Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 130

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 8
Chunk 130
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 million increase as compared to the same period in 2024, primarily due to increases in service charges on deposit accounts, trading income and other non-interest income, partially offset by a decrease in investment banking and advisory fees and the $1.9 million loss on sale of available-for-sale debt securities mentioned above.

Non-interest Expense 

Three Months Ended June 30,Six Months Ended June 30,(in thousands)2025202420252024Salaries and benefits$120,154 $118,840 $251,795 $247,567 Occupancy expense12,144 10,666 22,988 20,403 Marketing3,624 5,996 8,633 12,032 Legal and professional11,069 11,273 26,058 27,468 Communications and technology24,314 22,013 47,956 43,127 Federal Deposit Insurance Corporation (“FDIC”) insurance assessment5,096 5,570 10,437 13,991 Other13,875 14,051 25,429 26,214 Total non-interest expense$190,276 $188,409 $393,296 $390,802 

Non-interest expense increased $1.9 million during the three months ended June 30, 2025, compared to the same period in 2024. The increase was primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by a decrease in marketing expense.

Non-interest expense was $393.3 million for the six months June 30, 2025, an increase of $2.5 million as compared to the same period in 2024, primarily due to increases in salaries and benefits and communications and technology expense, partially offset by decreases in marketing expense and FDIC insurance assessment. FDIC insurance assessment included an additional $3.5 million FDIC special assessment expense recorded in the first six months of 2024.

29

Analysis of Financial Condition

Loans Held for Investment

The following table summarizes the Company’s loans held for investment by portfolio segment. See Note 1 - Operations and Summary of Significant Accounting Policies in the 2024 Form 10-K for details of these portfolio segments.

(in thousands)June 30, 2025December 31, 2024Commercial$11,930,668 $11,145,591 Mortgage finance5,889,589 5