Texas Capital Bancshares, Inc. Announces Fourth Quarter and Full Year 2025 Results

Q: What was Texas Capital (TCBI) Q4 2025 net income and EPS?

Q4 2025 net income available to common stockholders was $96.3 million , and diluted EPS was $2.12 .

Q: What capital and book value metrics did TCBI report for Dec 31, 2025?

Book value per share was $75.28 , tangible book value per share $75.25 , CET1 ratio 12.1% , and total capital 16.1% .

Q: What share repurchase actions did Texas Capital (TCBI) announce in Q4 2025?

The board authorized a new $200.0 million repurchase program (through Dec 31, 2026); in Q4 the company repurchased 1,445,212 shares for $126.6 million .

Q: Did Texas Capital (TCBI) report any credit quality deterioration in Q4 2025?

Yes; Q4 included $10.7 million net charge-offs, an $11.0 million provision for credit losses, and criticized loans rose to $634.9 million .

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Negative)

Rhea-AI Summary

Texas Capital Bancshares (NASDAQ: TCBI) reported Q4 2025 net income available to common stockholders of $96.3 million (up 44% YoY) and full-year 2025 net income of $312.994 million. Diluted EPS was $2.12 for Q4 and $6.79 for full-year 2025. Book value per share was $75.28 and tangible book value per share was $75.25, each up ~13% year-over-year. Capital ratios remained strong with CET1 12.1% and Total Capital 16.1%. The company authorized a new $200.0 million share repurchase program (through Dec 31, 2026) and repurchased 1,445,212 shares for $126.6 million in Q4. Provision for credit losses was $11.0 million in Q4, with net charge-offs of $10.7 million.

Positive

Q4 net income +44% YoY to $96.3M
Full-year net income $312.994M for 2025
Book value per share $75.28, +13% YoY
CET1 ratio 12.1% and Total Capital 16.1%
Authorized buyback $200.0M through Dec 31, 2026
Q4 repurchases 1,445,212 shares for $126.6M

Negative

Q4 net charge-offs $10.7M
Provision for credit losses $11.0M in Q4
Criticized loans increased to $634.9M at Dec 31, 2025
Non-accrual LHI rose to $116.9M at Dec 31, 2025

News Market Reaction

-0.04%

1 alert

-0.04% News Effect

On the day this news was published, TCBI declined 0.04%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 net income to common: $96.3 million Diluted EPS Q4 2025: $2.12 Net interest income Q4 2025: $267.4 million +5 more

8 metrics

Q4 2025 net income to common $96.3 million Fourth quarter 2025, up 44% year-over-year

Diluted EPS Q4 2025 $2.12 Fourth quarter 2025 diluted earnings per common share

Net interest income Q4 2025 $267.4 million Fourth quarter 2025 net interest income

Return on average assets 1.22% Q4 2025 ROAA compared to 0.88% in Q4 2024

CET1 ratio 12.1% Regulatory capital ratio as of December 31, 2025

Total revenue 2025 $1,255,779 thousand Full year 2025 total revenue (in thousands)

Share repurchase authorization $200.0 million New program authorized through December 31, 2026

Shares repurchased Q4 2025 1,445,212 shares for $126.6 million Fourth quarter 2025 buybacks at $86.76 average price

Market Reality Check

Price: $104.62 Vol: Volume 809,090 is 2.27x t...

high vol

$104.62 Last Close

Volume Volume 809,090 is 2.27x the 20-day average of 356,965, indicating elevated interest ahead of and around this earnings release. high

Technical Price at $102.28 is above the 200-day MA of $82.85 and trading within 0.36% of its 52-week high of $102.65.

Peers on Argus

TCBI gained 5.13%, while key regional bank peers also advanced, with moves such ...

TCBI gained 5.13%, while key regional bank peers also advanced, with moves such as AUB +6.22%, UCB +4.15% and RNST +3.77%. Despite this broad strength, the momentum scanner did not flag a coordinated sector move, so the reaction is treated as stock-specific to these earnings.

Historical Context

5 past events · Latest: Jan 08 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 08	Earnings date notice	Neutral	-0.3%	Announced timing of full year and Q4 2025 results and conference call.
Nov 19	ETF liquidation	Neutral	+0.1%	Announced orderly liquidation and cash distribution for Texas Small Cap ETF.
Oct 27	Preferred dividend	Neutral	-2.4%	Declared quarterly dividend on 5.75% Series B preferred depositary shares.
Oct 22	Q3 2025 earnings	Positive	+3.0%	Reported record Q3 2025 results with EPS of <b>$2.18</b> and strong capital.
Oct 08	Earnings date notice	Neutral	-1.3%	Scheduled Q3 2025 results release and related conference call webcast.

Pattern Detected

Across recent earnings releases, TCBI has typically reacted positively to strong financial results, with three earnings reports showing gains and one notable negative reaction following Q4 2024 results.

Recent Company History

Over the last year, TCBI has used earnings announcements to highlight a consistent strengthening of profitability and capital. Q4 2024 results (news 801586) marked a turnaround with higher fee income, deposit and loan growth and CET1 at 11.4%. Subsequent 2025 quarters (news 839521, 879091, 921715) showed rising net income, improving net interest margin and ongoing share repurchases. Today’s Q4 and full-year 2025 report continues that narrative with higher earnings, strong capital ratios and additional buybacks, extending the multi-quarter transformation story.

Market Pulse Summary

This announcement details robust Q4 and full‑year 2025 performance, including net income to common o...

Analysis

This announcement details robust Q4 and full‑year 2025 performance, including net income to common of $96.3 million, diluted EPS of $2.12, and a CET1 ratio of 12.1%. Book and tangible book value per share reached record levels, and the board authorized a new $200.0 million buyback while repurchasing 1,445,212 shares in Q4. Investors may track trends in net interest margin, criticized loans, non‑accrual levels and capital ratios across future quarters to gauge the trajectory of this multi‑year transformation.

