Texas Capital Bancshares, Inc. Announces Second Quarter 2026 Results

Rhea-AI Summary

Texas Capital Bancshares (NASDAQ: TCBI) reported second quarter 2026 net income available to common stockholders of $80.6 million, or $1.83 diluted EPS, up from $69.5 million and $1.56 in the first quarter and $73.0 million and $1.58 a year earlier.

Total revenue was $335.5 million (net interest income $260.4 million and non-interest income $75.1 million). Record-level fee income rose 29% year-over-year. Adjusted pre-provision net revenue reached $132.7 million, up from $111.8 million in the prior quarter and $120.5 million in second quarter 2025.

Book value and tangible book value per share both increased 10% year-over-year to $77.01 and $76.98, respectively. Capital ratios remained above well-capitalized thresholds, with a 12.1% CET1 ratio and 14.7% total capital ratio. The company repurchased 239,348 shares for $23.6 million and declared a $0.20 per-share common dividend.

Positive

• Net income $80.6m, up from $69.5m QoQ
• Diluted EPS $1.83 vs. $1.56 prior quarter
• Fee income up 29% year-over-year, record level
• Adjusted PPNR $132.7m vs. $111.8m prior quarter
• Efficiency ratio improved to 61.3% from 65.9% QoQ
• CET1 ratio 12.1% and total capital 14.7%, above requirements
• Share repurchases 239,348 shares for $23.6m at $97.63
• Common dividend $0.20 per share payable September 15, 2026

Negative

• Net interest margin declined to 3.28% from 3.43% QoQ
• Provision for credit losses rose to $18.0m from $16.0m QoQ
• Criticized loans increased to $696.3m from $650.6m QoQ
• Criticized loans higher than $637.5m a year earlier
• Non-interest expense up $15.2m year-over-year to $205.5m
• Total capital ratio decreased to 14.7% from 15.9% QoQ
• Allowance ratio 1.34% vs. 1.40% a year earlier

News Explained

At June 30, criticized loans reached $696.3 million and non-accrual loans fell to $124.0 million, leaving credit trends mixed.

Credit quality was mixed: criticized loans reached $696.3 million, up from $650.6 million at March 31 and $637.5 million a year earlier, while non-accrual loans fell to $124.0 million from $144.9 million in the prior quarter.

On a year-over-year basis, interest-bearing cash and deposits were both higher at June 30, while the release also reported $16.1 million of net charge-offs for the quarter.

News Market Reaction – TCBI

-4.12%

2 alerts

-4.12% Session close to close

$4.53B Market Cap

0.7x Rel. Volume

In the Jul 23 session, TCBI declined 4.12%, reflecting a moderate negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Tag-matched earnings events averaged a 1.96% 24-hour move. This release paired stronger earnings wit...

Analysis

Tag-matched earnings events averaged a 1.96% 24-hour move. This release paired stronger earnings with higher criticized loans and net charge-offs, while current data showed net selling by insiders as an additional risk to monitor.

Key Figures

Net income to common: $80.6 million Diluted EPS: $1.83 Fee income growth: 29% +5 more

8 metrics

Net income to common $80.6 million Q2 2026, up 10% year-over-year

Diluted EPS $1.83 Q2 2026, compared with $1.58 in Q2 2025

Fee income growth 29% Q2 2026 year-over-year increase

Book value per share $77.01 Q2 2026

CET1 ratio 12.1% At June 30, 2026

Total capital ratio 14.7% At June 30, 2026

Provision for credit losses $18.0 million Q2 2026

Criticized loans $696.3 million At June 30, 2026

Previous Earnings Reports

5 past events · Latest: Apr 23 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 23	1Q26 earnings	Positive	+1.0%	Higher earnings, dividend initiation, and stronger tangible book value supported a positive reaction.
Jan 22	4Q25 earnings	Positive	-0.0%	Higher quarterly and annual earnings contrasted with a slightly negative 24-hour price reaction.
Oct 22	3Q25 earnings	Positive	+3.0%	Record quarterly earnings, loan growth, and strengthened capital ratios preceded a positive reaction.
Jul 17	2Q25 earnings	Positive	+4.5%	Higher earnings, loan growth, and improved net interest margin preceded a positive reaction.
Apr 17	1Q25 earnings	Positive	+1.4%	Higher deposits, loans, book value, and capital ratios preceded a positive reaction.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-matched earnings reactions were positive in four of five events, with one slightly negative reaction.

Key Terms

cet1, non-gaap measures, net charge-offs

3 terms

cet1 regulatory

"achieving 12.1% CET1 and 14.7% Total Capital"

CET1, or Common Equity Tier 1, is a measure of a bank's core financial strength, representing its most reliable and high-quality capital, primarily made up of shareholders' equity like common stock. It acts like a financial safety buffer, helping the bank absorb losses and stay stable during economic downturns. For investors, a strong CET1 ratio indicates a bank's resilience and overall health.

non-gaap measures financial

"These adjusted measures are non-GAAP measures."

