Texas Capital Bancshares(US:TCBI)2025-07-17 13:00Financial Performance Highlights - Net interest income increased by $174 million QoQ, supported by continued LHI growth and further reduction in funding costs[35] - Net interest margin expanded by 16 bps QoQ, and 34 bps YoY[35] - Adjusted non-interest expense increased $09 million YoY to $1889 million, reflecting continued repositioning of the expense base in support of defined growth objectives[35] - The company sold $2823 million of available for sale securities with a book yield of 31% in the quarter for a pre-tax loss of $19 million[28] Balance Sheet and Capital Position - Total assets reached $31944 billion, a 7% increase YoY[9] - Total deposits reached $26064 billion[9] - Tangible book value per share increased by $217 or 3% QoQ to $7014 as a result of income generated, share repurchase activity and AOCI accretion[57] - The company repurchased 318 thousand shares in Q2, 07% of year end 2024 shares outstanding, for a total of $21 million at a weighted average price of approximately 96% of prior month tangible book value per share[57] Asset Quality - Total ACL increased $20 million QoQ to $3343 million[44] - Criticized LHI declined $2222 million or 26% YoY, with the percentage of total LHI declining 129 bps to 266%[45] - Special mention LHI declined $1443 million or 30% linked quarter[45] Strategic Performance and Guidance - Full year 2024 adjusted total revenue was $1119 million[58] - The company expects mid to high single-digit percent growth for adjusted non-interest expense[58] - The company expects provisions / average LHI, excl mortgage finance LHI to be 30 bps - 35 bps[58] - The company expects CET1 Ratio to be greater than 11%[58]