Texas Capital Bancshares (NASDAQ: TCBI) posts Q1 2026 profit surge and starts dividend

Q: What were the key drivers of Texas Capital Bancshares’ revenue and margin in Q1 2026?

Total revenue reached $324.0 million , with net interest income of $254.7 million and non-interest income of $69.3 million . Net interest margin improved to 3.43% , helped by higher average earning assets and lower deposit costs, while targeted fee income grew 59% to $58.8 million .

Q: How did credit quality and loan performance trend for Texas Capital Bancshares in Q1 2026?

The company recorded a $16.0 million provision for credit losses and $17.4 million in net charge-offs. Non-accrual loans held for investment increased to $144.9 million , and non-accrual loans equaled 0.58% of total loans, while the total allowance for credit losses was 1.32% of loans.

Q: What capital and shareholder return actions did Texas Capital Bancshares announce?

Texas Capital reported a strong 12.0% Common Equity Tier 1 ratio and 15.9% total capital ratio. The board declared a new quarterly common dividend of $0.20 per share and repurchased 770,423 shares for $75.1 million , helping lift tangible book value per share to $75.67 .

Q: Did Texas Capital Bancshares change its leadership structure in this filing?

Yes. The company named John Cummings , previously Managing Director and Chief Administrative Officer, as Chief Operating Officer , effective April 16, 2026. Biographical information for Mr. Cummings is incorporated by reference from the March 12, 2026 definitive proxy statement.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Texas Capital Bancshares reported strong first quarter 2026 results and announced its first-ever common stock dividend. Net income available to common stockholders was $69.5 million, up 63% year-over-year, or $1.56 per diluted share versus $0.92 a year earlier.

Total revenue was $324.0 million, with net interest income of $254.7 million and non-interest income of $69.3 million. Net interest margin improved to 3.43%, while fee-based businesses drove a 59% year-over-year increase in targeted fee income to $58.8 million.

Credit costs rose, with a $16.0 million provision for credit losses and $17.4 million in net charge-offs, and non-accrual loans increased. Capital remained strong with a Common Equity Tier 1 ratio of 12.0%. The board declared a new quarterly common dividend of $0.20 per share and continued buybacks, repurchasing 770,423 shares for $75.1 million. Shareholders re-elected ten directors, ratified the auditor and approved say-on-pay, but rejected redomestication to Texas and higher thresholds for stockholder proposals.

Positive

Strong year-over-year earnings growth: Net income available to common stockholders rose to $69.5 million, up 63% from $42.7 million, with diluted EPS increasing to $1.56 from $0.92.
Improving profitability and diversification: Net interest margin increased to 3.43%, and fee income from focus areas grew 59% year-over-year to $58.8 million, driven by record investment banking, trading, treasury and wealth fees.
Capital strength and shareholder returns: The bank reported a CET1 ratio of 12.0% and total capital ratio of 15.9%, initiated a new $0.20 quarterly common dividend and repurchased 770,423 shares for $75.1 million, lifting tangible book value per share to $75.67.

Negative

Rising credit costs and non-accruals: Net charge-offs increased to $17.4 million from $9.8 million a year earlier, non-accrual loans held for investment rose to $144.9 million, and the non-accrual loan ratio climbed to 0.58% of total loans.
Shareholder resistance to governance changes: Investors rejected the proposal to redomesticate from Delaware to Texas (18.2 million for vs. 22.0 million against) and voted down a higher threshold for submitting stockholder proposals (5.2 million for vs. 35.0 million against).

Insights

Strong earnings growth and capital, offset by higher credit costs and governance pushback.

Texas Capital delivered robust year-over-year improvement in Q1 2026. Net income to common rose to $69.5 million, up 63%, and diluted EPS increased to $1.56 from $0.92. Net interest margin expanded to 3.43%, helped by lower deposit costs, while fee income from strategic areas climbed 59% to $58.8 million.

Credit metrics were more mixed. Provision for credit losses was $16.0 million versus $17.0 million a year earlier, but net charge-offs increased to $17.4 million, and non-accrual loans reached $144.9 million. The allowance for credit losses on loans stood at 1.07% of total loans held for investment and 1.32% including off-balance sheet reserves.

Capital remained comfortably above regulatory minimums, with a Common Equity Tier 1 ratio of 12.0% and total capital ratio of 15.9%. The company initiated a quarterly common dividend of $0.20 per share and repurchased 770,423 shares for $75.1 million, supporting tangible book value per share growth to $75.67. At the annual meeting, shareholders backed all director nominees, auditor ratification and executive compensation, but voted against redomestication from Delaware to Texas and against raising the threshold for submitting stockholder proposals, indicating sensitivity to certain governance changes.

8-K Event Classification

4 items: 2.02, 5.02, 5.07, 9.01

4 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income to common: $69.5 million Diluted EPS: $1.56 per share Total revenue: $324.0 million +5 more

8 metrics

Net income to common $69.5 million Q1 2026, up 63% from $42.7 million in Q1 2025

Diluted EPS $1.56 per share Q1 2026, versus $0.92 in Q1 2025

Total revenue $324.0 million Q1 2026 total of net interest and non-interest income

Net interest margin 3.43% Q1 2026, up from 3.19% in Q1 2025

Fee income from focus areas $58.8 million Q1 2026, up 59% year-over-year

Provision for credit losses $16.0 million Q1 2026, versus $17.0 million in Q1 2025

Net charge-offs $17.4 million Q1 2026, compared with $9.8 million in Q1 2025

Common Equity Tier 1 ratio 12.0% Regulatory capital ratio as of March 31, 2026

Key Terms

net interest margin, provision for credit losses, non-accrual loans, Common Equity Tier 1 ratio, +2 more

6 terms

net interest margin financial

"Net interest margin for the first quarter of 2026 was 3.43%, an increase of 5 basis points from the fourth quarter of 2025."

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 first quarter of 2026 was $16.0 million, compared to $11.0 million for the fourth quarter of 2025."

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.

non-accrual loans financial

"Non-accrual LHI totaled $144.9 million at March 31, 2026, compared to $116.9 million at December 31, 2025 and $93.6 million at March 31, 2025."

A non-accrual loan is a loan a lender has decided is unlikely to produce the scheduled interest payments, so the lender stops counting future interest as income and may record the loan at a reduced value. Think of it like renting out a house where the tenant has stopped paying: you stop counting future rent as earnings because it’s uncertain you’ll get it. For investors, a rise in non-accrual loans signals worsening credit quality, lower reported income and higher potential losses that can weaken a bank’s capital and share price.

Common Equity Tier 1 ratio financial

"CET1, tier 1 capital, total capital and leverage ratios were 12.0%, 13.4%, 15.9% and 12.1%, respectively, at March 31, 2026."

The common equity tier 1 ratio is a measure of a bank's financial strength, showing how much high-quality core capital it has compared to its total risk-weighted assets. Think of it as a safety buffer or cushion that helps ensure the bank can withstand economic shocks. For investors, a higher ratio indicates a stronger, more resilient bank, making it a key indicator of its financial health.

say-on-pay regulatory

"The 2025 compensation of the Company’s named executive officers was approved by our stockholders on a non-binding advisory basis."

A say-on-pay is a shareholder vote that gives investors a chance to approve or disapprove a company’s executive compensation packages, typically held at annual meetings. It matters because the vote signals investor satisfaction with how leaders are paid—like customers rating how well managers are rewarded—and can push boards to change pay plans, reducing governance risk and affecting investor confidence and stock value even though the vote is usually advisory rather than legally binding.

Earnings Snapshot

Total revenue: $324.0 million

Q1 2026

Total revenue $324.0 million

Net income to common $69.5 million +63% YoY

Diluted EPS $1.56 from $0.92 in Q1 2025

Net interest margin 3.43% +24 bps YoY

Return on average assets 0.95% +34 bps YoY

Understanding 8-K Material Events →

04/23/2026 - 06:01 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 16, 2026

TEXAS CAPITAL BANCSHARES, INC.

(Exact name of registrant as specified in its charter)


Delaware	001-34657	75-2679109
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

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

(Address of principal executive offices)

75201

(Zip Code)

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

N/A

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

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


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

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

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

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

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

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.01 per share

TCBI

The Nasdaq Stock Market

5.75% Non-Cumulative Perpetual Preferred Stock Series B, par value $0.01 per share

TCBIO

The Nasdaq Stock Market

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

Emerging growth company ☐

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

Item 2.02. Results of Operations and Financial Condition.

On April 23, 2026, Texas Capital Bancshares, Inc. issued a press release and made available presentation slides regarding its operating and financial results for its fiscal quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1. A copy of the presentation is attached hereto as Exhibit 99.2.

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

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

John Cummings, Managing Director and Chief Administrative Officer of the Company, has been named as the Company’s Chief Operating Officer, effective April 16, 2026. Biographical and other information regarding Mr. Cummings required by Items 401(b) and 401(e) of Regulation S-K is contained in the Company’s definitive proxy statement, filed with the Securities and Exchange Commission on March 12, 2026, and such information is incorporated by reference into this Current Report on Form 8-K.

