At a glance
Texas Capital Bancshares Inc is worth $4.31B, about 15 times its fiscal 2025 earnings. Revenue grew 34.7% to $1.26B in fiscal 2025, with 26.3% kept as profit; over 5 years it has grown 3.6% a year. It pays no dividend; it spent $487.7M buying back its shares over FY2021–FY2025. The stock returned +21.5% over the past year with dividends reinvested and +10.7% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 66.8% in the 2020 crash (S&P 500: 33.7%) and 30.2% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 9 months and 27 months after the lows.
The business in plain English
Texas Capital Bancshares, based in Dallas, is the parent company of Texas Capital Bank, a Texas state-chartered bank, and Texas Capital Securities, a securities firm. Its main banking offices are in Austin, Dallas, Fort Worth, Houston and San Antonio. It mainly lends to commercial businesses, entrepreneurs and professionals. It also offers individuals deposit accounts, loans, wealth management and trust services. It pitches itself on local decision-making, since the largest banks in Texas are headquartered out of state.
Like most banks, it earns the bulk of its revenue from net interest income. That is the difference between the interest it collects on loans and securities and the interest it pays on deposits. In fiscal 2025, net interest income was about $1.03 billion out of total revenue of about $1.26 billion. The remaining $227 million was noninterest income from services such as treasury management (payments and cash handling for businesses), investment banking and private banking.
Texas is the core, but several business lines serve clients nationwide. They include mortgage finance, which lends to mortgage companies, plus homebuilder finance and corporate and investment banking. Another is Bask Bank, an online division that can pay depositors in American Airlines AAdvantage miles instead of cash interest. The 10-K gives no clean revenue split by segment or region. As of September 30, 2026, the company held about $23.8 billion in loans and $27.7 billion in deposits.
Price history
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TCBI +21.5% over the year to Oct 28, 2026, total return with dividends reinvested.
Latest results
- In Q3 FY2026 (ended Sep 30, 2026), revenue was $356.6M, up 4.8% from a year earlier, and net income was $103.7M (-1.4%).
- For fiscal 2025, revenue was $1.26B (+34.7% year over year; +3.6% a year from FY2020 to FY2025) with a 26.3% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +3.6% watch |
|---|---|
| Return on equity | 9.1% watch |
| Net income / revenue | 26.3% good |
| Deposits | $27.72B |
| Loans | $23.81B |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $1.05B | $66.3M | — |
| FY2021 | $907.1M | $253.9M | — |
| FY2022 | $1.23B | $332.5M | — |
| FY2023 | $1.08B | $189.1M | — |
| FY2024 | $932.3M | $77.5M | — |
| FY2025 | $1.26B | $330.2M | — |
Valuation snapshot
| Market value | $4.31B |
|---|---|
| P/E ratio | 15 |
| Dividend yield | 0.39% |
Rank among 1514 US companies
Market value at each year end
Texas Capital Bancshares’s market value went from $3.61B at the end of 2016 to $4.31B on Oct 28, 2026, up 19%; since the end of 2025 it is up 4%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Oct 28, 2026 | $4.31B | +4.2% |
| 2025 | $4.13B | +14.4% |
| 2024 | $3.61B | +16.4% |
| 2023 | $3.10B | +3.1% |
| 2022 | $3.01B | -1.3% |
| 2021 | $3.05B | +1.6% |
| 2020 | $3.00B | +5.1% |
| 2019 | $2.86B | +11.4% |
| 2018 | $2.56B | -41.9% |
| 2017 | $4.41B | +22.3% |
| 2016 | $3.61B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| TCBI price data to Oct 28, 2026 | +12.6% | +21.5% | +23.2% | +10.7% | +5.6% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +12.6% |
| 2025 | +15.8% |
| 2024 | +21.0% |
| 2023 | +7.2% |
| 2022 | +0.1% |
| 2021 | +1.3% |
| 2020 | +4.8% |
| 2019 | +11.1% |
| 2018 | -42.5% |
| 2017 | +13.4% |
| 2016 | +60.3% |
| 2015 | -8.4% |
| 2014 | -12.7% |
| 2013 | +38.8% |
| 2012 | +46.4% |
| 2011 | +43.4% |
| 2010 | +52.9% |
| 2009 | +4.5% |
| 2008 | -26.8% |
| 2007 | -8.2% |
| 2006 | -11.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 69.1% over that stretch · deepest drop along the way 69.5%, back to its old high 21.5 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 66% over that stretch · deepest drop along the way 66.8%, back to its old high 8.8 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 0.2% over that stretch · deepest drop along the way 30.2%, back to its old high 27 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 1 open-market purchases ($4K) and 4 sales ($10.6M).