Key Terms

tangible book value, net interest margin, provision for credit losses, net charge-offs, +4 more

8 terms

tangible book value financial

"Book Value and Tangible Book Value(4) per share both increased 13% year-over-year"

Tangible book value is the accounting measure of a company’s net worth after removing intangible items like goodwill, patents and trademarks, leaving only physical and financial assets minus liabilities. For investors it offers a clearer view of the company’s hard-asset backing per share—like estimating the cash you could get by selling the furniture, machinery and cash in a house—helping gauge downside risk and whether a stock may be cheaply valued.

net interest margin financial

"Net interest margin for the fourth quarter of 2025 was 3.38%, a decrease of 9 basis points"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

provision for credit losses financial

"Provision for credit losses for the fourth quarter of 2025 was $11.0 million"

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

net charge-offs financial

"resulted primarily from an increase in criticized loans and $10.7 million in net charge-offs"

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

criticized loans financial

"Criticized loans totaled $634.9 million at December 31, 2025"

Criticized loans are bank loans that examiners or the bank itself have flagged as showing signs of weakness—such as higher risk of late payments, reduced collateral value, or borrower stress—but that are not yet officially defaulted. They matter to investors because a growing pile of such loans can signal deteriorating credit quality and higher future losses for a lender, much like small warning lights on a car dashboard that suggest a problem that, if ignored, could lead to a breakdown.

non-accrual financial

"Non-accrual LHI totaled $116.9 million at December 31, 2025"

A non-accrual loan or asset is one for which a lender has stopped counting expected interest as income because the borrower is very late on payments or in serious financial trouble. For investors, non-accruals signal that future cash from interest is uncertain and that the lender may need to write down the loan’s value or set aside extra reserves, similar to a landlord who stops recording rent when a tenant stops paying.

tangible common equity financial

"our ratio of tangible common equity to total tangible assets was 10.6%"

Tangible common equity is the portion of a company’s net worth that belongs to ordinary shareholders after removing intangible items (like goodwill or patents) and any preferred claims; it’s often expressed on a per-share basis. Think of it as the hard, sellable value left for common owners if you removed non-physical assets and paid off debts—investors use it to judge how much real cushion a company has and whether the stock might be under- or over-valued.

special assessment regulatory

"the FDIC determined that the special assessment extended collection period was no longer necessary"

A special assessment is a one-time fee or charge imposed outside a company’s regular operating costs—either levied by the company, a regulator, or a governing body—to cover a specific expense such as legal settlements, large repairs, or regulatory penalties. It matters to investors because it can reduce reported profits, cash on hand, or available dividends in the short term; think of it like an unexpected repair bill that temporarily shrinks a household’s budget.

AI-generated analysis. Not financial advice.

01/22/2026 - 06:00 AM

Fourth quarter 2025 net income available to common stockholders of $96.3 million, up 44% year-over-year
Reaching record-levels, Book Value and Tangible Book Value⁽⁴⁾ per share both increased 13% year-over-year
Capital ratios continue to be strong, achieving 12.1% CET1 and 16.1% Total Capital

DALLAS, Jan. 22, 2026 (GLOBE NEWSWIRE) -- “Consecutive strong quarters to close 2025 validate our multi-year transformation strategy and demonstrate the resilience of our business model in a complex market environment,” said Rob C. Holmes, Chairman, President & CEO. “Surpassing our long-term Return on Average Assets goal of 1.1% in the final two quarters underscores the effectiveness of our deliberate, disciplined approach. We are now positioned to capitalize on our increasingly differentiated platform, executing seamlessly for clients, delivering comprehensive solutions across market events and driving meaningful, sustainable value for our investors.”

	4th Quarter			3rd Quarter			4th Quarter			Full Year			Full Year
(dollars in thousands except per share data)		2025			2025			2024			2025			2024
Summary Income Statement
Net interest income	$	267,437		$	271,771		$	229,607		$	1,028,637		$	901,300
Non-interest income		60,046			68,583			54,074			227,142			31,046
Total revenue		327,483			340,354			283,681			1,255,779			932,346
Non-interest expense		184,198			190,575			172,159			768,069			758,285
Pre-provision net revenue⁽¹⁾		143,285			149,779			111,522			487,710			174,061

Provision for credit losses		11,000			12,000			18,000			55,000			67,000
Net income available to common stockholders		96,347			100,897			66,711			312,994			60,258

Non-interest income, adjusted⁽²⁾	$	60,046		$	68,583		$	54,074		$	229,028		$	210,627
Total revenue, adjusted⁽²⁾		327,483			340,354			283,681			1,257,665			1,111,927
Non-interest expense, adjusted⁽²⁾		186,440			190,575			172,159			768,910			742,533
Pre-provision net revenue, adjusted⁽¹⁾⁽²⁾		141,043			149,779			111,522			488,755			369,394
Net income to common stockholders, adjusted⁽²⁾		94,631			100,897			66,711			313,791			208,345

