株探米国株
日本語 英語
エドガーで原本を確認する
TEXAS CAPITAL BANCSHARES INC/TX0001077428false00010774282026-04-162026-04-160001077428us-gaap:CommonStockMember2026-04-162026-04-160001077428us-gaap:SeriesBPreferredStockMember2026-04-162026-04-16

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


EX-99.1 2 a4232026exhibit991.htm EX-99.1 EARNINGS RELEASE Document

Exhibit 99.1
tcbicolorlogoforreleasea.jpg
 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.
2

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.


3

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.
    
4

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 
5

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 
6

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.
7

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.
8

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.

9

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.
10
EX-99.2 3 a1q2026_earningsxpresent.htm EX-99.2 a1q2026_earningsxpresent
© 2026 Texas Capital Bank Member FDIC April 23, 2026 Q1-2026 Earnings

 
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