Texas Capital Bancshares Inctx (TCBI) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

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 2013

DALLAS – January 22, 2014 – 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 2013.

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Net income decreased 9% on a linked quarter basis and decreased 3% from the fourth quarter of 2012

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EPS decreased 9% on a linked quarter basis and decreased 12% from the fourth quarter of 2012

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Demand deposits increased 3% and total deposits increased 3% on a linked quarter basis, growing 32% and 24%, respectively, from the fourth quarter of 2012

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Loans held for investment, excluding mortgage finance, increased 5% and total loans increased 9% on a linked quarter basis, growing 25% and 13%, respectively, from the fourth quarter of 2012

“2013 has been an extraordinary year for Texas Capital as we continue to build our business consistent with our successful, long-standing model,” said Keith Cargill, CEO. “As we win top client-facing talent and the critically important people who deliver outstanding service, products and support, we build growing earnings power for the future. This is consistent with our upcoming capital raise to support our anticipated strong growth.”

FINANCIAL SUMMARY

(dollars and shares in thousands)


	2013			2012			% Change
ANNUAL OPERATING RESULTS⁽¹⁾
Net Income	$	121,046		$	120,709			0	%
Net Income Available to Common Shareholders	$	113,652		$	120,709			(6	)%
Diluted EPS	$	2.72		$	3.01			(10	)%
ROA		1.17	%		1.35	%
ROE		12.82	%		16.93	%
Diluted Shares		41,780			40,166
QUARTERLY OPERATING RESULTS⁽¹⁾
Net Income	$	30,356		$	31,435			(3	)%
Net Income Available to Common Shareholders	$	27,918		$	31,435			(11	)%
Diluted EPS	$	.67		$	.76			(12	)%
ROA		1.10	%		1.27	%
ROE		11.94	%		15.35	%
Diluted Shares		41,889			41,505
BALANCE SHEET⁽¹⁾
Total Assets	$	11,714,397		$	10,540,542			11	%
Demand Deposits		3,347,567			2,535,375			32	%
Total Deposits		9,257,379			7,440,804			24	%
Loans Held for Investment		8,486,309			6,785,535			25	%
Loans Held for Investment, Mortgage Finance		2,784,265			3,175,272			(12	)%
Total Loans		11,270,574			9,960,807			13	%
Stockholders’ Equity		1,096,350			836,242			31	%

(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 23, 2014 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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