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Income Statement
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Credit Analysis

TEXAS CAPITAL BANCSHARES INC (TCBI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Interest income          
Interest and fees on loans  983.8820.5993.71,273.51,125.0846.3684.6594.7
Investment securities  63.242.817.58.72.81.11.01.3
Interest bearing cash and cash equivalents  97.313.228.3     
    Total interest income  1,144.2876.61,039.41,354.81,164.2879.3703.4603.0
   
Interest expense          
Deposits  190.765.5146.1293.5185.179.937.224.6
Short-term borrowings  29.14.622.058.436.215.16.12.3
Long-term debt  48.737.620.021.816.816.816.816.8
    Total interest expense  268.5107.7188.1385.6249.3118.063.646.4
    Net interest income  875.8768.8851.3969.2914.9761.3639.8556.5
Provision/(benefit) for credit losses  66.0-30.0258.075.087.044.077.053.3
    Net interest income after provision for credit losses  809.8798.8593.3894.2827.9717.3562.8503.3
   
Non-interest income          
Service charges on deposit accounts  22.918.711.611.312.812.410.38.3
Wealth management and trust fee income  15.013.210.08.88.1   
Brokered loan fees  14.228.046.429.722.5   
Servicing income  0.915.527.013.418.3   
Investment banking and trading income  35.124.422.714.9    
Net gain/(loss) on sale of loans held for sale  -1.01.358.0-20.3-15.9-2.42.5 
Other  14.037.227.244.426.615.113.79.5
    Total non-interest income  349.5138.2203.0102.478.074.360.847.7
   
Non-interest expense          
Salaries and benefits  436.8350.9340.5328.5300.9264.2229.0192.6
Occupancy expense  44.233.235.033.030.325.823.223.2
Marketing  32.410.023.653.439.326.817.316.5
Legal and professional  75.941.252.152.543.029.723.322.2
Communications and technology  69.375.2103.144.830.131.025.621.4
Federal Deposit Insurance Corporation insurance assessment  14.321.026.020.124.323.524.417.2
Servicing-related expenses   27.864.622.014.915.51.70.0
Merger-related expenses    17.81.4    
Other  54.739.741.844.749.742.937.033.4
    Total non-interest expense  727.5599.0704.4600.3532.5465.9382.4326.5
    Income before income taxes  431.8338.191.9396.3373.4325.7241.2224.5
Income tax expense  -98.7-16.91.884.380.0128.686.179.6
    Net income  332.5253.966.3312.0293.4197.1155.1144.9
Preferred stock dividends  -17.3-18.7-9.8-9.8-9.8-9.8-9.8-9.8
    Net income available to common stockholders  315.2235.256.5302.3283.6187.3145.4135.1
   
Other comprehensive income/(loss):          
Change in unrealized gain/(loss)  -479.8-80.48.6     
Amounts reclassified into net income  9.9       
   
    Other comprehensive income/(loss)          
Income tax expense/(benefit)  -98.7-16.91.884.380.0128.686.179.6
   
    Other comprehensive income/(loss), net of tax          
    Comprehensive income/(loss)  -38.8190.573.1320.4293.4197.1154.8144.3
   
Basic earnings per common share          
Basic earnings per common share  $6.25$4.65$1.12$6.01$5.68$3.78$3.14$2.95
   
Diluted earnings per common share          
Diluted earnings per common share  $6.18$4.60$1.12$5.99$5.64$3.73$3.11$2.91

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