Texas Capital Bancshares (TCBI) investor relations material

Executive summary

• Record adjusted EPS was $2.35, up 8% YoY; adjusted revenue was $356.6M and adjusted net income to common was $102.7M.

• Record net interest income and fee income, commercial loan growth and record adjusted PPNR reflected a more diversified, client-focused model.

• Priorities included deeper client adoption, realizing returns on investments, organic growth and prudent capital deployment.

Financial highlights

• Total revenue was $356.6M, up 5% YoY and 6% QoQ; record net interest income was $275.0M, up $3.2M YoY.

• Adjusted PPNR was $157.0M, up 5% YoY for a ninth consecutive quarter of expansion; reported PPNR was $152.7M, up 2% YoY.

• Adjusted net income to common was $102.7M and adjusted EPS was a quarterly record $2.35; GAAP net income to common was $99.4M and diluted EPS was $2.28.

• Non-interest income reached a record $81.6M, up 19% YoY; strategic focus fees were a record $64.1M, up 14%.

• Adjusted non-interest expense was $199.6M, down 2% QoQ and up 5% YoY; reported expense was $203.9M, including $4.3M of restructuring costs.

Outlook and guidance

• FY26 adjusted revenue growth outlook rose to high single digits from mid-to-high single digits; FY26 non-interest income guidance was $295M-$300M.

• FY26 adjusted non-interest expense growth guidance increased to mid-to-high single digits; Q4 non-interest expense was expected at $205M-$210M.

• FY26 provision guidance remained 35-40 bps of average loans held for investment, excluding mortgage finance; CET1 guidance was above 11% and the full-year tax rate near 25%.

• Q4 NII guidance was $270M-$275M and NIM guidance 3.45%-3.50%; investment banking and trading fees were estimated at $45M-$50M.

• Q4 mortgage finance self-funding was expected at 80-85%; CRE balances were expected to end 2026 at $4.4B.