Friday 6 November 2026
Export TCBI’s income statement to Excel — free account
Texas Capital Bancshares, Inc.
TCBI Financial Banks Regional
Texas Capital Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, up 13.5% from fiscal 2024.
- Revenue
- +1.82%
- EPS
- +4.07%
- Free cash flow
- +29.0%
- Total debt
- −21.5%
Quarter to September 2026, against a year earlier
103.09
2.94
−2.77%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 764 | 954 | 1,242 | 1,457 | 1,242 | 1,015 | 1,494 | 1,791 | 1,761 | 1,999 | 2,047 | +11.3% | 1,365 | 1,444 | 1,529 | (8.5%) | |
| Gross margin, % | 91.68 | 87.63 | 79.93 | 73.54 | 84.86 | 89.38 | 82.03 | 60.04 | 52.96 | 62.82 | 65.65 | (28.9) pt | ||||||
| EBT | 241 | 326 | 373 | 396 | 92 | 338 | 432 | 247 | 107 | 433 | 474 | +6.7% | ||||||
| EBT margin, % | 31.56 | 34.16 | 30.06 | 27.20 | 7.40 | 33.31 | 28.90 | 13.77 | 6.08 | 21.65 | 23.18 | (9.9) pt | ||||||
| Net income | 155 | 197 | 293 | 312 | 66 | 254 | 332 | 189 | 78 | 330 | 363 | +8.8% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 16.53 | 19.23 | 24.88 | 28.98 | 24.64 | 20.06 | 29.60 | 37.28 | 37.81 | 43.80 | 47.46 | +11.4% | |||||
| Earnings | 3.14 | 3.78 | 5.83 | 6.23 | 1.12 | 4.65 | 6.25 | 3.58 | 1.29 | 6.86 | 7.87 | +9.1% | ||||||
| Cash flow | (15.71) | 2.67 | (13.61) | (4.78) | 52.35 | 13.00 | 2.93 | 7.78 | 10.31 | 7.89 | 12.26 | n/m | ||||||
| Capex | (0.05) | (0.25) | (0.15) | (0.33) | (0.06) | 2.21 | (0.22) | (0.34) | (1.39) | (0.28) | (0.24) | +21.7% | ||||||
| Free cash flow | (15.75) | 2.42 | (13.76) | (5.11) | 52.29 | 15.20 | 2.71 | 7.44 | 8.92 | 7.62 | 12.03 | n/m | ||||||
| Book value | 43.46 | 44.42 | 50.07 | 55.71 | 56.93 | 63.46 | 60.55 | 66.57 | 72.34 | 79.56 | 80.87 | +6.9% | ||||||
| Shares, m | 46 | 50 | 50 | 50 | 50 | 51 | 50 | 48 | 47 | 46 | 44 | (0.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 25.18 | 24.26 | 8.76 | 9.13 | 53.60 | 13.01 | 9.39 | 17.93 | 61.09 | 13.18 | 13.10 | 23.6 | |||||
| P/S | 4.74 | 4.72 | 2.05 | 1.96 | 2.42 | 3.00 | 2.00 | 1.72 | 2.07 | 2.07 | 2.17 | 2.7 | ||||||
| P/B | 1.95 | 2.19 | 1.09 | 1.08 | 1.10 | 1.05 | 1.08 | 1.06 | 1.19 | 1.24 | 1.39 | 1.3 | ||||||
| EV/Sales | 4.16 | 5.02 | 3.03 | 0.84 | (2.26) | (3.91) | (0.73) | 0.39 | 0.63 | 1.33 | — | 0.8 | ||||||
| EV/FCF | (4.36) | 39.95 | (5.48) | (4.77) | (1.07) | (6.08) | (4.34) | 1.46 | 2.09 | 5.72 | — | 2.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (726) | 132 | (680) | (240) | 2,640 | 657 | 148 | 374 | 480 | 360 | 529 | n/m | |||||
| Capex | (2) | (12) | (8) | (17) | (3) | 112 | (11) | (16) | (65) | (13) | (10) | +21.5% | ||||||
| Free cash flow | (728) | 120 | (687) | (257) | 2,637 | 769 | 137 | 357 | 415 | 348 | 519 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 4,473 | 5,427 | 6,785 | 5,561 | 3,262 | 790 | 720 | 274 | 102 | (54) | (280) | n/m | |||||
| Net debt | (445) | 289 | 1,215 | (1,630) | (5,810) | (7,018) | (4,081) | (2,384) | (2,528) | (1,482) | (2,187) | +14.3% | ||||||
| Shareholders’ equity | 2,010 | 2,203 | 2,500 | 2,801 | 2,871 | 3,210 | 3,055 | 3,199 | 3,368 | 3,631 | 3,488 | +6.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 0.72 | 0.80 | 1.06 | 0.99 | 0.16 | 0.65 | 1.00 | 0.61 | 0.20 | 1.01 | 1.07 | +0.3 pt | |||||
