Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 44

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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611,401 (6,000,469)$(354,000)$(112,931)$3,510,070 

See accompanying notes to consolidated financial statements.

6

TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS 

Six Months Ended June 30,(in thousands)20252024Operating activitiesNet income$124,375 $67,804 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses32,000 39,000 Depreciation and amortization23,669 24,835 Net loss on available-for-sale debt securities1,886 — Net loss/(gain) on equity securities104 (3,975)Sales/(purchases) of trading securities, net(3,888)— Stock-based compensation expense20,377 14,755 Proceeds from sales and repayments of loans held for sale— 25,731 Changes in operating assets and liabilities:Accrued interest receivable and other assets(66,954)(24,042)Accrued interest payable and other liabilities(68,204)(15,017)Net cash provided by operating activities63,365 129,091 Investing activitiesPurchases of available-for-sale debt securities(700,052)(693,894)Proceeds from sales of available-for-sale debt securities280,402 — Proceeds from maturities, redemptions and pay-downs of available-for-sale debt securities238,840 416,701 Proceeds from maturities, redemptions and pay-downs of held-to-maturity debt securities35,925 35,712 Sales/(purchases) of equity securities, net6,465 (18,432)Originations of loans held for investment, mortgage finance(43,839,841)(37,081,520)Proceeds from pay-offs of loans held for investment, mortgage finance43,165,826 35,981,687 Net increase in loans held for investment, excluding mortgage finance loans(824,215)(379,469)Purchase of premises and equipment, net(7,960)(42,246)Net cash used in investing activities(1,644,610)(1,781,461)Financing activitiesNet increase/(decrease) in deposits825,710 1,446,488 Issuance of stock related to stock-based awards(6,913