| Date | Insider | Type | Value |
|---|---|---|---|
| Jun 8, 2026 | Rob C Holmes Chairman, President and CEO | sell | $5.0M |
| Jun 5, 2026 | Rob C Holmes Chairman, President and CEO | sell | $5.0M |
| Jun 9, 2026 | Anna M Alvarado Chief Legal Officer | sell | $353K |
| Jul 24, 2026 | Ellen Detrich Controller | sell | $205K |
| Jun 15, 2026 | John Matthew Scurlock Chief Financial Officer | buy | $4K |
Who owns it
Large shareholders (13G filings)
| North Reef Capital Management L.P. | 5.6% | Apr 21, 2025 |
| AQR Capital Management, LLC | 5.53% | Mar 31, 2026 |
| Vanguard Capital Management | 5.23% | Mar 31, 2026 |
| North Reef Capital Management LP | 4.3% | Jun 30, 2025 |
ETFs with the most weight in TCBI
| QABA First Trust NASDAQ ABA Community Bank Index Fund | 1.69% |
| KBE SPDR S&P Bank ETF | 1.04% |
| MSSM Morgan Stanley Pathway Small-Mid Cap Equity ETF | 0.47% |
| SVAL iShares US Small Cap Value Factor ETF | 0.46% |
| DFSV Dimensional US Small Cap Value ETF | 0.34% |
| VTWV Vanguard Russell 2000 Value ETF | 0.29% |
| IWN iShares Russell 2000 Value ETF | 0.28% |
| DFAT Dimensional U.S. Targeted Value ETF | 0.26% |
What could go wrong
- Heavy dependence on the Texas economy. Its business is concentrated in Texas. A downturn there, including in the energy industry, could hurt loan demand and credit quality more than at a bank spread across many states.
- Commercial loans carry higher credit risk. A large share of its assets are loans to businesses, which can be riskier than consumer loans. Profits depend heavily on these commercial customers staying healthy and repaying.
- Real estate and mortgage lending swings. Many loans are backed by commercial and residential real estate, so falling property values could raise losses. Demand in mortgage finance also rises and falls sharply as interest rates change.
- Interest rate moves hit income and bonds. Rate changes affect what it earns on loans and pays on deposits. When rates rise, its securities lose value, and selling them at that point would lock in losses.
- Deposits can leave fast in a scare. The bank needs steady deposits and funding to operate and grow. Troubles at other banks have shaken confidence in the banking system before, and that can push depositors to withdraw money quickly.
- Newer businesses bring new risks. It has added investment banking, sales and trading, and national lines such as Bask Bank. Trading exposes it to market losses, and new businesses may not grow or earn returns as planned.
Recent events
- Quarterly results released
- Executive or board change
- Listing notice from the exchange; Investor presentation or announcement
- Quarterly results released
- Quarterly results released; Executive or board change; Shareholder vote results
- Other company announcement
- Bylaws or fiscal year changed
- Quarterly results released
- Other company announcement
- Investor presentation or announcement
For income and retirement investors
Based on its filings, Texas Capital paid no dividends on its common stock from 2021 through 2025, so there is no dividend streak or payout ratio to assess. An income investor would get cash from this stock only by selling shares. The company returns money through buybacks instead. These are purchases of its own shares, which spread profits over fewer shares. Buybacks totaled $487.7 million over those five years, including $185.9 million in 2025. Shares outstanding fell 16.2%, from about 50.6 million on February 8, 2022, to about 42.4 million on October 20, 2026.
The stock has fallen hard in past downturns. It dropped 69.5% in the 2008 financial crisis and did not regain its peak until December 2010. It fell 66.8% in the 2020 COVID crash and recovered by December 2020. It fell 30.2% in 2022 and took 27 months from the low to recover. Its worst decline in about 21 years of price history was 81.2%. A single bank stock carries more risk than a diversified fund.
Questions investors ask
Does Texas Capital Bancshares pay a dividend?
No. Its filings show no dividends on its common stock from 2021 through 2025. Instead, the company has bought back shares: $487.7 million over those five years, including $185.9 million in 2025. Shares outstanding fell 16.2% between February 8, 2022, and October 20, 2026, to about 42.4 million. Investors who need regular cash from this holding would have to sell shares, since there is no dividend to collect.
How does Texas Capital Bancshares make money?
Mostly from lending. In fiscal 2025, net interest income was about $1.03 billion of roughly $1.26 billion in revenue. That is what it earns on loans and securities minus what it pays on deposits. The other $227 million was noninterest income from services such as treasury management, investment banking and private banking. Its core customers are Texas businesses, entrepreneurs and professionals. Lines such as mortgage finance and Bask Bank reach clients nationwide.
What is Bask Bank?
Bask Bank is an online division of Texas Capital Bank. It offers depositors American Airlines AAdvantage miles in place of cash interest. It also offers standard interest-bearing checking, savings and certificate of deposit accounts. It is one of several lines that let the Dallas-based company win business outside Texas, alongside mortgage finance, homebuilder finance and corporate and investment banking. The 10-K gives no clean revenue split by business line, so Bask Bank's own results are not broken out.
Is Texas Capital Bancshares profitable?
Yes. Net income was $330.2 million in fiscal 2025, or $6.79 per diluted share, up from $77.5 million in 2024. Return on equity, a measure of profit against shareholders' capital, was 9.1%. In the quarter ended September 30, 2026, net income was $103.7 million, down 1.4% from a year earlier. As of October 28, 2026, the stock traded at about 15 times fiscal 2025 earnings, for a market value of about $4.31 billion.
How did Texas Capital stock do in past market crashes?
It fell sharply each time. The shares dropped 69.5% in the 2008 financial crisis and did not regain their peak until December 2010. They fell 66.8% in the 2020 COVID crash and recovered by December 2020. In 2022 they fell 30.2% and took 27 months from the low to recover. As of October 28, 2026, the share price had risen 21.5% over one year and an average of 5.6% a year over 10 years.