Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 111

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 8
Chunk 111
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,397,976 10.87 %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.

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(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 June 30,Six Months Ended June 30,(in thousands)2025202420252024Stock-settled awards:RSUs$4,920 $5,246 $15,279 $13,272 Cash-settled units2,707 975 5,098 1,483 Total$7,627 $6,221 $20,377 $14,755  (in thousands except period data)June 30, 2025Unrecognized compensation expense related to unvested stock-settled awards$28,043 Weighted average period over which stock-settled awards expense is expected to be recognized, in years1.9Unrecognized compensation expense related to cash-settled units$22,738 Weighted average period over which cash-settled units expense is expected to be recognized, in years2.3

(9) Fair Value Disclosures

The Company determines the fair market values of its assets and liabilities measured at fair value on a recurring and nonrecurring basis using the fair value hierarchy as prescribed in Accounting Standards Codification