テキサスキャピタルバンクの適時開示・決算・その他

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): July 22, 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 July 22, 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 June 30, 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 9.01. Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release, dated July 2 2 , 2026 announcing Texas Capital Bancshares, Inc.'s operating and financial results for its fiscal quarter ended June 3 0 , 2026

99.2 Presentation dated July 2 2 , 2026 discussing Texas Capital Bancshares, Inc.’s operating and financial results for its fiscal quarter ended June 3 0 , 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:

July 22, 2026

TEXAS CAPITAL BANCSHARES, INC.

By:

/s/ J. Matthew Scurlock

J. Matthew Scurlock
Chief Financial Officer

EX-99.1 2 a07222026exhibit991.htm EX-99.1 EARNINGS RELEASE Document

Exhibit 99.1


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

Dallas, TX - July 22, 2026

TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES SECOND QUARTER 2026 RESULTS

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

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

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

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

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




	2nd Quarter			1st Quarter			2nd Quarter
(dollars in thousands except per share data)	2026			2026			2025
Summary Income Statement
Net interest income	$	260,377		$	254,719		$	253,395
Non-interest income	75,118			69,266			54,069
Total revenue	335,495			323,985			307,464
Non-interest expense	205,493			213,568			190,276
Pre-provision net revenue(1)	130,002			110,417			117,188

Provision for credit losses	18,000			16,000			15,000
Net income available to common stockholders	80,636			69,475			73,016

Non-interest income, adjusted(2)	$	75,118		$	69,266		$	55,955
Total revenue, adjusted(2)	335,495			323,985			309,350
Non-interest expense, adjusted(2)	202,772			212,167			188,875
Pre-provision net revenue, adjusted(1)(2)	132,723			111,818			120,475
Net income to common stockholders, adjusted(2)	82,698			70,537			75,529

Key Metrics
Diluted earnings per common share	$	1.83		$	1.56		$	1.58
Diluted earnings per common share, adjusted(2)	$	1.88		$	1.58		$	1.63
Return on average assets	1.03		%	0.95		%	0.99		%
Return on average assets, adjusted(2)	1.06		%	0.97		%	1.02		%
Return on average common equity	9.56		%	8.35		%	9.17		%
Return on average common equity, adjusted(2)	9.80		%	8.48		%	9.48		%
Efficiency ratio(3)	61.3		%	65.9		%	61.9		%
Efficiency ratio, adjusted(2)(3)	60.4		%	65.5		%	61.1		%
Net interest margin	3.28		%	3.43		%	3.35		%
Book value per share	$	77.01		$	75.71		$	70.17
Tangible book value per share(4)	$	76.98		$	75.67		$	70.14
Common Equity Tier 1 ratio	12.1		%	12.0		%	11.4		%

Balance Sheet
Total assets	$	33,913,361		$	33,486,484		$	31,943,535
Loans held for investment	18,563,845			18,217,976			18,035,945
Loans held for investment, mortgage finance	6,383,381			6,961,686			5,889,589
Total deposits	28,911,388			28,516,688			26,064,309
Stockholders’ equity	3,647,707			3,606,207			3,510,070

(1) Net interest income plus non-interest income, less non-interest expense.

(2) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.

(3) Non-interest expense divided by the sum of net interest income and non-interest income.

(4) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.

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

SECOND QUARTER 2026 COMPARED TO FIRST QUARTER 2026

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

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

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

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

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

SECOND QUARTER 2026 COMPARED TO SECOND QUARTER 2025

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

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

Net interest income increased to $260.4 million for the second quarter of 2026, compared to $253.4 million for the second quarter of 2025, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by a decrease in earning asset yields and an increase in average interest bearing deposits. Net interest margin increased 8 basis points to 3.28% for the second quarter of 2026, as compared to the second quarter of 2025. LHI, excluding mortgage finance, yields decreased 20 basis points compared to the second quarter of 2025 and LHI, mortgage finance yields decreased 18 basis points from the second quarter of 2025. Total cost of deposits decreased 31 basis points compared to the second quarter of 2025.

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

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

CREDIT QUALITY

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

REGULATORY RATIOS AND CAPITAL

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

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

PREFERRED AND COMMON DIVIDEND

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

Texas Capital Bancshares, Inc. and its board of directors declared and announced a cash dividend of $0.20 per common share. The

common shares are traded on the NASDAQ under the symbol “TCBI.” The dividend is payable on September 15, 2026, to holders of record at the close of business on September 1, 2026.

About Texas Capital Bancshares, Inc.

Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

Forward Looking Statements

This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans.

Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward-looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including trade policies, geopolitical conflicts, inflation, including increased energy costs, unemployment rates and interest rates; TCBI’s ability to innovate, to anticipate the needs of our current and future customers and to manage increased or expanded competition from banks and other financial service providers in TCBI’s markets; TCBI’s ability to effectively manage its liquidity and maintain adequate regulatory capital to support its businesses; TCBI’s ability to pursue and execute upon growth plans, whether as a function of capital, liquidity or other limitations; TCBI’s ability to successfully execute its business strategy, including its strategic plan and developing and executing new lines of business, products and services; risks related to potential strategic acquisitions, including the risk that TCBI may not be able to consummate acquisitions on favorable terms, if at all, and the risk that TCBI may not realize the anticipated benefits from acquisitions; the extensive regulations to which TCBI is subject and its ability to comply with applicable governmental regulations, including legislative and regulatory changes; TCBI’s ability to effectively manage information technology systems, including third party vendors, cyber or data privacy incidents or other failures, outages, disruptions or security breaches; TCBI’s ability to use technology to provide products and services to its customers; risks related to the development and use of artificial intelligence; changes in interest rates, including the impact of interest rates on TCBI’s securities portfolio and funding costs, as well as related balance sheet implications stemming from the fair value of our assets and liabilities; the effectiveness of TCBI’s risk management processes strategies and monitoring; fluctuations in commercial and residential real estate values, especially as they relate to the value of collateral supporting TCBI’s loans; TCBI’s ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss; adverse developments in the banking industry and the potential impact of such developments on customer confidence, liquidity and regulatory responses to these developments, including in the context of regulatory examinations and related findings and actions; negative press and social media attention with respect to the banking industry or TCBI, in particular; claims, litigation or regulatory investigations and actions that TCBI may become subject to; the failure to identify, attract and retain key personnel and other employees and to engage in adequate succession planning; severe weather, natural disasters, climate change, acts of war, terrorism, global or other geopolitical conflicts, or other external events, as well as related legislative and regulatory initiatives; and the risks and factors more fully described in TCBI’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other documents and filings with the SEC. The information contained in this communication speaks only as of its date. Except to the extent required by applicable law or regulation, we disclaim any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments.


