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Texas Capital Bancshares

DB:TCA
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TCA
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Banks
Company description

Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. The last earnings update was 62 days ago. More info.


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TCA Share Price and Events
7 Day Returns
3.4%
DB:TCA
-1%
DE Banks
0.7%
DE Market
1 Year Returns
-33.9%
DB:TCA
-28.1%
DE Banks
-8.7%
DE Market
TCA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Texas Capital Bancshares (TCA) 3.4% -0.1% 11.1% -33.9% 26.8% 37.6%
DE Banks -1% -14.5% -11.5% -28.1% 1.2% -41%
DE Market 0.7% -1.2% 0.2% -8.7% 10% 8.1%
1 Year Return vs Industry and Market
  • TCA underperformed the Banks industry which returned -28.1% over the past year.
  • TCA underperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
TCA
Industry
5yr Volatility vs Market

TCA Value

 Is Texas Capital Bancshares undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Texas Capital Bancshares to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Texas Capital Bancshares.

DB:TCA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 17 analysts.
= Stable Book Value * Return on Equity
= $57.01 * 12.2%
$6.94
Book Value of Equity per Share Weighted future Book Value estimates from 15 analysts. $57.01
Discount Rate (Cost of Equity) See below 7.6%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TCA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.59 (1 + (1- 21%) (164.08%))
1.237
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.24
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.237 * 5.96%)
7.6%

Discounted Cash Flow Calculation for DB:TCA using Excess Returns Model Model

The calculations below outline how an intrinsic value for Texas Capital Bancshares is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:TCA Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.2% – 7.6%) * $57.01)
$2.60
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.60 / (7.6% - 0.23%)
$35.33
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $57.01 + $35.33
$92.33
DB:TCA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TCA represents 0.88896x of NasdaqGS:TCBI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88896x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 92.33 x 0.88896
€82.08
Value per share (EUR) From above. €82.08
Current discount Discount to share price of €53.96
= -1 x (€53.96 - €82.08) / €82.08
34.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Texas Capital Bancshares is available for.
Intrinsic value
34%
Share price is €53.96 vs Future cash flow value of €82.08
Current Discount Checks
For Texas Capital Bancshares to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Texas Capital Bancshares's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Texas Capital Bancshares's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Texas Capital Bancshares's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Texas Capital Bancshares's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TCA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $6.03
NasdaqGS:TCBI Share Price ** NasdaqGS (2019-06-19) in USD $60.7
Germany Banks Industry PE Ratio Median Figure of 6 Publicly-Listed Banks Companies 15.31x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.53x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Texas Capital Bancshares.

DB:TCA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TCBI Share Price ÷ EPS (both in USD)

= 60.7 ÷ 6.03

10.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Texas Capital Bancshares is good value based on earnings compared to the DE Banks industry average.
  • Texas Capital Bancshares is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Texas Capital Bancshares's expected growth come at a high price?
Raw Data
DB:TCA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
3.8%per year
Europe Banks Industry PEG Ratio Median Figure of 113 Publicly-Listed Banks Companies 0.78x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

DB:TCA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.07x ÷ 3.8%

2.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Texas Capital Bancshares is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Texas Capital Bancshares's assets?
Raw Data
DB:TCA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $48.38
NasdaqGS:TCBI Share Price * NasdaqGS (2019-06-19) in USD $60.7
Germany Banks Industry PB Ratio Median Figure of 6 Publicly-Listed Banks Companies 0.89x
Germany Market PB Ratio Median Figure of 575 Publicly-Listed Companies 1.78x
DB:TCA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TCBI Share Price ÷ Book Value per Share (both in USD)

= 60.7 ÷ 48.38

1.25x

* Primary Listing of Texas Capital Bancshares.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Texas Capital Bancshares is overvalued based on assets compared to the DE Banks industry average.
X
Value checks
We assess Texas Capital Bancshares's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Texas Capital Bancshares has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TCA Future Performance

 How is Texas Capital Bancshares expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Texas Capital Bancshares expected to grow at an attractive rate?
  • Texas Capital Bancshares's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Texas Capital Bancshares's earnings growth is positive but not above the Germany market average.
  • Texas Capital Bancshares's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TCA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TCA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts 3.8%
DB:TCA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts 6.2%
Germany Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TCA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TCA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,222 355 1
2020-12-31 1,120 337 12
2019-12-31 1,076 328 12
DB:TCA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 925 -521 302
2018-12-31 906 -680 291
2018-09-30 913 -398 264
2018-06-30 872 -227 237
2018-03-31 838 -24 217
2017-12-31 792 132 187
2017-09-30 745 -158 191
2017-06-30 703 -469 175
2017-03-31 669 -570 163
2016-12-31 624 -726 145
2016-09-30 582 -450 132
2016-06-30 560 -72 126

