Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 48

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 48
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 similar products and services managed through similar processes and platforms that are collectively reviewed by the Company’s Chief Executive Officer, who has been identified as the chief operating decision maker (“CODM”).

The CODM regularly assesses performance of the aggregated single operating and reporting segment and decides how to allocate resources based on net income calculated on the same basis as is net income reported in the Company’s consolidated statements of income and other comprehensive income. The CODM is also regularly provided with expense information at a level consistent with that disclosed in the Company’s consolidated statements of income and other comprehensive income.

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(2) Earnings Per Share

The following table presents the computation of basic and diluted earnings per share: Year ended December 31,(in thousands except share and per share data)202420232022Numerator:Net income$77,508 $189,141 $332,478 Preferred stock dividends17,250 17,250 17,250 Net income available to common stockholders$60,258 $171,891 $315,228 Denominator:Basic earnings per common share—weighted average common shares46,559,668 48,054,935 50,457,746 Effect of dilutive outstanding stock-settled awards429,536 555,271 588,996 Dilutive earnings per common share—weighted average diluted common shares46,989,204 48,610,206 51,046,742 Basic earnings per common share$1.29 $3.58 $6.25 Diluted earnings per common share$1.28 $3.54 $6.18 Anti-dilutive outstanding stock-settled awards— 97,368 311,226 

(3) Investment Securities

The following is a summary of the Company’s investment securities: (in thousands)AmortizedCost(1)GrossUnrealizedGainsGrossUnrealizedLossesEstimatedFairValueDecember 31, 2024Available-for-sale debt securities:U.S. Treasury securities$280,137 $— $(2,852)$277,285 Residential mortgage-backed securities3,195,145 7,200 (168,302)3,034,043 Commercial mortgage-backed securities206,830 — (5,398)201,432 CRT securities12,466 — (540)11,926 Total available-for-sale debt securities3,