# EDGAR Filing Document

**Accession Number:** 0001077428
**File Stem:** 0001077428-25-000144
**Filing Date:** 2025-10
**Character Count:** 82973
**Document Hash:** e9619ab4f6c8078772d328b74addc592
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001077428-25-000144.hdr.sgml**: 20251022

**ACCESSION NUMBER**: 0001077428-25-000144

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 32

**CONFORMED PERIOD OF REPORT**: 20251022

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251022

**DATE AS OF CHANGE**: 20251022

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEXAS CAPITAL BANCSHARES INC/TX
- **CENTRAL INDEX KEY:** 0001077428
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 752679109
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34657
- **FILM NUMBER:** 251410158

**BUSINESS ADDRESS:**
- **STREET 1:** 2000 MCKINNEY AVE
- **STREET 2:** SUITE 700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 2149326600

**MAIL ADDRESS:**
- **STREET 1:** 2000 MCKINNEY AVE
- **STREET 2:** SUITE 700
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

?xml version='1.0' encoding='ASCII'? tcbi-20251022

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): October 22, 2025** 

**TEXAS CAPITAL BANCSHARES, INC.**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-34657** | **75-2679109** |
| (State or other jurisdiction of<br>incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification Number) |

---

**2000 McKinney Avenue, Suite 700, Dallas, Texas, U.S.A.**

(Address of principal executive offices)

**75201** 

(Zip Code)

Registrant's telephone number, including area code: **(214) 932-6600** 

**N/A**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share | TCBI | The Nasdaq Stock Market |
| 5.75% Non-Cumulative Perpetual Preferred Stock Series B, par value $0.01 per share | TCBIO | The Nasdaq Stock Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition.**

On October 22, 2025, Texas Capital Bancshares, Inc. issued a press release and made available presentation slides regarding its operating and financial results for its fiscal quarter ended September 30, 2025. A copy of the press release is attached hereto as Exhibit 99.1. A copy of the presentation is attached hereto as Exhibit 99.2.

The information in Item 2.02 of this report (including Exhibits 99.1 and 99.2) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such a filing.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d)&nbsp;&nbsp;&nbsp;&nbsp;Exhibits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1&nbsp;&nbsp;&nbsp;&nbsp;<u>[Press Release, dated](a10222025exhibit991.htm)[October](a10222025exhibit991.htm)[22](a10222025exhibit991.htm)[, 2025 announcing Texas Capital Bancshares, Inc.'s operating and financial results for its fiscal quarter ended](a10222025exhibit991.htm)[September](a10222025exhibit991.htm)[30, 2025](a10222025exhibit991.htm)</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.2&nbsp;&nbsp;&nbsp;&nbsp;<u>[Presentation dated](a3q2025_earningsxpresent.htm)[October](a3q2025_earningsxpresent.htm)[22](a3q2025_earningsxpresent.htm)[, 2025 discussing Texas Capital Bancshares, Inc.'s operating and financial results for its fiscal quarter ended](a3q2025_earningsxpresent.htm)[September](a3q2025_earningsxpresent.htm)[30, 2025](a3q2025_earningsxpresent.htm)</u>

104&nbsp;&nbsp;&nbsp;&nbsp;Cover Page Interactive Data File (embedded within the Inline XBRL document)

------

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: | October 22, 2025 | TEXAS CAPITAL BANCSHARES, INC. | TEXAS CAPITAL BANCSHARES, INC. |
|  |  | By: | /s/ J. Matthew Scurlock |
|  |  |  | J. Matthew Scurlock<br>Chief Financial Officer |

---

## Exhibit 99.1

**<u>Exhibit 99.1</u>**

![tcbicolorlogoforrelease.jpg](tcbicolorlogoforrelease.jpg)

---

| |
|:---|
| **INVESTOR CONTACT** |
| Jocelyn Kukulka, 469.399.8544 |
| <u>jocelyn.kukulka@texascapital.com</u> |
| **MEDIA CONTACT** |
| Julia Monter, 469.399.8425 |
| <u>julia.monter@texascapital.com</u> |

---

**TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES THIRD QUARTER 2025 RESULTS**

***Third quarter 2025 ROAA of 1.30%***

***Record-level net income of $105.2 million, record-level net income available to common stockholders***

 ***of $100.9 million and record-level diluted earnings per share of $2.18 for the third quarter of 2025***

***Record-level Book Value and record-level Tangible Book Value***<sup>(2)</sup> ***per share of $73.05 and $73.02, respectively***

***Growth in capital ratios continues, achieving 12.1% CET1 and 16.1% Total Capital***

DALLAS - October 22, 2025 - Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the third quarter of 2025.

"Texas Capital delivered both the strategic and financial outcomes we set in our Strategic Update on September 1, 2021, resulting in the most successful bank transformation in the last 20 years, structurally elevating our earnings power and achieving industry-leading growth in fee income, return on assets and balance sheet resilience," said Rob C. Holmes, Chairman, President & CEO. "As we look ahead, our unwavering commitment to clients and proven execution will continue to position us as the flagship financial services firm in Texas, driving long-term value for all stakeholders."

---

| | | | |
|:---|:---|:---|:---|
| | **3rd Quarter** | **2nd Quarter** | **3rd Quarter** |
| *(dollars in thousands except per share data)* | **2025** | **2025** | **2024** |
| **OPERATING RESULTS** |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income/(loss) | $105210 | $77328 | $(61319) |
| &nbsp;&nbsp;&nbsp;Net income/(loss) available to common stockholders | $100897 | $73016 | $(65632) |
| &nbsp;&nbsp;Pre-provision net revenue<sup>(3)</sup> | $149779 | $117188 | $(69993) |
| &nbsp;&nbsp;Diluted earnings/(loss) per common share | $2.18 | $1.58 | $(1.41) |
| &nbsp;&nbsp;&nbsp;Diluted common shares | 46233167 | 46215394 | 46608742 |
| &nbsp;&nbsp;&nbsp;Return on average assets | 1.30% | 0.99% | (0.78)% |
| &nbsp;&nbsp;&nbsp;Return on average common equity | 12.04% | 9.17% | (8.87)% |
| **OPERATING RESULTS, ADJUSTED**<sup>(1)</sup> |  |  |  |
| &nbsp;&nbsp;&nbsp;Net income | $105210 | $79841 | $78654 |
| &nbsp;&nbsp;&nbsp;Net income available to common stockholders | $100897 | $75529 | $74341 |
| &nbsp;&nbsp;Pre-provision net revenue<sup>(3)</sup> | $149779 | $120475 | $114860 |
| &nbsp;&nbsp;&nbsp;Diluted earnings per common share | $2.18 | $1.63 | $1.59 |
| &nbsp;&nbsp;&nbsp;Diluted common shares | 46233167 | 46215394 | 46608742 |
| &nbsp;&nbsp;&nbsp;Return on average assets | 1.30% | 1.02% | 1.00% |
| &nbsp;&nbsp;&nbsp;Return on average common equity | 12.04% | 9.48% | 10.04% |
| **BALANCE SHEET** |  |  |  |
| &nbsp;&nbsp;&nbsp;Loans held for investment | $18134059 | $18035945 | $16764512 |
| &nbsp;&nbsp;&nbsp;Loans held for investment, mortgage finance | 6057804 | 5889589 | 5529659 |
| &nbsp;&nbsp;&nbsp;Total loans held for investment | 24191863 | 23925534 | 22294171 |
| &nbsp;&nbsp;&nbsp;Loans held for sale |  |  | 9022 |
| &nbsp;&nbsp;&nbsp;Total assets | 32536980 | 31943535 | 31629299 |
| &nbsp;&nbsp;&nbsp;Non-interest bearing deposits | 7689598 | 7718006 | 9070804 |
| &nbsp;&nbsp;&nbsp;Total deposits | 27505398 | 26064309 | 25865255 |
| &nbsp;&nbsp;&nbsp;Stockholders' equity | 3637098 | 3510070 | 3354044 |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;These adjusted measures are non-GAAP measures. Please refer to "GAAP to Non-GAAP Reconciliations" for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Stockholders' equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.

(3)&nbsp;&nbsp;&nbsp;&nbsp;Net interest income plus non-interest income, less non-interest expense.

------

**THIRD QUARTER 2025 COMPARED TO SECOND QUARTER 2025**

For the third quarter of 2025, net income available to common stockholders was $100.9 million, or $2.18 per diluted share, compared to $73.0 million, or $1.58 per diluted share, for the second quarter of 2025.

Provision for credit losses for the third quarter of 2025 was $12.0 million, compared to $15.0 million for the second quarter of 2025. The $12.0 million provision for credit losses recorded in the third quarter of 2025 resulted primarily from an increase in total loans held for investment ("LHI") and $13.7 million in net charge-offs, partially offset by decreases in criticized loans and non-accrual loans.

Net interest income was $271.8 million for the third quarter of 2025, compared to $253.4 million for the second quarter of 2025, primarily due to increases in average earning assets and earning asset yields and a decrease in average short-term borrowings partially offset by an increase in average interest bearing deposits. Net interest margin for the third quarter of 2025 was 3.47%, an increase of 12 basis points from the second quarter of 2025. LHI, excluding mortgage finance, yields increased 14 basis points from the second quarter of 2025 and LHI, mortgage finance, yields decreased 10 basis points from the second quarter of 2025. Total cost of deposits was 2.62% for the third quarter of 2025, a 3 basis point decrease from the second quarter of 2025.

Non-interest income for the third quarter of 2025 increased $14.5 million compared to the second quarter of 2025 primarily due to the inclusion of a $1.9 million loss on sale of available-for-sale debt securities recognized during the second quarter of 2025 and increases in investment banking and advisory fees and other non-interest income.

