Financial Performance - For Q3 2025, the company reported net income of $105.2 million, a significant increase from a net loss of $61.3 million in Q3 2024, resulting in earnings per share of $2.18 compared to a loss of $1.41 per share in the prior year [71]. - For the nine months ended September 30, 2025, net income was $229.6 million, up from $6.5 million in the same period of 2024, with earnings per share increasing to $4.67 from a loss of $0.14 [72]. - The company's return on average assets (ROA) for Q3 2025 was 1.30%, compared to (0.78)% in Q3 2024, and return on average common equity (ROE) was 12.04%, up from (8.87)% [71]. - Non-interest income for the nine months ended September 30, 2025, was $167.1 million, a $190.1 million increase compared to the same period in 2024 [91]. Income and Expenses - Net interest income for Q3 2025 was $271.8 million, up from $240.1 million in Q3 2024, while non-interest income improved to $68.6 million from a loss of $114.8 million [70]. - Non-interest expense decreased by $4.7 million to $190.6 million for the three months ended September 30, 2025, compared to the same period in 2024, primarily due to decreases in salaries and benefits, occupancy expense, and marketing expense [92]. - The efficiency ratio improved to 56.0% in Q3 2025 from 155.8% in Q3 2024, reflecting better cost management [70]. Asset and Liability Management - Total assets as of September 30, 2025, were $32.2 billion, up from $31.2 billion a year earlier, showing growth in the company's balance sheet [74]. - The company’s total interest-bearing liabilities increased to $19.7 billion in Q3 2025 from $18.0 billion in Q3 2024, reflecting changes in funding strategies [74]. - Average interest bearing liabilities increased by $2.0 billion for the nine months ended September 30, 2025, primarily due to a $2.7 billion increase in average interest bearing deposits [87]. - Customer deposits increased to $26.7 billion as of September 30, 2025, compared to $24.7 billion at December 31, 2024, with customer deposits making up 97.2% of total deposits [107]. Credit Quality - Provision for credit losses for Q3 2025 was $12.0 million, compared to $10.0 million in Q3 2024, indicating a cautious approach to potential credit risks [70]. - The provision for credit losses for the nine months ended September 30, 2025, was $44.0 million, down from $49.0 million for the same period in 2024, reflecting a decrease in criticized loans [102]. - Non-accrual loans held for investment decreased to $96.1 million as of September 30, 2025, from $111.2 million at December 31, 2024, representing a decline in the non-accrual loans to total loans held for investment ratio to 0.40% [100]. - The allowance for credit losses on loans to total loans held for investment decreased to 1.13% as of September 30, 2025, from 1.23% in the prior year [103]. Interest Rate Sensitivity - The Company’s interest rate sensitivity indicates that a hypothetical increase of 200 basis points could lead to a 7.7% increase in net interest income by September 30, 2025, compared to a 6.1% increase by September 30, 2024 [129]. - A hypothetical increase of 100 basis points is projected to result in a 4.0% increase in net interest income by September 30, 2025, versus a 3.1% increase by September 30, 2024 [129]. - A decrease of 100 basis points is expected to result in a decline of 6.4% in net interest income by September 30, 2025, compared to a decline of 6.5% by September 30, 2024 [129]. - A decrease of 200 basis points could lead to a 12.5% decline in net interest income by September 30, 2025, versus a 13.5% decline by September 30, 2024 [129]. Capital Management - The Company has long-term debt of $620.4 million as of September 30, 2025, with maturities ranging from January 2026 to December 2036 [110]. - Average equity capital for the nine months ended September 30, 2025, was $3.5 billion, up from $3.2 billion for the same period in 2024 [113]. - A new share repurchase program was authorized for up to $200.0 million, with $59.2 million spent to repurchase 801,053 shares at an average price of $73.44 per share during the nine months ended September 30, 2025 [114]. - The Company may consider raising additional capital through public or private offerings of debt or equity securities to meet long-term funding needs [110]. Risk Management - The Company utilizes derivative transactions to manage various risks, including interest rate and foreign currency fluctuations [130]. - Derivative contracts are designated as fair value hedges, cash flow hedges, or customer-related transactions depending on their purpose [131]. - The Company enters into interest rate and foreign exchange derivative contracts to support customer business requirements [132]. - The assumptions used in the interest rate risk exposure model are inherently uncertain, leading to potential discrepancies between simulated and actual results [129].

