TEXAS CAPITAL BANCSHARES INC/TX (Form: 8-K, Received: 01/22/2026 06:04:02)

TEXAS CAPITAL BANCSHARES INC/TX0001077428false00010774282026-01-222026-01-220001077428us-gaap:CommonStockMember2026-01-222026-01-220001077428us-gaap:SeriesBPreferredStockMember2026-01-222026-01-22

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 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)

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

(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 January 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 and year ended December 31, 2025. 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.

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

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:

January 22, 2026

TEXAS CAPITAL BANCSHARES, INC.

By:

/s/ J. Matthew Scurlock

J. Matthew Scurlock
Chief Financial Officer


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

Dallas, TX - January 22, 2026

TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS

Fourth quarter 2025 net income available to common stockholders of $96.3 million, up 44% year-over-year

Reaching record-levels, Book Value and Tangible Book Value(4) per share both increased 13% year-over-year

Capital ratios continue to be strong, achieving 12.1% CET1 and 16.1% Total Capital

“Consecutive strong quarters to close 2025 validate our multi-year transformation strategy and demonstrate the resilience of our business model in a complex market environment,” said Rob C. Holmes, Chairman, President & CEO. “Surpassing our long-term Return on Average Assets goal of 1.1% in the final two quarters underscores the effectiveness of our deliberate, disciplined approach. We are now positioned to capitalize on our increasingly differentiated platform, executing seamlessly for clients, delivering comprehensive solutions across market events and driving meaningful, sustainable value for our investors.”




	4th Quarter			3rd Quarter			4th Quarter			Full Year			Full Year
(dollars in thousands except per share data)	2025			2025			2024			2025			2024
Summary Income Statement
Net interest income	$	267,437		$	271,771		$	229,607		$	1,028,637		$	901,300
Non-interest income	60,046			68,583			54,074			227,142			31,046
Total revenue	327,483			340,354			283,681			1,255,779			932,346
Non-interest expense	184,198			190,575			172,159			768,069			758,285
Pre-provision net revenue(1)	143,285			149,779			111,522			487,710			174,061

Provision for credit losses	11,000			12,000			18,000			55,000			67,000
Net income available to common stockholders	96,347			100,897			66,711			312,994			60,258

Non-interest income, adjusted(2)	$	60,046		$	68,583		$	54,074		$	229,028		$	210,627
Total revenue, adjusted(2)	327,483			340,354			283,681			1,257,665			1,111,927
Non-interest expense, adjusted(2)	186,440			190,575			172,159			768,910			742,533
Pre-provision net revenue, adjusted(1)(2)	141,043			149,779			111,522			488,755			369,394
Net income to common stockholders, adjusted(2)	94,631			100,897			66,711			313,791			208,345

Key Metrics
Diluted earnings per common share	$	2.12		$	2.18		$	1.43		$	6.79		$	1.28
Diluted earnings per common shares, adjusted(2)	$	2.08		$	2.18		$	1.43		$	6.80		$	4.43
Return on average assets	1.22		%	1.30		%	0.88		%	1.04		%	0.25		%
Return on average assets, adjusted(2)	1.20		%	1.30		%	0.88		%	1.04		%	0.74		%
Return on average common equity	11.18		%	12.04		%	8.50		%	9.59		%	2.04		%
Return on average common equity, adjusted(2)	10.98		%	12.04		%	8.50		%	9.61		%	7.05		%
Efficiency ratio(3)	56.2		%	56.0		%	60.7		%	61.2		%	81.3		%
Efficiency ratio, adjusted(2)(3)	56.9		%	56.0		%	60.7		%	61.1		%	66.8		%
Net interest margin	3.38		%	3.47		%	2.93		%	3.35		%	3.03		%
Book value per share	$	75.28		73.05			$	66.36		$	75.28		$	66.36
Tangible book value per share(4)	$	75.25		73.02			$	66.32		$	75.25		$	66.32
CET1 ratio	12.1		%	12.1		%	11.4		%	12.1		%	11.4		%

Balance Sheet
Total assets	$	31,540,274		$	32,536,980		$	30,731,883
Loans held for investment	17,976,183			18,134,059			17,234,492
Loans held for investment, mortgage finance	6,064,019			6,057,804			5,215,574
Total deposits	26,448,767			27,505,398			25,238,599
Stockholders’ equity	3,631,382			3,637,098			3,367,936

(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.

FOURTH QUARTER 2025 COMPARED TO THIRD QUARTER 2025

For the fourth quarter of 2025, net income available to common stockholders was $96.3 million, or $2.12 per diluted share, compared to $100.9 million, or $2.18 per diluted share, for the third quarter of 2025.

Provision for credit losses for the fourth quarter of 2025 was $11.0 million, compared to $12.0 million for the third quarter of 2025. The $11.0 million provision for credit losses recorded in the fourth quarter of 2025 resulted primarily from an increase in criticized loans and $10.7 million in net charge-offs.

Net interest income was $267.4 million for the fourth quarter of 2025, compared to $271.8 million for the third quarter of 2025, primarily due to a decrease in earning asset yields, partially offset by a decrease in funding costs. Net interest margin for the fourth quarter of 2025 was 3.38%, a decrease of 9 basis points from the third quarter of 2025. Loans Held for Investment (“LHI”), excluding mortgage finance, yields decreased 25 basis points from the third quarter of 2025 and LHI, mortgage finance, yields decreased 19 basis points from the third quarter of 2025. Total cost of deposits was 2.41% for the fourth quarter of 2025, a 21 basis point decrease from the third quarter of 2025.

Non-interest income for the fourth quarter of 2025 decreased $8.5 million compared to the third quarter of 2025 primarily due to decreases in investment banking and advisory fees, trading income and other non-interest income.

Non-interest expense for the fourth quarter of 2025 decreased $6.4 million compared to the third quarter of 2025, primarily due to decreases in salaries and benefits and FDIC insurance assessment expense, partially offset by increases in marketing expense, communications and technology expense and other non-interest expense. During the fourth quarter of 2025, the FDIC determined that the special assessment extended collection period was no longer necessary, resulting in the release of related accruals.

FOURTH QUARTER 2025 COMPARED TO FOURTH QUARTER 2024

Net income available to common stockholders was $96.3 million, or $2.12 per diluted share, for the fourth quarter of 2025, compared to $66.7 million, or $1.43 per diluted share, for the fourth quarter of 2024.

The fourth quarter of 2025 included a $11.0 million provision for credit losses, reflecting a linked quarter increase in criticized loans and $10.7 million in net charge-offs, compared to a $18.0 million provision for credit losses for the fourth quarter of 2024.

Net interest income increased to $267.4 million for the fourth quarter of 2025, compared to $229.6 million for the fourth quarter of 2024, primarily due to an increase in average earning assets and a decrease in funding costs, partially offset by an increase in average interest bearing liabilities. Net interest margin increased 45 basis points to 3.38% for the fourth quarter of 2025, as compared to the fourth quarter of 2024. LHI, excluding mortgage finance, yields decreased 12 basis points compared to the fourth quarter of 2024 and LHI, mortgage finance yields increased 40 basis points from the fourth quarter of 2024. Total cost of deposits decreased 40 basis points compared to the fourth quarter of 2024.

Non-interest income for the fourth quarter of 2025 increased $6.0 million compared to the fourth quarter of 2024 primarily due to increases in service charges on deposit accounts and investment banking and advisory fee income.

Non-interest expense for the fourth quarter of 2025 increased $12.0 million compared to the fourth quarter of 2024, primarily due to increases in salaries and benefits, communications and technology expense and other non-interest expense, partially offset by decreases in legal and professional expense and FDIC insurance assessment expense.

