Texas Capital Bancshares (TCBI)
Market Price (1/30/2026): $100.77 | Market Cap: $4.6 BilSector: Financials | Industry: Regional Banks
Texas Capital Bancshares (TCBI)
Market Price (1/30/2026): $100.77Market Cap: $4.6 BilSector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5% | Trading close to highsDist 52W High is -1.2%, Dist 3Y High is -1.2% | Key risksTCBI key risks include [1] pressure on interest income from elevated deposit costs, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -135% | Weak multi-year price returns3Y Excs Rtn is -13% | |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 35% | Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 8.2% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% | ||
| Low stock price volatilityVol 12M is 32% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -135% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 35% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 21%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology. |
| Trading close to highsDist 52W High is -1.2%, Dist 3Y High is -1.2% |
| Weak multi-year price returns3Y Excs Rtn is -13% |
| Moderate capital ratioTier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 8.2% |
| Key risksTCBI key risks include [1] pressure on interest income from elevated deposit costs, Show more. |
Qualitative Assessment
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Texas Capital Bancshares (TCBI) stock has gained about 20% since 9/30/2025 because of the following key factors:
1. Exceeded Fourth Quarter 2025 Earnings Expectations.
Texas Capital Bancshares reported strong financial results for the fourth quarter of 2025, significantly surpassing Wall Street's expectations. The company announced net income available to common stockholders of $96.3 million, marking a 44% increase year-over-year. Diluted earnings per share (EPS) for the quarter reached $2.12, a considerable rise from $1.43 in the same period of the prior year. The adjusted EPS of $2.08 exceeded the Zacks Consensus Estimate of $1.78 by over 18%. Total revenue for Q4 2025 also surpassed forecasts, reaching $327.5 million. This robust performance was driven by an increase in net interest income to $267.4 million and a 45 basis point expansion in net interest margin to 3.38% compared to the fourth quarter of 2024.
2. Achieved Record Full-Year 2025 Financial Performance and Validated Transformation Strategy.
The company's strong fourth-quarter results contributed to a record-setting full year in 2025, validating its multi-year transformation strategy. Texas Capital Bancshares reported record adjusted total revenue of $1.3 billion and record adjusted net income to common stockholders of $314 million for the full year, representing a 53% increase from 2024. Full-year adjusted EPS also hit a record $6.80, up 53% annually. Management emphasized that the consistent strong quarters in 2025 underscore the effectiveness of their disciplined approach and positioned the company to deliver sustainable value for investors. Furthermore, the company surpassed its long-term Return on Average Assets goal of 1.1% in the final two quarters of 2025.
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1. Exceeded Fourth Quarter 2025 Earnings Expectations.
Texas Capital Bancshares reported strong financial results for the fourth quarter of 2025, significantly surpassing Wall Street's expectations. The company announced net income available to common stockholders of $96.3 million, marking a 44% increase year-over-year. Diluted earnings per share (EPS) for the quarter reached $2.12, a considerable rise from $1.43 in the same period of the prior year. The adjusted EPS of $2.08 exceeded the Zacks Consensus Estimate of $1.78 by over 18%. Total revenue for Q4 2025 also surpassed forecasts, reaching $327.5 million. This robust performance was driven by an increase in net interest income to $267.4 million and a 45 basis point expansion in net interest margin to 3.38% compared to the fourth quarter of 2024.
2. Achieved Record Full-Year 2025 Financial Performance and Validated Transformation Strategy.
The company's strong fourth-quarter results contributed to a record-setting full year in 2025, validating its multi-year transformation strategy. Texas Capital Bancshares reported record adjusted total revenue of $1.3 billion and record adjusted net income to common stockholders of $314 million for the full year, representing a 53% increase from 2024. Full-year adjusted EPS also hit a record $6.80, up 53% annually. Management emphasized that the consistent strong quarters in 2025 underscore the effectiveness of their disciplined approach and positioned the company to deliver sustainable value for investors. Furthermore, the company surpassed its long-term Return on Average Assets goal of 1.1% in the final two quarters of 2025.