Item 5.07. Submission of Matters to a Vote of Security Holders.

On April 21, 2026, the Company held its Annual Meeting. The matters voted on at the Annual Meeting and final voting results are summarized below.

Proposal 1 - A Company proposal to elect ten (10) directors each to serve until the next annual meeting of stockholders or until their successors are elected and qualified:


	Number of Shares
Nominee	Voted For	Votes Withheld	Broker Non-Votes
Paola M. Arbour	40,057,940	200,892	1,680,624
Jonathan E. Baliff	40,050,655	208,177	1,680,624
Ranjana B. Clark	39,444,410	814,422	1,680,624
Rob C. Holmes	39,808,060	450,772	1,680,624
David S. Huntley	40,011,092	247,740	1,680,624
Thomas E. Long	34,486,859	5,771,973	1,680,624
Mark W. Midkiff	40,126,930	131,902	1,680,624
Steven P. Rosenberg	39,239,582	1,019,250	1,680,624
Dale W. Tremblay	36,250,517	4,008,315	1,680,624
Laura L. Whitley	40,065,371	193,461	1,680,624

Each of the ten director nominees was elected to serve until the next annual meeting of stockholders or until their successors are elected and qualified.

Proposal 2 - A Company proposal to ratify the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026:


Number of Shares
Voted For	Voted Against	Abstentions	Broker Non-Votes
41,224,919	703,647	10,890	—

The appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2026 was ratified.

Proposal 3 - A Company proposal to approve, on an advisory basis, the 2025 compensation of the Company's named executive officers as disclosed in the Proxy Statement:


Number of Shares
Voted For	Voted Against	Abstentions	Broker Non-Votes
38,825,187	1,401,553	32,092	1,680,624

The 2025 compensation of the Company’s named executive officers was approved by our stockholders on a non-binding advisory basis.

Proposal 4 - A Company proposal to approve the redomestication of the Company from Delaware to Texas by way of conversion:


Number of Shares
Voted For	Voted Against	Abstentions	Broker Non-Votes
18,181,458	22,047,429	29,945	1,680,624

The redomestication of the Company from Delaware to Texas by way of conversion was not approved.

Proposal 5 - A Company proposal to approve, on an advisory basis, increasing the threshold to submit stockholder proposals:


Number of Shares
Voted For	Voted Against	Abstentions	Broker Non-Votes
5,209,051	35,015,189	34,592	1,680,624

The proposal to increase the threshold to submit stockholder proposals was not approved.

Proposal 6 - A Company proposal to adjourn the Annual Meeting to a later date or dates, if necessary, to solicit additional proxies if there are insufficient votes to adopt any of the Proposals 2-5:


Number of Shares
Voted For	Voted Against	Abstentions	Broker Non-Votes
13,035,806	28,845,931	57,719	—

The proposal to adjourn the Annual Meeting to a later date or dates to solicit additional proxies was not approved.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release, dated April 23, 2026 announcing Texas Capital Bancshares, Inc.'s operating and financial results for its fiscal quarter ended March 31, 2026

99.2 Presentation dated April 23, 2026 discussing Texas Capital Bancshares, Inc.’s operating and financial results for its fiscal quarter ended March 31, 2026

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

SIGNATURE

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

Date:

April 23, 2026

TEXAS CAPITAL BANCSHARES, INC.

By:

/s/ J. Matthew Scurlock

J. Matthew Scurlock
Chief Financial Officer

Exhibit 99.1


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

Dallas, TX - April 23, 2026

TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES FIRST QUARTER 2026 RESULTS

Initiation of quarterly common stock cash dividend of $0.20 per share

First quarter 2026 net income available to common stockholders of $69.5 million, up 63% year-over-year

Book Value and Tangible Book Value(4) per share both increased 11% year-over-year

Capital ratios continue to be strong, achieving 12.0% CET1 and 15.9% Total Capital

“Our first quarter results reflect the increasing relevance of our platform and the breadth of capabilities we can now deliver for clients across our markets,” said Rob C. Holmes, Chairman, President & CEO. “The diversification of our revenue base continues to accelerate, with fee-generating businesses contributing a meaningfully larger share of total revenue and reinforcing the durability of the operating model we have built. Supported by sustainable earnings generation, strong capital levels and proven strategic positioning, we are pleased to announce the initiation of the first quarterly common stock dividend in Texas Capital’s history at $0.20 per share.”




	1st Quarter			4th Quarter			1st Quarter
(dollars in thousands except per share data)	2026			2025			2025
Summary Income Statement
Net interest income	$	254,719		$	267,437		$	236,034
Non-interest income	69,266			60,046			44,444
Total revenue	323,985			327,483			280,478
Non-interest expense	213,568			184,198			203,020
Pre-provision net revenue(1)	110,417			143,285			77,458

Provision for credit losses	16,000			11,000			17,000
Net income available to common stockholders	69,475			96,347			42,734

Non-interest income, adjusted(2)	$	69,266		$	60,046		$	44,444
Total revenue, adjusted(2)	323,985			327,483			280,478
Non-interest expense, adjusted(2)	212,167			186,440			203,020
Pre-provision net revenue, adjusted(1)(2)	111,818			141,043			77,458
Net income to common stockholders, adjusted(2)	70,537			94,631			42,734

Key Metrics
Diluted earnings per common share	$	1.56		$	2.12		$	0.92
Diluted earnings per common shares, adjusted(2)	$	1.58		$	2.08		$	0.92
Return on average assets	0.95		%	1.22		%	0.61		%
Return on average assets, adjusted(2)	0.97		%	1.20		%	0.61		%
Return on average common equity	8.35		%	11.18		%	5.56		%
Return on average common equity, adjusted(2)	8.48		%	10.98		%	5.56		%
Efficiency ratio(3)	65.9		%	56.2		%	72.4		%
Efficiency ratio, adjusted(2)(3)	65.5		%	56.9		%	72.4		%
Net interest margin	3.43		%	3.38		%	3.19		%
Book value per share	$	75.71		$	75.28		$	68.00
Tangible book value per share(4)	$	75.67		$	75.25		$	67.97
Common Equity Tier 1 ratio	12.0		%	12.1		%	11.6		%

Balance Sheet
Total assets	$	33,486,484		$	31,540,274		$	31,375,749
Loans held for investment	18,217,976			17,976,183			17,654,243
Loans held for investment, mortgage finance	6,961,686			6,064,019			4,725,541
Total deposits	28,516,688			26,448,767			26,053,034
Stockholders’ equity	3,606,207			3,631,382			3,429,774

(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.

FIRST QUARTER 2026 COMPARED TO FOURTH QUARTER 2025

For the first quarter of 2026, net income available to common stockholders was $69.5 million, or $1.56 per diluted share, compared to $96.3 million, or $2.12 per diluted share, for the fourth quarter of 2025.

Provision for credit losses for the first quarter of 2026 was $16.0 million, compared to $11.0 million for the fourth quarter of 2025. The $16.0 million provision for credit losses recorded in the first quarter of 2026 resulted primarily from an increase in criticized loans and $17.4 million in net charge-offs.

Net interest income was $254.7 million for the first quarter of 2026, compared to $267.4 million for the fourth quarter of 2025, primarily due to decreases in average earning assets and earning asset yields, partially offset by a decrease in funding costs. Net interest margin for the first quarter of 2026 was 3.43%, an increase of 5 basis points from the fourth quarter of 2025. Loans held for investment (“LHI”), excluding mortgage finance, yields decreased 6 basis points from the fourth quarter of 2025 and LHI, mortgage finance, yields decreased 14 basis points from the fourth quarter of 2025. Total cost of deposits was 2.38% for the first quarter of 2026, a 3 basis point decrease from the fourth quarter of 2025.

Non-interest income for the first quarter of 2026 increased $9.2 million compared to the fourth quarter of 2025 primarily due to increases in investment banking and advisory fees, trading income and other non-interest income.

Non-interest expense for the first quarter of 2026 increased $29.4 million compared to the fourth quarter of 2025, primarily due to an increase in salaries and benefits, primarily as a result of the effect of seasonal payroll expenses that peak in the first quarter.

FIRST QUARTER 2026 COMPARED TO FIRST QUARTER 2025

Net income available to common stockholders was $69.5 million, or $1.56 per diluted share, for the first quarter of 2026, compared to $42.7 million, or $0.92 per diluted share, for the first quarter of 2025.

The first quarter of 2026 included a $16.0 million provision for credit losses, reflecting a linked quarter increase in criticized loans and $17.4 million in net charge-offs, compared to a $17.0 million provision for credit losses for the first quarter of 2025.

Net interest income increased to $254.7 million for the first quarter of 2026, compared to $236.0 million for the first quarter of 2025, primarily due to an increase in average earning assets and a decrease in funding costs. Net interest margin increased 24 basis points to 3.43% for the first quarter of 2026, as compared to the first quarter of 2025. LHI, excluding mortgage finance, yields decreased 21 basis points compared to the first quarter of 2025 and LHI, mortgage finance yields increased 6 basis points from the first quarter of 2025. Total cost of deposits decreased 38 basis points compared to the first quarter of 2025.

