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

DALLAS, April 23, 2026 (GLOBE NEWSWIRE) -- “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.

INVESTOR CONTACTJocelyn Kukulka, 469.399.8544jocelyn.kukulka@texascapital.com

Source: Texas Capital Bancshares, Inc.