Core Insights - Texas Capital (TCBI) reported revenue of $340.35 million for Q3 2025, marking an 11.6% year-over-year increase and exceeding the Zacks Consensus Estimate of $325.46 million by 4.58% [1] - The company's EPS for the same quarter was $2.18, up from $1.62 a year ago, representing a surprise of 23.16% compared to the consensus estimate of $1.77 [1] Financial Performance Metrics - Efficiency Ratio was reported at 56%, better than the estimated 60.2% [4] - Net Interest Margin stood at 3.5%, slightly above the estimated 3.4% [4] - Net charge-offs to average total loans held for investment remained stable at 0.2%, matching the estimate [4] - Average Balance of Total Earning Assets was $31 billion, exceeding the average estimate of $30.82 billion [4] - Total Non-Performing Assets were reported at $96.08 million, lower than the estimated $118.01 million [4] - Non-Accrual Loans held for investment were also at $96.08 million, compared to the estimate of $118.01 million [4] - Net Interest Income was $271.77 million, surpassing the average estimate of $261.14 million [4] - Total Non-Interest Income reached $68.58 million, exceeding the estimate of $64.31 million [4] - Net Interest Income (FTE) was reported at $272.28 million, above the estimate of $261.7 million [4] - Service Charges on Deposit Accounts were $8.11 million, slightly below the estimate of $8.57 million [4] - Other Non-Interest Income was $12.84 million, higher than the estimate of $10.07 million [4] - Wealth Management and Trust Fee Income was reported at $3.99 million, above the estimate of $3.82 million [4] Stock Performance - Texas Capital's shares have returned -4.7% over the past month, contrasting with the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Texas Capital (TCBI) reported quarterly earnings of $2.18 per share, exceeding the Zacks Consensus Estimate of $1.77 per share, and up from $1.62 per share a year ago, representing an earnings surprise of +23.16% [1] - The company posted revenues of $340.35 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 4.58%, compared to year-ago revenues of $304.91 million [2] - Texas Capital shares have increased approximately 4.5% year-to-date, while the S&P 500 has gained 14.5% [3] Earnings Performance - Over the last four quarters, Texas Capital has surpassed consensus EPS estimates three times [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, including current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the coming quarter is $1.82 on revenues of $333.19 million, and $6.18 on $1.25 billion in revenues for the current fiscal year [7] Industry Context - The Zacks Industry Rank indicates that the Banks - Southwest industry is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Financial Data and Key Metrics Changes - The company achieved a record net income to common of $101 million, representing a 36% increase compared to the adjusted net income from Q3 of the previous year [17] - Earnings per share reached a record of $2.18, marking a 37% increase year-over-year [17] - Total revenue increased by $35.4 million, or 12% year-over-year, supported by a 13% growth in net interest income and a 6% growth in fee-based revenue [16][22] - The return on average assets was reported at 1.3%, exceeding the target of 1.1% [6] Business Line Data and Key Metrics Changes - The Treasury Solutions platform saw a 91% increase in product fees over the past four years, indicating strong growth in this area [10] - Average commercial loan balances increased by 3%, or $317 million, during the quarter, with total commitments excluding mortgage finance up $577 million, or 8.2% annualized [18] - The firm is now a top-five Texas-based originator of SBA loans, reflecting its commitment to serving small businesses [11] Market Data and Key Metrics Changes - The company reported a 22% year-over-year increase in client interest-bearing deposits, excluding multi-year contraction index deposits, which rose by $3.3 billion [19] - The allowance for credit loss finished the quarter at $333 million, or 1.79% of loans held for investment, which is the highest level relative to criticized loans since 2014 [24] Company Strategy and Development Direction - The company is focused on transforming into a full-service financial services firm, aiming to bank the best clients in its markets [5] - The strategic plan includes a disciplined capital allocation process aimed at driving long-term shareholder value and enhancing franchise value [12] - The firm is committed to maintaining a strong capital position, with tangible common equity to tangible assets at an all-time high of 10.25% [8] Management's Comments on Operating Environment and Future Outlook - Management expressed a conservative view on the economic environment, emphasizing the importance of client selection as a risk mitigant [67] - The