Non-interest income for the first quarter of 2026 increased $24.8 million compared to the first quarter of 2025 primarily due to increases in service charges on deposit accounts, investment banking and advisory fees, trading income and other non-interest income.

Non-interest expense for the first quarter of 2026 increased $10.5 million compared to the first quarter of 2025, primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by a decrease in legal and professional expense.

CREDIT QUALITY

Net charge-offs of $17.4 million were recorded during the first quarter of 2026, compared to net charge-offs of $10.7 million and $9.8 million during the fourth quarter of 2025 and the first quarter of 2025, respectively. Criticized loans totaled $650.6 million at March 31, 2026, compared to $634.9 million at December 31, 2025 and $762.9 million at March 31, 2025. Non-accrual LHI totaled $144.9 million at March 31, 2026, compared to $116.9 million at December 31, 2025 and $93.6 million at March 31, 2025. The ratio of non-accrual LHI to total LHI for the first quarter of 2026 was 0.58%, compared to 0.49% for the fourth quarter of 2025 and 0.42% for the first quarter of 2025. The ratio of total allowance for credit losses to total LHI was 1.32% at March 31, 2026, compared to 1.38% and 1.48% at December 31, 2025 and March 31, 2025, respectively.

REGULATORY RATIOS AND CAPITAL

All regulatory ratios continue to be in excess of “well capitalized” requirements as of March 31, 2026. CET1, tier 1 capital, total capital and leverage ratios were 12.0%, 13.4%, 15.9% and 12.1%, respectively, at March 31, 2026, compared to 12.1%, 13.6%, 16.1% and 11.7%, respectively, at December 31, 2025 and 11.6%, 13.1%, 15.6% and 11.8%, respectively, at March 31, 2025. At March 31, 2026, our ratio of tangible common equity to total tangible assets was 9.9%, compared to 10.6% at December 31, 2025 and 10.0% at March 31, 2025.

During the first quarter of 2026, the Company repurchased 770,423 shares of its common stock for an aggregate purchase price, including excise tax expense, of $75.1 million, at a weighted average price of $96.82 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 June 15, 2026, to holders of record at the close of business on June 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 June 15, 2026, to holders of record at the close of business on June 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)
	1st Quarter			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
	2026			2025			2025			2025			2025
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$	419,094		$	444,314		$	460,615		$	439,567		$	427,289
Interest expense	164,375			176,877			188,844			186,172			191,255
Net interest income	254,719			267,437			271,771			253,395			236,034
Provision for credit losses	16,000			11,000			12,000			15,000			17,000
Net interest income after provision for credit losses	238,719			256,437			259,771			238,395			219,034
Non-interest income	69,266			60,046			68,583			54,069			44,444
Non-interest expense	213,568			184,198			190,575			190,276			203,020
Income before income taxes	94,417			132,285			137,779			102,188			60,458
Income tax expense	20,629			31,626			32,569			24,860			13,411
Net income	73,788			100,659			105,210			77,328			47,047
Preferred stock dividends	4,313			4,312			4,313			4,312			4,313
Net income available to common stockholders	$	69,475		$	96,347		$	100,897		$	73,016		$	42,734
Diluted earnings per common share	$	1.56		$	2.12		$	2.18		$	1.58		$	0.92
Diluted common shares	44,601,129			45,509,370			46,233,167			46,215,394			46,616,704
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	33,486,484		$	31,540,274		$	32,536,980		$	31,943,535		$	31,375,749
Loans held for investment	18,217,976			17,976,183			18,134,059			18,035,945			17,654,243
Loans held for investment, mortgage finance	6,961,686			6,064,019			6,057,804			5,889,589			4,725,541
Loans held for sale	21,333			4,361			—			—			—
Interest bearing cash and cash equivalents	2,702,183			1,897,803			2,852,387			2,507,691			3,600,969
Debt and equity securities	4,673,355			4,723,099			4,601,654			4,608,628			4,531,219
Non-interest bearing deposits	7,634,618			6,959,097			7,689,598			7,718,006			7,874,780
Total deposits	28,516,688			26,448,767			27,505,398			26,064,309			26,053,034
Short-term borrowings	—			330,000			275,000			1,250,000			750,000
Long-term debt	878,293			620,575			620,416			620,256			660,521
Stockholders’ equity	3,606,207			3,631,382			3,637,098			3,510,070			3,429,774

End of period shares outstanding	43,671,305			44,253,688			45,679,863			45,746,836			46,024,933
Book value per share	$	75.71		$	75.28		$	73.05		$	70.17		$	68.00
Tangible book value per share(1)	$	75.67		$	75.25		$	73.02		$	70.14		$	67.97
SELECTED FINANCIAL RATIOS
Net interest margin	3.43		%	3.38		%	3.47		%	3.35		%	3.19		%
Return on average assets	0.95		%	1.22		%	1.30		%	0.99		%	0.61		%
Return on average assets, adjusted(4)	0.97		%	1.20		%	1.30		%	1.02		%	0.61		%
Return on average common equity	8.35		%	11.18		%	12.04		%	9.17		%	5.56		%
Return on average common equity, adjusted(4)	8.48		%	10.98		%	12.04		%	9.48		%	5.56		%
Efficiency ratio(2)	65.9		%	56.2		%	56.0		%	61.9		%	72.4		%
Efficiency ratio, adjusted(2)(4)	65.5		%	56.9		%	56.0		%	61.1		%	72.4		%
Non-interest income to average earning assets	0.93		%	0.76		%	0.88		%	0.72		%	0.60		%
Non-interest income to average earning assets, adjusted(4)	0.93		%	0.76		%	0.88		%	0.74		%	0.60		%
Non-interest expense to average earning assets	2.87		%	2.33		%	2.44		%	2.52		%	2.75		%
Non-interest expense to average earning assets, adjusted(4)	2.85		%	2.35		%	2.44		%	2.50		%	2.75		%
Common equity to total assets	9.9		%	10.6		%	10.3		%	10.1		%	10.0		%
Tangible common equity to total tangible assets(3)	9.9		%	10.6		%	10.3		%	10.1		%	10.0		%
Common Equity Tier 1 ratio	12.0		%	12.1		%	12.1		%	11.4		%	11.6		%
Tier 1 capital ratio	13.4		%	13.6		%	13.6		%	12.9		%	13.1		%
Total capital ratio	15.9		%	16.1		%	16.1		%	15.3		%	15.6		%
Leverage ratio	12.1		%	11.7		%	11.9		%	11.8		%	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)
	March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025
Assets
Cash and due from banks	$	254,428	$	201,315	$	212,438	$	182,451	$	201,504
Interest bearing cash and cash equivalents	2,702,183		1,897,803		2,852,387		2,507,691		3,600,969
Available-for-sale debt securities	3,913,855		3,951,455		3,801,261		3,774,141		3,678,378
Held-to-maturity debt securities	709,594		725,722		743,120		761,907		779,354
Equity securities	42,024		41,998		55,054		68,692		71,679
Trading debt securities	7,882		3,924		2,219		3,888		1,808
Debt and equity securities	4,673,355		4,723,099		4,601,654		4,608,628		4,531,219
Loans held for sale	21,333		4,361		—		—		—
Loans held for investment, mortgage finance	6,961,686		6,064,019		6,057,804		5,889,589		4,725,541
Loans held for investment	18,217,976		17,976,183		18,134,059		18,035,945		17,654,243
Less: Allowance for credit losses on loans	270,441		270,557		274,026		277,648		278,379
Loans held for investment, net	24,909,221		23,769,645		23,917,837		23,647,886		22,101,405

Premises and equipment, net	85,698		88,003		88,348		86,831		84,575
Accrued interest receivable and other assets	838,770		854,552		862,820		908,552		854,581
Goodwill and intangibles, net	1,496		1,496		1,496		1,496		1,496
Total assets	$	33,486,484	$	31,540,274	$	32,536,980	$	31,943,535	$	31,375,749

Liabilities and Stockholders’ Equity
Liabilities:
Non-interest bearing deposits	$	7,634,618	$	6,959,097	$	7,689,598	$	7,718,006	$	7,874,780
Interest bearing deposits	20,882,070		19,489,670		19,815,800		18,346,303		18,178,254
Total deposits	28,516,688		26,448,767		27,505,398		26,064,309		26,053,034
Accrued interest payable	9,420		6,716		9,360		14,120		25,270
Other liabilities	475,876		502,834		489,708		484,780		457,150
Short-term borrowings	—		330,000		275,000		1,250,000		750,000
Long-term debt	878,293		620,575		620,416		620,256		660,521
Total liabilities	29,880,277		27,908,892		28,899,882		28,433,465		27,945,975

