Texas Capital Bancshares (TCBI)
Market Price (4/29/2026): $100.8 | Market Cap: $4.4 BilSector: Financials | Industry: Regional Banks
Texas Capital Bancshares (TCBI)
Market Price (4/29/2026): $100.8Market Cap: $4.4 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 8.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8%, FCF Yield is 9.8% 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 -47% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 36% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34% Low stock price volatilityVol 12M is 29% 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 -4.9%, Dist 3Y High is -4.9% 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. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8%, FCF Yield is 9.8% |
| 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 -47% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 36% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34% |
| Low stock price volatilityVol 12M is 29% |
| 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 -4.9%, Dist 3Y High is -4.9% |
| 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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1. Strong Q1 2026 Earnings Beat Driven by Higher Net Interest Income and Robust Non-Interest Revenue.
Texas Capital Bancshares reported adjusted earnings per share (EPS) of $1.58 for Q1 2026, surpassing analyst estimates of $1.43 by $0.15 per share. Net income available to common stockholders increased significantly by 63% year-over-year to $69.5 million. This strong performance was fueled by a 7.9% year-over-year increase in net interest income to $254.7 million, and a substantial 55.9% rise in non-interest income to $69.3 million, primarily from investment banking, trading, and service fee revenues. The net interest margin also improved by 24 basis points year-over-year to 3.43%.
2. Initiation of a Quarterly Common Stock Dividend and Share Repurchases Signaling Management Confidence.
In Q1 2026, Texas Capital Bancshares announced its first-ever quarterly common stock cash dividend of $0.20 per share, effective for shareholders of record on June 1, 2026, and payable on June 15, 2026. This action, coupled with the repurchase of 770,423 shares for an aggregate of $75.1 million at a weighted average price of $96.82 per share during the quarter, indicates management's confidence in the company's sustainable earnings generation and strong capital position.
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Stock Movement Drivers
Fundamental Drivers
The 11.3% change in TCBI stock from 12/31/2025 to 4/28/2026 was primarily driven by a 10.8% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 4282026 | Change |
|---|---|---|---|
| Stock Price ($) | 90.54 | 100.76 | 11.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,212 | 1,299 | 7.2% |
| Net Income Margin (%) | 24.8% | 27.5% | 10.8% |
| P/E Multiple | 13.8 | 12.4 | -9.6% |
| Shares Outstanding (Mil) | 46 | 44 | 3.7% |
| Cumulative Contribution | 11.3% |
Market Drivers
12/31/2025 to 4/28/2026| Return | Correlation | |
|---|---|---|
| TCBI | 11.3% | |
| Market (SPY) | 5.2% | 38.8% |
| Sector (XLF) | -4.8% | 65.7% |
Fundamental Drivers
The 19.2% change in TCBI stock from 9/30/2025 to 4/28/2026 was primarily driven by a 104.3% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 4282026 | Change |
|---|---|---|---|
| Stock Price ($) | 84.53 | 100.76 | 19.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 997 | 1,299 | 30.3% |
| Net Income Margin (%) | 13.4% | 27.5% | 104.3% |
| P/E Multiple | 28.9 | 12.4 | -56.9% |
| Shares Outstanding (Mil) | 46 | 44 | 3.8% |
| Cumulative Contribution | 19.2% |
Market Drivers
9/30/2025 to 4/28/2026| Return | Correlation | |
|---|---|---|
| TCBI | 19.2% | |
| Market (SPY) | 8.0% | 47.3% |
| Sector (XLF) | -2.9% | 67.5% |
Fundamental Drivers
The 34.9% change in TCBI stock from 3/31/2025 to 4/28/2026 was primarily driven by a 230.5% change in the company's Net Income Margin (%).| (LTM values as of) | 3312025 | 4282026 | Change |
|---|---|---|---|
| Stock Price ($) | 74.70 | 100.76 | 34.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 932 | 1,299 | 39.4% |
| Net Income Margin (%) | 8.3% | 27.5% | 230.5% |
| P/E Multiple | 44.5 | 12.4 | -72.1% |
| Shares Outstanding (Mil) | 46 | 44 | 4.8% |
| Cumulative Contribution | 34.9% |
Market Drivers
3/31/2025 to 4/28/2026| Return | Correlation | |
|---|---|---|
| TCBI | 34.9% | |
| Market (SPY) | 29.3% | 59.2% |
| Sector (XLF) | 5.7% | 69.1% |
Fundamental Drivers
The 105.8% change in TCBI stock from 3/31/2023 to 4/28/2026 was primarily driven by a 68.0% change in the company's P/E Multiple.| (LTM values as of) | 3312023 | 4282026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.96 | 100.76 | 105.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 977 | 1,299 | 33.0% |
