Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 6

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 7
Chunk 6
---
 offset by an increase in investment banking and advisory fees.

Non-interest Expense 

Year Ended December 31,(in thousands)202420232022Salaries and benefits$466,578 $459,700 $434,906 Occupancy expense45,266 38,494 44,222 Marketing22,349 25,854 32,388 Legal and professional53,783 64,924 75,858 Communications and technology93,085 81,262 69,253 Federal Deposit Insurance Corporation (“FDIC”) insurance assessment23,351 36,775 14,344 Other53,873 49,938 56,561 Total non-interest expense$758,285 $756,947 $727,532 

Non-interest expense was $758.3 million for the year ended December 31, 2024, an increase of $1.3 million as compared to the same period in 2023, primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by decreases in legal and professional expense and FDIC insurance assessment. Non-interest expense for the year ended December 31, 2024 included restructuring expenses of $4.4 million recorded in salaries and benefits, $476,000 recorded in occupancy expense and $3.1 million recorded in communications and technology expense. The decrease in legal and professional expense for the year ended December 31, 2024 resulted primarily from declines in professional services, partially offset by a $5.0 million legal settlement expense recognized in the first quarter of 2024. FDIC insurance assessment included a $2.8 million special assessment expense in 2024, as compared to a $19.9 million special assessment expense in 2023.

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 accompanying notes to the consolidated financial statements included elsewhere in this report for details of these portfolio segments.

(in thousands)December 31, 2024December 31, 2023Commercial$11,145,591 $10,410,766 Mortgage finance5,215,574 3,978,328 Commercial real estate5,616,282 5,500,774 Consumer565,376 530,948 Gross loans held for investment22,542,823 20