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Stock Movement Drivers
Fundamental Drivers
The 19.5% change in TCBI stock from 9/30/2025 to 1/29/2026 was primarily driven by a 84.4% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 1292026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.53 | 101.03 | 19.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 997 | 1,212 | 21.6% |
| Net Income Margin (%) | 13.4% | 24.8% | 84.4% |
| P/E Multiple | 28.9 | 15.4 | -46.8% |
| Shares Outstanding (Mil) | 46 | 46 | 0.2% |
| Cumulative Contribution | 19.5% |
Market Drivers
9/30/2025 to 1/29/2026| Return | Correlation | |
|---|---|---|
| TCBI | 19.5% | |
| Market (SPY) | 4.2% | 54.4% |
| Sector (XLF) | -0.6% | 67.8% |
Fundamental Drivers
The 27.2% change in TCBI stock from 6/30/2025 to 1/29/2026 was primarily driven by a 141.1% change in the company's Net Income Margin (%).| (LTM values as of) | 6302025 | 1292026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.40 | 101.03 | 27.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 956 | 1,212 | 26.7% |
| Net Income Margin (%) | 10.3% | 24.8% | 141.1% |
| P/E Multiple | 37.2 | 15.4 | -58.7% |
| Shares Outstanding (Mil) | 46 | 46 | 0.9% |
| Cumulative Contribution | 27.2% |
Market Drivers
6/30/2025 to 1/29/2026| Return | Correlation | |
|---|---|---|
| TCBI | 27.2% | |
| Market (SPY) | 12.6% | 50.6% |
| Sector (XLF) | 2.6% | 63.1% |
Fundamental Drivers
The 29.2% change in TCBI stock from 12/31/2024 to 1/29/2026 was primarily driven by a 733.0% change in the company's Net Income Margin (%).| (LTM values as of) | 12312024 | 1292026 | Change |
|---|---|---|---|
| Stock Price ($) | 78.20 | 101.03 | 29.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 895 | 1,212 | 35.5% |
| Net Income Margin (%) | 3.0% | 24.8% | 733.0% |
| P/E Multiple | 135.6 | 15.4 | -88.7% |
| Shares Outstanding (Mil) | 46 | 46 | 1.1% |
| Cumulative Contribution | 29.2% |
Market Drivers
12/31/2024 to 1/29/2026| Return | Correlation | |
|---|---|---|
| TCBI | 29.2% | |
| Market (SPY) | 19.5% | 62.6% |
| Sector (XLF) | 12.0% | 70.2% |
Fundamental Drivers
The 67.5% change in TCBI stock from 12/31/2022 to 1/29/2026 was primarily driven by a 31.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312022 | 1292026 | Change |
|---|---|---|---|
| Stock Price ($) | 60.31 | 101.03 | 67.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 925 | 1,212 | 31.0% |
| Net Income Margin (%) | 19.5% | 24.8% | 27.3% |
| P/E Multiple | 16.7 | 15.4 | -7.9% |
| Shares Outstanding (Mil) | 50 | 46 | 9.2% |
| Cumulative Contribution | 67.5% |
Market Drivers
12/31/2022 to 1/29/2026| Return | Correlation | |
|---|---|---|
| TCBI | 67.5% | |
| Market (SPY) | 88.2% | 51.0% |
| Sector (XLF) | 63.7% | 68.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TCBI Return | 1% | 0% | 7% | 21% | 16% | 9% | 66% |
| Peers Return | 40% | -0% | 0% | 27% | 8% | 3% | 96% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 86% |
Monthly Win Rates [3] | |||||||
| TCBI Win Rate | 50% | 58% | 50% | 67% | 67% | 100% | |
| Peers Win Rate | 68% | 52% | 47% | 53% | 53% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| TCBI Max Drawdown | -8% | -18% | -27% | -14% | -22% | 0% | |
| Peers Max Drawdown | -1% | -15% | -33% | -8% | -21% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CFR, PB, EWBC, WTFC, ASB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 1/29/2026 (YTD)
How Low Can It Go
| Event | TCBI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -51.1% | -25.4% |
| % Gain to Breakeven | 104.6% | 34.1% |
| Time to Breakeven | 564 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -66.8% | -33.9% |
| % Gain to Breakeven | 201.5% | 51.3% |
| Time to Breakeven | 267 days | 148 days |
| 2018 Correction | ||
| % Loss | -52.6% | -19.8% |
| % Gain to Breakeven | 111.1% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -71.0% | -56.8% |
| % Gain to Breakeven | 245.0% | 131.3% |
| Time to Breakeven | 680 days | 1,480 days |
Compare to CFR, PB, EWBC, WTFC, ASB
In The Past
Texas Capital Bancshares's stock fell -51.1% during the 2022 Inflation Shock from a high on 3/12/2021. A -51.1% loss requires a 104.6% gain to breakeven.