| Net Income Margin (%) | 34.0% | 27.5% | -19.3% |
| P/E Multiple | 7.4 | 12.4 | 68.0% |
| Shares Outstanding (Mil) | 50 | 44 | 14.1% |
| Cumulative Contribution | 105.8% |
Market Drivers
3/31/2023 to 4/28/2026| Return | Correlation | |
|---|---|---|
| TCBI | 105.8% | |
| Market (SPY) | 81.5% | 50.7% |
| Sector (XLF) | 69.3% | 67.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TCBI Return | 1% | 0% | 7% | 21% | 16% | 11% | 69% |
| Peers Return | 40% | -0% | 0% | 27% | 8% | 9% | 108% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 91% |
Monthly Win Rates [3] | |||||||
| TCBI Win Rate | 50% | 58% | 50% | 67% | 67% | 50% | |
| Peers Win Rate | 68% | 52% | 47% | 53% | 53% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| TCBI Max Drawdown | -8% | -18% | -27% | -14% | -22% | 0% | |
| Peers Max Drawdown | -1% | -15% | -33% | -8% | -21% | -5% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[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 4/28/2026 (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 | 2,597 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)
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Here are 1-3 brief analogies to describe Texas Capital Bancshares (TCBI):
- A Texas-focused JPMorgan Chase.
- Bank of America, but concentrated in Texas.
- The Wells Fargo of Texas.
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Texas Capital Bancshares (TCBI) offers a range of financial products and services primarily categorized as follows:
- Commercial Banking Services:
- Business Deposit Accounts: Provides various checking, lockbox, and cash concentration accounts tailored for businesses.
- Commercial & Specialized Loans: Offers financing for general corporate purposes, exploration and production companies, mortgage finance, commercial real estate, residential homebuilders, and small business administration (SBA) real estate.
- Equipment Finance & Leasing: Delivers financing and leasing solutions for business equipment.
- Business Support Services: Includes services such as wire transfer initiation, ACH initiation, account transfers, and escrow services.
- Letters of Credit: Provides financial guarantees for commercial transactions.
- Consumer Banking Services:
- Consumer Deposit Accounts: Offers checking, savings, money market, and certificate of deposit accounts for individual customers.
- Consumer Loans: Provides personal loans, residential mortgage loans, home equity lines of credit, and loans for purchasing residential lots.
- Digital Banking & Card Services: Includes online and mobile banking platforms, along with debit and credit card services.
- Investment Banking Services: Offers investment banking solutions to businesses.
- Wealth Management Services:
- Personal Wealth Management & Trust: Delivers comprehensive wealth management and trust administration services for individuals.
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Rob C. Holmes, Chairman, President & Chief Executive Officer
Mr. Holmes joined Texas Capital in January 2021 and has since led a comprehensive transformation of the firm. Before joining Texas Capital, he had a 31-year career at JPMorgan Chase & Co. Most recently, he served as global head of Corporate Client Banking and Specialized Industries, overseeing global treasury management services and credit and investment banking solutions for clients across North America, Europe, and Asia. He also previously served as co-head of JPMorgan's North American Retail Industries Investment Banking practice and as head of Investment Banking for the southern region of the U.S.
Matt Scurlock, Chief Financial Officer
Mr. Scurlock transitioned into the role of Chief Financial Officer effective January 1, 2022. He joined Texas Capital Bank in 2013 and previously held positions including Executive Vice President, Corporate Treasurer, and Director of Finance, where he led the development of the Bank's Capital Analytics and Stress Testing group. Prior to his tenure at Texas Capital Bank, Mr. Scurlock worked for Deloitte & Touche LLP, providing strategic consulting to financial services clients, and served as a leader in the Corporate Finance group at Zions Bancorporation.
Anna M. Alvarado-Pearce, Chief Legal Officer & Corporate Secretary
Jay Clingman, Head of Commercial Banking
Daniel Hoverman, Head of Corporate & Investment Banking
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The key risks to Texas Capital Bancshares (TCBI) primarily stem from its core banking operations, geographic concentration, and the highly regulated financial environment.