company reaffirmed its revenue guidance of low double-digit percentage growth for the full year, despite anticipated rate cuts [26][27] - Management highlighted the importance of maintaining a competitive advantage through strong capital levels and a diversified earnings platform [58] Other Important Information - The company repurchased 12% of its shares outstanding at a weighted average price of $59 per share, reflecting a disciplined approach to capital management [12] - The firm has made significant investments in its platform, resulting in improved operational efficiencies and a higher quality operating model [9] Q&A Session Summary Question: Loan growth and future outlook - Management noted that while loan growth may have slowed, commitments increased by 11% quarter-over-quarter, indicating potential for better performance in the fourth quarter [30][31] Question: Investment banking and fee outlook - The firm reported a record investment banking quarter and narrowed its full-year fee income guidance to $230 to $235 million, with expectations for fourth-quarter non-interest income of $60 to $65 million [36] Question: NII growth amid rate cuts - Management indicated that net interest income is expected to be between $255 to $260 million for Q4, despite anticipated rate cuts, due to effective management of deposit pricing [41] Question: Credit transformation since 2021 - Management highlighted a significant reduction in criticized loans, down 41% year-over-year, and emphasized a conservative approach to risk management [45][48] Question: Capital deployment opportunities - Management discussed a disciplined capital menu, focusing on organic growth and platform investments, while remaining open to M&A opportunities in the future [54][60]

Financial Data and Key Metrics Changes - The company achieved a record net income to common of $101 million, representing a 36% increase compared to adjusted net income in Q3 of the previous year [17][9] - Earnings per share reached a record of $2.18, marking a 37% increase year-over-year [17][9] - The return on average assets was reported at 1.3%, exceeding the target of 1.1% [6][9] - Total revenue increased by $35.4 million, or 12% year-over-year, driven by a 13% growth in net interest income [16][9] Business Line Data and Key Metrics Changes - The Treasury Solutions platform saw a 91% increase in product fees over the past four years, contributing to the overall revenue growth [10][12] - Average commercial loan balances increased by 3%, or $317 million, during the quarter, with total commitments excluding mortgage finance up $577 million, or 8.2% annualized [18][19] - The firm reported record pre-provision net revenue of $150 million, a 30% increase year-over-year [16][9] Market Data and Key Metrics Changes - The company’s tangible common equity to tangible assets ratio reached an all-time high of 10.25% [8][9] - The allowance for credit loss finished the quarter at $333 million, or 1.79% of loans held for investment, the highest level relative to criticized loans since 2014 [24][9] - Criticized loans decreased by $368 million, or 41% year-over-year, indicating improved credit quality [24][49] Company Strategy and Development Direction - The company is focused on transforming into a full-service financial services firm, aiming to bank the best clients in its markets [5][9] - A disciplined capital allocation process is in place, prioritizing franchise-accretive client segments and driving long-term shareholder value [12][9] - The firm is committed to maintaining a strong capital position while expanding its product offerings and client base [26][9] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook regarding the economic environment, emphasizing the importance of proactive credit risk management [68][49] - The company reaffirmed its revenue guidance of low double-digit percent growth for the full year, despite anticipated rate cuts [27][26] - Management highlighted the ongoing demand for new clients and the potential for revenue and cost synergies from the transformation [96][97] Other Important Information - The company repurchased 12% of its shares outstanding at a weighted average price of $59 per share [12][9] - The firm has built the first full-service investment bank in Texas, achieving significant milestones in its launch [11][9] Q&A Session Summary Question: Loan growth trends and outlook - Management noted that while loan growth slowed, commitments increased significantly, indicating potential for better performance in the fourth quarter [31][32] Question: Investment banking fee outlook - The firm reported a record investment banking quarter and narrowed its full-year fee income guidance to $230 million-$235 million [37][38] Question: NII growth amidst rate cuts - Management indicated that NII is expected to be between $255 million-$260 million for Q4, despite anticipated rate cuts [42][43] Question: Credit transformation since 2021 - Management highlighted a significant reduction in criticized loans and emphasized a conservative approach to client selection and risk management [46][49] Question: Capital deployment opportunities - Management discussed a disciplined capital menu, focusing on organic growth and maintaining strong capital ratios while exploring M&A opportunities [55][59]

