Core Viewpoint - The article emphasizes the importance of value investing and highlights Texas Capital Bancshares (TCBI) as a strong value stock based on various valuation metrics [2][4][8] Valuation Metrics - TCBI has a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential for value investors [4] - The Forward P/E ratio for TCBI is 11.12, which is lower than the industry average of 11.90, suggesting it may be undervalued [4] - TCBI's PEG ratio stands at 0.75, compared to the industry's average of 1.12, indicating favorable growth expectations relative to its price [5] - The P/B ratio for TCBI is 0.99, significantly lower than the industry average of 1.70, further supporting its undervaluation [6] - TCBI's P/S ratio is 1.56, which is also lower than the industry's average of 1.93, reinforcing the notion of it being a strong value stock [7] Overall Assessment - The combination of TCBI's strong valuation metrics and positive earnings outlook positions it as an attractive investment opportunity for value investors [8]

Core Insights - Axxess and Texas Capital have announced a product integration aimed at speeding up payment reconciliation for home health and hospice providers, enhancing operational efficiency through automation [1][2][3] Company Overview - Axxess is a leading global technology platform for healthcare at home, serving over 9,000 organizations and more than 7 million patients worldwide, recognized for its secure and compliant software solutions [4] - Texas Capital Bancshares, Inc. is a full-service financial services firm that provides customized solutions across various sectors, including commercial and consumer banking, investment banking, and wealth management [5] Product Integration Details - The integration combines Texas Capital's RevNow product with Axxess RCM, allowing providers to automate payment matching, reducing the reconciliation time from weeks to just 24 hours [2][3] - RevNow processed 115 million claims nationwide in 2024, showcasing its significant impact in the healthcare space [3] Value Proposition - The partnership is expected to save providers substantial time and costs by streamlining operations through automation and artificial intelligence, allowing them to focus on core business activities [2][3]

Financial Performance - Net income for Q1 2025 was $47.0 million, up from $26.1 million in Q1 2024, representing an increase of 80.5%[74] - Net income available to common stockholders increased to $42.7 million in Q1 2025 from $21.8 million in Q1 2024, a growth of 95.0%[74] - Basic earnings per common share rose to $0.93 in Q1 2025, compared to $0.46 in Q1 2024, reflecting a 102.2% increase[74] Income and Expenses - Net interest income increased to $236.0 million in Q1 2025 from $215.0 million in Q1 2024, a rise of 9.8%[73] - Non-interest income for Q1 2025 was $44.4 million, compared to $41.3 million in Q1 2024, marking an increase of 7.4%[73] - Non-interest expense increased by $627,000 to $203.0 million for the three months ended March 31, 2025, primarily due to higher salaries and benefits[86] Profitability Ratios - Return on average assets (ROA) improved to 0.61% in Q1 2025 from 0.36% in Q1 2024[74] - Return on average common equity (ROE) increased to 5.56% in Q1 2025, up from 3.03% in Q1 2024[74] - The efficiency ratio improved to 72.4% in Q1 2025 from 79.0% in Q1 2024, indicating better cost management[73] Asset and Loan Growth - Total assets grew to $31.1 billion in Q1 2025, up from $29.3 billion in Q1 2024[76] - Average earning assets increased by $1.8 billion to $26.1 billion for the three months ended March 31, 2025, compared to the same period in 2024[82] - Total loans held for investment reached $22.4 billion as of March 31, 2025, an increase of $70.3 million from December 31, 2024[88] Non-Performing Assets and Credit Losses - Non-performing assets decreased to $93.6 million as of March 31, 2025, down from $111.2 million at December 31, 2024[93] - The provision for credit losses was $17.0 million for the three months ended March 31, 2025, compared to $19.0 million for the same period in 2024[95] Deposits and Borrowings - Customer deposits increased to $25.7 billion as of March 31, 2025, representing 98.5% of total deposits[99] - Interest bearing cash and cash equivalents rose to $3.6 billion as of March 31, 2025, accounting for 16.1% of total loans held for investment[99] - As of March 31, 2025, the Company has total short-term borrowings of $750 million, down from $885 million as of December 31, 2024, reflecting a decrease of approximately 15.2%[101] Capital and Shareholder Actions - The average equity capital for the Company was $3.4 billion for the three months ended March 31, 2025, compared to $3.2 billion for the same period in 2024, representing a growth of approximately 6.25%[106] - The Company authorized a share repurchase program of up to $200 million on January 22, 2025, and repurchased 396,106 shares for $31.2 million during the three months ended March 31, 2025[107] Interest Rate Sensitivity - The Company’s total interest-sensitive assets amount to $30.61 billion, while total interest-sensitive liabilities are $19.59 billion, resulting in a positive gap of $7.04 billion in the 0-3 months category[117] - The Company has unused Federal Reserve borrowings capacity of $6.49 billion as of March 31, 2025, compared to $5.44 billion as of December 31, 2024, showing an increase of approximately 19.3%[101] - The company's interest rate risk exposure model indicates a hypothetical annualized change in net interest income of +7.4% for a 200 basis point increase and -12.2% for a 200 basis point decrease as of March 31, 2025[122] Risk Management - The company conducts sensitivity analysis to assess interest rate risk exposure on net interest income, utilizing various interest rate scenarios[120] - The company uses derivative contracts to manage exposure to adverse fluctuations in primary interest rate exposures[120] - The model's assumptions are inherently uncertain, leading to potential discrepancies between simulated and actual net interest income results[122]

