Texas Capital Bancshares Inc - Understand $tcbi stock

$TCBI Market Cap: $4.118 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.292B

TTM

Gross Margin

Net Earnings

$22.32M

TTM

Current Assets

Current Liabilities

$18.68M

Q3 2024

Current Ratio

Total Assets

$31.63B

Q3 2024

Total Liabilities

$28.28B

Q3 2024

Book Value

$3.354B

Q3 2024

Cash

$4.192B

Q3 2024

P/E

184.5

Nov 13, 2024 EST

Free Cash Flow

$589.1M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	$1.630B	$1.144B	$876.6M	$1.039B	$1.355B	$1.164B	$879.3M	$703.4M	$603.0M	$514.5M	$444.6M	$398.5M	$149.0K	$238.0K
YoY Change	42.45%	30.53%	-15.66%	-23.28%	16.37%	32.4%	25.01%	16.66%	17.18%	15.73%	11.59%	267320.81%	-37.39%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$1.630B	$1.144B	$876.6M	$1.039B	$1.355B	$1.164B	$879.3M	$703.4M	$603.0M	$514.5M	$444.6M	$398.5M	$149.0K	$238.0K
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development	$81.26M	$69.25M	$75.19M	$103.1M	$44.83M	$30.06M	$31.00M	$25.56M	$21.43M	$18.67M	$13.76M	$11.16M	$9.608M	$8.511M
YoY Change	17.34%	-7.89%	-27.04%	129.9%	49.14%	-3.06%	21.29%	19.31%	14.77%	35.64%	23.34%	16.13%	12.89%
% of Gross Profit
Depreciation & Amortization	$40.47M	$45.28M	$93.41M	$74.93M	$37.27M	$32.02M	$27.87M	$21.81M	$16.50M	$14.80M	$11.48M	$9.437M	$9.103M	$6.821M	$7.800M	$7.700M	$7.300M	$5.800M	$1.800M	$1.500M	$1.400M	$1.700M	$1.900M	$1.600M
YoY Change	-10.62%	-51.52%	24.67%	101.05%	16.38%	14.89%	27.77%	32.25%	11.47%	28.9%	21.65%	3.67%	33.46%	-12.55%	1.3%	5.48%	25.86%	222.22%	20.0%	7.14%	-17.65%	-10.53%	18.75%	128.57%
% of Gross Profit
Operating Expenses	$81.26M	$69.25M	$75.19M	$103.1M	$44.83M	$30.06M	$31.00M	$25.56M	$21.43M	$18.67M	$13.76M	$11.16M	$5.560M	$6.067M
YoY Change	17.34%	-7.89%	-27.04%	129.9%	49.14%	-3.06%	21.29%	19.31%	14.77%	35.64%	23.34%	100.68%	-8.36%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$715.8M	$268.5M	$107.7M	$188.1M	$385.6M	$249.3M	$118.0M	$63.59M	$46.43M	$37.58M	$25.11M	$21.58M	$18.66M	$38.14M
YoY Change	166.61%	149.17%	-42.71%	-51.22%	54.65%	111.35%	85.51%	36.97%	23.54%	49.66%	16.38%	15.62%	-51.06%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Pretax Income	$246.6M	$431.8M	$338.1M	$91.95M	$396.3M	$373.4M	$324.7M	$241.2M	$224.5M	$212.4M	$187.8M	$188.5M	$118.5M	$56.95M	$36.90M	$37.80M	$47.80M	$43.90M	$40.80M	$30.00M	$11.60M	$9.900M	$5.800M	-$16.50M
YoY Change	-42.89%	27.72%	267.67%	-76.8%	6.15%	14.97%	34.63%	7.44%	5.71%	13.07%	-0.39%	59.15%	108.02%	54.33%	-2.38%	-20.92%	8.88%	7.6%	36.0%	158.62%	17.17%	70.69%	-135.15%	77.42%
Income Tax	$57.45M	$99.28M	$84.12M	$25.66M	$84.30M	$79.96M	$128.6M	$86.08M	$79.64M	$76.01M	$66.76M	$67.87M	$42.30M	$19.56M	$12.50M	$12.90M	$16.40M	$15.00M	$13.90M	$10.00M	-$2.200M	$2.500M	$0.00	$0.00
% Of Pretax Income	23.3%	22.99%	24.88%	27.9%	21.27%	21.42%	39.62%	35.69%	35.48%	35.79%	35.55%	36.0%	35.71%	34.34%	33.88%	34.13%	34.31%	34.17%	34.07%	33.33%	-18.97%	25.25%	0.0%
Net Earnings	$171.9M	$315.2M	$253.9M	$66.29M	$312.0M	$293.4M	$196.1M	$155.1M	$144.9M	$136.4M	$121.1M	$120.7M	$75.98M	$37.19M	$24.20M	$24.30M	$29.40M	$28.90M	$27.20M	$19.60M	$13.80M	$7.300M	$5.800M	-$16.50M