Net charge-offs of $10.7 million were recorded during the fourth quarter of 2025, compared to net charge-offs of $13.7 million and $12.1 million during the third quarter of 2025 and the fourth quarter of 2024, respectively. Criticized loans totaled $634.9 million at December 31, 2025, compared to $529.7 million at September 30, 2025 and $714.0 million at December 31, 2024. Non-accrual LHI totaled $116.9 million at December 31, 2025, compared to $96.1 million at September 30, 2025 and $111.2 million at December 31, 2024. The ratio of non-accrual LHI to total LHI for the fourth quarter of 2025 was 0.49%, compared to 0.40% for the third quarter of 2025 and 0.50% for the fourth quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.38% at December 31, 2025, compared to 1.37% and 1.45% at September 30, 2025 and December 31, 2024, respectively.

REGULATORY RATIOS AND CAPITAL

All regulatory ratios continue to be in excess of “well capitalized” requirements as of December 31, 2025. CET1, tier 1 capital, total capital and leverage ratios were 12.1%, 13.6%, 16.1% and 11.7%, respectively, at December 31, 2025, compared to 12.1%, 13.6%, 16.1% and 11.9%, respectively, at September 30, 2025 and 11.4%, 12.8%, 15.4% and 11.3%, respectively, at December 31, 2024. At December 31, 2025, our ratio of tangible common equity to total tangible assets was 10.6%, compared to 10.3% at September 30, 2025 and 10.0% at December 31, 2024.

Effective December 12, 2025, the Company’s board of directors authorized a new share repurchase program under which the Company may repurchase up to $200.0 million in shares of its outstanding common stock through December 31, 2026. Remaining repurchase authorization under the January 22, 2025 share repurchase program was terminated upon authorization of this new program.

During the fourth quarter of 2025, the Company repurchased 1,445,212 shares of its common stock for an aggregate purchase price, including excise tax expense, of $126.6 million, at a weighted average price of $86.76 per share. All shares were repurchased under the January 22, 2025 shares repurchase program.

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, inflation, 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)
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
	2025			2025			2025			2025			2024
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$	444,314		$	460,615		$	439,567		$	427,289		$	437,571
Interest expense	176,877			188,844			186,172			191,255			207,964
Net interest income	267,437			271,771			253,395			236,034			229,607
Provision for credit losses	11,000			12,000			15,000			17,000			18,000
Net interest income after provision for credit losses	256,437			259,771			238,395			219,034			211,607
Non-interest income	60,046			68,583			54,069			44,444			54,074
Non-interest expense	184,198			190,575			190,276			203,020			172,159
Income before income taxes	132,285			137,779			102,188			60,458			93,522
Income tax expense	31,626			32,569			24,860			13,411			22,499
Net income	100,659			105,210			77,328			47,047			71,023
Preferred stock dividends	4,312			4,313			4,312			4,313			4,312
Net income available to common stockholders	$	96,347		$	100,897		$	73,016		$	42,734		$	66,711
Diluted earnings per common share	$	2.12		$	2.18		$	1.58		$	0.92		$	1.43
Diluted common shares	45,509,370			46,233,167			46,215,394			46,616,704			46,770,961
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	31,540,274		$	32,536,980		$	31,943,535		$	31,375,749		$	30,731,883
Loans held for investment	17,976,183			18,134,059			18,035,945			17,654,243			17,234,492
Loans held for investment, mortgage finance	6,064,019			6,057,804			5,889,589			4,725,541			5,215,574
Loans held for sale	4,361			—			—			—			—
Interest bearing cash and cash equivalents	1,897,803			2,852,387			2,507,691			3,600,969			3,012,307
Investment securities	4,723,099			4,601,654			4,608,628			4,531,219			4,396,115
Non-interest bearing deposits	6,959,097			7,689,598			7,718,006			7,874,780			7,485,428
Total deposits	26,448,767			27,505,398			26,064,309			26,053,034			25,238,599
Short-term borrowings	330,000			275,000			1,250,000			750,000			885,000
Long-term debt	620,575			620,416			620,256			660,521			660,346
Stockholders’ equity	3,631,382			3,637,098			3,510,070			3,429,774			3,367,936

End of period shares outstanding	44,253,688			45,679,863			45,746,836			46,024,933			46,233,812
Book value per share	$	75.28		$	73.05		$	70.17		$	68.00		$	66.36
Tangible book value per share(1)	$	75.25		$	73.02		$	70.14		$	67.97		$	66.32
SELECTED FINANCIAL RATIOS
Net interest margin	3.38		%	3.47		%	3.35		%	3.19		%	2.93		%
Return on average assets	1.22		%	1.30		%	0.99		%	0.61		%	0.88		%
Return on average assets, adjusted(4)	1.20		%	1.30		%	1.02		%	0.61		%	0.88		%
Return on average common equity	11.18		%	12.04		%	9.17		%	5.56		%	8.50		%
Return on average common equity, adjusted(4)	10.98		%	12.04		%	9.48		%	5.56		%	8.50		%
Efficiency ratio(2)	56.2		%	56.0		%	61.9		%	72.4		%	60.7		%
Efficiency ratio, adjusted(2)(4)	56.9		%	56.0		%	61.1		%	72.4		%	60.7		%
Non-interest income to average earning assets	0.76		%	0.88		%	0.72		%	0.60		%	0.69		%
Non-interest income to average earning assets, adjusted(4)	0.76		%	0.88		%	0.74		%	0.60		%	0.69		%
Non-interest expense to average earning assets	2.33		%	2.44		%	2.52		%	2.75		%	2.21		%
Non-interest expense to average earning assets, adjusted(4)	2.35		%	2.44		%	2.50		%	2.75		%	2.21		%
Common equity to total assets	10.6		%	10.3		%	10.1		%	10.0		%	10.0		%
Tangible common equity to total tangible assets(3)	10.6		%	10.3		%	10.1		%	10.0		%	10.0		%
Common Equity Tier 1	12.1		%	12.1		%	11.4		%	11.6		%	11.4		%
Tier 1 capital	13.6		%	13.6		%	12.9		%	13.1		%	12.8		%
Total capital	16.1		%	16.1		%	15.3		%	15.6		%	15.4		%
Leverage	11.7		%	11.9		%	11.8		%	11.8		%	11.3		%

(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)
	December 31, 2025		September 30, 2025		June 30, 2025		March 31, 2025		December 31, 2024
Assets
Cash and due from banks	$	201,315	$	212,438	$	182,451	$	201,504	$	176,501
Interest bearing cash and cash equivalents	1,897,803		2,852,387		2,507,691		3,600,969		3,012,307
Available-for-sale debt securities	3,951,455		3,801,261		3,774,141		3,678,378		3,524,686
Held-to-maturity debt securities	725,722		743,120		761,907		779,354		796,168
Equity securities	41,998		55,054		68,692		71,679		75,261
Trading securities	3,924		2,219		3,888		1,808		—
Investment securities	4,723,099		4,601,654		4,608,628		4,531,219		4,396,115
Loans held for sale	4,361		—		—		—		—
Loans held for investment, mortgage finance	6,064,019		6,057,804		5,889,589		4,725,541		5,215,574
Loans held for investment	17,976,183		18,134,059		18,035,945		17,654,243		17,234,492
Less: Allowance for credit losses on loans	270,557		274,026		277,648		278,379		271,709
Loans held for investment, net	23,769,645		23,917,837		23,647,886		22,101,405		22,178,357

Premises and equipment, net	88,003		88,348		86,831		84,575		85,443
Accrued interest receivable and other assets	854,552		862,820		908,552		854,581		881,664
Goodwill and intangibles, net	1,496		1,496		1,496		1,496		1,496
Total assets	$	31,540,274	$	32,536,980	$	31,943,535	$	31,375,749	$	30,731,883

