Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 80

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 80
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4,395)(508)— Changes in operating assets and liabilities:Accrued interest receivable and other assets26,560 37,446 (2,095)Accrued interest payable and other liabilities26,355 16,941 3,086 Net cash provided by/(used in) operating activities28,971 40,721 (6,223)Investing ActivitiesSales/(purchases) of equity securities, net(15,443)(18,337)— Repayments of investments in/(advances to) subsidiaries(2,000)160,000 (50,000)Net cash provided by/(used in) investing activities(17,443)141,663 (50,000)Financing ActivitiesIssuance of stock related to stock-based awards(9,065)(4,215)(4,209)Preferred stock dividends paid(17,250)(17,250)(17,250)Repurchase of common stock(81,508)(105,024)(115,302)Net cash used in financing activities(107,823)(126,489)(136,761)Net increase/(decrease) in cash and cash equivalents(96,295)55,895 (192,984)Cash and cash equivalents at beginning of year301,672 245,777 438,761 Cash and cash equivalents at end of year$205,377 $301,672 $245,777 

(18) New Accounting Standards 

Accounting Standards Update 2023-09 “Income Taxes (Topic 740) - Improvements to Income Tax Disclosures” (“ASU 2023-09”) enhances the transparency and decision usefulness of income tax disclosures. ASU 2023-09 will require disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. Entities will also be required to disclose income/(loss) from continuing operations before income tax expense/(benefit) disaggregated between domestic and foreign, as well as income tax expense/(benefit) from continuing operations disaggregated by federal, state and foreign. ASU 2023-09 is effective January 1, 2025 and is not expected to have a significant impact on the Company’s financial statement disclosures. 

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Accounting Standards Update 2024-01 “Compensation - Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar Awards” (“ASU 2024-01”) clarifies