Financial Data and Key Metrics Changes - Year-over-year revenue growth of 9% with total revenue increasing by $24.1 million [6][13] - Adjusted pre-provision net revenue growth of 21% to $77.5 million [14] - Tangible book value per share grew by 11%, reaching a record high [6] - Net income at common increased by 44% year-over-year to $42.7 million [15] - Quarterly earnings per share rose by 48% compared to the previous year [15] Business Line Data and Key Metrics Changes - Treasury product fees increased by 22% year-over-year, marking a record high [8] - Noninterest-bearing deposits grew by 7%, the largest quarterly increase since 2021 [8] - Average commercial loan balances increased by 4% or $401 million during the quarter [17] - Real estate loans increased by $208 million, remaining flat compared to Q1 2024 [17] - Average mortgage finance loans decreased by 27% linked quarter to $4 billion [17] Market Data and Key Metrics Changes - Client interest-bearing deposit balances increased by approximately $2.9 billion or 19% year-over-year [19] - Non-interest-bearing deposits excluding mortgage finance increased by $250 million or 7% linked quarter [18] - The firm's allowance for credit loss increased by $7 million linked quarter to $332 million [21] Company Strategy and Development Direction - The company aims to be the primary operating bank for clients, focusing on client relevance through breadth of services and quality of advice [7][9] - The firm is strategically positioned to operate through various market cycles, maintaining high capital levels and liquidity [11][12] - The company is focused on enhancing its mortgage finance product offerings and improving client relationships [60][64] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering risk-adjusted returns despite macroeconomic uncertainties [9][10] - The firm is preparing for potential impacts from recent tariff actions and market volatility [10][23] - The outlook for revenue growth has been raised to low double digits percent growth for the full year [26] Other Important Information - The company repurchased approximately 396,000 shares for a total of $31 million [26] - The total regulatory capital remained strong at 11.63%, a 25 basis point increase from the prior quarter [24] Q&A Session Summary Question: What is driving the higher revenue guidance? - Management indicated that the higher revenue guidance is driven by net interest income growth and expected loan growth [30][31] Question: How is the loan pipeline shaping up for the second quarter? - The loan pipeline remains strong, with ongoing client acquisition trends supporting loan growth despite some risks [36] Question: What is the outlook for mortgage finance? - The mortgage finance business is competitive, with expectations for a 10% increase in average balances for the full year [60][61] Question: What are the impacts of tariffs on specific sectors? - Management highlighted infrastructure, transportation, logistics, and general manufacturing as sectors of concern due to tariffs [91] Question: What is the expected impact of hedging on net interest income? - The firm expects to manage balance sheet duration effectively and has added forward starting swaps to mitigate falling rates [120] Question: How does the company view its capital position? - The company aims to maintain a strong capital position, viewing it as a competitive advantage [186]