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About Texas Capital Bancshares (TCBI)
Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. The company offers commercial banking, consumer banking, investment banking, and wealth management services. It offers business deposit products and services, including commercial checking accounts, lockbox accounts, and cash concentration accounts, as well as information, wire transfer initiation, ACH initiation, account transfer, and service integration services; 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 working capital, internal growth, acquisitions, and business insurance premiums, as well as consumer loans; loans to exploration and production companies; mortgage finance loans; commercial real estate and residential homebuilder finance loans; first and second lien loans for the purpose of purchasing or constructing 1-4 family residential dwellings, as well as home equity revolving lines of credit and loans to purchase lots for future construction of 1-4 family residential dwellings; and real estate loans originated through a small business administration program, as well as equipment finance and leasing services, and letters of credit. In addition, it offers online and mobile banking, and debit and credit card services; escrow services; personal wealth management and trust services; and depositors American Airlines AAdvantage miles. It operates in Austin, Fort Worth, Dallas, Houston, and San Antonio metropolitan areas of Texas. Texas Capital Bancshares, Inc. was incorporated in 1996 and is headquartered in Dallas, Texas.
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Here are 1-3 brief analogies for Texas Capital Bancshares (TCBI):
- A regional JPMorgan Chase, focused on commercial clients and private wealth management in Texas.
- Like Bank of America or Wells Fargo, but specialized in serving Texas businesses and affluent individuals.
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- Commercial Lending: Provides various types of loans to businesses, including commercial and industrial loans, real estate financing, and equipment lending.
- Mortgage Finance: Offers specialized financing solutions, such as warehouse lines of credit, to mortgage originators and servicers.
- Treasury Solutions: Delivers comprehensive cash management, payment processing, fraud prevention, and liquidity management services to business clients.
- Deposit Products: Provides a range of deposit accounts, including checking, savings, and money market accounts, for both businesses and individuals.
- Private Wealth Management: Offers personalized financial planning, investment management, trust services, and private banking to high-net-worth clients.
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Texas Capital Bancshares (TCBI) primarily serves other companies and specific categories of individuals. Its major customers can be categorized as follows:
- Commercial and Industrial Businesses: This category encompasses a wide range of public and private middle-market companies across various industries. TCBI provides these businesses with traditional commercial banking services, including corporate loans, lines of credit, treasury management, and other financial solutions tailored to their operational needs.
- Mortgage Finance Companies: A specialized and significant customer segment for TCBI, comprising independent mortgage bankers and originators. The bank provides these companies with specialized financing, primarily warehouse lines of credit, to fund their mortgage loan origination activities.
- High-Net-Worth Individuals and Families: Served through TCBI's Private Wealth Management division, this segment receives a suite of personalized financial services including private banking, investment management, trust and estate planning, and financial advisory services.
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- Q2 Holdings (QTWO)
- Amazon.com, Inc. (AMZN)
- Visa Inc. (V)
- Mastercard Incorporated (MA)
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HTML Output:Rob C. Holmes, Chairman, President & Chief Executive Officer
Mr. Holmes joined Texas Capital Bank as President and CEO in January 2021 and was appointed Chairman of the Board in April 2025. Prior to joining Texas Capital, he spent 31 years at JPMorgan Chase & Co. His most recent role at JPMorgan Chase was Global Head of Corporate Client Banking and Specialized Industries, a position he held since 2011. He also served as co-head of JPMorgan's North American Retail Industries Investment Banking practice and head of Investment Banking for the southern region of the U.S.
