TEXAS CAPITAL BANCSHARES INC/TX TCBI Income Statement

Texas capital bancshares inc/tx (TCBI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income
Interest and fees on loans
283,625	312,147	329,344	329,842	312,703	310,470	291,189	279,447	243,864	238,906	229,116	201,646	176,624	182,909	177,724	168,064	155,885	152,200	151,749	151,606	139,174	136,882	134,618	124,234	115,872	117,261	114,453	106,418	103,182	106,653	100,830	94,291	91,774	91,512	81,692	73,509	68,040	70,293	64,935
Investment securities
2,183	2,618	2,316	2,260	1,460	1,274	1,161	193	206	213	341	287	225	228	232	246	261	275	298	323	358	389	428	471	540	621	682	773	939	1,053	1,125	1,203	1,307	1,408	1,524	1,680	1,846	2,246	2,491
Federal funds sold and securities purchased under resale agreements
614	439	554	157	379	984	1,018	745	1,045	936	642	434	530	338	455	382	372	255	193	118	116	91	68	8	40	24	22	13	6	6	2	4	1	1	3	5	28	50	40
Interest-bearing deposits in other banks
19,586	22,553	22,887	14,634	11,019	8,990	8,386	6,467	8,754	9,464	7,544	5,824	6,567	5,196	4,081	3,750	3,285	2,090	1,616	1,327	1,260	471	176	100	159	59	60	60	52	57	54	48	49	46	44	65	197	11	6
Total interest income
306,008	337,757	355,101	346,893	325,561	321,718	301,754	286,852	253,869	249,519	237,643	208,191	183,946	188,671	182,492	172,442	159,803	154,820	153,856	153,374	140,908	137,833	135,290	124,813	116,611	117,965	115,217	107,264	104,179	107,769	102,011	95,546	93,131	92,967	83,263	75,259	70,111	72,600	67,472
Interest expense
Deposits
62,174	70,987	80,967	72,529	69,054	61,773	52,034	39,607	31,702	27,625	22,435	16,533	13,293	10,432	8,950	8,971	8,822	7,068	6,240	5,642	5,628	5,263	4,606	4,246	4,030	3,858	3,699	3,228	3,245	3,312	3,378	3,482	3,472	3,471	3,191	3,417	4,871	8,760	8,420
Federal funds purchased
669	1,319	1,835	5,202	3,516	2,097	1,800	1,665	969	723	891	726	252	156	126	110	126	67	56	93	68	81	82	115	95	116	152	206	212	190	268	240	281	273	128	94	107	259	244
Repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	6	4	4	4	5	4	4	5	4	5	4	3	3	4	3	4	2	2	2	3	2
Other borrowings
9,582	11,712	14,703	20,124	11,854	11,726	10,317	8,484	5,680	5,380	4,835	2,901	2,021	1,866	1,733	1,367	1,162	661	672	528	390	35	68	181	72	40	119	143	213	615	607	492	435	404	110	14	0	0	1
Subordinated notes
4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,191	4,241	4,241	4,241	3,479	1,840	1,829	1,829	1,829	1,829	208	0	0	-	0	-	-	-	-
Trust preferred subordinated debentures
1,073	1,163	1,237	1,294	1,332	1,258	1,237	1,193	1,027	951	930	881	830	806	753	734	716	659	643	631	618	627	627	619	616	631	638	633	634	665	692	688	711	668	634	638	633	972	920
Total interest expense
77,689	89,372	102,933	103,340	89,947	81,045	69,579	55,140	43,569	38,870	33,282	25,232	20,587	17,448	15,753	15,373	15,020	12,632	11,808	11,089	10,899	10,251	9,629	9,406	8,296	6,490	6,441	6,044	6,137	6,614	5,156	4,906	4,902	4,820	4,065	4,165	5,613	9,994	9,587
Net interest income