TEXAS CAPITAL BANCSHARES, INC.
SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
(dollars in thousands except per share data)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
	2026			2026			2025			2025			2025
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$	439,930		$	419,094		$	444,314		$	460,615		$	439,567
Interest expense	179,553			164,375			176,877			188,844			186,172
Net interest income	260,377			254,719			267,437			271,771			253,395
Provision for credit losses	18,000			16,000			11,000			12,000			15,000
Net interest income after provision for credit losses	242,377			238,719			256,437			259,771			238,395
Non-interest income	75,118			69,266			60,046			68,583			54,069
Non-interest expense	205,493			213,568			184,198			190,575			190,276
Income before income taxes	112,002			94,417			132,285			137,779			102,188
Income tax expense	27,054			20,629			31,626			32,569			24,860
Net income	84,948			73,788			100,659			105,210			77,328
Preferred stock dividends	4,312			4,313			4,312			4,313			4,312
Net income available to common stockholders	$	80,636		$	69,475		$	96,347		$	100,897		$	73,016
Diluted earnings per common share	$	1.83		$	1.56		$	2.12		$	2.18		$	1.58
Diluted common shares	44,062,419			44,601,129			45,509,370			46,233,167			46,215,394
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	33,913,361		$	33,486,484		$	31,540,274		$	32,536,980		$	31,943,535
Loans held for investment	18,563,845			18,217,976			17,976,183			18,134,059			18,035,945
Loans held for investment, mortgage finance	6,383,381			6,961,686			6,064,019			6,057,804			5,889,589
Loans held for sale	—			21,333			4,361			—			—
Interest bearing cash and cash equivalents	3,488,756			2,702,183			1,897,803			2,852,387			2,507,691
Debt and equity securities	4,564,584			4,673,355			4,723,099			4,601,654			4,608,628
Non-interest bearing deposits	7,573,788			7,634,618			6,959,097			7,689,598			7,718,006
Total deposits	28,911,388			28,516,688			26,448,767			27,505,398			26,064,309
Short-term borrowings	350,000			—			330,000			275,000			1,250,000
Long-term debt	500,859			878,293			620,575			620,416			620,256
Stockholders’ equity	3,647,707			3,606,207			3,631,382			3,637,098			3,510,070

End of period shares outstanding	43,470,167			43,671,305			44,253,688			45,679,863			45,746,836
Book value per share	$	77.01		$	75.71		$	75.28		$	73.05		$	70.17
Tangible book value per share(1)	$	76.98		$	75.67		$	75.25		$	73.02		$	70.14
SELECTED FINANCIAL RATIOS
Net interest margin	3.28		%	3.43		%	3.38		%	3.47		%	3.35		%
Return on average assets	1.03		%	0.95		%	1.22		%	1.30		%	0.99		%
Return on average assets, adjusted(4)	1.06		%	0.97		%	1.20		%	1.30		%	1.02		%
Return on average common equity	9.56		%	8.35		%	11.18		%	12.04		%	9.17		%
Return on average common equity, adjusted(4)	9.80		%	8.48		%	10.98		%	12.04		%	9.48		%
Efficiency ratio(2)	61.3		%	65.9		%	56.2		%	56.0		%	61.9		%
Efficiency ratio, adjusted(2)(4)	60.4		%	65.5		%	56.9		%	56.0		%	61.1		%
Non-interest income to average earning assets	0.95		%	0.93		%	0.76		%	0.88		%	0.72		%
Non-interest income to average earning assets, adjusted(4)	0.95		%	0.93		%	0.76		%	0.88		%	0.74		%
Non-interest expense to average earning assets	2.59		%	2.87		%	2.33		%	2.44		%	2.52		%
Non-interest expense to average earning assets, adjusted(4)	2.55		%	2.85		%	2.35		%	2.44		%	2.50		%
Common equity to total assets	9.9		%	9.9		%	10.6		%	10.3		%	10.1		%
Tangible common equity to total tangible assets(3)	9.9		%	9.9		%	10.6		%	10.3		%	10.1		%
Common Equity Tier 1 ratio	12.1		%	12.0		%	12.1		%	12.1		%	11.4		%
Tier 1 capital ratio	13.5		%	13.4		%	13.6		%	13.6		%	12.9		%
Total capital ratio	14.7		%	15.9		%	16.1		%	16.1		%	15.3		%
Leverage ratio	11.6		%	12.1		%	11.7		%	11.9		%	11.8		%

(1) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.

(2) Non-interest expense divided by the sum of net interest income and non-interest income.

(3) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by total assets, less goodwill and intangibles.

(4) These adjusted measures are non-GAAP measures. Please refer to “GAAP to Non-GAAP Reconciliations” for the computations of these adjusted measures and the reconciliation of these non-GAAP measures to the most directly comparable GAAP measure.


TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(dollars in thousands)
	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025
Assets
Cash and due from banks	$	209,512	$	254,428	$	201,315	$	212,438	$	182,451
Interest bearing cash and cash equivalents	3,488,756		2,702,183		1,897,803		2,852,387		2,507,691
Available-for-sale debt securities	3,826,284		3,913,855		3,951,455		3,801,261		3,774,141
Held-to-maturity debt securities	692,332		709,594		725,722		743,120		761,907
Equity securities	43,429		42,024		41,998		55,054		68,692
Trading debt securities	2,539		7,882		3,924		2,219		3,888
Debt and equity securities	4,564,584		4,673,355		4,723,099		4,601,654		4,608,628
Loans held for sale	—		21,333		4,361		—		—
Loans held for investment, mortgage finance	6,383,381		6,961,686		6,064,019		6,057,804		5,889,589
Loans held for investment	18,563,845		18,217,976		17,976,183		18,134,059		18,035,945
Less: Allowance for credit losses on loans	268,268		270,441		270,557		274,026		277,648
Loans held for investment, net	24,678,958		24,909,221		23,769,645		23,917,837		23,647,886

Premises and equipment, net	91,852		85,698		88,003		88,348		86,831
Accrued interest receivable and other assets	878,203		838,770		854,552		862,820		908,552
Goodwill and intangibles, net	1,496		1,496		1,496		1,496		1,496
Total assets	$	33,913,361	$	33,486,484	$	31,540,274	$	32,536,980	$	31,943,535

Liabilities and Stockholders’ Equity
Liabilities:
Non-interest bearing deposits	$	7,573,788	$	7,634,618	$	6,959,097	$	7,689,598	$	7,718,006
Interest bearing deposits	21,337,600		20,882,070		19,489,670		19,815,800		18,346,303
Total deposits	28,911,388		28,516,688		26,448,767		27,505,398		26,064,309
Accrued interest payable	19,291		9,420		6,716		9,360		14,120
Other liabilities	484,116		475,876		502,834		489,708		484,780
Short-term borrowings	350,000		—		330,000		275,000		1,250,000
Long-term debt	500,859		878,293		620,575		620,416		620,256
Total liabilities	30,265,654		29,880,277		27,908,892		28,899,882		28,433,465

Stockholders’ equity:
Preferred stock, $.01 par value, $1,000 liquidation value:
Authorized shares - 10,000,000
Issued shares(1)	300,000		300,000		300,000		300,000		300,000
Common stock, $.01 par value:
Authorized shares - 100,000,000
Issued shares(2)	520		520		518		518		517
Additional paid-in capital	1,082,419		1,077,139		1,074,496		1,069,582		1,065,083
Retained earnings	2,950,049		2,878,120		2,808,645		2,712,298		2,611,401
Treasury stock(3)	(586,401)		(562,833)		(487,692)		(361,076)		(354,000)
Accumulated other comprehensive loss, net of taxes	(98,880)		(86,739)		(64,585)		(84,224)		(112,931)
Total stockholders’ equity	3,647,707		3,606,207		3,631,382		3,637,098		3,510,070
Total liabilities and stockholders’ equity	$	33,913,361	$	33,486,484	$	31,540,274	$	32,536,980	$	31,943,535

