United States of America – Page 120

Syria’s Sharaa vows to protect Druze rights as ceasefire holds

Source: Government of India

Source: Government of India (4)

Syrian leader Ahmed al-Sharaa accused Israel of trying to fracture Syria and promised to protect its Druze minority on Thursday, after U.S. intervention helped end deadly fighting between government forces and Druze fighters in the south.

Overnight, the Islamist-led government’s troops withdrew from the predominantly Druze city of Sweida, where scores of people have been killed in days of conflict.

One local journalist said he’d counted more than 60 bodies in the streets of Sweida on Thursday morning. Ryan Marouf of Suwayda24 told Reuters he had found a family of 12 people killed in one house, including women and an elderly man. “People are looking for bodies,” he said in a voice recording.

Violence in Syria escalated sharply on Wednesday as Israel launched airstrikes in Damascus,while also hitting government forces in the south, demanding they withdraw and saying Israel aimed to protect Syrian Druze -part of asmall but influential minority that also has followers in Lebanon and Israel.

Israel, which bombed Syria frequently under the rule of ousted President Bashar al-Assad, has struck the country repeatedly this year, describing its new leaders as barely disguised jihadists and saying it will not allow them to deploy forces in areas of southern Syria near its border.

Addressing Syrians on Thursday, interim President Sharaa accused Israel of seeking to “dismantle the unity of our people”, saying it had “consistently targeted our stability and created discord among us since the fall of the former regime”.

Sharaa, who was commander of an al Qaeda faction before cutting ties with the group in 2016, said protecting Druze citizens and their rights was “our priority” and rejected any attempt to drag them into the hands of an “external party”.

He also vowed to hold to account those who committed violations against “our Druze people”.

The Syrian Network for Human Rights said it had documented 193 dead in four days of fighting, among them medical personnel, women and children.

The Network’s head Fadel Abdulghany told Reuters the figure included cases of field executions by both sides, Syrians killed by Israeli strikes and others killed in clashes but that it would take time to break down the figures for each category.

A Reuters reporter saw government fighters loot and burn homes during this week’s violence, including just before they departed Sweida overnight. Fighters also shaved off the moustaches of Druze men.

Moustaches are worn by Druze sheikhs and many other Druze men as a symbol of religious and cultural identity with spiritual significance.

U.S. Secretary of State Marco Rubio said late on Wednesday the United States had engaged all the parties involved and that steps had been agreed that would end “this troubling and horrifying situation”.

Sharaa credited U.S. Arab and Turkish mediation for saving “the region from an uncertain fate”. A Turkish security source said Ankara played a crucial role in securing the ceasefire.

The violence has underlined the challenges that Sharaa faces in stabilizing Syria and exerting centralised rule over the country, despite his warming ties with the United States and his administration’s evolving security contacts with Israel.

Sharaa faces challenges to stitch Syria back together in the face of deep misgivings from groups that fear Islamist rule. In March, mass killings of members of the Alawite minority exacerbated the mistrust. The Druze follow a religion that is an offshoot of Islam.

ISRAELI STRIKES

Israel’s airstrikes on Wednesday blew up part of Syria’s defence ministry and hit near the presidential palace as it vowed to destroy government forces attacking Druze in southern Syria.

“We will not allow southern Syria to become a terror stronghold,” said Eyal Zamir, Israel’s military chief of staff.

The United Nations Security Council will meet on Thursday to address the conflict, diplomats said.

“The council must condemn the barbaric crimes committed against innocent civilians on Syrian soil,” said Israel’s ambassador to the U.N., Danny Danon. “Israel will continue to act resolutely against any terrorist threat on its borders, anywhere and at any time.”

Scores of Israeli Druze broke through the border fence on Wednesday, linking up with Druze on the Syrian side.

Israeli Prime Minister Benjamin Netanyahu urged Israeli Druze citizens not to cross the border. The Israeli military said it was working to safely return civilians who had crossed.

(Reuters)

July 17, 2025

MIL-OSI Security: Defense News in Brief: STARR, Stripes programs reward Airmen, Guardians referrals

Source: United States Airforce

Two programs, Stellar Talent Acquisition Recruiting Referral and Stripes for Referrals, aim to incentivize all Airmen and Guardians to inspire the next generation to serve in the Air Force and Space Force.

WARNER ROBINS AIR FORCE BASE, Ga. (AFNS) —

Airmen and Guardians are eligible for decorations or promotions through recruiting referrals under the Airman and Guardian Referral Program.

Referral Programs
Two programs, Stellar Talent Acquisition Recruiting Referral and Stripes for Referrals, aim to incentivize all Airmen and Guardians to inspire the next generation to serve in the Air Force and Space Force.