YoY Change	-45.47%	24.14%	283.08%	-78.75%	6.35%	49.63%	26.41%	7.09%	6.24%	12.64%	0.31%	58.83%	104.31%	53.67%	-0.41%	-17.35%	1.73%	6.25%	38.78%	42.03%	89.04%	25.86%	-135.15%	77.42%
Net Earnings / Revenue	10.55%	27.55%	28.97%	6.38%	23.03%	25.2%	22.3%	22.05%	24.02%	26.5%	27.23%	30.28%	50990.6%	15624.79%
Basic Earnings Per Share	$3.58	$6.25	$4.65	$1.12	$6.01	$5.68	$3.78	$3.14	$2.95	$2.93	$2.78	$3.09	$2.03	$1.02
Diluted Earnings Per Share	$3.54	$6.180M	$4.60	$1.12	$5.99	$5.64	$3.73	$3.11	$2.91	$2.88	$2.72	$3.00	$1.98	$1.00	$703.5K	$867.9K	$1.101M	$1.091M	$1.023M	$748.1K	$597.4K	$378.2K	$302.1K	-$948.3K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$32.37M	$26.38M	$76.00M	$92.00M	$31.00M	$24.00M	$25.00M	$20.00M	$24.00M	$23.00M	$11.00M	$11.00M	$11.00M	$12.00M	$11.00M	$9.000M	$6.000M	$34.00M	$22.00M	$5.000M	$5.000M	$4.000M	$5.000M	$6.000M
YoY Change	22.68%	-65.29%	-17.39%	196.77%	29.17%	-4.0%	25.0%	-16.67%	4.35%	109.09%	0.0%	0.0%	-8.33%	9.09%	22.22%	50.0%	-82.35%	54.55%	340.0%	0.0%	25.0%	-20.0%	-16.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$51.83M	$33.96M
YoY Change	52.62%
Other Assets	$185.1M	$182.4M	$66.00M	$29.00M		$34.00M	$28.00M	$59.00M		$52.00M	$48.00M	$0.00	$0.00	$0.00	$1.000M	$1.000M	$1.000M	$17.00M	$39.00M
YoY Change	1.45%	176.38%	127.59%			21.43%	-52.54%			8.33%				-100.0%	0.0%	0.0%	-94.12%	-56.41%
Total Long-Term Assets
YoY Change
Total Assets	$28.36B	$28.41B	$34.73B	$37.73B	$32.55B	$28.26B	$25.08B	$21.70B	$18.90B	$15.91B	$11.72B	$10.54B	$8.138B	$6.446B	$5.699B	$5.142B	$4.287B	$3.675B	$3.042B	$2.611B	$2.193B	$1.793B	$1.165B	$908.0M
YoY Change
Accounts Payable	$33.23M	$24.00M	$8.000M	$11.00M	$13.00M	$21.00M	$8.000M	$5.000M	$5.000M	$5.000M	$1.000M	$1.000M	$1.000M	$3.000M	$2.000M	$6.000M	$6.000M	$6.000M	$5.000M	$4.000M	$3.000M	$4.000M	$3.000M	$4.000M
YoY Change	38.48%	200.0%	-27.27%	-15.38%	-38.1%	162.5%	60.0%	0.0%	0.0%	400.0%	0.0%	0.0%	-66.67%	50.0%	-66.67%	0.0%	0.0%	20.0%	25.0%	33.33%	-25.0%	33.33%	-25.0%
Accrued Expenses	$109.5M	$103.8M	$69.00M	$83.00M
YoY Change	5.5%	50.46%	-16.87%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$1.142M	$3.000M	$112.0M	$142.0M	$641.0M	$365.0M	$110.0M	$143.0M	$93.00M	$171.0M	$297.0M	$436.0M	$295.0M	$606.0M	$428.0M	$352.0M	$209.0M	$212.0M	$592.0M	$511.0M	$386.0M	$154.0M	$12.00M
YoY Change	-100.0%	-61.93%	-97.32%	-21.13%	-77.85%	75.62%	231.82%	-23.08%	53.76%	-45.61%	-42.42%	-31.88%	47.8%	-51.32%	41.59%	21.59%	68.42%	-1.42%	-64.19%	15.85%	32.38%	150.65%	1183.33%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$33.23M	$24.00M	$77.00M	$94.00M	$13.00M	$21.00M	$8.000M	$5.000M	$5.000M	$5.000M	$1.000M	$1.000M	$1.000M	$3.000M	$2.000M	$6.000M	$6.000M	$6.000M	$5.000M	$4.000M	$3.000M	$4.000M	$3.000M	$4.000M
YoY Change	38.48%	-68.83%	-18.09%	623.08%	-38.1%	162.5%	60.0%	0.0%	0.0%	400.0%	0.0%	0.0%	-66.67%	50.0%	-66.67%	0.0%	0.0%	20.0%	25.0%	33.33%	-25.0%	33.33%	-25.0%
Long-Term Debt	$859.1M	$931.4M	$929.0M	$396.0M	$396.0M	$395.0M	$395.0M	$394.0M	$394.0M	$399.0M	$224.0M	$224.0M	$113.0M	$113.0M	$113.0M	$153.0M	$113.0M	$113.0M	$46.00M	$21.00M	$21.00M	$10.00M	$0.00	$0.00
YoY Change	-7.76%	0.26%	134.6%	0.0%	0.25%	0.0%	0.25%	0.0%	-1.25%	78.13%	0.0%	98.23%	0.0%	0.0%	-26.14%	35.4%	0.0%	145.65%	119.05%	0.0%	110.0%