(1) Preferred stock - issued shares	300,000		300,000		300,000		300,000		300,000
(2) Common stock - issued shares	52,012,706		51,974,496		51,786,456		51,767,419		51,747,305
(3) Treasury stock - shares at cost	8,542,539		8,303,191		7,532,768		6,087,556		6,000,469


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

	2nd Quarter 2026		1st Quarter 2026		4th Quarter 2025		3rd Quarter 2025		2nd Quarter 2025		2nd Quarter YTD 2026		2nd Quarter YTD 2025
Interest income
Interest and fees on loans	$	368,416	$	348,020	$	367,481	$	379,017	$	364,358	$	716,436	$	698,508
Debt and equity securities	46,307		49,590		47,012		49,396		45,991		95,897		92,556
Interest bearing cash and cash equivalents	25,207		21,484		29,821		32,202		29,218		46,691		75,792
Total interest income	439,930		419,094		444,314		460,615		439,567		859,024		866,856
Interest expense
Deposits	167,027		153,904		167,259		180,779		174,798		320,931		349,734
Short-term borrowings	3,552		2,360		2,153		534		3,444		5,912		11,690
Long-term debt	8,974		8,111		7,465		7,531		7,930		17,085		16,003
Total interest expense	179,553		164,375		176,877		188,844		186,172		343,928		377,427
Net interest income	260,377		254,719		267,437		271,771		253,395		515,096		489,429
Provision for credit losses	18,000		16,000		11,000		12,000		15,000		34,000		32,000
Net interest income after provision for credit losses	242,377		238,719		256,437		259,771		238,395		481,096		457,429
Non-interest income
Service charges on deposit accounts	8,853		9,223		8,411		8,111		8,182		18,076		16,022
Wealth management and trust fee income	5,136		4,388		4,216		3,989		3,730		9,524		7,694
Brokered loan fees	2,103		2,006		2,467		2,419		2,398		4,109		4,347

Investment banking and advisory fees	31,522		32,016		30,015		33,985		24,109		63,538		40,587
Trading income	11,313		10,251		6,020		7,238		7,896		21,564		13,835
Available-for-sale debt securities gains/(losses), net	—		—		—		—		(1,886)		—		(1,886)


Other	16,191		11,382		8,917		12,841		9,640		27,573		17,914
Total non-interest income	75,118		69,266		60,046		68,583		54,069		144,384		98,513
Non-interest expense
Salaries and benefits	123,339		139,347		108,851		119,856		120,154		262,686		251,795
Occupancy expense	12,359		12,405		12,803		11,828		12,144		24,764		22,988
Marketing	4,786		4,972		5,404		3,412		3,624		9,758		8,633
Legal and professional	14,700		11,980		11,580		12,474		11,069		26,680		26,058
Communications and technology	28,494		27,172		26,303		24,594		24,314		55,666		47,956
Federal Deposit Insurance Corporation insurance assessment	4,586		4,877		2,276		5,198		5,096		9,463		10,437


Other	17,229		12,815		16,981		13,213		13,875		30,044		25,429
Total non-interest expense	205,493		213,568		184,198		190,575		190,276		419,061		393,296
Income before income taxes	112,002		94,417		132,285		137,779		102,188		206,419		162,646
Income tax expense	27,054		20,629		31,626		32,569		24,860		47,683		38,271
Net income	84,948		73,788		100,659		105,210		77,328		158,736		124,375
Preferred stock dividends	4,312		4,313		4,312		4,313		4,312		8,625		8,625
Net income available to common stockholders	$	80,636	$	69,475	$	96,347	$	100,897	$	73,016	$	150,111	$	115,750

Basic earnings per common share	$	1.85	$	1.58	$	2.14	$	2.21	$	1.59	$	3.42	$	2.52
Diluted earnings per common share	$	1.83	$	1.56	$	2.12	$	2.18	$	1.58	$	3.39	$	2.49


TEXAS CAPITAL BANCSHARES, INC.
SUMMARY OF CREDIT LOSS EXPERIENCE
(dollars in thousands)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
	2026			2026			2025			2025			2025
Allowance for credit losses on loans:
Beginning balance	$	270,441		$	270,557		$	274,026		$	277,648		$	278,379

Loans charged-off:
Commercial	9,998			17,489			14,417			13,794			13,020

Commercial real estate	7,098			—			524			—			431

Total charge-offs	17,096			17,489			14,941			13,794			13,451
Recoveries:
Commercial	822			131			4,202			50			486

Commercial real estate	184			—			—			—			—
Consumer	7			—			12			4			—
Total recoveries	1,013			131			4,214			54			486
Net charge-offs	16,083			17,358			10,727			13,740			12,965
Provision for credit losses on loans	13,910			17,242			7,258			10,118			12,234
Ending balance	$	268,268		$	270,441		$	270,557		$	274,026		$	277,648

Allowance for off-balance sheet credit losses:
Beginning balance	$	61,013		$	62,255		$	58,513		$	56,631		$	53,865
Provision for off-balance sheet credit losses	4,090			(1,242)			3,742			1,882			2,766
Ending balance	$	65,103		$	61,013		$	62,255		$	58,513		$	56,631

Total allowance for credit losses	$	333,371		$	331,454		$	332,812		$	332,539		$	334,279
Total provision for credit losses	$	18,000		$	16,000		$	11,000		$	12,000		$	15,000

Allowance for credit losses on loans to total loans held for investment	1.08		%	1.07		%	1.13		%	1.13		%	1.16		%
Allowance for credit losses on loans to average total loans held for investment	1.08		%	1.16		%	1.12		%	1.15		%	1.19		%
Net charge-offs to average total loans held for investment(1)	0.26		%	0.30		%	0.18		%	0.23		%	0.22		%
Net charge-offs to average total loans held for investment for last 12 months(1)	0.24		%	0.23		%	0.20		%	0.21		%	0.18		%
Total provision for credit losses to average total loans held for investment(1)	0.29		%	0.28		%	0.18		%	0.20		%	0.26		%
Total allowance for credit losses to total loans held for investment	1.34		%	1.32		%	1.38		%	1.37		%	1.40		%

(1)Interim period ratios are annualized.


TEXAS CAPITAL BANCSHARES, INC.
NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS
(dollars in thousands)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
	2026			2026			2025			2025			2025
NON-PERFORMING ASSETS
Non-accrual loans held for investment	$	123,981		$	144,947		$	116,880		$	96,084		$	113,609
Non-accrual loans held for sale(1)	—			21,333			4,361			—			—
Other real estate owned	—			—			—			—			—
Total non-performing assets	$	123,981		$	166,280		$	121,241		$	96,084		$	113,609

Non-accrual loans held for investment to total loans held for investment	0.50		%	0.58		%	0.49		%	0.40		%	0.47		%
Total non-performing assets to total assets	0.37		%	0.50		%	0.38		%	0.30		%	0.36		%
Allowance for credit losses on loans to non-accrual loans held for investment	2.2x			1.9x			2.3x			2.9x			2.4x
Total allowance for credit losses to non-accrual loans held for investment	2.7x			2.3x			2.8x			3.5x			2.9x

LOANS PAST DUE

Loans held for investment past due 90 days and still accruing	$	451		$	18,030		$	19,353		$	126		$	2,068
Loans held for investment past due 90 days to total loans held for investment	—		%	0.07		%	0.08		%	—		%	0.01		%
Loans held for sale past due 90 days and still accruing	$	—		$	—		$	—		$	—		$	—

CRITICIZED LOANS
Criticized loans	$	696,326		$	650,615		$	634,919		$	529,732		$	637,462
Criticized loans to total loans held for investment	2.79		%	2.58		%	2.64		%	2.19		%	2.66		%
Special mention loans	$	479,341		$	366,422		$	346,643		$	249,592		$	339,923
Special mention loans to total loans held for investment	1.92		%	1.46		%	1.44		%	1.03		%	1.42		%

(1)First quarter 2026 and fourth quarter 2025 includes non-accrual loans previously reported in loans held for investment that were transferred at fair value to held for sale as of March 31, 2026 and December 31, 2025, respectively.


