MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: Our common stock is traded on The Nasdaq Global Select Market under the symbol “TCBI”.
−Removed: On February 8, 2022, there were approximately 158 holders of record of our common stock.
−Removed: We have not paid any cash dividends on our common stock since we commenced operations and have no plans to do so in the foreseeable future.
+Added: The Company’s common stock is traded on The Nasdaq Global Select Market under the symbol “TCBI”.
+Added: On February 8, 2023, there were approximately 150 holders of record of the Company’s common stock.
+Added: The Company has not paid any cash dividends on its common stock since it commenced operations and has no plans to do so in the foreseeable future.
Stock Performance Graph
−Removed: The following table and graph sets forth the cumulative total stockholder return for the Company’s common stock for the five-year period ending on December 31, 2021, compared to an overall stock market index (Russell 2000 Index) and the Company’s peer group index (Nasdaq Bank Index).
−Removed: The Russell 2000 Index and Nasdaq Bank Index are based on total returns assuming reinvestment of dividends.
+Added: The following table and graph sets forth the cumulative total stockholder return for the Company’s common stock for the five-year period ending on December 31, 2022, compared to an overall stock market index (Russell 2000 Index) and two of the Company’s peer group indexes (Nasdaq Bank Index and KBW Bank Index).
+Added: The Russell 2000 Index (Bloomberg:
+Added: RTY), Nasdaq Bank Index (Bloomberg:
+Added: CBNK) and KBW Bank Index (Bloomberg:
+Added: BKX) are based on total returns assuming reinvestment of dividends.
The graph assumes an investment of $100 on December 31, 2017.
3 unchanged sentences
$ 100.00 $ 57.47 $ 63.86 $ 66.93 $ 67.77 $ 67.84
−Removed: Russell 2000 Index (RTY) 100.00 113.05 99.59 122.97 145.09 164.90
−Removed: Nasdaq Bank Index (CBNK) 100.00 103.66 85.75 103.79 93.14 129.47
+Added: Russell 2000 Index 100.00 88.09 108.77 128.34 145.86 114.91
+Added: Nasdaq Bank Index 100.00 82.73 100.13 89.85 124.91 102.22
+Added: KBW Bank Index 100.00 80.67 107.28 93.40 124.43 95.49
+Added: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: On April 19, 2022, the Company’s board of directors authorized the Company to repurchase up to $150.0 million of its outstanding shares of common stock.
+Added: The table below provides information of share repurchases for the year ended December 31, 2022.
+Added: Total Number of Approximate Dollar Value
+Added: Shares Purchased as Part of Shares That May Yet
+Added: Total Number of Average Price Paid of Publicly Announced Be Purchased Under the
+Added: Shares Purchased per Share Plans or Programs Plans or Programs(1)
+Added: May 2022 902,418 $ 53.22 902,418 $ 101,975,648
+Added: June 2022 39,461 50.66 39,461 99,976,436
+Added: July 2022 — — — 99,976,436
+Added: August 2022 — — — 99,976,436
+Added: September 2022 — — — 99,976,436
+Added: October 2022 — — — 99,976,436
+Added: November 2022 — — — 99,976,436
+Added: December 2022 1,141,239 57.20 1,141,239 34,697,754
+Added: Total 2,083,118 $ 55.35 2,083,118 $ 34,697,754
+Added: In January 2023, the Company repurchased 564,206 shares of common stock at a weighted average price of $61.50, completing the full $150.0 million of repurchases authorized by the Company’s board of directors on April 19, 2022.
+Added: On January 18, 2023, the Company’s board of directors authorized a new share repurchase program under which the Company may repurchase up to $150.0 million in shares of outstanding common stock.
+Added: Any repurchases under the repurchase program will be made in accordance with applicable securities laws from time to time in open market or private transactions.
+Added: The extent to which we repurchase shares, and the timing of such repurchases, will be at management’s discretion and will depend upon a variety of factors, including market conditions, our capital position and amount of retained earnings, regulatory requirements and other considerations.
+Added: No time limit was set for the completion of the share repurchase program, and the program may be suspended or discontinued at any time.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.