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Interest Rate Risk and Net Interest Margin Pressure
As a financial institution, Texas Capital Bancshares is highly exposed to fluctuations in interest rates. Changes in interest rates can significantly affect its net interest income, the value of its interest-sensitive assets and liabilities, and the cost of deposits. Anticipated interest rate cuts, for example, could lead to compression of net interest margins, directly impacting the bank's profitability and ability to meet revenue targets. Managing this risk through effective asset-liability strategies is crucial for maintaining financial stability.
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Geographic and Credit Concentration
Texas Capital Bancshares' operations and loan portfolio exhibit a significant concentration in the Texas metropolitan areas, including Austin, Fort Worth, Dallas, Houston, and San Antonio. This geographic focus makes the company particularly vulnerable to localized economic downturns or adverse events specific to the Texas economy. Furthermore, its exposure to commercial loans, including commercial real estate (CRE) and the energy sector, heightens credit risk if these sectors experience volatility or deterioration in economic conditions. Concerns about the credit quality in commercial real estate portfolios have been noted as an evolving downside risk for Texas banks.
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Regulatory and Compliance Risks
The banking industry is subject to extensive and complex regulations, and Texas Capital Bancshares must continuously monitor and adapt to changes in this regulatory environment. Regulatory changes can lead to significant implications for the bank's operations, increase compliance costs, and affect its strategic flexibility. Regulatory scrutiny can also lead to corrective actions, such as those seen in other Texas banks, involving capital management, credit risk, and liquidity controls. Moreover, the development and adoption of new technologies, such as AI, introduce new regulatory uncertainties that the company must navigate.
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The proliferation of digital-only banks (neobanks) and specialized online lenders offering more convenient, faster, and often lower-cost financial products and services, which directly challenges traditional banks' core deposit, lending, and payment businesses.
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Texas Capital Bancshares (TCBI) operates in several key financial services markets, primarily within Texas. Here are the estimated addressable market sizes for their main products and services:
- Commercial Banking: The Commercial Banking industry in Texas is projected to have a market size of approximately $108.7 billion in 2026. This market encompasses business deposit products, commercial and industrial loans, and other related services. The U.S. commercial banking market in Texas has shown significant growth and is expected to exceed national growth rates through 2031. The South and Southwest regions of the U.S., including Texas, are the fastest-growing areas for commercial banking, with combined loan balances increasing by over 5.85% annually.
- Consumer Banking: This service, including consumer deposit products and consumer loans, is often integrated within broader commercial banking operations in Texas. The estimated market size for the Commercial Banking industry in Texas, as mentioned above ($108.7 billion in 2026), includes consumer loans.
- Investment Banking: The U.S. investment banking market is estimated to be between approximately USD 54.74 billion and USD 135 billion. Specifically, it is expected to grow from USD 56.68 billion in 2026 to USD 67.47 billion by 2031. North America held a significant share of the global investment banking market, valued at USD 44.72 billion in 2025 and USD 47.76 billion in 2026. While specific Texas investment banking market figures are not available, Dallas-Fort Worth is emerging as a significant U.S. financial hub.
- Wealth Management Services: The global wealth management market was valued at $1.25 trillion in 2020 and is projected to reach $3.43 trillion by 2030. North America dominated the global market in 2020. Within Texas, the Dallas/Fort Worth market is a rapidly growing wealth hub, ranking as the seventh-largest in the country with over 2,330 ultra-high net worth households.
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Texas Capital Bancshares (TCBI) anticipates several key drivers for future revenue growth over the next two to three years. These drivers are largely focused on strategic investments and expanding its client relationships and service offerings. The expected drivers of future revenue growth for Texas Capital Bancshares include:- Growth in Fee Income Areas: The company expects continued substantial growth in its fee income, particularly from treasury product fees and investment banking services. This growth is supported by investments in product capabilities, technology platforms, and talent. Management projects full-year non-interest revenue to reach between $265 million and $290 million in 2026.
- Industry-Leading Client Adoption and Acquisition: Texas Capital Bancshares is focused on robust client acquisition and deepening primary operating relationships with its target clients. This strategy is expected to drive loan portfolio expansion and revenue growth, as evidenced by strong growth in treasury product fees linked to client adoption.
- Expansion of Investment Banking Platform: The company's strategic focus on expanding its investment banking platform and enhancing product offerings is a significant contributor to its financial results. This includes increased transaction volumes across capital markets, capital solutions, and syndications.