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Texas Capital Bancshares's earnings are expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
  • Texas Capital Bancshares's revenue is expected to grow by 6.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TCA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Texas Capital Bancshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TCA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.69 6.69 6.69 1.00
2020-12-31 6.63 6.95 6.40 17.00
2019-12-31 6.51 6.79 6.25 17.00
DB:TCA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 6.03
2018-12-31 5.83
2018-09-30 5.30
2018-06-30 4.77
2018-03-31 4.37
2017-12-31 3.78
2017-09-30 3.90
2017-06-30 3.64
2017-03-31 3.45
2016-12-31 3.14
2016-09-30 2.87
2016-06-30 2.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Texas Capital Bancshares is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Texas Capital Bancshares's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Texas Capital Bancshares has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TCA Past Performance

  How has Texas Capital Bancshares performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Texas Capital Bancshares's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Texas Capital Bancshares has delivered over 20% year on year earnings growth in the past 5 years.
  • Texas Capital Bancshares's 1-year earnings growth exceeds its 5-year average (39.3% vs 20.3%)
  • Texas Capital Bancshares's earnings growth has exceeded the DE Banks industry average in the past year (39.3% vs 4.7%).
Earnings and Revenue History
Texas Capital Bancshares's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Texas Capital Bancshares Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TCA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 924.77 301.97 448.52
2018-12-31 905.88 291.07 434.49
2018-09-30 912.95 263.93 426.23
2018-06-30 871.63 237.06 406.09
2018-03-31 838.36 216.72 386.87
2017-12-31 791.58 187.31 372.28
2017-09-30 744.62 190.96 360.97
2017-06-30 702.71 175.00 345.61
2017-03-31 668.98 162.78 333.79
2016-12-31 623.59 145.37 318.40
2016-09-30 582.04 131.74 301.64
2016-06-30 560.27 126.13 292.18
2016-03-31 545.82 125.18 283.63
2015-12-31 551.02 135.10 275.86
2015-09-30 543.82 138.19 266.45
2015-06-30 533.70 137.90 259.60
2015-03-31 515.08 133.39 250.71
2014-12-31 497.48 126.60 245.76
2014-09-30 482.83 119.13 243.30
2014-06-30 467.48 115.77 232.97
2014-03-31 450.89 106.42 226.42
2013-12-31 444.54 113.66 222.64
2013-09-30 436.37 117.17 201.63
2013-06-30 426.57 118.70 195.61
2013-03-31 421.32 126.69 184.98
2012-12-31 408.42 120.67 178.47
2012-09-30 390.07 115.02 171.81
2012-06-30 365.46 104.16 162.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Texas Capital Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Texas Capital Bancshares used its assets more efficiently than the DE Banks industry average last year based on Return on Assets.
  • Unable to establish if Texas Capital Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Texas Capital Bancshares's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Texas Capital Bancshares has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TCA Health

 How is Texas Capital Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Texas Capital Bancshares's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Texas Capital Bancshares Company Filings, last reported 2 months ago.

