Exhibit 99.1
tcbilogoa43.jpg
January 24, 2018
INVESTOR CONTACT
Heather Worley, 214.932.6646
heather.worley@texascapitalbank.com

TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR 2017

DALLAS - January 24, 2018 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the fourth quarter and full year of 2017.

“We are pleased to finish 2017 with strong operating results, including record earnings. The strong loan and deposit growth in 2017 positions us well as we move into 2018," said Keith Cargill, CEO. "We are focused on developing our talent and leveraging our people with improved technology as we gain efficiencies and improve client experience."

Q4 2017 was negatively impacted by a $17.6 million ($0.35 per share) write-off of our deferred tax asset ("DTA") as a result of the Tax Cuts and Jobs Act (the "Tax Act"). The amount of the write-off is expected to be recovered during 2018 from cash tax savings resulting from the Tax Act.
Net income decreased 24% on a linked quarter basis and decreased 8% from the fourth quarter of 2016.
EPS decreased 25% on a linked quarter basis and decreased 13% from the fourth quarter of 2016.
Loans held for investment ("LHI"), excluding mortgage finance, increased 4% on a linked quarter basis and 18% from the fourth quarter of 2016.
Total mortgage finance loans, including mortgage correspondent loans ("MCA loans"), decreased 4% on a linked quarter basis and increased 16% from the fourth quarter of 2016.
Demand deposits decreased 5% and total deposits remained flat on a linked quarter basis (increased 4% and 8% on an average basis, respectively), and decreased 2% and increased 12%, respectively, from the fourth quarter of 2016.

FINANCIAL SUMMARY
(dollars and shares in thousands)
 
2017
 
2016
 
% Change
ANNUAL OPERATING RESULTS
 
 
 
 
 
Net income
$
197,063

 
$
155,119

 
27
 %
Net income available to common stockholders
$
187,313

 
$
145,369

 
29
 %
Diluted EPS
$
3.73

 
$
3.11

 
20
 %
Diluted shares
50,260

 
46,766

 
7
 %
ROA
0.87
%
 
0.74
%
 
 
ROE
9.51
%
 
9.27
%
 
 
QUARTERLY OPERATING RESULTS
 
 
 
 
 
Net income
$
44,742

 
$
48,386

 
(8
)%
Net income available to common stockholders
$
42,305

 
$
45,949

 
(8
)%
Diluted EPS
$
0.84

 
$
0.96

 
(13
)%
Diluted shares
50,312

 
47,760

 
5
 %
ROA
0.71
%
 
0.85
%
 
 
ROE
8.18
%
 
10.82
%
 
 
BALANCE SHEET
 
 
 
 
 
Loans held for sale (MCA)
$
1,007,695

 
$
968,929

 
4
 %
LHI, mortgage finance
5,308,160

 
4,497,338

 
18
 %
LHI
15,366,252

 
13,001,011

 
18
 %
Total LHI
20,674,412

 
17,498,349

 
18
 %
Total loans
21,685,416

 
18,467,278

 
17
 %
Total assets
25,075,645

 
21,697,134

 
16
 %
Demand deposits
7,812,660

 
7,994,201

 
(2
)%
Total deposits
19,123,180

 
17,016,831

 
12
 %
Stockholders’ equity
2,202,721

 
2,009,557

 
10
 %



The following information was filed by Texas Capital Bancshares Inctx (TCBI) on Wednesday, January 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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