Texas Capital Bancshares, Inc. · NASDAQ:TCBI
Texas Capital Bancshares — Q4 2025 Earnings Presentation
17 slides from Texas Capital Bancshares's earnings presentation, Jan 22, 2026
Slide 1: Q4-2025 Earnings
Q4-2025 Earnings January 22, 2026 © 2026 Texas Capital Bank Member FDIC
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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. Thes
Slide 3: Full Year 2025 Highlights (Compared to Full Year 2024)
Full Year 2025 Highlights (Compared to Full Year 2024 ) 1 Record high in the history of the firm Net Income to Common ($mm) PPNR3 ($mm) Capital Common Equity / Total Tangible Common Equity / GAAP Adjusted2 GAAP Adjusted2 Assets Tangible Assets4 $313.0 $313.8 $487.7 $488.8 10.56% 10.56% +$252.7 or 41
Slide 4: Q4 2025 Highlights (Compared to Q4 2024)
Q4 2025 Highlights (Compared to Q4 2024 ) 9 Record high in the history of the firm Net Income to Common ($mm) PPNR3 ($mm) Capital Common Equity / Total Tangible Common Equity / GAAP Adjusted2 GAAP Adjusted2 Assets Tangible Assets4 $96.3 $94.6 $143.3 $141.0 10.56% 10.56% +$29.6 or +44% +$27.9 or +42%
Slide 5: Financial Performance // Income Statement
Financial Performance // Income Statement Adjusted Adjusted Adjusted Non-GAAP2 Adjustments 2024 2025 (Non-GAAP2) (Non-GAAP2) (Non-GAAP2) ($mm) Financial Highlights ($mm) 2024 2024 2025 2025 Q4 2024 Q3 2025 Q4 2025 Q4 2025 Non-Interest Income 31.0 227.1 Loss on AFS Securities Sale 179.6 1.9 Net Inter
Slide 6: Financial Performance // Quarterly Balance Sheet Highlights
Financial Performance // Quarterly Balance Sheet Highlights Balance Sheet Highlights ($mm) Ending Balances Q4 2024 Q3 2025 Q4 2025 QoQ YoY Q4 2024 Q3 2025 Q4 2025 QoQ YoY Assets Liabilities Cash and Equivalents 3,189 3,065 2,099 (32%) (34%) Non-Interest Bearing Deposits 7,485 7,690 6,959 (9%) (7%) T
Slide 7: Loan Portfolio Composition
Loan Portfolio Composition Commercial Loans ($bn) Commercial Real Estate Loans ($bn) Total LHI increased $1.6bn or 7% YoY Ending period commercial loans increased $1.1bn or 10% YoY Broad based growth driven by $12.3 sustained client onboarding $11.9 $12.0 $11.1 $11.4 Ending period commercial
Slide 8: Deposit and Funding Composition
Deposit and Funding Composition Average Deposit Trends ($bn) Total deposit balances increased $1.2bn Q4 2025 EOP or 5% YoY as interest bearing deposit $26.7 $27.4 $27.6 growth continued $25.7 $26.5 $26.4 $0.0 $0.0 Total deposit balances decreased $0.5 $0.5 $0.3 $0.7 $1.1bn QoQ driven by predicta
Slide 9: Net Interest Income Sensitivity
Net Interest Income Sensitivity Net Interest Income Sensitivity – Static Balance Sheet ($mm) Standard Model Assumptions11 94% of LHI excl. mortgage finance LHI is 100bp & 200bp Parallel Shocks variable rate 10.0% 8.0% $81 $69 6.0% $43 $37 $1.1bn of loans are fixed rate with Loan Balances: Stat
Slide 10: Q4-2025 Earnings Overview
Q4-2025 Earnings Overview Net Interest Income ($mm) Net interest income declined 1.6% QoQ $14.1 driven by seasonal warehouse factors and $4.4 $0.9 ($1.2) known timing differences between loan ($13.0) ($2.6) ($1.6) ($4.8) ($0.6) and deposit betas Quarterly net interest margin $271.8 $267.4 improv
Slide 11: Non-Interest Income
Non-Interest Income Non-Interest Income ($mm) Non-Interest Income Composition % of Total Revenue, Adj.2 Q4 2025 FY 2025 7% 7% 19% 16% 18% 20% 18% Wealth Wealth $56.0 18% 20% Treasury5 Treasury5 $68.6 $60.0 60% 58% $54.1 $54.1 $44.4 Investment Investment Banking & Banking & 16% 15% Trading Trading Ot
Slide 12: Asset Quality Trends
Asset Quality Trends Allowance for Credit Loss Reserve Ratios Asset Quality Ratios Total ACL increased to $332.8mm Criticized / LHI 3.41% Total ACL, excl. MF10 increased $2.8mm NPAs / Total Assets 3.18% QoQ to $326.6mm 1.87% 1.79% 1.82% NCOs / Avg. LHI 2.66% 2.64% 2.19% Total ACL, excl. MF10 t
Slide 13: Capital Position and Trends
Capital Position and Trends Regulatory Capital Levels Delivered strong improvement in capital 2026 Guidance ratios, with CET1 improving 75bps and 15.37% 15.61% 15.30% 16.10% 16.12% tangible common equity to tangible assets 2.50% 2.52% improving 58bps YoY, reflecting 2.55% 2.51% 2.44% 1.46% 1.46% 1
Slide 14: Full Year 2026 Guidance
Full Year 2026 Guidance Full Year 2025 Full Year 2026 Guidance Commentary Adjusted (Non-GAAP2) Guidance Forward curve15 assumes 25bps cuts in June and October with an exit rate of Total Revenue, Adjusted2 $1,257.7mm Mid to high single-digit % growth 3.25% at year end 2026 Tax rate expected to be
Slide 15: Appendix // Footnotes
Appendix // Footnotes 1. Comparisons vs. FY 2024 GAAP and adjusted metrics unless otherwise noted 2. See slide: Non-GAAP Reconciliation // Adjusted Earnings & Ratios 3. “PPNR” used as an abbreviation for Pre-Provision Net Revenue which is the sum of net interest income and non-interest income, less
Slide 16: Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE)
Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE) ROATCE is a non-GAAP financial measure. ROATCE represents the measure of net income available to common shareholders as a percentage of average tangible common equity. ROATCE is used by management in assessing financial per
Slide 17: Non-GAAP Reconciliation // Adjusted Earnings & Ratios
Non-GAAP Reconciliation // Adjusted Earnings & Ratios ($mm, except per share) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 YoY Change FY 2024 FY 2025 YoY Change Adjusted line items are non-GAAP financial measures that management believes aids in the discussion of Net Interest Income $229.6 $236.0 $253.4
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