Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 81

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 34,816 33,340 Marketing3,412 5,863 12,045 17,895 Legal and professional12,474 11,135 38,532 38,603 Communications and technology24,594 25,951 72,550 69,078 Federal Deposit Insurance Corporation (“FDIC”) insurance assessment5,198 4,906 15,635 18,897 Other13,213 13,394 38,642 39,608 Total non-interest expense$190,575 $195,324 $583,871 $586,126 

Non-interest expense decreased $4.7 million during the three months ended September 30, 2025, compared to the same period in 2024. The increase was primarily due to decreases in salaries and benefits, occupancy expense and communications and technology expense, resulting from restructuring expenses recognized in the third quarter of 2024, as well as a decrease in marketing expense, partially offset by an increase in legal and professional expense.

Non-interest expense was $583.9 million for the nine months September 30, 2025, an increase of $2.3 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 $2.8 million FDIC special assessment expense recorded in the first nine months of 2024.

28

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 Company’s 2024 Form 10-K for details of these portfolio segments.

(in thousands)September 30, 2025December 31, 2024Commercial$11,999,025 $11,145,591 Mortgage finance6,057,804 5,215,574 Commercial real estate5,696,720 5,616,282 Consumer540,126 565,376 Gross loans held for investment24,293,675 22,542,823 Unearned income (net of direct origination costs)(101,812)(92,757)Total loans held for investment$24,191,863 $22,450,066 

Total loans held for investment were $24.2