Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 79

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 79
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 debt485,629 485,191 Total liabilities535,679 508,886 Stockholders’ Equity:Preferred stock300,000 300,000 Common stock515 511 Additional paid-in capital1,056,719 1,045,576 Retained earnings2,470,184 2,409,926 Treasury stock(301,842)(220,334)Accumulated other comprehensive income/(loss)(183,107)(362,004)Total stockholders’ equity3,342,469 3,173,675 Total liabilities and stockholders’ equity$3,878,148 $3,682,561 

82

Statement of Income Year ended December 31,(in thousands)202420232022Interest on notes receivable$2 $2,167 $3,250 Dividend income685 7,671 10,529 Other income148 (94)9 Total income835 9,744 13,788 Interest expense23,925 23,714 19,721 Salaries and benefits922 835 782 Legal and professional2,005 1,504 1,583 Other non-interest expense2,072 1,823 1,636 Total expense28,924 27,876 23,722 Loss before income taxes and equity in undistributed income of subsidiary(28,089)(18,132)(9,934)Income tax benefit(8,102)(4,537)(2,282)Loss before equity in undistributed income of subsidiary(19,987)(13,595)(7,652)Equity in undistributed income of subsidiary97,495 201,189 337,946 Net income77,508 187,594 330,294 Preferred stock dividends17,250 17,250 17,250 Net income available to common stockholders$60,258 $170,344 $313,044 Statements of Cash Flows Year ended December 31,(in thousands)202420232022Operating ActivitiesNet income$77,508 $187,594 $330,294 Adjustments to reconcile net income to net cash provided by/(used in) operating activities:Equity in undistributed income of subsidiary(97,495)(201,189)(337,946)Depreciation and amortization438 437 438 Net (gain)/loss recognized on equity securities(