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

Company: TEXAS CAPITAL BANCSHARES INC/TX
Filing Date: 2025-10-23
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 $(23,028)

Non-interest income increased $183.4 million during the three months ended September 30, 2025, compared to the same period in 2024, primarily due to the inclusion of a $179.6 million loss on sale of available-for-sale debt securities recognized during the third quarter of 2024, as well as increases in service charges on deposit accounts, trading income and other non-interest income.

Non-interest income was $167.1 million for the nine months September 30, 2025, a $190.1 million increase as compared to the same period in 2024, primarily due to the inclusion of the $179.6 million loss on sale of available-for-sale debt securities recognized during the third quarter of 2024 mentioned above, as well as increases in service charges on deposit accounts, trading income and other non-interest income, partially offset by a decrease in investment banking and advisory fees.

Non-interest Expense 

Three Months Ended September 30,Nine Months Ended September 30,(in thousands)2025202420252024Salaries and benefits$119,856 $121,138 $371,651 $368,705 Occupancy expense11,828 12,937 34,816 33,340 Marketing3,412 5,863 12,045 17,895 Legal and professional12,474 11,135 38,532 38,603 Communications and technology24,594 25,951 72,550 69,078 Federal Deposit Insurance Corporation (“FDIC”) insurance assessment5,198 4,906 15,635 18,897 Other13,213 13,394 38,642 39,608 Total non-interest expense$190,575 $195,324 $583,871 $586,126 

Non-interest expense decreased $4.7 million during the three months ended September 30, 2025, compared to the same period in 2024. The increase was primarily due to decreases in salaries and benefits, occupancy expense and communications and technology expense, resulting from restructuring expenses recognized in the third quarter of 2024, as well as a decrease in marketing expense, partially offset by an increase in legal and professional expense.

Non-interest expense was $583.9 million for the nine months September 30, 2025, an increase of $2.3 million as compared to the same period in 2024,