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		518		518		517		517
Additional paid-in capital	1,077,139		1,074,496		1,069,582		1,065,083		1,060,028
Retained earnings	2,878,120		2,808,645		2,712,298		2,611,401		2,538,385
Treasury stock(3)	(562,833)		(487,692)		(361,076)		(354,000)		(332,994)
Accumulated other comprehensive loss, net of taxes	(86,739)		(64,585)		(84,224)		(112,931)		(136,162)
Total stockholders’ equity	3,606,207		3,631,382		3,637,098		3,510,070		3,429,774
Total liabilities and stockholders’ equity	$	33,486,484	$	31,540,274	$	32,536,980	$	31,943,535	$	31,375,749

(1) Preferred stock - issued shares	300,000		300,000		300,000		300,000		300,000
(2) Common stock - issued shares	51,974,496		51,786,456		51,767,419		51,747,305		51,707,542
(3) Treasury stock - shares at cost	8,303,191		7,532,768		6,087,556		6,000,469		5,682,609


TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands except per share data)

	1st Quarter 2026		4th Quarter 2025		3rd Quarter 2025		2nd Quarter 2025		1st Quarter 2025
Interest income
Interest and fees on loans	$	348,020	$	367,481	$	379,017	$	364,358	$	334,150
Debt and equity securities	49,590		47,012		49,396		45,991		46,565
Interest bearing cash and cash equivalents	21,484		29,821		32,202		29,218		46,574
Total interest income	419,094		444,314		460,615		439,567		427,289
Interest expense
Deposits	153,904		167,259		180,779		174,798		174,936
Short-term borrowings	2,360		2,153		534		3,444		8,246
Long-term debt	8,111		7,465		7,531		7,930		8,073
Total interest expense	164,375		176,877		188,844		186,172		191,255
Net interest income	254,719		267,437		271,771		253,395		236,034
Provision for credit losses	16,000		11,000		12,000		15,000		17,000
Net interest income after provision for credit losses	238,719		256,437		259,771		238,395		219,034
Non-interest income
Service charges on deposit accounts	9,223		8,411		8,111		8,182		7,840
Wealth management and trust fee income	4,388		4,216		3,989		3,730		3,964
Brokered loan fees	2,006		2,467		2,419		2,398		1,949

Investment banking and advisory fees	32,016		30,015		33,985		24,109		16,478
Trading income	10,251		6,020		7,238		7,896		5,939
Available-for-sale debt securities gains/(losses), net	—		—		—		(1,886)		—


Other	11,382		8,917		12,841		9,640		8,274
Total non-interest income	69,266		60,046		68,583		54,069		44,444
Non-interest expense
Salaries and benefits	139,347		108,851		119,856		120,154		131,641
Occupancy expense	12,405		12,803		11,828		12,144		10,844
Marketing	4,972		5,404		3,412		3,624		5,009
Legal and professional	11,980		11,580		12,474		11,069		14,989
Communications and technology	27,172		26,303		24,594		24,314		23,642
Federal Deposit Insurance Corporation insurance assessment	4,877		2,276		5,198		5,096		5,341


Other	12,815		16,981		13,213		13,875		11,554
Total non-interest expense	213,568		184,198		190,575		190,276		203,020
Income before income taxes	94,417		132,285		137,779		102,188		60,458
Income tax expense	20,629		31,626		32,569		24,860		13,411
Net income	73,788		100,659		105,210		77,328		47,047
Preferred stock dividends	4,313		4,312		4,313		4,312		4,313
Net income available to common stockholders	$	69,475	$	96,347	$	100,897	$	73,016	$	42,734

Basic earnings per common share	$	1.58	$	2.14	$	2.21	$	1.59	$	0.93
Diluted earnings per common share	$	1.56	$	2.12	$	2.18	$	1.58	$	0.92


TEXAS CAPITAL BANCSHARES, INC.
SUMMARY OF CREDIT LOSS EXPERIENCE
(dollars in thousands)
	1st Quarter			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
	2026			2025			2025			2025			2025
Allowance for credit losses on loans:
Beginning balance	$	270,557		$	274,026		$	277,648		$	278,379		$	271,709

Loans charged-off:
Commercial	17,489			14,417			13,794			13,020			10,197

Commercial real estate	—			524			—			431			500

Total charge-offs	17,489			14,941			13,794			13,451			10,697
Recoveries:
Commercial	131			4,202			50			486			483

Commercial real estate	—			—			—			—			413
Consumer	—			12			4			—			4
Total recoveries	131			4,214			54			486			900
Net charge-offs	17,358			10,727			13,740			12,965			9,797
Provision for credit losses on loans	17,242			7,258			10,118			12,234			16,467
Ending balance	$	270,441		$	270,557		$	274,026		$	277,648		$	278,379

Allowance for off-balance sheet credit losses:
Beginning balance	$	62,255		$	58,513		$	56,631		$	53,865		$	53,332
Provision for off-balance sheet credit losses	(1,242)			3,742			1,882			2,766			533
Ending balance	$	61,013		$	62,255		$	58,513		$	56,631		$	53,865

Total allowance for credit losses	$	331,454		$	332,812		$	332,539		$	334,279		$	332,244
Total provision for credit losses	$	16,000		$	11,000		$	12,000		$	15,000		$	17,000

Allowance for credit losses on loans to total loans held for investment	1.07		%	1.13		%	1.13		%	1.16		%	1.24		%
Allowance for credit losses on loans to average total loans held for investment	1.16		%	1.12		%	1.15		%	1.19		%	1.29		%
Net charge-offs to average total loans held for investment(1)	0.30		%	0.18		%	0.23		%	0.22		%	0.18		%
Net charge-offs to average total loans held for investment for last 12 months(1)	0.23		%	0.20		%	0.21		%	0.18		%	0.18		%
Total provision for credit losses to average total loans held for investment(1)	0.28		%	0.18		%	0.20		%	0.26		%	0.32		%
Total allowance for credit losses to total loans held for investment	1.32		%	1.38		%	1.37		%	1.40		%	1.48		%

(1)Interim period ratios are annualized.


TEXAS CAPITAL BANCSHARES, INC.
NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS
(dollars in thousands)
	1st Quarter			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter
	2026			2025			2025			2025			2025
NON-PERFORMING ASSETS
Non-accrual loans held for investment	$	144,947		$	116,880		$	96,084		$	113,609		$	93,565
Non-accrual loans held for sale(1)	21,333			4,361			—			—			—
Other real estate owned	—			—			—			—			—
Total non-performing assets	$	166,280		$	121,241		$	96,084		$	113,609		$	93,565

Non-accrual loans held for investment to total loans held for investment	0.58		%	0.49		%	0.40		%	0.47		%	0.42		%
Total non-performing assets to total assets	0.50		%	0.38		%	0.30		%	0.36		%	0.30		%
Allowance for credit losses on loans to non-accrual loans held for investment	1.9x			2.3x			2.9x			2.4x			3.0x
Total allowance for credit losses to non-accrual loans held for investment	2.3x			2.8x			3.5x			2.9x			3.6x

LOANS PAST DUE

Loans held for investment past due 90 days and still accruing	$	18,030		$	19,353		$	126		$	2,068		$	791
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	$	650,615		$	634,919		$	529,732		$	637,462		$	762,887
Criticized loans to total loans held for investment	2.58		%	2.64		%	2.19		%	2.66		%	3.41		%
Special mention loans	$	366,422		$	346,643		$	249,592		$	339,923		$	484,165
Special mention loans to total loans held for investment	1.46		%	1.44		%	1.03		%	1.42		%	2.16		%

(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)
	1st Quarter 2026						4th Quarter 2025						1st Quarter 2025
	Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate
Assets
Debt and equity securities(2)	$	4,635,471	$	49,598	4.30	%	$	4,629,242	$	47,025	3.98	%	$	4,463,876	$	46,565	4.10	%
Interest bearing cash and cash equivalents	2,419,518		21,484		3.60	%	2,994,417		29,821		3.95	%	4,255,796		46,574		4.44	%
Loans held for sale(3)	3,096		—		—	%	47		—		—	%	335		2		2.97	%
Loans held for investment, mortgage finance	5,239,103		51,573		3.99	%	5,890,991		61,319		4.13	%	3,972,106		38,527		3.93	%
Loans held for investment(3)	18,172,432		297,352		6.64	%	18,177,312		307,053		6.70	%	17,527,070		296,091		6.85	%
Less: Allowance for credit losses on loans	268,422		—		—	%	278,315		—		—		272,758		—		—	%
Loans held for investment, net	23,143,113		348,925		6.11	%	23,789,988		368,372		6.14	%	21,226,418		334,618		6.39	%
Total earning assets	30,201,198		420,007		5.63	%	31,413,694		445,218		5.61	%	29,946,425		427,759		5.76	%
Cash and other assets	1,173,895						1,192,624						1,157,184
Total assets	$	31,375,093					$	32,606,318					$	31,103,609

