Earnings Report Analysis - Texas Capital Bancshares (NASDAQ: TCBI) recently released its quarterly earnings report, which failed to excite investors [1] - Prior to the earnings release, the stock was trading above $80 per share [1] Investor Profile - The investor has a strong interest in fundamental analysis, focusing on actual company results rather than technical analysis [2] - The investor primarily invests in stocks and ETFs, with a preference for US companies but also analyzes European and Chinese companies [2] - The investor has a long-term investment horizon and often takes a contrarian view [2] - The banking sector is of particular interest to the investor, as it is considered fundamental to understanding the health of an economy [2] - The investor is also interested in macroeconomics [2]

Core Viewpoint - Texas Capital Bancshares, Inc. (TCBI) reported strong fourth-quarter 2024 adjusted earnings per share (EPS) of $1.43, exceeding expectations and showing significant improvement from the previous year [1][2] Financial Performance - For the fourth quarter of 2024, adjusted EPS was $1.43, beating the Zacks Consensus Estimate of $1.07, and up from 65 cents in the same quarter last year [1] - The full-year adjusted EPS for 2024 was $4.43, surpassing the Zacks Consensus Estimate of $4.08, and up from $3.85 in the prior year [2] - Net income available to common shareholders (GAAP basis) for the fourth quarter was $66.7 million, a substantial increase from $15.8 million in the prior-year quarter [3] - However, for the full year 2024, net income available to common shareholders (GAAP basis) was $60.3 million, reflecting a 64.9% decline year over year [3] Revenue and Expenses - Total quarterly revenues rose 15.4% year over year to $283.68 million, although it fell short of the Zacks Consensus Estimate of $284.19 million [4] - Full-year revenues for 2024 were $932.3 million, down 13.3% year over year, and also missed the Zacks Consensus Estimate of $1.11 billion [4] - Net interest income (NII) for the fourth quarter was $229.6 million, a 6.9% increase year over year, driven by higher loan balances and lower funding costs [5] - Non-interest income surged 73.7% to $54.1 million, primarily due to increased investment banking and advisory fees [5] - Non-interest expenses decreased by 14.5% to $172.2 million, attributed to lower salaries and benefits from reduced headcount [6] Asset and Deposit Trends - As of December 31, 2024, total loans held for investment (LHI) increased nearly 1% sequentially to $22.4 billion, while total deposits decreased by 2.4% to $25.2 billion [7] Credit Quality - Total non-performing assets rose 36.6% to $111.2 million compared to the prior-year quarter [8] - Provision for credit losses was $18 million, down 5.2% from the year-ago quarter, while net charge-offs decreased by 12.8% to $12.1 million [8] Capital Ratios - As of December 31, 2024, the tangible common equity to total tangible assets ratio decreased to 10% from 10.2% in the prior year [9] - The leverage ratio was 11.3%, down from 12.2% as of December 31, 2023, and the common equity tier 1 ratio was 11.4%, down from 12.6% in the previous year [10] Strategic Outlook - The company continues to execute its strategic plan aimed at enhancing top-line growth, with increasing NII and fee income expected to support future performance [11]

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. These statements are not historical in nature and may often be identified by the use of words such as "believes," "projects," "expects," "may," "estimates," "should," "plans," "targets," "intends" "could," "would," " ...

Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Q4 2024 Earnings Conference Call January 23, 2024 9:00 AM ET Company Participants Jocelyn Kukulka - Head of Investor Relations Rob Holmes - President & Chief Executive Officer Matt Scurlock - Chief Financial Officer Conference Call Participants Benjamin Gerlinger - Citi Peter Winter - D.A. Davidson Jared Shaw - Barclays Capital Anthony Elian - JPMorgan Operator Good morning all and thank you for attending the Texas Capital Bancshares, Inc. Q4 2024 Earnings Confer ...