Non-interest expense for the third quarter of 2025 increased $299,000 compared to the second quarter of 2025, primarily due to an increase in legal and professional expense partially offset by a decrease in other non-interest expense.

**THIRD QUARTER 2025 COMPARED TO THIRD QUARTER 2024**

Net income available to common stockholders was $100.9 million, or $2.18 net income per diluted share, for the third quarter of 2025, compared to net loss available to common stockholders of $65.6 million, or $1.41 net loss per diluted share, for the third quarter of 2024.

The third quarter of 2025 included a $12.0 million provision for credit losses, reflecting an increase in total LHI and $13.7 million in net charge-offs, partially offset by declines in criticized loans and non-accrual loans, compared to a $10.0 million provision for credit losses for the third quarter of 2024.

Net interest income increased to $271.8 million for the third quarter of 2025, compared to $240.1 million for the third quarter of 2024, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by a decrease in earning asset yields and an increase in average interest bearing liabilities. Net interest margin increased 31 basis points to 3.47% for the third quarter of 2025, as compared to the third quarter of 2024. LHI, excluding mortgage finance, yields decreased 31 basis points compared to the third quarter of 2024 and LHI, mortgage finance yields increased 12 basis points from the third quarter of 2024. Total cost of deposits decreased 32 basis points compared to the third quarter of 2024.

Non-interest income for the third quarter of 2025 increased $183.4 million compared to the third quarter of 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 expense for the third quarter of 2025 decreased $4.7 million compared to the third quarter of 2024, 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.

**CREDIT QUALITY**

Net charge-offs of $13.7 million were recorded during the third quarter of 2025, compared to net charge-offs of $13.0 million and $6.1 million during the second quarter of 2025 and the third quarter of 2024, respectively. Criticized loans totaled $529.7 million at September 30, 2025, compared to $637.5 million at June 30, 2025 and $897.7 million at September 30, 2024. Non-accrual LHI totaled $96.1 million at September 30, 2025, compared to $113.6 million at June 30, 2025 and $89.0 million at September 30, 2024. The ratio of non-accrual LHI to total LHI for the third quarter of 2025 was 0.40%, compared to 0.47% for the second quarter of 2025 and 0.40% for the third quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.37% at September 30, 2025, compared to 1.40% and 1.43% at June 30, 2025 and September 30, 2024, respectively.

**REGULATORY RATIOS AND CAPITAL**

All regulatory ratios continue to be in excess of "well capitalized" requirements as of September 30, 2025. CET1, tier 1 capital, total capital and leverage ratios were 12.1%, 13.6%, 16.1% and 11.9%, respectively, at September 30, 2025, compared to 11.4%, 12.9%, 15.3% and 11.8%, respectively, at June 30, 2025 and 11.2%, 12.6%, 15.2% and 11.4%, respectively, at September 30, 2024. At September 30, 2025, our ratio of tangible common equity to total tangible assets was 10.3%, compared to 10.1% at June 30, 2025 and 9.7% at September 30, 2024.

During the third quarter of 2025, the Company repurchased 87,087 shares of its common stock for an aggregate purchase price, including excise tax expense, of $7.1 million, at a weighted average price of $80.49 per share.

------

***About Texas Capital Bancshares, Inc.***

*Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank ("TCB"). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. Effective September 19, 2025, TCB became a member of the Federal Reserve System. For deposit products, member FDIC. For more information, please visit www.texascapital.com.*

***Forward Looking Statements***

*This communication contains "forward-looking statements" within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI's financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as "believes," "projects," "expects," "may," "estimates," "should," "plans," "targets," "intends" "could," "would," "anticipates," "potential," "confident," "optimistic" or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.* 

*Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management's expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management's control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; increased or expanded competition from banks and other financial service providers in TCBI's markets; TCBI's ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI's ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI's ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI's ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI's ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI's securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI's risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI's loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global or other geopolitical conflicts, or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.*

------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** |
| **SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)** | **SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)** | **SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)** | **SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)** | **SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)** | **SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)** |
| *(dollars in thousands except per share data)* | *(dollars in thousands except per share data)* | *(dollars in thousands except per share data)* | *(dollars in thousands except per share data)* | *(dollars in thousands except per share data)* | *(dollars in thousands except per share data)* |
|  | **3rd Quarter** | **2nd Quarter** | **1st Quarter** | **4th Quarter** | **3rd Quarter** |
|  | **2025** | **2025** | **2025** | **2024** | **2024** |
| **CONSOLIDATED STATEMENTS OF INCOME** |  |  |  |  |  |
| Interest income | $460615 | $439567 | $427289 | $437571 | $452533 |
| Interest expense | 188844 | 186172 | 191255 | 207964 | 212431 |
| Net interest income | 271771 | 253395 | 236034 | 229607 | 240102 |
| Provision for credit losses | 12000 | 15000 | 17000 | 18000 | 10000 |
| Net interest income after provision for credit losses | 259771 | 238395 | 219034 | 211607 | 230102 |
| Non-interest income | 68583 | 54069 | 44444 | 54074 | (114771) |
| Non-interest expense | 190575 | 190276 | 203020 | 172159 | 195324 |
| Income/(loss) before income taxes | 137779 | 102188 | 60458 | 93522 | (79993) |
| Income tax expense/(benefit) | 32569 | 24860 | 13411 | 22499 | (18674) |
| Net income/(loss) | 105210 | 77328 | 47047 | 71023 | (61319) |
| Preferred stock dividends | 4313 | 4312 | 4313 | 4312 | 4313 |
| Net income/(loss) available to common stockholders | $100897 | $73016 | $42734 | $66711 | $(65632) |
| Diluted earnings/(loss) per common share | $2.18 | $1.58 | $0.92 | $1.43 | $(1.41) |
| Diluted common shares | 46233167 | 46215394 | 46616704 | 46770961 | 46608742 |
| **CONSOLIDATED BALANCE SHEET DATA** |  |  |  |  |  |
| Total assets | $32536980 | $31943535 | $31375749 | $30731883 | $31629299 |
| Loans held for investment | 18134059 | 18035945 | 17654243 | 17234492 | 16764512 |
| Loans held for investment, mortgage finance | 6057804 | 5889589 | 4725541 | 5215574 | 5529659 |
| Loans held for sale |  |  |  |  | 9022 |
| Interest bearing cash and cash equivalents | 2852387 | 2507691 | 3600969 | 3012307 | 3894537 |
| Investment securities | 4601654 | 4608628 | 4531219 | 4396115 | 4405520 |
| Non-interest bearing deposits | 7689598 | 7718006 | 7874780 | 7485428 | 9070804 |
| Total deposits | 27505398 | 26064309 | 26053034 | 25238599 | 25865255 |
| Short-term borrowings | 275000 | 1250000 | 750000 | 885000 | 1035000 |
| Long-term debt | 620416 | 620256 | 660521 | 660346 | 660172 |
| Stockholders' equity | 3637098 | 3510070 | 3429774 | 3367936 | 3354044 |
| End of period shares outstanding | 45679863 | 45746836 | 46024933 | 46233812 | 46207757 |
| Book value per share | $73.05 | $70.17 | $68.00 | $66.36 | $66.09 |
| Tangible book value per share<sup>(1)</sup> | $73.02 | $70.14 | $67.97 | $66.32 | $66.06 |
| **SELECTED FINANCIAL RATIOS** |  |  |  |  |  |
| Net interest margin | 3.47% | 3.35% | 3.19% | 2.93% | 3.16% |
| Return on average assets | 1.30% | 0.99% | 0.61% | 0.88% | (0.78)% |
| Return on average assets, adjusted<sup>(4)</sup> | 1.30% | 1.02% | 0.61% | 0.88% | 1.00% |
| Return on average common equity | 12.04% | 9.17% | 5.56% | 8.50% | (8.87)% |
| Return on average common equity, adjusted<sup>(4)</sup> | 12.04% | 9.48% | 5.56% | 8.50% | 10.04% |
| Efficiency ratio<sup>(2)</sup> | 56.0% | 61.9% | 72.4% | 60.7% | 155.8% |
| Efficiency ratio, adjusted<sup>(2)(4)</sup> | 56.0% | 61.1% | 72.4% | 60.7% | 62.3% |
| Non-interest income to average earning assets | 0.88% | 0.72% | 0.60% | 0.69% | (1.52)% |
| Non-interest income to average earning assets, adjusted<sup>(4)</sup> | 0.88% | 0.74% | 0.60% | 0.69% | 0.86% |
| Non-interest expense to average earning assets | 2.44% | 2.52% | 2.75% | 2.21% | 2.59% |
| Non-interest expense to average earning assets, adjusted<sup>(4)</sup> | 2.44% | 2.50% | 2.75% | 2.21% | 2.52% |
| Common equity to total assets | 10.3% | 10.1% | 10.0% | 10.0% | 9.7% |
| Tangible common equity to total tangible assets<sup>(3)</sup> | 10.3% | 10.1% | 10.0% | 10.0% | 9.7% |
| Common Equity Tier 1 | 12.1% | 11.4% | 11.6% | 11.4% | 11.2% |
| Tier 1 capital | 13.6% | 12.9% | 13.1% | 12.8% | 12.6% |
| Total capital | 16.1% | 15.3% | 15.6% | 15.4% | 15.2% |
| Leverage | 11.9% | 11.8% | 11.8% | 11.3% | 11.4% |

---

(1) &nbsp;&nbsp;&nbsp;&nbsp;Stockholders' equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Non-interest expense divided by the sum of net interest income and non-interest income.