Liabilities and Stockholders’ Equity
Transaction deposits	$	2,605,884	$	14,980	2.33	%	$	2,470,262	$	13,468	2.16	%	$	2,163,250	$	13,908	2.61	%
Savings deposits	14,148,034		118,695		3.40	%	14,453,912		130,536		3.58	%	13,357,243		133,577		4.06	%
Time deposits	2,020,757		20,229		4.06	%	2,207,631		23,255		4.18	%	2,329,384		27,451		4.78	%
Total interest bearing deposits	18,774,675		153,904		3.32	%	19,131,805		167,259		3.47	%	17,849,877		174,936		3.97	%
Short-term borrowings	257,989		2,360		3.71	%	221,250		2,153		3.86	%	751,500		8,246		4.45	%
Long-term debt	675,780		8,111		4.87	%	620,505		7,465		4.77	%	660,445		8,073		4.96	%
Total interest bearing liabilities	19,708,444		164,375		3.38	%	19,973,560		176,877		3.51	%	19,261,822		191,255		4.03	%
Non-interest bearing deposits	7,489,751						8,455,034						7,875,244
Other liabilities	503,038						457,757						552,154
Stockholders’ equity	3,673,860						3,719,967						3,414,389
Total liabilities and stockholders’ equity	$	31,375,093					$	32,606,318					$	31,103,609
Net interest income			$	255,632					$	268,341					$	236,504
Net interest margin					3.43	%					3.38	%					3.19	%

(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 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)	1st Quarter 2026			4th Quarter 2025			3rd Quarter 2025			2nd Quarter 2025			1st Quarter 2025
Net interest income	$	254,719		$	267,437		$	271,771		$	253,395		$	236,034

Non-interest income	69,266			60,046			68,583			54,069			44,444
Available-for-sale debt securities losses, net	—			—			—			1,886			—
Non-interest income, adjusted	69,266			60,046			68,583			55,955			44,444

Total revenue(1)	323,985			327,483			340,354			307,464			280,478
Total revenue, adjusted(1)	323,985			327,483			340,354			309,350			280,478

Non-interest expense	213,568			184,198			190,575			190,276			203,020
FDIC special assessment	—			2,242			—			—			—
Restructuring expenses	(1,401)			—			—			(1,401)			—


Non-interest expense, adjusted	212,167			186,440			190,575			188,875			203,020

Provision for credit losses	16,000			11,000			12,000			15,000			17,000

Income tax expense	20,629			31,626			32,569			24,860			13,411
Tax effect of adjustments	339			(526)			—			774			—
Income tax expense, adjusted	20,968			31,100			32,569			25,634			13,411

Net income(2)	$	73,788		$	100,659		$	105,210		$	77,328		$	47,047
Net income, adjusted(2)	$	74,850		$	98,943		$	105,210		$	79,841		$	47,047

Preferred stock dividends	4,313			4,312			4,313			4,312			4,313

Net income to common stockholders(3)	$	69,475		$	96,347		$	100,897		$	73,016		$	42,734
Net income to common stockholders, adjusted(3)	$	70,537		$	94,631		$	100,897		$	75,529		$	42,734

PPNR(4)	$	110,417		$	143,285		$	149,779		$	117,188		$	77,458
PPNR, adjusted(4)	$	111,818		$	141,043		$	149,779		$	120,475		$	77,458

Weighted average common shares outstanding, diluted	44,601,129			45,509,370			46,233,167			46,215,394			46,616,704
Diluted earnings per common share	$	1.56		$	2.12		$	2.18		$	1.58		$	0.92
Diluted earnings per common share, adjusted	$	1.58		$	2.08		$	2.18		$	1.63		$	0.92

Average total assets	$	31,375,093		$	32,606,318		$	32,162,709		$	31,419,469		$	31,103,609
Return on average assets	0.95		%	1.22		%	1.30		%	0.99		%	0.61		%
Return on average assets, adjusted	0.97		%	1.20		%	1.30		%	1.02		%	0.61		%

Average common equity	$	3,373,860		$	3,419,967		$	3,324,184		$	3,195,041		$	3,114,389
Return on average common equity	8.35		%	11.18		%	12.04		%	9.17		%	5.56		%
Return on average common equity, adjusted	8.48		%	10.98		%	12.04		%	9.48		%	5.56		%

Efficiency ratio(5)	65.9		%	56.2		%	56.0		%	61.9		%	72.4		%
Efficiency ratio, adjusted(5)	65.5		%	56.9		%	56.0		%	61.1		%	72.4		%

Average earning assets	$	30,201,198		$	31,413,694		$	31,003,701		$	30,302,351		$	29,946,425
Non-interest income to average earning assets	0.93		%	0.76		%	0.88		%	0.72		%	0.60		%
Non-interest income to average earning assets, adjusted	0.93		%	0.76		%	0.88		%	0.74		%	0.60		%
Non-interest expense to average earning assets	2.87		%	2.33		%	2.44		%	2.52		%	2.75		%
Non-interest expense to average earning assets, adjusted	2.85		%	2.35		%	2.44		%	2.50		%	2.75		%

(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.

2 Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans. Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward- looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including 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.

3 Q1 2026 Highlights (Compared to Q1 20251) GAAP $69.5 +$26.7 or +63% Adjusted2 $70.5 +$27.8 or +65% GAAP $110.4 +$33.0 or +43% Adjusted2 $111.8 +$34.4 or +44% Investment Banking, Private Wealth, and Treasury Product Fees5 $58.8 +$21.8 or +59% Book Value per Share $75.71 +$7.71 or 11% Tangible Book Value per Share6 $75.67 +$7.70 or 11% Credit Quality Balance Sheet & Capital Financial Results 3.43% +24bps ◼ Adjusted earnings per share2 grew $0.66 or 72% YoY to $1.58 ◼ Q1 2026 adjusted return on average assets2 of 0.97%, a 36bps improvement YoY, reflecting continued earnings momentum with adjusted pre-provision net revenue2, 3 up 44% to $111.8mm ◼ Fee income from areas of focus increased $21.8mm or 59% YoY to $58.8mm, driven by record fee income across investment banking and trading, treasury product fees5, and wealth fees ◼ Tangible book value per share6 grew 11% YoY to $75.67, an all-time high for the Firm ◼ Commercial loan balances increased $1.2bn or 10% YoY, supporting total loan growth of $2.8bn ◼ Repurchased $75mm or 770 thousand shares in Q1 2026 at a weighted average price of approximately 127% of prior month tangible book value per share6 ◼ Total ACL as a percentage of LHI of 1.32% and 1.81% when excluding mortgage finance ◼ Quarterly net charge-offs totaled $17.4mm or 30bps of average LHI ◼ Criticized loans as a percentage of total LHI declined 6bps QoQ to 2.58% while migration trends continue as expected Net Income to Common ($mm) Net Interest Margin Capital Fee Income From Areas of Focus ($mm) Book Value per Share Common Equity / Total Assets 9.87% -11bps Tangible Common Equity / Tangible Assets4 9.87% -10bps PPNR3 ($mm) $1.56 +$0.64 or 70% 0.95% +34bps 8.4% +279bps 65.9% -646bps $1.58 +$0.66 or 72% 0.97% +36bps 8.5% +292bps 65.5% -689bps EPS ROAA ROACE Efficiency Ratio8 Q1 2026 Key Metrics GAAP Adjusted2 8.4% +278bps 8.5% +291bps ROATCE7 Record high in the history of the Firm

4 Q1 2026Q4 2025 Non-GAAP2 Adjustments ($mm) 213.6 184.2 Non-Interest Expense 0.02.2FDIC Special Assessment (1.4)0.0Restructuring Expenses 212.2186.4Non-Interest Expense, Adj. Financial Performance // Income Statement Adjusted (Non-GAAP2) Adjusted (Non-GAAP2) Adjusted (Non-GAAP2) Financial Highlights ($mm) Q1 2026Q1 2026Q4 2025Q4 2025Q1 202520252025 $254.7 $254.7 267.4 267.4 $236.0 1,028.6 1,028.6 Net Interest Income 69.3 69.3 60.0 60.0 44.4 229.0 227.1 Non-Interest Revenue 324.0 324.0 327.5 327.5 280.5 1,257.7 1,255.8 Total Revenue 212.2 213.6 186.4 184.2 203.0 768.9 768.1 Non-Interest Expense 111.8 110.4 141.0 143.3 77.5 488.8 487.7 PPNR3 16.0 16.0 11.0 11.0 17.0 55.0 55.0 Provision for Credit Losses 21.0 20.6 31.1 31.6 13.4 102.7 102.5 Income Tax Expense 74.8 73.8 98.9 100.7 47.0 331.0 330.2 Net Income 4.3 4.3 4.3 4.3 4.3 17.3 17.3 Preferred Stock Dividends 70.5 69.5 94.6 96.3 42.7 313.8 313.0 Net Income to Common Q1 2026Q1 2026Q4 2025Q4 2025Q1 202520252025Performance Metrics 0.97% 0.95% 1.20% 1.22% 0.61% 1.04% 1.04% Return on Average Assets 1.45% 1.43% 1.72% 1.74% 1.01% 1.54% 1.53% PPNR3 / Average Assets 65.5% 65.9% 56.9% 56.2% 72.4% 61.1% 61.2% Efficiency Ratio8 8.5% 8.4% 11.0% 11.2% 5.6% 9.6% 9.6% Return on Average Common Equity $1.58 $1.56 $2.08 $2.12 $0.92 $6.80 $6.79 Earnings Per Share 2025 Non-GAAP2 Adjustments ($mm) 227.1 Non-Interest Income 1.9Loss on AFS Debt Securities Sale 229.0 Non-Interest Income, Adj. 768.1 Non-Interest Expense 2.2FDIC Special Assessment (1.4)Restructuring Expenses 768.9 Non-Interest Expense, Adj.