Financial Data and Key Metrics Changes - The company achieved a record net income of $101 million for Q3 2025, representing a 36% increase compared to the adjusted net income from Q3 2024 [17] - Adjusted pre-provision net revenue increased by 30% year-over-year to $149.8 million, marking an all-time record for the firm [17] - The return on average assets reached 1.3%, exceeding the target of 1.1% [6] - Tangible common equity to tangible assets finished at 10.25%, an all-time high for the firm [7] Business Line Data and Key Metrics Changes - Total revenue for Q3 2025 increased by $35.4 million or 12% compared to Q3 2024, driven by a 13% growth in net interest income and a 6% growth in fee-based revenue [15] - The firm reported record revenue of $340 million and record earnings per share of $2.18 [9] - Treasury product fees increased by 91% over the past four years, indicating strong growth in this business line [10] Market Data and Key Metrics Changes - The firm is now a top five Texas-based originator of SBA loans, demonstrating its commitment to serving small businesses [11] - Average commercial loan balances increased by 3% during the quarter, with ending period balances up approximately $1 billion or 9% year-over-year [18] - The allowance for credit loss finished the quarter at $333 million, or 1.79% of loans held for investment, the highest level relative to criticized loans since 2014 [17][22] Company Strategy and Development Direction - The company is focused on transforming into a full-service financial services firm, aiming to bank the best clients in its markets [6] - A disciplined capital allocation process is in place, prioritizing franchise-accretive client segments and driving long-term shareholder value [12] - The firm is committed to maintaining a strong capital position while expanding its product offerings and improving client journeys [12] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook regarding the macroeconomic environment, emphasizing the importance of proactive credit assessments [71] - The firm reaffirmed its revenue guidance of low double-digit percent growth for the full year 2025, despite anticipated rate cuts [26] - Management highlighted the successful transformation of the firm, positioning it for continued earnings momentum and improved operational efficiencies [12][26] Other Important Information - The company repurchased 12% of its shares outstanding at a weighted average price of $59 per share, reflecting a commitment to returning value to shareholders [12] - The firm has made significant investments in its treasury solutions platform, reducing reliance on high-cost deposits [9][10] Q&A Session Summary Question: Loan growth and outlook for Q4 - Management noted strong client acquisition trends and emphasized their focus on providing tailored solutions rather than solely focusing on loan growth [30] Question: Investment banking expectations and potential headwinds - Management indicated a record investment banking quarter and expressed optimism about future performance despite potential government shutdown impacts [34] Question: NII growth amid rate cuts - Management highlighted their ability to grow net interest income despite rate cuts, attributing this to effective deposit management and client relationships [42] Question: Credit transformation since 2021 - Management discussed significant improvements in credit metrics, with criticized loans down 41% year-over-year, reflecting a conservative risk approach [48][51] Question: Capital deployment opportunities - Management emphasized a disciplined capital allocation strategy, focusing on organic growth and maintaining strong capital ratios [53][56] Question: Expense guidance and future hiring - Management expects non-interest expenses to be around $195 million in Q4, with a focus on careful hiring aligned with strategic objectives [70][92]