Liabilities and Stockholders’ Equity
Liabilities:
Non-interest bearing deposits	$	6,959,097	$	7,689,598	$	7,718,006	$	7,874,780	$	7,485,428
Interest bearing deposits	19,489,670		19,815,800		18,346,303		18,178,254		17,753,171
Total deposits	26,448,767		27,505,398		26,064,309		26,053,034		25,238,599
Accrued interest payable	6,716		9,360		14,120		25,270		23,680
Other liabilities	502,834		489,708		484,780		457,150		556,322
Short-term borrowings	330,000		275,000		1,250,000		750,000		885,000
Long-term debt	620,575		620,416		620,256		660,521		660,346
Total liabilities	27,908,892		28,899,882		28,433,465		27,945,975		27,363,947

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)	518		518		517		517		515
Additional paid-in capital	1,074,496		1,069,582		1,065,083		1,060,028		1,056,719
Retained earnings	2,808,645		2,712,298		2,611,401		2,538,385		2,495,651
Treasury stock(3)	(487,692)		(361,076)		(354,000)		(332,994)		(301,842)
Accumulated other comprehensive loss, net of taxes	(64,585)		(84,224)		(112,931)		(136,162)		(183,107)
Total stockholders’ equity	3,631,382		3,637,098		3,510,070		3,429,774		3,367,936
Total liabilities and stockholders’ equity	$	31,540,274	$	32,536,980	$	31,943,535	$	31,375,749	$	30,731,883

(1) Preferred stock - issued shares	300,000		300,000		300,000		300,000		300,000
(2) Common stock - issued shares	51,786,456		51,767,419		51,747,305		51,707,542		51,520,315
(3) Treasury stock - shares at cost	7,532,768		6,087,556		6,000,469		5,682,609		5,286,503


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

	4th Quarter 2025		3rd Quarter 2025		2nd Quarter 2025		1st Quarter 2025		4th Quarter 2024		4th Quarter YTD 2025		4th Quarter YTD 2024
Interest income
Interest and fees on loans	$	367,481	$	379,017	$	364,358	$	334,150	$	340,388	$	1,445,006	$	1,377,925
Investment securities	47,012		49,396		45,991		46,565		44,102		188,964		148,219
Interest bearing cash and cash equivalents	29,821		32,202		29,218		46,574		53,081		137,815		203,406
Total interest income	444,314		460,615		439,567		427,289		437,571		1,771,785		1,729,550
Interest expense
Deposits	167,259		180,779		174,798		174,936		189,061		697,772		736,196
Short-term borrowings	2,153		534		3,444		8,246		10,678		14,377		49,994
Long-term debt	7,465		7,531		7,930		8,073		8,225		30,999		42,060
Total interest expense	176,877		188,844		186,172		191,255		207,964		743,148		828,250
Net interest income	267,437		271,771		253,395		236,034		229,607		1,028,637		901,300
Provision for credit losses	11,000		12,000		15,000		17,000		18,000		55,000		67,000
Net interest income after provision for credit losses	256,437		259,771		238,395		219,034		211,607		973,637		834,300
Non-interest income
Service charges on deposit accounts	8,411		8,111		8,182		7,840		6,989		32,544		25,546
Wealth management and trust fee income	4,216		3,989		3,730		3,964		4,009		15,899		15,315
Brokered loan fees	2,467		2,419		2,398		1,949		2,519		9,233		8,961

Investment banking and advisory fees	30,015		33,985		24,109		16,478		26,740		104,587		104,965
Trading income	6,020		7,238		7,896		5,939		5,487		27,093		21,635
Available-for-sale debt securities gains/(losses), net	—		—		(1,886)		—		—		(1,886)		(179,581)


Other	8,917		12,841		9,640		8,274		8,330		39,672		34,205
Total non-interest income	60,046		68,583		54,069		44,444		54,074		227,142		31,046
Non-interest expense
Salaries and benefits	108,851		119,856		120,154		131,641		97,873		480,502		466,578
Occupancy expense	12,803		11,828		12,144		10,844		11,926		47,619		45,266
Marketing	5,404		3,412		3,624		5,009		4,454		17,449		22,349
Legal and professional	11,580		12,474		11,069		14,989		15,180		50,112		53,783
Communications and technology	26,303		24,594		24,314		23,642		24,007		98,853		93,085
Federal Deposit Insurance Corporation insurance assessment	2,276		5,198		5,096		5,341		4,454		17,911		23,351


Other	16,981		13,213		13,875		11,554		14,265		55,623		53,873
Total non-interest expense	184,198		190,575		190,276		203,020		172,159		768,069		758,285
Income before income taxes	132,285		137,779		102,188		60,458		93,522		432,710		107,061
Income tax expense	31,626		32,569		24,860		13,411		22,499		102,466		29,553
Net income	100,659		105,210		77,328		47,047		71,023		330,244		77,508
Preferred stock dividends	4,312		4,313		4,312		4,313		4,312		17,250		17,250
Net income available to common stockholders	$	96,347	$	100,897	$	73,016	$	42,734	$	66,711	$	312,994	$	60,258

Basic earnings per common share	$	2.14	$	2.21	$	1.59	$	0.93	$	1.44	$	6.86	$	1.29
Diluted earnings per common share	$	2.12	$	2.18	$	1.58	$	0.92	$	1.43	$	6.79	$	1.28


TEXAS CAPITAL BANCSHARES, INC.
SUMMARY OF CREDIT LOSS EXPERIENCE
(dollars in thousands)
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
	2025			2025			2025			2025			2024
Allowance for credit losses on loans:
Beginning balance	$	274,026		$	277,648		$	278,379		$	271,709		$	273,143

Loans charged-off:
Commercial	14,417			13,794			13,020			10,197			14,100

Commercial real estate	524			—			431			500			2,566

Total charge-offs	14,941			13,794			13,451			10,697			16,666
Recoveries:
Commercial	4,202			50			486			483			4,562

Commercial real estate	—			—			—			413			18
Consumer	12			4			—			4			15
Total recoveries	4,214			54			486			900			4,595
Net charge-offs	10,727			13,740			12,965			9,797			12,071
Provision for credit losses on loans	7,258			10,118			12,234			16,467			10,637
Ending balance	$	270,557		$	274,026		$	277,648		$	278,379		$	271,709

Allowance for off-balance sheet credit losses:
Beginning balance	$	58,513		$	56,631		$	53,865		$	53,332		$	45,969
Provision for off-balance sheet credit losses	3,742			1,882			2,766			533			7,363
Ending balance	$	62,255		$	58,513		$	56,631		$	53,865		$	53,332

Total allowance for credit losses	$	332,812		$	332,539		$	334,279		$	332,244		$	325,041
Total provision for credit losses	$	11,000		$	12,000		$	15,000		$	17,000		$	18,000

Allowance for credit losses on loans to total loans held for investment	1.13		%	1.13		%	1.16		%	1.24		%	1.21		%
Allowance for credit losses on loans to average total loans held for investment	1.12		%	1.15		%	1.19		%	1.29		%	1.22		%
Net charge-offs to average total loans held for investment(1)	0.18		%	0.23		%	0.22		%	0.18		%	0.22		%
Net charge-offs to average total loans held for investment for last 12 months(1)	0.20		%	0.21		%	0.18		%	0.18		%	0.19		%
Total provision for credit losses to average total loans held for investment(1)	0.18		%	0.20		%	0.26		%	0.32		%	0.32		%
Total allowance for credit losses to total loans held for investment	1.38		%	1.37		%	1.40		%	1.48		%	1.45		%

(1)Interim period ratios are annualized.


