Texas Capital Bancshares Inctx (TCBI) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Texas Capital Bancshares Inctx
Ticker: TCBI CIK: 1077428

Exhibit 99.1

LOGO

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.

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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

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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

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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

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

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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.

View differences made from one year to another to evaluate Texas Capital Bancshares Inctx's financial trajectory

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