Texas Capital Bancshares, Inc. · NASDAQ:TCBI
Texas Capital Bancshares — IPO Roadshow (February 2026)
29 slides from Texas Capital Bancshares's IPO roadshow presentation, Feb 24, 2026
Slide 1: Fixed Income Investor Presentation
© 2026 Texas Capital Bank Member FDIC February 2026 Fixed Income Investor Presentation Free Writing Prospectus Filed Pursuant to Rule 433 Registration No. 333-277061
Slide 2: Disclaimers
2 Disclaimers This presentation has been prepared by Texas Capital Bancshares, Inc. ("TCBI") solely for informational purposes and information contained herein constitutes confidential information and is provided to you on the condition that you will hold it in strict confidence and not reproduce, d
Slide 3: Disclaimers (Continued)
3 Disclaimers (Continued) Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures that are not calculated in accordance with GAAP and adjust for certain items that management believes are non-operating in nature and not representative of TCBI’s actual operating per
Slide 4: Today's Presenters
4 Today’s Presenters Matt Scurlock Chief Financial Officer Joe Bond Corporate Treasurer David Youngberg Chief Credit Officer
Slide 5: Texas Capital Bancshares, Inc. Company Snapshot
5 Texas Capital Bancshares, Inc. Company Snapshot Financial Highlights Q4 2025 Franchise Overview $32bn Total Assets BBB- S&P Rating Baa3 Moody’s Rating 1.20 % ROAA 10.6 % TCE / TA #3 Largest Bank Headquartered in Texas by Deposit Market Share2 #2 Arranger of Middle-Market Loan Syndications Nationwi
Slide 6: Our Vision and Goals
6 Our Vision and Goals To be the flagship financial services firm in Texas serving the best clients in our markets Employer of choice in Texas for people interested in growing their career in financial services Strong execution on the core set of financial products coupled with industry expertise an
Slide 7: Q4 2025 Highlights (Compared to Q4 2024)
7 Q4 2025 Highlights (Compared to Q4 2024) GAAP $96.3 +$29.6 or +44% Adjusted1 $94.6 +$27.9 or +42% GAAP $143.3 +$31.8 or +28% Adjusted1 $141.0 +$29.5 or +26% Investment Banking, Private Wealth, and Treasury Product Fees3 $51.3 +$5.6 or +12% Credit Quality Balance Sheet & Capital Financial Results 3
Slide 8: Key Credit Highlights
8 Key Credit Highlights Experienced management team with proven record of business transformation2 Texas-centric operating model with leading capabilities and highly desirable markets1 Limited CRE exposure and diversified C&I lending with attractive risk-adjusted returns5 Resilient balance sheet wit
Slide 9: Banking the Best Clients in the Best Markets
9 Banking the Best Clients in the Best Markets Dallas-Fort Worth San Antonio San Antonio picture $13.1bn Texas Capital Deposits # 4 / # 1 Deposit Rank1 Overall / TX HQ 3.1 % Deposit Market Share 7.3 % 5yr Projected Population Growth $96k Median Household Income $0.7bn Texas Capital Deposits # 13 / #
Slide 10: Proven Executive Leadership with Large Top-Tier Financial Institution Experience
10 Proven Executive Leadership with Large Top-Tier Financial Institution Experience Footnotes for slide Rob Holmes Chairman, President & Chief Executive Officer Tenure: 5 years Experience: 30+ years Anna Alvarado-Pearce Chief Legal Officer & Corporate Secretary Tenure: 4 years Experience: 15+ years
Slide 11: Business lines overview
11 ▪ Corporate Banking – Supports largest in-footprint companies across various sectors ▪ Investment Banking – Provides strategic industry knowledge and capital markets expertise ▪ Sales & Trading – Dallas-based trading floor and operations help facilitate substantial securities trading volumes and
Slide 12: Uniquely Positioned as the Only Full-Service Firm Headquartered in Texas
12 Uniquely Positioned as the Only Full-Service Firm Headquartered in Texas Footnotes for slide Source: Company Websites Commercial Banking Investment Banking & Capital Markets Sales & Trading Investment Advisory Credit Facilities Asset Mgmt Services Treasury Services Consumer Banking M&A Advisory I
Slide 13: Durable Growing Revenues and Well-Managed Expense Base
13 $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) $267.4 Q3 2025 Loans Excl MF Volume Loans Excl MF Yield M
Slide 14: Diversified, High-Quality Non-Interest Income
14 58% 7% 20% 16% (1%) Diversified, High-Quality Non-Interest Income Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 FY 2024 FY 2025 Annual Growth Assets Under Management3 ($bn) $4.0 $3.8 $4.1 $4.2 $4.2 $4.0 $4.2 7% Wealth Management & Trust Fee Income ($mm) $4.0 $4.0 $3.7 $4.0 $4.2 $15.3 $15.9 4% Treasury