DB:TCA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,581.94 5,007.13 2,330.64
2018-12-31 2,500.39 4,977.72 2,932.97
2018-09-30 2,426.44 4,109.28 2,820.09
2018-06-30 2,343.53 4,941.36 3,481.73
2018-03-31 2,273.43 3,247.27 2,463.49
2017-12-31 2,202.72 3,577.23 2,711.01
2017-09-30 2,158.36 3,002.27 2,498.28
2017-06-30 2,100.55 3,583.29 2,266.97
2017-03-31 2,050.44 2,064.07 2,921.08
2016-12-31 2,009.56 2,530.27 2,630.53
2016-09-30 1,725.78 2,206.33 3,584.48
2016-06-30 1,684.74 2,576.42 2,788.12
2016-03-31 1,647.09 2,154.44 2,788.62
2015-12-31 1,623.53 2,072.56 1,675.56
2015-09-30 1,590.05 1,800.18 2,493.88
2015-06-30 1,554.53 1,941.99 1,488.33
2015-03-31 1,517.96 1,568.61 878.29
2014-12-31 1,484.19 1,623.26 1,273.54
2014-09-30 1,297.92 1,155.60 550.20
2014-06-30 1,262.82 1,424.41 381.60
2014-03-31 1,230.13 1,092.82 273.19
2013-12-31 1,096.35 1,264.73 116.91
2013-09-30 1,066.63 688.02 208.94
2013-06-30 1,034.96 1,870.47 330.16
2013-03-31 1,013.20 1,190.04 218.93
2012-12-31 836.24 2,200.04 234.82
2012-09-30 802.41 2,270.58 178.22
2012-06-30 680.71 1,722.45 168.05
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Texas Capital Bancshares has an acceptable proportion of non-loan assets held.
  • Texas Capital Bancshares's liabilities are made up of primarily low risk sources of funding.
  • Loans at Texas Capital Bancshares are broadly funded by customer deposits.
  • Texas Capital Bancshares's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Texas Capital Bancshares has a sufficient allowance for bad loans.
  • Texas Capital Bancshares has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Texas Capital Bancshares's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Texas Capital Bancshares has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TCA Dividends

 What is Texas Capital Bancshares's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Texas Capital Bancshares dividends. Estimated to be 0% next year.
If you bought €2,000 of Texas Capital Bancshares shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Texas Capital Bancshares's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Texas Capital Bancshares's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TCA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
Germany Banks Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TCA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Texas Capital Bancshares has not reported any payouts.
  • Unable to verify if Texas Capital Bancshares's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Texas Capital Bancshares's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Texas Capital Bancshares has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Texas Capital Bancshares's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Texas Capital Bancshares's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Texas Capital Bancshares afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Texas Capital Bancshares has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TCA Management

 What is the CEO of Texas Capital Bancshares's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
C. Cargill
COMPENSATION $4,144,219
AGE 65
TENURE AS CEO 5.4 years
CEO Bio

Mr. C. Keith Cargill serves as founder, President and Chief Executive Officer of Texas Capital Bancshares, Inc. (Company) and also serves as a member of the Board of Directors since January 1, 2014. He has served as CEO of the Bank since June 2013, after becoming President of the Bank in October 2008. He served as Chief Lending Officer and as a director of the Bank since its inception in December 1998 through July 2013. With deep roots in the banking industry and an unmatched passion for exceptional service, he has helped build one of the finest business and private wealth banks in the United States. Under his leadership, Texas Capital Bank focuses on partnering with top talent, fueling economic growth and supporting communities - a unique style of doing business coined Texas Capitalism® that expands beyond the walls of the bank. Before forming Texas Capital Bank, he served as founder and President of Cargill Lakes, Inc., a privately owned venture capital investment company, and co-founder and Executive Operating Officer of Mack Financial Group, Inc., where he was instrumental in the acquisition and operation of a commercial finance division of a Fortune 500 company. He also brings many years of diverse banking, finance, operating and accounting expertise to his responsibilities as President and Chief Executive Officer. His banking career includes Comerica Bank – Texas where he was Senior Vice President and Middle-Market Banking Manager; NorthPark National Bank, Executive Vice President and Chief Lending Officer; and Texas American Bank — Riverside in Fort Worth, where he was President and Chief Executive Officer. He began his career at Arthur Andersen & Co. As an active member of the community, he serves on the advisory boards of the Hankamer School of Business at Baylor University, the World Affairs Council of Dallas/Fort Worth, HopeXchange, and on the development board of the University of Texas at Arlington. He also is a member of several organizations, including The University of Texas System Chancellor’s Council. He received his bachelor of arts in business administration and accounting from Baylor University and his master of business administration in finance from the University of Texas at Arlington.

CEO Compensation
  • C.'s compensation has been consistent with company performance over the past year, both up more than 20%.
  • C.'s remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Texas Capital Bancshares management team in years:

4.9
Average Tenure
50
Average Age
  • The tenure for the Texas Capital Bancshares management team is about average.
Management Team

C. Cargill

TITLE
President
COMPENSATION
$4M
AGE
65
TENURE
5.4 yrs

Julie Anderson

TITLE
CFO & Secretary
COMPENSATION
$1M
AGE
50
TENURE
1.9 yrs

Vince Ackerson

TITLE
Texas President & Chief Lending Officer of Texas Capital Bank
COMPENSATION
$1M
AGE
61
TENURE
5.9 yrs