Matt Scurlock, Managing Director & Chief Financial Officer
Mr. Scurlock serves as Managing Director and Chief Financial Officer of Texas Capital and its parent company, Texas Capital Bancshares, Inc., a role he assumed in January 2022. He joined Texas Capital in 2013 and has held leadership positions across Corporate Finance, Risk, Treasury, and Strategy sectors for over fifteen years. Before his tenure at Texas Capital, he worked for Deloitte & Touche LLP, providing strategic consulting to financial services clients, and served as a Vice President in the Corporate Finance group for Zions Bancorporation.
Anna M. Alvarado-Pearce, Chief Legal Officer & Corporate Secretary
Ms. Alvarado-Pearce is the Chief Legal Officer and Corporate Secretary at Texas Capital, having joined the firm in October 2021. She is responsible for supervising all legal services, advising the Board of Directors, and ensuring compliance with securities and banking regulations. Previously, she served as the global general counsel for FirstCash, Inc., where she oversaw international expansion and several domestic acquisitions. Her earlier career included roles as an attorney at Texas-based firms Tanner & Associates PC and Hill Gilstrap PC.
Daniel S. Hoverman, Head of Corporate & Investment Banking
Mr. Hoverman is the Head of Corporate & Investment Banking at Texas Capital Bancshares, Inc., and Texas Capital, joining in August 2021. He also serves as Managing Partner and President of TCBI Securities, Inc. With over 20 years of experience, he previously served as Managing Director, Head of Corporate Advisory and Sponsors Coverage at Regions Bank. His background also includes financial and legal roles at Houlihan Lokey, Credit Suisse, UBS Investment Bank, and Kirkland & Ellis.
David Oman, Chief Risk Officer
Mr. Oman assumed the role of Chief Risk Officer at Texas Capital in June 2024. He oversees the firm's risk functions, enterprise risk management practices, and regulatory compliance, bringing over 30 years of experience in financial and non-financial risk management. Prior to joining Texas Capital, Mr. Oman was a Managing Director in the Financial Risk Practice at PricewaterhouseCoopers (PwC). He has held significant risk management positions at global banks such as Bank of New York Mellon, Credit Suisse AG, Bank of America Merrill Lynch, and UBS, and began his banking career at one of the predecessor J.P. Morgan banks.
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The key risks to Texas Capital Bancshares (TCBI) primarily revolve around its profitability in a changing economic environment, the composition of its deposits, and its ability to meet strategic financial goals. The most significant risk is the **pressure on net interest income and net interest margin due to interest rate fluctuations and high deposit costs**. JPMorgan identified TCBI as a short opportunity, citing challenges in mortgage loan activity and elevated deposit costs that could impact net interest income. Analysts also anticipate that expected interest rate cuts in 2026 could compress net interest margins, thereby affecting the bank's ability to achieve its profitability targets. Furthermore, the banking sector generally faces risks associated with fluctuating interest rates and regulatory changes. Texas Capital Bancshares has already experienced increased funding costs, with the average cost of total deposits rising in 2024. A second key risk is the **high percentage of uninsured deposits, posing a potential vulnerability to bank runs**. A significant 41% of TCBI's deposits are uninsured, which could expose the company to a bank run if market sentiment turns uncertain about its stability. Finally, the company faces **challenges in achieving its long-term profitability targets and growing its fee income**. Texas Capital Bancshares has been reported to be falling short of its strategic goals for Return on Average Assets (ROA) and Return on Tangible Common Equity (ROTCE). There is also uncertainty regarding the growth of fee income, which could hinder the bank's efforts to diversify its revenue streams and reduce its reliance on interest income. This challenge is compounded by a decline in non-interest income recorded in 2024.AI Analysis | Feedback
The clear emerging threat for Texas Capital Bancshares is the accelerating shift of consumers and businesses towards digital-first banking platforms, including neobanks, challenger banks, and the highly developed digital offerings from larger national banks. These competitors are leveraging superior technology, user interfaces, and often lower fee structures or higher interest rates to attract and retain customers, thereby eroding the traditional competitive advantages (such as branch networks and localized relationship banking) relied upon by regional banks like TCBI. This trend threatens TCBI's ability to acquire and retain deposits, compete for lending opportunities, and maintain its customer base by setting a new, higher standard for banking convenience and digital experience.
