Texas Capital Bancshares (TCBI)

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Eric Rothmann

www.zacks.com

Texas Capital Bancshares (TCBI) is a bank holding company headquartered in Dallas. The bank was formed at the end of 1998 with the idea that a bank with local business and community ties could better serve the Texas marketplace than its nationally managed counterparts. TCBI focuses on the five major metropolitan areas of Texas, aiming to serve local middle-market businesses and high-net-worth individuals. TCBI offers a variety of services to its business customers, including commercial and real estate lending, cash management, equipment leasing and insurance. To its individual customers, TCBI provides traditional banking and with wealth management services, including trust accounts and asset management services. Expansion efforts of late have focused on the Houston market for general banking services. In October 2006, TCBI announced the sale of its residential mortgage lending division. In March, 2007, TCBI sold its insurance subsidiary, TexCap Insurance.

TCBI does not provide loan details in its earnings release, as per latest 10-Q, Commercial loans and leases accounted for roughly 57.3% of total loans outstanding at September 30, 2007, followed by 38.1% in construction / real estate. The securities portfolio remains in run-off mode, declining to 12.6% of average earning assets in 3Q07. Average portfolio loans and average total deposits for 3Q07 were up 28.9% and 23.7% year-over-year, respectively. As of 3Q07, TCBI had total assets of $4.1 billion, loans of $3.4 billion, and deposits of $3.3 billion.

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