Texas Capital Bancshares Inc. (TCBI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2000 MCKINNEY AVE
DALLAS, TX 75201
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,294,6755,046,2167,946,6599,206,3804,425,5833,080,065
Cash and cash equivalents3,242,8505,012,2607,946,6599,206,3804,425,5833,080,065
Short-term investments51,82533,956    
Total current assets:3,294,6755,046,2167,946,6599,206,3804,425,5833,080,065
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1,5292,865259  
Operating lease, right-of-use asset 87,81079,88955,33067,000 
Property, plant and equipment32,36626,38220,90124,54631,21223,802
Intangible assets, net (including goodwill) 1,5001,49617,26217,66718,09918,570
Goodwill 1,5001,49615,09415,09415,09415,094
Intangible assets, net (excluding goodwill)   2,1682,5733,0053,476
Total noncurrent assets:123,205110,63293,752109,21349,31142,372
Other undisclosed assets24,938,38623,257,79426,691,32728,410,50328,073,17525,135,330
TOTAL ASSETS:28,356,26628,414,64234,731,73837,726,09632,548,06928,257,767
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities25,157,12425,359,29131,522,12234,854,87229,715,81125,757,373
Total liabilities:25,157,12425,359,29131,522,12234,854,87229,715,81125,757,373
Equity
Equity, attributable to parent3,199,1423,055,3513,209,6162,871,2242,832,2582,500,394
Preferred stock300,000300,000300,000150,000150,000150,000
Common stock511509506504503502
Treasury stock, value(220,334)(115,310)(8)(8)(8)(8)
Additional paid in capital1,045,5761,025,5931,008,559991,898978,205967,890
Accumulated other comprehensive income (loss)(362,004)(418,943)(47,715)15,7748,950518
Retained earnings2,435,3932,263,5021,948,2741,713,0561,694,6081,381,492
Total equity:3,199,1423,055,3513,209,6162,871,2242,832,2582,500,394
TOTAL LIABILITIES AND EQUITY:28,356,26628,414,64234,731,73837,726,09632,548,06928,257,767

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,521,6291,080,068835,0821,097,4631,336,3991,145,425
Net investment income1,521,6291,081,058833,7651,039,4371,356,6581,161,359
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(72,000)(66,000) (258,000)(75,000)(87,000)
Gross profit:1,449,6291,014,068835,082839,4631,261,3991,058,425
Operating expenses(210,534)(221,721)(159,575)(231,478)(185,000)(142,723)
Operating income:1,239,095792,347675,507607,9851,076,399915,702
Nonoperating income
(Investment Income, Nonoperating)
  248,526    
Interest and debt expense(715,800)(268,479)(107,748)(188,086)(385,592)(249,333)
Income from continuing operations before equity method investments, income taxes:523,295772,394567,759419,899690,807666,369
Other undisclosed loss from continuing operations before income taxes(276,700)(340,639)(229,704)(327,953)(283,646)(285,581)
Income from continuing operations before income taxes:246,595431,755338,05591,946407,161380,788
Income tax expense(57,454)(99,277)(84,116)(25,657)(84,295)(79,964)
Income from continuing operations:189,141332,478253,93966,289322,866300,824
Income before gain (loss) on sale of properties:253,93966,289322,866300,824
Net income attributable to parent:189,141332,478253,93966,289322,866300,824
Preferred stock dividends and other adjustments(17,250)(17,250)(18,721)(9,750)(9,750)(9,750)
Net income available to common stockholders, diluted:171,891315,228235,21856,539313,116291,074

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:189,141332,478253,93966,289322,866300,824
Other comprehensive income (loss)56,939(371,228)16,877(1,815)(2,242)(1)
Comprehensive income (loss):246,080(38,750)270,81664,474320,624300,823
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (80,366)8,63910,6747
Comprehensive income (loss), net of tax, attributable to parent:246,080(38,750)190,45073,113331,298300,830

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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