Key Metrics
Diluted earnings per common share	$	2.12		$	2.18		$	1.43		$	6.79		$	1.28
Diluted earnings per common shares, adjusted⁽²⁾	$	2.08		$	2.18		$	1.43		$	6.80		$	4.43
Return on average assets		1.22	%		1.30	%		0.88	%		1.04	%		0.25	%
Return on average assets, adjusted⁽²⁾		1.20	%		1.30	%		0.88	%		1.04	%		0.74	%
Return on average common equity		11.18	%		12.04	%		8.50	%		9.59	%		2.04	%
Return on average common equity, adjusted⁽²⁾		10.98	%		12.04	%		8.50	%		9.61	%		7.05	%
Efficiency ratio⁽³⁾		56.2	%		56.0	%		60.7	%		61.2	%		81.3	%
Efficiency ratio, adjusted⁽²⁾⁽³⁾		56.9	%		56.0	%		60.7	%		61.1	%		66.8	%
Net interest margin		3.38	%		3.47	%		2.93	%		3.35	%		3.03	%
Book value per share	$	75.28			73.05		$	66.36		$	75.28		$	66.36
Tangible book value per share⁽⁴⁾	$	75.25			73.02		$	66.32		$	75.25		$	66.32
CET1 ratio		12.1	%		12.1	%		11.4	%		12.1	%		11.4	%

Balance Sheet
Total assets	$	31,540,274		$	32,536,980		$	30,731,883
Loans held for investment		17,976,183			18,134,059			17,234,492
Loans held for investment, mortgage finance		6,064,019			6,057,804			5,215,574
Total deposits		26,448,767			27,505,398			25,238,599
Stockholders’ equity		3,631,382			3,637,098			3,367,936

^{(1)   Net interest income plus non-interest income, less non-interest expense.}
^{(2)   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.}
^{(3)   Non-interest expense divided by the sum of net interest income and non-interest income.}
^{(4)   Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.}

FOURTH QUARTER 2025 COMPARED TO THIRD QUARTER 2025

For the fourth quarter of 2025, net income available to common stockholders was $96.3 million, or $2.12 per diluted share, compared to $100.9 million, or $2.18 per diluted share, for the third quarter of 2025.

Provision for credit losses for the fourth quarter of 2025 was $11.0 million, compared to $12.0 million for the third quarter of 2025. The $11.0 million provision for credit losses recorded in the fourth quarter of 2025 resulted primarily from an increase in criticized loans and $10.7 million in net charge-offs.

Net interest income was $267.4 million for the fourth quarter of 2025, compared to $271.8 million for the third quarter of 2025, primarily due to a decrease in earning asset yields, partially offset by a decrease in funding costs. Net interest margin for the fourth quarter of 2025 was 3.38%, a decrease of 9 basis points from the third quarter of 2025. Loans Held for Investment (“LHI”), excluding mortgage finance, yields decreased 25 basis points from the third quarter of 2025 and LHI, mortgage finance, yields decreased 19 basis points from the third quarter of 2025. Total cost of deposits was 2.41% for the fourth quarter of 2025, a 21 basis point decrease from the third quarter of 2025.

Non-interest income for the fourth quarter of 2025 decreased $8.5 million compared to the third quarter of 2025 primarily due to decreases in investment banking and advisory fees, trading income and other non-interest income.

Non-interest expense for the fourth quarter of 2025 decreased $6.4 million compared to the third quarter of 2025, primarily due to decreases in salaries and benefits and FDIC insurance assessment expense, partially offset by increases in marketing expense, communications and technology expense and other non-interest expense. During the fourth quarter of 2025, the FDIC determined that the special assessment extended collection period was no longer necessary, resulting in the release of related accruals.

FOURTH QUARTER 2025 COMPARED TO FOURTH QUARTER 2024

Net income available to common stockholders was $96.3 million, or $2.12 per diluted share, for the fourth quarter of 2025, compared to $66.7 million, or $1.43 per diluted share, for the fourth quarter of 2024.

The fourth quarter of 2025 included a $11.0 million provision for credit losses, reflecting a linked quarter increase in criticized loans and $10.7 million in net charge-offs, compared to a $18.0 million provision for credit losses for the fourth quarter of 2024.

Net interest income increased to $267.4 million for the fourth quarter of 2025, compared to $229.6 million for the fourth quarter of 2024, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities. Net interest margin increased 45 basis points to 3.38% for the fourth quarter of 2025, as compared to the fourth quarter of 2024. LHI, excluding mortgage finance, yields decreased 12 basis points compared to the fourth quarter of 2024 and LHI, mortgage finance yields increased 40 basis points from the fourth quarter of 2024. Total cost of deposits decreased 40 basis points compared to the fourth quarter of 2024.

Non-interest income for the fourth quarter of 2025 increased $6.0 million compared to the fourth quarter of 2024 primarily due to increases in service charges on deposit accounts and investment banking and advisory fee income.

Non-interest expense for the fourth quarter of 2025 increased $12.0 million compared to the fourth quarter of 2024, primarily due to increases in salaries and benefits, communications and technology expense and other non-interest expense, partially offset by decreases in legal and professional expense and FDIC insurance assessment expense.

CREDIT QUALITY

Net charge-offs of $10.7 million were recorded during the fourth quarter of 2025, compared to net charge-offs of $13.7 million and $12.1 million during the third quarter of 2025 and the fourth quarter of 2024, respectively. Criticized loans totaled $634.9 million at December 31, 2025, compared to $529.7 million at September 30, 2025 and $714.0 million at December 31, 2024. Non-accrual LHI totaled $116.9 million at December 31, 2025, compared to $96.1 million at September 30, 2025 and $111.2 million at December 31, 2024. The ratio of non-accrual LHI to total LHI for the fourth quarter of 2025 was 0.49%, compared to 0.40% for the third quarter of 2025 and 0.50% for the fourth quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.38% at December 31, 2025, compared to 1.37% and 1.45% at September 30, 2025 and December 31, 2024, respectively.

REGULATORY RATIOS AND CAPITAL

All regulatory ratios continue to be in excess of “well capitalized” requirements as of December 31, 2025. CET1, tier 1 capital, total capital and leverage ratios were 12.1%, 13.6%, 16.1% and 11.7%, respectively, at December 31, 2025, compared to 12.1%, 13.6%, 16.1% and 11.9%, respectively, at September 30, 2025 and 11.4%, 12.8%, 15.4% and 11.3%, respectively, at December 31, 2024. At December 31, 2025, our ratio of tangible common equity to total tangible assets was 10.6%, compared to 10.3% at September 30, 2025 and 10.0% at December 31, 2024.