Other Long-Term Liabilities	$392.9M	$345.8M	$204.0M	$257.0M	$318.0M	$194.0M	$182.0M	$161.0M	$153.0M	$151.0M	$116.0M	$92.00M	$83.00M	$49.00M	$24.00M	$21.00M	$23.00M	$22.00M	$15.00M	$7.000M	$6.000M	$8.000M	$6.000M	$5.000M
YoY Change	13.61%	69.52%	-20.62%	-19.18%	63.92%	6.59%	13.04%	5.23%	1.32%	30.17%	26.09%	10.84%	69.39%	104.17%	14.29%	-8.7%	4.55%	46.67%	114.29%	16.67%	-25.0%	33.33%	20.0%
Total Long-Term Liabilities	$1.252B	$1.277B	$1.133B	$653.0M	$714.0M	$589.0M	$577.0M	$555.0M	$547.0M	$550.0M	$340.0M	$316.0M	$196.0M	$162.0M	$137.0M	$174.0M	$136.0M	$135.0M	$61.00M	$28.00M	$27.00M	$18.00M	$6.000M	$5.000M
YoY Change	-1.97%	12.73%	73.51%	-8.54%	21.22%	2.08%	3.96%	1.46%	-0.55%	61.76%	7.59%	61.22%	20.99%	18.25%	-21.26%	27.94%	0.74%	121.31%	117.86%	3.7%	50.0%	200.0%	20.0%
Total Liabilities	$25.16B	$25.36B	$31.52B	$34.86B	$29.75B	$25.76B	$22.87B	$19.69B	$17.28B	$14.42B	$10.62B	$9.705B	$7.521B	$5.918B	$5.218B	$4.755B	$3.992B	$3.422B	$2.827B	$2.416B	$2.021B	$1.668B	$1.058B	$822.0M
YoY Change	-0.8%	-19.55%	-9.56%	17.17%	15.49%	12.61%	16.18%	13.94%	19.82%	35.75%	9.47%	29.04%	27.09%	13.42%	9.74%	19.11%	16.66%	21.05%	17.01%	19.54%	21.16%	57.66%	28.71%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	48.05M shares	50.46M shares	50.58M shares	50.43M shares	50.29M shares	49.94M shares	49.59M shares	46.24M shares	45.81M shares	43.24M shares	40.86M shares	39.05M shares	37.33M shares	36.63M shares
Diluted Shares Outstanding	48.61M shares	51.05M shares	51.14M shares	50.58M shares	50.42M shares	50.27M shares	50.26M shares	46.77M shares	46.44M shares	44.00M shares	41.78M shares	40.17M shares	38.33M shares	37.35M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.1179 Billion

About Texas Capital Bancshares Inc

Texas Capital Bancshares, Inc. is a holding company, which engages in the provision of financial services and customized solutions to businesses, entrepreneurs, and individual customers. The company is headquartered in Dallas, Texas and currently employs 1,987 full-time employees. The company went IPO on 2003-08-13. The Company, through its subsidiary Texas Capital Bank (the Bank), provides a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The Bank offers a full range of products and services, including commercial loans for general corporate purposes, including financing for working capital, organic growth, and acquisitions; real estate term and construction loans; mortgage warehouse lending; treasury management services, including online banking and debit and credit card services; investment banking and advisory services, and letters of credit. The company also provides banking services for its individual customers, including personal wealth management and trust services; certificates of deposit; interest and non-interest bearing checking accounts; savings accounts; secured and unsecured loans; online and mobile banking, and investment banking, and advisory services.

Industry: State Commercial Banks Peers: Associated Banc-Corp BancFirst Corp Bank of Hawaii Corp BankUnited Inc Cathay General Bancorp PACWEST BANCORP Pacific Premier Bancorp Inc PNC Financial Services Group Inc Simmons First National Corp