TEXAS CAPITAL BANCSHARES, INC.
NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS
(dollars in thousands)
	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
	2025			2025			2025			2025			2024
NON-PERFORMING ASSETS
Non-accrual loans held for investment	$	116,880		$	96,084		$	113,609		$	93,565		$	111,165
Non-accrual loans held for sale(1)	4,361			—			—			—			—
Other real estate owned	—			—			—			—			—
Total non-performing assets	$	121,241		$	96,084		$	113,609		$	93,565		$	111,165

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

LOANS PAST DUE

Loans held for investment past due 90 days and still accruing	$	19,353		$	126		$	2,068		$	791		$	4,265
Loans held for investment past due 90 days to total loans held for investment	0.08		%	—		%	0.01		%	—		%	0.02		%
Loans held for sale past due 90 days and still accruing	$	—		$	—		$	—		$	—		$	—

CRITICIZED LOANS
Criticized loans	$	634,919		$	529,732		$	637,462		$	762,887		$	713,951
Criticized loans to total loans held for investment	2.64		%	2.19		%	2.66		%	3.41		%	3.18		%
Special mention loans	$	346,643		$	249,592		$	339,923		$	484,165		$	435,626
Special mention loans to total loans held for investment	1.44		%	1.03		%	1.42		%	2.16		%	1.94		%

(1)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 December 31, 2025.


TEXAS CAPITAL BANCSHARES, INC.
TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)(1)
(dollars in thousands)
	4th Quarter 2025						3rd Quarter 2025						4th Quarter 2024						YTD December 31, 2025						YTD December 31, 2024
	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
Investment securities(2)	$	4,629,242	$	47,025	3.98	%	$	4,635,066	$	49,401	4.14	%	$	4,504,101	$	44,102	3.79	%	$	4,575,954	$	188,990	4.03	%	$	4,386,458	$	148,219	3.17	%
Interest bearing cash and cash equivalents	2,994,417		29,821		3.95	%	2,920,102		32,202		4.38	%	4,472,772		53,081		4.72	%	3,203,594		137,815		4.30	%	3,940,590		203,406		5.16	%
Loans held for sale(3)	47		—		—	%	—		—		—	%	—		—		—	%	95		2		2.60	%	25,855		2,432		9.41	%
Loans held for investment, mortgage finance	5,890,991		61,319		4.13	%	5,472,467		59,604		4.32	%	5,409,980		50,685		3.73	%	5,171,878		218,157		4.22	%	4,612,994		179,233		3.89	%
Loans held for investment(3)	18,177,312		307,053		6.70	%	18,253,451		319,921		6.95	%	16,919,925		289,916		6.82	%	17,996,607		1,229,207		6.83	%	16,746,912		1,196,673		7.15	%
Less: Allowance for credit losses on loans	278,315		—		—	%	277,385		—		—		272,975		—		—	%	276,641		—		—		263,279		—		—
Loans held for investment, net	23,789,988		368,372		6.14	%	23,448,533		379,525		6.42	%	22,056,930		340,601		6.14	%	22,891,844		1,447,364		6.32	%	21,096,627		1,375,906		6.52	%
Total earning assets	31,413,694		445,218		5.61	%	31,003,701		461,128		5.88	%	31,033,803		437,784		5.59	%	30,671,487		1,774,171		5.76	%	29,449,530		1,729,963		5.82	%
Cash and other assets	1,192,624						1,159,008						1,178,284						1,156,587						1,163,665
Total assets	$	32,606,318					$	32,162,709					$	32,212,087					$	31,828,074					$	30,613,195

Liabilities and Stockholders’ Equity
Transaction deposits	$	2,470,262	$	13,468	2.16	%	$	2,251,217	$	13,987	2.46	%	$	2,141,739	$	15,403	2.86	%	$	2,275,219	$	55,094	2.42	%	$	2,049,720	$	65,215	3.18	%
Savings deposits	14,453,912		130,536		3.58	%	14,650,152		143,327		3.88	%	12,932,458		144,393		4.44	%	14,051,757		541,712		3.86	%	12,143,539		572,126		4.71	%
Time deposits	2,207,631		23,255		4.18	%	2,158,228		23,465		4.31	%	2,331,009		29,265		4.99	%	2,263,568		100,966		4.46	%	1,946,341		98,855		5.08	%
Total interest bearing deposits	19,131,805		167,259		3.47	%	19,059,597		180,779		3.76	%	17,405,206		189,061		4.32	%	18,590,544		697,772		3.75	%	16,139,600		736,196		4.56	%
Short-term borrowings	221,250		2,153		3.86	%	44,022		534		4.82	%	883,326		10,678		4.81	%	328,499		14,377		4.38	%	933,896		49,994		5.35	%
Long-term debt	620,505		7,465		4.77	%	620,348		7,531		4.82	%	660,270		8,225		4.96	%	637,535		30,999		4.86	%	739,136		42,060		5.69	%
Total interest bearing liabilities	19,973,560		176,877		3.51	%	19,723,967		188,844		3.80	%	18,948,802		207,964		4.37	%	19,556,578		743,148		3.80	%	17,812,632		828,250		4.65	%
Non-interest bearing deposits	8,455,034						8,351,524						9,319,711						8,220,254						9,013,038
Other liabilities	457,757						463,034						522,641						486,843						532,058
Stockholders’ equity	3,719,967						3,624,184						3,420,933						3,564,399						3,255,467
Total liabilities and stockholders’ equity	$	32,606,318					$	32,162,709					$	32,212,087					$	31,828,074					$	30,613,195
Net interest income			$	268,341					$	272,284					$	229,820					$	1,031,023					$	901,713
Net interest margin					3.38	%					3.47	%					2.93	%					3.35	%					3.03	%

(1) Taxable equivalent rates used where applicable.

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

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


Reconciliation of Non-GAAP Financial Measures
(dollars in thousands except per share data)	4th Quarter 2025			3rd Quarter 2025			2nd Quarter 2025			1st Quarter 2025			4th Quarter 2024			Full Year 2025			Full Year 2024
Net interest income	$	267,437		$	271,771		$	253,395		$	236,034		$	229,607		$	1,028,637		$	901,300

Non-interest income	60,046			68,583			54,069			44,444			54,074			227,142			31,046
Available-for-sale debt securities losses, net	—			—			1,886			—			—			1,886			179,581
Non-interest income, adjusted	60,046			68,583			55,955			44,444			54,074			229,028			210,627

Total revenue(1)	327,483			340,354			307,464			280,478			283,681			1,255,779			932,346
Total revenue, adjusted(1)	327,483			340,354			309,350			280,478			283,681			1,257,665			1,111,927

Non-interest expense	184,198			190,575			190,276			203,020			172,159			768,069			758,285
FDIC special assessment	2,242			—			—			—			—			2,242			(2,811)
Restructuring expenses	—			—			(1,401)			—			—			(1,401)			(7,941)
Legal Settlement	—			—			—			—			—			—			(5,000)

Non-interest expense, adjusted	186,440			190,575			188,875			203,020			172,159			768,910			742,533

Provision for credit losses	11,000			12,000			15,000			17,000			18,000			55,000			67,000

Income tax expense	31,626			32,569			24,860			13,411			22,499			102,466			29,553
Tax effect of adjustments	(526)			—			774			—			—			248			47,246
Income tax expense, adjusted	31,100			32,569			25,634			13,411			22,499			102,714			76,799

Net income(2)	$	100,659		$	105,210		$	77,328		$	47,047		$	71,023		$	330,244		$	77,508
Net income, adjusted(2)	$	98,943		$	105,210		$	79,841		$	47,047		$	71,023		$	331,041		$	225,595

Preferred stock dividends	4,312			4,313			4,312			4,313			4,312			17,250			17,250

Net income to common stockholders(3)	$	96,347		$	100,897		$	73,016		$	42,734		$	66,711		$	312,994		$	60,258
Net income to common stockholders, adjusted(3)	$	94,631		$	100,897		$	75,529		$	42,734		$	66,711		$	313,791		$	208,345

PPNR(4)	$	143,285		$	149,779		$	117,188		$	77,458		$	111,522		$	487,710		$	174,061
PPNR, adjusted(4)	$	141,043		$	149,779		$	120,475		$	77,458		$	111,522		$	488,755		$	369,394

Weighted average common shares outstanding, diluted	45,509,370			46,233,167			46,215,394			46,616,704			46,770,961			46,127,375			46,989,204
Diluted earnings per common share	$	2.12		$	2.18		$	1.58		$	0.92		$	1.43		$	6.79		$	1.28
Diluted earnings per common share, adjusted	$	2.08		$	2.18		$	1.63		$	0.92		$	1.43		$	6.80		$	4.43