Effective December 12, 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 through December 31, 2026. Remaining repurchase authorization under the January 22, 2025 share repurchase program was terminated upon authorization of this new program.

During the fourth quarter of 2025, the Company repurchased 1,445,212 shares of its common stock for an aggregate purchase price, including excise tax expense, of $126.6 million, at a weighted average price of $86.76 per share. All shares were repurchased under the January 22, 2025 shares repurchase program.

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. 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 trade policies, inflation, unemployment rates and interest rates; TCBI’s ability to innovate, to anticipate the needs of our current and future customers and to manage 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, products and services; risks related to potential strategic acquisitions, including the risk that TCBI may not be able to consummate acquisitions on favorable terms, if at all, and the risk that TCBI may not realize the anticipated benefits from 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, outages, 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; TCBI’s ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss; 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; the failure to identify, attract and retain key personnel and other employees and to engage in adequate succession planning; 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.

TEXAS CAPITAL BANCSHARES, INC.
SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
(dollars in thousands except per share data)
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
		2025			2025			2025			2025			2024
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$	444,314		$	460,615		$	439,567		$	427,289		$	437,571
Interest expense		176,877			188,844			186,172			191,255			207,964
Net interest income		267,437			271,771			253,395			236,034			229,607
Provision for credit losses		11,000			12,000			15,000			17,000			18,000
Net interest income after provision for credit losses		256,437			259,771			238,395			219,034			211,607
Non-interest income		60,046			68,583			54,069			44,444			54,074
Non-interest expense		184,198			190,575			190,276			203,020			172,159
Income before income taxes		132,285			137,779			102,188			60,458			93,522
Income tax expense		31,626			32,569			24,860			13,411			22,499
Net income		100,659			105,210			77,328			47,047			71,023
Preferred stock dividends		4,312			4,313			4,312			4,313			4,312
Net income available to common stockholders	$	96,347		$	100,897		$	73,016		$	42,734		$	66,711
Diluted earnings per common share	$	2.12		$	2.18		$	1.58		$	0.92		$	1.43
Diluted common shares		45,509,370			46,233,167			46,215,394			46,616,704			46,770,961
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	31,540,274		$	32,536,980		$	31,943,535		$	31,375,749		$	30,731,883
Loans held for investment		17,976,183			18,134,059			18,035,945			17,654,243			17,234,492
Loans held for investment, mortgage finance		6,064,019			6,057,804			5,889,589			4,725,541			5,215,574
Loans held for sale		4,361			—			—			—			—
Interest bearing cash and cash equivalents		1,897,803			2,852,387			2,507,691			3,600,969			3,012,307
Investment securities		4,723,099			4,601,654			4,608,628			4,531,219			4,396,115
Non-interest bearing deposits		6,959,097			7,689,598			7,718,006			7,874,780			7,485,428
Total deposits		26,448,767			27,505,398			26,064,309			26,053,034			25,238,599
Short-term borrowings		330,000			275,000			1,250,000			750,000			885,000
Long-term debt		620,575			620,416			620,256			660,521			660,346
Stockholders’ equity		3,631,382			3,637,098			3,510,070			3,429,774			3,367,936

End of period shares outstanding		44,253,688			45,679,863			45,746,836			46,024,933			46,233,812
Book value per share	$	75.28		$	73.05		$	70.17		$	68.00		$	66.36
Tangible book value per share⁽¹⁾	$	75.25		$	73.02		$	70.14		$	67.97		$	66.32
SELECTED FINANCIAL RATIOS
Net interest margin		3.38	%		3.47	%		3.35	%		3.19	%		2.93	%
Return on average assets		1.22	%		1.30	%		0.99	%		0.61	%		0.88	%
Return on average assets, adjusted⁽⁴⁾		1.20	%		1.30	%		1.02	%		0.61	%		0.88	%
Return on average common equity		11.18	%		12.04	%		9.17	%		5.56	%		8.50	%
Return on average common equity, adjusted⁽⁴⁾		10.98	%		12.04	%		9.48	%		5.56	%		8.50	%
Efficiency ratio⁽²⁾		56.2	%		56.0	%		61.9	%		72.4	%		60.7	%
Efficiency ratio, adjusted⁽²⁾⁽⁴⁾		56.9	%		56.0	%		61.1	%		72.4	%		60.7	%
Non-interest income to average earning assets		0.76	%		0.88	%		0.72	%		0.60	%		0.69	%
Non-interest income to average earning assets, adjusted⁽⁴⁾		0.76	%		0.88	%		0.74	%		0.60	%		0.69	%
Non-interest expense to average earning assets		2.33	%		2.44	%		2.52	%		2.75	%		2.21	%
Non-interest expense to average earning assets, adjusted⁽⁴⁾		2.35	%		2.44	%		2.50	%		2.75	%		2.21	%
Common equity to total assets		10.6	%		10.3	%		10.1	%		10.0	%		10.0	%
Tangible common equity to total tangible assets⁽³⁾		10.6	%		10.3	%		10.1	%		10.0	%		10.0	%
Common Equity Tier 1		12.1	%		12.1	%		11.4	%		11.6	%		11.4	%
Tier 1 capital		13.6	%		13.6	%		12.9	%		13.1	%		12.8	%
Total capital		16.1	%		16.1	%		15.3	%		15.6	%		15.4	%
Leverage		11.7	%		11.9	%		11.8	%		11.8	%		11.3	%

