TEXAS CAPITAL BANCSHARES INC/TX

For the period ended Jun 30, 2025. Filed Jul 17, 2025.

About this filing

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.

Jun 30, 2025 · Filed Jul 17, 2025

TCBI$101.03-2.0%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income and Other Comprehensive Income

CONSOLIDATED STATEMENTS OF INCOME AND OTHER

COMPREHENSIVE INCOME - UNAUDITED

	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands except per share data)	2025	2024	2025	2024
Interest income
Interest and fees on loans	$364,358	$345,251	$698,508	$676,130
Investment securities	45,991	33,584	92,556	65,728
Interest bearing cash and cash equivalents	29,218	43,233	75,792	97,588
Total interest income	439,567	422,068	866,856	839,446
Interest expense
Deposits	174,798	181,280	349,734	356,880
Short-term borrowings	3,444	12,749	11,690	25,532
Long-term debt	7,930	11,457	16,003	25,443
Total interest expense	186,172	205,486	377,427	407,855
Net interest income	253,395	216,582	489,429	431,591
Provision for credit losses	15,000	20,000	32,000	39,000
Net interest income after provision for credit losses	238,395	196,582	457,429	392,591
Non-interest income
Service charges on deposit accounts	8,182	5,911	16,022	12,250
Wealth management and trust fee income	3,730	3,699	7,694	7,266
Brokered loan fees	2,398	2,131	4,347	4,042
Investment banking and advisory fees	24,109	25,048	40,587	43,472
Trading income	7,896	5,650	13,835	10,362
Available-for-sale debt securities losses	(1,886)	—	(1,886)	—
Other	9,640	7,985	17,914	14,351
Total non-interest income	54,069	50,424	98,513	91,743
Non-interest expense
Salaries and benefits	120,154	118,840	251,795	247,567
Occupancy expense	12,144	10,666	22,988	20,403
Marketing	3,624	5,996	8,633	12,032
Legal and professional	11,069	11,273	26,058	27,468
Communications and technology	24,314	22,013	47,956	43,127
Federal Deposit Insurance Corporation insurance assessment	5,096	5,570	10,437	13,991
Other	13,875	14,051	25,429	26,214
Total non-interest expense	190,276	188,409	393,296	390,802
Income before income taxes	102,188	58,597	162,646	93,532
Income tax expense	24,860	16,935	38,271	25,728
Net income	77,328	41,662	124,375	67,804
Preferred stock dividends	4,312	4,312	8,625	8,625
Net income available to common stockholders	$73,016	$37,350	$115,750	$59,179
Other comprehensive income/(loss)
Change in unrealized gain/(loss)	$20,038	$(13,939)	$70,317	$(56,282)
Amounts reclassified into net income	9,967	19,825	20,326	39,533
Other comprehensive income/(loss)	30,005	5,886	90,643	(16,749)
Income tax expense/(benefit)	6,774	(6,268)	20,467	(11,021)
Other comprehensive income/(loss), net of tax	23,231	12,154	70,176	(5,728)
Comprehensive income	$100,559	$53,816	$194,551	$62,076
Basic earnings per common share	$1.59	$0.80	$2.52	$1.26
Diluted earnings per common share	$1.58	$0.80	$2.49	$1.25