Financial results that companies present using formulas or adjustments different from standard accounting rules (GAAP) to highlight what management considers the business’s ongoing performance. Investors care because these figures can make trends or profitability look clearer—like showing a car’s fuel efficiency after removing unusual trips—but they can also hide one‑time costs or aggressive assumptions, so comparing them with GAAP numbers helps judge reliability.

net charge-offs financial

"with $16.1 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Second quarter 2026 net income available to common stockholders of $80.6 million, up 10% year-over-year

Record-level fee income⁽⁵⁾, up 29% year-over-year

Record-level Book Value and Tangible Book Value⁽⁴⁾ per share, both increasing 10% year-over-year

Capital ratios continue to be strong, achieving 12.1% CET1 and 14.7% Total Capital

DALLAS, July 22, 2026 (GLOBE NEWSWIRE) -- “Double-digit year-over-year growth in earnings per share and book value per share, combined with strong capital ratios and operational efficiency, reflect another quarter of consistently improving financial performance earned through continued focus on delivering for our clients,” said Rob C. Holmes, Chairman, President & CEO. “The durability of our platform, diversity of our solution set, and dedication of our teams, position us to sustain momentum through the remainder of the year.”

	2nd Quarter				1st Quarter				2nd Quarter
(dollars in thousands except per share data)	2026				2026				2025
Summary Income Statement
Net interest income	$	260,377			$	254,719			$	253,395
Non-interest income		75,118				69,266				54,069
Total revenue		335,495				323,985				307,464
Non-interest expense		205,493				213,568				190,276
Pre-provision net revenue(1)		130,002				110,417				117,188
Provision for credit losses		18,000				16,000				15,000
Net income available to common stockholders		80,636				69,475				73,016
Non-interest income, adjusted(2)	$	75,118			$	69,266			$	55,955
Total revenue, adjusted(2)		335,495				323,985				309,350
Non-interest expense, adjusted(2)		202,772				212,167				188,875
Pre-provision net revenue, adjusted(1)(2)		132,723				111,818				120,475
Net income to common stockholders, adjusted(2)		82,698				70,537				75,529
Key Metrics
Diluted earnings per common share	$	1.83			$	1.56			$	1.58
Diluted earnings per common share, adjusted(2)	$	1.88			$	1.58			$	1.63
Return on average assets		1.03	%			0.95	%			0.99	%
Return on average assets, adjusted(2)		1.06	%			0.97	%			1.02	%
Return on average common equity		9.56	%			8.35	%			9.17	%
Return on average common equity, adjusted(2)		9.80	%			8.48	%			9.48	%
Efficiency ratio(3)		61.3	%			65.9	%			61.9	%
Efficiency ratio, adjusted(2)(3)		60.4	%			65.5	%			61.1	%
Net interest margin		3.28	%			3.43	%			3.35	%
Book value per share	$	77.01			$	75.71			$	70.17
Tangible book value per share(4)	$	76.98			$	75.67			$	70.14
Common Equity Tier 1 ratio		12.1	%			12.0	%			11.4	%
Balance Sheet
Total assets	$	33,913,361			$	33,486,484			$	31,943,535
Loans held for investment		18,563,845				18,217,976				18,035,945
Loans held for investment, mortgage finance		6,383,381				6,961,686				5,889,589
Total deposits		28,911,388				28,516,688				26,064,309
Stockholders’ equity		3,647,707				3,606,207				3,510,070

(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.
(5)		Includes service charges on deposit accounts, wealth management and trust fee income, investment banking and advisory fees and trading income.

SECOND QUARTER 2026 COMPARED TO FIRST QUARTER 2026

For the second quarter of 2026, net income available to common stockholders was $80.6 million, or $1.83 per diluted share, compared to $69.5 million, or $1.56 per diluted share, for the first quarter of 2026.

Provision for credit losses for the second quarter of 2026 was $18.0 million, compared to $16.0 million for the first quarter of 2026. The $18.0 million provision for credit losses recorded in the second quarter of 2026 resulted primarily from an increase in criticized loans and $16.1 million in net charge-offs.

Net interest income increased to $260.4 million for the second quarter of 2026, compared to $254.7 million for the first quarter of 2026, primarily due to an increase in average earning assets, partially offset by an increase in average interest bearing deposits. Net interest margin for the second quarter of 2026 was 3.28%, a decrease of 15 basis points from the first quarter of 2026. Loans held for investment (“LHI”), excluding mortgage finance, yields decreased 2 basis points from the first quarter of 2026 and LHI, mortgage finance, yields increased 7 basis points from the first quarter of 2026. Total cost of deposits was 2.40% for the second quarter of 2026, a 2 basis point increase from the first quarter of 2026.

Non-interest income for the second quarter of 2026 increased $5.9 million compared to the first quarter of 2026 primarily due to increases in trading income and other non-interest income.

Non-interest expense for the second quarter of 2026 decreased $8.1 million compared to the first quarter of 2026, primarily due to a decrease in salaries and benefits, primarily as a result of the effect of seasonal payroll expenses that peak in the first quarter, partially offset by increases in legal and professional, communications and technology, and other non-interest expense.