228,319	248,385	252,168	243,553	235,614	240,673	232,175	231,712	210,300	210,649	204,361	182,959	163,359	171,223	166,739	157,069	144,783	142,188	142,048	142,285	130,009	127,582	125,661	115,407	108,315	111,475	108,776	101,220	98,042	101,155	96,855	90,640	88,229	88,147	79,198	71,094	64,498	62,606	57,885
Provision for credit losses
96,000	17,000	11,000	27,000	20,000	35,000	13,000	27,000	12,000	2,000	20,000	13,000	9,000	9,000	22,000	16,000	30,000	14,000	13,750	14,500	11,000	6,500	6,500	4,000	5,000	5,000	5,000	7,000	2,000	4,500	3,000	1,000	3,000	6,000	7,000	8,000	7,500	13,500	14,500
Net interest income after provision for credit losses
132,319	231,385	241,168	216,553	215,614	205,673	219,175	204,712	198,300	208,649	184,361	169,959	154,359	162,223	144,739	141,069	114,783	128,188	128,298	127,785	119,009	121,082	119,161	111,407	103,315	106,475	103,776	94,220	96,042	96,655	93,855	89,640	85,229	82,147	72,198	63,094	56,998	49,106	43,385
Non-interest income
Service charges on deposit accounts
3,293	2,785	2,707	2,849	2,979	3,168	3,477	3,005	3,137	3,109	3,211	3,067	3,045	2,940	2,880	2,411	2,110	1,984	2,096	2,149	2,094	1,976	1,817	1,764	1,696	1,674	1,659	1,749	1,701	1,693	1,684	1,624	1,604	1,504	1,585	1,608	1,783	1,662	1,539
Wealth management and trust fee income
2,467	2,342	2,330	2,129	2,009	2,152	2,065	2,007	1,924	1,767	1,627	1,402	1,357	1,244	1,113	1,098	813	1,313	1,222	1,287	1,200	1,223	1,190	1,242	1,282	1,250	1,263	1,269	1,241	1,260	1,216	1,232	1,114	1,108	1,091	1,066	954	1,013	980
Bank owned life insurance (BOLI) income
-	-	-	-	-	-	-	-	-	-	615	481	466	-	520	536	536	567	484	476	484	520	517	521	509	533	423	463	498	510	549	588	521	500	533	539	523	455	481
Brokered loan fees
8,015	8,645	8,691	7,336	5,066	5,408	6,141	5,815	5,168	5,692	6,152	5,809	5,678	7,249	7,581	5,864	4,645	4,267	4,885	5,277	4,232	3,979	3,821	3,357	2,824	3,380	4,078	4,778	4,744	4,978	4,839	4,128	3,651	3,408	2,849	2,558	2,520	3,272	2,221
Servicing income
4,746	4,030	3,549	3,126	2,734	2,861	4,987	4,967	5,492	5,270	4,486	3,700	2,201	1,300	310	50	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Swap fees
2,757	1,559	1,196	601	1,031	1,356	1,355	1,352	1,562	586	647	954	1,803	536	918	1,105	307	1,000	254	1,035	1,986	894	464	410	1,224	1,904	983	981	1,652	-	1,397	622	-	-	-	-	-	-	-
Net gain/(loss) on sale of loans held for sale
-13,000	-7,757	-6,011	-5,986	-505	-8,087	-444	-5,230	-2,173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment rental income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	676	783	792	1,196
Other
3,502	6,157	7,839	14,309	16,700	8,422	7,937	5,363	4,837	6,899	2,265	3,356	2,560	4,501	3,394	2,868	2,941	2,201	2,439	2,547	2,271	2,634	2,587	3,239	2,821	2,443	2,025	1,888	1,445	2,302	867	2,268	1,503	1,998	1,545	1,504	1,121	907	1,619
Total non-interest income
11,780	17,761	20,301	24,364	30,014	15,280	25,518	17,279	19,947	19,374	19,003	18,769	17,110	18,835	16,716	13,932	11,297	11,320	11,380	12,771	12,267	11,226	10,396	10,533	10,356	11,184	10,431	11,128	11,281	12,836	10,552	10,462	9,190	8,994	7,603	7,951	7,684	8,101	8,036
Non-interest expense
Salaries and employee benefits