(3)&nbsp;&nbsp;&nbsp;&nbsp;Stockholders' equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.

(4)&nbsp;&nbsp;&nbsp;&nbsp;These adjusted measures are non-GAAP measures. Please refer to "GAAP to Non-GAAP Reconciliations" for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.

&nbsp;&nbsp;&nbsp;&nbsp;

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** |
| **CONSOLIDATED BALANCE SHEETS (UNAUDITED)** | **CONSOLIDATED BALANCE SHEETS (UNAUDITED)** | **CONSOLIDATED BALANCE SHEETS (UNAUDITED)** | **CONSOLIDATED BALANCE SHEETS (UNAUDITED)** | **CONSOLIDATED BALANCE SHEETS (UNAUDITED)** | **CONSOLIDATED BALANCE SHEETS (UNAUDITED)** |
| *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* |
|  | **September 30,**<br>**2025** | **June 30,**<br>**2025** | **March 31,**<br>**2025** | **December 31,<br>2024** | **September 30,<br>2024** |
| **Assets** |  |  |  |  |  |
| Cash and due from banks | $212438 | $182451 | $201504 | $176501 | $297048 |
| Interest bearing cash and cash equivalents | 2852387 | 2507691 | 3600969 | 3012307 | 3894537 |
| Available-for-sale debt securities | 3801261 | 3774141 | 3678378 | 3524686 | 3518662 |
| Held-to-maturity debt securities | 743120 | 761907 | 779354 | 796168 | 812432 |
| Equity securities | 55054 | 68692 | 71679 | 75261 | 74426 |
| Trading securities | 2219 | 3888 | 1808 |  |  |
| &nbsp;&nbsp;&nbsp;Investment securities | 4601654 | 4608628 | 4531219 | 4396115 | 4405520 |
| Loans held for sale |  |  |  |  | 9022 |
| Loans held for investment, mortgage finance | 6057804 | 5889589 | 4725541 | 5215574 | 5529659 |
| Loans held for investment | 18134059 | 18035945 | 17654243 | 17234492 | 16764512 |
| Less: Allowance for credit losses on loans | 274026 | 277648 | 278379 | 271709 | 273143 |
| &nbsp;&nbsp;&nbsp;Loans held for investment, net | 23917837 | 23647886 | 22101405 | 22178357 | 22021028 |
| Premises and equipment, net | 88348 | 86831 | 84575 | 85443 | 81577 |
| Accrued interest receivable and other assets | 862820 | 908552 | 854581 | 881664 | 919071 |
| Goodwill and intangibles, net | 1496 | 1496 | 1496 | 1496 | 1496 |
| **Total assets** | $32536980 | $31943535 | $31375749 | $30731883 | $31629299 |
| **Liabilities and Stockholders' Equity** |  |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |
| Non-interest bearing deposits | $7689598 | $7718006 | $7874780 | $7485428 | $9070804 |
| Interest bearing deposits | 19815800 | 18346303 | 18178254 | 17753171 | 16794451 |
| &nbsp;&nbsp;&nbsp;Total deposits | 27505398 | 26064309 | 26053034 | 25238599 | 25865255 |
| Accrued interest payable | 9360 | 14120 | 25270 | 23680 | 18679 |
| Other liabilities | 489708 | 484780 | 457150 | 556322 | 696149 |
| Short-term borrowings | 275000 | 1250000 | 750000 | 885000 | 1035000 |
| Long-term debt | 620416 | 620256 | 660521 | 660346 | 660172 |
| **Total liabilities** | 28899882 | 28433465 | 27945975 | 27363947 | 28275255 |
| **Stockholders' equity:** |  |  |  |  |  |
| Preferred stock, $.01 par value, $1,000 liquidation value: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Authorized shares - 10,000,000 |  |  |  |  |  |
| &nbsp;&nbsp;Issued shares<sup>(1)</sup> | 300000 | 300000 | 300000 | 300000 | 300000 |
| Common stock, $.01 par value: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Authorized shares - 100,000,000 |  |  |  |  |  |
| &nbsp;&nbsp;Issued shares<sup>(2)</sup> | 518 | 517 | 517 | 515 | 515 |
| Additional paid-in capital | 1069582 | 1065083 | 1060028 | 1056719 | 1054614 |
| Retained earnings | 2712298 | 2611401 | 2538385 | 2495651 | 2428940 |
| Treasury stock<sup>(3)</sup> | (361076) | (354000) | (332994) | (301842) | (301868) |
| Accumulated other comprehensive loss, net of taxes | (84224) | (112931) | (136162) | (183107) | (128157) |
| **Total stockholders' equity** | 3637098 | 3510070 | 3429774 | 3367936 | 3354044 |
| **Total liabilities and stockholders' equity** | $32536980 | $31943535 | $31375749 | $30731883 | $31629299 |
| <sup>(1)</sup> Preferred stock - issued shares | 300000 | 300000 | 300000 | 300000 | 300000 |
| <sup>(2)</sup> Common stock - issued shares | 51767419 | 51747305 | 51707542 | 51520315 | 51494260 |
| <sup>(3)</sup> Treasury stock - shares at cost | 6087556 | 6000469 | 5682609 | 5286503 | 5286503 |

---

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **TEXAS CAPITAL BANCSHARES, INC.** | | | | | | | |
| **CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)** | **CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)** | **CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)** | | | | | |
| *(dollars in thousands except per share data)* |  |  |  |  |  |  |  |
|  | **3rd Quarter<br>2025** | **2nd Quarter<br>2025** | **1st Quarter<br>2025** | **4th Quarter<br>2024** | **3rd Quarter<br>2024** | **3rd Quarter YTD 2025** | **3rd Quarter YTD 2024** |
| **Interest income** |  |  |  |  |  |  |  |
| Interest and fees on loans | $379017 | $364358 | $334150 | $340388 | $361407 | $1077525 | $1037537 |
| Investment securities | 49396 | 45991 | 46565 | 44102 | 38389 | 141952 | 104117 |
| Interest bearing cash and cash equivalents | 32202 | 29218 | 46574 | 53081 | 52737 | 107994 | 150325 |
| &nbsp;&nbsp;&nbsp;Total interest income | 460615 | 439567 | 427289 | 437571 | 452533 | 1327471 | 1291979 |
| **Interest expense** |  |  |  |  |  |  |  |
| Deposits | 180779 | 174798 | 174936 | 189061 | 190255 | 530513 | 547135 |
| Short-term borrowings | 534 | 3444 | 8246 | 10678 | 13784 | 12224 | 39316 |
| Long-term debt | 7531 | 7930 | 8073 | 8225 | 8392 | 23534 | 33835 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 188844 | 186172 | 191255 | 207964 | 212431 | 566271 | 620286 |
| **Net interest income** | 271771 | 253395 | 236034 | 229607 | 240102 | 761200 | 671693 |
| **Provision for credit losses** | 12000 | 15000 | 17000 | 18000 | 10000 | 44000 | 49000 |
| **Net interest income after provision for credit losses** | 259771 | 238395 | 219034 | 211607 | 230102 | 717200 | 622693 |
| **Non-interest income** |  |  |  |  |  |  |  |
| Service charges on deposit accounts | 8111 | 8182 | 7840 | 6989 | 6307 | 24133 | 18557 |
| Wealth management and trust fee income | 3989 | 3730 | 3964 | 4009 | 4040 | 11683 | 11306 |
| Brokered loan fees | 2419 | 2398 | 1949 | 2519 | 2400 | 6766 | 6442 |
| Investment banking and advisory fees | 33985 | 24109 | 16478 | 26740 | 34753 | 74572 | 78225 |
| Trading income | 7238 | 7896 | 5939 | 5487 | 5786 | 21073 | 16148 |
| Available-for-sale debt securities losses |  | (1886) |  |  | (179581) | (1886) | (179581) |
| Other | 12841 | 9640 | 8274 | 8330 | 11524 | 30755 | 25875 |
| &nbsp;&nbsp;&nbsp;Total non-interest income | 68583 | 54069 | 44444 | 54074 | (114771) | 167096 | (23028) |
| **Non-interest expense** |  |  |  |  |  |  |  |
| Salaries and benefits | 119856 | 120154 | 131641 | 97873 | 121138 | 371651 | 368705 |
| Occupancy expense | 11828 | 12144 | 10844 | 11926 | 12937 | 34816 | 33340 |
| Marketing | 3412 | 3624 | 5009 | 4454 | 5863 | 12045 | 17895 |
| Legal and professional | 12474 | 11069 | 14989 | 15180 | 11135 | 38532 | 38603 |
| Communications and technology | 24594 | 24314 | 23642 | 24007 | 25951 | 72550 | 69078 |
| Federal Deposit Insurance Corporation insurance assessment | 5198 | 5096 | 5341 | 4454 | 4906 | 15635 | 18897 |
| Other | 13213 | 13875 | 11554 | 14265 | 13394 | 38642 | 39608 |
| &nbsp;&nbsp;&nbsp;Total non-interest expense | 190575 | 190276 | 203020 | 172159 | 195324 | 583871 | 586126 |
| **Income/(loss) before income taxes** | 137779 | 102188 | 60458 | 93522 | (79993) | 300425 | 13539 |
| Income tax expense/(benefit) | 32569 | 24860 | 13411 | 22499 | (18674) | 70840 | 7054 |
| **Net income/(loss)** | 105210 | 77328 | 47047 | 71023 | (61319) | 229585 | 6485 |
| **Preferred stock dividends** | 4313 | 4312 | 4313 | 4312 | 4313 | 12938 | 12938 |
| **Net income/(loss) available to common stockholders** | $100897 | $73016 | $42734 | $66711 | $(65632) | $216647 | $(6453) |
| **Basic earnings/(loss) per common share** | $2.21 | $1.59 | $0.93 | $1.44 | $(1.42) | $4.72 | $(0.14) |
| **Diluted earnings/(loss) per common share** | $2.18 | $1.58 | $0.92 | $1.43 | $(1.41) | $4.67 | $(0.14) |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** |
| **SUMMARY OF CREDIT LOSS EXPERIENCE** | **SUMMARY OF CREDIT LOSS EXPERIENCE** | **SUMMARY OF CREDIT LOSS EXPERIENCE** | **SUMMARY OF CREDIT LOSS EXPERIENCE** | **SUMMARY OF CREDIT LOSS EXPERIENCE** | **SUMMARY OF CREDIT LOSS EXPERIENCE** |
| *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* |
|  | **3rd Quarter** | **2nd Quarter** | **1st Quarter** | **4th Quarter** | **3rd Quarter** |
|  | **2025** | **2025** | **2025** | **2024** | **2024** |
| **Allowance for credit losses on loans:** |  |  |  |  |  |
| Beginning balance | $277648 | $278379 | $271709 | $273143 | $267297 |
| Allowance established for acquired purchase credit deterioration loans |  |  |  |  | 2579 |
| Loans charged-off: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial | 13794 | 13020 | 10197 | 14100 | 6120 |
| &nbsp;&nbsp;&nbsp;Commercial real estate |  | 431 | 500 | 2566 | 262 |
| &nbsp;&nbsp;&nbsp;Consumer |  |  |  |  | 30 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total charge-offs | 13794 | 13451 | 10697 | 16666 | 6412 |
| Recoveries: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commercial | 50 | 486 | 483 | 4562 | 329 |
| &nbsp;&nbsp;&nbsp;Commercial real estate |  |  | 413 | 18 |  |
| &nbsp;&nbsp;&nbsp;Consumer | 4 |  | 4 | 15 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total recoveries | 54 | 486 | 900 | 4595 | 329 |
| Net charge-offs | 13740 | 12965 | 9797 | 12071 | 6083 |
| Provision for credit losses on loans | 10118 | 12234 | 16467 | 10637 | 9350 |
| Ending balance | $274026 | $277648 | $278379 | $271709 | $273143 |
| **Allowance for off-balance sheet credit losses:** |  |  |  |  |  |
| Beginning balance | $56631 | $53865 | $53332 | $45969 | $45319 |
| Provision for off-balance sheet credit losses | 1882 | 2766 | 533 | 7363 | 650 |
| Ending balance | $58513 | $56631 | $53865 | $53332 | $45969 |
| Total allowance for credit losses | $332539 | $334279 | $332244 | $325041 | $319112 |
| Total provision for credit losses | $12000 | $15000 | $17000 | $18000 | $10000 |
| Allowance for credit losses on loans to total loans held for investment | 1.13% | 1.16% | 1.24% | 1.21% | 1.23% |
| Allowance for credit losses on loans to average total loans held for investment | 1.15% | 1.19% | 1.29% | 1.22% | 1.24% |
| Net charge-offs to average total loans held for investment<sup>(1)</sup> | 0.23% | 0.22% | 0.18% | 0.22% | 0.11% |
| Net charge-offs to average total loans held for investment for last 12 months<sup>(1)</sup> | 0.21% | 0.18% | 0.18% | 0.19% | 0.20% |
| Total provision for credit losses to average total loans held for investment<sup>(1)</sup> | 0.20% | 0.26% | 0.32% | 0.32% | 0.18% |
| Total allowance for credit losses to total loans held for investment  | 1.37% | 1.40% | 1.48% | 1.45% | 1.43% |

