TEXAS CAPITAL BANCSHARES INC/TX
For the period ended Mar 31, 2026. Filed Apr 23, 2026.
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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.
Mar 31, 2026 · Filed Apr 23, 2026
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
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Operating activities | ||
| Net income | $73,788 | $47,047 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 16,000 | 17,000 |
| Depreciation and amortization | 12,816 | 9,217 |
| Net (gain)/loss on equity securities | (1,646) | 2,052 |
| Sales/(purchases) of trading debt securities, net | (3,958) | (1,824) |
| Stock-based compensation expense | 17,499 | 12,750 |
| Changes in operating assets and liabilities: | ||
| Accrued interest receivable and other assets | 16,089 | 4,604 |
| Accrued interest payable and other liabilities | (43,059) | (90,478) |
| Net cash provided by operating activities | 87,529 | 368 |
| Investing activities | ||
| Purchases of available-for-sale debt securities | (134,520) | (198,597) |
| Proceeds from maturities, redemptions and pay-downs of available-for-sale debt securities | 153,484 | 97,698 |
| Proceeds from maturities, redemptions and pay-downs of held-to-maturity debt securities | 16,907 | 17,659 |
| Sales/(purchases) of equity securities, net | 1,620 | 1,546 |
| Originations of loans held for investment, mortgage finance | (23,599,090) | (18,466,846) |
| Proceeds from pay-offs of loans held for investment, mortgage finance | 22,701,423 | 18,956,879 |
| Decrease/(increase) in loans held for investment, excluding mortgage finance, net | (280,484) | (429,548) |
| Purchase of premises and equipment, net | (1,357) | (2,416) |
| Net cash used in investing activities | (1,142,017) | (23,625) |
| Financing activities | ||
| Net increase/(decrease) in deposits, net | 2,067,921 | 814,435 |
| Issuance of stock related to stock-based awards | (9,560) | (7,048) |
| Preferred stock dividends paid | (4,313) | (4,313) |
| Repurchase of common stock | (75,141) | (31,152) |
| Net increase/(decrease) in short-term borrowings, net | (330,000) | (135,000) |
| Redemption of long-term debt | (134,525) | — |
| Issuance of long-term debt | 397,599 | — |
| Net cash provided by financing activities | 1,911,981 | 636,922 |
| Net increase in cash and cash equivalents | 857,493 | 613,665 |
| Cash and cash equivalents at beginning of period | 2,099,118 | 3,188,808 |
| Cash and cash equivalents at end of period | $2,956,611 | $3,802,473 |
| Supplemental disclosures of cash flow information | ||
| Cash paid during the period for interest | $180,511 | $189,665 |
| Cash paid/(refunded) during the period for income taxes: | $1,620 | $(1,290) |
| Transfers of loans from held for investment to held for sale | $21,333 | $— |
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