Average total assets	$	32,606,318		$	32,162,709		$	31,419,469		$	31,103,609		$	32,212,087		$	31,828,074		$	30,613,195
Return on average assets	1.22		%	1.30		%	0.99		%	0.61		%	0.88		%	1.04		%	0.25		%
Return on average assets, adjusted	1.20		%	1.30		%	1.02		%	0.61		%	0.88		%	1.04		%	0.74		%

Average common equity	$	3,419,967		$	3,324,184		$	3,195,041		$	3,114,389		$	3,120,933		$	3,264,399		$	2,955,467
Return on average common equity	11.18		%	12.04		%	9.17		%	5.56		%	8.50		%	9.59		%	2.04		%
Return on average common equity, adjusted	10.98		%	12.04		%	9.48		%	5.56		%	8.50		%	9.61		%	7.05		%

Efficiency ratio(5)	56.2		%	56.0		%	61.9		%	72.4		%	60.7		%	61.2		%	81.3		%
Efficiency ratio, adjusted(5)	56.9		%	56.0		%	61.1		%	72.4		%	60.7		%	61.1		%	66.8		%

Average earning assets	$	31,413,694		$	31,003,701		$	30,302,351		$	29,946,425		$	31,033,803		$	30,671,487		$	29,449,530
Non-interest income to average earning assets	0.76		%	0.88		%	0.72		%	0.60		%	0.69		%	0.74		%	0.11		%
Non-interest income to average earning assets, adjusted	0.76		%	0.88		%	0.74		%	0.60		%	0.69		%	0.75		%	0.72		%
Non-interest expense to average earning assets	2.33		%	2.44		%	2.52		%	2.75		%	2.21		%	2.50		%	2.57		%
Non-interest expense to average earning assets, adjusted	2.35		%	2.44		%	2.50		%	2.75		%	2.21		%	2.51		%	2.52		%

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

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

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

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

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

2 Forward-Looking Statements This communication contains “forward-looking statements” within the meaning of and pursuant to the Private Securities Litigation Reform Act of 1995 regarding, among other things, TCBI’s financial condition, results of operations, business plans and future performance. These statements are not historical in nature and may often be identified by the use of words such as “believes,” “projects,” “expects,” “may,” “estimates,” “should,” “plans,” “targets,” “intends” “could,” “would,” “anticipates,” “potential,” “confident,” “optimistic” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, trends, guidance, expectations and future plans. Because forward-looking statements relate to future results and occurrences, they are subject to inherent and various uncertainties, risks, and changes in circumstances that are difficult to predict, may change over time, are based on management’s expectations and assumptions at the time the statements are made and are not guarantees of future results. Numerous risks and other factors, many of which are beyond management’s control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there can be no assurance that any list of risks is complete, important risks and other factors that could cause actual results to differ materially from those contemplated by forward- looking statements include, but are not limited to: economic or business conditions in Texas, the United States or globally that impact TCBI or its customers; negative credit quality developments arising from the foregoing or other factors, including recent trade policies and their impact on our customers; 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 and new products and services and potential strategic 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, 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; the failure to identify, attract and retain key personnel and other employees; 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; 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 Full Year 2025 Highlights (Compared to Full Year 20241) Net Income to Common ($mm) GAAP $313.0 +$252.7 or 419% Adjusted2 $313.8 +$105.4 or 51% Net Interest Margin PPNR3 ($mm) GAAP $487.7 +$313.6 or 180% Adjusted2 $488.8 +$119.4 or 32% Capital Common Equity / Total Assets 10.56% +58bps Tangible Common Equity / Tangible Assets4 10.56% +58bps Fee Income From Areas of Focus ($mm) Investment Banking, Private Wealth, and Treasury Product Fees5 $191.9 +$14.2 or 8% Book Value per Share Book Value per Share $75.28 +$8.92 or 13% Tangible Book Value per Share6 $75.25 +$8.93 or 13% Credit Quality Balance Sheet & Capital Financial Results  Adjusted net income to common2 increased $105mm or 51%, with adjusted EPS2 increasing 53%  Adjusted pre-provision net revenue2,3 increased 32% to $488.8, a record high for the Firm  2025 adjusted return on average assets2 of 1.04%, a 30bps improvement compared to 2024  Commercial loan balances increased $1.1bn or 10%, supporting total loan growth of $1.6bn  Tangible common equity to tangible assets4 ended the year at 10.56%, a record high for the Firm  Repurchased 2.2mm shares or 4.9% of prior year shares outstanding at a weighted average price of approximately 114% of prior month tangible book value per share6  Criticized LHI declined $79mm or 11% YoY, with the percentage of total LHI declining 54bps to 2.64%  Full year net charge-offs totaled $47.2mm or 20bps of average LHI  2025 provision expense as a percentage of average LHI excl. mortgage finance of 31bps 3.35% +32bps FY 2025 Key Metrics EPS ROAA ROACE $6.80 +$2.37 or 53% 1.04% +30bps 9.6% +256bps 61.1% -564bps Efficiency Ratio8 $6.79 +$5.51 or 430% 1.04% +79bps 9.6% +755bps 61.2% -2,017bps GAAP Adjusted2 ROATCE7 9.6% +256bps 9.6% +755bps Record high in the history of the firm

4 Q4 2025 Highlights (Compared to Q4 20249) GAAP $96.3 +$29.6 or +44% Adjusted2 $94.6 +$27.9 or +42% GAAP $143.3 +$31.8 or +28% Adjusted2 $141.0 +$29.5 or +26% Investment Banking, Private Wealth, and Treasury Product Fees5 $51.3 +$5.6 or +12% Book Value per Share $75.28 +$8.92 or 13% Tangible Book Value per Share6 $75.25 +$8.93 or 13% Credit Quality Balance Sheet & Capital Financial Results 3.38% +45bps  Adjusted quarterly earnings per share2 grew $0.65 or 45% YoY to $2.08  Adjusted pre-provision net revenue2, 3 grew $29.5mm or 26% YoY, remaining near all-time highs  Q4 2025 adjusted return on average assets2 of 1.20%, a second consecutive quarter exceeding the 1.10% ROAA target  Tangible book value per share6 grew 13% YoY to $75.25, an all-time high for the Firm  Interest bearing deposits, excluding brokered and indexed, increased $1.7bn or 10% YoY  Quarterly interest bearing deposits cost declined 85bps YoY, supporting a 45bps improvement in net interest margin over the same period  Total ACL as a percentage of LHI of 1.38% and 1.82% when excluding mortgage finance  Net charge-offs for the quarter totaled $10.7mm or 18bps of average LHI  Non-performing assets remained near historical lows at 38bps of total assets Net Income to Common ($mm) Net Interest Margin Capital Fee Income From Areas of Focus ($mm) Book Value per Share Common Equity / Total Assets 10.56% +58bps Tangible Common Equity / Tangible Assets4 10.56% +58bps PPNR3 ($mm) $2.12 +$0.69 or 48% 1.22% +34bps 11.2% +267bps 56.2% -444bps $2.08 +$0.65 or 45% 1.20% +32bps 11.0% +247bps 56.9% -376bps EPS ROAA ROACE Efficiency Ratio8 Q4 2025 Key Metrics GAAP Adjusted2 11.2% +267bps 11.0% +248bps ROATCE7 Record high in the history of the firm

