NASDAQ$TCBI

Texas Capital Bancshares Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Net income of $41.4 million and EPS of $0.74 per diluted share were announced.

Texas Capital Bancshares, Inc. reported a net income available to common stockholders of $37.1 million, or $0.74 per diluted share, for the third quarter of 2022. The company achieved year-over-year operating leverage and built a financially resilient balance sheet.

  • Net income available to common stockholders was $37.1 million, or $0.74 per diluted share.
  • Net interest income increased to $239.1 million.
  • Net interest margin increased 94 basis points to 3.05%.
  • All regulatory ratios continue to be in excess of “well capitalized” requirements.

Headline financials

Total Revenue

$264M

Previous: $215M+22.8%
EPS (adj)

$0.74

Previous: $0.94-21.3%
Net Interest Margin

3.0%

No prior period
Return on Avg. Assets

0.5%

Previous: 0.5%+10.6%
Return on Avg. Common Equity

5.4%

No prior period
Efficiency Ratio

74.5%

Previous: 71.1%+4.8%
Tangible Common Equity Ratio

8.5%

No prior period
Common Equity Tier 1

11.1%

Previous: 10.7%+3.7%
Tier 1 Capital

12.6%

Previous: 12.2%+3.3%
Total Capital

15.2%

Previous: 14.9%+2.0%
Leverage Ratio

10.7%

Previous: 9.0%+18.9%
Capital Expenditures

-$10.5M

Previous: -$2.62M-299.2%
Free Cash Flow

$31M

Previous: $40.8M-24.1%
Net Income

$41.4M

Previous: $43.4M-4.5%
Operating Income

$111M

Previous: $127M-12.7%
Gross Profit

$252M

Previous: $210M+20.0%
Cash & Equivalents

$3.64B

Previous: $8.54B-57.3%
Total Assets

$30.4B

Previous: $36.4B-16.5%
Stock-Based Comp

$5.38M

Previous: $8.39M-35.9%

Revenue & EPS history

Texas Capital Bancshares · Revenue · Quarterly

$264M

Q3 2022+22.8%vs Q3 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Texas Capital Bancshares · $215M total across 2 segments · Q3 2021

  • Net Interest Income
    $194M
  • Non-Interest Income
    $21.2M

Forward guidance

This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+3.7%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+11.3%

Q3 2013

Best reaction

-13.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%-1.7%-3.1%
Q4 2025-0.1%-4.5%+2.7%
Q3 2025+3.1%+2.3%+7.2%
Q2 2025+0.4%-0.8%+3.2%
Q1 2025+1.4%+1.1%+16.4%
Q4 2024-4.5%-3.4%-1.2%
Q3 2024+0.7%-1.3%+10.9%
Q2 2024-6.6%-4.8%-12.9%
Q1 2024+4.9%+7.6%+11.5%
Q4 2023+3.5%+1.5%-3.4%
Q3 2023-7.9%-7.3%-5.5%
Q2 2023+3.3%+1.4%-2.9%
Q1 2023+1.7%-3.6%-3.8%
Q4 2022+1.3%+3.0%+6.3%
Q3 2022-13.4%-11.9%-13.1%
Q2 2022+1.4%+0.9%+13.0%
Q1 2022-6.5%-8.7%-12.0%
Q4 2021-0.3%+1.1%+4.2%
Q3 2021-2.7%-3.1%-5.4%
Q2 2021+2.1%+4.0%+7.3%
Q1 2021-1.1%+4.0%+7.5%
Q4 2020-3.8%-7.9%+8.7%
Q3 2020+9.6%+15.6%+45.3%
Q2 2020+9.2%+10.5%+12.9%
Q1 2020+6.1%+23.6%+30.3%
Q4 2019-0.2%-1.6%+4.5%
Q3 2019+2.4%+1.1%+6.7%
Q2 2019-4.6%-0.9%-6.7%
Q1 2019+6.7%+6.7%+3.3%
Q4 2018-0.5%+5.3%+6.1%
Q3 2018-11.7%-16.0%-21.0%
Q2 2018+4.7%+3.9%+1.0%
Q1 2018+7.4%+7.8%+10.0%
Q4 2017-0.3%-2.0%-6.8%
Q3 2017+3.7%+3.6%-2.6%
Q2 2017+4.5%+3.9%-6.9%
Q1 2017-6.3%-2.9%-4.4%
Q4 2016+8.4%+5.8%+14.2%
Q3 2016+3.7%+2.7%+26.5%
Q2 2016-2.3%-2.2%+1.3%
Q1 2016+5.9%
Q4 2015-12.9%
Q3 2015-0.8%
Q2 2015+0.2%
Q1 2015+2.9%
Q4 2014-6.0%
Q3 2014+0.6%
Q2 2014+3.5%
Q1 2014-11.8%
Q4 2013-4.3%
Q3 2013+11.3%
Q2 2013-3.1%
Q1 2013-3.5%
Q4 2012-10.6%
Q3 2012-0.2%
Q2 2012+1.6%
Q1 2011+10.0%
Q1 2012+10.0%
Q4 2010+1.6%
Q1 2010+1.6%
Q4 2011+1.6%
Q4 2009+1.6%
Q3 2010-1.5%
Q3 2011-1.5%
Q2 2011+7.3%
Q2 2010+7.3%

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