TEXAS CAPITAL BANCSHARES, INC.
TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1)
(dollars in thousands)
	2nd Quarter 2026						1st Quarter 2026						2nd Quarter 2025						YTD June 30, 2026						YTD June 30, 2025
	Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate		Average Balance		Income/ Expense		Yield/ Rate
Assets
Debt and equity securities(2)	$	4,544,249	$	46,317	4.03	%	$	4,635,471	$	49,598	4.30	%	$	4,573,164	$	45,999	3.93	%	$	4,589,608	$	95,915	4.17	%	$	4,518,822	$	92,564	4.01	%
Interest bearing cash and cash equivalents	2,777,654		25,207		3.64	%	2,419,518		21,484		3.60	%	2,661,037		29,218		4.40	%	2,599,575		46,691		3.62	%	3,454,011		75,792		4.43	%
Loans held for sale(3)	3,080		4		0.54	%	3,096		—		—	%	—		—		—	%	3,088		4		0.27	%	167		2		2.97	%
Loans held for investment, mortgage finance	6,309,596		63,862		4.06	%	5,239,103		51,573		3.99	%	5,327,559		58,707		4.42	%	5,777,306		115,435		4.03	%	4,653,577		97,234		4.21	%
Loans held for investment(3)	18,490,750		305,403		6.62	%	18,172,432		297,352		6.64	%	18,018,626		306,142		6.81	%	18,332,470		602,755		6.63	%	17,774,206		602,233		6.83	%
Less: Allowance for credit losses on loans	271,925		—		—	%	268,422		—		—		278,035		—		—	%	270,183		—		—		275,411		—		—
Loans held for investment, net	24,528,421		369,265		6.04	%	23,143,113		348,925		6.11	%	23,068,150		364,849		6.34	%	23,839,593		718,190		6.08	%	22,152,372		699,467		6.37	%
Total earning assets	31,853,404		440,793		5.54	%	30,201,198		420,007		5.63	%	30,302,351		440,066		5.80	%	31,031,864		860,800		5.58	%	30,125,372		867,825		5.78	%
Cash and other assets	1,190,251						1,173,895						1,117,118						1,182,119						1,137,040
Total assets	$	33,043,655					$	31,375,093					$	31,419,469					$	32,213,983					$	31,262,412

Liabilities and Stockholders’ Equity
Transaction deposits	$	2,762,965	$	16,865	2.45	%	$	2,605,884	$	14,980	2.33	%	$	2,213,037	$	13,731	2.49	%	$	2,684,858	$	31,845	2.39	%	$	2,188,282	$	27,639	2.55	%
Savings deposits	13,902,996		118,592		3.42	%	14,148,034		118,695		3.40	%	13,727,095		134,272		3.92	%	14,024,838		237,287		3.41	%	13,543,190		267,849		3.99	%
Time deposits	3,172,354		31,570		3.99	%	2,020,757		20,229		4.06	%	2,361,525		26,795		4.55	%	2,599,737		51,799		4.02	%	2,345,543		54,246		4.66	%
Total interest bearing deposits	19,838,315		167,027		3.38	%	18,774,675		153,904		3.32	%	18,301,657		174,798		3.83	%	19,309,433		320,931		3.35	%	18,077,015		349,734		3.90	%
Short-term borrowings	378,022		3,552		3.77	%	257,989		2,360		3.71	%	306,176		3,444		4.51	%	318,337		5,912		3.75	%	527,608		11,690		4.47	%
Long-term debt	642,689		8,974		5.60	%	675,780		8,111		4.87	%	649,469		7,930		4.90	%	659,143		17,085		5.23	%	654,927		16,003		4.93	%
Total interest bearing liabilities	20,859,026		179,553		3.45	%	19,708,444		164,375		3.38	%	19,257,302		186,172		3.88	%	20,286,913		343,928		3.42	%	19,259,550		377,427		3.95	%
Non-interest bearing deposits	8,058,149						7,489,751						8,191,402						7,775,520						8,034,196
Other liabilities	442,543						503,038						475,724						472,623						513,728
Stockholders’ equity	3,683,937						3,673,860						3,495,041						3,678,927						3,454,938
Total liabilities and stockholders’ equity	$	33,043,655					$	31,375,093					$	31,419,469					$	32,213,983					$	31,262,412
Net interest income			$	261,240					$	255,632					$	253,894					$	516,872					$	490,398
Net interest margin					3.28	%					3.43	%					3.35	%					3.35	%					3.27	%

(1) Taxable equivalent rates used where applicable.

(2) Yields are calculated using available-for-sale debt securities at amortized cost.

(3) Average balances include non-accrual loans.

GAAP TO NON-GAAP RECONCILIATIONS

The following items are non-GAAP financial measures: adjusted non-interest income, adjusted total revenue, adjusted non-interest expense, adjusted income tax expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings per common share, adjusted return on average assets, adjusted return on average common equity, adjusted efficiency ratio, adjusted non-interest income to average earning assets and adjusted non-interest expense to average earning assets. These are not measures recognized under GAAP and therefore are considered non-GAAP financial measures. The table below provides a reconciliation of these non-GAAP financial measures to the most comparable GAAP measures.

These non-GAAP financial measures are adjusted for certain items, listed below, that management believes are non-operating in nature and not representative of its actual operating performance. Management believes that these non-GAAP financial measures provide meaningful additional information about the Company to assist management and investors in evaluating operating results, financial strength, business performance and capital position. Non-GAAP financial measures have inherent limitations, are not required to be uniformly applied and are not audited. As such, these non-GAAP financial measures should not be considered in isolation or as a substitute for analyses of operating results or capital position as reported under GAAP.


Reconciliation of Non-GAAP Financial Measures
(dollars in thousands except per share data)	2nd Quarter 2026			1st Quarter 2026			4th Quarter 2025			3rd Quarter 2025			2nd Quarter 2025
Net interest income	$	260,377		$	254,719		$	267,437		$	271,771		$	253,395

Non-interest income	75,118			69,266			60,046			68,583			54,069
Available-for-sale debt securities losses, net	—			—			—			—			1,886
Non-interest income, adjusted	75,118			69,266			60,046			68,583			55,955

Total revenue(1)	335,495			323,985			327,483			340,354			307,464
Total revenue, adjusted(1)	335,495			323,985			327,483			340,354			309,350

Non-interest expense	205,493			213,568			184,198			190,575			190,276
FDIC special assessment	—			—			2,242			—			—
Restructuring expenses	(564)			(1,401)			—			—			(1,401)


Debt extinguishment expense	(2,157)			—			—			—			—
Non-interest expense, adjusted	202,772			212,167			186,440			190,575			188,875

