--- title: "Texas Capital Bancshrs Pref Share TCBIO 5.75 Perp 06/15/26 B | 8-K: FY2025 Q4 Revenue: USD 327.48 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/273361990.md" datetime: "2026-01-22T11:06:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273361990.md) - [en](https://longbridge.com/en/news/273361990.md) - [zh-HK](https://longbridge.com/zh-HK/news/273361990.md) generator: "portal-rs" --- # Texas Capital Bancshrs Pref Share TCBIO 5.75 Perp 06/15/26 B | 8-K: FY2025 Q4 Revenue: USD 327.48 M Revenue: As of FY2025 Q4, the actual value is USD 327.48 M. EPS: As of FY2025 Q4, the actual value is USD 2.12. EBIT: As of FY2025 Q4, the actual value is USD -124.15 M. #### Overall Performance and Key Highlights Texas Capital Bancshares, Inc. reported net income available to common stockholders of $96.3 million for the fourth quarter of 2025, marking a 44% increase year-over-year (YoY). For the full year 2025, net income available to common stockholders was $312,994 thousand, a significant increase from $60,258 thousand in full year 2024. GAAP net income to common was $313.0 million, an increase of $252.7 million or 419% YoY, while adjusted net income to common was $313.8 million, up $105.4 million or 51% YoY. The company achieved record-level book value and tangible book value per share, both increasing by 13% YoY. Capital ratios remained strong, with a CET1 ratio of 12.1% and a Total Capital ratio of 16.1% as of December 31, 2025. #### Revenue - **Total Revenue:** - Fourth Quarter 2025: $327,483 thousand, compared to $283,681 thousand in Q4 2024. - Full Year 2025: $1,255,779 thousand, compared to $932,346 thousand in Full Year 2024. - **Net Interest Income:** - Fourth Quarter 2025: $267,437 thousand, up from $229,607 thousand in Q4 2024. - Full Year 2025: $1,028,637 thousand, up from $901,300 thousand in Full Year 2024. - **Non-interest Income:** - Fourth Quarter 2025: $60,046 thousand, up from $54,074 thousand in Q4 2024, primarily due to increases in service charges on deposit accounts and investment banking and advisory fee income. - Full Year 2025: $227,142 thousand, significantly up from $31,046 thousand in Full Year 2024. - **Net Interest Margin:** - Fourth Quarter 2025: 3.38%, an improvement of 45 basis points (bps) YoY. - Full Year 2025: 3.35%, an improvement of 32 bps YoY. - **Fee Income from Areas of Focus:** Investment Banking, Private Wealth, and Treasury Product Fees totaled $191.9 million for the full year 2025, an increase of $14.2 million or 8% YoY, representing a record high. For Q4 2025, these fees were $51.3 million, an increase of $5.6 million or 12% YoY, with quarterly Treasury Product Fees up 16% or $1.5 million YoY. #### Operating Costs and Profitability - **Non-interest Expense:** - Fourth Quarter 2025: $184,198 thousand, compared to $172,159 thousand in Q4 2024, primarily due to increases in salaries and benefits, communications and technology expense, and other non-interest expense, partially offset by decreases in legal and professional expense and FDIC insurance assessment expense. - Full Year 2025: $768,069 thousand, compared to $758,285 thousand in Full Year 2024. - **Pre-provision Net Revenue (PPNR):** - Fourth Quarter 2025: $143,285 thousand, up from $111,522 thousand in Q4 2024. GAAP PPNR was $143.3 million, an increase of $31.8 million or 28% YoY, with adjusted PPNR growing $29.5 million or 26% YoY, remaining near all-time highs. - Full Year 2025: $487,710 thousand, significantly up from $174,061 thousand in Full Year 2024. GAAP PPNR reached $487.7 million, increasing $313.6 million or 180% YoY, while adjusted PPNR was $488.8 million, a rise of $119.4 million or 32% YoY, marking a record high. - **Efficiency Ratio:** - Fourth Quarter 2025: 56.2%, an improvement from 60.7% in Q4 2024. - Full Year 2025: 61.2%, an improvement from 81.3% in Full Year 2024. GAAP efficiency ratio was 61.1%, a decrease of 564 bps YoY, and the adjusted efficiency ratio was 61.2%, a decrease of 2,017 bps YoY. #### Credit Quality - **Provision for Credit Losses:** - Fourth Quarter 2025: $11,000 thousand, down from $18,000 thousand in Q4 2024, resulting primarily from an increase in criticized loans and $10.7 million in net charge-offs. - Full Year 2025: $55,000 thousand, down from $67,000 thousand in Full Year 2024. - **Net Charge-offs:** $10.7 million in Q4 2025, compared to $12.1 million in Q4 2024. Full year net