- Commercial Loan Growth: Despite anticipated moderation in commercial real estate loan balances, the company is focused on risk-appropriate and return-accretive commercial loan portfolio expansion. Commercial loan balances expanded in Q4 2025 and are expected to continue contributing to overall revenue growth.
- Realized Scale from Multi-Year Platform Investments: TCBI's outlook for 2026 reflects continued realization of scale from multi-year platform investments. These past investments are expected to contribute to total revenue growth in the mid to high single-digit range, indicating enhanced operational efficiency and capacity to serve clients.
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## Capital Allocation Decisions for Texas Capital Bancshares (TCBI)Share Repurchases
- Texas Capital Bancshares authorized a new share repurchase program for calendar year 2026, allowing the company to repurchase up to $200 million of its outstanding common stock. This program became effective on December 12, 2025, and will expire on December 31, 2026.
- This new 2026 program replaces a previous $200 million repurchase program that was announced on January 22, 2025, and was set to expire on January 31, 2026.
- As of December 1, 2025, approximately 2.0 million shares had been repurchased at a total cost of $164 million under the then-current program. The company also repurchased about 2.2 million shares in 2025. In July 2025, approximately 396,000 shares were repurchased for $31 million.
Share Issuance
- On February 24, 2026, Texas Capital Bancshares completed a public offering of $400 million in 5.301% Fixed-to-Floating Rate Senior Notes due 2032 to fund general corporate purposes.
- In March 2026, a director, Robert W. Stallings, purchased 25,500 Depositary Shares for Series B Preferred Stock for a total of $579,200. Another director, Paola M. Arbour, acquired 1,000 shares of common stock on March 11, 2026, for $91,500. In February 2026, Robert W. Stallings also reported the purchase of 40,000 Depositary Shares for Series B Preferred shares for approximately $888,000. In May 2024, Robert W. Stallings acquired 1,000 depositary shares for Series B Preferred Stock for approximately $19,529.
Outbound Investments
- Texas Capital Bancshares agreed to acquire a portfolio of approximately $400 million in committed exposure to companies in the healthcare sector, with the transaction expected to close in September 2024. This strategic acquisition aligns with the firm's multi-year expansion of its corporate banking healthcare vertical.
Capital Expenditures
- The company continues to make investments in automation, data, and artificial intelligence to empower its bankers and deliver financial solutions with greater precision, speed, and insight.
- Texas Capital Bancshares also made significant multi-year investments to enhance its treasury solutions platform, resulting in leading growth in primary operating relationships, revenue, and client deposits.
- In 2025, the company opened an office in Los Angeles and plans to open an office in Chicago and New York in 2026.
Latest Trefis Analyses
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| 03312026 | HBAN | Huntington Bancshares | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
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| 03202026 | RYAN | Ryan Specialty | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -2.7% | -2.7% | -8.5% |
| 03062026 | TCBI | Texas Capital Bancshares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 3.2% | 3.2% | -1.1% |
| 05312023 | TCBI | Texas Capital Bancshares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 16.8% | 26.2% | 0.0% |
| 07312022 | TCBI | Texas Capital Bancshares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 8.0% | 8.9% | -25.4% |
| 10312021 | TCBI | Texas Capital Bancshares | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -15.2% | -1.0% | -18.2% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 112.84 |
| Mkt Cap | 7.8 |
| Rev LTM | 1,857 |
| Op Inc LTM | - |
| FCF LTM | 548 |
| FCF 3Y Avg | 513 |
| CFO LTM | 583 |
| CFO 3Y Avg | 568 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.0% |