5 Balance Sheet Highlights ($mm) Ending Balances YoYQoQQ1 2026Q4 2025Q1 2025 Assets (22%)41% 2,957 2,099 3,802 Cash and Equivalents 3% (1%)4,673 4,723 4,531 Debt & Equity Securities 10% 3% 12,499 12,164 11,327 Commercial Loans (9%)(2%)5,287 5,379 5,807 CRE Loans (17%)(1%)431 434 520 Consumer Loans 47% 15% 6,962 6,064 4,726 Mortgage Finance Loans 13% 5% 25,180 24,040 22,380 Total LHI (3%)(0%)(270)(271)(278)Allowance for Credit Losses on Loans 7% 6% 33,486 31,540 31,376 Total Assets Financial Performance // Quarterly Balance Sheet Highlights Q1 2026Q4 2025Q1 2025Performance Metrics 23% 22% 27% Cash & Securities % of Assets 50% 51% 51% Commercial Loans % of Total LHI (331)(333)(332)Total Allowance for Credit Losses ($mm) 1.32% 1.38% 1.48% Total ACL / Total LHI YoYQoQQ1 2026Q4 2025Q1 2025 Liabilities (3%)10% 7,635 6,959 7,875 Non-Interest Bearing Deposits 15% 7% 20,882 19,490 18,178 Interest Bearing Deposits 9% 8% 28,517 26,449 26,053 Total Deposits (100%)(100%)0 330 750 Short-Term Borrowings 7% 7% 29,880 27,909 27,946 Total Liabilities Equity 4% (0%)3,393 3,396 3,266 Common Equity, Excl. AOCI (36%)34% (87)(65)(136)AOCI 5% (1%)3,606 3,631 3,430 Total Shareholder’s Equity (5%)(1%)43,671,305 44,253,688 46,024,933 Common Shares Outstanding Q1 2026Q4 2025Q1 2025 88% 91% 86% Total LHI % of Deposits 27% 26% 30% Non-Interest Bearing % of Deposits $75.71 $75.28 $68.00 Book Value Per Share $75.67 $75.25 $67.97 Tangible Book Value Per Share6

6 $4.4 $5.2 $5.4 $4.0 $5.3 $5.5 $5.9 $5.2 4% 15% 29% 54% 59% 67% $5.1 $5.5 $5.2 $4.7 $5.9 $6.1 $6.1 $7.0 $5.8 $5.6 $5.7 $5.4 $5.3 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $11.3 $11.8 $11.9 $12.2 $12.5 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 ◼ Total LHI increased $2.8bn or 13% YoY to $25.2bn, supported by continued commercial loan growth and higher mortgage finance balances ◼ Ending period commercial loans increased $1.2bn or 10% YoY to $12.5bn ◼ Growth driven by continued success winning new client relationships; C&I commitments up $2.8bn or 14% YoY ◼ Commercial real estate loans declined modestly to $5.3bn, down $91mm or 2% QoQ ◼ Average mortgage finance loans declined 11% QoQ to $5.2bn during the seasonally slower Q1 ◼ Period end balances were 33% higher than average balances in Q1 2026 as the industry enters a seasonally strong mortgage origination period ◼ Enhanced credit structures represented 67% of period end balances, compared to 15% in Q1 last year, resulting in a current blended risk weighting of 53% on MF9 loans ◼ Credits in the enhanced structures at quarter end carry a blended 30% risk weight Loan Portfolio Composition Mortgage Finance Loans ($bn) Commercial Loans ($bn) Commercial Real Estate Loans ($bn) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Average Period End Enhanced Credit Structures % of Total Period End

7 2.76% 2.65% 2.62% 2.41% 2.38% 2.54% 2.41% 2.36% 2.18% 2.16% 3.97% 3.83% 3.76% 3.47% 3.32% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $3.4 $3.4 $3.4 $3.5 $3.3 $3.4 $4.5 $4.8 $4.9 $5.0 $4.2 $4.2 $17.4 $18.0 $19.0 $19.1 $18.4 $18.4 $0.5 $0.3 $0.0 $0.0 $0.4 $2.5 $25.7 $26.5 $27.4 $27.6 $26.3 $28.5 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2026 Q1 2026 EOP Deposit and Funding Composition ◼ Period end total deposit balances increased $2.5bn or 9% YoY ◼ Ending non-interest bearing deposits, excl. MF9 deposits increased for the second straight quarter, growing $76mm, now up $309mm, or 10% since Q3 2025 ◼ Average MF9 non-interest bearing deposits declined to $4.2bn QoQ, coupled with the seasonal decline in average MF9 loans resulted in an improvement in the self- funding ratio to 80% ◼ The multi-year focus on deliberately managing the self-funding ratio continued with a year over year improvement from 113% in Q1 2025 ◼ The majority of MF9 non-interest bearing deposits are compensated through relationship pricing which results in application of an interest credit to either the client’s mortgage finance or commercial loan yield ◼ The periodic assessment of interest credit allocation resulted in a change during Q1 of 2026; 70% of interest credits were applied to mortgage finance loans, compared to 60% in prior periods ◼ Average cost of interest bearing deposits declined by 15bps to 3.32% ◼ Cumulative beta of 75% since the beginning of the easing cycle Average Deposit Trends ($bn) Mortgage Finance Self Funding Ratio Funding Costs Avg Cost of Total Deposits Total Cost of Funds Avg Cost of Int. Bearing Deposits Non-Interest Bearing, Excl. MF9 MF9 Non-Interest Bearing Interest Bearing Interest Bearing Brokered YoY Change Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 ($0.3)$4.2 $5.0 $4.9 $4.8 $4.5 Average MF9 Non-Interest Bearing Deposits ($bn) $1.3 $5.2 $5.9 $5.5 $5.3 $4.0 Average MF9 Loans ($bn) (33%)80% 85% 90% 91% 113% MF9 Self Funding Ratio

8 (12.9%) (11.3%) (6.7%) (5.6%) 3.6% 2.8% 6.8% 5.5% (10.0%) (8.0%) (6.0%) (4.0%) (2.0%) 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Q4 2025 Q1 2026 -200bps Shock -100bps Shock +100bps Shock +200bps Shock Net Interest Income Sensitivity Standard Model Assumptions10 100bp & 200bp Parallel Shocks ◼ Loan Balances: Static ◼ Deposit Balances: Static ◼ Loan Spreads: Current Levels ◼ Up Scenario Int. Bearing Deposit Beta: ~80% ◼ Down Scenario Int. Bearing Deposit Beta: ~60% ◼ Investment Portfolio: Ratio held constant Net Interest Income Sensitivity – Static Balance Sheet ($mm) $1,062mm$1,009mm Base NII11 Q1 2026Q4 2025 Yield Balance ($mm) Yield Balance ($mm) 3.60% $2,420 3.95% $2,994 Interest Bearing Cash and Equivalents 4.30% 4,635 3.98% 4,629 Debt & Equity Securities 0.00% 3 0.00% 0 Loans Held for Sale 6.64% 18,172 6.70% 18,177 LHI Excl. Mortgage Finance LHI 3.99% 5,239 4.13% 5,891 Mortgage Finance LHI --(268)--(278)ACL on Loans 5.63% $30,201 5.61% $31,414 Earning Assets ◼ 94% of LHI excl. mortgage finance LHI is variable rate ◼ $1bn of loans are fixed rate with 10% maturing or repricing in the next 12 months ◼ Added $500mm of 2 year receive-fixed swaps with a weighted average receive rate of 3.45% against 1-month SOFR during the quarter ◼ $100mm effective March 1st while $400mm became effective April 1st Impacts of Mortgage Finance ◼ Mortgage finance LHI represents 22% of the average total LHI portfolio with the majority tied to 1-month SOFR ◼ The average SOFR rate for the quarter declined by 24bps compared to last quarter ◼ Given the current outlook and observed seasonality, the average mortgage finance self funding ratio is expected to be between 70-80% in the medium term ◼ Firm’s overall net interest income sensitivity (per the chart above) is inclusive of mortgage finance NII impact on a flat balance sheet and does not account for changes in mortgage finance loan volumes in either a lower or higher rate environment $69 $37 ($68) ($130) $59 $30 ($59) ($120) Receive Rate Average Notional Balance ($bn) 3.45% 1.9 Q1 2026 3.46% 2.2 Q2 2026 3.46% 2.2 Q3 2026 3.46% 2.2 Q4 2026 3.46% 2.2 Q1 2027 3.46% 2.2 Q2 2027 3.43% 2.0 Q3 2027 Cash Flow Hedging Profile Earning Assets Profile (Average)

