TEXAS CAPITAL BANCSHARES INCTX
For the period ended Sep 30, 2024. Filed Oct 17, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 17, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The Company repurchased shares of its common stock in the open market during the nine months ended September 30, 2024 as follows:
| Total Number of · Approximate Dollar Value | ||||
|---|---|---|---|---|
| Shares Purchased as Part · of Shares That May Yet | ||||
| Total Number of | Average Price Paid | of Publicly Announced | Be Purchased Under the | |
| Shares Purchased | per Share(1) | Plans or Programs(2) | Plans or Programs(1)(2) | |
| First Quarter | ||||
| January 2024 | — | $— | — | $150,000,000 |
| February 2024 | 112,215 | 58.23 | 112,215 | 143,466,072 |
| March 2024 | 417,123 | 59.55 | 417,123 | 118,624,951 |
| Total | 529,338 | $59.27 | 529,338 | $118,624,951 |
| Second Quarter | ||||
| April 2024 | 393,914 | $58.46 | 393,914 | $95,596,029 |
| May 2024 | 41,597 | 58.64 | 41,597 | 93,156,593 |
| June 2024 | 416,587 | 57.78 | 416,587 | 69,085,247 |
| Total | 852,098 | $58.14 | 852,098 | $69,085,247 |
| Third Quarter | ||||
| July 2024 | — | $— | — | $69,085,247 |
| August 2024 | — | — | — | 69,085,247 |
| September 2024 | — | — | — | 69,085,247 |
| Total | — | $— | — | $69,085,247 |
| Year to date total | 1,381,436 | $58.57 | 1,381,436 | $69,085,247 |
(1) The approximate dollar value of shares that may yet be purchased under the plans or programs and average price paid per share do not include the effect of excise tax expense incurred on net stock repurchases.
(2) On January 17, 2024, the Company’s board of directors authorized a new share repurchase program under which the Company may repurchase up to $150.0 million in shares of its outstanding common stock, excluding the effect of excise tax expense incurred on net stock repurchases. Remaining repurchase authorization under the January 18, 2023 share repurchase program was terminated upon authorization of this new program. Any repurchases under the repurchase program will be made in accordance with applicable securities laws from time to time in open market or private transactions. The extent to which the Company repurchases shares, and the timing of such repurchases, will be at management’s discretion and will depend upon a variety of factors, including market conditions, our capital position and amount of retained earnings, regulatory requirements and other considerations. The share repurchase program is set to expire on January 31, 2025, and the program may be suspended or discontinued at any time.
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