Texas Capital Bancshares (TCBI) Q2 2026 earnings summary

Executive summary

• Net income available to common stockholders rose to $80.6 million in Q2 2026, up 10% year-over-year, with adjusted net income at $82.7 million and adjusted EPS up 15% to $1.88.

• Record fee income increased 28-29% year-over-year, reaching $60.5 million and contributing to total revenue growth.

• Book value per share reached a record $77.01, up 10% year-over-year, with tangible book value per share also up 10%.

• Operational efficiency improved, with the adjusted efficiency ratio at 60.4%, down from prior periods.

• Strategic focus on durable, less rate-sensitive revenue streams and technology innovation, including a new Chief Digital and Information Officer.

Financial highlights

• Total revenue increased 9% year-over-year to $335.5 million, driven by 3% growth in net interest income and 34-39% growth in non-interest revenue.

• Net interest income for Q2 2026 was $260.4 million, up from $253.4 million in Q2 2025.

• Non-interest income rose to $75.1 million, up $21.0 million year-over-year, representing 22% of total revenue.

• Pre-provision net revenue grew 10-11% year-over-year to $132.7 million.

• Diluted EPS was $1.83, up from $1.58 in Q2 2025; adjusted diluted EPS was $1.88.

Outlook and guidance

• Full-year revenue growth expected in the mid to high single digits, with non-interest revenue guidance raised to $270-$290 million.

• Non-interest expense growth anticipated in the mid-single digits, reflecting ongoing investments in talent and technology.

• Provision for credit losses (excluding mortgage finance) expected at 35-40 basis points of average LHI.

• Net interest income for Q3 guided to $265-$270 million, with margin expected to dip to 320-325 basis points before rebounding in Q4.

• Management expects continued momentum, citing platform durability and solution diversity.