| Rev Chg 3Y Avg | 9.0% |
| Rev Chg Q | 12.3% |
| QoQ Delta Rev Chg LTM | 2.9% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 38.0% |
| CFO/Rev 3Y Avg | 42.6% |
| FCF/Rev LTM | 36.3% |
| FCF/Rev 3Y Avg | 39.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.8 |
| P/S | 3.9 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 12.3 |
| P/CFO | 11.3 |
| Total Yield | 9.7% |
| Dividend Yield | 2.4% |
| FCF Yield 3Y Avg | 10.6% |
| D/E | 0.2 |
| Net D/E | -0.6 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 11.0% |
| 3M Rtn | 5.0% |
| 6M Rtn | 17.7% |
| 12M Rtn | 33.2% |
| 3Y Rtn | 89.6% |
| 1M Excs Rtn | -1.1% |
| 3M Excs Rtn | 2.7% |
| 6M Excs Rtn | 12.0% |
| 12M Excs Rtn | 5.2% |
| 3Y Excs Rtn | 13.5% |
Price Behavior
| Market Price | $100.76 | |
| Market Cap ($ Bil) | 4.5 | |
| First Trading Date | 08/14/2003 | |
| Distance from 52W High | -4.9% | |
| 50 Days | 200 Days | |
| DMA Price | $97.65 | $91.37 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 3.2% | 10.3% |
| 3M | 1YR | |
| Volatility | 30.0% | 29.2% |
| Downside Capture | 0.54 | 0.57 |
| Upside Capture | 84.45 | 115.80 |
| Correlation (SPY) | 39.7% | 50.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.43 | 0.79 | 0.91 | 1.20 | 1.04 | 1.14 |
| Up Beta | 0.34 | -0.09 | 1.41 | 1.18 | 0.76 | 1.01 |
| Down Beta | 0.13 | 0.33 | 0.73 | 1.37 | 1.33 | 1.16 |
| Up Capture | 79% | 119% | 113% | 140% | 126% | 192% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 12 | 23 | 35 | 71 | 140 | 393 |
| Down Capture | 41% | 105% | 73% | 97% | 105% | 104% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 10 | 19 | 27 | 54 | 110 | 355 |
[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 | 46.8% | 29.1% | 1.33 | - |
| Sector ETF (XLF) | 9.7% | 14.7% | 0.41 | 66.1% |
| Equity (SPY) | 31.5% | 12.5% | 1.92 | 51.2% |
| Gold (GLD) | 38.6% | 27.2% | 1.18 | -2.3% |
| Commodities (DBC) | 45.9% | 18.0% | 1.95 | 0.9% |
| Real Estate (VNQ) | 14.4% | 13.4% | 0.75 | 35.9% |
| Bitcoin (BTCUSD) | -19.0% | 42.1% | -0.39 | 30.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TCBI | |
|---|---|---|---|---|
| TCBI | 8.6% | 35.7% | 0.31 | - |
| Sector ETF (XLF) | 10.0% | 18.7% | 0.42 | 69.0% |
| Equity (SPY) | 12.9% | 17.1% | 0.59 | 52.4% |
| Gold (GLD) | 20.2% | 17.8% | 0.92 | -1.2% |
| Commodities (DBC) | 14.8% | 19.1% | 0.63 | 13.5% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 46.5% |
| Bitcoin (BTCUSD) | 7.3% | 56.2% | 0.35 | 16.9% |
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 | 9.0% | 41.7% | 0.35 | - |
| Sector ETF (XLF) | 12.7% | 22.2% | 0.53 | 73.3% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 55.1% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | -8.3% |
| Commodities (DBC) | 9.9% | 17.7% | 0.46 | 24.3% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 47.4% |
| Bitcoin (BTCUSD) | 67.8% | 66.9% | 1.07 | 14.0% |
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 |
| 4/23/2026 | 1.0% | ||
| 1/22/2026 | -0.0% | -3.3% | 2.7% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 15 |
| # Negative | 11 | 10 | 8 |
| Median Positive | 3.0% | 4.1% | 11.5% |
| Median Negative | -4.1% | -6.2% | -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 |
|---|---|---|
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 02/10/2026 | 10-K |
| 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 |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Dividends | 0.2 | Higher New | Actual: 0 for Q1 2026 | ||||
| 2026 Share Repurchases | 200.00 Mil | ||||||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Arbour, Paola M | Direct | Buy | 3122026 | 91.50 | 1,000 | 91,500 | 610,396 | Form | |
| 2 | Stallings, Robert W | Direct | Buy | 3092026 | 22.80 | 5,500 | 125,400 | 3,991,984 | Form | |
| 3 | Stallings, Robert W | Direct | Buy | 3092026 | 22.69 | 20,000 | 453,800 | 3,847,929 | Form | |
| 4 | Stallings, Robert W | Direct | Buy | 3052026 | 22.51 | 15,000 | 337,650 | 3,367,203 | Form | |
| 5 | Stallings, Robert W | Direct | Buy | 3052026 | 22.11 | 30,000 | 663,300 | 2,975,719 | 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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