^{(1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.}
^{(2)   Non-interest expense divided by the sum of net interest income and non-interest income.}
^{(3)   Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.}
^{(4)   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.}

TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(dollars in thousands)
	December 31, 2025			September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024
Assets
Cash and due from banks	$	201,315		$	212,438		$	182,451		$	201,504		$	176,501
Interest bearing cash and cash equivalents		1,897,803			2,852,387			2,507,691			3,600,969			3,012,307
Available-for-sale debt securities		3,951,455			3,801,261			3,774,141			3,678,378			3,524,686
Held-to-maturity debt securities		725,722			743,120			761,907			779,354			796,168
Equity securities		41,998			55,054			68,692			71,679			75,261
Trading securities		3,924			2,219			3,888			1,808			—
Investment securities		4,723,099			4,601,654			4,608,628			4,531,219			4,396,115
Loans held for sale		4,361			—			—			—			—
Loans held for investment, mortgage finance		6,064,019			6,057,804			5,889,589			4,725,541			5,215,574
Loans held for investment		17,976,183			18,134,059			18,035,945			17,654,243			17,234,492
Less: Allowance for credit losses on loans		270,557			274,026			277,648			278,379			271,709
Loans held for investment, net		23,769,645			23,917,837			23,647,886			22,101,405			22,178,357
Premises and equipment, net		88,003			88,348			86,831			84,575			85,443
Accrued interest receivable and other assets		854,552			862,820			908,552			854,581			881,664
Goodwill and intangibles, net		1,496			1,496			1,496			1,496			1,496
Total assets	$	31,540,274		$	32,536,980		$	31,943,535		$	31,375,749		$	30,731,883

Liabilities and Stockholders’ Equity
Liabilities:
Non-interest bearing deposits	$	6,959,097		$	7,689,598		$	7,718,006		$	7,874,780		$	7,485,428
Interest bearing deposits		19,489,670			19,815,800			18,346,303			18,178,254			17,753,171
Total deposits		26,448,767			27,505,398			26,064,309			26,053,034			25,238,599
Accrued interest payable		6,716			9,360			14,120			25,270			23,680
Other liabilities		502,834			489,708			484,780			457,150			556,322
Short-term borrowings		330,000			275,000			1,250,000			750,000			885,000
Long-term debt		620,575			620,416			620,256			660,521			660,346
Total liabilities		27,908,892			28,899,882			28,433,465			27,945,975			27,363,947

Stockholders’ equity:
Preferred stock, $.01 par value, $1,000 liquidation value:
Authorized shares - 10,000,000
Issued shares⁽¹⁾		300,000			300,000			300,000			300,000			300,000
Common stock, $.01 par value:
Authorized shares - 100,000,000
Issued shares⁽²⁾		518			518			517			517			515
Additional paid-in capital		1,074,496			1,069,582			1,065,083			1,060,028			1,056,719
Retained earnings		2,808,645			2,712,298			2,611,401			2,538,385			2,495,651
Treasury stock⁽³⁾		(487,692	)		(361,076	)		(354,000	)		(332,994	)		(301,842	)
Accumulated other comprehensive loss, net of taxes		(64,585	)		(84,224	)		(112,931	)		(136,162	)		(183,107	)
Total stockholders’ equity		3,631,382			3,637,098			3,510,070			3,429,774			3,367,936
Total liabilities and stockholders’ equity	$	31,540,274		$	32,536,980		$	31,943,535		$	31,375,749		$	30,731,883

⁽¹⁾Preferred stock - issued shares		300,000			300,000			300,000			300,000			300,000
⁽²⁾Common stock - issued shares		51,786,456			51,767,419			51,747,305			51,707,542			51,520,315
⁽³⁾Treasury stock - shares at cost		7,532,768			6,087,556			6,000,469			5,682,609			5,286,503


TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands except per share data)
	4th Quarter 2025		3rd Quarter 2025		2nd Quarter 2025			1st Quarter 2025		4th Quarter 2024		4th Quarter YTD 2025			4th Quarter YTD 2024
Interest income
Interest and fees on loans	$	367,481	$	379,017	$	364,358		$	334,150	$	340,388	$	1,445,006		$	1,377,925
Investment securities		47,012		49,396		45,991			46,565		44,102		188,964			148,219
Interest bearing cash and cash equivalents		29,821		32,202		29,218			46,574		53,081		137,815			203,406
Total interest income		444,314		460,615		439,567			427,289		437,571		1,771,785			1,729,550
Interest expense
Deposits		167,259		180,779		174,798			174,936		189,061		697,772			736,196
Short-term borrowings		2,153		534		3,444			8,246		10,678		14,377			49,994
Long-term debt		7,465		7,531		7,930			8,073		8,225		30,999			42,060
Total interest expense		176,877		188,844		186,172			191,255		207,964		743,148			828,250
Net interest income		267,437		271,771		253,395			236,034		229,607		1,028,637			901,300
Provision for credit losses		11,000		12,000		15,000			17,000		18,000		55,000			67,000
Net interest income after provision for credit losses		256,437		259,771		238,395			219,034		211,607		973,637			834,300
Non-interest income
Service charges on deposit accounts		8,411		8,111		8,182			7,840		6,989		32,544			25,546
Wealth management and trust fee income		4,216		3,989		3,730			3,964		4,009		15,899			15,315
Brokered loan fees		2,467		2,419		2,398			1,949		2,519		9,233			8,961
Investment banking and advisory fees		30,015		33,985		24,109			16,478		26,740		104,587			104,965
Trading income		6,020		7,238		7,896			5,939		5,487		27,093			21,635
Available-for-sale debt securities gains/(losses), net		—		—		(1,886	)		—		—		(1,886	)		(179,581	)
Other		8,917		12,841		9,640			8,274		8,330		39,672			34,205
Total non-interest income		60,046		68,583		54,069			44,444		54,074		227,142			31,046
Non-interest expense
Salaries and benefits		108,851		119,856		120,154			131,641		97,873		480,502			466,578
Occupancy expense		12,803		11,828		12,144			10,844		11,926		47,619			45,266
Marketing		5,404		3,412		3,624			5,009		4,454		17,449			22,349
Legal and professional		11,580		12,474		11,069			14,989		15,180		50,112			53,783
Communications and technology		26,303		24,594		24,314			23,642		24,007		98,853			93,085
Federal Deposit Insurance Corporation insurance assessment		2,276		5,198		5,096			5,341		4,454		17,911			23,351
Other		16,981		13,213		13,875			11,554		14,265		55,623			53,873
Total non-interest expense		184,198		190,575		190,276			203,020		172,159		768,069			758,285
Income before income taxes		132,285		137,779		102,188			60,458		93,522		432,710			107,061
Income tax expense		31,626		32,569		24,860			13,411		22,499		102,466			29,553
Net income		100,659		105,210		77,328			47,047		71,023		330,244			77,508
Preferred stock dividends		4,312		4,313		4,312			4,313		4,312		17,250			17,250
Net income available to common stockholders	$	96,347	$	100,897	$	73,016		$	42,734	$	66,711	$	312,994		$	60,258

