TEXAS CAPITAL BANCSHARES INC/TX financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data TEXAS CAPITAL BANCSHARES INC/TX files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Selling and marketing	17.3	26.8	39.3	53.4	23.6	10	32.4	25.9	22.3	17.4
Interest expense	63.6	118	249	386	188	108	268	716
Pre-tax income	241	325	373	396	91.9	338	432	247	107	433
Income tax	86.1	129	80	84.3	25.7	84.1	99.3	57.5	29.6	102
Net income	155	196	293	312	66.3	254	332	189	77.5	330
EPS, basic	3.14	3.78	5.68	6.01	1.12	4.65	6.25	3.58	1.29	6.86
EPS, diluted	3.11	3.73	5.64	5.99	1.12	4.60	6.18	3.54	1.28	6.79
Shares, basic (weighted)	46.2	49.6	49.9	50.3	50.4	50.6	50.5	48.1	46.6	45.6
Shares, diluted (weighted)	46.8	50.3	50.3	50.4	50.6	51.1	51	48.6	47	46.1

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	2,839	2,906	3,080	4,426	9,206	7,947	5,012	3,243	3,189	2,099
Property, plant and equipment	19.8	25.2	23.8	31.2	24.5	20.9	26.4	32.4	85.4	88
Lease right-of-use assets				80	67	55.3	79.9	87.8	166	164
Goodwill	15.1	15.1	15.1	15.1	15.1	15.1	1.5	1.5	1.5	1.5
Intangible assets	4.42	3.95	3.48	3.01	2.57	2.17	0
Total assets	21,697	25,076	28,258	32,548	37,726	34,732	28,415	28,356	30,732	31,540
Total liabilities	19,688	22,886	25,777	29,747	34,855	31,522	25,359	25,157	27,364	27,909
Total debt	2,504	3,560			396	929	931	859	660	621
Paid-in capital	955	961	968	978	992	1,009	1,026	1,046	1,057	1,074
Retained earnings	892	1,078	1,361	1,664	1,713	1,948	2,264	2,435	2,496	2,809
Treasury stock	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-115	-220	-302	-488
Other comprehensive income	0.42	0.43	0.52	8.95	15.8	-47.7	-419	-362	-183	-64.6
Shareholders' equity	1,998	2,190	2,480	2,801	2,871	3,210	3,055	3,199	3,368	3,631
Total equity	2,010	2,203	2,480	2,801	2,871	3,210	3,055	3,199	3,368	3,631
Total liabilities and equity	21,697	25,076	28,258	32,548	37,726	34,732	28,415	28,356	30,732	31,540

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	155	196	293	312	66.3	254	332	189	77.5	330
Depreciation and amortization	21.8	27.9	32	37.3	74.9	93.4	45.3	40.5	54.2	52.2
Stock-based compensation	13.6	22	16.9	17.6	17.4	31.3	21.4	24.2	24.7	36.8
Deferred income tax	-2.95	31.3	-6.4	10.8	-7.96	-20.3	-17.4	-17.8	-16.1	15.9
Cash from operations	-726	132	-680	-240	2,640	657	148	374	480	360
Capital expenditures	-2.18	-12.3	-7.65	-16.7	-2.8	-4.13	-11.3	-16.4	-64.8	-12.6
Purchases of investments	-1.76	-97.8	-102	-113	-3,002	-1,060	-920	-849	-1,999	-1,137
Sales and maturities of investments	0.56	94.8	0	0	0	0	0	56.9	1,057	280
Cash from investing	-850	-3,216	-1,993	-2,276	-2,935	1,233	3,309	-1,755	-2,478	-1,854
Debt issued	0			0	0	639	0	0
Debt repaid				0	0	-111	0	-75	-200	-40.4
Stock issued	236	0	0
Share buybacks					0	0	-115	-105	-81.5	-186
Cash from financing	2,625	3,150	2,847	3,862	5,076	-3,150	-6,391	-388	1,944	404
Net change in cash	1,048	66.2	174	1,346	4,781	-1,260	-2,934	-1,769	-54	-1,090
Free cash flow	-728	120	-687	-257	2,637	653	137	357	415	348
Interest paid	63.2	116	236	394	190	111	252	773	838	760
Income taxes paid	88.3	104	75.4	90	26.2	101	128	71.9	52.8	70.2

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $95.82 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	23.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.0%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.1%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	326.1%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-0.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	37.9%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	430.5%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	3.2%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	43.4%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-25.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	34.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-32.9%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-16.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	36.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-33.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	7.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	5.9%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.6%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	3.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-3.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-3.3%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	0.14x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	1.5%	Total debt / total assets.
Liabilities / assets	89.2%	Total liabilities / total assets.
Net debt	-$3.20B	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$3.65B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	129.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	3.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$8.27	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$10.71	Free cash flow / diluted weighted shares.
Operating cash flow per share	$11.07	Cash from operations / diluted weighted shares.
Book value per share	$82.79	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$82.79	Tangible book value / shares outstanding.
Cash per share	$83.93	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	49.3%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$4.17B	Share price x shares outstanding.
Enterprise value	$968.3M	Market cap + total debt - cash - short-term investments.
P/E	11.4x	Market cap / net income. Only when net income is positive.
P/B	1.14x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.14x	Market cap / tangible book value, when positive.
P/FCF	8.83x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.54x	Market cap / cash from operations, when positive.
EV/FCF	2.05x	Enterprise value / free cash flow, when both are positive.
FCF yield	11.3%	Free cash flow / market cap.
Earnings yield	8.8%	Net income / market cap (the inverse of P/E).
Shareholder yield	5.6%	(Dividends paid + share buybacks) / market cap.
PEG	3.58x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

Was TEXAS CAPITAL BANCSHARES INC/TX profitable in fiscal 2025?

Yes. Net income was $330.2M, a net margin of -.

How much free cash flow did TEXAS CAPITAL BANCSHARES INC/TX generate in fiscal 2025?

Cash from operations of $360.2M minus capital expenditures of $12.6M left free cash flow of $347.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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