---

(1)Interim period ratios are annualized.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **TEXAS CAPITAL BANCSHARES, INC.** | | | | | |
| **NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS** | **NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS** | **NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS** | | | |
| *(dollars in thousands)* |  |  |  |  |  |
|  | **3rd Quarter** | **2nd Quarter** | **1st Quarter** | **4th Quarter** | **3rd Quarter** |
|  | **2025** | **2025** | **2025** | **2024** | **2024** |
| **NON-PERFORMING ASSETS** |  |  |  |  |  |
| Non-accrual loans held for investment | $96084 | $113609 | $93565 | $111165 | $88960 |
| Non-accrual loans held for sale |  |  |  |  |  |
| Other real estate owned |  |  |  |  |  |
| Total non-performing assets | $96084 | $113609 | $93565 | $111165 | $88960 |
| Non-accrual loans held for investment to total loans held for investment | 0.40% | 0.47% | 0.42% | 0.50% | 0.40% |
| Total non-performing assets to total assets | 0.30% | 0.36% | 0.30% | 0.36% | 0.28% |
| Allowance for credit losses on loans to non-accrual loans held for investment | 2.9x | 2.4x | 3.0x | 2.4x | 3.1x |
| Total allowance for credit losses to non-accrual loans held for investment | 3.5x | 2.9x | 3.6x | 2.9x | 3.6x |
| **LOANS PAST DUE** |  |  |  |  |  |
| Loans held for investment past due 90 days and still accruing | $126 | $2068 | $791 | $4265 | $5281 |
| Loans held for investment past due 90 days to total loans held for investment | —% | 0.01% | —% | 0.02% | 0.02% |
| Loans held for sale past due 90 days and still accruing | $— | $— | $— | $— | $— |
| **CRITICIZED LOANS** |  |  |  |  |  |
| Criticized loans | $529732 | $637462 | $762887 | $713951 | $897727 |
| Criticized loans to total loans held for investment | 2.19% | 2.66% | 3.41% | 3.18% | 4.03% |
| Special mention loans | $249592 | $339923 | $484165 | $435626 | $579802 |
| Special mention loans to total loans held for investment | 1.03% | 1.42% | 2.16% | 1.94% | 2.60% |

---

------

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** | **TEXAS CAPITAL BANCSHARES, INC.** |
| **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> | **TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)**<sup>(1)</sup> |
| *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* | *(dollars in thousands)* |
|  | **3rd Quarter 2025** | **3rd Quarter 2025** | **3rd Quarter 2025** | **2nd Quarter 2025** | **2nd Quarter 2025** | **2nd Quarter 2025** | **3rd Quarter 2024** | **3rd Quarter 2024** | **3rd Quarter 2024** | **YTD September 30, 2025** | **YTD September 30, 2025** | **YTD September 30, 2025** | **YTD September 30, 2024** | **YTD September 30, 2024** | **YTD September 30, 2024** |
|  | **Average<br>Balance** | **Income/<br>Expense** | **Yield/<br>Rate** | **Average<br>Balance** | **Income/<br>Expense** | **Yield/<br>Rate** | **Average<br>Balance** | **Income/<br>Expense** | **Yield/<br>Rate** | **Average<br>Balance** | **Income/<br>Expense** | **Yield/<br>Rate** | **Average<br>Balance** | **Income/<br>Expense** | **Yield/<br>Rate** |
| **Assets** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Investment securities<sup>(2)</sup> | $4635066 | $49401 | 4.14% | $4573164 | $45999 | 3.93% | $4314834 | $38389 | 3.34% | $4557996 | $141965 | 4.05% | $4346957 | $104117 | 2.97% |
| Interest bearing cash and cash equivalents | 2920102 | 32202 | 4.38% | 2661037 | 29218 | 4.40% | 3958843 | 52737 | 5.30% | 3274086 | 107994 | 4.41% | 3761901 | 150325 | 5.34% |
| Loans held for sale |  |  | —% |  |  | —% | 23793 | 565 | 9.44% | 110 | 2 | 2.97% | 34536 | 2432 | 9.41% |
| Loans held for investment, mortgage finance | 5472467 | 59604 | 4.32% | 5327559 | 58707 | 4.42% | 5152317 | 54371 | 4.20% | 4929539 | 156838 | 4.25% | 4345393 | 128548 | 3.95% |
| Loans held for investment<sup>(3)</sup> | 18253451 | 319921 | 6.95% | 18018626 | 306142 | 6.81% | 16792446 | 306541 | 7.26% | 17935710 | 922154 | 6.87% | 16688820 | 906757 | 7.26% |
| Less: Allowance for credit losses on loans | 277385 |  | —% | 278035 |  |  | 266915 |  | —% | 276076 |  |  | 260024 |  |  |
| Loans held for investment, net | 23448533 | 379525 | 6.42% | 23068150 | 364849 | 6.34% | 21677848 | 360912 | 6.62% | 22589173 | 1078992 | 6.39% | 20774189 | 1035305 | 6.66% |
| Total earning assets | 31003701 | 461128 | 5.88% | 30302351 | 440066 | 5.80% | 29975318 | 452603 | 5.96% | 30421365 | 1328953 | 5.82% | 28917583 | 1292179 | 5.90% |
| Cash and other assets | 1159008 |  |  | 1117118 |  |  | 1239855 |  |  | 1144443 |  |  | 1158758 |  |  |
| **Total assets** | $32162709 |  |  | $31419469 |  |  | $31215173 |  |  | $31565808 |  |  | $30076341 |  |  |
| **Liabilities and Stockholders' Equity** |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Transaction deposits | $2251217 | $13987 | 2.46% | $2213037 | $13731 | 2.49% | $1988688 | $15972 | 3.20% | $2209490 | $41626 | 2.52% | $2018824 | $49812 | 3.30% |
| Savings deposits | 14650152 | 143327 | 3.88% | 13727095 | 134272 | 3.92% | 12240616 | 147770 | 4.80% | 13916232 | 411176 | 3.95% | 11878646 | 427733 | 4.81% |
| Time deposits | 2158228 | 23465 | 4.31% | 2361525 | 26795 | 4.55% | 2070537 | 26513 | 5.09% | 2282419 | 77711 | 4.55% | 1817182 | 69590 | 5.12% |
| Total interest bearing deposits | 19059597 | 180779 | 3.76% | 18301657 | 174798 | 3.83% | 16299841 | 190255 | 4.64% | 18408141 | 530513 | 3.85% | 15714652 | 547135 | 4.65% |
| Short-term borrowings | 44022 | 534 | 4.82% | 306176 | 3444 | 4.51% | 1012608 | 13784 | 5.42% | 364641 | 12224 | 4.48% | 950876 | 39316 | 5.52% |
| Long-term debt | 620348 | 7531 | 4.82% | 649469 | 7930 | 4.90% | 660098 | 8392 | 5.06% | 643274 | 23534 | 4.89% | 765616 | 33835 | 5.90% |
| Total interest bearing liabilities | 19723967 | 188844 | 3.80% | 19257302 | 186172 | 3.88% | 17972547 | 212431 | 4.70% | 19416056 | 566271 | 3.90% | 17431144 | 620286 | 4.75% |
| Non-interest bearing deposits | 8351524 |  |  | 8191402 |  |  | 9439020 |  |  | 8141135 |  |  | 8910067 |  |  |
| Other liabilities | 463034 |  |  | 475724 |  |  | 558368 |  |  | 496644 |  |  | 535221 |  |  |
| Stockholders' equity | 3624184 |  |  | 3495041 |  |  | 3245238 |  |  | 3511973 |  |  | 3199909 |  |  |
| **Total liabilities and stockholders' equity** | $32162709 |  |  | $31419469 |  |  | $31215173 |  |  | $31565808 |  |  | $30076341 |  |  |
| **Net interest income** |  | $272284 |  |  | $253894 |  |  | $240172 |  |  | $762682 |  |  | $671893 |  |
| **Net interest margin** |  |  | 3.47% |  |  | 3.35% |  |  | 3.16% |  |  | 3.34% |  |  | 3.07% |

