TCBI Q3 EPS $2.28, Record Fee Income, New $200M Buyback, Guidance Raised
Summary
Texas Capital posted Q3 EPS of $2.28 ($2.35 adjusted) on record net interest and fee income, authorized a new $200M buyback, and raised full-year revenue guidance — though criticized loans climbed 12% quarter over quarter.
Key Events · Earnings and Guidance · TCBI
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Q3 Earnings Roughly Flat YoY
Net income available to common was $99.4M, or $2.28 per diluted share, versus $100.9M and $2.18 a year ago; adjusted EPS rose 8% to $2.35.
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Record Revenue, Margin Expansion
Net interest income hit a record $275.0M and fee income a record $81.6M (+19% YoY); net interest margin widened 16bps QoQ to 3.44%.
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New $200M Buyback Authorized
Board authorized up to $200.0M of repurchases effective October 20, 2026 through October 31, 2027, terminating the remaining December 12, 2025 authorization; Q3 repurchases totaled 1,051,660 shares for $103.0M at a weighted average $96.99.
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Credit Migration Worth Watching
Criticized loans rose to $782.4M (3.25% of LHI) from $696.3M, with $14.5M of net charge-offs and a $17.0M provision; non-performing assets held at 0.38% of total assets.
Analysis · TCBI · Finance
Solid but not a blowout: GAAP EPS of $2.28 was roughly flat year over year, while adjusted EPS of $2.35 rose 8% on record net interest income ($275.0M) and record fee income ($81.6M, up 19%). For holders, the bigger news is capital return — a fresh $200M repurchase authorization through October 2027 replaces the exhausted prior program, following Q3 buybacks of 1.05M shares for $103M at an average $96.99. Credit is the soft spot: criticized loans jumped 12% QoQ to $782.4M (3.25% of loans) and the provision rose to $17.0M, so the market will weigh buyback support against rising problem-loan migration. Management also nudged full-year adjusted revenue guidance up to high single-digit growth.
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At the time of this filing, TCBI was trading at $90.58 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.9B. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.