| ROIC | 9.63 | 8.17 | 6.28 | 21.22 | 0.00 | 0.00 | 0.00 | 18.90 | 7.97 | 12.59 | 22.80 | +3.0 pt | ||||||
| ROE | 8.72 | 9.58 | 12.88 | 12.09 | 2.10 | 8.35 | 11.13 | 6.08 | 2.02 | 9.78 | 10.60 | +1.1 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 1,442 | 1,564 | 1,641 | 1,738 | 1,619 | 1,751 | 2,198 | 1,987 | 1,818 | 1,785 | — | +2.4% | |||||
| Revenue/emp, $m | 0.53 | 0.61 | 0.76 | 0.84 | 0.77 | 0.58 | 0.68 | 0.90 | 0.97 | 1.12 | — | +8.7% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Texas Capital Bancshares, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TFSL TFS Financial Corporation | $4.6B | 45.8× | 46.1× | +5.82% (above 0%: growing) | +37.50% (above 0%: growing) | +16.04% (above 0%: growing) | 42.51% | 0.00% | Compare |
| FULT Fulton Financial Corporation | $4.5B | 11.0× | 10.7× | +7.63% (above 0%: growing) | +11.11% (above 0%: growing) | +6.85% (above 0%: growing) | 70.88% | 0.00% | Compare |
| SFBS ServisFirst Bancshares, Inc. | $4.5B | 13.2× | 12.7× | +6.42% (above 0%: growing) | +33.33% (above 0%: growing) | +141.10% (above 0%: growing) | 63.94% | 0.00% | Compare |
| TCBI Texas Capital Bancshares, Inc. | $4.5B | 13.1× | 13.3× | +1.82% (above 0%: growing) | +4.07% (above 0%: growing) | +28.99% (above 0%: growing) | 66.19% | 0.00% | |
| UCB United Community Banks, Inc. | $4.4B | 31.1× | 28.2× | −74.97% (below 0%: shrinking) | n/m | +43.32% (above 0%: growing) | (12.04%) | 0.00% | Compare |
| FFIN First Financial Bankshares, Inc. | $4.4B | 15.1× | 15.0× | +5.01% (above 0%: growing) | +40.54% (above 0%: growing) | +10.90% (above 0%: growing) | 77.51% | 0.00% | Compare |
| FLG Flagstar Bank, National Association | $4.3B | 70.7× | 91.9× | −9.46% (below 0%: shrinking) | n/m | −42.53% (below 0%: shrinking) | 48.98% | 0.00% | Compare |
| IBOC International Bancshares Corporation | $4.3B | 10.1× | 10.5× | +2.82% (above 0%: growing) | +5.75% (above 0%: growing) | +9.70% (above 0%: growing) | 81.66% | 0.00% | Compare |
| CATY Cathay General Bancorp | $4.2B | 11.8× | 11.5× | +9.21% (above 0%: growing) | +26.55% (above 0%: growing) | +272.48% (above 0%: growing) | 65.64% | 0.00% | Compare |
| Median of peers | $4.4B | 14.2× | 13.9× | +5.42% | +29.94% | +13.47% | 64.79% | 0.00% |
Pay and ownership Proxy statement filed 12 March 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 7.92m | 10.55m | 152.17 |
| 2024 | 11.70m | 16.37m | 131.43 |
| 2023 | 6.65m | 7.65m | 108.62 |
| 2022 | 8.05m | 7.89m | 101.36 |
Ownership
Directors and executive officers, together
3.84%
BlackRock, Inc. and certain affiliates
13.60%
The Vanguard Group and certain affiliates
11.10%
T. Rowe Price Investment Management, Inc.
7.40%
Dimensional Fund Advisors LP and certain affiliates
7.40%
State Street Corporation and certain affiliates
6.40%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Texas Capital Bancshares, Inc. (TCBI) Latest News
21 Oct
29 Sep
18 Aug
23 Jul
22 Jul
19 Jun
TCBI metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score