9 $267.4 ($0.0) ($9.0) ($6.5) ($3.2) ($0.7) ($5.8) $3.0 $10.4 ($0.9) $254.7 Q4 2025 Loans Excl MF Volume Loans Excl MF Yield MF Loan Volume MF Yield Loan Fees Investment Securities & Cash Interest Bearing Deposits Volume Interest Bearing Deposit Cost Borrowings Q1 2026 $131.6 $118.8 $119.9 $108.9 $137.9 $71.4 $70.1 $70.7 $77.6 $74.2 $1.4 ($2.2) $1.4 $203.0 $190.3 $190.6 $184.2 $213.6 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $236.0 $253.4 $271.8 $267.4 $254.7 $44.4 $54.1 $68.6 $60.0 $69.3 $1.9 $280.5 $307.5 $340.4 $327.5 $324.0 3.19% 3.35% 3.47% 3.38% 3.43% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 65% 62% 63% 59% Q1-2026 Earnings Overview Net Interest Income ($mm) Total Revenue ($mm) Non-Interest Expense ($mm) 64% 9 9 9 9 35% 37% 37% Salaries & Benefits Other NIE Non-Recurring Items2Net Interest Income Non-Recurring Items2 35% 42% 1% 1% Non-Interest Income Net Interest Margin ◼ Net interest income declined $12.7mm QoQ from seasonal mortgage finance factors and anticipated loan repricing which was partially offset by deposit repricing ◼ Non-interest income increased $24.8mm or 56% YoY to $69.3mm ◼ Quarterly adjusted non-interest expense2 increased $25.7mm QoQ to $212.2mm, impacted by incentive accrual resets and other seasonal payroll and compensation expenses ◼ Other seasonal payroll and compensation expense was approx. $17mm in Q1 2026 compared to $14mm in Q1 of last year (1%)

10 ◼ Non-interest income increased $24.8mm or 56% YoY to $69.3mm, representing 21% of total revenue compared to 16% in Q1 2025 ◼ Fee income from areas of focus reached a record $58.8mm, reflecting the deepening of client relationships across the Firm’s full suite of capabilities ◼ Investment banking and trading income of $42.3mm, a record high, driven by broad based contributions across our offerings ◼ Treasury product fees5 increased 14% YoY to a record high, as clients continue to ramp volumes and expand their product use ◼ Wealth management fees grew 11% YoY to a record $4.4mm, supported by AUM growth of 16% YoY 61% Investment Banking & Trading 6% Wealth 17% Treasury5 16% Other $44.4 $54.1 $68.6 $60.0 $69.3 $56.0 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Non-Interest Income YoY Growth Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025 16%$4.4 $4.2 $4.2 $4.1 $3.8 Assets Under Management12 ($bn) 11%$4.4 $4.2 $4.0 $3.7 $4.0 Wealth Management & Trust Fee Income ($mm) 14%$12.1 $11.1$11.1 $11.6 $10.6 Treasury Product Fees5 ($mm) 89%$42.3 $36.0 $41.2 $32.0 $22.4 Investment Banking & Trading Income ($mm) 59%$58.8 $51.3 $56.3 $47.3 $37.0 Income from Areas of Focus ($mm) Non-Interest Income ($mm) % of Total Revenue, Adj.2 16% 18% 20% 18% 21% Non-Interest Income Non-Interest Income, Adj.2 Non-Interest Income Composition Q1 2026

11 71% 64% 51% 40% 29% 28% 34% 48% 60% 71% 1% 2% 1% $484.2 $339.9 $249.6 $346.6 $366.4 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 0.30% 0.36% 0.30% 0.38% 0.50% 0.18% 0.22% 0.23% 0.18% 0.30% 3.41% 2.66% 2.19% 2.64% 2.58% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 3.6x 2.8x 2.3x 1.48% 1.38% 1.32% 1.85% 1.82% 1.81% Q1 2025 Q4 2025 Q1 2026 80% 92% 91% 84% 70% 20% 8% 9% 16% 30% $278.7 $297.5 $280.1 $288.3 $284.2 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Asset Quality Trends Allowance for Credit Loss Reserve Ratios Asset Quality Ratios Special Mention Composition ($mm) Substandard Composition ($mm) $17.4 $10.7 $13.7 $13.0 $9.8 Net Charge-Offs ($mm) Total ACL / Non- accrual Loans HFI ◼ Total ACL of $331.5mm ◼ Total ACL, excl. MF9 increased $2.3mm QoQ to $328.9mm ◼ Total ACL, excl. MF9 to LHI, excl. MF9 is in the top decile among Peers13 Total ACL to LHI ratio ◼ $17.4mm of quarterly net charge-offs, 0.30% of average LHI, primarily related to previously identified problem credits ◼ Quarterly provision expense as a percentage of average LHI of 28bps ◼ Quarterly provision expense as a percentage of average LHI excl. MF9 of 36bps ◼ Criticized LHI declined $112mm or 15% YoY, with the percentage of total LHI declining 83bps to 2.58% ◼ Criticized loans increased $15.7mm or 2% linked quarter ◼ Non-performing assets represented 50 basis points of total assets at quarter- end, with the $28 million QoQ increase driven by several credits across diversified industries Commercial Mortgage Finance Real Estate ConsumerCommercial Mortgage Finance Real Estate Consumer Total ACL / LHI Total ACL, Excl. MF9 / LHI Excl. MF9 Q1 2025 Q4 2025 Q1 2026 Criticized / LHI NPAs / Total Assets NCOs / Avg. LHI

12 11.63% 11.45% 12.14% 12.13% 11.99% >11.00% 1.46% 1.41% 1.46% 1.47% 1.45% 2.51% 2.44% 2.50% 2.52% 2.49% 15.61% 15.30% 16.10% 16.12% 15.93% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 2026 Guidance 67.97 70.14 73.02 75.25 75.67 68.00 70.17 73.05 75.28 75.71 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 9.97 10.04 10.25 10.56 9.879.98 10.05 10.26 10.56 9.87 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Tangible Common Equity / Tangible Assets4 Common Equity / Total Assets 2026 Guidance Capital Position and Trends ◼ Regulatory capital ratios remain strong ◼ During the first quarter, the Firm issued $400mm of fixed-to-floating rate senior notes at 5.30% due in 2032 ◼ Subsequently executed a $400mm fair value hedge on the senior notes, effectively converting to a floating rate of SOFR + 197bps ◼ The Firm expects to redeem $375mm of holding company subordinated notes in the second quarter, utilizing proceeds from the senior note issuance ◼ Tangible common equity to tangible assets4 of 9.87%, an important characteristic of our financially resilient business model and a key metric as we manage the balance sheet through-cycle ◼ Tangible book value per share6 expanded $7.70 or 11% YoY as a result of income generated and repurchase activity, offset by AOCI decline ◼ TBVPS6 of $75.67 is an all-time high for the Firm ◼ Repurchased 770 thousand shares in Q1 2026 for a total of $75mm at a weighted average price of approximately 127% of prior month tangible book value per share6 ◼ $125mm remaining on the 2026 authorization at the end of Q1 Regulatory Capital Levels Tangible Common Equity / Tangible Assets4 (%) Period End AOCI ($mm) (87)(65)(84)(113)(136) AOCI per Share ($) (1.99)(1.46)(1.84)(2.47)(2.96) Peer13 Tangible Common Equity / Tangible Assets4 (%) 8.738.558.468.25 CET1 Tier 1 Capital Tier 2 Capital Tangible Book Value per Share6 Book Value per Share Tangible Book Value per Share6 ($)

13 Full Year 2026 Guidance Full Year 2025 Adjusted (Non-GAAP2) Mid to high single-digit % growth$1,257.7mmTotal Revenue, Adjusted2 Mid single-digit % growth$768.9mmNon-Interest Expense, Adjusted2 35bps - 40bps31bpsProvision / Avg LHI, Excl. Mortgage Finance LHI >11%12.13%CET1 Ratio Full Year 2026 Guidance ◼ Forward curve14 assumes 25bps cut in December with an exit rate of 3.50% at year end 2026 ◼ Tax rate expected to be approximately 25% for the full year in 2026 Guidance Commentary

14 1. Comparisons vs. Q1 2025 GAAP and adjusted metrics unless otherwise noted 2. See slide: Non-GAAP Reconciliation // Adjusted Earnings & Ratios 3. “PPNR” used as an abbreviation for Pre-Provision Net Revenue which is the sum of net interest income and non-interest income, less non-interest expense 4. Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles 5. Includes service charges on deposit accounts, as well as fees related to our commercial card program, merchant transactions, and non-trading FX transactions, all of which are included in other non-interest income and totaled $2.8mm, $3.4mm, $3.0mm, $2.6mm, and $2.9mm for Q1 2025, Q2 2025, Q3 2025, Q4 2025, and Q1 2026 respectively 6. Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end 7. See slide: Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE) 8. Non-interest expense divided by the sum of net interest income and non-interest income 9. “MF” used as abbreviation for Mortgage Finance 10. Model assumptions are only for Q1 2026; See prior TCBI Earnings Materials for prior model assumptions 11. Baseline scenarios hold constant balances, market rates, and assumptions as of period end reporting 12. Assets Under Management includes non-discretionary brokerage assets that the Firm earns wealth management and trust fee income on 13. Major exchange traded US peer banks with $20-100bn in total assets, excluding PR headquartered banks and merger targets; Source: S&P Capital IQ Pro; peer data as of Q4 2025 14. Forward curve as of March 15, 2026 Appendix // Footnotes