SECOND QUARTER 2026 COMPARED TO SECOND QUARTER 2025

Net income available to common stockholders was $80.6 million, or $1.83 per diluted share, for the second quarter of 2026, compared to $73.0 million, or $1.58 per diluted share, for the second quarter of 2025.

The second quarter of 2026 included a $18.0 million provision for credit losses, reflecting a linked quarter increase in criticized loans and $16.1 million in net charge-offs, compared to a $15.0 million provision for credit losses for the second quarter of 2025.

Net interest income increased to $260.4 million for the second quarter of 2026, compared to $253.4 million for the second quarter of 2025, 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 deposits. Net interest margin increased 8 basis points to 3.28% for the second quarter of 2026, as compared to the second quarter of 2025. LHI, excluding mortgage finance, yields decreased 20 basis points compared to the second quarter of 2025 and LHI, mortgage finance yields decreased 18 basis points from the second quarter of 2025. Total cost of deposits decreased 31 basis points compared to the second quarter of 2025.

Non-interest income for the second quarter of 2026 increased $21.0 million compared to the second quarter of 2025 primarily due to increases in wealth management and trust fee income, investment banking and advisory fees, trading income and other non-interest income, as well as the absence of a $1.9 million loss on sale of available-for sale debt securities recognized in the second quarter of 2025.

Non-interest expense for the second quarter of 2026 increased $15.2 million compared to the second quarter of 2025, primarily due to increases in salaries and benefits, marketing, legal and professional, communications and technology, and other non-interest expense.

CREDIT QUALITY

Net charge-offs of $16.1 million were recorded during the second quarter of 2026, compared to net charge-offs of $17.4 million and $13.0 million during the first quarter of 2026 and the second quarter of 2025, respectively. Criticized loans totaled $696.3 million at June 30, 2026, compared to $650.6 million at March 31, 2026 and $637.5 million at June 30, 2025. Non-accrual LHI totaled $124.0 million at June 30, 2026, compared to $144.9 million at March 31, 2026 and $113.6 million at June 30, 2025. The ratio of non-accrual LHI to total LHI for the second quarter of 2026 was 0.50%, compared to 0.58% for the first quarter of 2026 and 0.47% for the second quarter of 2025. The ratio of total allowance for credit losses to total LHI was 1.34% at June 30, 2026, compared to 1.32% and 1.40% at March 31, 2026 and June 30, 2025, respectively.

REGULATORY RATIOS AND CAPITAL

All regulatory ratios continue to be in excess of “well capitalized” requirements as of June 30, 2026. CET1, tier 1 capital, total capital and leverage ratios were 12.1%, 13.5%, 14.7% and 11.6%, respectively, at June 30, 2026, compared to 12.0%, 13.4%, 15.9% and 12.1%, respectively, at March 31, 2026 and 11.4%, 12.9%, 15.3% and 11.8%, respectively, at June 30, 2025. At June 30, 2026, our ratio of tangible common equity to total tangible assets was 9.9%, compared to 9.9% at March 31, 2026 and 10.1% at June 30, 2025.

During the second quarter of 2026, the Company repurchased 239,348 shares of its common stock for an aggregate purchase price, including excise tax expense, of $23.6 million, at a weighted average price of $97.63 per share.

PREFERRED AND COMMON DIVIDEND

Texas Capital Bancshares, Inc. and its board of directors declared and announced a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The depositary shares are traded on the NASDAQ under the symbol “TCBIO.” The dividend is payable on September 15, 2026, to holders of record at the close of business on September 1, 2026.

Texas Capital Bancshares, Inc. and its board of directors declared and announced a cash dividend of $0.20 per common share. The common shares are traded on the NASDAQ under the symbol “TCBI.” The dividend is payable on September 15, 2026, to holders of record at the close of business on September 1, 2026.

