Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 69

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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3,312,614 11.90 %3,611,714 12.75 %Total capital (to risk-weighted assets)10.50 %10.00 %3,644,858 13.09 %3,968,168 14.00 %Tier 1 capital (to average assets)(1)4.00 %5.00 %3,312,614 10.70 %3,611,714 11.27 %(1)    The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve Board and the FDIC may require the Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum.(2)    Percentages represent the minimum capital ratios plus, as applicable, the fully phased-in 2.5% CET1 capital buffer under the Basel III Capital Rules.

(8) Stock-Based Compensation

The Company has long-term incentive plans under which stock-based compensation awards are granted to employees and directors by the Company’s board of directors or its designated committee. Grants are subject to vesting requirements and may include, among other things, nonqualified stock options, stock appreciation rights, restricted stock units (“RSUs”), restricted stock and performance units, or any combination thereof. On April 15, 2025, the Company’s stockholders approved the Texas Capital Bancshares, Inc. 2022 Long-Term Incentive Plan, as amended and restated, which increases shares authorized and available for grant by 1.1 million shares and extends the plan’s maturity date by two years.The table below summarizes the Company’s stock-based compensation expense: Three Months Ended March 31,(in thousands)20252024Stock-settled awards:RSUs$10,359 $8,026 Cash-settled units2,391 508 Total$12,750 $8,534  (in thousands except period data)March 31, 2025Unrecognized compensation expense related to unvested stock-settled awards$31,659 Weighted average period over which stock-settled awards expense is expected to be recognized, in years2.1Unrecognized compensation expense related to cash-settled units$25,252 Weighted average period over which cash-settled units expense is expected to be recognized, in years2.5