Financial Data and Key Metrics Changes - The company achieved a record net income to common of $101 million, representing a 36% increase compared to the adjusted net income to common in Q3 of the previous year [15][7] - Earnings per share reached a record of $2.18, marking a 37% increase year-over-year [15][7] - The return on average assets was reported at 1.3%, exceeding the target of 1.1% [5][7] - Total revenue increased by $35.4 million, or 12% year-over-year, supported by a 13% growth in net interest income [13][7] Business Line Data and Key Metrics Changes - The Treasury Solutions platform saw a 91% increase in product fees over the past four years, indicating strong growth in this area [8][9] - Average commercial loan balances increased by 3%, or $317 million, during the quarter, with ending period balances up approximately $1 billion, or 9% year-over-year [16][7] - The firm is now a top-five Texas-based originator of SBA loans, reflecting its commitment to serving small businesses [9][7] Market Data and Key Metrics Changes - The company reported a 22% year-over-year increase in client interest-bearing deposits, excluding multi-year contraction index deposits, which were up $3.3 billion [17][7] - The allowance for credit loss finished the quarter at $333 million, or 1.79% of loans held for investment, which is the highest level relative to criticized loans since 2014 [22][7] Company Strategy and Development Direction - The company is focused on transforming into a full-service financial services firm, aiming to bank the best clients in its markets [4][7] - The strategic plan includes a disciplined capital allocation process aimed at driving long-term shareholder value [10][7] - The firm is committed to maintaining a strong capital position, with tangible common equity to tangible assets at an all-time high of 10.25% [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed a conservative view on the uncertain economic environment, maintaining a cautious approach to credit risk [15][7] - The company reaffirmed its revenue guidance of low double-digit percentage growth for the full year, despite anticipated rate cuts [24][7] - Management highlighted the importance of client selection as a key risk mitigant, emphasizing the proactive management of the loan book [41][7] Other Important Information - The firm repurchased 12% of shares outstanding at a weighted average price of $59 per share, reflecting a disciplined approach to capital management [10][7] - The company has made significant investments in its platform to enhance operational efficiency and client service [7][7] Q&A Session Summary Question: Loan growth and commitments outlook - Management noted that while loan growth may have slowed, commitments increased by 11% quarter-over-quarter, indicating potential for better performance in the fourth quarter [28][29] Question: Investment banking trading line item expectations - The firm reported a record investment banking quarter and narrowed the full-year fee income guidance to $230 to $235 million, with expectations for fourth-quarter non-interest income of $60 to $65 million [33][32] Question: NII growth amid rate cuts - Management indicated that net interest income is expected to be between $255 to $260 million for Q4, despite anticipated rate cuts, due to effective deposit pricing strategies [36][37] Question: Credit transformation since 2021 - The company reported a significant reduction in criticized loans, down $368 million or 41%, reflecting a strong focus on client selection and risk management [40][41] Question: Capital deployment opportunities - Management emphasized a disciplined capital menu, focusing on organic growth and platform investments, while also considering M&A opportunities in the future [49][50]

Financial Performance Highlights - Net interest income increased by $184 million QoQ, driven by LHI growth and higher LHI excl MF9 yields[36] - Net interest margin expanded by 12bps QoQ[36] - Adjusted non-interest expense increased $05 million YoY to $1906 million[41] - YTD net interest income increased 13% despite a 125bps reduction in short-term rates[41] Balance Sheet Trends - Total deposit balances increased $14 billion or 6% QoQ[25] - Average non-interest bearing deposits, excluding MF9, increased $67 million or 2% QoQ to $34 billion[26] - Average MF9 non-interest bearing deposits declined $11 billion YoY to $49 billion, representing 90% of average mortgage finances loans in Q3 2025 compared to 116% in Q3 of last year[26] - Total LHI excl mortgage finance increased $14 billion or 8% YoY[16] Asset Quality - Total ACL, excl MF9 increased to $3238 million[50] - Criticized LHI declined $368 million or 41% YoY, with the percentage of total LHI declining 184bps to 219%[50] - Special mention LHI declined $90 million or 27% QoQ[50] Capital Position - Tangible book value per share increased by $288 or 4% QoQ to $7302[54] - Repurchased 87 thousand shares in Q3 for a total of $7 million[54] - Total capital ratio of 1610% and CET1 ratio of 1214%[54]

