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Texas Capital Bancshares Inctx (TCBI) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

SEC Filings

Texas Capital Bancshares Inctx

CIK: 1077428 Ticker: TCBI

Exhibit 99.1
tcbicolorlogoforrelease.jpg
INVESTOR CONTACT
Jamie Britton, 214.932.6721
jamie.britton@texascapitalbank.com
MEDIA CONTACT
Shannon Wherry, 469.399.8527
shannon.wherry@texascapitalbank.com
TEXAS CAPITAL BANCSHARES, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2021 RESULTS
Fourth quarter 2021 net income of $65.1 million, or $1.19 per diluted share
Continued improvement in credit quality drove a provision release of $10.0 million
Necessary regulatory approvals obtained for launch of Texas Capital Securities
Full year 2021 net income of $253.9 million, or $4.60 per diluted share
DALLAS - January 20, 2022 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI) (the “Company”), the parent company of Texas Capital Bank, today reported results for the fourth quarter and full year of 2021.
Net income was $65.1 million, or $1.19 per diluted share, for the fourth quarter of 2021, compared to $43.4 million, or $0.76 per diluted share, for the third quarter of 2021 and $60.2 million, or $1.14 per diluted share, for the fourth quarter of 2020. Full year 2021 net income was $253.9 million, or $4.60 per diluted share, compared to $66.3 million, or $1.12 per diluted share, for full year 2020.
“This quarter’s results conclude a year full of new initiatives and accomplishments designed to best position the Company for yet another important year ahead,” said Rob C. Holmes, President and CEO. “Our entire team is poised to continue delivering on our goals outlined in September. With our organizational discipline improving and financial results trending favorably, I am confident we will continue realizing progress towards our vision of becoming the flagship financial services firm headquartered in Texas.”
FINANCIAL RESULTS
(dollars and shares in thousands)
4th Quarter3rd Quarter4th QuarterFull YearFull Year
20212021202020212020
OPERATING RESULTS
Net income$65,130 $43,390 $60,176 $253,939 $66,289 
Net income available to common stockholders$60,817 $39,078 $57,739 $235,218 $56,539 
Diluted earnings per common share$1.19 $0.76 $1.14 $4.60 $1.12 
Diluted common shares51,208 51,140 50,794 51,141 50,583 
Return on average assets0.69 %0.47 %0.61 %0.67 %0.18 %
Return on average common equity8.36 %5.41 %8.50 %8.35 %2.10 %
BALANCE SHEET
Loans held for investment (“LHI”)$15,331,457 $15,221,404 $15,351,451 
LHI, mortgage finance7,475,497 8,528,313 9,079,409 
Total LHI22,806,954 23,749,717 24,430,860 
Loans held for sale (“LHS”)8,123 9,660 283,165 
Total assets34,731,738 36,404,320 37,726,096 
Demand deposits13,390,370 14,970,462 12,740,947 
Total deposits28,109,365 29,813,668 30,996,589 
Stockholders’ equity3,209,616 3,147,752 2,871,224 



The following information was filed by Texas Capital Bancshares Inctx (TCBI) on Thursday, January 20, 2022 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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Definitive Proxy Statement (Form DEF 14A)
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Texas Capital Bancshares Inctx's Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:

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Inside Texas Capital Bancshares Inctx's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Cover Page
Related Party Transactions
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income And Other Comprehensive Income
Consolidated Statements Of Stockholders' Equity
Certain Transfers Of Financial Assets
Certain Transfers Of Financial Assets (Details)
Certain Transfers Of Financial Assets (Tables)
Certain Transfers Of Financial Assets - Narrative (Details)
Certain Transfers Of Financial Assets - Schedule Of Fair Value Assumption Used To Value Mortgage Servicing Rights Retained (Details)
Certain Transfers Of Financial Assets - Schedule Of Mortgage Servicing Rights Activity (Details)
Certain Transfers Of Financial Assets - Schedule Of Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets (Details)
Deposits
Deposits (Tables)
Deposits - Narrative (Details)
Deposits - Schedule Of Deposits (Details)
Deposits - Schedule Of Maturities Of Interest-Bearing Time Deposits (Details)
Derivative Financial Instruments
Derivative Financial Instruments (Tables)
Derivative Financial Instruments - Schedule Of Derivative Instruments (Details)
Derivative Financial Instruments Derivative Financial Instruments - Narrative (Details)
Derivative Financial Instruments Derivative Financial Instruments - Schedule Of Weighted Average Interest Rate Received And Paid (Details)
Earnings Per Share
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Disclosures
Fair Value Disclosures (Tables)
Fair Value Disclosures - Level 3 Fair Value Assets Measured On A Recurring Basis (Details)
Fair Value Disclosures - Narrative (Details)
Fair Value Disclosures - Schedule Of Assets And Liabilities Measured At Fair Value (Details)
Fair Value Disclosures - Summary Of The Carrying Amounts And Estimated Fair Values Of Financial Instruments (Details)
Financial Instruments With Off-Balance Sheet Risk
Financial Instruments With Off-Balance Sheet Risk (Details)
Financial Instruments With Off-Balance Sheet Risk (Tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Narrative (Details)
Goodwill And Other Intangible Assets - Schedule Of Estimated Aggregate Future Amortization Expense For Intangible Assets (Details)
Goodwill And Other Intangible Assets - Schedule Of Goodwill And Other Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Deferred Tax Asset (Details)
Income Taxes - Effective Income Tax Reconciliation (Details)
Income Taxes - Income Tax Expense (Benefit) (Details)
Investment Securities
Investment Securities (Tables)
Investment Securities - Narrative (Details)
Investment Securities - Schedule Of Amortized Cost And Estimated Fair Value Of Securities (Details)
Investment Securities - Schedule Of Available-For-Sale Debt Securities In A Continuous Unrealized Loss Position (Details)
Investment Securities - Summary Of Available-For-Sale Debt Securities (Details)
Investment Securities - Summary Of Unrealized And Realized Gains/(Losses) Recognized In Net Income On Equity Securities (Details)
Leases
Leases (Tables)
Leases - Maturity Of Remaining Lease Liabilities (Details)
Leases - Narrative (Details)
Leases - Net Lease Cost (Details)
Leases - Other Information (Details)
Leases - Rou Assets And Lease Liabilities (Details)
Loans Held For Investment And Allowance For Loan Losses
Loans Held For Investment And Allowance For Loan Losses (Tables)
Loans Held For Investment And Allowance For Loan Losses - Additional Information (Details)
Loans Held For Investment And Allowance For Loan Losses - Age Analysis (Details)
Loans Held For Investment And Allowance For Loan Losses - Allowance Activity (Details)
Loans Held For Investment And Allowance For Loan Losses - Details Of Recorded Investment (Details)
Loans Held For Investment And Allowance For Loan Losses - Loans By Investment Grade (Details)
Loans Held For Investment And Allowance For Loan Losses - Loans Held For Investment By Portfolio Segment (Details)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Narrative (Details)
Long-Term Debt - Schedule Of Details Of The Trust Preferred Subordinated Debentures (Details)
Material Transactions Affecting Stockholders' Equity
Material Transactions Affecting Stockholders' Equity (Details)
New Accounting Standards
Operations And Summary Of Significant Accounting Policies
Operations And Summary Of Significant Accounting Policies (Policies)
Operations And Summary Of Significant Accounting Policies (Tables)
Operations And Summary Of Significant Accounting Policies - Additional Information (Details)
Operations And Summary Of Significant Accounting Policies - Revision Of Prior Period Financial Statements, Balance Sheet (Details)
Parent Company Only
Parent Company Only (Tables)
Parent Company Only - Balance Sheet (Details)
Parent Company Only - Statement Of Cash Flows (Details)
Parent Company Only - Statement Of Earnings (Details)
Premises And Equipment
Premises And Equipment (Details)
Premises And Equipment (Tables)
Quarterly Financial Data
Quarterly Financial Data (Details)
Quarterly Financial Data (Tables)
Regulated Operations - Narrative (Details)
Regulatory Restrictions
Regulatory Restrictions (Tables)
Regulatory Restrictions - Schedule Of Compliance With Regulatory Capital Requirements (Details)
Related Party Transactions (Details)
Short-Term And Other Borrowings
Short-Term And Other Borrowings (Tables)
Short-Term And Other Borrowings - Summary Of Borrowings (Details)
Short-Term And Other Borrowings - Summary Of Other Borrowing Capacities (Details)
Stock-Based Compensation And Employee Benefits
Stock-Based Compensation And Employee Benefits (Tables)
Stock-Based Compensation And Employee Benefits - Narrative (Details)
Stock-Based Compensation And Employee Benefits - Schedule Of Stock Appreciation Rights Activity (Details)
Stock-Based Compensation And Employee Benefits - Summary Of Status And Changes In Nonvested Restricted Stock Units (Details)
Ticker: TCBI
CIK: 1077428
Form Type: 10-K Annual Report
Accession Number: 0001077428-22-000012
Submitted to the SEC: Wed Feb 09 2022 5:09:41 PM EST
Accepted by the SEC: Wed Feb 09 2022
Period: Friday, December 31, 2021
Industry: State Commercial Banks

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