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.
Undervalued with excellent balance sheet.
Share Price & News
How has Texas Capital Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TCBI's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TCBI underperformed the US Banks industry which returned -33.7% over the past year.
Return vs Market: TCBI underperformed the US Market which returned -14.9% over the past year.
Price Volatility Vs. Market
How volatile is Texas Capital Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StDoes Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Have A Volatile Share Price?
1 month ago | Simply Wall StDoes Texas Capital Bancshares, Inc. (NASDAQ:TCBI) Have A Good P/E Ratio?
Is Texas Capital Bancshares undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TCBI ($22.12) is trading below our estimate of fair value ($47.56)
Significantly Below Fair Value: TCBI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TCBI is good value based on its PE Ratio (3.6x) compared to the Banks industry average (8.6x).
PE vs Market: TCBI is good value based on its PE Ratio (3.6x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: TCBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: TCBI is good value based on its PB Ratio (0.4x) compared to the US Banks industry average (0.8x).
How is Texas Capital Bancshares forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TCBI's earnings are forecast to decline over the next 3 years (-19.1% per year).
Earnings vs Market: TCBI's earnings are forecast to decline over the next 3 years (-19.1% per year).
High Growth Earnings: TCBI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: TCBI's revenue (2.7% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: TCBI's revenue (2.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TCBI's Return on Equity is forecast to be low in 3 years time (7.7%).
How has Texas Capital Bancshares performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TCBI has high quality earnings.
Growing Profit Margin: TCBI's current net profit margins (31.9%) are lower than last year (32.1%).
Past Earnings Growth Analysis
Earnings Trend: TCBI's earnings have grown significantly by 22.1% per year over the past 5 years.
Accelerating Growth: TCBI's earnings growth over the past year (7.6%) is below its 5-year average (22.1% per year).
Earnings vs Industry: TCBI earnings growth over the past year (7.6%) underperformed the Banks industry 10.9%.
Return on Equity
High ROE: TCBI's Return on Equity (11.4%) is considered low.
How is Texas Capital Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: TCBI has a low level of unsold assets or inventory.
Debt Coverage by Assets: TCBI's debt is covered by short term assets (assets are 2.6x debt).
Financial Institutions Analysis
Asset Level: TCBI's level of assets compared to its equity is moderate.
Allowance for Bad Loans: TCBI has a low allowance for bad loans.
Low Risk Liabilities: TCBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: TCBI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TCBI's loans are broadly funded by customer deposits.
Level of Bad Loans: TCBI has an appropriate level of bad loans (0.91%)
What is Texas Capital Bancshares's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TCBI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TCBI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TCBI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TCBI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TCBI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
C. Cargill (66yo)
Mr. C. Keith Cargill is the founder of Texas Capital Bancshares, Inc. and serves as the President and Chief Executive Officer since January 1, 2014 and also serves as a Director since January 1, 2014. He h ...
CEO Compensation Analysis
Compensation vs Market: C.'s total compensation ($USD4.91M) is above average for companies of similar size in the US market ($USD3.25M).
Compensation vs Earnings: C.'s compensation has been consistent with company performance over the past year.
|CFO & Secretary||2.75yrs||US$1.70m||0.083% $918.9k|
|Vice Chairman of of Texas Capital Bank||0.67yr||US$1.88m||0.075% $835.8k|
|Chief Risk Officer||1.25yrs||US$1.41m||0.0033% $36.9k|
|Senior VP & Director of Investor Relations||6.25yrs||no data||no data|
|Senior VP & Director of Communications||no data||no data||no data|
|Controller||no data||no data||0.0075% $83.4k|
Experienced Management: TCBI's management team is considered experienced (2.8 years average tenure).
|Independent Chairman||7.92yrs||US$219.24k||0.041% $453.4k|
|Independent Director||18.67yrs||US$139.24k||0.017% $185.5k|
|Independent Director||10.25yrs||US$167.24k||0.012% $137.0k|
|Independent Director||18.58yrs||US$156.49k||0.063% $702.8k|
|Independent Director||18.92yrs||US$144.99k||0.043% $478.8k|
|Independent Director||6.5yrs||US$176.49k||0.0078% $86.6k|
|Independent Director||8.92yrs||US$154.99k||0.015% $163.5k|
|Independent Director||10.5yrs||US$192.24k||0.023% $251.5k|
|Independent Director||4.17yrs||US$139.99k||0.010% $116.8k|
Experienced Board: TCBI's board of directors are considered experienced (9.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Texas Capital Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Texas Capital Bancshares, Inc.
- Ticker: TCBI
- Exchange: NasdaqGS
- Founded: 1996
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.114b
- Shares outstanding: 50.35m
- Website: https://www.texascapitalbank.com
Number of Employees
- Texas Capital Bancshares, Inc.
- 2000 McKinney Avenue
- Suite 700
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TCBI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Aug 2003|
|TCA||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 2003|
|TCBI.L||NasdaqGS (Nasdaq Global Select)||SUB NT 6.50%42||US||USD||Sep 2012|
|TCBI.P||NasdaqGS (Nasdaq Global Select)||PFD PERP SR-A||US||USD||Mar 2013|
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; treasury management services, including online banking and debit and credit card services; escrow 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. Further, the company provides American Airlines AAdvantage, an all-digital branch offering depositors. 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 13:33|
|End of Day Share Price||2020/04/02 00:00|
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.