Financial Performance - Record-level net income of $105.2 million and diluted earnings per share of $2.18 for Q3 2025, compared to $73.0 million and $1.58 per diluted share in Q2 2025[2][6] - Net income available to common stockholders for Q3 2025 was $100,897,000, compared to $73,016,000 in Q2 2025, indicating a 37.9% increase[23] - Basic earnings per common share for Q3 2025 were $2.21, up from $1.59 in Q2 2025, reflecting a 38.9% increase[27] - Adjusted net income for Q3 2025 was $105,210,000, a significant increase from $79,841,000 in Q2 2025, reflecting a growth of 31.8%[36] Asset and Loan Growth - Total assets reached $32,536,980,000 in Q3 2025, up from $31,943,535,000 in Q2 2025, representing a 1.8% increase[23] - Total loans held for investment reached $24.2 billion, up from $23.9 billion in Q2 2025[4][6] - Loans held for investment increased to $18,134,059,000 in Q3 2025 from $18,035,945,000 in Q2 2025, a growth of 0.5%[23] - Loans held for investment increased to $23,448,533 thousand in Q3 2025, with a net interest income of $379,525 thousand, reflecting a yield of 6.42%[32] Income and Revenue - Net interest income for Q3 2025 was $271.8 million, an increase from $253.4 million in Q2 2025, with a net interest margin of 3.47%[8][4] - Non-interest income increased by $14.5 million in Q3 2025 compared to Q2 2025, driven by higher investment banking and advisory fees[9][4] - Non-interest income for Q3 2025 was $68.58 million, a significant increase from $54.07 million in Q2 2025[27] - Net interest income for Q3 2025 was $272,284 thousand, an increase from $253,894 thousand in Q2 2025 and $240,172 thousand in Q3 2024[32] Credit Quality and Losses - Provision for credit losses decreased to $12.0 million in Q3 2025 from $15.0 million in Q2 2025[7][4] - The allowance for credit losses on loans decreased to $274,026 thousand in Q3 2025 from $277,648 thousand in Q2 2025, reflecting a reduction of 0.6%[29] - Non-performing assets totaled $96,084 thousand in Q3 2025, a decrease of 15.0% from $113,609 thousand in Q2 2025[30] - The total provision for credit losses was $12,000 thousand in Q3 2025, a decrease from $15,000 thousand in Q2 2025[29] Capital and Equity - Stockholders' equity reached $3.6 billion, up from $3.5 billion in Q2 2025[4][6] - CET1 capital ratio improved to 12.1% in Q3 2025 from 11.4% in Q2 2025[17][4] - Common Equity Tier 1 ratio increased to 12.1% in Q3 2025 from 11.4% in Q2 2025, indicating improved capital strength[23] - The company reported a total stockholders' equity of $3.64 billion as of September 30, 2025, up from $3.35 billion a year earlier, representing an increase of 8.5%[26] Efficiency and Management - The efficiency ratio for Q3 2025 improved to 56.0%, down from 61.9% in Q2 2025, indicating better cost management[36] - Non-interest expense to average earning assets for Q3 2025 was 2.44%, a slight decrease from 2.52% in Q2 2025, showing improved operational efficiency[36] - Return on average assets increased to 1.30% in Q3 2025 from 0.99% in Q2 2025[4][6] - Return on average common equity for Q3 2025 was 12.04%, an increase from 9.17% in Q2 2025[36]

Core Insights - Texas Capital Bancshares, Inc. reported record-level net income of $105.2 million for Q3 2025, with diluted earnings per share of $2.18, marking a significant improvement from a net loss of $65.6 million in Q3 2024 [2][11][24] - The company achieved a return on average assets (ROAA) of 1.30% and a return on average common equity (ROACE) of 12.04% for Q3 2025, reflecting strong financial performance [1][24] - Capital ratios improved, with Common Equity Tier 1 (CET1) at 12.1% and Total Capital at 16.1%, exceeding "well capitalized" requirements [18][24] Financial Performance - Net income available to common stockholders increased to $100.9 million in Q3 2025 from $73.0 million in Q2 2025 [6][24] - Pre-provision net revenue for Q3 2025 was $149.8 million, up from $117.2 million in Q2 2025 [4][24] - Net interest income rose to $271.8 million in Q3 2025, compared to $253.4 million in Q2 2025, driven by increases in average earning assets and yields [8][24] Balance Sheet Highlights - Total assets reached $32.54 billion as of September 30, 2025, up from $31.94 billion at the end of Q2 2025 [26][24] - Loans held for investment increased to $24.19 billion in Q3 2025, compared to $23.93 billion in Q2 2025 [24][26] - Total deposits grew to $27.51 billion in Q3 2025, up from $26.06 billion in Q2 2025 [24][26] Credit Quality - Provision for credit losses was $12.0 million in Q3 2025, down from $15.0 million in Q2 2025, reflecting improved credit quality [7][24] - Net charge-offs were recorded at $13.7 million for Q3 2025, compared to $13.0 million in Q2 2025 [17][24] - Criticized loans decreased to $529.7 million at the end of Q3 2025, down from $637.5 million at the end of Q2 2025 [17][24] Strategic Outlook - The company emphasized its commitment to clients and strategic execution, positioning itself as a leading financial services firm in Texas [4][3] - Texas Capital Bancshares aims to continue driving long-term value for stakeholders through its successful transformation and growth strategies [4][3]