SequelSEC

TEXAS CAPITAL BANCSHARES INC/TX TCBI

State Commercial Banks · CIK 0001077428 · Fiscal year ends 1231 · Bank

Revenue
Unavailable
Fiscal year ended 2025-12-31
Net income
$330.24M
Fiscal year ended 2025-12-31
Total assets
$31.54B
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$3.57BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$80.80Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income10.8×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity1.0×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

10.8× earnings today, against a median of 13.3× across 10 years on record. Below its own history.

Float measuredPublic floatFloat / net income
2025-06-30$3.57B10.8×
2024-06-30$2.78B35.9×
2023-06-30$2.45B12.9×
2022-06-30$2.61B7.9×
2021-06-30$3.19B12.6×
2020-06-30$1.55B23.3×
2019-06-28$3.07B9.8×
2018-06-29$4.57B15.6×
2017-06-30$4.47B22.8×
2016-06-30$2.13B13.7×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the State Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Effective tax rate23.7%76th
Long-term debt / equity0.17x56th

TEXAS CAPITAL BANCSHARES INC/TX (TCBI) reported net income of $330.24M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from TEXAS CAPITAL BANCSHARES INC/TX’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

TEXAS CAPITAL BANCSHARES INC/TX income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
RevenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$330.24M$77.51M$189.14M$332.48M$253.94M$66.29M$312.02M$293.39M$196.08M$155.12M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 46.13Mshares 46.99Mshares 48.61Mshares 51.05Mshares 51.14Mshares 50.58Mshares 50.42Mshares 50.27Mshares 50.26Mshares 46.77M
Pretax income$432.71M$107.06M$246.60M$431.76M$338.06M$91.95M$396.31M$373.35M$324.73M$241.20M
Income tax expense$102.47M$29.55M$57.45M$99.28M$84.12M$25.66M$84.30M$79.96M$128.64M$86.08M
Diluted EPS$6.79$1.28$3.54$6.18$4.60$1.12$5.99$5.64$3.73$3.11
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

TEXAS CAPITAL BANCSHARES INC/TX balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalentsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$4.43B$3.08B$2.91B$2.84B
Total assets$31.54B$30.73B$28.36B$28.41B$34.73B$37.73B$32.55B$28.26B$25.08B$21.70B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$27.91B$27.36B$25.16B$25.36B$31.52B$34.85B$29.75B$25.78B$22.89B$19.69B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$3.63B$3.37B$3.20B$3.06B$3.21B$2.87B$2.80B$2.48B$2.19B$2.00B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$1.50M$1.50M$1.50M$1.50M$15.09M$15.09M$15.09M$15.09M$15.09M$15.09M
Long-term debt$620.58M$660.35M$859.15M$931.44M$928.74M$395.90MUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

TEXAS CAPITAL BANCSHARES INC/TX cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$360.15M$480.09M$373.74M$147.97M$657.32M$2.64B-$240.19M-$679.72M$132.16M-$726.29M
Capital expenditures$12.57M$64.84M$16.38M$11.27M$4.13M$2.80M$16.65M$7.65M$12.26M$2.18M
Investing cash flow-$1.85B-$2.48B-$1.76B$3.31B$1.23B-$2.94B-$2.28B-$1.99B-$3.22B-$850.21M
Financing cash flow$404.27M$1.94B-$387.67M-$6.39B-$3.15B$5.08B$3.86B$2.85B$3.15B$2.62B
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$1.35B$174.47M$66.24M$1.05B
Stock-based compensation$36.76M$24.69M$24.20M$21.43M$31.33M$17.44M$17.60M$16.94M$22.02M$13.58M
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$185.85M$81.51M$105.02M$115.30M$0$0UnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$52.17M$54.23M$40.47M$45.28M$93.41M$74.92M$37.27M$32.02M$27.87M$21.81M

Derived

TEXAS CAPITAL BANCSHARES INC/TX derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flow$347.58M$415.25M$357.36M$136.70M$653.19M$2.64B-$256.84M-$687.37M$119.90M-$728.47M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growthUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.17xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate23.7%27.6%23.3%23.0%24.9%27.9%21.3%21.4%Unavailable35.7%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TCBI in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-10-22View SEC filing
10-Q · Filed 2026-07-23View SEC filing
10-Q · Filed 2026-04-23View SEC filing
10-K · Filed 2026-02-10View SEC filing
10-Q · Filed 2025-10-23View SEC filing
10-Q · Filed 2025-07-17View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.