5 Q4 2025Non-GAAP2 Adjustments ($mm) 184.2 Non-Interest Expense 2.2FDIC Special Assessment 0.0Restructuring Expenses 0.0Legal Settlement 186.4Non-Interest Expense, Adj. Financial Performance // Income Statement Adjusted (Non-GAAP2) Adjusted (Non-GAAP2) Adjusted (Non-GAAP2)Financial Highlights ($mm) Q4 2025Q4 2025Q3 2025Q4 20242025202520242024 267.4 267.4 271.8 229.6 1,028.6 1,028.6 901.3 901.3 Net Interest Income 60.0 60.0 68.6 54.1 229.0 227.1 210.6 31.0 Non-Interest Revenue 327.5 327.5 340.4 283.7 1,257.7 1,255.8 1,111.9 932.3 Total Revenue 186.4 184.2 190.6 172.2 768.9 768.1 742.5 758.3 Non-Interest Expense 141.0 143.3 149.8 111.5 488.8 487.7 369.4 174.1 PPNR3 11.0 11.0 12.0 18.0 55.0 55.0 67.0 67.0 Provision for Credit Losses 31.1 31.6 32.6 22.5 102.7 102.5 76.8 29.6 Income Tax Expense 98.9 100.7 105.2 71.0 331.0 330.2 225.6 77.5 Net Income 4.3 4.3 4.3 4.3 17.3 17.3 17.3 17.3 Preferred Stock Dividends 94.6 96.3 100.9 66.7 313.8 313.0 208.3 60.3 Net Income to Common Q4 2025Q4 2025Q3 2025Q4 20242025202520242024Performance Metrics 1.20% 1.22% 1.30% 0.88% 1.04% 1.04% 0.74% 0.25% Return on Average Assets 1.72% 1.74% 1.85% 1.38% 1.54% 1.53% 1.21% 0.57% PPNR3 / Average Assets 56.9% 56.2% 56.0% 60.7% 61.1% 61.2% 66.8% 81.3% Efficiency Ratio8 11.0% 11.2% 12.0% 8.5% 9.6% 9.6% 7.0% 2.0% Return on Average Common Equity $2.08 $2.12 $2.18 $1.43 $6.80 $6.79 $4.43 $1.28 Earnings Per Share 20252024Non-GAAP2 Adjustments ($mm) 227.1 31.0Non-Interest Income 1.9179.6Loss on AFS Securities Sale 229.0 210.6Non-Interest Income, Adj. 768.1 758.3Non-Interest Expense 2.2(2.8)FDIC Special Assessment (1.4)(7.9)Restructuring Expenses 0.0(5.0)Legal Settlement 768.9 742.5Non-Interest Expense, Adj.

6 Balance Sheet Highlights ($mm) Ending Balances YoYQoQQ4 2025Q3 2025Q4 2024 Assets (34%)(32%)2,099 3,065 3,189 Cash and Equivalents 7% 3% 4,723 4,602 4,396 Total Securities 10% 2% 12,253 11,999 11,146 Commercial Loans (4%)(5%)5,396 5,697 5,616 CRE Loans (23%)(20%)434 540 565 Consumer Loans 16% 0% 6,064 6,058 5,216 Mortgage Finance Loans 7% (1%)24,147 24,294 22,543 Gross LHI (0%)(1%)(271)(274)(272)Allowance for Credit Losses on Loans 3% (3%)31,540 32,537 30,732 Total Assets Financial Performance // Quarterly Balance Sheet Highlights Q4 2025Q3 2025Q4 2024Performance Metrics 22% 24% 25% Cash & Securities % of Assets 51% 49% 49% Commercial Loans % of Gross LHI (333)(333)(325)Total Allowance for Credit Losses ($mm) 1.38% 1.37% 1.45% Total ACL / Total LHI YoYQoQQ4 2025Q3 2025Q4 2024 Liabilities (7%)(9%)6,959 7,690 7,485 Non-Interest Bearing Deposits 10% (2%)19,490 19,816 17,753 Interest Bearing Deposits 5% (4%)26,449 27,505 25,239 Total Deposits (63%)20% 330 275 885 Short-Term Borrowings 2% (3%)27,909 28,900 27,364 Total Liabilities Equity 4% (1%)3,396 3,421 3,251 Common Equity, Excl. AOCI (65%)(23%)(65)(84)(183)AOCI 8% (0%)3,631 3,637 3,368 Total Shareholder’s Equity (4%)(3%)44,253,688 45,679,863 46,233,812 Common Shares Outstanding Q4 2025Q3 2025Q4 2024 91% 88% 89% Total LHI % of Deposits 26% 28% 30% Non-Interest Bearing % of Deposits $75.28 $73.05 $66.36 Book Value Per Share $75.25 $73.02 $66.32 Tangible Book Value Per Share6

7 $3.5 $4.4 $5.2 $5.4 $4.0 $5.3 $5.5 $5.9 4% 15% 29% 54% 59% $4.2 $5.1 $5.5 $5.2 $4.7 $5.9 $6.1 $6.1 $5.6 $5.8 $5.7 $5.7 $5.4 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $11.1 $11.4 $11.9 $12.0 $12.3 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025  Total LHI increased $1.6bn or 7% YoY  Ending period commercial loans increased $1.1bn or 10% YoY  Broad based growth driven by sustained client onboarding  Ending period commercial loans increased $254mm QoQ or 8% annualized  Commercial real estate loans declined $221mm or 4% YoY as persistently high payoff rates and limited new volumes are expected to pressure portfolio balances through 2026  Multifamily comprises $2.2bn or 40% of CRE loans  Full year average mortgage finance loan balances increased 12% to $5.2bn  Average mortgage finance loans increased 8% QoQ as declining mortgage rates supported balances  Linked quarter period end balances flat, breaking from historical Q4 trends of lower end of period balances than average  At quarter end, 59% of the Firm’s mortgage finance loan balances were in enhanced credit structures, up from 54% at end of Q3 Loan Portfolio Composition Mortgage Finance Loans ($bn) Commercial Loans ($bn) Commercial Real Estate Loans ($bn) Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Average Period End Enhanced Credit Structures % of Period End

8 2.81% 2.76% 2.65% 2.62% 2.41% 2.61% 2.54% 2.41% 2.36% 2.18% 4.32% 3.97% 3.83% 3.76% 3.47% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $3.5 $3.4 $3.4 $3.4 $3.5 $3.3 $5.8 $4.5 $4.8 $4.9 $5.0 $3.7 $16.9 $17.4 $18.0 $19.0 $19.1 $18.8 $0.5 $0.5 $0.3 $0.0 $0.0 $0.7 $26.7 $25.7 $26.5 $27.4 $27.6 $26.4 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q4 2025 Q4 2025 EOP Deposit and Funding Composition  Total deposit balances increased $1.2bn or 5% YoY as interest bearing deposit growth continued  Total deposit balances decreased $1.1bn QoQ driven by predictable, seasonal mortgage finance deposit reductions related to escrow accounts  Non-interest bearing, excl. MF10 deposits increased $233mm or 8% QoQ to $3.3bn  Average MF10 non-interest bearing deposits increased $78mm linked quarter to $5.0bn, representing 85% of average mortgage finance loans in Q4 2025 compared to 107% in Q4 of last year  End of period deposit balances decreased by $963mm or 21% consistent with historical seasonal trends in the fourth quarter  The majority of MF10 non-interest bearing deposits are compensated through relationship pricing which results in application of an interest credit to either the client’s mortgage finance or commercial loan yield  Average cost of interest bearing deposits declined 29bps to 3.47%  Cumulative beta of 67% since the beginning of the easing cycle inclusive of the late quarter rate cut Average Deposit Trends ($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 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 ($0.8)$5.0 $4.9 $4.8 $4.5 $5.8 Average MF10 Non-Interest Bearing Deposits ($bn) $0.5 $5.9 $5.5 $5.3 $4.0 $5.4 Average MF10 Loans ($bn) (22%)85% 90% 91% 113% 107% MF10 Self Funding Ratio

