TEXAS CAPITAL BANCSHARES INC/TX
For the period ended Sep 30, 2025. Filed Oct 23, 2025.
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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, 2025 · Filed Oct 23, 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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Item 1. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Operating activities | ||
| Net income | $229,585 | $6,485 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 44,000 | 49,000 |
| Depreciation and amortization | 36,291 | 38,917 |
| Net loss on available-for-sale debt securities | 1,886 | 179,581 |
| Net gain on equity securities | (2,265) | (6,727) |
| Sales/(purchases) of trading securities, net | (2,219) | — |
| Stock-based compensation expense | 28,614 | 21,208 |
| Proceeds from sales and repayments of loans held for sale | — | 53,494 |
| Changes in operating assets and liabilities: | ||
| Accrued interest receivable and other assets | (39,949) | (60,683) |
| Accrued interest payable and other liabilities | (66,283) | 180,584 |
| Net cash provided by operating activities | 229,660 | 461,859 |
| Investing activities | ||
| Purchases of available-for-sale debt securities | (843,190) | (1,793,339) |
| Proceeds from sales of available-for-sale debt securities | 280,402 | 1,057,159 |
| Proceeds from maturities, redemptions and pay-downs of available-for-sale debt securities | 385,694 | 514,159 |
| Proceeds from maturities, redemptions and pay-downs of held-to-maturity debt securities | 55,555 | 55,696 |
| Sales/(purchases) of equity securities, net | 22,472 | (15,874) |
| Originations of loans held for investment, mortgage finance | (71,110,334) | (60,379,814) |
| Proceeds from pay-offs of loans held for investment, mortgage finance | 70,268,104 | 58,828,483 |
| Net increase in loans held for investment, excluding mortgage finance loans | (936,069) | (446,916) |
| Purchase of premises and equipment, net | (12,910) | (57,435) |
| Net cash used in investing activities | (1,890,276) | (2,237,881) |
| Financing activities | ||
| Net increase in deposits | 2,266,799 | 3,493,416 |
| Issuance of stock related to stock-based awards | (7,559) | (9,187) |
| Preferred stock dividends paid | (12,938) | (12,938) |
| Repurchase of common stock | (59,234) | (81,534) |
| Net decrease in short-term borrowings | (610,000) | (465,000) |
| Redemption of long-term debt | (40,435) | (200,000) |
| Net cash provided by financing activities | 1,536,633 | 2,724,757 |
| Net increase/(decrease) in cash and cash equivalents | (123,983) | 948,735 |
| Cash and cash equivalents at beginning of period | 3,188,808 | 3,242,850 |
| Cash and cash equivalents at end of period | $3,064,825 | $4,191,585 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for interest | $580,591 | $672,199 |
| Cash paid during the period for income taxes | 67,402 | 48,040 |
| Transfers of loans from held for investment to held for sale | — | 18,411 |
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