Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 33

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part II, Item 1A
Chunk 33
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ITEM 1A.     RISK FACTORS

There have been no material changes in the Company’s risk factors from those previously disclosed in Part I, Item 1A of the Company’s 2024 Form 10-K.

ITEM 2.     UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The Company repurchased shares of its common stock in the open market during the nine months ended September 30, 2025 as follows:

Total Number ofApproximate Dollar ValueShares Purchased as Partof Shares That May YetTotal Number ofAverage Price Paidof Publicly AnnouncedBe Purchased Under theShares Purchasedper Share(1)Plans or Programs(2)Plans or Programs(1)(2)Total first quarter 2025396,106 $78.25 396,106 $169,003,778 Total second quarter 2025317,860 $65.50 317,860 $148,183,554 July 2025— $— — $148,183,554 August 202587,087 80.49 87,087 141,174,282 September 2025— — — 141,174,282 Total third quarter 202587,087 $80.49 87,087 $141,174,282 Total 2025801,053 $73.44 801,053 $141,174,282 

(1)    The approximate dollar value of shares that may yet be purchased under the plans or programs and average price paid per share do not include the effect of excise tax expense incurred on net stock repurchases.

(2)    On January 22, 2025, the Company’s board of directors authorized a new share repurchase program under which the Company may repurchase up to $200.0 million in shares of its outstanding common stock, excluding the effect of excise tax expense incurred on net stock repurchases. Any repurchases under the repurchase program will be made in accordance with applicable securities laws from time to time in open market or private transactions. The extent to which the Company repurchases shares, and the timing of such repurchases, will be at management’s discretion and will depend upon a variety of factors, including market conditions, the Company’s capital position and amount of retained earnings, regulatory requirements and other considerations. The share repurchase program is set