Estados financieros detallados de Texas Capital Bancshares, Inc. (TCBI): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Texas Capital Bancshares, Inc. registró ingresos de $2.00B en el último ejercicio fiscal, con un CAGR de 5 años del 11.2%. El beneficio neto alcanzó $330.2M, con un CAGR a 5 años del 37.9%.
Márgenes de los últimos 12 meses: margen bruto 62.4%, margen operativo 24.8%, margen neto 18.6%. El flujo de caja libre creció a un CAGR del -33.3% en 5 años.
Al precio actual de $95.33, TCBI cotiza a un P/E de 12.27 y un ROE del 10.04%. La capitalización bursátil es de $4.1B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $762.5M | $938.0M | $1.23B | $1.44B | $1.18B | $987.0M | $1.25B | $1.79B | $1.76B | $2.00B |
| Coste de Ventas | $140.6M | $162.0M | $336.3M | $460.6M | $446.1M | $77.7M | $334.5M | $787.8M | $895.2M | $787.1M |
| Beneficio Bruto | $621.9M | $776.1M | $891.0M | $974.6M | $731.7M | $909.3M | $910.8M | $1.00B | $865.3M | $1.21B |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $296.3M | $345.5M | $394.6M | $446.8M | $390.1M | $381.2M | $483.5M | $522.3M | $512.3M | $513.3M |
| Gastos Operativos | $380.7M | $450.4M | $517.6M | $578.3M | $639.8M | $571.2M | $479.0M | $756.9M | $758.3M | $768.1M |
| Beneficio Operativo | $241.2M | $325.7M | $373.4M | $396.3M | $91.9M | $338.1M | $431.8M | $246.6M | $107.1M | $443.7M |
| EBITDA | $263.0M | $353.6M | $405.4M | $433.6M | $166.9M | $431.5M | $477.0M | $287.1M | $161.3M | $480.0M |
| Gastos por Intereses | $63.6M | $118.0M | $249.3M | $385.6M | $188.1M | $107.7M | $268.5M | $715.8M | $828.2M | $743.1M |
| Beneficio Antes de Impuestos | $241.2M | $325.7M | $373.4M | $396.3M | $91.9M | $338.1M | $431.8M | $246.6M | $107.1M | $432.7M |
| Impuestos | $86.1M | $128.6M | $80.0M | $84.3M | $25.7M | $84.1M | $99.3M | $57.5M | $29.6M | $102.5M |
| Beneficio Neto | $155.1M | $197.1M | $293.4M | $312.0M | $66.3M | $253.9M | $332.5M | $189.1M | $77.5M | $330.2M |
| BPA | $3.14 | $3.78 | $5.83 | $6.23 | $1.12 | $4.65 | $6.25 | $3.58 | $1.29 | $6.87 |
| BPA Diluido | $3.11 | $3.73 | $5.79 | $6.21 | $1.12 | $4.60 | $6.18 | $3.54 | $1.28 | $6.80 |
| Acciones en Circulación (Diluidas) | $46.8M | $50.3M | $50.3M | $50.4M | $50.6M | $51.1M | $51.0M | $48.6M | $47.0M | $45.4M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $529.2M | $504.4M | $488.4M | $439.9M |
| Beneficio Bruto | $328.4M | $327.5M | $308.0M | $260.4M |
| Beneficio Operativo | $137.8M | $143.3M | $94.4M | $112.0M |
| EBITDA | $150.4M | $159.2M | $107.2M | $125.0M |
| Beneficio Neto | $105.2M | $100.7M | $73.8M | $84.9M |
| BPA | $2.21 | $2.14 | $1.58 | $1.79 |
| BPA Diluido | $2.18 | $2.12 | $1.56 | $1.77 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $2.81B | $2.88B | $3.03B | $4.40B | $9.21B | $7.95B | $5.01B | $3.24B | $3.19B | $2.10B |
| Inversiones a Corto | $24.9M | $23.5M | $120.2M | $239.9M | $3.20B | $3.54B | $2.62B | $3.23B | $182.9M | $3.9M |