Provision for credit losses	18,000			16,000			11,000			12,000			15,000

Income tax expense	27,054			20,629			31,626			32,569			24,860
Tax effect of adjustments	659			339			(526)			—			774
Income tax expense, adjusted	27,713			20,968			31,100			32,569			25,634

Net income(2)	$	84,948		$	73,788		$	100,659		$	105,210		$	77,328
Net income, adjusted(2)	$	87,010		$	74,850		$	98,943		$	105,210		$	79,841

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

Net income to common stockholders(3)	$	80,636		$	69,475		$	96,347		$	100,897		$	73,016
Net income to common stockholders, adjusted(3)	$	82,698		$	70,537		$	94,631		$	100,897		$	75,529

PPNR(4)	$	130,002		$	110,417		$	143,285		$	149,779		$	117,188
PPNR, adjusted(4)	$	132,723		$	111,818		$	141,043		$	149,779		$	120,475

Weighted average common shares outstanding, diluted	44,062,419			44,601,129			45,509,370			46,233,167			46,215,394
Diluted earnings per common share	$	1.83		$	1.56		$	2.12		$	2.18		$	1.58
Diluted earnings per common share, adjusted	$	1.88		$	1.58		$	2.08		$	2.18		$	1.63

Average total assets	$	33,043,655		$	31,375,093		$	32,606,318		$	32,162,709		$	31,419,469
Return on average assets	1.03		%	0.95		%	1.22		%	1.30		%	0.99		%
Return on average assets, adjusted	1.06		%	0.97		%	1.20		%	1.30		%	1.02		%

Average common equity	$	3,383,937		$	3,373,860		$	3,419,967		$	3,324,184		$	3,195,041
Return on average common equity	9.56		%	8.35		%	11.18		%	12.04		%	9.17		%
Return on average common equity, adjusted	9.80		%	8.48		%	10.98		%	12.04		%	9.48		%

Efficiency ratio(5)	61.3		%	65.9		%	56.2		%	56.0		%	61.9		%
Efficiency ratio, adjusted(5)	60.4		%	65.5		%	56.9		%	56.0		%	61.1		%

Average earning assets	$	31,853,404		$	30,201,198		$	31,413,694		$	31,003,701		$	30,302,351
Non-interest income to average earning assets	0.95		%	0.93		%	0.76		%	0.88		%	0.72		%
Non-interest income to average earning assets, adjusted	0.95		%	0.93		%	0.76		%	0.88		%	0.74		%
Non-interest expense to average earning assets	2.59		%	2.87		%	2.33		%	2.44		%	2.52		%
Non-interest expense to average earning assets, adjusted	2.55		%	2.85		%	2.35		%	2.44		%	2.50		%

(1) Net interest income plus non-interest income. On an adjusted basis, net interest income plus non-interest income, adjusted.

(2) Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted, provision for credit losses and income tax expense, adjusted.

(3) Net income, less preferred stock dividends. On an adjusted basis, net income, adjusted, less preferred stock dividends.

(4) Net interest income plus non-interest income, less non-interest expense. On an adjusted basis, net interest income plus non-interest income, adjusted, less non-interest expense, adjusted.

(5) Non-interest expense divided by the sum of net interest income and non-interest income. On an adjusted basis, non-interest expense, adjusted, divided by the sum of net interest income and non-interest income, adjusted.

EX-99.2 3 a2q2026_earningsxpresent.htm EX-99.2 a2q2026_earningsxpresent

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 Q2 2026 Highlights (Compared to Q2 20251) GAAP $80.6 +$7.6 or +10% Adjusted2 $82.7 +$7.2 or +9% GAAP $130.0 +$12.8 or +11% Adjusted2 $132.7 +$12.2 or +10% Investment Banking, Private Wealth, and Treasury Product Fees5 $60.5 +$13.2 or +28% Book Value per Share $77.01 +$6.84 or 10% Tangible Book Value per Share6 $76.98 +$6.84 or 10% Credit Quality Balance Sheet & Capital Financial Results 3.28% -7bps ◼ Adjusted earnings per share2 grew $0.25 or 15% YoY to $1.88 ◼ Sustained operating leverage with adjusted PPNR2, 3 increasing $12.2mm or 10% YoY ◼ Fee income from areas of focus increased $13.2mm or 28% YoY to $60.5mm, driven by record fee income across investment banking and trading, treasury product fees5, and wealth fees ◼ Commercial loan balances increased $507mm or 4% QoQ and $1.2bn or 10% YoY ◼ Average non-interest bearing deposits, excluding mortgage finance increased $254mm or 8% QoQ and $183mm or 5% YoY ◼ Tangible book value per share6 grew 10% YoY to $76.98, an all-time high for the Firm ◼ Total ACL as a percentage of LHI of 1.34% and 1.78% when excluding mortgage finance ◼ Quarterly net charge-offs totaled $16.1mm or 26bps of average LHI ◼ Total non-performing assets as a percentage of total assets declined 13bps QoQ to 0.37% while migration trends continued as expected Net Income to Common ($mm) Net Interest Margin Capital Fee Income From Areas of Focus ($mm) Book Value per Share Common Equity / Total Assets 9.87% -18bps Tangible Common Equity / Tangible Assets4 9.87% -17bps PPNR3 ($mm) $1.83 +$0.25 or 16% 1.03% +4bps 9.6% +39bps 61.3% -64bps $1.88 +$0.25 or 15% 1.06% +4bps 9.8% +32bps 60.4% -62bps EPS ROAA ROACE Efficiency Ratio8 Q2 2026 Key Metrics GAAP Adjusted2 9.6% +39bps 9.8% +32bps ROATCE7 Record high in the history of the Firm

4 YTD 20262025 Non-GAAP2 Adjustments ($mm) 144.4 227.1 Non-Interest Income 0.01.9Loss on AFS Securities Sale 144.4229.0 Non-Interest Income, Adj. 419.1 768.1 Non-Interest Expense (2.2)0.0Debt Extinguishment Expense 0.02.2FDIC Special Assessment (2.0)(1.4)Restructuring Expenses 414.9768.9 Non-Interest Expense, Adj. Financial Performance // Income Statement Adjusted (Non-GAAP2) Adjusted (Non-GAAP2) Financial Highlights ($mm) Q2 2026Q1 2026Q2 2025Q2 2026Q1 2026Q2 2025YTD 20262025YTD 20262025 $260.4 $254.7 $253.4 $260.4 $254.7 $253.4 $515.1 1,028.6 $515.1 1,028.6 Net Interest Income 75.1 69.3 56.0 75.1 69.3 54.1 144.4 229.0 144.4 227.1 Non-Interest Revenue 335.5 324.0 309.4 335.5 324.0 307.5 659.5 1,257.7 659.5 1,255.8 Total Revenue 202.8 212.2 188.9 205.5 213.6 190.3 414.9 768.9 419.1 768.1 Non-Interest Expense 132.7 111.8 120.5 130.0 110.4 117.2 244.5 488.8 240.4 487.7 PPNR3 18.0 16.0 15.0 18.0 16.0 15.0 34.0 55.0 34.0 55.0 Provision for Credit Losses 27.7 21.0 25.6 27.1 20.6 24.9 48.7 102.7 47.7 102.5 Income Tax Expense 87.0 74.8 79.8 84.9 73.8 77.3 161.9 331.0 158.7 330.2 Net Income 4.3 4.3 4.3 4.3 4.3 4.3 8.6 17.3 8.6 17.3 Preferred Stock Dividends 82.7 70.5 75.5 80.6 69.5 73.0 153.2 313.8 150.1 313.0 Net Income to Common Q2 2026Q1 2026Q2 2025Q2 2026Q1 2026Q2 2025YTD 20262025YTD 20262025Performance Metrics 1.06% 0.97% 1.02% 1.03% 0.95% 0.99% 1.01% 1.04% 0.99% 1.04% Return on Average Assets 1.61% 1.45% 1.54% 1.58% 1.43% 1.50% 1.53% 1.54% 1.51% 1.53% PPNR3 / Average Assets 60.4% 65.5% 61.1% 61.3% 65.9% 61.9% 62.9% 61.1% 63.5% 61.2% Efficiency Ratio8 9.8% 8.5% 9.5% 9.6% 8.4% 9.2% 9.2% 9.6% 9.0% 9.6% Return on Average Common Equity $1.88 $1.58 $1.63 $1.83 $1.56 $1.58 $3.46 $6.80 $3.39 $6.79 Earnings Per Share Q2 2026Q1 2026Q2 2025 Non-GAAP2 Adjustments ($mm) 75.169.354.1Non-Interest Income 0.00.01.9Loss on AFS Securities Sale 75.169.356.0Non-Interest Income, Adj. 205.5213.6190.3Non-Interest Expense (2.2)0.00.0Debt Extinguishment Expense 0.00.00.0FDIC Special Assessment (0.6)(1.4)(1.4)Restructuring Expenses 202.8212.2188.9Non-Interest Expense, Adj.