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, geopolitical conflicts, inflation, including increased energy costs, 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)
	2nd Quarter				1st Quarter				4th Quarter				3rd Quarter				2nd Quarter
	2026				2026				2025				2025				2025
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$	439,930			$	419,094			$	444,314			$	460,615			$	439,567
Interest expense		179,553				164,375				176,877				188,844				186,172
Net interest income		260,377				254,719				267,437				271,771				253,395
Provision for credit losses		18,000				16,000				11,000				12,000				15,000
Net interest income after provision for credit losses		242,377				238,719				256,437				259,771				238,395
Non-interest income		75,118				69,266				60,046				68,583				54,069
Non-interest expense		205,493				213,568				184,198				190,575				190,276
Income before income taxes		112,002				94,417				132,285				137,779				102,188
Income tax expense		27,054				20,629				31,626				32,569				24,860
Net income		84,948				73,788				100,659				105,210				77,328
Preferred stock dividends		4,312				4,313				4,312				4,313				4,312
Net income available to common stockholders	$	80,636			$	69,475			$	96,347			$	100,897			$	73,016
Diluted earnings per common share	$	1.83			$	1.56			$	2.12			$	2.18			$	1.58
Diluted common shares		44,062,419				44,601,129				45,509,370				46,233,167				46,215,394
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	33,913,361			$	33,486,484			$	31,540,274			$	32,536,980			$	31,943,535
Loans held for investment		18,563,845				18,217,976				17,976,183				18,134,059				18,035,945
Loans held for investment, mortgage finance		6,383,381				6,961,686				6,064,019				6,057,804				5,889,589
Loans held for sale		—				21,333				4,361				—				—
Interest bearing cash and cash equivalents		3,488,756				2,702,183				1,897,803				2,852,387				2,507,691
Debt and equity securities		4,564,584				4,673,355				4,723,099				4,601,654				4,608,628
Non-interest bearing deposits		7,573,788				7,634,618				6,959,097				7,689,598				7,718,006
Total deposits		28,911,388				28,516,688				26,448,767				27,505,398				26,064,309
Short-term borrowings		350,000				—				330,000				275,000				1,250,000
Long-term debt		500,859				878,293				620,575				620,416				620,256
Stockholders’ equity		3,647,707				3,606,207				3,631,382				3,637,098				3,510,070
End of period shares outstanding		43,470,167				43,671,305				44,253,688				45,679,863				45,746,836
Book value per share	$	77.01			$	75.71			$	75.28			$	73.05			$	70.17
Tangible book value per share(1)	$	76.98			$	75.67			$	75.25			$	73.02			$	70.14
SELECTED FINANCIAL RATIOS
Net interest margin		3.28	%			3.43	%			3.38	%			3.47	%			3.35	%
Return on average assets		1.03	%			0.95	%			1.22	%			1.30	%			0.99	%
Return on average assets, adjusted(4)		1.06	%			0.97	%			1.20	%			1.30	%			1.02	%
Return on average common equity		9.56	%			8.35	%			11.18	%			12.04	%			9.17	%
Return on average common equity, adjusted(4)		9.80	%			8.48	%			10.98	%			12.04	%			9.48	%
Efficiency ratio(2)		61.3	%			65.9	%			56.2	%			56.0	%			61.9	%
Efficiency ratio, adjusted(2)(4)		60.4	%			65.5	%			56.9	%			56.0	%			61.1	%
Non-interest income to average earning assets		0.95	%			0.93	%			0.76	%			0.88	%			0.72	%
Non-interest income to average earning assets, adjusted(4)		0.95	%			0.93	%			0.76	%			0.88	%			0.74	%
Non-interest expense to average earning assets		2.59	%			2.87	%			2.33	%			2.44	%			2.52	%
Non-interest expense to average earning assets, adjusted(4)		2.55	%			2.85	%			2.35	%			2.44	%			2.50	%
Common equity to total assets		9.9	%			9.9	%			10.6	%			10.3	%			10.1	%
Tangible common equity to total tangible assets(3)		9.9	%			9.9	%			10.6	%			10.3	%			10.1	%
Common Equity Tier 1 ratio		12.1	%			12.0	%			12.1	%			12.1	%			11.4	%
Tier 1 capital ratio		13.5	%			13.4	%			13.6	%			13.6	%			12.9	%
Total capital ratio		14.7	%			15.9	%			16.1	%			16.1	%			15.3	%
Leverage ratio		11.6	%			12.1	%			11.7	%			11.9	%			11.8	%

(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)
	June 30, 2026				March 31, 2026				December 31, 2025				September 30, 2025				June 30, 2025
Assets
Cash and due from banks	$	209,512			$	254,428			$	201,315			$	212,438			$	182,451
Interest bearing cash and cash equivalents		3,488,756				2,702,183				1,897,803				2,852,387				2,507,691
Available-for-sale debt securities		3,826,284				3,913,855				3,951,455				3,801,261				3,774,141
Held-to-maturity debt securities		692,332				709,594				725,722				743,120				761,907
Equity securities		43,429				42,024				41,998				55,054				68,692
Trading debt securities		2,539				7,882				3,924				2,219				3,888
Debt and equity securities		4,564,584				4,673,355				4,723,099				4,601,654				4,608,628
Loans held for sale		—				21,333				4,361				—				—
Loans held for investment, mortgage finance		6,383,381				6,961,686				6,064,019				6,057,804				5,889,589
Loans held for investment		18,563,845				18,217,976				17,976,183				18,134,059				18,035,945
Less: Allowance for credit losses on loans		268,268				270,441				270,557				274,026				277,648
Loans held for investment, net		24,678,958				24,909,221				23,769,645				23,917,837				23,647,886
Premises and equipment, net		91,852				85,698				88,003				88,348				86,831
Accrued interest receivable and other assets		878,203				838,770				854,552				862,820				908,552
Goodwill and intangibles, net		1,496				1,496				1,496				1,496				1,496
Total assets	$	33,913,361			$	33,486,484			$	31,540,274			$	32,536,980			$	31,943,535
Liabilities and Stockholders’ Equity
Liabilities:
Non-interest bearing deposits	$	7,573,788			$	7,634,618			$	6,959,097			$	7,689,598			$	7,718,006
Interest bearing deposits		21,337,600				20,882,070				19,489,670				19,815,800				18,346,303
Total deposits		28,911,388				28,516,688				26,448,767				27,505,398				26,064,309
Accrued interest payable		19,291				9,420				6,716				9,360				14,120
Other liabilities		484,116				475,876				502,834				489,708				484,780
Short-term borrowings		350,000				—				330,000				275,000				1,250,000
Long-term debt		500,859				878,293				620,575				620,416				620,256
Total liabilities		30,265,654				29,880,277				27,908,892				28,899,882				28,433,465
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)		520				520				518				518				517
Additional paid-in capital		1,082,419				1,077,139				1,074,496				1,069,582				1,065,083
Retained earnings		2,950,049				2,878,120				2,808,645				2,712,298				2,611,401
Treasury stock(3)		(586,401	)			(562,833	)			(487,692	)			(361,076	)			(354,000	)
Accumulated other comprehensive loss, net of taxes		(98,880	)			(86,739	)			(64,585	)			(84,224	)			(112,931	)
Total stockholders’ equity		3,647,707				3,606,207				3,631,382				3,637,098				3,510,070
Total liabilities and stockholders’ equity	$	33,913,361			$	33,486,484			$	31,540,274			$	32,536,980			$	31,943,535
(1) Preferred stock - issued shares		300,000				300,000				300,000				300,000				300,000
(2) Common stock - issued shares		52,012,706				51,974,496				51,786,456				51,767,419				51,747,305
(3) Treasury stock - shares at cost		8,542,539				8,303,191				7,532,768				6,087,556				6,000,469

TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands except per share data)
	2nd Quarter 2026				1st Quarter 2026				4th Quarter 2025				3rd Quarter 2025				2nd Quarter 2025				2nd Quarter YTD 2026				2nd Quarter YTD 2025
Interest income
Interest and fees on loans	$	368,416			$	348,020			$	367,481			$	379,017			$	364,358			$	716,436			$	698,508
Debt and equity securities		46,307				49,590				47,012				49,396				45,991				95,897				92,556
Interest bearing cash and cash equivalents		25,207				21,484				29,821				32,202				29,218				46,691				75,792
Total interest income		439,930				419,094				444,314				460,615				439,567				859,024				866,856
Interest expense
Deposits		167,027				153,904				167,259				180,779				174,798				320,931				349,734
Short-term borrowings		3,552				2,360				2,153				534				3,444				5,912				11,690
Long-term debt		8,974				8,111				7,465				7,531				7,930				17,085				16,003
Total interest expense		179,553				164,375				176,877				188,844				186,172				343,928				377,427
Net interest income		260,377				254,719				267,437				271,771				253,395				515,096				489,429
Provision for credit losses		18,000				16,000				11,000				12,000				15,000				34,000				32,000
Net interest income after provision for credit losses		242,377				238,719				256,437				259,771				238,395				481,096				457,429
Non-interest income
Service charges on deposit accounts		8,853				9,223				8,411				8,111				8,182				18,076				16,022
Wealth management and trust fee income		5,136				4,388				4,216				3,989				3,730				9,524				7,694
Brokered loan fees		2,103				2,006				2,467				2,419				2,398				4,109				4,347
Investment banking and advisory fees		31,522				32,016				30,015				33,985				24,109				63,538				40,587
Trading income		11,313				10,251				6,020				7,238				7,896				21,564				13,835
Available-for-sale debt securities gains/(losses), net		—				—				—				—				(1,886	)			—				(1,886	)
Other		16,191				11,382				8,917				12,841				9,640				27,573				17,914
Total non-interest income		75,118				69,266				60,046				68,583				54,069				144,384				98,513
Non-interest expense
Salaries and benefits		123,339				139,347				108,851				119,856				120,154				262,686				251,795
Occupancy expense		12,359				12,405				12,803				11,828				12,144				24,764				22,988
Marketing		4,786				4,972				5,404				3,412				3,624				9,758				8,633
Legal and professional		14,700				11,980				11,580				12,474				11,069				26,680				26,058
Communications and technology		28,494				27,172				26,303				24,594				24,314				55,666				47,956
Federal Deposit Insurance Corporation insurance assessment		4,586				4,877				2,276				5,198				5,096				9,463				10,437
Other		17,229				12,815				16,981				13,213				13,875				30,044				25,429
Total non-interest expense		205,493				213,568				184,198				190,575				190,276				419,061				393,296
Income before income taxes		112,002				94,417				132,285				137,779				102,188				206,419				162,646
Income tax expense		27,054				20,629				31,626				32,569				24,860				47,683				38,271
Net income		84,948				73,788				100,659				105,210				77,328				158,736				124,375
Preferred stock dividends		4,312				4,313				4,312				4,313				4,312				8,625				8,625
Net income available to common stockholders	$	80,636			$	69,475			$	96,347			$	100,897			$	73,016			$	150,111			$	115,750
Basic earnings per common share	$	1.85			$	1.58			$	2.14			$	2.21			$	1.59			$	3.42			$	2.52
Diluted earnings per common share	$	1.83			$	1.56			$	2.12			$	2.18			$	1.58			$	3.39			$	2.49