| Cuentas por Cobrar | $465.9M | $516.2M | $626.6M | $740.1M | $715.7M | $559.9M | $719.2M | $801.7M | 0 | 0 |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $3.31B | $3.42B | $3.78B | $5.38B | $13.12B | $12.09B | $8.35B | $7.27B | $3.37B | $2.10B |
| Inmovilizado Material | $19.8M | $25.2M | $23.8M | $31.2M | $24.5M | $20.9M | $26.4M | $32.4M | $85.4M | $88.0M |
| Fondo de Comercio | $15.1M | $15.1M | $15.1M | $15.1M | $15.1M | $15.1M | $1.5M | $1.5M | $1.5M | $1.5M |
| Activos Intangibles | $33.0M | $89.3M | $46.0M | $67.9M | $108.0M | $2.2M | 0 | 0 | 0 | 0 |
| Activos Totales | $21.70B | $25.08B | $28.26B | $32.55B | $37.73B | $34.73B | $28.41B | $28.36B | $30.73B | $31.54B |
| Cuentas por Pagar | $5.5M | $7.7M | $20.7M | $12.8M | $11.2M | $7.7M | $24.0M | $33.2M | $23.7M | $6.7M |
| Deuda a Corto | $109.6M | $365.0M | $641.2M | $141.8M | $111.8M | $2.20B | $1.20B | $1.50B | $885.0M | $330.0M |
| Pasivos Corrientes | $17.13B | $19.50B | $21.27B | $26.63B | $31.12B | $30.32B | $24.08B | $23.91B | $26.15B | $26.79B |
| Deuda a Largo | $2.39B | $3.19B | $4.30B | $2.80B | $3.40B | $928.7M | $931.4M | $859.1M | $660.3M | $620.6M |
| Pasivos Totales | $19.69B | $22.87B | $25.76B | $29.72B | $34.85B | $31.52B | $25.36B | $25.16B | $27.36B | $27.91B |
| Reservas | $903.2M | $1.09B | $1.38B | $1.66B | $1.71B | $1.95B | $2.26B | $2.44B | $2.50B | $2.81B |
| Patrimonio Neto | $2.01B | $2.20B | $2.50B | $2.80B | $2.87B | $3.21B | $3.06B | $3.20B | $3.37B | $3.63B |
| Deuda Total | $2.50B | $3.56B | $4.94B | $2.94B | $3.51B | $3.13B | $2.13B | $2.36B | $1.55B | $950.6M |
| Deuda Neta | -$335.2M | $660.8M | $1.79B | -$1.70B | -$8.90B | -$8.40B | -$5.50B | -$4.11B | -$1.83B | -$1.15B |
| Capital Circulante | -$13.83B | -$16.08B | -$17.49B | -$21.26B | -$18.00B | -$18.23B | -$15.73B | -$16.63B | -$22.78B | -$24.68B |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $3.06B | $2.10B | $2.96B | $3.70B |
| Activos Totales | $32.54B | $31.54B | $33.49B | $33.91B |
| Pasivos Totales | $28.90B | $27.91B | $29.88B | $30.27B |
| Patrimonio Neto | $3.64B | $3.63B | $3.61B | $3.65B |
| Deuda Total | $895.4M | $950.6M | $878.3M | $850.9M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $155.1M | $197.1M | $293.4M | $312.0M | $66.3M | $253.9M | $332.5M | $189.1M | $77.5M | $330.2M |
| Amortizaciones | $21.8M | $27.9M | $32.0M | $37.3M | $74.9M | $93.4M | $45.3M | $40.5M | $54.2M | $52.2M |
| Compensación en Acciones | $13.6M | $22.0M | $16.9M | $17.6M | $17.4M | $31.3M | $21.4M | $24.2M | $24.7M | $36.8M |
| Cambio en Capital Circulante | -$64.4M | -$95.4M | -$121.1M | -$44.8M | $16.4M | $84.0M | -$23.0M | -$49.5M | $37.3M | -$126.7M |
| Flujo de Caja Operativo | -$726.3M | $132.2M | -$679.7M | -$240.2M | $2.64B | $657.3M | $148.0M | $373.7M | $481.1M | $360.2M |
| Inversiones (CapEx) | -$2.2M | -$12.3M | -$7.7M | -$16.7M | -$2.8M | -$4.1M | -$11.3M | -$16.4M | -$64.8M | -$12.6M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | $3.32B | 0 | 0 | 0 |
| Recompra de Acciones | 0 | 0 | 0 | 0 | 0 | -$150.0M | -$115.3M | -$105.0M | -$81.5M | -$185.8M |