76,667	80,262	80,106	76,889	77,823	69,500	77,327	72,404	72,537	70,192	67,882	63,154	63,003	66,081	56,722	54,810	51,372	49,999	48,583	48,200	45,828	43,910	43,189	39,896	42,056	43,008	36,012	45,191	33,541	31,198	31,009	30,230	29,019	26,658	25,596	24,109	24,172	21,872	21,393
Net occupancy expense
8,712	9,075	8,125	7,910	7,879	7,390	8,362	7,356	7,234	6,749	6,436	6,515	6,111	5,937	5,634	5,838	5,812	5,809	5,874	5,808	5,691	5,746	5,279	5,073	4,768	4,487	4,342	4,135	3,857	3,916	3,653	3,679	3,604	3,537	3,367	3,443	3,310	3,128	3,032
Leased equipment depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	447	556	580	1,035
Marketing
8,460	12,807	14,753	14,087	11,708	10,208	10,214	10,236	8,677	8,438	7,242	6,157	4,950	4,617	4,292	4,486	3,908	4,349	3,999	3,925	4,218	4,411	4,024	3,795	3,759	4,183	3,974	4,074	3,972	3,980	3,472	3,174	2,823	3,798	2,455	2,733	2,123	1,333	1,101
Legal and professional
17,466	22,402	11,394	10,004	10,030	13,042	10,764	11,654	7,530	8,756	6,395	7,127	7,453	6,443	5,333	6,226	5,324	6,974	5,510	5,618	4,048	3,725	4,874	7,181	5,402	5,520	3,937	4,707	3,940	5,320	4,916	3,330	3,991	4,362	3,647	4,264	2,723	2,705	3,298
Communications and technology
13,608	13,801	10,805	11,022	9,198	8,845	7,435	7,143	6,633	6,590	6,002	11,906	6,506	6,334	6,620	6,391	6,217	5,520	5,180	5,647	5,078	5,454	4,928	4,361	3,924	3,597	3,696	3,347	3,122	3,070	2,885	2,720	2,483	2,467	2,210	2,584	2,347	2,256	2,186
FDIC insurance assessment
5,849	5,613	5,220	4,138	5,122	5,423	6,524	6,257	6,103	6,710	6,203	4,603	5,994	6,573	6,355	6,043	5,469	4,741	4,489	4,211	3,790	2,875	2,775	2,544	2,725	1,923	4,357	699	1,078	-	1,332	-	-	1,595	1,465	1,972	2,511	2,482	2,241
Servicing-related expenses
16,354	2,960	8,165	6,066	5,382	2,555	4,207	4,367	3,805	7,177	3,897	2,682	1,750	398	620	612	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger-related expenses
7,270	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance and other carrying costs for other real estate owned
-	-	2	0	-	7	-1,864	176	2,155	6,122	105	71	139	-	-	-	-	6	1	6	9	24	5	11	45	-	267	482	430	1,369	552	3,812	3,342	2,383	2,150	1,023	4,030	4,071	808
Other
11,031	11,765	10,800	11,445	13,236	12,892	13,174	12,538	12,286	12,404	10,668	9,599	10,188	9,316	9,223	9,849	8,645	9,630	8,052	7,861	7,855	7,972	6,841	6,904	6,638	8,747	5,424	6,099	5,760	7,022	5,702	7,028	7,014	6,556	5,296	4,688	4,627	4,175	4,024
Total non-interest expense
165,417	158,690	149,370	141,561	140,378	129,862	136,143	132,131	126,960	133,138	114,830	111,814	106,094	106,523	94,799	94,255	86,820	87,042	81,688	81,276	76,517	74,117	71,915	69,765	69,317	70,286	62,009	68,734	55,700	60,111	53,521	53,973	52,276	50,353	46,186	45,263	46,399	42,602	39,118
Income before income taxes
-21,318	90,456	112,099	99,356	105,250	91,091	108,550	89,860	91,287	94,885	88,534	76,914	65,375	74,535	66,656	60,746	39,260	52,466	57,990	59,280	54,759	58,191	57,642	52,175	44,354	47,373	52,198	36,614	51,623	49,380	50,886	46,129	42,143	40,788	33,615	25,782	18,283	14,605	12,303
Income tax expense/(benefit)
