Business
Texas Capital Bancshares, Inc. Announces Fourth Quarter and Full Year 2024 Results
Income in fee areas of focus(1) increased 38% year-over-year Strong balance sheet growth with total deposits increasing 13% and total loans growing 10%
About this update from Texas Capital Bancshares, Inc.
[{"type":"text","content":"Income in fee areas of focus(1) increased 38% year-over-year Strong balance sheet growth with total deposits increasing 13% and total loans growing 10% year-over-year Book Value and Tangible Book Value(2) per share both increased 8% year-over-year, reaching record levels Capital ratios continue to be strong, including 11.4% CET1 and 15.4% Total Capital DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the fourth quarter and full year of 2024. “For the past four years, our team steadily pursued the strategy we laid out in 2021, positioning Texas Capital to serve the best clients in all our markets,” said Rob C. Holmes, President and CEO. “Given full year 2024 financial results, the successful execution of significant strategic milestones and the realization of client adoption trends, the firm has proven that it is poised to deliver in 2025.” 4th Quarter 3rd Quarter 4th Quarter Full Year Full Year(dollars in thousands except per share data) 2024 2024 2023 2024 2023 OPERATING RESULTS Net income/(loss)$71,023 $(61,319) $20,150 $77,508 $189,141 Net income/(loss) available to common stockholders$66,711 $(65,632) $15,838 $60,258 $171,891 Pre-provision net revenue(4)$111,522 $(69,993) $44,465 $174,061 $318,595 Diluted earnings/(loss) per common share$1.43 $(1.41) $0.33 $1.28 $3.54 Diluted common shares 46,770,961 46,608,742 48,097,517 46,989,204 48,610,206 Return on average assets 0.88% (0.78) % 0.27% 0.25% 0.64%Return on average common equity 8.50% (8.87) % 2.25% 2.04% 6.15% OPERATING RESULTS, ADJUSTED(3) Net income/(loss)$71,023 $78,654 $35,403 $225,595 $204,394 Net income/(loss) available to common stockholders$66,711 $74,341 $31,091 $208,345 $187,144 Pre-provision net revenue(4)$111,522 $114,860 $64,351 $369,394 $338,481 Diluted earnings/(loss) per common share$1.43 $1.59 $0.65 $4.43 $3.85 Diluted common shares 46,770,961 46,608,742 48,097,517 46,989,204 48,610,206 Return on average assets 0.88% 1.00% 0.47% 0.74% 0.69%Return on average common equity 8.50% 10.04% 4.41% 7.05% 6.70% BALANCE SHEET Loans held for investment$17,234,492 $16,764,512 $16,362,230 Loans held for investment, mortgage finance 5,215,574 5,529,659 3,978,328 Total loans held for investment 22,450,066 22,294,171 20,340,558 Loans held for sale — 9,022 44,1...