Basic earnings per common share	$	2.14	$	2.21	$	1.59		$	0.93	$	1.44	$	6.86		$	1.29
Diluted earnings per common share	$	2.12	$	2.18	$	1.58		$	0.92	$	1.43	$	6.79		$	1.28


TEXAS CAPITAL BANCSHARES, INC.
SUMMARY OF CREDIT LOSS EXPERIENCE
(dollars in thousands)
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
		2025			2025			2025			2025			2024
Allowance for credit losses on loans:
Beginning balance	$	274,026		$	277,648		$	278,379		$	271,709		$	273,143
Loans charged-off:
Commercial		14,417			13,794			13,020			10,197			14,100
Commercial real estate		524			—			431			500			2,566
Total charge-offs		14,941			13,794			13,451			10,697			16,666
Recoveries:
Commercial		4,202			50			486			483			4,562
Commercial real estate		—			—			—			413			18
Consumer		12			4			—			4			15
Total recoveries		4,214			54			486			900			4,595
Net charge-offs		10,727			13,740			12,965			9,797			12,071
Provision for credit losses on loans		7,258			10,118			12,234			16,467			10,637
Ending balance	$	270,557		$	274,026		$	277,648		$	278,379		$	271,709

Allowance for off-balance sheet credit losses:
Beginning balance	$	58,513		$	56,631		$	53,865		$	53,332		$	45,969
Provision for off-balance sheet credit losses		3,742			1,882			2,766			533			7,363
Ending balance	$	62,255		$	58,513		$	56,631		$	53,865		$	53,332

Total allowance for credit losses	$	332,812		$	332,539		$	334,279		$	332,244		$	325,041
Total provision for credit losses	$	11,000		$	12,000		$	15,000		$	17,000		$	18,000

Allowance for credit losses on loans to total loans held for investment		1.13	%		1.13	%		1.16	%		1.24	%		1.21	%
Allowance for credit losses on loans to average total loans held for investment		1.12	%		1.15	%		1.19	%		1.29	%		1.22	%
Net charge-offs to average total loans held for investment⁽¹⁾		0.18	%		0.23	%		0.22	%		0.18	%		0.22	%
Net charge-offs to average total loans held for investment for last 12 months⁽¹⁾		0.20	%		0.21	%		0.18	%		0.18	%		0.19	%
Total provision for credit losses to average total loans held for investment⁽¹⁾		0.18	%		0.20	%		0.26	%		0.32	%		0.32	%
Total allowance for credit losses to total loans held for investment		1.38	%		1.37	%		1.40	%		1.48	%		1.45	%

^{(1) Interim period ratios are annualized.}

TEXAS CAPITAL BANCSHARES, INC.
NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS
(dollars in thousands)
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
		2025			2025			2025			2025			2024
NON-PERFORMING ASSETS
Non-accrual loans held for investment	$	116,880		$	96,084		$	113,609		$	93,565		$	111,165
Non-accrual loans held for sale⁽¹⁾		4,361			—			—			—			—
Other real estate owned		—			—			—			—			—
Total non-performing assets	$	121,241		$	96,084		$	113,609		$	93,565		$	111,165

Non-accrual loans held for investment to total loans held for investment		0.49	%		0.40	%		0.47	%		0.42	%		0.50	%
Total non-performing assets to total assets		0.38	%		0.30	%		0.36	%		0.30	%		0.36	%
Allowance for credit losses on loans to non-accrual loans held for investment	2.3x			2.9x			2.4x			3.0x			2.4x
Total allowance for credit losses to non-accrual loans held for investment	2.8x			3.5x			2.9x			3.6x			2.9x

LOANS PAST DUE
Loans held for investment past due 90 days and still accruing	$	19,353		$	126		$	2,068		$	791		$	4,265
Loans held for investment past due 90 days to total loans held for investment		0.08	%		—	%		0.01	%		—	%		0.02	%
Loans held for sale past due 90 days and still accruing	$	—		$	—		$	—		$	—		$	—

CRITICIZED LOANS
Criticized loans	$	634,919		$	529,732		$	637,462		$	762,887		$	713,951
Criticized loans to total loans held for investment		2.64	%		2.19	%		2.66	%		3.41	%		3.18	%
Special mention loans	$	346,643		$	249,592		$	339,923		$	484,165		$	435,626
Special mention loans to total loans held for investment		1.44	%		1.03	%		1.42	%		2.16	%		1.94	%