5 Balance Sheet Highlights ($mm) Ending Balances YoYQoQQ2 2026Q1 2026Q2 2025 Assets 37% 25% 3,698 2,957 2,690 Cash and Equivalents (1%)(2%)4,565 4,673 4,609 Debt & Equity Securities 10% 4% 13,006 12,499 11,847 Commercial Loans (9%)(3%)5,128 5,287 5,648 CRE Loans (21%)(1%)429 431 540 Consumer Loans 8% (8%)6,383 6,962 5,890 Mortgage Finance Loans 4% (1%)24,947 25,180 23,926 Total LHI (3%)(1%)(268)(270)(278)Allowance for Credit Losses on Loans 6% 1% 33,913 33,486 31,944 Total Assets Financial Performance // Quarterly Balance Sheet Highlights Q2 2026Q1 2026Q2 2025Performance Metrics 24% 23% 23% Cash & Securities % of Assets 52% 50% 50% Commercial Loans % of Total LHI (333)(331)(334)Total Allowance for Credit Losses ($mm) 1.34% 1.32% 1.40% Total ACL / Total LHI YoYQoQQ2 2026Q1 2026Q2 2025 Liabilities (2%)(1%)7,574 7,635 7,718 Non-Interest Bearing Deposits 16% 2% 21,338 20,882 18,346 Interest Bearing Deposits 11% 1% 28,911 28,517 26,064 Total Deposits (72%)NM350 0 1,250 Short-Term Borrowings 6% 1% 30,266 29,880 28,433 Total Liabilities Equity 4% 2% 3,447 3,393 3,323 Common Equity, Excl. AOCI (12%)14% (99)(87)(113)AOCI 4% 1% 3,648 3,606 3,510 Total Shareholder’s Equity (5%)(0%)43,470,167 43,671,305 45,746,836 Common Shares Outstanding Q2 2026Q1 2026Q2 2025 86% 88% 92% Total LHI % of Deposits 26% 27% 30% Non-Interest Bearing % of Deposits $77.01 $75.71 $70.17 Book Value Per Share $76.98 $75.67 $70.14 Tangible Book Value Per Share6 $0.20----Common Stock Dividend Per Share9

6 $5.2 $5.4 $4.0 $5.3 $5.5 $5.9 $5.2 $6.3 4% 15% 29% 54% 59% 67% 69% $5.5 $5.2 $4.7 $5.9 $6.1 $6.1 $7.0 $6.4 $5.6 $5.7 $5.4 $5.3 $5.1 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $11.8 $11.9 $12.2 $12.5 $13.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 ◼ Total LHI increased $1.0bn or 4% YoY to $24.9bn, supported by continued commercial loan growth and higher mortgage finance balances ◼ Ending period commercial loans increased $507mm or 4% QoQ and $1.2bn or 10% YoY to $13.0bn ◼ Growth driven by continued success winning new client relationships; C&I commitments up $2.5bn or 13% YoY ◼ Commercial real estate loans declined modestly to $5.1bn, down $159mm or 3% QoQ ◼ Anticipated payoff activity remains elevated and full year average CRE loans expected to decline 12% ◼ Average mortgage finance loans increased 20% QoQ to $6.3bn as expected in the seasonally strong Q2 ◼ Enhanced credit structures represented 69% of period end balances, compared to 29% in Q2 last year, resulting in a current blended risk weighting of 54% on mortgage finance loans ◼ Credits in the enhanced structures at quarter end carry a blended 33% risk weight Loan Portfolio Composition Mortgage Finance Loans ($bn) Commercial Loans ($bn) Commercial Real Estate Loans ($bn) Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Average Period End Enhanced Credit Structures % of Total Period End

7 2.65% 2.62% 2.41% 2.38% 2.40% 2.41% 2.36% 2.18% 2.16% 2.21% 3.83% 3.76% 3.47% 3.32% 3.38% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $3.4 $3.4 $3.5 $3.3 $3.5 $3.6 $4.8 $4.9 $5.0 $4.2 $4.5 $4.0 $18.0 $19.0 $19.1 $18.4 $18.0 $17.9 $0.3 $0.0 $0.0 $0.4 $1.9 $3.4 $26.5 $27.4 $27.6 $26.3 $27.9 $28.9 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q2 2026 Q2 2026 EOP Deposit and Funding Composition ◼ Period end total deposit balances increased $2.8bn or 11% YoY ◼ Average non-interest bearing deposits, excl. MF10 deposits increased $254mm or 8% QoQ and $183mm or 5% YoY ◼ Ending non-interest bearing deposits, excl. MF10 increased for the third consecutive quarter, growing $238mm QoQ, now up $546mm or 18% since Q3 2025 ◼ Average MF10 non-interest bearing deposits declined $316mm YoY to $4.5bn, representing 71% of average mortgage finance loans in Q2 2026 compared to 91% in Q2 2025 ◼ The majority of MF10 non-interest bearing deposits are compensated through relationship pricing which results in application of an interest credit to either the client’s mortgage finance or commercial loan yield ◼ Average cost of interest bearing deposits increased by 6bps to 3.38% ◼ Cumulative beta of 72% since the beginning of the easing cycle Average Deposit Trends ($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. MF10 MF10 Non-Interest Bearing Interest Bearing Interest Bearing Brokered YoY Change Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 ($0.3)$4.5 $4.2 $5.0 $4.9 $4.8 Average MF10 Non-Interest Bearing Deposits ($bn) $1.0 $6.3 $5.2 $5.9 $5.5 $5.3 Average MF10 Loans ($bn) (19%)71% 80% 85% 90% 91% MF10 Self Funding Ratio

