Texas Capital Bancshares, Inc. · NASDAQ:TCBI
Texas Capital Bancshares — Q1 2026 Earnings Presentation
16 slides from Texas Capital Bancshares's earnings presentation, Apr 23, 2026
Slide 1: Q1-2026 Earnings
Q1-2026 Earnings April 23, 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: Q1 2026 Highlights (Compared to Q1 2025)
Q1 2026 Highlights (Compared to Q1 2025 ) 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 $69.5 $70.5 $110.4 $111.8 9.87% 9.87% +$26.7 or +63% +$27.8 or +65% +
Slide 4: Financial Performance // Income Statement
Financial Performance // Income Statement Adjusted Adjusted Adjusted Non-GAAP2 Adjustments 2025 (Non-GAAP2) (Non-GAAP2) (Non-GAAP2) ($mm) Financial Highlights ($mm) 2025 2025 Q1 2025 Q4 2025 Q4 2025 Q1 2026 Q1 2026 Non-Interest Income 227.1 Loss on AFS Debt Securities Sale 1.9 Net Interest Income 1,
Slide 5: Financial Performance // Quarterly Balance Sheet Highlights
Financial Performance // Quarterly Balance Sheet Highlights Balance Sheet Highlights ($mm) Ending Balances Q1 2025 Q4 2025 Q1 2026 QoQ YoY Q1 2025 Q4 2025 Q1 2026 QoQ YoY Assets Liabilities Cash and Equivalents 3,802 2,099 2,957 41% (22%) Non-Interest Bearing Deposits 7,875 6,959 7,635 10% (3%) Debt
Slide 6: Loan Portfolio Composition
Loan Portfolio Composition Commercial Loans ($bn) Commercial Real Estate Loans ($bn) ◼ Total LHI increased $2.8bn or 13% YoY to $25.2bn, supported by continued commercial loan growth and higher mortgage finance balances ◼ Ending period commercial loans $12.2 $12.5 $11.8 $11.9 increased $1.2bn or 10%
Slide 7: Deposit and Funding Composition
Deposit and Funding Composition Average Deposit Trends ($bn) Q1 2026 EOP ◼ Period end total deposit balances increased $2.5bn or 9% YoY $27.6 $28.5 $26.5 $27.4 $25.7 $26.3 ◼ Ending non-interest bearing deposits, excl. $2.5 $0.0 $0.0 MF9 deposits increased for the second $0.5 $0.3 $0.4 straight quart
Slide 8: Net Interest Income Sensitivity
Net Interest Income Sensitivity Net Interest Income Sensitivity – Static Balance Sheet ($mm) Standard Model Assumptions10 ◼ 94% of LHI excl. mortgage finance LHI is 100bp & 200bp Parallel Shocks variable rate 10.0% $69 $59 8.0% 6.0% $37 ◼ $1bn of loans are fixed rate with 10% ◼ Loan Balances: Static
Slide 9: Q1-2026 Earnings Overview
Q1-2026 Earnings Overview Net Interest Income ($mm) ◼ Net interest income declined $12.7mm QoQ from seasonal mortgage finance $3.0 $10.4 factors and anticipated loan repricing ($0.0) ($9.0) which was partially offset by deposit ($6.5) ($3.2) ($0.9) ($0.7) ($5.8) repricing $267.4 ◼ Non-interest incom
Slide 10: Non-Interest Income
Non-Interest Income Non-Interest Income ($mm) Non-Interest Income Composition % of Total Revenue, Adj.2 Q1 2026 6% 16% 18% 20% 18% 21% Wealth $56.0 17% Treasury5 $68.6 $69.3 $60.0 61% $54.1 $44.4 Investment Banking & 16% Trading Other Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Non-Interest Income Non-I
Slide 11: Asset Quality Trends
Asset Quality Trends Allowance for Credit Loss Reserve Ratios Asset Quality Ratios ◼ Total ACL of $331.5mm Criticized / LHI 3.41% ◼ Total ACL, excl. MF9 increased $2.3mm NPAs / Total Assets QoQ to $328.9mm 1.85% 1.82% 1.81% NCOs / Avg. LHI 2.66% 2.64% 2.58% 1.48% 2.19% ◼ Total ACL, excl. MF9 to LHI,
Slide 12: Capital Position and Trends
Capital Position and Trends Regulatory Capital Levels ◼ Regulatory capital ratios remain strong 2026 Guidance 16.10% 16.12% 15.93% ◼ During the first quarter, the Firm issued 15.61% 15.30% $400mm of fixed-to-floating rate senior 2.51% 2.44% 2.50% 2.52% 2.49% notes at 5.30% due in 2032 1.46% 1.41% 1.
Slide 13: Full Year 2026 Guidance
Full Year 2026 Guidance Full Year 2025 Full Year 2026 Guidance Commentary Adjusted (Non-GAAP2) Guidance ◼ Forward curve14 assumes 25bps cut in December with an exit rate of 3.50% at Total Revenue, Adjusted2 $1,257.7mm Mid to high single-digit % growth year end 2026 ◼ Tax rate expected to be approxim
Slide 14: Appendix // Footnotes
Appendix // Footnotes 1. Comparisons vs. Q1 2025 GAAP and adjusted metrics unless otherwise noted 2. See slide: Non-GAAP Reconciliation // Adjusted Earnings & Ratios 3. “PPNR” used as an abbreviation for Pre-Provision Net Revenue which is the sum of net interest income and non-interest income, less
Slide 15: Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE)
Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE) ROATCE is a non-GAAP financial measure. ROATCE represents the measure of net income available to common shareholders as a percentage of average tangible common equity. ROATCE is used by management in assessing financial per
Slide 16: Non-GAAP Reconciliation // Adjusted Earnings & Ratios
Non-GAAP Reconciliation // Adjusted Earnings & Ratios ($mm, except per share) Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 YoY Change FY 2025 Adjusted line items are non-GAAP financial measures that management believes aids in the discussion of Net Interest Income $236.0 $253.4 $271.8 $267.4 $254.7 $18.7
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