-4,631	16,539	23,958	21,387	22,411	19,200	22,998	18,424	19,342	50,143	29,850	25,819	22,833	26,149	23,931	21,866	14,132	17,713	20,876	21,343	19,709	20,357	20,810	18,754	16,089	17,012	18,724	12,542	18,479	17,982	18,316	16,506	15,062	15,043	11,905	9,074	6,344	5,074	4,187
Net income/(loss)
-16,687	73,917	88,141	77,969	82,839	71,891	85,552	71,436	71,945	44,742	58,684	51,095	42,542	48,386	42,725	38,880	25,128	34,753	37,114	37,937	35,050	37,834	36,832	33,421	28,265	30,359	33,476	24,073	33,143	31,429	32,536	29,622	27,085	25,740	21,703	16,654	11,879	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,474	24,072	33,144	-	32,570	29,623	27,081	25,745	21,710	16,708	11,939	9,531	8,116
Income from discontinued operations (after-tax)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	1	-1	-	-34	-1	4	-5	-7	-54	-60	-5	-54
Preferred stock dividends
2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,437	2,438	2,438	2,437	2,438	81	0	0	0	0	-	-	-	-	-	-
Net income/(loss) available to common stockholders
-19,125	71,480	85,703	75,532	80,401	69,454	83,114	68,999	69,507	42,305	56,246	48,658	40,104	45,949	40,287	36,443	22,690	32,316	34,676	35,500	32,612	35,397	34,394	30,984	25,827	27,921	31,039	21,635	33,062	31,429	32,536	29,622	27,085	-	-	-	11,879	9,526	8,062
Other comprehensive income/(loss)
Change in unrealized gain/(loss) on available-for-sale debt securities arising during period, before tax
-5,292	-78	884	9,921	-53	2,397	-2,223	-104	-63	-3	52	-33	3	-344	-63	-22	-38	-264	-216	-321	-76	-108	-295	43	-162	-245	-531	-1,028	-725	-932	-386	-625	-288	-629	-142	43	-246	-	-
Income tax expense/(benefit) related to unrealized loss on available-for-sale debt securities
-1,111	-17	186	2,083	-10	503	-467	-22	-13	-2	18	-11	1	-119	-23	-8	-14	-92	-75	-112	-27	-38	-103	15	-57	-1,312	-186	359	254	-1,235	135	218	101	-220	-49	-158	86	-	-
Basic earnings/(loss) per common share
Other comprehensive income (loss), net of tax
-4,181	-61	698	7,838	-43	1,894	-1,756	-82	-50	-1	34	-22	2	-225	-40	-14	-24	-172	-141	-209	-49	-70	-192	28	-105	-160	-345	-668	-471	-606	-251	-406	-187	-409	-92	28	-160	-	-
Comprehensive income
-20,868	73,856	88,839	85,807	82,796	73,785	83,796	71,354	71,895	44,741	58,718	51,073	42,544	48,161	42,685	38,866	25,104	34,581	36,973	37,728	35,001	37,764	36,640	33,449	28,160	30,199	33,131	23,405	32,672	30,823	32,285	29,216	26,898	25,331	21,611	16,682	11,719	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.76	0.53	0.82	-	0.82	0.78	0.72	0.69	0.58	0.45	0.32	0.26	0.22
Basic earnings/(loss) per common share
-0.38	1.43	1.70	1.50	1.60	1.38	1.66	1.39	1.40	0.86	1.13	0.98	0.81	0.98	0.88	0.79	0.49	0.70	0.76	0.78	0.71	0.80	0.80	0.72	0.61	0.67	0.76	0.53	0.82	0.77	0.82	0.78	0.72	0.68	0.58	0.45	0.32	0.26	0.22
Diluted earnings/(loss) per common share
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.74	0.52	0.80	-	0.80	0.76	0.70	0.68	0.56	0.44	0.31	0.25	0.22
Diluted earnings/(loss) per common share
-0.38	1.41	1.70	1.50	1.60	1.38	1.65	1.38	1.38	0.84	1.12	0.97	0.80	0.97	0.87	0.78	0.49	0.70	0.75	0.76	0.70	0.79	0.78	0.71	0.60	0.66	0.74	0.52	0.80	0.74	0.80	0.76	0.70	0.68	0.56	0.43	0.31	0.25	0.22