| Dividendos Pagados | -$9.8M | -$9.8M | -$9.8M | -$9.8M | -$9.8M | -$18.7M | -$17.2M | -$17.2M | -$17.2M | -$17.2M |
| Flujo de Caja Libre | -$728.5M | $119.9M | -$687.4M | -$256.8M | $2.64B | $653.2M | $136.7M | $357.4M | $416.3M | $347.6M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $604.6M | $130.5M | $87.5M | $98.2M |
| Inversiones (CapEx) | $5.0M | $341000 | -$1.4M | $1.4M |
| Flujo de Caja Libre | $609.5M | $130.8M | $86.2M | $99.5M |
| Dividendos Pagados | -$4.3M | -$4.3M | -$4.3M | -$13.0M |
| Compensación en Acciones | -$4.5M | $8.1M | $17.5M | $9.8M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +23.0% | +30.8% | +16.9% | -17.9% | -16.2% | +26.2% | +43.9% | -1.7% | +13.5% |
| Crecimiento Beneficio Neto (anual) | | +27.0% | +48.9% | +6.3% | -78.8% | +283.1% | +30.9% | -43.1% | -59.0% | +326.1% |
| Crecimiento BPA (anual) | | +20.4% | +54.2% | +6.9% | -82.0% | +315.2% | +34.4% | -42.7% | -64.0% | +432.6% |
| Cambio en Acciones (anual) | | +7.5% | +0.0% | +0.3% | +0.3% | +1.1% | -0.2% | -4.8% | -3.3% | -3.3% |
| Crecimiento FCF (anual) | | +116.5% | -673.3% | +62.6% | +1126.7% | -75.2% | -79.1% | +161.4% | +16.5% | -16.5% |
| Margen Bruto | 81.6% | 82.7% | 72.6% | 67.9% | 62.1% | 92.1% | 73.1% | 56.0% | 49.2% | 60.6% |
| Margen Operativo | 31.6% | 34.7% | 30.4% | 27.6% | 7.8% | 34.2% | 34.7% | 13.8% | 6.1% | 22.2% |
| Margen EBITDA | 34.5% | 37.7% | 33.0% | 30.2% | 14.2% | 43.7% | 38.3% | 16.0% | 9.2% | 24.0% |
| Margen Neto | 20.3% | 21.0% | 23.9% | 21.7% | 5.6% | 25.7% | 26.7% | 10.6% | 4.4% | 16.5% |
| Margen FCF | -95.5% | 12.8% | -56.0% | -17.9% | 223.9% | 66.2% | 11.0% | 19.9% | 23.6% | 17.4% |
| Tasa Impositiva Efectiva | 35.7% | 39.5% | 21.4% | 21.3% | 27.9% | 24.9% | 23.0% | 23.3% | 27.6% | 23.7% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-15.58 | $2.39 | $-13.67 | $-5.09 | $52.13 | $12.77 | $2.68 | $7.35 | $8.86 | $7.65 |
| Dividendo por Acción | $0.21 | $0.19 | $0.19 | $0.19 | $0.19 | $0.37 | $0.34 | $0.35 | $0.37 | $0.38 |
| Acciones en Circulación (Básicas) | $46.3M | $49.6M | $49.9M | $50.3M | $50.4M | $50.6M | $50.5M | $48.0M | $46.6M | $45.0M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Rentabilidad sobre capital | 10.04% |
| Rentabilidad sobre capital invertido | 1.10% |
| Rentabilidad sobre activos | 1.08% |
| Margen bruto | 62.40% |
| Margen operativo | 24.85% |
| Margen neto | 18.58% |
Salud financiera
| Deuda / Patrimonio | 0.23 |
| Ratio corriente | 26.12 |
| Piotroski F-Score | 8 |
| Altman Z-Score | -0.62 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 24.97 | 23.52 | 8.76 | 9.11 | 53.12 | 12.96 | 9.65 | 18.05 | 60.62 | 13.18 |
| P/VC | 1.81 | 2.00 | 1.02 | 1.02 | 1.05 | 0.95 | 1.00 | 0.97 | 1.08 | 1.12 |
| P/V | 4.76 | 4.70 | 2.08 | 1.99 | 2.55 | 3.09 | 2.44 | 1.73 | 2.07 | 2.04 |
| Margen Bruto | 81.6% | 82.7% | 72.6% | 67.9% | 62.1% | 92.1% | 73.1% | 56.0% | 49.2% | 60.6% |
| Margen Operativo | 31.6% | 34.7% | 30.4% | 27.6% | 7.8% | 34.2% | 34.7% | 13.8% | 6.1% | 22.2% |
| Margen Neto | 20.3% | 21.0% | 23.9% | 21.7% | 5.6% | 25.7% | 26.7% | 10.6% | 4.4% | 16.5% |