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DALLAS - On Thursday, Texas Capital Bancshares (NASDAQ:TCBI) reported second quarter earnings that significantly exceeded analyst expectations, driven by robust loan growth and improved net interest income.
The company’s shares jumped 2.74% in pre-market trading following the results.
The Dallas-based financial services firm posted adjusted earnings per share of $1.63 for the second quarter of 2025, handily beating the analyst estimate of $1.28. Revenue reached $307.46 million, surpassing the consensus estimate of $299.22 million. Net income available to common stockholders surged 95% YoY to $73.0 million, while adjusted EPS increased 104% from the same quarter last year.
The bank reported strong balance sheet growth with total loans increasing 7% quarter-over-quarter and 10% YoY. Net interest income rose to $253.4 million, up from $216.6 million in the second quarter of 2024, while net interest margin expanded to 3.35%, an increase of 34 basis points from the year-ago period.
"Our multi-year focus on building a differentiated, full-service financial services firm has strengthened our client franchise and consistently delivered high-quality outcomes across our platform, driving strong financial performance this quarter," said Rob C. Holmes, Chairman, President & CEO.
The company’s credit quality showed mixed signals, with net charge-offs of $13.0 million in the second quarter, compared to $12.0 million in the same period last year. However, criticized loans decreased to $637.5 million from $859.7 million a year earlier.
During the quarter, Texas Capital repurchased 317,860 shares of its common stock for $21.0 million at an average price of $65.50 per share. Both book value and tangible book value per share increased 13% YoY, reaching record levels.
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