TCBI

MKT CAP:$4B

Texas Capital Bancshares, Inc.

Market Cap

$4B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$102.54+$10.84 (+11.82%)

Apr 23, 2026

Company Details

Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company off...

CEO

Robert C. Holmes

IPO Date

Aug 13, 2003

Website

www.texascapitalbank.com

Key Metrics TTM

Revenue

$1.9B

+7.3% YoY

Net Income

$299M

EPS (Diluted)

$6.18

Free Cash Flow

$274M

Revenue / Share

—

Gross Margin

46.8%

Operating Margin

16.2%

Net Margin

15.8%

FCF Margin

14.5%

P/S

2.3x

P/E

14.7x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$419M-11.2%EPS $1.56

FY 2025

Feb 10, 2026

$2.0B+13.5%EPS $6.80

Q4 2025

Feb 10, 2026

$504M+2.6%EPS $2.12

Q2 2025

Jul 17, 2025

$494M+4.5%EPS $1.58

Q1 2025

Apr 17, 2025

$472M+2.8%EPS $0.92

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$229M	$206M	$53M
Q2 22	$269M	$210M	$45M
Q3 22	$347M	$252M	$55M
Q4 22	$400M	$243M	$278M
Q1 23	$423M	$245M	$51M
Q2 23	$448M	$271M	$89M
Q3 23	$473M	$261M	$81M
Q4 23	$448M	$227M	$25M
Q1 24	$459M	$237M	$35M
Q2 24	$472M	$247M	$59M
Q3 24	$338M	$115M	-$80M
Q4 24	$492M	$266M	$94M
Q1 25	$472M	$263M	$60M
Q2 25	$494M	$292M	$102M
Q4 25	$504M	$327M	$143M
Q1 26	$419M	$0	$0

Valuation

Quarter	P/S	P/E
Q1 22	3.2x	13.9x
Q2 22	2.7x	14.7x
Q3 22	2.8x	16.7x
Q4 22	2.4x	8.8x
Q1 23	1.6x	7.1x
Q2 23	1.6x	7.0x
Q3 23	1.6x	7.2x
Q4 23	1.7x	15.8x
Q1 24	1.5x	15.7x
Q2 24	1.5x	18.7x
Q3 24	1.9x	124.0x
Q4 24	2.0x	46.3x
Q1 25	1.9x	34.8x
Q2 25	2.0x	27.1x
Q4 25	2.2x	14.4x
Q1 26	2.2x	14.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$73M	$70M
Q2 22	$74M	$67M
Q3 22	$68M	$66M
Q4 22	-$66M	-$67M
Q1 23	$18M	$17M
Q2 23	$72M	$69M
Q3 23	$95M	$88M
Q4 23	$188M	$184M
Q1 24	$96M	$76M
Q2 24	$34M	$11M
Q3 24	$333M	$318M
Q4 24	$18M	$11M
Q1 25	$368.0K	-$2M
Q2 25	$63M	$57M
Q4 25	$130M	$131M
Q1 26	$88M	$88M

Capital Expenditures

Quarter	CapEx
Q1 22	$3M
Q2 22	$6M
Q3 22	$1M
Q4 22	$814.0K
Q1 23	$1M
Q2 23	$4M
Q3 23	$8M
Q4 23	$4M
Q1 24	$20M
Q2 24	$22M
Q3 24	$15M
Q4 24	$7M
Q1 25	$2M
Q2 25	$6M
Q4 25	$341.0K
Q1 26	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-10.1%	+10.3%
Q2 22	+10.9%	+53.7%
Q3 22	+45.4%	+60.8%
Q4 22	+59.3%	-24.8%
Q1 23	+84.7%	+111.2%
Q2 23	+66.8%	+60.7%
Q3 23	+36.0%	+34.1%
Q4 23	+11.9%	+245.8%
Q1 24	+8.5%	+14.0%
Q2 24	+5.5%	+15.4%
Q3 24	-28.5%	+6.7%
Q4 24	+9.7%	-5.8%
Q1 25	+2.8%	-2.9%
Q2 25	+4.5%	-5.4%
Q4 25	+49.3%	-13.6%
Q1 26	-14.8%	+5.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$6M	2.4%
Q2 22	$5M	1.9%
Q3 22	$5M	1.5%
Q4 22	$5M	1.4%
Q1 23	$8M	2.0%
Q2 23	$5M	1.1%
Q3 23	$4M	0.9%
Q4 23	$6M	1.4%
Q1 24	$9M	1.9%
Q2 24	$6M	1.3%
Q3 24	$6M	1.9%
Q4 24	$3M	0.7%
Q1 25	$13M	2.7%
Q2 25	$8M	1.5%
Q4 25	$8M	1.6%
Q1 26	$17M	4.2%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$104M	$5M
Q2 22	$107M	$9M
Q3 22	$133M	$8M
Q4 22	$58M	$11M
Q1 23	$131M	$9M
Q2 23	$117M	$6M
Q3 23	$116M	$5M
Q4 23	$133M	$6M
Q1 24	$137M	$6M
Q2 24	$124M	$6M
Q3 24	$126M	$6M
Q4 24	$102M	$4M
Q1 25	$137M	$5M
Q2 25	$125M	$4M
Q4 25	$109M	$5M
Q1 26	—	$5M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$4.3B	$2.5B	$6.8B
Q3 22	$3.6B	$2.4B	$6.0B
Q4 22	$5.0B	$2.6B	$7.6B
Q1 23	$3.6B	$3.4B	$7.0B
Q2 23	$2.8B	$3.3B	$6.1B
Q3 23	$4.2B	$3.1B	$7.3B
Q4 23	$3.2B	$3.2B	$6.5B
Q1 24	$3.3B	$3.5B	$6.8B
Q2 24	$2.9B	$3.5B	$6.4B
Q3 24	$4.2B	$3.5B	$7.7B
Q4 24	$3.2B	$183M	$3.4B
Q1 25	$3.8B	$280M	$4.1B
Q2 25	$2.7B	$4M	$2.7B
Q3 25	$3.1B	$3.8B	$6.9B
Q4 25	$1.9B	$4.7B	$6.6B
Q1 26	$2.7B	$3.9B	$6.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	51M	+0.2%	+0.5%
Q2 22	51M	-1.0%	-0.6%
Q3 22	50M	-0.8%	-1.4%
Q4 22	50M	-0.3%	-1.8%
Q1 23	49M	-2.8%	-4.8%
Q2 23	48M	-0.9%	-4.7%
Q3 23	49M	+0.2%	-3.7%
Q4 23	48M	-0.9%	-4.3%
Q1 24	48M	-0.8%	-2.4%
Q2 24	47M	-1.8%	-3.2%
Q3 24	47M	-0.6%	-4.0%
Q4 24	47M	0.0%	-3.1%
Q1 25	47M	+0.0%	-2.3%
Q2 25	46M	-0.9%	-1.4%
Q4 25	45M	-1.7%	-2.5%
Q1 26	0	-100.0%	-100.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$130.7K	2K
Q2 22	$153.4K	2K
Q3 22	$198.4K	2K
Q4 22	$182.2K	2K
Q1 23	$192.3K	2K
Q2 23	$203.8K	2K
Q3 23	$215.0K	2K
Q4 23	$225.6K	2K
Q1 24	$230.8K	2K
Q2 24	$237.8K	2K
Q3 24	$170.0K	2K
Q4 24	$270.4K	2K
Q1 25	$259.5K	2K
Q2 25	$271.5K	2K
Q4 25	$282.6K	2K
Q1 26	$234.8K	2K

Revenue / Employee