^{(1) Fourth quarter 2025 includes non-accrual loans previously reported in loans held for investment that were transferred at fair value to held for sale as of December 31, 2025.}

TEXAS CAPITAL BANCSHARES, INC.
TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)⁽¹⁾
(dollars in thousands)
	4th Quarter 2025						3rd Quarter 2025						4th Quarter 2024						YTD December 31, 2025						YTD December 31, 2024
	Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate
Assets
Investment securities⁽²⁾	$	4,629,242	$	47,025	3.98	%	$	4,635,066	$	49,401	4.14	%	$	4,504,101	$	44,102	3.79	%	$	4,575,954	$	188,990	4.03	%	$	4,386,458	$	148,219	3.17	%
Interest bearing cash and cash equivalents		2,994,417		29,821	3.95	%		2,920,102		32,202	4.38	%		4,472,772		53,081	4.72	%		3,203,594		137,815	4.30	%		3,940,590		203,406	5.16	%
Loans held for sale⁽³⁾		47		—	—	%		—		—	—	%		—		—	—	%		95		2	2.60	%		25,855		2,432	9.41	%
Loans held for investment, mortgage finance		5,890,991		61,319	4.13	%		5,472,467		59,604	4.32	%		5,409,980		50,685	3.73	%		5,171,878		218,157	4.22	%		4,612,994		179,233	3.89	%
Loans held for investment⁽³⁾		18,177,312		307,053	6.70	%		18,253,451		319,921	6.95	%		16,919,925		289,916	6.82	%		17,996,607		1,229,207	6.83	%		16,746,912		1,196,673	7.15	%
Less: Allowance for credit losses on loans		278,315		—	—	%		277,385		—	—			272,975		—	—	%		276,641		—	—			263,279		—	—
Loans held for investment, net		23,789,988		368,372	6.14	%		23,448,533		379,525	6.42	%		22,056,930		340,601	6.14	%		22,891,844		1,447,364	6.32	%		21,096,627		1,375,906	6.52	%
Total earning assets		31,413,694		445,218	5.61	%		31,003,701		461,128	5.88	%		31,033,803		437,784	5.59	%		30,671,487		1,774,171	5.76	%		29,449,530		1,729,963	5.82	%
Cash and other assets		1,192,624						1,159,008						1,178,284						1,156,587						1,163,665
Total assets	$	32,606,318					$	32,162,709					$	32,212,087					$	31,828,074					$	30,613,195

Liabilities and Stockholders’ Equity
Transaction deposits	$	2,470,262	$	13,468	2.16	%	$	2,251,217	$	13,987	2.46	%	$	2,141,739	$	15,403	2.86	%	$	2,275,219	$	55,094	2.42	%	$	2,049,720	$	65,215	3.18	%
Savings deposits		14,453,912		130,536	3.58	%		14,650,152		143,327	3.88	%		12,932,458		144,393	4.44	%		14,051,757		541,712	3.86	%		12,143,539		572,126	4.71	%
Time deposits		2,207,631		23,255	4.18	%		2,158,228		23,465	4.31	%		2,331,009		29,265	4.99	%		2,263,568		100,966	4.46	%		1,946,341		98,855	5.08	%
Total interest bearing deposits		19,131,805		167,259	3.47	%		19,059,597		180,779	3.76	%		17,405,206		189,061	4.32	%		18,590,544		697,772	3.75	%		16,139,600		736,196	4.56	%
Short-term borrowings		221,250		2,153	3.86	%		44,022		534	4.82	%		883,326		10,678	4.81	%		328,499		14,377	4.38	%		933,896		49,994	5.35	%
Long-term debt		620,505		7,465	4.77	%		620,348		7,531	4.82	%		660,270		8,225	4.96	%		637,535		30,999	4.86	%		739,136		42,060	5.69	%
Total interest bearing liabilities		19,973,560		176,877	3.51	%		19,723,967		188,844	3.80	%		18,948,802		207,964	4.37	%		19,556,578		743,148	3.80	%		17,812,632		828,250	4.65	%
Non-interest bearing deposits		8,455,034						8,351,524						9,319,711						8,220,254						9,013,038
Other liabilities		457,757						463,034						522,641						486,843						532,058
Stockholders’ equity		3,719,967						3,624,184						3,420,933						3,564,399						3,255,467
Total liabilities and stockholders’ equity	$	32,606,318					$	32,162,709					$	32,212,087					$	31,828,074					$	30,613,195
Net interest income			$	268,341					$	272,284					$	229,820					$	1,031,023					$	901,713
Net interest margin					3.38	%					3.47	%					2.93	%					3.35	%					3.03	%

^{(1)   Taxable equivalent rates used where applicable.}
^{(2)   Yields on investment securities are calculated using available-for-sale securities at amortized cost.}
^{(3)   Average balances include non-accrual loans.}

GAAP TO NON-GAAP RECONCILIATIONS

The following items are non-GAAP financial measures: adjusted non-interest income, adjusted total revenue, adjusted non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings 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.

