Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 46

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 condensed or omitted. In the opinion of management, the interim financial statements include all normal and recurring adjustments and the disclosures made present a fair presentation of the Company’s financial position and results of operations. The consolidated financial statements have been prepared in accordance with GAAP for interim financial information and the instructions to Form 10-Q adopted by the SEC. Accordingly, the financial statements and the notes to the consolidated unaudited financial statements required by GAAP for complete annual financial statements do not include all of the information and should be read in conjunction with the consolidated financial statements, and notes thereto, for the year ended December 31, 2024, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 (the “2024 Form 10-K”). Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for credit losses, the fair value of financial instruments and the status of contingencies are particularly susceptible to significant change.

(2) Earnings Per Share

The following table presents the computation of basic and diluted earnings per share:Three Months Ended June 30,Six Months Ended June 30,(in thousands except share and per share data)2025202420252024Numerator:Net income$77,328 $41,662 $124,375 $67,804 Preferred stock dividends4,312 4,312 8,625 8,625 Net income available to common stockholders$73,016 $37,350 $115,750 $59,179 Denominator:Basic earnings per common share—weighted average common shares45,791,602 46,546,243 45,956,594 46,925,761 Effect of dilutive outstanding stock-settled awards423,792 326,255 446,522 371,569 Dilutive earnings per common share—weighted average diluted common shares46,215,394 46,872,498 46,403,116 47,297,330 Basic earnings per common share$1.59 $0.80 $2.52 $1.26