---

(1)&nbsp;&nbsp;&nbsp;&nbsp;Taxable equivalent rates used where applicable.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Yields on investment securities are calculated using available-for-sale securities at amortized cost.

(3)&nbsp;&nbsp;&nbsp;&nbsp;Average balances include non-accrual loans.

------

**GAAP TO NON-GAAP RECONCILIATIONS**

The following items are non-GAAP financial measures: adjusted non-interest income, adjusted non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue ("PPNR"), adjusted diluted earnings/(loss) per common share, adjusted return on average assets, adjusted return on average common equity, adjusted efficiency ratio, adjusted non-interest income to average earning assets and adjusted non-interest expense to average earning assets. These are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The table below provides a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

These non-GAAP financial measures are adjusted for certain items, listed below, that management believes are non-operating in nature and not representative of its actual operating performance. Management believes that these non-GAAP financial measures provide meaningful additional information about Texas Capital Bancshares, Inc. to assist management and investors in evaluating operating results, financial strength, business performance and capital position. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. As such, these non-GAAP financial measures should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Reconciliation of Non-GAAP Financial Measures** | **Reconciliation of Non-GAAP Financial Measures** | **Reconciliation of Non-GAAP Financial Measures** | | | |
| *(dollars in thousands except per share data)* | **3rd Quarter<br>2025** | **2nd Quarter<br>2025** | **1st Quarter<br>2025** | **4th Quarter<br>2024** | **3rd Quarter<br>2024** |
| Net interest income | $271771 | $253395 | $236034 | $229607 | $240102 |
| Non-interest income | 68583 | 54069 | 44444 | 54074 | (114771) |
| &nbsp;&nbsp;&nbsp;Available-for-sale debt securities losses, net |  | 1886 |  |  | 179581 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest income, adjusted | 68583 | 55955 | 44444 | 54074 | 64810 |
| Non-interest expense | 190575 | 190276 | 203020 | 172159 | 195324 |
| &nbsp;&nbsp;&nbsp;FDIC special assessment |  |  |  |  | 651 |
| &nbsp;&nbsp;&nbsp;Restructuring expenses |  | (1401) |  |  | (5923) |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-interest expense, adjusted | 190575 | 188875 | 203020 | 172159 | 190052 |
| Provision for credit losses | 12000 | 15000 | 17000 | 18000 | 10000 |
| Income tax expense/(benefit) | 32569 | 24860 | 13411 | 22499 | (18674) |
| &nbsp;&nbsp;&nbsp;Tax effect of adjustments |  | 774 |  |  | 44880 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense/(benefit), adjusted | 32569 | 25634 | 13411 | 22499 | 26206 |
| Net income/(loss)<sup>(1)</sup> | $105210 | $77328 | $47047 | $71023 | $(61319) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income/(loss), adjusted<sup>(1)</sup> | $105210 | $79841 | $47047 | $71023 | $78654 |
| Preferred stock dividends | 4313 | 4312 | 4313 | 4312 | 4313 |
| Net income/(loss) to common stockholders<sup>(2)</sup> | $100897 | $73016 | $42734 | $66711 | $(65632) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income/(loss) to common stockholders, adjusted<sup>(2)</sup> | $100897 | $75529 | $42734 | $66711 | $74341 |
| PPNR<sup>(3)</sup> | $149779 | $117188 | $77458 | $111522 | $(69993) |
| PPNR<sup>(3)</sup>, adjusted | $149779 | $120475 | $77458 | $111522 | $114860 |
| Weighted average common shares outstanding, diluted | 46233167 | 46215394 | 46616704 | 46770961 | 46608742 |
| &nbsp;&nbsp;&nbsp;Diluted earnings/(loss) per common share | $2.18 | $1.58 | $0.92 | $1.43 | $(1.41) |
| &nbsp;&nbsp;&nbsp;Diluted earnings/(loss) per common share, adjusted | $2.18 | $1.63 | $0.92 | $1.43 | $1.59 |
| Average total assets | $32162709 | $31419469 | $31103609 | $32212087 | $31215173 |
| &nbsp;&nbsp;&nbsp;Return on average assets | 1.30% | 0.99% | 0.61% | 0.88% | (0.78)% |
| &nbsp;&nbsp;&nbsp;Return on average assets, adjusted | 1.30% | 1.02% | 0.61% | 0.88% | 1.00% |
| Average common equity | $3324184 | $3195041 | $3114389 | $3120933 | $2945238 |
| &nbsp;&nbsp;&nbsp;Return on average common equity | 12.04% | 9.17% | 5.56% | 8.50% | (8.87)% |
| &nbsp;&nbsp;&nbsp;Return on average common equity, adjusted | 12.04% | 9.48% | 5.56% | 8.50% | 10.04% |
| Efficiency ratio<sup>(4)</sup> | 56.0% | 61.9% | 72.4% | 60.7% | 155.8% |
| Efficiency ratio, adjusted<sup>(4)</sup> | 56.0% | 61.1% | 72.4% | 60.7% | 62.3% |
| Average earning assets | $31003701 | $30302351 | $29946425 | $31033803 | $29975318 |
| &nbsp;&nbsp;&nbsp;Non-interest income to average earning assets | 0.88% | 0.72% | 0.60% | 0.69% | (1.52)% |
| &nbsp;&nbsp;&nbsp;Non-interest income to average earning assets, adjusted | 0.88% | 0.74% | 0.60% | 0.69% | 0.86% |
| &nbsp;&nbsp;&nbsp;Non-interest expense to average earning assets | 2.44% | 2.52% | 2.75% | 2.21% | 2.59% |
| &nbsp;&nbsp;&nbsp;Non-interest expense to average earning assets, adjusted | 2.44% | 2.50% | 2.75% | 2.21% | 2.52% |

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(1) &nbsp;&nbsp;&nbsp;&nbsp;Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense/(benefit). On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted, provision for credit losses and income tax expense/(benefit), adjusted.

(2)&nbsp;&nbsp;&nbsp;&nbsp;Net income/(loss), less preferred stock dividends. On an adjusted basis, net income/(loss), adjusted, less preferred stock dividends.

(3)&nbsp;&nbsp;&nbsp;&nbsp;Net interest income plus non-interest income, less non-interest expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted.

(4)&nbsp;&nbsp;&nbsp;&nbsp;Non-interest expense divided by the sum of net interest income and non-interest income. On an adjusted basis, non-interest expense, adjusted, divided by the sum of net interest income and non-interest income, adjusted.

## Exhibit 99.2

![](a3q2025_earningsxpresent001.jpg)© 2025 Texas Capital Bank Member FDIC October 22, 2025 Q3-2025 Earnings

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2 Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI's financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as "believes," "projects," "expects," "may," "estimates," "should," "plans," "targets," "intends" "could," "would," "anticipates," "potential," "confident," "optimistic" or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans. Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management's expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management's control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward- looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; increased or expanded competition from banks and other financial service providers in TCBI's markets; TCBI's ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI's ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI's ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business and new products and services and potential strategic acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI's ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, disruptions or security breaches; TCBI's ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI's securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI's risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI's loans; the failure to identify, attract and retain key personnel and other employees; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; severe weather, natural disasters, climate change, acts of war, terrorism, global or other geopolitical conflicts, or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.