8 (11.3%) (10.8%) (5.6%) (5.8%) 2.8% 2.6% 5.5% 5.1% (10.0%) (8.0%) (6.0%) (4.0%) (2.0%) 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Q1 2026 Q2 2026 -200bps Shock -100bps Shock +100bps Shock +200bps Shock Net Interest Income Sensitivity Standard Model Assumptions11 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: ~65% ◼ Investment Portfolio: Ratio held constant Net Interest Income Sensitivity – Static Balance Sheet ($mm) $1,050mm$1,062mm Base NII12 Q2 2026Q1 2026 Yield Balance ($mm) Yield Balance ($mm) 3.64% $2,778 3.60% $2,420 Interest Bearing Cash and Equivalents 4.03% 4,544 4.30% 4,635 Debt & Equity Securities 0.54% 3 0.00% 3 Loans Held for Sale 6.62% 18,491 6.64% 18,172 LHI Excl. Mortgage Finance LHI 4.06% 6,310 3.99% 5,239 Mortgage Finance LHI --(272)--(268)ACL on Loans 5.54% $31,853 5.63% $30,201 Earning Assets ◼ 96% 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 $400mm of two year receive-fixed swaps with a weighted average receive rate of 3.87% against 1-month SOFR during the quarter ◼ Effective June 1st Impacts of Mortgage Finance ◼ Mortgage finance LHI represents 25% of the average total LHI portfolio with the majority tied to 1-month SOFR ◼ The average SOFR rate for the quarter declined by 3bps compared to last quarter ◼ Given the current outlook and observed seasonality, the average mortgage finance self funding ratio is expected to be between 70-75% 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 $59 $30 ($59) ($120) $53 $27 ($60) ($113) Receive Rate Average Notional Balance ($bn) 3.49% 2.3 Q2 2026 3.53% 2.6 Q3 2026 3.53% 2.6 Q4 2026 3.53% 2.6 Q1 2027 3.53% 2.6 Q2 2027 3.50% 2.4 Q3 2027 3.48% 1.9 Q4 2027 Cash Flow Hedging Profile Earning Assets Profile (Average)

9 $118.8 $119.9 $108.9 $137.9 $122.8 $70.1 $70.7 $77.6 $74.2 $80.0 $1.4 ($2.2) $1.4 $2.7 $190.3 $190.6 $184.2 $213.6 $205.5 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $253.4 $271.8 $267.4 $254.7 $260.4 $54.1 $68.6 $60.0 $69.3 $75.1 $1.9 $307.5 $340.4 $327.5 $324.0 $335.5 3.35% 3.47% 3.38% 3.43% 3.28% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 $254.7 $4.8 $2.2 $10.7 $1.6 $1.1 $0.4 ($8.8) ($4.3) ($2.0) $260.4 Q1 2026 Loans Excl MF Volume Loans Excl MF Yield MF Loan Volume MF Yield Loan Fees Investment Securities & Cash Interest Bearing Deposits Volume Interest Bearing Deposit Cost Borrowings Q2 2026 62% 63% 59% 64% Q2-2026 Earnings Overview Net Interest Income ($mm) Total Revenue ($mm) Non-Interest Expense ($mm) 60% 10 10 10 10 39% 37% 42% Salaries & Benefits Other NIE Non-Recurring Items2Net Interest Income Non-Recurring Items2 37% 35% 1% 1% Non-Interest Income Net Interest Margin ◼ Net interest income increased $5.7mm QoQ supported by continued LHI growth, partially offset by increased funding volume and costs ◼ Non-interest income increased $21.0mm or 39% YoY to $75.1mm compared to non-interest income in Q2 2025 ◼ Quarterly adjusted non-interest expense2 increased $13.9mm YoY to $202.8mm, reflecting sustained investments in client facing capabilities, and temporary increases in legal and professional fees (1%) 1%

10 $54.1 $68.6 $60.0 $69.3 $75.1 $56.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 57% Investment Banking & Trading 7% Wealth 17% Treasury5 19% Other ◼ Non-interest income increased $21.0mm or 39% YoY to $75.1mm, representing 22% of total revenue compared to 18% in Q2 2025 ◼ Fee income from areas of focus reached a record $60.5mm, as strengthened client partnerships continue translating into broad engagement across the Firm ◼ Record investment banking and trading income of $42.8mm, with increased granularity across the entire platform ◼ Record treasury product fees5 of $12.5mm, as clients continue to ramp volumes and increase product use ◼ Record wealth management fees of $5.1mm, driven by client growth and an expanded solution set Non-Interest Income YoY Growth Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025 15%$4.8 $4.4 $4.2 $4.2 $4.1 Assets Under Management13 ($bn) 38%$5.1 $4.4 $4.2 $4.0 $3.7 Wealth Management & Trust Fee Income ($mm) 8%$12.5 $12.1 $11.1 $11.1 $11.6 Treasury Product Fees5 ($mm) 34%$42.8 $42.3 $36.0 $41.2 $32.0 Investment Banking & Trading Income ($mm) 28%$60.5 $58.8 $51.3 $56.3 $47.3 Income from Areas of Focus ($mm) Non-Interest Income ($mm) % of Total Revenue, Adj.2 18% 20% 18% 21% 22% Non-Interest Income Non-Interest Income, Adj.2 Non-Interest Income Composition Q2 2026

11 92% 91% 84% 70% 82% 8% 9% 16% 30% 18% $297.5 $280.1 $288.3 $284.2 $217.0 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 0.36% 0.30% 0.38% 0.50% 0.37% 0.22% 0.23% 0.18% 0.30% 0.26% 2.66% 2.19% 2.64% 2.58% 2.79% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 2.9x 2.3x 2.7x 1.40% 1.32% 1.34% 1.79% 1.81% 1.78% Q2 2025 Q1 2026 Q2 2026 Asset Quality Trends Allowance for Credit Loss Reserve Ratios Asset Quality Ratios Special Mention Composition ($mm) Substandard Composition ($mm) $16.1 $17.4 $10.7 $13.7 $13.0 Net Charge-Offs ($mm) Total ACL / Non- accrual Loans HFI ◼ Total ACL of $333.4mm ◼ Total ACL, excl. MF10 increased $1.3mm QoQ to $330.2mm ◼ Total ACL, excl. MF10 to LHI, excl. MF10 is in the top decile among Peers14 Total ACL to LHI ratio ◼ $16.1mm of quarterly net charge-offs, 0.26% of average LHI, primarily related to previously identified problem credits ◼ Quarterly provision expense as a percentage of average LHI of 29bps ◼ Quarterly provision expense as a percentage of average LHI excl. MF10 of 39bps ◼ Non-performing assets declined $42mm or 25% QoQ to $124mm, representing 37bps of total assets, a 13bps decline linked quarter ◼ Total criticized LHI increased $59mm or 9% YoY, with the percentage to total LHI increasing 13bps to 2.79% ◼ Criticized loans increased $46mm or 7% linked quarter Commercial Mortgage Finance Real Estate ConsumerCommercial Mortgage Finance Real Estate Consumer Total ACL / LHI Total ACL, Excl. MF10 / LHI Excl. MF10 Q2 2025 Q1 2026 Q2 2026 Criticized / LHI NPAs / Total Assets NCOs / Avg. LHI 64% 51% 40% 29% 50% 34% 48% 60% 71% 50% 2% 1% $339.9 $249.6 $346.6 $366.4 $479.3 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026

