Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
The Company’s common stock is traded on The Nasdaq Global Select Market under the symbol “TCBI”. On February 9, 2026, there were approximately 115 holders of record of the Company’s common stock. The Company has not paid any cash dividends on its common stock since it commenced operations.
Stock Performance Graph
The following table and graph set forth the cumulative total stockholder return for the Company’s common stock for the five-year period ending on December 31, 2025, 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). The Russell 2000 Index (Bloomberg: RTY), Nasdaq Bank Index (Bloomberg: CBNK) and KBW Bank Index (Bloomberg: BKX) are based on total returns assuming reinvestment of dividends. The graph assumes an investment of $100 on December 31, 2020. The performance graph represents past performance and should not be considered to be an indication of future performance.
12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Texas Capital Bancshares, Inc. $ 100.00 $ 101.26 $ 101.36 $ 108.62 $ 131.43 $ 152.17
Russell 2000 Index 100.00 113.65 89.54 103.21 113.35 126.12
Nasdaq Bank Index 100.00 139.01 113.76 107.12 124.82 129.40
KBW Bank Index 100.00 133.22 102.24 98.31 129.57 166.20
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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The Company repurchased shares of its common stock in the open market during 2025 as follows:
Total Number of Approximate Dollar Value
Shares Purchased as Part of Shares That May Yet
Total Number of Average Price Paid of Publicly Announced Be Purchased Under the
Shares Purchased per Share(1) Plans or Programs Plans or Programs(1)
Total first quarter 2025
396,106 $ 78.25 396,106 $ 169,003,778
Total second quarter 2025
317,860 $ 65.50 317,860 $ 148,183,554
Total third quarter 2025
87,087 $ 80.49 87,087 $ 141,174,282
Fourth Quarter
October 2025
197,237 $ 82.70 197,237 $ 124,862,200
November 2025
998,464 85.98 998,464 39,012,818
December 2025
249,511 93.08 249,511 200,000,000
Total fourth quarter 2025
1,445,212 $ 86.76 1,445,212 $ 200,000,000
Total 2025
2,246,265 $ 82.01 2,246,265 $ 200,000,000
(1) The approximate dollar value of shares that may yet be purchased under the plans or programs and average price paid per share do not include the effect of excise tax expense incurred on net stock repurchases.
On January 22, 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, excluding the effect of excise tax expense incurred on net stock repurchases. The remaining repurchase authorization under the January 17, 2024 share repurchase program was terminated upon authorization of this new program.
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, excluding the effect of excise tax expense incurred on net stock repurchases. The share repurchase program will expire on December 31, 2026, but may be suspended or discontinued at any time. The remaining repurchase authorization under the January 22, 2025 share repurchase program was terminated upon authorization of this new program.
Any repurchases under the Company’s repurchase program will be made in accordance with applicable securities laws from time to time in open market or private transactions. The extent to which the Company repurchases shares, and the timing of such repurchases, will be at management’s discretion and will depend upon a variety of factors, including market conditions, the Company’s capital position and amount of retained earnings, regulatory requirements and other considerations.
ITEM 6. [RESERVED]
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