Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 96

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part I, Item 8
Chunk 96
---
 assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. The allowance for credit losses, the fair value of financial instruments and the status of contingencies are particularly susceptible to significant change.

(2) Earnings Per Share

The following table presents the computation of basic and diluted earnings per share:Three Months Ended June 30,Six Months Ended June 30,(in thousands except share and per share data)2025202420252024Numerator:Net income$77,328 $41,662 $124,375 $67,804 Preferred stock dividends4,312 4,312 8,625 8,625 Net income available to common stockholders$73,016 $37,350 $115,750 $59,179 Denominator:Basic earnings per common share—weighted average common shares45,791,602 46,546,243 45,956,594 46,925,761 Effect of dilutive outstanding stock-settled awards423,792 326,255 446,522 371,569 Dilutive earnings per common share—weighted average diluted common shares46,215,394 46,872,498 46,403,116 47,297,330 Basic earnings per common share$1.59 $0.80 $2.52 $1.26 Diluted earnings per common share$1.58 $0.80 $2.49 $1.25 Anti-dilutive outstanding stock-settled awards31,703 38,461 26,974 105,680 

8

Table of Contents

(3) Investment Securities

The following is a summary of the Company’s investment securities: (in thousands)AmortizedCost(1)GrossUnrealizedGainsGrossUnrealizedLossesEstimatedFairValueJune 30, 2025Available-for-sale debt securities:Residential mortgage-backed securities$3,620,954 $17,279 $(118,713)$3,519,520 Commercial mortgage-backed securities241,799 2,076 (621)243,254 CRT securities11,829 — (462)11,367 Total available-for-sale debt securities3,874,582 19,355 (119,796)3,774,141