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Texas Capital Bancshares (TCBI) operates in several key financial markets, primarily within Texas and across the United States. The addressable markets for its main products and services are sized as follows:
Commercial Banking
- Texas: The commercial banking industry in Texas is projected to have a market size of $108.7 billion in 2025. This market has shown an average annual growth rate of 7.2% from 2020 to 2025.
- United States: The U.S. commercial banking market size is estimated at $732.5 billion in 2025 and is forecasted to reach $915.45 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.56%.
Treasury Management
As a component of commercial banking services, treasury management offerings serve a significant market:
- Global: The global treasury management market is projected to reach $5,105 million in 2024 and is expected to grow to $14,870.41 million by 2032, at a CAGR of 14.30%. North America is anticipated to hold the largest share of this market in 2025.
- North America (Treasury Software): The treasury software market, which supports treasury management, was dominated by North America with a 41.55% revenue share in 2024. The global treasury software market size was valued at $3.67 billion in 2024.
Private Banking and Wealth Management
- United States (Private Banking): The U.S. private banking market size is estimated at $59.54 billion in 2025 and is projected to reach $94.89 billion by 2030, with a CAGR of 9.77%. Another estimate places the U.S. private banking market size at $127.6 billion in 2025, with a projection to rise to $218.4 billion by 2032, at a CAGR of 8.0%.
- North America (Wealth Management): The broader global wealth management market was valued at $1.25 trillion in 2020 and is estimated to reach $3.43 trillion by 2030, at a CAGR of 10.7%. North America held the largest share of this market in 2020.
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Here are 3-5 expected drivers of future revenue growth for Texas Capital Bancshares (TCBI) over the next 2-3 years:- Expansion of Client Relationships and Commercial Loan Growth: Texas Capital Bancshares is focused on strategic client acquisition, particularly within the commercial sector. The company has demonstrated strong client acquisition trends, with commercial loans showing significant year-over-year growth. This emphasis on securing holistic client relationships with "the best clients" is expected to drive continued revenue growth.
- Growth in Investment Banking and Advisory Services: The company has seen broad contributions and significant improvements in adjusted non-interest revenue from its investment banking platform. This business is described as increasingly broad in product and client offerings, more granular, and more repeatable. Continued strategic investments in products, services, and talent within investment banking are anticipated to further augment fee income.
- Advancement of the Treasury Solutions Platform: The deliberate evolution of Texas Capital's Treasury Solutions platform is identified as a critical investment and a foundation of its transformation. This platform has consistently proven successful, with gross payment revenues increasing for two consecutive years, and is expected to continue driving significant fee income growth.
- Strategic Investments in Wealth Management: Texas Capital Bancshares has been making strategic investments in its wealth management platform, with the private wealth business expected to be fully developed by the end of 2024. These investments are set to contribute to the company's non-interest income and overall revenue diversification.
- Diversified and Resilient Earnings Platform: The ongoing strategic transformation of Texas Capital Bancshares is aimed at building a cohesive and diversified earnings platform that is more resilient to market and rate cycles. This strategy is designed to structurally elevate the company's earnings power and drive consistent client engagement across various market conditions, ultimately leading to sustained low double-digit revenue growth.
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Share Repurchases
- Texas Capital Bancshares' board of directors authorized a new share repurchase program on January 22, 2025, allowing for the buyback of up to $200.0 million in outstanding common stock through January 31, 2026. This new program superseded the previous authorization from January 17, 2024.
- In the third quarter of 2025, the company repurchased 87,087 shares of common stock for approximately $7.1 million.
