Make a New RGB mode Image. White background (original image: 400 x 200) Use black to fill the background.
Make a New Layer: Layer > New > Layer.
Write on this Text Mask Type. Broadway font.
Plaster Filter
Fill with Grey color and deselect (press ctrl + d).
Apply the plaster filter: Filter > Sketch > Plaster
Curves
Adjust curves: Image > Adjust > Curves
Apply Light effects.
Layer Styles
Finally: Layer > Layer Style > Blending options
Modify Bevel and Emboss (and texture too) with default data. Texture:
And voila, the final result.
More Tutorials: 