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3 Foundational Tenants of Value Creation in Place Financial Priorities Described 9/1/2021 Building Tangible Book Value // Reinvesting organically generated capital to improve client relevance and create a more valuable franchise Investment // Re-aligning the expense base to directly support the business and investing aggressively to take advantage of market opportunities that we are uniquely positioned to serve Revenue Growth // Growing top- line revenue as a result of expanded banking capabilities for best-in-class clients in our Texas and national markets Flagship Results Proactive, disciplined engagement with the best clients in our markets to provide the talent, products, and offerings they need through their entire life-cycles Structurally higher, more sustainable earnings driving greater performance and lower annual variability Consistent communication, enhanced accountability, and a bias for action ensure execution and delivery Commitment to financial resilience allowing us to serve clients, access markets, and support communities through all cycles Higher quality earnings and a lower cost of capital drive a significant expansion in incremental shareholder returns

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4 Targets Estab. in '21 Where We StartedTargets Estab. in '21 Where We Started Q3 2025 Q2 2025 Q1 2025 YTD 2025 FY 2024 FY 2020Performance Metrics YTD 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020Income Statement >1.10%1.30%0.99%0.61%0.97%0.25%0.18%Return on Average Assets~10%10.3%13.6%8.0%2.9%2.7%2.2% Investment Banking and Trading Income (% of Total Revenue) >12.5%12.0%9.2%5.6% 9.0% 2.0% 2.1%Return on Average Tangible Common Equity3~5%3.6%3.8%2.8%2.4%2.5%1.4%Treasury Product Fees1 (% of Total Revenue) >1.10%1.30%1.02%0.61%0.98%0.74%0.33%Adj. Return on Average Assets415%–20% 18.0%3.3%15.0%28.5%15.2%19.3%Non-Interest Income (% of Total Revenue) >12.5%12.0%9.5%5.6%9.1%7.1%4.2%Adj. Return on Average Tangible Common Equity315%–20%18.2%18.9%15.0%10.3%13.4%11.2%Adj. Non-Interest Income2 (% of Adj. Total Revenue2) >10%12.1%11.4%11.6%12.1%11.4%9.4%CET1Balance Sheet >20%25%28%30%30%38%29%Average Cash & Securities (% of Total Average Assets) <15%6%7%7%16%27%36%Average Indexed Deposits (% of Total Deposits) 2021 Strategic Performance Drivers Treasury Solutions Private Wealth Investment Banking YoY GrowthQ3 '25Q2 '25Q1 '25Q4 '24Q3 '24Financial Performance 3%$4.2 $4.1 $3.8 $4.0$4.1Assets Under Management5 ($bn) 23%$11.1 $11.6 $10.6 $9.5 $9.1 Treasury Product Fees1 ($mm) (1%)$4.0 $3.7 $4.0 $4.0 $4.0 Wealth Management & Trust Fee Income ($mm) 2%$41.2 $32.0 $22.4 $32.2 $40.5 Investment Banking & Trading Income ($mm) 5%$56.3 $47.3 $37.0 $45.7 $53.7 Income from Areas of Focus ($mm)  Treasury product fees1 grew more than 20% YoY for the 4th consecutive quarter; service charges on deposits up nearly 30%  Deposits, excl. mortgage finance non-interest bearing, brokered, and indexed deposits, increased $2.9bn or 16% YoY  Record quarter driven by Syndications, Sales & Trading, and broad contributions across Debt and Equity Capital Markets  Greater deal flow, expanded capabilities, and sustained adoption driving structurally higher and more granular revenue profile  Assets under management increased for the second straight quarter, up 3% YoY, with associated growth in banking solutions  Multi-quarter trends reflect improved platform integration and accelerating pace of new client acquisition; wealth fees up 7% QoQ     

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5 Q2 2025Q3 2024Non-GAAP4 Adjustments ($mm) 54.1(114.8)Non-Interest Income 1.9179.6Loss on AFS Securities Sale 56.064.8Non-Interest Income, Adj. 190.3195.3Non-Interest Expense 0.00.7FDIC Special Assessment (1.4)(5.9)Restructuring Expenses 0.00.0Legal Settlement 188.9190.1Non-Interest Expense, Adj. Financial Performance // Income Statement Adjusted (Non-GAAP4) Adjusted (Non-GAAP4) Adjusted (Non-GAAP4) Adjusted (Non-GAAP4)Financial Highlights ($mm) Q3 2025Q2 2025Q2 2025Q3 2024Q3 2024YTD 2025YTD 202520242024 $271.8 $253.4 $253.4 $240.1 $240.1 $761.2 $761.2 901.3 901.3 Net Interest Income 68.6 56.0 54.1 64.8 (114.8)169.0 167.1 210.6 31.0 Non-Interest Revenue 340.4 309.4 307.5 304.9 125.3 930.2 928.3 1,111.9 932.3 Total Revenue 190.6 188.9 190.3 190.1 195.3 582.5 583.9 742.5 758.3 Non-Interest Expense 149.8 120.5 117.2 114.9 (70.0)347.7 344.4 369.4 174.1 PPNR6 12.0 15.0 15.0 10.0 10.0 44.0 44.0 67.0 67.0 Provision for Credit Losses 32.6 25.6 24.9 26.2 (18.7)71.6 70.8 76.8 29.6 Income Tax Expense 105.2 79.8 77.3 78.7 (61.3)232.1 229.6 225.6 77.5 Net Income 4.3 4.3 4.3 4.3 4.3 12.9 12.9 17.3 17.3 Preferred Stock Dividends 100.9 75.5 73.0 74.3 (65.6)219.2 216.6 208.3 60.3 Net Income to Common Performance Metrics 1.30% 1.02% 0.99% 1.00% (0.78%)0.98% 0.97% 0.74% 0.25% Return on Average Assets 1.85% 1.54% 1.50% 1.46% (0.89%)1.47% 1.46% 1.21% 0.57% PPNR6 / Average Assets 56.0% 61.1% 61.9% 62.3% 155.8% 62.6% 62.9% 66.8% 81.3% Efficiency Ratio7 12.0% 9.5% 9.2% 10.0% (8.9%)9.1% 9.0% 7.0% 2.0% Return on Average Common Equity $2.18 $1.63 $1.58 $1.59 ($1.41)$4.73 $4.67 $4.43 $1.28 Earnings Per Share YTD 20252024Non-GAAP4 Adjustments ($mm) 167.131.0Non-Interest Income 1.9179.6Loss on AFS Securities Sale 169.0210.6Non-Interest Income, Adj. 583.9758.3Non-Interest Expense 0.0(2.8)FDIC Special Assessment (1.4)(7.9)Restructuring Expenses 0.0(5.0)Legal Settlement 582.5742.5Non-Interest Expense, Adj.

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6 Balance Sheet Highlights ($mm) Ending Balances YoYQoQQ3 2025Q2 2025Q3 2024 Assets (27%)14% 3,065 2,690 4,192 Cash and Equivalents 4% (0%)4,602 4,609 4,406 Total Securities 9% 1% 11,999 11,931 10,968 Commercial Loans 7% 1% 5,697 5,665 5,315 CRE Loans (5%)(0%)540 541 569 Consumer Loans 10% 3% 6,058 5,890 5,530 Mortgage Finance Loans 9% 1% 24,294 24,026 22,381 Gross LHI 0% (1%)(274)(278)(273)Allowance for Credit Losses on Loans 3% 2% 32,537 31,944 31,629 Total Assets Financial Performance // Quarterly Balance Sheet Highlights Performance Metrics 24% 23% 27% Cash & Securities % of Assets 49% 50% 49% Commercial Loans % of Gross LHI (333)(334)(319)Total Allowance for Credit Losses ($mm) 1.37% 1.40% 1.43% Total ACL / Total LHI YoYQoQQ3 2025Q2 2025Q3 2024 Liabilities (15%)(0%)7,690 7,718 9,071 Non-Interest Bearing Deposits 18% 8% 19,816 18,346 16,794 Interest Bearing Deposits 6% 6% 27,505 26,064 25,865 Total Deposits (73%)(78%)275 1,250 1,035 Short-Term Borrowings 2% 2% 28,900 28,433 28,275 Total Liabilities Equity 8% 3% 3,421 3,323 3,182 Common Equity, Excl. AOCI (34%)(25%)(84)(113)(128)AOCI 8% 4% 3,637 3,510 3,354 Total Shareholder's Equity (1%)(0%)45,679,863 45,746,836 46,207,757 Common Shares Outstanding 88% 92% 86% Total LHI % of Deposits 28% 30% 35% Non-Interest Bearing % of Deposits $73.05 $70.17 $66.09 Book Value Per Share $73.02 $70.14 $66.06 Tangible Book Value Per Share8

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7 $3.9 $3.5 $4.4 $5.2 $5.4 $4.0 $5.3 $5.5 $4.0 $4.2 $5.1 $5.5 $5.2 $4.7 $5.9 $6.1 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $5.3 $5.6 $5.8 $5.7 $5.7 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $11.0 $11.1 $11.4 $11.9 $12.0 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025  Total LHI excl. mortgage finance increased $1.4bn or 8% YoY  Ending period commercial loans increased $1.0bn or 9% YoY  Average commercial loans increased $317mm or 3% QoQ  Ending period commercial loan commitments increased $576mm QoQ or 11% annualized  Commercial real estate loans increased $32mm or 1% QoQ  Multifamily comprises $2.3bn or 41% of CRE loans  Average mortgage finance loan balances driven by anticipated Q3 seasonality resulting in increases of $145mm or 3% QoQ to $5.5bn Loan Portfolio Composition Mortgage Finance Loans ($bn) Commercial Loans ($bn) Commercial Real Estate Loans ($bn) Average Period End