- During the first quarter of 2025, approximately 396,000 shares were repurchased for $31.2 million, at a weighted average price of $78.25 per share.
Outbound Investments
- The firm completed a strategic acquisition of a healthcare loan portfolio.
- Texas Capital has expanded its capabilities by launching new offerings such as Texas Capital Securities' Public Finance team and Energy Equity Research.
- Since 2021, the company has strategically invested in establishing and growing its commercial banking, consumer banking, investment banking, and wealth management capabilities.
Capital Expenditures
- The company has aggressively invested in building an agile, cloud-native technology platform to enhance client onboarding efficiency.
- Significant investments have been made in the treasury services operation, leading to an industry-leading suite of cash management and payment solutions, including a new corporate card program launched in 2024.
- Improvements have been made to its SBA lending platform to offer expanded options for smaller businesses and the firm continues to make strategic investments in its wealth management platform.
Latest Trefis Analyses
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| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 107.72 |
| Mkt Cap | 7.7 |
| Rev LTM | 1,701 |
| Op Inc LTM | - |
| FCF LTM | 400 |
| FCF 3Y Avg | 483 |
| CFO LTM | 435 |
| CFO 3Y Avg | 556 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.2% |
| Rev Chg 3Y Avg | 11.0% |
| Rev Chg Q | 15.5% |
| QoQ Delta Rev Chg LTM | 3.9% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 32.8% |
| CFO/Rev 3Y Avg | 39.1% |
| FCF/Rev LTM | 31.0% |
| FCF/Rev 3Y Avg | 35.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.7 |
| P/S | 4.0 |
| P/EBIT | - |
| P/E | 13.3 |
| P/CFO | 15.4 |
| Total Yield | 9.0% |
| Dividend Yield | 2.5% |
| FCF Yield 3Y Avg | 9.3% |
| D/E | 0.3 |
| Net D/E | -0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.2% |
| 3M Rtn | 13.2% |
| 6M Rtn | 14.0% |
| 12M Rtn | 13.4% |
| 3Y Rtn | 51.0% |
| 1M Excs Rtn | 3.8% |
| 3M Excs Rtn | 12.4% |
| 6M Excs Rtn | 2.9% |
| 12M Excs Rtn | -1.0% |
| 3Y Excs Rtn | -23.7% |
Price Behavior
Price Behavior
| Market Price | $101.03 | |
| Market Cap ($ Bil) | 4.6 | |
| First Trading Date | 08/14/2003 | |
| Distance from 52W High | -1.2% | |
| 50 Days | 200 Days | |
| DMA Price | $93.83 | $83.81 |
| DMA Trend | up | up |
| Distance from DMA | 7.7% | 20.5% |
| 3M | 1YR | |
| Volatility | 27.5% | 32.3% |
| Downside Capture | 44.86 | 116.93 |
| Upside Capture | 158.59 | 124.81 |
| Correlation (SPY) | 50.3% | 64.5% |
TCBI Betas & Captures as of 12/31/2025
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.39 | 1.18 | 1.54 | 1.45 | 1.07 | 1.20 |
| Up Beta | 1.38 | 0.34 | 1.06 | 1.34 | 0.76 | 1.07 |
| Down Beta | 1.38 | 1.34 | 1.99 | 1.91 | 1.30 | 1.17 |
| Up Capture | 149% | 178% | 167% | 128% | 133% | 191% |
| Bmk +ve Days | 11 | 23 | 37 | 72 | 143 | 431 |
| Stock +ve Days | 10 | 22 | 36 | 68 | 135 | 390 |
| Down Capture | 131% | 106% | 134% | 128% | 113% | 107% |
| Bmk -ve Days | 11 | 18 | 27 | 55 | 108 | 320 |