12 11.45% 12.14% 12.13% 11.99% 12.07% >11.00% 1.41% 1.46% 1.47% 1.45% 1.44% 2.44% 2.50% 2.52% 2.49% 1.17% 15.30% 16.10% 16.12% 15.93% 14.68% Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 2026 Guidance 70.14 73.02 75.25 75.67 76.98 70.17 73.05 75.28 75.71 77.01 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 10.04 10.25 10.56 9.87 9.8710.05 10.26 10.56 9.87 9.87 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Tangible Common Equity / Tangible Assets4 Common Equity / Total Assets 2026 Guidance Capital Position and Trends ◼ Regulatory capital ratios remain strong ◼ Total capital ratio of 14.68% and CET1 ratio of 12.07% ◼ Utilized senior notes proceeds from the Q1 issuance to redeem $375mm of holding company subordinated notes ◼ 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 common equity to tangible assets4 in top quartile of peer group14 ◼ Tangible book value per share6 expanded $6.84 or 10% YoY as a result of income generated and repurchase activity, offset by a slight decline in AOCI ◼ TBVPS6 of $76.98 is an all-time high for the Firm ◼ Repurchased 239 thousand shares in Q2 2026 for a total of $24mm at a weighted average price of approximately 128% of prior month tangible book value per share6 ◼ $102mm remaining on the 2026 authorization at the end of Q2 ◼ Quarterly common stock cash dividend of $0.20 declared and payable in Q3 Regulatory Capital Levels Tangible Common Equity / Tangible Assets4 (%) Period End AOCI ($mm) (99)(87)(65)(84)(113) AOCI per Share ($) (2.27)(1.99)(1.46)(1.84)(2.47) Peer14 Tangible Common Equity / Tangible Assets4 (%) 8.638.738.558.46 CET1 Tier 1 Capital Tier 2 Capital Tangible Book Value per Share6 Book Value per Share Tangible Book Value per Share6 ($)

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 curve15 assumes 25bps hike in December with an exit rate of 4.00% at year end 2026 ◼ Tax rate expected to be approximately 25% for the full year in 2026 Guidance Commentary

14 1. Comparisons vs. Q2 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 $3.4mm, $3.0mm, $2.6mm, $2.9mm, and $3.7mm for Q2 2025, Q3 2025, Q4 2025, Q1 2026, and Q2 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. Common stock cash dividend initiated and declared on April 23, 2026 and paid on June 15, 2026 10. “MF” used as abbreviation for Mortgage Finance 11. Model assumptions are only for Q2 2026; See prior TCBI Earnings Materials for prior model assumptions 12. Baseline scenarios hold constant balances, market rates, and assumptions as of period end reporting 13. Assets Under Management includes non-discretionary brokerage assets that the Firm earns wealth management and trust fee income on 14. 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 Q1 2026 15. Forward curve as of June 1, 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 ChangeQ2 2026Q2 2025 Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported ($mm, unless noted otherwise) $7.2 $7.6 $82.7 $80.6 $75.5 $73.0 Net Income to Common $188.9 $188.9 $3,383.9 $3,383.9 $3,195.0 $3,195.0 Average Common Equity 0.0 0.0 1.5 1.5 1.5 1.5 Less: Average Goodwill & Intangibles $188.9 $188.9 $3,382.4 $3,382.4 $3,193.5 $3,193.5 Average Tangible Common Equity 0.3%0.4%9.8%9.6%9.5%9.2%ROACE 0.3%0.4%9.8%9.6%9.5%9.2%ROATCE

16 Non-GAAP Reconciliation // Adjusted Earnings & Ratios YTD 2026 FY 2025 YoY Change Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 ($mm, except per share) $515.1 $1,028.6 $7.0 $260.4 $254.7 $267.4 $271.8 $253.4 Net Interest Income 144.4 227.1 21.0 75.1 69.3 60.0 68.6 54.1 Non-Interest Revenue Adjustments for Non-Recurring Items: -1.9 (1.9)----1.9 Loss on AFS Debt Securities Sale 144.4 229.0 19.2 75.1 69.3 60.0 68.6 56.0 Non-Interest Revenue, Adjusted 659.5 1,255.8 28.0 335.5 324.0 327.5 340.4 307.5 Total Revenue1 659.5 1,257.7 26.1 335.5 324.0 327.5 340.4 309.4 Total Revenue, Adjusted1 419.1 768.1 15.2 205.5 213.6 184.2 190.6 190.3 Non-Interest Expense Adjustments: (2.2)-(2.2)(2.2)----Debt Extinguishment Expense -2.2 ---2.2 --FDIC Special Assessment (2.0)(1.4)0.8 (0.6)(1.4)--(1.4)Restructuring Expense 414.9 768.9 13.9 202.8 212.2 186.4 190.6 188.9 Non-Interest Expense, Adjusted 240.4 487.7 12.8 130.0 110.4 143.3 149.8 117.2 PPNR2 244.5 488.8 12.2 132.7 111.8 141.0 149.8 120.5 PPNR, Adjusted2 34.0 55.0 3.0 18.0 16.0 11.0 12.0 15.0 Provision for Credit Losses 47.7 102.5 2.2 27.1 20.6 31.6 32.6 24.9 Income Tax Expenses 1.0 0.2 (0.1)0.7 0.3 (0.5)-0.8 Tax Impact of Adjustments Above 48.7 102.7 2.1 27.7 21.0 31.1 32.6 25.6 Income Tax Expenses, Adjusted 158.7 330.2 7.6 84.9 73.8 100.7 105.2 77.3 Net Income3 161.9 331.0 7.2 87.0 74.8 98.9 105.2 79.8 Net Income, Adjusted3 8.6 17.3 -4.3 4.3 4.3 4.3 4.3 Preferred Stock Dividends 150.1 313.0 7.6 80.6 69.5 96.3 100.9 73.0 Net Income to Common4 153.2 313.8 7.2 82.7 70.5 94.6 100.9 75.5 Net Income to Common, Adjusted4 $32,214.0 $31,828.1 $1,624.2 $33,043.7 $31,375.1 $32,606.3 $32,162.7 $31,419.5 Average Assets 0.99% 1.04% 0.04% 1.03% 0.95% 1.22% 1.30% 0.99% Return on Average Assets 1.01% 1.04% 0.04% 1.06% 0.97% 1.20% 1.30% 1.02% Return on Average Assets, Adjusted 1.51% 1.53% 0.08% 1.58% 1.43% 1.74% 1.85% 1.50% PPNR2 / Average Assets 1.53% 1.54% 0.07% 1.61% 1.45% 1.72% 1.85% 1.54% PPNR, Adjusted2 / Average Assets $3,378.9 $3,264.4 $188.9 $3,383.9 $3,373.9 $3,420.0 $3,324.2 $3,195.0 Average Common Equity 8.96% 9.59% 0.39% 9.56% 8.35% 11.18% 12.04% 9.17% Return on Average Common Equity 9.15% 9.61% 0.32% 9.80% 8.48% 10.98% 12.04% 9.48% Return on Average Common Equity, Adjusted 44,311,469 46,127,375 (2,152,975)44,062,419 44,601,129 45,509,370 46,233,167 46,215,394 Diluted Common Shares $3.39 $6.79 $0.25 $1.83 $1.56 $2.12 $2.18 $1.58 Earnings per Share $3.46 $6.80 $0.25 $1.88 $1.58 $2.08 $2.18 $1.63 Earnings per Share, Adjusted 63.5% 61.2% (0.64%)61.3% 65.9% 56.2%56.0%61.9%Efficiency Ratio5 62.9% 61.1% (0.62%)60.4% 65.5% 56.9%56.0%61.1%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