Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 9

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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ASH FLOWS 

Three Months Ended March 31,(in thousands)20252024Operating activitiesNet income$47,047 $26,142 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses17,000 19,000 Depreciation and amortization9,217 10,906 Net (gain)/loss recognized on investment securities2,052 (4,034)Sales/(purchases) of trading securities, net(1,824)— Stock-based compensation expense12,750 8,534 Proceeds from sales and repayments of loans held for sale— 15,605 Changes in operating assets and liabilities:Accrued interest receivable and other assets4,604 48,253 Accrued interest payable and other liabilities(90,478)(28,586)Net cash provided by operating activities368 95,820 Investing activitiesPurchases of available-for-sale debt securities(198,597)(596,610)Proceeds from maturities, redemptions and pay-downs of available-for-sale debt securities97,698 317,717 Proceeds from maturities, redemptions and pay-downs of held-to-maturity debt securities17,659 17,064 Sales/(purchases) of equity securities, net1,546 (17,628)Originations of loans held for investment, mortgage finance(18,466,846)(16,389,564)Proceeds from pay-offs of loans held for investment, mortgage finance18,956,879 16,214,579 Net increase in loans held for investment, excluding mortgage finance loans(429,548)(335,475)Purchase of premises and equipment, net(2,416)(20,043)Net cash used in investing activities(23,625)(809,960)Financing activitiesNet increase/(decrease) in deposits814,435 1,582,198 Issuance of stock related to stock-based awards(7,048)(8,930)Preferred stock dividends paid(4,313)(4,313)Repurchase of common stock(31,152)(31,523)Net increase/(decrease) in short-term borrowings(135,000)(750,000)Net cash provided by financing activities636,922 787,432 Net increase in cash and cash equivalents613,665 73,292 Cash and cash equivalents at beginning of period3,