Reconciliation of Non-GAAP Financial Measures
(dollars in thousands except per share data)	4th Quarter 2025			3rd Quarter 2025			2nd Quarter 2025			1st Quarter 2025			4th Quarter 2024			Full Year 2025			Full Year 2024
Net interest income	$	267,437		$	271,771		$	253,395		$	236,034		$	229,607		$	1,028,637		$	901,300

Non-interest income		60,046			68,583			54,069			44,444			54,074			227,142			31,046
Available-for-sale debt securities losses, net		—			—			1,886			—			—			1,886			179,581
Non-interest income, adjusted		60,046			68,583			55,955			44,444			54,074			229,028			210,627

Total revenue⁽¹⁾		327,483			340,354			307,464			280,478			283,681			1,255,779			932,346
Total revenue, adjusted⁽¹⁾		327,483			340,354			309,350			280,478			283,681			1,257,665			1,111,927

Non-interest expense		184,198			190,575			190,276			203,020			172,159			768,069			758,285
FDIC special assessment		2,242			—			—			—			—			2,242			(2,811	)
Restructuring expenses		—			—			(1,401	)		—			—			(1,401	)		(7,941	)
Legal Settlement		—			—			—			—			—			—			(5,000	)
Non-interest expense, adjusted		186,440			190,575			188,875			203,020			172,159			768,910			742,533

Provision for credit losses		11,000			12,000			15,000			17,000			18,000			55,000			67,000

Income tax expense		31,626			32,569			24,860			13,411			22,499			102,466			29,553
Tax effect of adjustments		(526	)		—			774			—			—			248			47,246
Income tax expense, adjusted		31,100			32,569			25,634			13,411			22,499			102,714			76,799

Net income⁽²⁾	$	100,659		$	105,210		$	77,328		$	47,047		$	71,023		$	330,244		$	77,508
Net income, adjusted⁽²⁾	$	98,943		$	105,210		$	79,841		$	47,047		$	71,023		$	331,041		$	225,595

Preferred stock dividends		4,312			4,313			4,312			4,313			4,312			17,250			17,250

Net income to common stockholders⁽³⁾	$	96,347		$	100,897		$	73,016		$	42,734		$	66,711		$	312,994		$	60,258
Net income to common stockholders, adjusted⁽³⁾	$	94,631		$	100,897		$	75,529		$	42,734		$	66,711		$	313,791		$	208,345

PPNR⁽⁴⁾	$	143,285		$	149,779		$	117,188		$	77,458		$	111,522		$	487,710		$	174,061
PPNR, adjusted⁽⁴⁾	$	141,043		$	149,779		$	120,475		$	77,458		$	111,522		$	488,755		$	369,394

Weighted average common shares outstanding, diluted		45,509,370			46,233,167			46,215,394			46,616,704			46,770,961			46,127,375			46,989,204
Diluted earnings per common share	$	2.12		$	2.18		$	1.58		$	0.92		$	1.43		$	6.79		$	1.28
Diluted earnings per common share, adjusted	$	2.08		$	2.18		$	1.63		$	0.92		$	1.43		$	6.80		$	4.43

Average total assets	$	32,606,318		$	32,162,709		$	31,419,469		$	31,103,609		$	32,212,087		$	31,828,074		$	30,613,195
Return on average assets		1.22	%		1.30	%		0.99	%		0.61	%		0.88	%		1.04	%		0.25	%
Return on average assets, adjusted		1.20	%		1.30	%		1.02	%		0.61	%		0.88	%		1.04	%		0.74	%

Average common equity	$	3,419,967		$	3,324,184		$	3,195,041		$	3,114,389		$	3,120,933		$	3,264,399		$	2,955,467
Return on average common equity		11.18	%		12.04	%		9.17	%		5.56	%		8.50	%		9.59	%		2.04	%
Return on average common equity, adjusted		10.98	%		12.04	%		9.48	%		5.56	%		8.50	%		9.61	%		7.05	%

Efficiency ratio⁽⁵⁾		56.2	%		56.0	%		61.9	%		72.4	%		60.7	%		61.2	%		81.3	%
Efficiency ratio, adjusted⁽⁵⁾		56.9	%		56.0	%		61.1	%		72.4	%		60.7	%		61.1	%		66.8	%

Average earning assets	$	31,413,694		$	31,003,701		$	30,302,351		$	29,946,425		$	31,033,803		$	30,671,487		$	29,449,530
Non-interest income to average earning assets		0.76	%		0.88	%		0.72	%		0.60	%		0.69	%		0.74	%		0.11	%
Non-interest income to average earning assets, adjusted		0.76	%		0.88	%		0.74	%		0.60	%		0.69	%		0.75	%		0.72	%
Non-interest expense to average earning assets		2.33	%		2.44	%		2.52	%		2.75	%		2.21	%		2.50	%		2.57	%
Non-interest expense to average earning assets, adjusted		2.35	%		2.44	%		2.50	%		2.75	%		2.21	%		2.51	%		2.52	%

^{(1)   Net interest income plus non-interest income. On an adjusted basis, net interest income plus non-interest income, adjusted.}
^{(2)   Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense. 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, adjusted.}
^{(3)   Net income, less preferred stock dividends. On an adjusted basis, net income, adjusted, less preferred stock dividends.}
^{(4)   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.}
^{(5)   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.}

INVESTOR CONTACT
Jocelyn Kukulka, 469.399.8544
jocelyn.kukulka@texascapitalbank.com

FAQ

What was Texas Capital (TCBI) Q4 2025 net income and EPS?

Q4 2025 net income available to common stockholders was $96.3 million, and diluted EPS was $2.12.

How did Texas Capital's full-year 2025 earnings perform (TCBI)?

Full-year 2025 net income available to common stockholders was $312.994 million with diluted EPS of $6.79.

What capital and book value metrics did TCBI report for Dec 31, 2025?

Book value per share was $75.28, tangible book value per share $75.25, CET1 ratio 12.1%, and total capital 16.1%.

What share repurchase actions did Texas Capital (TCBI) announce in Q4 2025?

The board authorized a new $200.0 million repurchase program (through Dec 31, 2026); in Q4 the company repurchased 1,445,212 shares for $126.6 million.

Did Texas Capital (TCBI) report any credit quality deterioration in Q4 2025?

Yes; Q4 included $10.7 million net charge-offs, an $11.0 million provision for credit losses, and criticized loans rose to $634.9 million.

Texas Capital Bancshares, Inc. Announces Fourth Quarter and Full Year 2025 Results