| Stock -ve Days | 12 | 19 | 28 | 58 | 115 | 360 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TCBI | |
|---|---|---|---|---|
| TCBI | 28.3% | 32.3% | 0.81 | - |
| Sector ETF (XLF) | 5.5% | 19.1% | 0.15 | 70.7% |
| Equity (SPY) | 15.9% | 19.2% | 0.64 | 64.5% |
| Gold (GLD) | 96.0% | 20.8% | 3.15 | -2.4% |
| Commodities (DBC) | 15.3% | 15.5% | 0.72 | 33.0% |
| Real Estate (VNQ) | 3.8% | 16.5% | 0.05 | 55.8% |
| Bitcoin (BTCUSD) | -12.7% | 39.6% | -0.25 | 31.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TCBI | |
|---|---|---|---|---|
| TCBI | 8.5% | 36.5% | 0.31 | - |
| Sector ETF (XLF) | 13.9% | 18.8% | 0.61 | 68.8% |
| Equity (SPY) | 14.1% | 17.1% | 0.66 | 51.6% |
| Gold (GLD) | 23.5% | 15.8% | 1.20 | -1.6% |
| Commodities (DBC) | 13.3% | 18.7% | 0.58 | 14.9% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 45.7% |
| Bitcoin (BTCUSD) | 21.8% | 57.5% | 0.57 | 16.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TCBI | |
|---|---|---|---|---|
| TCBI | 11.5% | 42.2% | 0.41 | - |
| Sector ETF (XLF) | 14.3% | 22.3% | 0.59 | 73.2% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 55.3% |
| Gold (GLD) | 16.8% | 14.9% | 0.94 | -10.1% |
| Commodities (DBC) | 9.2% | 17.6% | 0.43 | 26.2% |
| Real Estate (VNQ) | 6.1% | 20.8% | 0.26 | 47.2% |
| Bitcoin (BTCUSD) | 71.2% | 66.5% | 1.10 | 13.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/22/2026 | -0.0% | ||
| 10/22/2025 | 3.0% | 1.6% | 3.4% |
| 7/17/2025 | 4.5% | 3.0% | -1.2% |
| 4/17/2025 | 1.4% | 4.7% | 16.4% |
| 1/23/2025 | -4.5% | -2.5% | -1.2% |
| 10/17/2024 | 2.7% | -1.3% | 13.3% |
| 7/18/2024 | -6.6% | -7.9% | -14.0% |
| 4/18/2024 | 0.1% | 7.5% | 11.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 14 | 15 |
| # Negative | 11 | 9 | 8 |
| Median Positive | 3.0% | 3.8% | 11.5% |
| Median Negative | -4.1% | -6.3% | -5.0% |
| Max Positive | 9.6% | 31.6% | 39.2% |
| Max Negative | -11.6% | -8.1% | -14.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/17/2025 | 10-Q |
| 03/31/2025 | 04/17/2025 | 10-Q |
| 12/31/2024 | 02/11/2025 | 10-K |
| 09/30/2024 | 10/17/2024 | 10-Q |
| 06/30/2024 | 07/18/2024 | 10-Q |
| 03/31/2024 | 04/18/2024 | 10-Q |
| 12/31/2023 | 02/13/2024 | 10-K |
| 09/30/2023 | 10/19/2023 | 10-Q |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/20/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-K |
| 09/30/2022 | 10/20/2022 | 10-Q |
| 06/30/2022 | 07/21/2022 | 10-Q |
| 03/31/2022 | 04/21/2022 | 10-Q |
| 12/31/2021 | 02/09/2022 | 10-K |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stallings, Robert W | SCG Ventures LP | Buy | 10302025 | 20.83 | 5,000 | 104,150 | 5,747,268 | Form | |
| 2 | Stallings, Robert W | SCG Ventures LP | Buy | 10282025 | 20.61 | 10,000 | 206,100 | 5,480,467 | Form | |
| 3 | Stallings, Robert W | SCG Ventures LP | Buy | 10282025 | 20.68 | 5,000 | 103,400 | 5,602,481 | Form | |
| 4 | Stallings, Robert W | Stallings Foundation | Buy | 7022025 | 20.28 | 10,500 | 212,940 | 1,216,800 | Form | |
| 5 | Stallings, Robert W | SCG Ventures LP | Buy | 6042025 | 19.78 | 7,000 | 138,460 | 5,061,959 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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