Heather Worley

TITLE
SVP, Director of IR
AGE
43
TENURE
5.4 yrs

John Turpen

TITLE
Chief Risk Officer
AGE
49
TENURE
0.4 yrs

Ellen Detrich

TITLE
Controller

Kirk Coleman

TITLE
Executive Vice President of Technology
TENURE
4.4 yrs
Board of Directors Tenure

Average tenure and age of the Texas Capital Bancshares board of directors in years:

8.8
Average Tenure
66.5
Average Age
  • The tenure for the Texas Capital Bancshares board of directors is about average.
Board of Directors

Larry Helm

TITLE
Chairman of the Board
COMPENSATION
$194K
AGE
70
TENURE
7.1 yrs

C. Cargill

TITLE
President
COMPENSATION
$4M
AGE
65
TENURE
5.5 yrs

John Hudgens

TITLE
Vice Chairman
COMPENSATION
$1M
AGE
62
TENURE
0.4 yrs

Jim Browning

TITLE
Director
COMPENSATION
$168K
AGE
68
TENURE
9.7 yrs

Elysia Ragusa

TITLE
Director
COMPENSATION
$146K
AGE
67
TENURE
9.4 yrs

Dale Tremblay

TITLE
Director
COMPENSATION
$143K
AGE
59
TENURE
8.1 yrs

Chuck Hyle

TITLE
Director
COMPENSATION
$151K
AGE
66
TENURE
5.7 yrs

Steven Rosenberg

TITLE
Director
COMPENSATION
$144K
AGE
59
TENURE
17.8 yrs

Bob Stallings

TITLE
Director
COMPENSATION
$125K
AGE
68
TENURE
17.8 yrs

Ian Turpin

TITLE
Director
COMPENSATION
$134K
AGE
73
TENURE
18.1 yrs
Who owns this company?
Recent Insider Trading
  • Texas Capital Bancshares insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. May 19 Buy C. Cargill Individual 23. May 19 23. May 19 3,000 €52.68 €158,047
20. May 19 Sell Ian Turpin Individual 20. May 19 20. May 19 -3,977 €54.23 €-215,689
19. Oct 18 Buy Vince Ackerson Individual 19. Oct 18 19. Oct 18 2,000 €58.33 €116,660
19. Oct 18 Buy C. Cargill Individual 19. Oct 18 19. Oct 18 3,000 €58.84 €176,532
27. Aug 18 Sell Ian Turpin Individual 24. Aug 18 24. Aug 18 -5,320 €80.08 €-426,016
X
Management checks
We assess Texas Capital Bancshares's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Texas Capital Bancshares has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TCA News

Simply Wall St News

TCA Company Info

Description

Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as other treasury management services, including information services, wire transfer initiation, ACH initiation, account transfer, and service integration; and consumer deposit products, such as checking accounts, savings accounts, money market accounts, and certificates of deposit. The company also provides commercial loans for general corporate purposes comprising financing for working capital, internal growth, and acquisitions, as well as financing for business insurance premiums; real estate term and construction loans; mortgage warehouse lending; mortgage correspondent aggregation; equipment finance and leasing; medium- and long-term tax-exempt loans; treasury management services, including online banking and debit and credit card services; and letters of credit. In addition, it offers personal wealth management and trust services; secured and unsecured loans; and online and mobile banking services. It operates in Austin, Dallas, Fort Worth, Houston, and San Antonio metropolitan areas of Texas. Texas Capital Bancshares, Inc. was founded in 1996 and is headquartered in Dallas, Texas.

Details
Name: Texas Capital Bancshares, Inc.
TCA
Exchange: DB
Founded: 1996
$2,724,185,584
50,273,887
Website: http://www.texascapitalbank.com
Address: Texas Capital Bancshares, Inc.
2000 McKinney Avenue,
Suite 700,
Dallas,
Texas, 75201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TCBI Common Stock Nasdaq Global Select US USD 13. Aug 2003
DB TCA Common Stock Deutsche Boerse AG DE EUR 13. Aug 2003
NasdaqGS TCBI.L SUB NT 6.50%42 Nasdaq Global Select US USD 21. Sep 2012
NasdaqGS TCBI.P PFD PERP SR-A Nasdaq Global Select US USD 25. Mar 2013
Number of employees
Current staff
Staff numbers
1,641
Texas Capital Bancshares employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 20:31
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/07
Last earnings filing: 2019/04/18
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.