Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 44

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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)$(84,224)$3,637,098 

See accompanying notes to consolidated financial statements.

6

TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS 

Nine Months Ended September 30,(in thousands)20252024Operating activitiesNet income$229,585 $6,485 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses44,000 49,000 Depreciation and amortization36,291 38,917 Net loss on available-for-sale debt securities1,886 179,581 Net gain on equity securities(2,265)(6,727)Sales/(purchases) of trading securities, net(2,219)— Stock-based compensation expense28,614 21,208 Proceeds from sales and repayments of loans held for sale— 53,494 Changes in operating assets and liabilities:Accrued interest receivable and other assets(39,949)(60,683)Accrued interest payable and other liabilities(66,283)180,584 Net cash provided by operating activities229,660 461,859 Investing activitiesPurchases of available-for-sale debt securities(843,190)(1,793,339)Proceeds from sales of available-for-sale debt securities280,402 1,057,159 Proceeds from maturities, redemptions and pay-downs of available-for-sale debt securities385,694 514,159 Proceeds from maturities, redemptions and pay-downs of held-to-maturity debt securities55,555 55,696 Sales/(purchases) of equity securities, net22,472 (15,874)Originations of loans held for investment, mortgage finance(71,110,334)(60,379,814)Proceeds from pay-offs of loans held for investment, mortgage finance70,268,104 58,828,483 Net increase in loans held for investment, excluding mortgage finance loans(936,069)(446,916)Purchase of premises and equipment, net(12,910)(57,435)Net cash used in investing activities(1,890,276)(2,237,881)Financing activitiesNet increase in deposits2,266,799 3,493,416 Issuance of stock related to stock-based awards(7,559)(9,187)Preferred stock dividends paid(