TEXAS CAPITAL BANCSHARES, INC.
SUMMARY OF CREDIT LOSS EXPERIENCE
(dollars in thousands)
	2nd Quarter				1st Quarter				4th Quarter				3rd Quarter				2nd Quarter
	2026				2026				2025				2025				2025
Allowance for credit losses on loans:
Beginning balance	$	270,441			$	270,557			$	274,026			$	277,648			$	278,379
Loans charged-off:
Commercial		9,998				17,489				14,417				13,794				13,020
Commercial real estate		7,098				—				524				—				431
Total charge-offs		17,096				17,489				14,941				13,794				13,451
Recoveries:
Commercial		822				131				4,202				50				486
Commercial real estate		184				—				—				—				—
Consumer		7				—				12				4				—
Total recoveries		1,013				131				4,214				54				486
Net charge-offs		16,083				17,358				10,727				13,740				12,965
Provision for credit losses on loans		13,910				17,242				7,258				10,118				12,234
Ending balance	$	268,268			$	270,441			$	270,557			$	274,026			$	277,648
Allowance for off-balance sheet credit losses:
Beginning balance	$	61,013			$	62,255			$	58,513			$	56,631			$	53,865
Provision for off-balance sheet credit losses		4,090				(1,242	)			3,742				1,882				2,766
Ending balance	$	65,103			$	61,013			$	62,255			$	58,513			$	56,631
Total allowance for credit losses	$	333,371			$	331,454			$	332,812			$	332,539			$	334,279
Total provision for credit losses	$	18,000			$	16,000			$	11,000			$	12,000			$	15,000
Allowance for credit losses on loans to total loans held for investment		1.08	%			1.07	%			1.13	%			1.13	%			1.16	%
Allowance for credit losses on loans to average total loans held for investment		1.08	%			1.16	%			1.12	%			1.15	%			1.19	%
Net charge-offs to average total loans held for investment(1)		0.26	%			0.30	%			0.18	%			0.23	%			0.22	%
Net charge-offs to average total loans held for investment for last 12 months(1)		0.24	%			0.23	%			0.20	%			0.21	%			0.18	%
Total provision for credit losses to average total loans held for investment(1)		0.29	%			0.28	%			0.18	%			0.20	%			0.26	%
Total allowance for credit losses to total loans held for investment		1.34	%			1.32	%			1.38	%			1.37	%			1.40	%
(1)   Interim period ratios are annualized.

TEXAS CAPITAL BANCSHARES, INC.
NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS
(dollars in thousands)
	2nd Quarter				1st Quarter				4th Quarter				3rd Quarter				2nd Quarter
	2026				2026				2025				2025				2025
NON-PERFORMING ASSETS
Non-accrual loans held for investment	$	123,981			$	144,947			$	116,880			$	96,084			$	113,609
Non-accrual loans held for sale(1)		—				21,333				4,361				—				—
Other real estate owned		—				—				—				—				—
Total non-performing assets	$	123,981			$	166,280			$	121,241			$	96,084			$	113,609
Non-accrual loans held for investment to total loans held for investment		0.50	%			0.58	%			0.49	%			0.40	%			0.47	%
Total non-performing assets to total assets		0.37	%			0.50	%			0.38	%			0.30	%			0.36	%
Allowance for credit losses on loans to non-accrual loans held for investment	2.2x				1.9x				2.3x				2.9x				2.4x
Total allowance for credit losses to non-accrual loans held for investment	2.7x				2.3x				2.8x				3.5x				2.9x
LOANS PAST DUE
Loans held for investment past due 90 days and still accruing	$	451			$	18,030			$	19,353			$	126			$	2,068
Loans held for investment past due 90 days to total loans held for investment		—	%			0.07	%			0.08	%			—	%			0.01	%
Loans held for sale past due 90 days and still accruing	$	—			$	—			$	—			$	—			$	—
CRITICIZED LOANS
Criticized loans	$	696,326			$	650,615			$	634,919			$	529,732			$	637,462
Criticized loans to total loans held for investment		2.79	%			2.58	%			2.64	%			2.19	%			2.66	%
Special mention loans	$	479,341			$	366,422			$	346,643			$	249,592			$	339,923
Special mention loans to total loans held for investment		1.92	%			1.46	%			1.44	%			1.03	%			1.42	%
(1)   First quarter 2026 and 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 March 31, 2026 and December 31, 2025, respectively.