15 Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE) ROATCE is a non-GAAP financial measure. ROATCE represents the measure of net income available to common shareholders as a percentage of average tangible common equity. ROATCE is used by management in assessing financial performance and use of equity. A reconcilement of ROATCE to the most directly comparable U.S. GAAP measure, ROACE, for all periods is presented below. (1) See slide Non-GAAP Reconciliation // Adjusted Earnings & Ratios YoY ChangeQ1 2026Q1 2025 Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported ($mm, unless noted otherwise) $27.8 $26.7 $70.5 $69.5 $42.7 $42.7 Net Income to Common $259.5 $259.5 $3,373.9 $3,373.9 $3,114.4 $3,114.4 Average Common Equity 0.0 0.0 1.5 1.5 1.5 1.5 Less: Average Goodwill & Intangibles $259.5 $259.5 $3,372.4 $3,372.4 $3,112.9 $3,112.9 Average Tangible Common Equity 2.9%2.8%8.5%8.4%5.6%5.6%ROACE 2.9%2.8%8.5%8.4%5.6%5.6%ROATCE

16 Non-GAAP Reconciliation // Adjusted Earnings & Ratios FY 2025 YoY Change Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 ($mm, except per share) $1,028.6 $18.7 $254.7 $267.4 $271.8 $253.4 $236.0 Net Interest Income 227.1 24.8 69.3 60.0 68.6 54.1 44.4 Non-Interest Revenue Adjustments for Non-Recurring Items: 1.9 ----1.9 -Loss on AFS Debt Securities Sale 229.0 24.8 69.3 60.0 68.6 56.0 44.4 Non-Interest Revenue, Adjusted 1,255.8 43.5 324.0 327.5 340.4 307.5 280.5 Total Revenue1 1,257.7 43.5 324.0 327.5 340.4 309.4 280.5 Total Revenue, Adjusted1 768.1 10.5 213.6 184.2 190.6 190.3 203.0 Non-Interest Expense Adjustments: (1.4)(1.4)(1.4)--(1.4)-Restructuring Expense 2.2 --2.2 ---FDIC Special Assessment 768.9 9.1 212.2 186.4 190.6 188.9 203.0 Non-Interest Expense, Adjusted 487.7 33.0 110.4 143.3 149.8 117.2 77.5 PPNR2 488.8 34.4 111.8 141.0 149.8 120.5 77.5 PPNR, Adjusted2 55.0 (1.0)16.0 11.0 12.0 15.0 17.0 Provision for Credit Losses 102.5 7.2 20.6 31.6 32.6 24.9 13.4 Income Tax Expenses 0.2 0.3 0.3 (0.5)-0.8 -Tax Impact of Adjustments Above 102.7 7.6 21.0 31.1 32.6 25.6 13.4 Income Tax Expenses, Adjusted 330.2 26.7 73.8 100.7 105.2 77.3 47.0 Net Income3 331.0 27.8 74.8 98.9 105.2 79.8 47.0 Net Income, Adjusted3 17.3 -4.3 4.3 4.3 4.3 4.3 Preferred Stock Dividends 313.0 26.7 69.5 96.3 100.9 73.0 42.7 Net Income to Common4 313.8 27.8 70.5 94.6 100.9 75.5 42.7 Net Income to Common, Adjusted4 $31,828.1 $271.5 $31,375.1 $32,606.3 $32,162.7 $31,419.5 $31,103.6 Average Assets 1.04% 0.34% 0.95% 1.22% 1.30% 0.99% 0.61% Return on Average Assets 1.04% 0.36% 0.97% 1.20% 1.30% 1.02% 0.61% Return on Average Assets, Adjusted 1.53% 0.42% 1.43% 1.74% 1.85% 1.50% 1.01% PPNR2 / Average Assets 1.54% 0.44% 1.45% 1.72% 1.85% 1.54% 1.01% PPNR, Adjusted2 / Average Assets $3,264.4 $259.5 $3,373.9 $3,420.0 $3,324.2 $3,195.0 $3,114.4 Average Common Equity 9.59% 2.79% 8.35% 11.18% 12.04% 9.17% 5.56% Return on Average Common Equity 9.61% 2.92% 8.48% 10.98% 12.04% 9.48% 5.56% Return on Average Common Equity, Adjusted 46,127,375 (2,015,575)44,601,129 45,509,370 46,233,167 46,215,394 46,616,704 Diluted Common Shares $6.79 $0.64 $1.56 $2.12 $2.18 $1.58 $0.92 Earnings per Share $6.80 $0.66 $1.58 $2.08 $2.18 $1.63 $0.92 Earnings per Share, Adjusted 61.2%(6.5%)65.9% 56.2%56.0%61.9%72.4%Efficiency Ratio5 61.1%(6.9%)65.5% 56.9%56.0%61.1%72.4%Efficiency Ratio, Adjusted5 Adjusted line items are non-GAAP financial measures that management believes aids in the discussion of results. A reconcilement of these adjusted items to the most directly comparable U.S. GAAP measures for all periods is presented below. Periods not presented below did not have adjustments. 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. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted 3. 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 4. Net income, less preferred stock dividends. On an adjusted basis, net income, adjusted, less preferred stock dividends 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 noninterest income, adjusted

Source: View Original Filing on SEC EDGAR

FAQ

How did Texas Capital Bancshares (TCBI) perform financially in Q1 2026?

Texas Capital Bancshares reported net income available to common stockholders of $69.5 million in Q1 2026, up 63% year-over-year. Diluted EPS rose to $1.56 from $0.92, supported by higher net interest income, stronger fee revenue and improved net interest margin.

What were the key drivers of Texas Capital Bancshares’ revenue and margin in Q1 2026?

Total revenue reached $324.0 million, with net interest income of $254.7 million and non-interest income of $69.3 million. Net interest margin improved to 3.43%, helped by higher average earning assets and lower deposit costs, while targeted fee income grew 59% to $58.8 million.

How did credit quality and loan performance trend for Texas Capital Bancshares in Q1 2026?

The company recorded a $16.0 million provision for credit losses and $17.4 million in net charge-offs. Non-accrual loans held for investment increased to $144.9 million, and non-accrual loans equaled 0.58% of total loans, while the total allowance for credit losses was 1.32% of loans.

What capital and shareholder return actions did Texas Capital Bancshares announce?

Texas Capital reported a strong 12.0% Common Equity Tier 1 ratio and 15.9% total capital ratio. The board declared a new quarterly common dividend of $0.20 per share and repurchased 770,423 shares for $75.1 million, helping lift tangible book value per share to $75.67.

What governance and shareholder meeting outcomes did Texas Capital Bancshares disclose?

Shareholders elected ten directors, ratified Ernst & Young LLP as auditor and approved 2025 executive compensation on an advisory basis. They did not approve redomestication from Delaware to Texas and rejected increasing the threshold required to submit stockholder proposals or to adjourn the meeting for additional proxies.

Did Texas Capital Bancshares change its leadership structure in this filing?

Yes. The company named John Cummings, previously Managing Director and Chief Administrative Officer, as Chief Operating Officer, effective April 16, 2026. Biographical information for Mr. Cummings is incorporated by reference from the March 12, 2026 definitive proxy statement.

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Texas Capital Bancshares (NASDAQ: TCBI) posts Q1 2026 profit surge and starts dividend

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FAQ

How did Texas Capital Bancshares (TCBI) perform financially in Q1 2026?

What were the key drivers of Texas Capital Bancshares’ revenue and margin in Q1 2026?

How did credit quality and loan performance trend for Texas Capital Bancshares in Q1 2026?

What capital and shareholder return actions did Texas Capital Bancshares announce?

What governance and shareholder meeting outcomes did Texas Capital Bancshares disclose?

Did Texas Capital Bancshares change its leadership structure in this filing?

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Texas Capital Bancshares (NASDAQ: TCBI) posts Q1 2026 profit surge and starts dividend

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Positive

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8-K Event Classification

Key Figures

Key Terms

Earnings Snapshot

FAQ

How did Texas Capital Bancshares (TCBI) perform financially in Q1 2026?

What were the key drivers of Texas Capital Bancshares’ revenue and margin in Q1 2026?

How did credit quality and loan performance trend for Texas Capital Bancshares in Q1 2026?

What capital and shareholder return actions did Texas Capital Bancshares announce?

What governance and shareholder meeting outcomes did Texas Capital Bancshares disclose?

Did Texas Capital Bancshares change its leadership structure in this filing?

Filing Exhibits & Attachments

Press Releases

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