NASDAQ$TCBI

Texas Capital Bancshares Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported net income of $65.1 million, driven by continued credit quality improvement and a provision release.

Texas Capital Bancshares, Inc. reported a net income of $65.1 million, or $1.19 per diluted share, for the fourth quarter of 2021. The results reflect improvements in credit quality and a negative provision for credit losses. The company is focused on executing its strategic goals and achieving its vision of becoming a leading financial services firm in Texas.

  • Net income for Q4 2021 was $65.1 million, or $1.19 per diluted share.
  • Credit quality improved, leading to a provision release of $10.0 million.
  • Necessary regulatory approvals were obtained for the launch of Texas Capital Securities.
  • Net interest income was $194.0 million for the fourth quarter of 2021.

Headline financials

Total Revenue

$225M

Previous: $266M-15.2%
EPS (adj)

$1.19

Previous: $1.14+4.4%
Net Interest Margin

2.1%

Previous: 2.3%-8.6%
Efficiency Ratio

65.0%

Previous: 56.7%+14.6%
Common Equity Tier 1

11.1%

Previous: 9.4%+18.1%
Tier 1 Capital

12.6%

Previous: 10.3%+22.3%
Total Capital

15.3%

Previous: 12.1%+26.4%
Leverage Ratio

9.0%

Previous: 7.5%+20.0%
Capital Expenditures

$1.51M

Previous: $91K+1557.1%
Free Cash Flow

$109M

Previous: $470M-76.7%
Net Income

$65.1M

Previous: $60.2M+8.2%
Operating Income

$88.8M

No prior period
Cash & Equivalents

$181M

Previous: $9.21B-98.0%
Total Assets

$34.7B

Previous: $37.7B-7.9%
Stock-Based Comp

$8.13M

Previous: $5.38M+51.3%

Revenue & EPS history

Texas Capital Bancshares · Revenue · Quarterly

$225M

Q4 2021-15.2%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
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 document does not contain forward guidance.

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 Q4 2021

Historical avgQ4 2021

+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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