Company: TCBI
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001077428-25-000145
Chunk: 96

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 8
Chunk 96
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-K for the year ended December 31, 2024 (the “2024 Form 10-K”). Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and 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.

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Table of Contents

(2) Earnings Per Share

The following table presents the computation of basic and diluted earnings per share:Three Months Ended September 30,Nine Months Ended September 30,(in thousands except share and per share data)2025202420252024Numerator:Net income/(loss)$105,210 $(61,319)$229,585 $6,485 Preferred stock dividends4,313 4,313 12,938 12,938 Net income/(loss) available to common stockholders$100,897 $(65,632)$216,647 $(6,453)Denominator:Basic earnings per common share—weighted average common shares45,708,185 46,201,518 45,873,276 46,674,034 Effect of dilutive outstanding stock-settled awards524,982 407,224 474,960 379,683 Dilutive earnings per common share—weighted average diluted common shares46,233,167 46,608,742 46,348,236 47,053,717 Basic earnings/(loss) per common share$2.21 $(1.42)$4.72 $(0.14)Diluted earnings/(loss) per common share$2.18 $(1.41)$4.67 $(0.14)Anti-dilutive outstanding stock-settled awards— 622 207 62,560 

(3) Investment Securities

The following is a summary of the Company’s investment securities: (in thousands)AmortizedCost(1)GrossUnrealizedGainsGrossUnrealizedLossesEstimatedFairValueSeptember 30, 2025Available-for-sale debt securities:Residential mortgage-backed securities$3,616,063 $28,099 $(100