For the quarter ended March 2025, Texas Capital (TCBI) reported revenue of $280.48 million, up 9.4% over the same period last year. EPS came in at $0.92, compared to $0.62 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $287.87 million, representing a surprise of -2.57%. The company delivered an EPS surprise of -7.07%, with the consensus EPS estimate being $0.99.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Financial Performance Highlights - Net interest income increased by $64 million QoQ, supported by growth in loans excluding mortgage finance and lower deposit costs[34] - Net interest margin expanded by 26bps due to higher loan yields and lower deposit costs[35] - Non-interest expense increased by $309 million to $2030 million, impacted by incentive accrual resets, new hires, and seasonal expenses[35] - The company repurchased 396 thousand shares in Q1, representing 09% of year-end 2024 shares outstanding, for $31 million[55] Balance Sheet Trends - Total deposits increased by $814 million or 3% QoQ[19, 21] - Non-interest bearing deposits, excluding mortgage finance, increased by $250 million or 7% QoQ to $37 billion[19, 21] - Commercial loans increased by $259 million or 2% QoQ, with average commercial loans increasing by $401 million or 4% QoQ[16] - Commercial real estate loans increased by $208 million or 4% QoQ[16] Asset Quality - Total ACL on loans increased by $67 million QoQ to $2784 million[43] - Non-performing assets declined by $176 million QoQ to 030% of total assets[46] - Net charge-offs were $98 million, representing 018% of average loans held for investment[40, 46] Capital Position - CET1 ratio was 1163%[48] - Total capital ratio was 1561%, placing it in the top quintile of its peer group[48, 55] - Tangible book value per share increased by $165 or 2% QoQ to $6797[53, 55] 2025 Full Year Guidance - The company expects to fully achieve a return on average assets of 110% in the second half of 2025[56] - The tax rate is expected to be approximately 25% for the year[56]

Texas Capital (TCBI) came out with quarterly earnings of $0.92 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.07%. A quarter ago, it was expected that this holding company for Texas Capital Bank would post earnings of $1.07 per share when it actually produced earnings of $1.43, delivering a surprise of 33.64%.Over the las ...

Exhibit 99.1 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 FIRST QUARTER 2025 RESULTS First quarter 2025 net income of $47.0 million and net income available to common stockholders of $42.7 million, or $0.92 per diluted share Strong balance sheet growth with total deposits increasing 9% and total loans growing 7% year-over-year Book Value and Tangible Book Value per share ...

First quarter 2025 net income of $47.0 million and net income available to common stockholders of $42.7 million, or $0.92 per diluted share Strong balance sheet growth with total deposits increasing 9% and total loans growing 7% year-over-year Book Value and Tangible Book Value(1) per share both increasing 11% year-over-year, reaching record levels Capital ratios continue to be strong, including 11.6% CET1 and 15.6% Total Capital DALLAS, April 17, 2025 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NAS ...

Company Leadership - Rob C. Holmes has been confirmed as Chairman of the Board of Directors of Texas Capital Bancshares, Inc. following the 2025 Annual Meeting of Stockholders [1] - Bob Stallings, the outgoing Chairman, has transitioned to the role of Lead Independent Director [2] Company Vision and Strategy - Holmes expressed gratitude towards Stallings for his contributions and emphasized the honor of serving as Chairman, highlighting the firm's differentiated platform, capital, liquidity, and vision for the future [3] - The company is positioned to serve clients through various economic conditions and aims to achieve its objectives for 2025 and beyond [3] Company Overview - Texas Capital Bancshares, Inc. is a member of the Russell 2000 Index and the S&P MidCap 400, and operates as a full-service financial services firm [4] - The company provides customized solutions across commercial banking, consumer banking, investment banking, and wealth management, with a network of clients nationwide [4]