charge-offs amounted to $47.2 million or 20 bps of average LHI. - **Criticized Loans:** Totaled $634.9 million at December 31, 2025, compared to $714.0 million at December 31, 2024. Criticized LHI declined $79 million or 11% YoY, with its percentage of total LHI decreasing 54 bps to 2.64%. - **Non-accrual Loans Held for Investment (LHI):** Totaled $116.9 million at December 31, 2025, compared to $111.2 million at December 31, 2024. - **Ratio of Non-accrual LHI to total LHI:** 0.49% for Q4 2025, compared to 0.50% for Q4 2024. - **Ratio of total allowance for credit losses to total LHI:** 1.38% at December 31, 2025, compared to 1.45% at December 31, 2024. Total ACL as a percentage of LHI was 1.38%, and 1.82% when excluding mortgage finance. - **Total Allowance for Credit Losses (ACL):** Increased to $332.8 million for the full year 2025. Total ACL excluding Mortgage Finance (MF) increased $2.8 million quarter-over-quarter (QoQ) to $326.6 million. #### Balance Sheet and Capital - **Total Assets:** $31,540,274 thousand at December 31, 2025, compared to $30,731,883 thousand at December 31, 2024. - **Loans Held for Investment:** $17,976,183 thousand at December 31, 2025, compared to $17,234,492 thousand at December 31, 2024. Total LHI increased $1.6 billion or 7% YoY. - **Total Deposits:** $26,448,767 thousand at December 31, 2025, compared to $25,238,599 thousand at December 31, 2024. Total deposit balances increased $1.2 billion or 5% YoY. - **Stockholders’ Equity:** $3,631,382 thousand at December 31, 2025, compared to $3,367,936 thousand at December 31, 2024. - **Book Value Per Share:** $75.28 at December 31, 2025, up from $66.36 at December 31, 2024. Book Value per Share was up $8.92 or 13% YoY. - **Tangible Book Value Per Share:** $75.25 at December 31, 2025, up from $66.32 at December 31, 2024. This was an all-time high for the firm, increasing $8.93 or 13% YoY. - **Regulatory Ratios (as of December 31, 2025):** CET1 ratio was 12.1% (up from 11.4% in 2024), Tier 1 capital was 13.6% (up from 12.8% in 2024), Total capital was 16.1% (up from 15.4% in 2024), and Leverage ratio was 11.7% (up from 11.3% in 2024), with all ratios exceeding “well capitalized” requirements. Common Equity to Total Assets and Tangible Common Equity to Tangible Assets both stood at 10.56%, an increase of 58 bps YoY, with tangible common equity to tangible assets ending the year at a record high. - **Share Repurchase Program:** The company authorized a new share repurchase program for up to $200.0 million of common stock through December 31, 2026. During Q4 2025, the company repurchased 1,445,212 shares for an aggregate of $126.6 million. For the full year, 2.2 million shares were repurchased, representing 4.9% of prior year shares outstanding, at a weighted average price of approximately 114% of prior month tangible book value per share. #### Outlook / Guidance Texas Capital Bancshares, Inc. concluded 2025 with strong consecutive quarters, surpassing its long-term Return on Average Assets goal of 1.1% in the final two quarters of 2025, which validates its multi-year transformation strategy and positions it for sustainable value for investors. For full year 2026, the company expects adjusted total revenue to show mid to high single-digit percentage growth from $1,257.7 million in 2025, with adjusted non-interest expense anticipated to have mid single-digit percentage growth from $768.9 million in 2025. The provision/average LHI, excluding mortgage finance LHI, is projected to be between 35 bps and 40 bps, compared to 31 bps in 2025, with a tax rate expected to be approximately 25% for the full year in 2026. ### Related Stocks - [TCBIO.US](https://longbridge.com/en/quote/TCBIO.US.md) ## Related News & Research - [Oil set for second weekly rise as unsettled US-Iran war crimps supply](https://longbridge.com/en/news/296555193.md) - [IREN Just Passed Its Biggest AI Test as Microsoft and Nvidia Bet Billions](https://longbridge.com/en/news/296533962.md) - [Trump Boosted INTC and DELL: Now He Says ‘Do Magnets’—Are MP and USAR Stocks Next?](https://longbridge.com/en/news/296591886.md) - [Andrew Polovin Sells 22,148 Shares of Tempus AI (NASDAQ:TEM) Stock](https://longbridge.com/en/news/296610788.md) - [MSH Capital Advisors LLC Acquires New Shares in Chevron Corporation $CVX](https://longbridge.com/en/news/296598647.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**