Company: TCBI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001077428-25-000136
Chunk: 35

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-07-17
Form: 10-Q
Item: Part II, Item 2
Chunk 35
---
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 six months ended June 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 April 2025271,636 $64.67 271,636 $151,437,945 May 202538,875 70.31 38,875 148,704,792 June 20257,349 70.93 7,349 148,183,554 Total second quarter 2025317,860 $65.50 317,860 $148,183,554 Total 2025713,966 $72.58 713,966 $148,183,554 

(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 to expire on January 31, 2026, and the program may be suspended or discontinued at any time. Remaining repurchase authorization under the January 17, 2024 share repurchase program was terminated upon authorization of this new program.

38

Table of Contents

ITEM 6.     EX