TEXAS CAPITAL BANCSHARES, INC.
TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1)
(dollars in thousands)
		2nd Quarter 2026									1st Quarter 2026									2nd Quarter 2025									YTD June 30, 2026									YTD June 30, 2025
		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
Debt and equity securities(2)		$	4,544,249		$	46,317		4.03	%		$	4,635,471		$	49,598		4.30	%		$	4,573,164		$	45,999		3.93	%		$	4,589,608		$	95,915		4.17	%		$	4,518,822		$	92,564		4.01	%
Interest bearing cash and cash equivalents			2,777,654			25,207		3.64	%			2,419,518			21,484		3.60	%			2,661,037			29,218		4.40	%			2,599,575			46,691		3.62	%			3,454,011			75,792		4.43	%
Loans held for sale(3)			3,080			4		0.54	%			3,096			—		—	%			—			—		—	%			3,088			4		0.27	%			167			2		2.97	%
Loans held for investment, mortgage finance			6,309,596			63,862		4.06	%			5,239,103			51,573		3.99	%			5,327,559			58,707		4.42	%			5,777,306			115,435		4.03	%			4,653,577			97,234		4.21	%
Loans held for investment(3)			18,490,750			305,403		6.62	%			18,172,432			297,352		6.64	%			18,018,626			306,142		6.81	%			18,332,470			602,755		6.63	%			17,774,206			602,233		6.83	%
Less: Allowance for credit losses on loans			271,925			—		—	%			268,422			—		—				278,035			—		—	%			270,183			—		—				275,411			—		—
Loans held for investment, net			24,528,421			369,265		6.04	%			23,143,113			348,925		6.11	%			23,068,150			364,849		6.34	%			23,839,593			718,190		6.08	%			22,152,372			699,467		6.37	%
Total earning assets			31,853,404			440,793		5.54	%			30,201,198			420,007		5.63	%			30,302,351			440,066		5.80	%			31,031,864			860,800		5.58	%			30,125,372			867,825		5.78	%
Cash and other assets			1,190,251									1,173,895									1,117,118									1,182,119									1,137,040
Total assets		$	33,043,655								$	31,375,093								$	31,419,469								$	32,213,983								$	31,262,412
Liabilities and Stockholders’ Equity
Transaction deposits		$	2,762,965		$	16,865		2.45	%		$	2,605,884		$	14,980		2.33	%		$	2,213,037		$	13,731		2.49	%		$	2,684,858		$	31,845		2.39	%		$	2,188,282		$	27,639		2.55	%
Savings deposits			13,902,996			118,592		3.42	%			14,148,034			118,695		3.40	%			13,727,095			134,272		3.92	%			14,024,838			237,287		3.41	%			13,543,190			267,849		3.99	%
Time deposits			3,172,354			31,570		3.99	%			2,020,757			20,229		4.06	%			2,361,525			26,795		4.55	%			2,599,737			51,799		4.02	%			2,345,543			54,246		4.66	%
Total interest bearing deposits			19,838,315			167,027		3.38	%			18,774,675			153,904		3.32	%			18,301,657			174,798		3.83	%			19,309,433			320,931		3.35	%			18,077,015			349,734		3.90	%
Short-term borrowings			378,022			3,552		3.77	%			257,989			2,360		3.71	%			306,176			3,444		4.51	%			318,337			5,912		3.75	%			527,608			11,690		4.47	%
Long-term debt			642,689			8,974		5.60	%			675,780			8,111		4.87	%			649,469			7,930		4.90	%			659,143			17,085		5.23	%			654,927			16,003		4.93	%
Total interest bearing liabilities			20,859,026			179,553		3.45	%			19,708,444			164,375		3.38	%			19,257,302			186,172		3.88	%			20,286,913			343,928		3.42	%			19,259,550			377,427		3.95	%
Non-interest bearing deposits			8,058,149									7,489,751									8,191,402									7,775,520									8,034,196
Other liabilities			442,543									503,038									475,724									472,623									513,728
Stockholders’ equity			3,683,937									3,673,860									3,495,041									3,678,927									3,454,938
Total liabilities and stockholders’ equity		$	33,043,655								$	31,375,093								$	31,419,469								$	32,213,983								$	31,262,412
Net interest income					$	261,240								$	255,632								$	253,894								$	516,872								$	490,398
Net interest margin								3.28	%								3.43	%								3.35	%								3.35	%								3.27	%
(1)   Taxable equivalent rates used where applicable.
(2)   Yields are calculated using available-for-sale debt 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 income tax 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 the Company 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)	2nd Quarter 2026				1st Quarter 2026				4th Quarter 2025				3rd Quarter 2025				2nd Quarter 2025
Net interest income	$	260,377			$	254,719			$	267,437			$	271,771			$	253,395
Non-interest income		75,118				69,266				60,046				68,583				54,069
Available-for-sale debt securities losses, net		—				—				—				—				1,886
Non-interest income, adjusted		75,118				69,266				60,046				68,583				55,955
Total revenue(1)		335,495				323,985				327,483				340,354				307,464
Total revenue, adjusted(1)		335,495				323,985				327,483				340,354				309,350
Non-interest expense		205,493				213,568				184,198				190,575				190,276
FDIC special assessment		—				—				2,242				—				—
Restructuring expenses		(564	)			(1,401	)			—				—				(1,401	)
Debt extinguishment expense		(2,157	)			—				—				—				—
Non-interest expense, adjusted		202,772				212,167				186,440				190,575				188,875
Provision for credit losses		18,000				16,000				11,000				12,000				15,000
Income tax expense		27,054				20,629				31,626				32,569				24,860
Tax effect of adjustments		659				339				(526	)			—				774
Income tax expense, adjusted		27,713				20,968				31,100				32,569				25,634
Net income(2)	$	84,948			$	73,788			$	100,659			$	105,210			$	77,328
Net income, adjusted(2)	$	87,010			$	74,850			$	98,943			$	105,210			$	79,841
Preferred stock dividends		4,312				4,313				4,312				4,313				4,312
Net income to common stockholders(3)	$	80,636			$	69,475			$	96,347			$	100,897			$	73,016
Net income to common stockholders, adjusted(3)	$	82,698			$	70,537			$	94,631			$	100,897			$	75,529
PPNR(4)	$	130,002			$	110,417			$	143,285			$	149,779			$	117,188
PPNR, adjusted(4)	$	132,723			$	111,818			$	141,043			$	149,779			$	120,475
Weighted average common shares outstanding, diluted		44,062,419				44,601,129				45,509,370				46,233,167				46,215,394
Diluted earnings per common share	$	1.83			$	1.56			$	2.12			$	2.18			$	1.58
Diluted earnings per common share, adjusted	$	1.88			$	1.58			$	2.08			$	2.18			$	1.63
Average total assets	$	33,043,655			$	31,375,093			$	32,606,318			$	32,162,709			$	31,419,469
Return on average assets		1.03	%			0.95	%			1.22	%			1.30	%			0.99	%
Return on average assets, adjusted		1.06	%			0.97	%			1.20	%			1.30	%			1.02	%
Average common equity	$	3,383,937			$	3,373,860			$	3,419,967			$	3,324,184			$	3,195,041
Return on average common equity		9.56	%			8.35	%			11.18	%			12.04	%			9.17	%
Return on average common equity, adjusted		9.80	%			8.48	%			10.98	%			12.04	%			9.48	%
Efficiency ratio(5)		61.3	%			65.9	%			56.2	%			56.0	%			61.9	%
Efficiency ratio, adjusted(5)		60.4	%			65.5	%			56.9	%			56.0	%			61.1	%
Average earning assets	$	31,853,404			$	30,201,198			$	31,413,694			$	31,003,701			$	30,302,351
Non-interest income to average earning assets		0.95	%			0.93	%			0.76	%			0.88	%			0.72	%
Non-interest income to average earning assets, adjusted		0.95	%			0.93	%			0.76	%			0.88	%			0.74	%
Non-interest expense to average earning assets		2.59	%			2.87	%			2.33	%			2.44	%			2.52	%
Non-interest expense to average earning assets, adjusted		2.55	%			2.85	%			2.35	%			2.44	%			2.50	%