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - UNAUDITED

Preferred Stock · Common Stock · Additional · Treasury Stock · Accumulated Other
Paid-in · Retained · Comprehensive
(in thousands except share data)	Shares	Amount	Shares	Amount	Capital	Earnings	Shares	Amount	Income/(Loss)	Total
Balance at March 31, 2024	300,000	$300,000	51,420,680	$514	$1,044,669	$2,457,222	(4,434,405)	$(251,857)	$(379,886)	$3,170,662
Comprehensive income/(loss):
Net income	—	—	—	—	—	41,662	—	—	—	41,662
Change in other comprehensive income/(loss), net of taxes	—	—	—	—	—	—	—	—	12,154	12,154
Total comprehensive income							53,816
Stock-based compensation expense recognized in earnings	—	—	—	—	5,246	—	—	—	—	5,246
Preferred stock dividend	—	—	—	—	—	(4,312)	—	—	—	(4,312)
Issuance of stock related to stock-based awards	—	—	53,901	1	199	—	—	—	—	200
Repurchase of common stock	—	—	—	—	—	—	(852,098)	(50,011)	—	(50,011)
Balance at June 30, 2024	300,000	$300,000	51,474,581	$515	$1,050,114	$2,494,572	(5,286,503)	$(301,868)	$(367,732)	$3,175,601
Balance at March 31, 2025	300,000	$300,000	51,707,542	$517	$1,060,028	$2,538,385	(5,682,609)	$(332,994)	$(136,162)	$3,429,774
Comprehensive income/(loss):
Net income	—	—	—	—	—	77,328	—	—	—	77,328
Change in other comprehensive income/(loss), net of taxes	—	—	—	—	—	—	—	—	23,231	23,231
Total comprehensive income							100,559
Stock-based compensation expense recognized in earnings	—	—	—	—	4,920	—	—	—	—	4,920
Preferred stock dividend	—	—	—	—	—	(4,312)	—	—	—	(4,312)
Issuance of stock related to stock-based awards	—	—	39,763	—	135	—	—	—	—	135
Repurchase of common stock	—	—	—	—	—	—	(317,860)	(21,006)	—	(21,006)
Balance at June 30, 2025	300,000	$300,000	51,747,305	$517	$1,065,083	$2,611,401	(6,000,469)	$(354,000)	$(112,931)	$3,510,070

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - UNAUDITED

Preferred Stock · Common Stock · Additional · Treasury Stock · Accumulated Other
Paid-in · Retained · Comprehensive
(in thousands except share data)	Shares	Amount	Shares	Amount	Capital	Earnings	Shares	Amount	Income/(Loss)	Total
Balance at December 31, 2023 (audited)	300,000	$300,000	51,142,979	$511	$1,045,576	$2,435,393	(3,905,067)	$(220,334)	$(362,004)	$3,199,142
Comprehensive income/(loss):
Net income	—	—	—	—	—	67,804	—	—	—	67,804
Change in other comprehensive income/(loss), net of taxes	—	—	—	—	—	—	—	—	(5,728)	(5,728)
Total comprehensive income							62,076
Stock-based compensation expense recognized in earnings	—	—	—	—	13,272	—	—	—	—	13,272
Preferred stock dividend	—	—	—	—	—	(8,625)	—	—	—	(8,625)
Issuance of stock related to stock-based awards	—	—	331,602	4	(8,734)	—	—	—	—	(8,730)
Repurchase of common stock	—	—	—	—	—	—	(1,381,436)	(81,534)	—	(81,534)
Balance at June 30, 2024	300,000	$300,000	51,474,581	$515	$1,050,114	$2,494,572	(5,286,503)	$(301,868)	$(367,732)	$3,175,601
Balance at December 31, 2024 (audited)	300,000	$300,000	51,520,315	$515	$1,056,719	$2,495,651	(5,286,503)	$(301,842)	$(183,107)	$3,367,936
Comprehensive income/(loss):
Net income	—	—	—	—	—	124,375	—	—	—	124,375
Change in other comprehensive income/(loss), net of taxes	—	—	—	—	—	—	—	—	70,176	70,176
Total comprehensive income							194,551
Stock-based compensation expense recognized in earnings	—	—	—	—	15,279	—	—	—	—	15,279
Preferred stock dividend	—	—	—	—	—	(8,625)	—	—	—	(8,625)
Issuance of stock related to stock-based awards	—	—	226,990	2	(6,915)	—	—	—	—	(6,913)
Repurchase of common stock	—	—	—	—	—	—	(713,966)	(52,158)	—	(52,158)
Balance at June 30, 2025	300,000	$300,000	51,747,305	$517	$1,065,083	$2,611,401	(6,000,469)	$(354,000)	$(112,931)	$3,510,070

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.