TCBI Filings — Texas Capital Bancshares Inc/tx - FilingSpy
TCBI
Texas Capital Bancshares Inc/tx
A Texas-based financial services firm serving businesses, entrepreneurs, and individuals through Texas Capital Bank and its broker-dealer Texas Capital Securities. It offers commercial lending, private banking, wealth management, and investment banking, plus Bask Bank, a national digital bank that rewards savers with airline miles. The company became a Federal Reserve member bank in September 2025.
Q2 2026 net income rose 9.9% to $84.9M as revenue reached $335.5M
rose to $84.9M in Q2 2026, up from a year ago. rose 9.1% to $335.5M and rose 15.8% to $1.83 as grew to $75.1M from $54.1M on higher advisory, wealth, and trading income. The bank returned to steady growth after the 2024 securities loss distorted comparisons.
Key takeaways
rose 9.9% to $84.9M and rose 15.8% to $1.83 , with up 9.1% to $335.5M and at 33.4%.
rose to $75.1M from $54.1M a year earlier, led by investment banking and advisory fees, wealth management and trust fees, and trading income.
grew to $260.4M from $253.4M on a $1.6B increase in average earning assets and lower funding costs, though dipped to 3.28% from 3.35%.
Section summaries
Management's Discussion and Analysis
Q2 2026 net income rose to $84.9M driven by higher net interest income and non-interest income, partially offset by increased expenses.
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grew to $260.4M in Q2 2026 from $253.4M in Q2 2025, helped by a $1.6B increase in average earning assets and lower funding costs, though dipped to 3.28% from 3.35%.
Total loans held for investment increased $907M from year-end 2025 to $24.9B, with commercial and mortgage finance growth offset by declines in commercial real estate and consumer loans.
The company repurchased $98.7M in common stock in the first half of 2026, leaving $125.4M of the December 2025 $200M authorization available as of Q1 end.
was $34M for the first half of 2026, up from $32M a year ago, reflecting higher and of $33.4M.
What changed
Remaining capacity: Q1 2026 flagged $125.4M under the December 2025 authorization; this filing shows $98.7M repurchased in H1 2026, leaving that capacity drawn down with expiry December 31, 2026.
: FY2025 showed $634.9M and Q1 2026 omitted them; this 10-Q again omits them but notes the provision rose on higher criticized loans, so the metric worsened without a fresh figure.
Total loans held for investment: FY2025 reached $24.0B; Q1 2026 did not update; this quarter shows $24.9B after a $907M increase from year-end.
: FY2025 expanded to 3.35%; Q1 2026 modeled a 200bps drop cutting 11.3%; this quarter margin dipped to 3.28% and a 200bps fall is modeled to cut NII 10.8%.
fell 19.2% to $500.9M versus Q2 2025 after rising 33% in Q1 2026 to $878.3M, a reversal from the Q1 build.
What to watch
Next disclosure of and non-accrual loans after this filing again omits them despite the provision rise.
Remaining capacity under the December 2025 $200M authorization expiring December 31, 2026 after $98.7M used in H1.
Q3 2026 realization against the $10.8B with a 200bps decline modeled to cut 10.8%.
Total loans held for investment trajectory after reaching $24.9B with commercial real estate and consumer declining.
Non-interest income surged to $75.1M in Q2 2026 from $54.1M a year earlier, led by gains in investment banking and advisory fees, wealth management and trust fees, and trading income.
Non- rose to $205.5M in Q2 2026 from $190.3M, driven by higher salaries and benefits, communications and technology, and legal and professional costs.
Total loans held for investment increased $907M from year-end 2025 to $24.9B, with growth in commercial and mortgage finance loans partially offset by declines in commercial real estate and consumer loans.
was $34M for the first half of 2026, up from $32M a year ago, reflecting higher and of $33.4M.
Liquidity remains strong with $3.5B in interest-bearing cash and access to $6.8B in FHLB borrowing capacity; the company repurchased $98.7M in common stock during the first half of 2026.
Quantitative and Qualitative Disclosures About Market Risk
The company is primarily exposed to interest rate risk on its loan and deposit portfolio, which it measures using gap analysis and earnings simulation, and manages through ALCO oversight and derivatives.
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The company's interest rate sensitivity gap is positive in the 0-3 month and 1-3+ year buckets, indicating asset sensitivity that would benefit in a rising rate environment.
A 200 parallel rate increase is estimated to increase by 5.1%, while a 200 basis point decrease would reduce it by 10.8%, based on June 30, 2026 simulations.
The company uses at the 95th percentile over a one-year history to measure trading portfolio market risk, which as of June 30, 2026 is not significant.
Interest rate risk management is overseen by the Asset Liability Committee (ALCO) under board-established policies, with exceptions reported to the Executive Risk Committee and board quarterly.
Derivatives are used for fair value, cash flow, and net investment hedges, as well as for customer-related transactions and economic hedges to manage interest rate, prepayment, credit, price, and foreign currency risks.
The Company is subject to various claims and legal actions that may arise in the ordinary course of conducting its business. Management does not expect the disposition of any of these matters to have a material adverse impact on the Company’s financial statements or results of o…
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The Company is subject to various claims and legal actions that may arise in the ordinary course of conducting its business. Management does not expect the disposition of any of these matters to have a material adverse impact on the Company’s financial statements or results of operations.