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8 $3.5 $3.5 $3.4 $3.4 $3.4 $3.1 $6.0 $5.8 $4.5 $4.8 $4.9 $4.6 $15.8 $16.9 $17.4 $18.0 $19.0 $19.0 $0.5 $0.5 $0.5 $0.3 $0.0 $0.8 $25.7 $26.7 $25.7 $26.5 $27.4 $27.5 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2025 2.94% 2.81% 2.76% 2.65% 2.62% 2.76% 2.61% 2.54% 2.41% 2.36% 4.64% 4.32% 3.97% 3.83% 3.76% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q3 2025 EOP Deposit and Funding Composition  Total deposit balances increased $1.4bn or 6% QoQ  Average non-interest bearing, excl. MF9 deposits increased $67mm or 2% QoQ to $3.4bn  Average MF9 non-interest bearing deposits declined $1.1bn YoY to $4.9bn, representing 90% of average mortgage finances loans in Q3 2025 compared to 116% in Q3 of last year  Growth in client interest bearing deposit categories has allowed for the deliberate reduction of non-interest bearing deposits associated with Mortgage Finance over the last 12 months  The majority of MF9 non-interest bearing deposits are compensated through relationship pricing which results in application of an interest credit to either the client's mortgage finance or commercial loan yield  Average cost of interest bearing deposits declined 7bps to 3.76%  Cumulative beta of 70% since the beginning of the current easing cycle inclusive of the late September rate cut Average Deposit Trends ($bn) Mortgage Finance Self Funding Ratio Funding Costs Avg Cost of Total Deposits Total Cost of Funds Avg Cost of Int. Bearing Deposits Non-Interest Bearing, Excl. MF9 MF9 Non-Interest Bearing Interest Bearing Interest Bearing Brokered YoY Change Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 ($1.1)$4.9 $4.8 $4.5 $5.8 $6.0 Average MF9 Non-Interest Bearing Deposits ($bn) $0.3 $5.5 $5.3 $4.0 $5.4 $5.2 Average MF9 Loans ($bn) (26%)90% 91% 113% 107% 116% MF9 Self Funding Ratio

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![](a3q2025_earningsxpresent009.jpg)

9 (12.0%) (12.5%) (5.9%) (6.4%) 3.8% 4.0% 7.4% 7.7% (10.0%) (8.0%) (6.0%) (4.0%) (2.0%) 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Q2 2025 Q3 2025 -200bps Shock -100bps Shock +100bps Shock +200bps Shock Net Interest Income Sensitivity Standard Model Assumptions10 100bp & 200bp Parallel Shocks  Loan Balances: Static  Deposit Balances: Static  Loan Spreads: Current Levels  Up Scenario Int. Bearing Deposit Beta: ~80%  Down Scenario Int. Bearing Deposit Beta: ~70%  Investment Portfolio: Ratio held constant Hedging Profile Net Interest Income Sensitivity – Static Balance Sheet ($mm) $1,059mm$1,123mmBase NII11 Earning Assets Profile (Average) Q3 2025Q2 2025 YieldBalance ($mm)YieldBalance ($mm) 4.38% $2,920 4.40% $2,661 Interest Bearing Cash and Equivalents 4.14% 4,635 3.93% 4,573 Securities 6.95% 18,253 6.81% 18,019 LHI Excl. Mortgage Finance LHI 4.32% 5,472 4.42% 5,328 Mortgage Finance LHI --(277)--(278)ACL on Loans 5.88% $31,004 5.80% $30,302 Earning Assets  94% of LHI excl. mortgage finance LHI are variable rate  $1.1bn of loans, or 6%, are fixed with 14% maturing or repricing in the next 12 months  Duration of the securities portfolio is ~4 years with Q3 cash flows of $166mm  $143mm of AFS securities purchased in Q3 with an average rate of 5.6%  Added $300mm of 2 year forward starting receiving fixed swaps with a weighted average receive rate of 3.45% against 1- month SOFR beginning in 4Q Impacts of Mortgage Finance  Mortgage finance LHI represents 23% of the average total LHI portfolio with the majority tied to 1-month SOFR which declined 19bps in Q3  Given the current outlook and observed seasonality, the average mortgage finance self funding ratio is expected to decline to ~85% in Q4  Firm's overall net interest income sensitivity (per the chart above) is inclusive of mortgage finance NII impact on a flat balance sheet and does not account for changes in warehouse volumes in either a lower or higher rate environment $83 $42 ($66) ($135) $81 $43 ($68) ($133) Receive Rate Average Notional Balance ($bn) 3.18%1.5Q3 2025 3.56%1.0Q4 2025 3.58%0.9Q1 2026 3.67%0.7Q2 2026 3.67%0.7Q3 2026 3.67%0.7Q4 2026

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10 $118.7 $97.9 $131.6 $118.8 $119.9 $71.3 $74.3 $71.4 $70.1 $70.7 $5.3 $1.4 $195.3 $172.2 $203.0 $190.3 $190.6 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 ($114.8) $54.1 $44.4 $54.1 $68.6 $64.8 $56.0 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $240.1 $229.6 $236.0 $253.4 $271.8 3.16% 2.93% 3.19% 3.35% 3.47% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 $253.4 $3.8 $7.3 $1.6 ($0.7) $2.7 $6.4 ($7.1) $1.1 $3.3 $271.8 Q2 2025 Loans Excl MF Volume Loans Excl MF Yield MF Loan Volume MF Yield Loan Fees Investment Securities & Cash Interest Bearing Deposits Volume Interest Bearing Deposit Cost Borrowings Q3 2025 60% 57% 65% 62% Q3-2025 Earnings Overview Net Interest Margin ($mm)Net Interest Income ($mm) Non-Interest Income ($mm) Non-Interest Expense ($mm) 63%  Net interest income increased $18.4mm QoQ supported by continued LHI growth and higher LHI excl. MF9 yields  Net interest margin expanded by 12bps QoQ, and 54bps year to date  Quarterly adjusted non-interest expense4 increased $0.5mm YoY to $190.6mm, reflecting maturation of the platform with expense aligned with growth objectives  YTD net interest income increased 13% despite a 125bps reduction in short-term rates this easing cycle to date 9 9 9 9 37% % of Total Revenue, Adj.4 21% 19% 16% 18% 20% 3% 43% 1% 35% Net Interest Income Net Interest Margin Salaries & Benefits Other NIE Non-Recurring Items4Non-Interest Income Non-Interest Income, Adj.4 37% 37%

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11 75% 70% 71% 64% 51% 25% 30% 28% 34% 48% 1% 2% 1% $579.8 $435.6 $484.2 $339.9 $249.6 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 73% 79% 80% 92% 91% 26% 20% 20% 8% 9% 1% 1% $317.9 $278.3 $278.7 $297.5 $280.1 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 3.6x 2.9x 3.5x 0.28% 0.36% 0.30% 0.36% 0.30% 0.11% 0.22% 0.18% 0.22% 0.23% 4.03% 3.18% 3.41% 2.66% 2.19% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 1.43% 1.40% 1.37% 1.87% 1.79% 1.79% Q3 2024 Q2 2025 Q3 2025 Asset Quality Trends Allowance for Credit Loss Reserve Ratios Asset Quality Ratios Special Mention Composition ($mm) Substandard Composition ($mm) $13.7$13.0$9.8$12.1 $6.1 Net Charge-Offs ($mm) Total ACL / Non- accrual Loans HFI  Total ACL, excl. MF9 increased to $323.8mm  Total ACL, excl. MF9 to LHI, excl. MF9 in the top decile among Peers12 Total ACL to LHI ratio  Total ACL declined $1.7mm QoQ to $332.5mm  $13.7mm of net charge-offs, 0.23% of average LHI, primarily related to previously identified problem credits  Provision expense as a percentage of average LHI of 20bps  Provision expense as a percentage of average LHI excl. MF9 of 26bps  Year to date provision expense as a percentage of average LHI excl. MF9 of 33bps  Criticized LHI declined $368mm or 41% YoY, with the percentage of total LHI declining 184bps to 2.19%  Special mention LHI declined $90mm or 27% QoQ  Non-Accrual loans HFI declined $17.5mm QoQ  Total ACL increased to 3.5x non- accrual loans HFI Commercial Mortgage Finance Real Estate ConsumerCommercial Mortgage Finance Real Estate Consumer Total ACL / LHI Total ACL, Excl. MF9 / LHI Excl. MF9 Q3 2024 Q2 2025 Q3 2025 Criticized / LHI NPAs / Total Assets NCOs / Avg. LHI

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12 66.06 66.32 67.97 70.14 73.02 66.09 66.36 68.00 70.17 73.05 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 9.65 9.98 9.97 10.04 10.25 9.66 9.98 9.98 10.05 10.26 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 11.19% 11.38% 11.63% 11.45% 12.14% >11.00% 1.44% 1.44% 1.46% 1.41% 1.46% 2.54% 2.55% 2.51% 2.44% 2.50% 15.17% 15.37% 15.61% 15.30% 16.10% Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 2025 Target Tangible Common Equity / Tangible Assets13 Common Equity / Total Assets 2025 YE Target Capital Position and Trends  Regulatory capital ratios continue to build  Total capital ratio of 16.10%, in the top quintile of the peer group12, and CET1 ratio of 12.14%  Tangible common equity to tangible assets13 ended the quarter at 10.25%, an important characteristic of our financially resilient business model and a key metric as we manage the balance sheet through- cycle  Tangible common equity to tangible assets13 in top quartile of peer group12  Tangible book value per share8 increased by $2.88 or 4% QoQ as a result of income generated and AOCI accretion  TBVPS8 of $73.02 is an all-time high for the Firm  Repurchased 87 thousand shares in Q3 for a total of $7mm at a weighted average price of approximately 114% of prior month tangible book value per share  $141mm remaining on the 2025 authorization at the end of Q3 Regulatory Capital Levels Tangible Common Equity / Tangible Assets13 (%) Period End AOCI ($mm) (84)(113)(136)(183)(128) AOCI per Share ($) (1.84)(2.47)(2.96)(3.96)(2.77) Peer12 Tangible Common Equity / Tangible Assets13 (%) 8.468.258.108.01 CET1 Tier 1 Capital Tier 2 Capital Tangible Book Value per Share8 Book Value per Share Tangible Book Value per Share8 ($)

