Texas Capital vs Golub Capital BDC

Texas Capital and Golub Capital BDC are compared on business models, financial performance, and market context to provide a neutral overview. The page outlines how each company operates, the sectors they serve, and their general market stance in accessible language. Educational content, not financial advice.

Texas Capital and Golub Capital BDC are compared on business models, financial performance, and market context to provide a neutral overview. The page outlines how each company operates, the sectors t...

About The Companies

Texas Capital (TCBI)

Texas Capital BancShares Inc. (TCBI) is a Dallas-based bank holding company known primarily for commercial banking services to small and mid-sized businesses, commercial real estate clients and professional firms. With a market capitalisation of around $3.74bn, it operates through lending, deposit-taking and fee-based services, and has historically focused on relationship banking in Texas while expanding selective national lending lines. Investors should note typical regional-bank sensitivities: net interest margin and profitability tend to move with interest rates, and credit performance can be cyclical and tied to local economic conditions. Regulatory oversight, funding costs and loan-book composition are key variables for shareholders to monitor. This summary is educational only: it outlines what to watch rather than providing personalised investment advice. Values can rise or fall, and past performance does not guarantee future results.

Golub Capital BDC (GBDC)

Golub Capital BDC Inc (GBDC) is a US‑listed business development company (BDC) that provides credit to middle‑market companies, primarily through senior secured and unitranche loans. Managed by Golub Capital, the company focuses on floating‑rate private credit originated to private equity‑backed firms, aiming to generate current income for shareholders. With a market capitalisation of about $3.75bn, GBDC offers exposure to private credit outside the traditional banking system, including potential yield advantages compared with plain‑vanilla bonds. Investors should be aware of interest‑rate sensitivity (many loans are floating‑rate), credit and liquidity risk, and share‑price volatility that can come from widening credit spreads or capital‑markets moves. As a BDC, it distributes a large portion of income as dividends, but payouts depend on net investment income and portfolio performance. This is educational information only, not personal advice — consider your risk tolerance and consult a financial adviser before investing.

Comparison Snapshot

Key Financial Metrics

TCBI

Metric

GBDC

$4.36B

Market Cap

$3.63B

-2.24%

Potential Profit

9.01%

Hold

Analyst Rating

Buy

Which Baskets Do They Appear In?

Fed Policy Pivot | Tech and Financial Stock Opportunities

Federal Reserve Chair Jerome Powell has signaled a potential conclusion to the central bank's balance sheet reduction, a move that would inject more liquidity into financial markets. This policy shift creates an opportunity for companies sensitive to interest rates and capital availability, particularly within the technology and financial sectors.

Published: October 15, 2025

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Which Baskets Do They Appear In?

Fed Policy Pivot | Tech and Financial Stock Opportunities

Federal Reserve Chair Jerome Powell has signaled a potential conclusion to the central bank's balance sheet reduction, a move that would inject more liquidity into financial markets. This policy shift creates an opportunity for companies sensitive to interest rates and capital availability, particularly within the technology and financial sectors.

Published: October 15, 2025

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Investment Analysis

Texas Capital

TCBI

Pros

Texas Capital Bancshares reported a strong third quarter 2025 with record-level net income of $105.2 million and a return on average assets (ROAA) of 1.30%.
The company has a solid financial health rating with low debt-to-equity ratio of 24.6%, supporting balance sheet stability.
It operates across major Texas metropolitan areas, providing diversified commercial, consumer, investment banking, and wealth management services.

Considerations

Revenue and earnings declined significantly in 2024, with revenue down about 13.8% and earnings falling nearly 65% year-over-year.
The stock currently trades at a relatively high forward price-to-earnings ratio of 12.52, indicating possible valuation risk.
Negative analyst sentiment with an average hold rating and a 12-month price target slightly below current levels suggests limited upside expectation.

Golub Capital BDC

GBDC

Pros

Golub Capital BDC has a specialized focus on first lien senior secured loans to middle market companies with strong private equity backing, reducing credit risk.
It benefits from over 30 years of award-winning experience, a diversified and granular portfolio, and low credit losses across multiple market cycles.
The company aligns closely with shareholders and lenders, maintaining a resilient strategy with >90% first lien floating rate loans.

Considerations

Being a closed-end business development company, Golub Capital BDC may face valuation discounts relative to net asset value due to market sentiment.
The company’s exposure to middle market lending makes it potentially vulnerable to economic downturns impacting private equity-backed firms.
There is some concentration risk from dependency on private equity sponsors and a narrower investment focus compared to diversified banks.

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About The Companies

Comparison Snapshot

Which Baskets Do They Appear In?

Fed Policy Pivot | Tech and Financial Stock Opportunities

Which Baskets Do They Appear In?

Fed Policy Pivot | Tech and Financial Stock Opportunities