Company: TCBI
Filing Date: 2025-02-11
Form Type: 10-K
Source: 0001077428-25-000036
Chunk: 29

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-02-11
Form: 10-K
Item: Item 8
Chunk 29
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51,142,979 $511 $1,045,576 $2,435,393 (3,905,067)$(220,334)$(362,004)$3,199,142 Comprehensive income/(loss):Net income— — — — — 77,508 — — — 77,508 Change in other comprehensive income/(loss), net of taxes— — — — — — — — 178,897 178,897 Total comprehensive income256,405 Stock-based compensation expense recognized in earnings— — — — 20,212 — — — — 20,212 Preferred stock dividends— — — — — (17,250)— — — (17,250)Issuance of stock related to stock-based awards— — 377,336 4 (9,069)— — — — (9,065)Repurchase of common stock— — — — — — (1,381,436)(81,508)— (81,508)Balance at December 31, 2024300,000 $300,000 51,520,315 $515 $1,056,719 $2,495,651 (5,286,503)$(301,842)$(183,107)$3,367,936 

See accompanying notes to consolidated financial statements.

54

TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS 

Year Ended December 31,(in thousands)202420232022Operating activitiesNet income$77,508 $189,141 $332,478 Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses67,000 72,000 66,000 Deferred tax benefit(16,086)(17,784)(17,395)Depreciation and amortization54,228 40,473 45,284 Net (gain)/loss on sale of loans held for sale— — 990 Net (gain)/loss recognized on investment securities173,995 (4,060)— Stock-based compensation expense24,693 24,200 21,432 Purchases and originations of loans held for sale— (