9 (12.5%) (12.9%) (6.4%) (6.7%) 4.0% 3.6% 7.7% 6.8% (10.0%) (8.0%) (6.0%) (4.0%) (2.0%) 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Q3 2025 Q4 2025 -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: ~60%  Investment Portfolio: Ratio held constant Net Interest Income Sensitivity – Static Balance Sheet ($mm) $1,009mm$1,059mmBase NII12 Q4 2025Q3 2025 YieldBalance ($mm)YieldBalance ($mm) 3.95% $2,994 4.38% $2,920 Interest Bearing Cash and Equivalents 3.98% 4,629 4.14% 4,635 Securities 6.70% 18,177 6.95% 18,253 LHI Excl. Mortgage Finance LHI 4.13% 5,891 4.32% 5,472 Mortgage Finance LHI --(278)--(277)ACL on Loans 5.61% $31,414 5.88% $31,004 Earning Assets  94% of LHI excl. mortgage finance LHI is variable rate  $1.1bn of loans are fixed rate with 13% maturing or repricing in the next 12 months  Duration of the securities portfolio is approx. 4 years with Q4 cash flows of $181mm  Added $700mm of 2 year receiving fixed swaps with a weighted average receive rate of 3.34% against 1-month SOFR during the quarter, and an additional $400mm at 3.32% starting in 1Q Impacts of Mortgage Finance  Mortgage finance LHI represents 14% of the average total LHI portfolio with the majority tied to 1-month SOFR which declined 44bps in Q4  Given the current outlook and observed seasonality, the average mortgage finance self funding ratio is expected to remain near 85% in Q1  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 warehouse volumes in either a lower or higher rate environment $81 $43 ($68) ($133) $69 $37 ($68) ($130) Receive Rate Average Notional Balance ($bn) 3.52%1.1Q4 2025 3.46%1.9Q1 2026 3.47%1.7Q2 2026 3.47%1.7Q3 2026 3.47%1.7Q4 2026 3.47%1.7Q1 2027 3.47%1.7Q2 2027 Hedging Profile Earning Assets Profile (Average)

10 $97.9 $131.6 $118.8 $119.9 $108.9 $74.3 $71.4 $70.1 $70.7 $77.6 $1.4 ($2.2) $172.2 $203.0 $190.3 $190.6 $184.2 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $229.6 $236.0 $253.4 $271.8 $267.4 $54.1 $44.4 $54.1 $68.6 $60.0 $1.9$283.7 $280.5 $307.5 $340.4 $327.5 2.93% 3.19% 3.35% 3.47% 3.38% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 $271.8 ($1.2) ($13.0) $4.4 ($2.6) $0.9 ($4.8) ($0.6) $14.1 ($1.6) $267.4 Q3 2025 Loans Excl MF Volume Loans Excl MF Yield MF Loan Volume MF Yield Loan Fees Investment Securities & Cash Interest Bearing Deposits Volume Interest Bearing Deposit Cost Borrowings Q4 2025 57% 65% 62% 63% Q4-2025 Earnings Overview Net Interest Income ($mm) Total Revenue ($mm) Non-Interest Expense ($mm) 59% 10 10 10 10 42% 35% 37% Salaries & Benefits Other NIE Non-Recurring Items2Net Interest Income Non-Recurring Items2 43% 37% 1% (1%) Non-Interest Income Net Interest Margin  Net interest income declined 1.6% QoQ driven by seasonal warehouse factors and known timing differences between loan and deposit betas  Quarterly net interest margin improved 45bps YoY  Full year non-interest income of $227.1mm, up $196.1mm, with adjusted non-interest income2 of $229.0mm, rising $18.4mm or 9% to record levels  Adjusted non-interest expense2 grew 8% YoY driven by higher salaries and benefits expense aligned to focused areas of investment

11 60% Investment Banking & Trading 7% Wealth 18% Treasury5 15% Other 58% Investment Banking & Trading 7% Wealth 20% Treasury5 16% Other (1%) Non-Recurring Fee Income Non-Interest Income Annual GrowthFY 2025FY 2024Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024 7%$4.2 $4.0 $4.2 $4.2 $4.1 $3.8 $4.0 Assets Under Management13 ($bn) 4%$15.9 $15.3 $4.2 $4.0 $3.7 $4.0 $4.0 Wealth Management & Trust Fee Income ($mm) 24%$44.4$35.8 $11.1$11.1 $11.6 $10.6 $9.5 Treasury Product Fees5 ($mm) 4%$131.7 $126.6 $36.0 $41.2 $32.0 $22.4 $32.2 Investment Banking & Trading Income ($mm) 8%$191.9 $177.7 $51.3 $56.3 $47.3 $37.0 $45.7 Income from Areas of Focus ($mm) $54.1 $44.4 $54.1 $68.6 $60.0 $56.0 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Non-Interest Income ($mm) % of Total Revenue, Adj.2 19% 16% 18% 20% 18% Non-Interest Income Non-Interest Income, Adj.2 Non-Interest Income Composition Q4 2025 FY 2025  Fee income from areas of focus grew 8% in 2025 to $191.9mm, a record high for the Firm  Assets Under Management13 rose 7% YoY, supporting full year Wealth Management & Trust Fee growth of 4%  Full year Treasury Product Fees5 increased $8.6mm or 24% in 2025  Gross PxV expanded 12% in 2025, exceeding 10% growth in 4 of the last 5 years  Quarterly Treasury Product Fees5 up 16% or $1.5mm YoY  IB Transaction volume across capital markets, capital solutions, and syndications increased nearly 40% YoY as platform scales

12 79% 80% 92% 91% 84% 20% 20% 8% 9% 16% 1% $278.3 $278.7 $297.5 $280.1 $288.3 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 70% 71% 64% 51% 40% 30% 28% 34% 48% 60% 1% 2% 1% $435.6 $484.2 $339.9 $249.6 $346.6 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2.9x 3.5x 2.8x 1.45% 1.37% 1.38% 1.87% 1.79% 1.82% Q4 2024 Q3 2025 Q4 2025 0.36% 0.30% 0.36% 0.30% 0.38% 0.22% 0.18% 0.22% 0.23% 0.18% 3.18% 3.41% 2.66% 2.19% 2.64% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Asset Quality Trends Allowance for Credit Loss Reserve Ratios Asset Quality Ratios Special Mention Composition ($mm) Substandard Composition ($mm) $10.7 $13.7 $13.0 $9.8 $12.1 Net Charge-Offs ($mm) Total ACL / Non- accrual Loans HFI  Total ACL increased to $332.8mm  Total ACL, excl. MF10 increased $2.8mm QoQ to $326.6mm  Total ACL, excl. MF10 to LHI, excl. MF10 in the top decile among Peers14 Total ACL to LHI ratio  $10.7mm of quarterly net charge-offs, 0.18% of average LHI, primarily related to previously identified problem credits  Quarterly provision expense as a percentage of average LHI of 18bps and FY 2025 provision expense as a percentage of average LHI of 24bps  Quarterly provision expense as a percentage of average LHI excl. MF10 of 24bps  FY 2025 provision expense as a percentage of average LHI excl. MF10 of 31bps  Criticized LHI declined $79mm or 11% YoY, with the percentage of total LHI declining 54bps to 2.64%  Special mention LHI declined $89mm or 20% YoY  QoQ increase in special mention related to select multifamily credits requiring ongoing rental concessions to gain or maintain occupancy, impacting net operating income in spite of strong sponsor supportCommercial Mortgage Finance Real Estate ConsumerCommercial Mortgage Finance Real Estate Consumer Total ACL / LHI Total ACL, Excl. MF10 / LHI Excl. MF10 Q4 2024 Q3 2025 Q4 2025 Criticized / LHI NPAs / Total Assets NCOs / Avg. LHI