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13 Full Year 2025 Guidance FY 2024 Adjusted (Non-GAAP4) Low double-digit % growth$1,111.9mmTotal Revenue, Adjusted4 Mid single-digit % growth$742.5mmNon-Interest Expense, Adjusted4 30bps - 35bps40bpsProvisions / Avg LHI, Excl. Mortgage Finance LHI >11%11.38%CET1 Ratio Full Year 2025 Guidance  Forward curve14 assumes 25bps cuts in October and December with an exit rate of 3.75% at year end 2025  Total Revenue, Adjusted4 guidance remains unchanged  Non-Interest Expense, Adjusted4 guidance decreased from mid to high single-digit percent annual growth  Provisions / Average LHI, Excl. Mortgage Finance LHI guidance remains unchanged  CET1 Ratio target guidance remains unchanged  Tax rate expected to be ~24% for the full year in 2025 Guidance Commentary

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14 1. Includes service charges on deposit accounts, as well as fees related to our commercial card program, merchant transactions, and FX transactions, all of which are included in other non-interest income and totaled $2.8mm for FY 2020, $4.0mm for FY 2021, $6.1mm for FY 2022, $9.4mm for FY 2023, $10.2mm for FY 2024, and $9.2mm for YTD 2025 and $2.8mm, $2.5mm, $2.8mm, $3.4mm, and $3.0mm for Q3 2024, Q4 2024, Q1 2025, Q2 2025, and Q3 2025, respectively 2. Non-GAAP Reconciliation // Adjusted Non-Interest Income and Total Revenue 3. See slide: Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE) 4. See slide: Non-GAAP Reconciliation // Adjusted Earnings & Ratios 5. Assets Under Management includes non-discretionary brokerage assets that the Firm earns wealth management and trust fee income on 6. "PPNR" used as an abbreviation for Pre-Provision Net Revenue which is the sum of net interest income and non-interest income, less non-interest expense 7. Non-interest expense divided by the sum of net interest income and non-interest income 8. Stockholders' equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end 9. "MF" used as abbreviation for Mortgage Finance 10. Model assumptions are only for Q3 2025; See prior TCBI Earnings Materials for prior model assumptions 11. Baseline scenarios hold constant balances, market rates, and assumptions as of period end reporting 12. Major exchange traded US peer banks with $20-100bn in total assets, excluding PR headquartered banks and merger targets; Source: S&P Capital IQ Pro; peer data as of Q2 2025 13. Stockholders' equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles 14. Forward curve as of September 18, 2025 YTD 2025 ($mm)2024 ($mm)2023 ($mm)2022 ($mm)2021 ($mm)2020 ($mm) Adjusted3As Reported Adjusted3As Reported Adjusted As Reported Adjusted2As Reported Adjusted1As Reported Adjusted1As Reported $761.2 $761.2 $901.3 $901.3 $914.1 $914.1 $875.8 $875.8 $767.6 $768.8 $821.1 $851.3 Net Interest Income 169.0167.1210.6 31.0 161.4 161.4 101.0 349.5 119.5 138.3 103.7 203.0 Non-Interest Income $930.2 $928.3$1,111.9 $932.3 $1,075.5 $1,075.5 $976.8 $1,225.3 $887.1 $907.1 $924.8 $1,054.3 Total Revenue 18.2%18.0%18.9%3.3%15.0%15.0%10.3%28.5%13.4%15.2%11.2%19.3%Non-Interest Income % of Total Revenue 1) Adjusted to remove revenue contribution of exited Correspondent Lending Line of Business 2) Adjusted to remove non-recurring gain on sale of Insurance Premium Finance Loan Portfolio 3) Adjusted to remove non-recurring loss on sale of AFS securities Appendix // Footnotes

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15 YTD 2025 ($mm)Q3 2025 ($mm)Q2 2025 ($mm)Q1 2025 ($mm)2024 ($mm)2020 ($mm) Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported $219.2 $216.6 $100.9 $100.9 $75.5 $73.0 $42.7 $42.7 $208.3 $60.3 $112.6$56.5Net Income to Common $3,212.0 $3,212.0 $3,324.2 $3,324.2 $3,195.0 $3,195.0 $3,114.4 $3,114.4 $2,955.5 $2,955.5 $2,686.7$2,686.7Average Common Equity 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 17.917.9Less: Average Goodwill & Intangibles $3,210.5 $3,210.5 $3,322.7 $3,322.7 $3,193.5 $3,193.5 $3,112.9 $3,112.9 $2,954.0 $2,954.0 $2,668.8$2,668.8Average Tangible Common Equity 9.1%9.0%12.0%12.0%9.5%9.2%5.6%5.6%7.0%2.0%4.2%2.1%ROACE 9.1%9.0%12.0%12.0%9.5%9.2%5.6%5.6%7.1%2.0%4.2%2.1%ROATCE Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE) ROATCE is a non-GAAP financial measure. ROATCE represents the measure of net income available to common shareholders as a percentage of average tangible common equity. ROATCE is used by management in assessing financial performance and use of equity. A reconcilement of ROATCE to the most directly comparable U.S. GAAP measure, ROACE, for all periods is presented below. (1) See slide Non-GAAP Reconciliation // Adjusted Earnings & Ratios

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16 Non-GAAP Reconciliation // Adjusted Earnings & Ratios Adjusted line items are non-GAAP financial measures that management believes aids in the discussion of results. A reconcilement of these adjusted items to the most directly comparable U.S. GAAP measures for all periods is presented below. Periods not presented below did not have adjustments. YTD 2025FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 Q2 2025 Q3 2024 ($mm, Except per Share) $761.2 $901.3 $914.1 $875.8 $768.8 $851.3 $253.4 $240.1 Net Interest Income $167.131.0 161.4 349.5 138.3 203.0 54.1 (114.8)Non-Interest Revenue Adjustments for Non-Recurring Items: ---(248.5)----Gain on Sale of Insur. Prem. Finance 1.9 179.6 ----1.9 179.6Loss on AFS Securities Sale 169.0210.6 161.4 101.0 138.3 203.056.0 64.8 Non-Interest Revenue, Adjusted $583.9758.3 756.9 727.5 599.0 704.4 190.3 195.3 Non-Interest Expense Adjustments: ---(29.6)-(17.8)--Transaction Costs (1.4)(7.9)-(9.8)(12.0)(54.0)(1.4)(5.9)Restructuring Expense -(5.0)------Legal Settlement ---(8.0)----Charitable Contribution -(2.8)(19.9)----0.7 FDIC Special Assessment 582.5742.5 737.1 680.1 587.0 632.6 188.9 190.1 Non-Interest Expense, Adjusted 344.4174.1 318.6 497.8 308.1 349.9 117.2 (70.0)PPNR6 347.7 369.4 338.5 296.6 320.1 421.7 120.5 114.9 PPNR6, Adjusted $44.067.0 72.0 66.0 (30.0)258.0 15.0 10.0 Provision for Credit Losses $70.829.6 57.5 99.3 84.1 25.7 24.9 (18.7)Income Tax Expenses 0.8 47.2 4.6 (45.4)2.7 15.6 0.8 44.9 Tax Impact of Adjustments Above 71.6 76.8 62.1 53.9 86.8 41.3 25.6 26.2 Income Tax Expenses, Adjusted 229.677.5 189.1 332.5 253.9 66.3 77.3 (61.3)Net Income 232.1 225.6 204.4 176.8 263.2 122.4 79.8 78.7 Net Income, Adjusted $12.917.3 17.3 17.3 18.7 9.8 4.3 4.3 Preferred Stock Dividends 216.660.3 171.9 315.2 235.2 56.5 73.0 (65.6)Net Income to Common 219.2 208.3 187.1 159.5 244.5 112.6 75.5 74.3 Net Income to Common, Adjusted $31,565.8$30,613.2 $29,537.3 $32,049.8 $38,140.3 $37,516.2 $31,419.5 $31,215.2 Average Assets 0.97% 0.25% 0.64%1.04%0.67%0.18%0.99% (0.78%)Return on Average Assets 0.98% 0.74% 0.69%0.55%0.69%0.33%1.02% 1.00% Return on Average Assets, Adjusted 1.46% 0.57% 1.08%1.55%0.81%0.93%1.50% (0.89%)PPNR6 / Average Assets 1.47% 1.21% 1.15%0.93%0.84%1.12%1.54% 1.46% PPNR6, Adjusted / Average Assets $3,212.0 $2,955.5 $2,795.0 $2,783.3 $2,815.7 $2,686.7 $3,195.0 $2,945.2 Average Common Equity 9.02% 2.04% 6.15%11.33%8.35%2.10%9.17% (8.87%)Return on Average Common Equity 9.12% 7.05% 6.70%5.73%8.68%4.19%9.48% 10.04% Return on Average Common Equity, Adjusted 46,348,23646,989,204 48,610,206 51,046,742 51,140,974 50,582,979 46,215,394 46,608,742 Diluted Common Shares $4.67 $1.28 $3.54 $6.18 $4.60 $1.12 $1.58 ($1.41)Earnings per Share $4.73$4.43 $3.85 $3.13 $4.78 $2.23 $1.63 $1.59 Earnings per Share, Adjusted

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