Exhibit 99.1

 

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MEDIA CONTACT

Heather Worley, 214.932.6827

heather.worley@texascapitalbank.com

INVESTOR CONTACT

Myrna Vance, 214.932.6646

myrna.vance@texascapitalbank.com

TEXAS CAPITAL BANCSHARES ANNOUNCES OPERATING RESULTS FOR 2012

DALLAS – January 23, 2013 – 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 2012.

 

   

Net income increased 59% for the year, 3% decrease on a linked quarter basis (4% increase excluding litigation settlement) and 22% increase for the fourth quarter of 2012 as compared to the same quarter of 2011

 

   

EPS increased 51% for the year, 5% decrease on a linked quarter basis (3% increase excluding litigation settlement) and 13% increase for the fourth quarter of 2012 as compared to the same quarter of 2011

 

   

Results for the fourth quarter and 2012 include a pre-tax charge of $4.0 million, or $0.06 per share after-tax, related to settlement of litigation

 

   

Demand deposits increased 45% and total deposits increased 34% from 2011; linked quarter increases of 20% and 11%, respectively

 

   

Loans held for investment increased 22% and total loans increased 30% from 2011, reflecting linked quarter increases of 4% and 6%, respectively

“I am very pleased with the operating results we achieved both for this quarter and for the full year,” said George Jones, CEO. “Our growth continues, and we are confident in our ability to continue to generate industry-leading results.”

FINANCIAL SUMMARY

(dollars and shares in thousands)

 

     2012     2011     % Change  

ANNUAL OPERATING RESULTS(1)

      

Net Income

   $ 120,709      $ 76,102        59

Diluted EPS

   $ 3.01      $ 1.99        51

ROA

     1.35     1.12  

ROE

     16.93     13.39  

Diluted Shares

     40,166        38,333     

QUARTERLY OPERATING RESULTS(1)

      

Net Income

   $ 31,435      $ 25,745        22

Diluted EPS

   $ .76      $ .67        13

ROA

     1.27     1.28  

ROE

     15.35     17.05  

Diluted Shares

     41,505        38,609     

BALANCE SHEET(1)

      

Total Assets

   $ 10,540,542      $ 8,137,225        30

Demand Deposits

     2,535,375        1,751,944        45

Total Deposits

     7,440,804        5,556,257        34

Loans Held for Investment

     6,785,535        5,572,371        22

Loans Held for Sale

     3,175,272        2,080,081        53

Total Loans

     9,960,807        7,652,452        30

Stockholders’ Equity

     836,242        616,331        36

 

(1) Operating results, assets and loans are reporting from continuing operations

 

 


The following information was filed by Texas Capital Bancshares Inctx (TCBI) on Thursday, January 24, 2013 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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