Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 146

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 5
Chunk 146
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 QuarterJanuary 2024— $— — $150,000,000 February 2024112,215 58.23 112,215 143,466,072 March 2024417,123 59.55 417,123 118,624,951 Total529,338 $59.27 529,338 118,624,951 Second QuarterApril 2024393,914 $58.46 393,914 95,596,029 May 202441,597 58.64 41,597 93,156,593 June 2024416,587 57.78 416,587 69,085,247 Total852,098 $58.14 852,098 69,085,247 Third QuarterJuly 2024— $— — 69,085,247 August 2024— — — 69,085,247 September 2024— — — 69,085,247 Total— $— — 69,085,247 Fourth QuarterOctober 2024— $— — 69,085,247 November 2024— — — 69,085,247 December 2024— — — 69,085,247 Total— $— — $69,085,247 Year to date total1,381,436 $58.57 1,381,436 $69,085,247 

(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.

On January 17, 2024, the Company’s board of directors authorized a share repurchase program under which the Company could repurchase up to $150.0 million in shares of its outstanding common stock, excluding the effect of excise tax expense incurred on net stock repurchases. Remaining repurchase authorization under the January 18, 2023 share repurchase program was terminated upon authorization of this new program. 

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