Texas Capital Bancshares(US:TCBI)2025-04-17 13:25Financial 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]