approach. Wealth Management and Private Banking serves high-net-worth individuals and families with investment management, trust services, and private banking solutions. The company recently completed a rebuild of its wealth management platform to enhance client service capabilities. Additionally, the bank operates a significant Mortgage Finance business, providing warehouse lending to mortgage originators, though this segment has experienced volatility due to interest rate fluctuations and housing market conditions.
Revenue model
Texas Capital generates revenue through multiple complementary business models, reflecting its evolution from a traditional net interest income-focused bank to a more diversified financial services provider. The primary revenue source remains net interest income, earned from the spread between interest paid on deposits and interest received on loans. The bank's loan portfolio includes commercial and industrial loans, commercial real estate financing, residential construction loans, and mortgage warehouse facilities. This traditional banking model is sensitive to interest rate changes, with the bank maintaining some hedging strategies to manage rate risk. Fee-based revenue has become increasingly important, growing 30% to $211 million in 2024. This includes investment banking fees from capital markets transactions, advisory services, and syndications; treasury solution fees from payment processing and cash management services; and wealth management fees from assets under management. These revenue streams are generally less interest-rate sensitive and provide more stable, recurring income. The bank's profitability is influenced by several key factors. Credit quality directly impacts profitability through provision expenses, with management maintaining a conservative approach and targeting provision expenses of 30-35 basis points of average loans. Interest rate environment affects both net interest margins and the demand for certain services, though the bank has positioned itself to benefit from rate cuts through its hedging strategy. Economic conditions in Texas markets influence loan demand, credit quality, and fee income generation, while competition from other regional banks and fintech companies affects pricing power and market share. The bank's focus on relationship-based banking and comprehensive solutions helps differentiate it from purely transactional competitors.
Competitive moat
Texas Capital's competitive positioning reflects a moderate but improving moat based on several key factors. The bank's primary defensive characteristics include its strong capital position, with a tangible common equity to tangible assets ratio of 10% that ranks first among the largest banks, providing significant financial flexibility and regulatory advantages. The company's comprehensive platform approach creates switching costs for clients who utilize multiple services across commercial banking, investment banking, treasury solutions, and wealth management. This integrated service model makes it more difficult for competitors to replicate the full relationship value proposition. Geographic concentration in Texas markets provides both advantages and vulnerabilities. The bank benefits from deep local market knowledge, established relationships, and the robust Texas economy. However, this concentration also creates exposure to regional economic downturns and limits diversification benefits. The bank's technology investments and modern platform infrastructure provide operational advantages, though these are not insurmountable by well-capitalized competitors. The rebuilt technology stack and enhanced client onboarding capabilities improve efficiency and client experience but require ongoing investment to maintain competitiveness. Regulatory barriers in banking provide some protection from new entrants, though established competitors and fintech partnerships pose ongoing threats. The bank faces significant competition from larger national banks with greater scale advantages and smaller community banks with lower cost structures. Overall, Texas Capital occupies a middle position in terms of competitive moat strength. While it has built meaningful client relationships and operational capabilities, the banking industry's competitive dynamics and the company's regional concentration limit the durability of its competitive advantages.
Risks & safety
Texas Capital maintains a solid but not exceptional margin of safety, with strong capital ratios offset by moderate profitability metrics. **Solvency and Liquidity:** - Strong capital position with CET1 ratio of 11.63% and tangible common equity to tangible assets of 10% - Liquid assets represent 27% of total assets, well above peer medians - Minimal immediate solvency risk given regulatory capital buffers - Cash and short-term investments of $201 million as of Q1 2025 **Profitability and Valuation:** - Return on equity of 1.4% (Q1 2025) trailing twelve months, below historical norms - Price-to-earnings ratio of 18.3x based on recent earnings - Price-to-book ratio of 1.0x, suggesting market values the bank near book value - Targeting 1.1% return on assets in second half of 2025 **Credit Quality:** - Provision expense outlook of 30-35 basis points of loans - Reserve ratio of 1.87% in top decile among peer group - Criticized loans decreased 11% year-over-year **Other Considerations:** - Regional concentration in Texas creates geographic risk - Interest rate sensitivity despite hedging strategies - Execution risk on fee income growth targets
Recent development
Texas Capital has undergone a comprehensive strategic transformation over the past three years, fundamentally reshaping its business model from a traditional regional bank to a diversified financial services platform. The company completed substantial investments in technology infrastructure, including rebuilding its wealth management platform and enhancing client onboarding processes. Platform Development has been central to the strategy, with management launching over 20 new products and services while expanding client-facing professionals by 1.9x since 2022. The bank established Texas Capital Securities as its investment banking division, which has shown remarkable success with investment banking income growing 47% year-over-year in 2024. Fee Income Focus represents a major strategic pivot, with non-interest revenue growing 30% to $211 million in 2024. The company has systematically built capabilities across treasury solutions, private wealth management, and investment banking, targeting $270 million in non-interest revenue for 2025. Client Acquisition Strategy has yielded significant results, with the bank onboarding nearly 40% more new significant clients in 2024 compared to 2023. This growth reflects the comprehensive solutions approach, where clients utilize multiple services across the platform. Capital Optimization efforts included divesting non-core businesses like insurance premium finance while maintaining industry-leading capital ratios. The bank has also implemented selective share repurchase programs, returning $50 million to shareholders in Q2 2024 alone. Risk Management Enhancement includes maintaining conservative credit standards and building robust liquidity buffers, positioning the company to navigate various economic scenarios while supporting client growth initiatives.
TCBI company profile · for informational purposes only — not investment advice.
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