(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@texascapital.com

FAQ

How did Texas Capital Bancshares (TCBI) perform in Q2 2026?

Texas Capital Bancshares reported Q2 2026 net income available to common stockholders of $80.6 million, or $1.83 diluted EPS. According to the company, this compares with $69.5 million and $1.56 in Q1 2026 and $73.0 million and $1.58 in Q2 2025.

What were Texas Capital Bancshares’ key revenue and margin metrics for Q2 2026 (TCBI)?

Texas Capital Bancshares generated $335.5 million total revenue in Q2 2026, with net interest income of $260.4 million and non-interest income of $75.1 million. According to the company, net interest margin was 3.28%, while record-level fee income increased 29% year-over-year.

How did credit quality trends look for Texas Capital Bancshares in Q2 2026?

Texas Capital Bancshares recorded $16.1 million in net charge-offs and an $18.0 million credit loss provision in Q2 2026. According to the company, criticized loans rose to $696.3 million, while non-accrual loans fell quarter-over-quarter to $124.0 million, with an allowance ratio of 1.34%.

What are Texas Capital Bancshares’ capital ratios as of June 30, 2026 (TCBI)?

As of June 30, 2026, Texas Capital Bancshares reported a 12.1% CET1 ratio, 13.5% tier 1 capital ratio, 14.7% total capital ratio and 11.6% leverage ratio. According to the company, all regulatory ratios remain above well-capitalized requirements, with tangible common equity to tangible assets at 9.9%.

Did Texas Capital Bancshares announce a dividend for Q2 2026 and what is the amount?

Texas Capital Bancshares declared a $0.20 per-share common dividend payable September 15, 2026, to shareholders of record on September 1, 2026. According to the company, it also declared a $0.359375 dividend per depositary share of its 5.75% Series B preferred stock.

Did Texas Capital Bancshares (TCBI) repurchase shares in Q2 2026?

Texas Capital Bancshares repurchased 239,348 common shares during Q2 2026 for a total of $23.6 million, including excise tax. According to the company, the weighted average repurchase price was $97.63 per share, reducing end-of-period shares outstanding to 43.47 million.

How did Texas Capital Bancshares’ book value per share change year-over-year in Q2 2026?

Texas Capital Bancshares reported book value per share of $77.01 and tangible book value per share of $76.98 at June 30, 2026. According to the company, both measures increased approximately 10% year-over-year from $70.17 and $70.14, respectively, reflecting retained earnings and capital strength.