Company: TCBI
Filing Date: 2025-04-17
Form Type: 10-Q
Source: 0001077428-25-000078
Chunk: 76

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-04-17
Form: 10-Q
Item: Part I, Item 8
Chunk 76
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,204 372 13,693 Total other comprehensive income, net of tax7,255 38,417 1,273 46,945 Ending balance$(8,020)$(93,114)$(35,028)$(136,162)Three Months Ended March 31, 2024Beginning balance$(45,749)$(273,806)$(42,449)$(362,004)Change in unrealized gain/(loss)(27,873)(14,470)— (42,343)Amounts reclassified into net income18,006 — 1,702 19,708 Total other comprehensive income/(loss)(9,867)(14,470)1,702 (22,635)Income tax expense/(benefit)(2,072)(3,038)357 (4,753)Total other comprehensive income/(loss), net of tax(7,795)(11,432)1,345 (17,882)Ending balance$(53,544)$(285,238)$(41,104)$(379,886)

(12) New Accounting Standards 

Accounting Standards Update 2025-01 “Income Statement Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date” (“ASU 2025-01”) clarifies the effective date of Accounting Standards Update 2024-03 “Income Statement Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses” (“ASU 2024-03”) to stipulate that ASU 2024-03 is effective for public business entities for annual reporting periods beginning after December 15, 2026 and interim reporting periods beginning after December 15, 2027, with early adoption permitted. ASU 2024-03 will be effective for the Company beginning January 1, 2027 for the Company’s annual financial statements on Form 10-K and January 1, 2028 for the Company’s quarterly financial statements on Form 10-Q and is not expected to have a significant impact on the Company’s financial statements.Accounting Standards Update 2025-02 “Liabilities (405): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 122” (“ASU 2025-02”) amends the Accounting Standards Codification to remove the text of SEC Staff Accounting Bulletin (“SAB”) 121 “Account