Core Insights - Texas Capital (TCBI) reported a revenue of $283.68 million for the quarter ended December 2024, reflecting a year-over-year increase of 15.4% [1] - The earnings per share (EPS) for the quarter was $1.43, significantly higher than the $0.65 reported in the same quarter last year, indicating a strong performance [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $284.19 million, resulting in a revenue surprise of -0.18%, while the EPS exceeded expectations by 33.64% [1] Financial Performance Metrics - Efficiency Ratio stood at 60.7%, outperforming the average estimate of 68.2% based on five analysts [4] - Net interest margin was reported at 2.9%, lower than the average estimate of 3.1% from five analysts [4] - Total earning assets averaged $31.03 billion, surpassing the four-analyst average estimate of $29.78 billion [4] - Net charge-offs to average total loans held for investment for the last 12 months were 0.2%, better than the 0.3% average estimate from four analysts [4] - Total non-performing assets amounted to $111.17 million, exceeding the average estimate of $96.12 million from three analysts [4] - Non-accrual loans held for investment were also reported at $111.17 million, compared to the average estimate of $96.12 million from three analysts [4] - Total Non-Interest Income was $54.07 million, higher than the average estimate of $48.79 million from five analysts [4] - Net Interest Income was reported at $229.61 million, slightly below the average estimate of $233.97 million from five analysts [4] - Net Interest Income (FTE) was $229.82 million, compared to the four-analyst average estimate of $232.53 million [4] - Other Non-Interest Income was $8.33 million, lower than the three-analyst average estimate of $9.25 million [4] - Wealth management and trust fee income was $4.01 million, below the three-analyst average estimate of $4.30 million [4] - Service charges on deposit accounts reached $6.99 million, exceeding the three-analyst average estimate of $6.56 million [4] Stock Performance - Texas Capital shares have returned +2.9% over the past month, slightly outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Texas Capital (TCBI) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.07 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.64%. A quarter ago, it was expected that this holding company for Texas Capital Bank would post earnings of $0.97 per share when it actually produced earnings of $1.62, delivering a surprise of 67.01%.Over the las ...

Exhibit 99.1 INVESTOR CONTACT Jocelyn Kukulka, 469.399.8544 jocelyn.kukulka@texascapitalbank.com MEDIA CONTACT Julia Monter, 469.399.8425 julia.monter@texascapitalbank.com TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS Income in fee areas of focus increased 38% year-over-year (1) Strong balance sheet growth with total deposits increasing 13% and total loans growing 10% year-over-year Book Value and Tangible Book Value per share both increased 8% year-over-year, reaching r ...

Income in fee areas of focus(1) increased 38% year-over-year Strong balance sheet growth with total deposits increasing 13% and total loans growing 10% year-over-year Book Value and Tangible Book Value(2) per share both increased 8% year-over-year, reaching record levels Capital ratios continue to be strong, including 11.4% CET1 and 15.4% Total Capital DALLAS, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ:TCBI), the parent company of Texas Capital Bank, announced operating results ...

Core Viewpoint - Texas Capital Bancshares, Inc. has elected Rob C. Holmes as Chairman of the Board, reflecting confidence in his leadership and the success of the company's multi-year transformation strategy [2][3]. Company Leadership - Rob C. Holmes, currently the President & CEO, will assume the role of Chairman of the Board after the 2025 Annual Meeting of Stockholders [1]. - Bob Stallings, the outgoing Chairman, will transition to the role of Lead Independent Director and will be re-elected to the Board, acknowledging his contributions during the transformation [2][4]. Strategic Vision and Performance - The Board's decision indicates strong confidence in Holmes' strategic vision and leadership, which has been pivotal in executing the company's strategic plan since 2021 [2][3]. - Holmes emphasized the company's readiness for growth in 2025, building on momentum from previous years and maintaining strong capital and liquidity positions [4]. Company Overview - Texas Capital Bancshares, Inc. is a full-service financial services firm headquartered in Dallas, offering a range of services including commercial banking, consumer banking, investment banking, and wealth management [5]. - The company is a member of the Russell 2000 Index and the S&P MidCap 400, indicating its significant presence in the financial sector [5].

Analysts on Wall Street project that Texas Capital (TCBI) will announce quarterly earnings of $1.07 per share in its forthcoming report, representing an increase of 64.6% year over year. Revenues are projected to reach $284.19 million, increasing 15.6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 1.3% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during t ...