Slide 15: Capital Position and Trends
15 11.4% 11.6% 11.5% 12.1% 12.1% 1.4% 1.5% 1.4% 1.5% 1.5% 2.6% 2.5% 2.4% 2.5% 2.5% 15.4% 15.6% 15.3% 16.1% 16.1% Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Tangible Common Equity / Tangible Assets1 Common Equity / Total Assets Capital Position and Trends ◼ Delivered strong improvement in capital ratios
Slide 16: Deposit and Funding Composition
16 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 $26.4 Q4 20
Slide 17: High Quality Investment Securities Portfolio
17 84 % 16 % High Quality Investment Securities Portfolio Securities Portfolio Composition Average Securities Portfolio Balances & Yields ($ in billions) $37mm / 13 bps Unrealized A-T Loss on AFS Securities ($ / % of RWA) $86mm / 31 bps Unrealized A-T Loss on HTM Securities1 ($ / % of RWA) ~4 Years
Slide 18: Strong Liquidity Profile with Ample Funding Capacity
18 2.1 0.1 7.2 1.5 9.2 $ 20.0 Strong Liquidity Profile with Ample Funding Capacity #191947 #7F7F7F #2F5597 #C7C8CA Loans HFI to Deposits Ratio Cash & Securities2 / Total Assets #EDEDED #DEEBF7 Unused Fed Borrowings Capacity Unused Federal Funds Lines FHLB Borrowing Capacity3 Cash Total Available Liq
Slide 19: Loan Portfolio Growth
19 $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 $1.6bn or 7% YoY ◼ Ending period commerci
Slide 20: Diverse Commercial Loan Portfolio Representative of the Firm's Markets
20 74 % 6 % 7 % 6 % 7 % NDFI Portfolio Commercial Loan Portfolio Detail (Excl. CRE) Diverse Commercial Loan Portfolio Representative of the Firm’s Markets Total Commercial Loan Composition Breakdown ($bn) Commercial Loans ($mm) Q4 2025 % of Total Loans Financials (Excluding Banks) $3,764 15.5% Oil &
Slide 21: Asset Quality Trends
21 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 $346.6 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Asset Quality Trends Reserves / Loans Asset Quality Ratio
Slide 22: Appendix
Appendix &) Texas Capital Bancshares, Inc. 2
Slide 23: Financial Performance Income Statement Highlights
23 Non-GAAP1 Adjustments ($mm) Q4 2025 Non-Interest Expense 184.2 FDIC Special Assessment 2.2 Restructuring Expenses 0.0 Legal Settlement 0.0 Non-Interest Expense, Adj. 186.4 Financial Performance // Income Statement Financial Highlights ($mm) Adjusted (Non-GAAP1) Adjusted (Non-GAAP1) Adjusted (Non-
Slide 24: Quarterly Balance Sheet Highlights
24 Balance Sheet Highlights ($mm) Ending Balances Q4 2024 Q3 2025 Q4 2025 QoQ YoY Assets Cash and Equivalents 3,189 3,065 2,099 (32%) (34%) Total Securities 4,396 4,602 4,723 3% 7% Commercial Loans 11,146 11,999 12,253 2% 10% CRE Loans 5,616 5,697 5,396 (5%) (4%) Consumer Loans 565 540 434 (20%) (23
Slide 25: Appendix Footnotes
25 Slide 5 Source: S&P Global 1. See slide: Non-GAAP Reconciliation // Adjusted Earnings & Ratios 2. Market rank of Texas headquartered banks, excluding brokerages 3. Commercial real estate loans as defined in the regulatory agencies guidance on commercial real estate (CRE) as a percent of total ris
Slide 26: Appendix Footnotes (Continued)
26 Slide 14 1. See slide: Non-GAAP Reconciliation // Adjusted Earnings & Ratios 2. 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 $10.
Slide 27: Appendix Footnotes (Continued)
27 Slide 23 1. See slide: Non-GAAP Reconciliation // Adjusted Earnings & Ratios 2. Non-interest expense divided by the sum of net interest income and non-interest income Slide 24 1. Inclusive of both AFS and HTM securities 2. Stockholders’ equity excluding preferred stock, less goodwill and intangib
Slide 28: Non-GAAP Reconciliation: Return on Average Tangible Common Equity (ROATCE)
28 Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE) ROATCE is a non-GAAP financial measure. ROATCE represents the measure of net income available to common shareholders as a percentage of average tangible common equity. ROATCE is used by management in assessing financial
Slide 29: Non-GAAP Reconciliation: Adjusted Earnings & Ratios
29 Non-GAAP Reconciliation // Adjusted Earnings & Ratios ($mm, except per share) Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 YoY Change FY 2024 FY 2025 YoY Change Net Interest Income $229.6 $236.0 $253.4 $271.8 $267.4 $37.8 $901.3 $1,028.6 $127.3 Non-Interest Revenue 54.1 44.4 54.1 68.6 60.0 6.0 31.0 22
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