13 11.38% 11.63% 11.45% 12.14% 12.13% >11.00% 1.44% 1.46% 1.41% 1.46% 1.47% 2.55% 2.51% 2.44% 2.50% 2.52% 15.37% 15.61% 15.30% 16.10% 16.12% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 2026 Guidance 9.98 9.97 10.04 10.25 10.56 9.98 9.98 10.05 10.26 10.56 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 66.32 67.97 70.14 73.02 75.25 66.36 68.00 70.17 73.05 75.28 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Tangible Common Equity / Tangible Assets4 Common Equity / Total Assets 2026 Guidance Capital Position and Trends  Delivered strong improvement in capital ratios, with CET1 improving 75bps and tangible common equity to tangible assets improving 58bps YoY, reflecting disciplined balance sheet management and earnings momentum  Tangible common equity to tangible assets4 ended the quarter at 10.56%, 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 quintile of peer group14  Tangible book value per share6 expanded $2.23 or 3% QoQ as a result of income generated and AOCI improvement  TBVPS6 of $75.25 is an all-time high for the Firm  Repurchased 1.4mm shares in Q4 for a total of $125mm at a weighted average price of approximately 117% of prior month tangible book value per share6  2025 share repurchases total 4.9% of prior year shares outstanding at a weighted average price of approximately 114% of prior month tangible book value per share6  Authorized share repurchase program of up to $200mm for 2026 Regulatory Capital Levels Tangible Common Equity / Tangible Assets4 (%) Period End AOCI ($mm) (65)(84)(113)(136)(183) AOCI per Share ($) (1.46)(1.84)(2.47)(2.96)(3.96) Peer14 Tangible Common Equity / Tangible Assets4 (%) 8.558.468.258.10 CET1 Tier 1 Capital Tier 2 Capital Tangible Book Value per Share6 Book Value per Share Tangible Book Value per Share6 ($)

14 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 cuts in June and October with an exit rate of 3.25% at year end 2026  Tax rate expected to be approximately 25% for the full year in 2026 Guidance Commentary

15 1. Comparisons vs. FY 2024 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 FX transactions, all of which are included in other non-interest income and totaled $10.2mm for FY 2024, and $11.8mm for FY 2025 and $2.5mm, $2.8mm, $3.4mm, $3.0mm, and $2.6mm for Q4 2024, Q1 2025, Q2 2025, Q3 2025, and Q4 2025 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. Comparisons vs. Q4 2024 GAAP and adjusted metrics unless otherwise noted 10. “MF” used as abbreviation for Mortgage Finance 11. Model assumptions are only for Q4 2025; 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 Q3 2025 15. Forward curve as of January 5, 2026 Appendix // Footnotes

16 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 Change20252024YoY ChangeQ4 2025Q4 2024 Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported ($mm, unless noted otherwise) $105.4 $252.7 $313.8 $313.0 $208.3 $60.3 $27.9 $29.6 $94.6 $96.3 $66.7 $66.7 Net Income to Common $308.9 $308.9 $3,264.4 $3,264.4 $2,955.5 $2,955.5 $299.1 $299.1 $3,420.0 $3,420.0 $3,120.9 $3,120.9 Average Common Equity 0.0 0.0 1.5 1.5 1.5 1.5 0.0 0.0 1.5 1.5 1.5 1.5 Less: Average Goodwill & Intangibles $308.9 $308.9 $3,262.9 $3,262.9 $2,954.0 $2,954.0 $299.1 $299.1 $3,418.5 $3,418.5 $3,119.4 $3,119.4 Average Tangible Common Equity 2.6%7.5%9.6%9.6%7.0%2.0%2.5%2.7%11.0%11.2%8.5%8.5%ROACE 2.6%7.6%9.6%9.6%7.1%2.0%2.5%2.7%11.0%11.2%8.5%8.5%ROATCE

17 Non-GAAP Reconciliation // Adjusted Earnings & Ratios YoY ChangeFY 2025 FY 2024 YoY Change Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 ($mm, except per share) $127.3 $1,028.6 $901.3 $37.8 $267.4 $271.8 $253.4 $236.0 $229.6 Net Interest Income 196.1 227.1 31.0 6.0 60.0 68.6 54.1 44.4 54.1 Non-Interest Revenue Adjustments for Non-Recurring Items: (177.7)1.9 179.6 ---1.9 --Loss on AFS Securities Sale 18.4 229.0 210.6 6.0 60.0 68.6 56.0 44.4 54.1 Non-Interest Revenue, Adjusted 323.4 1,255.8 932.3 43.8 327.5 340.4 307.5 280.5 283.7 Total Revenue1 145.7 1,257.7 1,111.9 43.8 327.5 340.4 309.4 280.5 283.7 Total Revenue, Adjusted1 9.8 768.1 758.3 12.0 184.2 190.6 190.3 203.0 172.2 Non-Interest Expense Adjustments: 6.5 (1.4)(7.9)---(1.4)--Restructuring Expense 5.0 -(5.0)------Legal Settlement 5.1 2.2 (2.8)2.2 2.2 ----FDIC Special Assessment 26.4 768.9 742.5 14.3 186.4 190.6 188.9 203.0 172.2 Non-Interest Expense, Adjusted 313.6 487.7 174.1 31.8 143.3 149.8 117.2 77.5 111.5 PPNR2 119.4 488.8 369.4 29.5 141.0 149.8 120.5 77.5 111.5 PPNR, Adjusted2 (12.0)55.0 67.0 (7.0)11.0 12.0 15.0 17.0 18.0 Provision for Credit Losses 72.9 102.5 29.6 9.1 31.6 32.6 24.9 13.4 22.5 Income Tax Expenses (47.0)0.2 47.2 (0.5)(0.5)-0.8 --Tax Impact of Adjustments Above 25.9 102.7 76.8 8.6 31.1 32.6 25.6 13.4 22.5 Income Tax Expenses, Adjusted 252.7 330.2 77.5 29.6 100.7 105.2 77.3 47.0 71.0 Net Income3 105.4 331.0 225.6 27.9 98.9 105.2 79.8 47.0 71.0 Net Income, Adjusted3 -17.3 17.3 -4.3 4.3 4.3 4.3 4.3 Preferred Stock Dividends 252.7 313.0 60.3 29.6 96.3 100.9 73.0 42.7 66.7 Net Income to Common4 105.4 313.8 208.3 27.9 94.6 100.9 75.5 42.7 66.7 Net Income to Common, Adjusted4 $1,214.9 $31,828.1 $30,613.2 $394.2 $32,606.3 $32,162.7 $31,419.5 $31,103.6 $32,212.1 Average Assets 0.79% 1.04% 0.25% 0.34% 1.22% 1.30% 0.99% 0.61% 0.88% Return on Average Assets 0.30% 1.04% 0.74% 0.32% 1.20% 1.30% 1.02% 0.61% 0.88% Return on Average Assets, Adjusted 0.96% 1.53% 0.57% 0.36% 1.74% 1.85% 1.50% 1.01% 1.38% PPNR2 / Average Assets 0.33% 1.54% 1.21% 0.34% 1.72% 1.85% 1.54% 1.01% 1.38% PPNR, Adjusted2 / Average Assets $308.9 $3,264.4 $2,955.5 $299.0 $3,420.0 $3,324.2 $3,195.0 $3,114.4 $3,120.9 Average Common Equity 7.55% 9.59% 2.04% 2.68% 11.18% 12.04% 9.17% 5.56% 8.50% Return on Average Common Equity 2.56% 9.61% 7.05% 2.47% 10.98% 12.04% 9.48% 5.56% 8.50% Return on Average Common Equity, Adjusted (861,829)46,127,375 46,989,204 (1,261,591)45,509,370 46,233,167 46,215,394 46,616,704 46,770,961 Diluted Common Shares $5.51 $6.79 $1.28 $0.69 $2.12 $2.18 $1.58 $0.92 $1.43 Earnings per Share $2.37 $6.80 $4.43 $0.65 $2.08 $2.18 $1.63 $0.92 $1.43 Earnings per Share, Adjusted (20.2%)61.2%81.3%(4.4%)56.2%56.0%61.9%72.4%60.7%Efficiency Ratio5 (5.6%)61.1%66.8%(3.8%)56.9%56.0%61.1%72.4%60.7%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