Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 55

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 8
Chunk 55
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 assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for credit losses, the fair value of financial instruments and the status of contingencies are particularly susceptible to significant change.

(2) Earnings Per Share

The following table presents the computation of basic and diluted earnings per share:Three Months Ended March 31,(in thousands except share and per share data)20252024Numerator:Net income$47,047 $26,142 Preferred stock dividends4,313 4,313 Net income available to common stockholders$42,734 $21,829 Denominator:Basic earnings per common share—weighted average common shares46,123,416 47,278,681 Effect of dilutive outstanding stock-settled awards493,288 432,511 Dilutive earnings per common share—weighted average diluted common shares46,616,704 47,711,192 Basic earnings per common share$0.93 $0.46 Diluted earnings per common share$0.92 $0.46 Anti-dilutive outstanding stock-settled awards22,707 127,145 

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(3) Investment Securities

The following is a summary of the Company’s investment securities: (in thousands)AmortizedCost(1)GrossUnrealizedGainsGrossUnrealizedLossesEstimatedFairValueMarch 31, 2025Available-for-sale debt securities:U.S. Treasury securities$282,053 $— $(1,954)$280,099 Residential mortgage-backed securities3,264,089 11,603 (129,561)3,146,131 Commercial mortgage-backed securities240,342 1,738 (1,526)240,554 CRT securities12,165 — (571)11,594 Total available-for-sale debt securities3,798,649 13,341 (133,612)3,678,378 Held-to-maturity debt securities:Residential mortgage-backed securities779,354 — (93,692)685,662 Total held-to-maturity debt securities779,354 — (93,692)685,662 Equity securities71,679 Trading securities1,808 Total investment securities(2)$4,531,219