Short answer
TEXAS CAPITAL BANCSHARES INC/TX (TCBI) filed its fiscal 2025 10-K annual report with the SEC on Feb 10, 2026. It reported revenue of $1.8B (+2.4% year over year) and net income of $330M.
- Top risk flagged: Regulatory risk: Compliance with SEC guidance on critical accounting estimates impacting allowance for credit losses under ASC 326
FY2025 key financial metrics · XBRL
- Revenue
- $1.8B
- +2.4% YoY
- Net income
- $330M
- +326.1% YoY
- EPS (diluted)
- $6.79
- +430.5% YoY
- ROE
- 9.1%
- +6.8 pp YoY
- Operating cash flow
- $360M
- −25.1% YoY
Source: XBRL data from the TEXAS CAPITAL BANCSHARES INC/TX (TCBI) FY2025 10-K on SEC EDGAR. USD.
TEXAS CAPITAL BANCSHARES INC/TX FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: full-service financial services firm serving businesses, entrepreneurs, individuals via Texas Capital Bank and broker-dealer Texas Capital Securities
- Regulatory change: effective Sept 19, 2025, Texas Capital Bank joined Federal Reserve System, shifting primary federal regulation from FDIC to Federal Reserve
- Loan portfolio growth: loans held for investment increased to $23.77B from $22.18B, with net interest income rising to $1.03B from $901M in prior year
- Significant net income increase to $330M in 2025 from $77.5M in 2024, driven by higher interest income and improved credit loss provision of $55M
- Treasury stock repurchased increased sharply to 7.5M shares at cost $488M vs 5.3M shares $302M prior year, indicating aggressive share buyback program
Management Discussion & Analysis
- Revenue $1.26B (net interest $1.03B + non-interest $227M) in 2025, vs $932.3M in 2024; net interest income up $127.3M YoY
- Operating margin proxy: net income $330.2M vs $77.5M with ROE 9.59% vs 2.04%, net interest margin improved 3.35% vs 3.03%
- Best segment: Commercial loans $12.25B (+$1.11B), worst segment consumer loans $434.4M (-$131M)
- Cash flow/capex not detailed; equity grew to $3.56B from $3.26B; $17.25M preferred dividends paid
- Forward outlook: focus on credit quality with reduced provision for credit losses $55M vs $67M; management cautious on Texas concentration risk and real estate collateral values
Risk Factors
- Regulatory risk: Compliance with SEC guidance on critical accounting estimates impacting allowance for credit losses under ASC 326
- Macroeconomic threat: Credit loss allowance could rise $108.7 million under most severe downside economic scenario as of December 31, 2025
- Operational risk: Reliance on management’s judgment in estimating credit loss allowances using qualitative and quantitative factors, including PLQF and SLQF
- Financial risk: $185.8 million spent on share repurchases in 2025 at an average price of $82.01 per share under $200 million repurchase program
- Capital structure risk: Active management of debt maturity with potential repurchases/redemptions of subordinated notes subject to regulatory and indebtedness compliance
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