Who is Eligible for Medals
STARR authorizes enlisted service members up to senior master sergeant and officers up to lieutenant colonel to receive up to two Air and Space Achievement Medals for referring three enlisted accessions applicants who depart for basic military training.

Additionally, any enlisted member or officer up to colonel, may receive the Air and Space Commendation Medal for referring five enlisted accessions applicants who depart for BMT.

Who is Eligible for Promotion
Stripes for Referrals allows Airman and Guardian recruits to be promoted up to E-2 by referring two enlisted accessions candidates, or to E-3 by referring four enlisted accessions candidates who join the Delayed Entry Program or Delayed Entry Training.

How To Apply
Applications must be submitted through the Aim High application to qualify for the Air and Space Achievement and Commendation Medals. All users must create an account and input information in the ‘Refer a Friend’ portion of the app to receive credit for valid referrals.

The Department of the Air Force launched a Barriers to Service Cross-Functional Team to examine existing policies and procedures to ensure they reflect the service members needed for the future. The programs are part of this initiative and serve as a cost-effective instrument for referring candidates and increasing enlistments throughout the DAF.

Learn More
More information on the STARR program can be found in DAFMAN 36-2806 and Stripes for Referrals in DAFMAN 36-2032.

To submit referrals via application:
– Download the Aim High Application on your mobile device
– Create an account using your full, first and last name and your .mil email address
– Open the application and look for the three horizontal lines at the bottom right labeled ‘more’
– Select ‘more’ and scroll to the bottom and select ‘Refer a Friend’

MIL Security OSI –

July 17, 2025

MIL-OSI Security: Defense News in Brief: JBSA Airmen bring help, hope to flood-stricken Hill Country communities

Source: United States Airforce

Members of the 33rd Cyberspace Operations Squadron, 59th Medical Wing and 502d Air Base Wing assisted with flood relief operations in the Texas Hill Country, supporting efforts in the communities of Ingram and Hunt.

INGRAM, Texas (AFNS) — In a display of service and compassion, members of the 33rd Cyberspace Operations Squadron, 59th Medical Wing and 502nd Air Base Wing assisted on July 11 with flood relief operations in the Texas Hill Country, supporting efforts in the communities of Ingram and Hunt.

One team assembled at City West Church in Kerrville, partnering with Mercy Chefs to organize and distribute hot meals. Three additional groups were dispatched to Hunt to assist with debris removal and participate in search and recovery operations in flood-damaged areas.

“We partnered with Heroes for Humanity, the Mexican National Fire Department, and local rescue teams, including K-9 units, to help bring closure to families in the wake of this tragedy,” said Master Sgt. Nicholas Galbraith, 33rd Cyberspace Operations Squadron flight chief.

“It was incredibly moving to see our Airmen volunteer their personal time to come out and serve. Efforts like this strengthen our bonds, not just within the unit, but with the community,” Galbraith said. “Our presence matters. We want these families to know they’re not alone, and that the Air Force is here for them, standing alongside them during their time of loss.”

The response was part of a broader effort following the catastrophic flash floods that struck the Texas Hill Country on July 4-5. According to news reports, 130 people died, including 103 in Kerr County alone, with around 160 others still missing.

At the direction of Galbraith, Joint Base San Antonio mobilized volunteers from across multiple units to assist in the recovery and support efforts.

At City West Church, JBSA personnel partnered with Mercy Chefs, a nonprofit organization specializing in feeding disaster victims and first responders. The Airmen worked side by side with civilian volunteers to prep meals, organize donations, and provide emotional and spiritual care to anyone who needed it.

“Mercy Chefs was founded nearly 20 years ago in the aftermath of Hurricane Katrina,” said Gary LeBlanc, CEO and founder of the organization. “We provide high-quality, chef-prepared meals to victims, volunteers and first responders, both across the country and around the world.”

LeBlanc said his team had been vacationing and picnicking over the holiday when they saw the flooding and immediately mobilized.

“We were able to deploy quickly and got our first meals out by Saturday night, most of which went directly to the rescue teams that had started responding on Friday,” LeBlanc said.

The arrival of Air Force personnel on Friday provided a significant boost to their efforts.

“When the Air Force came in today, it was a game changer,” LeBlanc said. “They were incredibly sharp, followed instructions, were proactive, and immediately integrated into the operation. It was an amazing lift for us. We prepared nearly 4,000 meals just today.”

“We saw people truly struggling as they worked to recover and heal,” said Maj. Todd Leathermon, chaplain with the 59th Medical Wing. “There was a clear need, and this gave us a chance to use the skills we’ve gained both through Air Force training and our ministry experience before joining the military. Whether it’s providing spiritual and emotional support, helping prepare meals, or simply being present, we’re here to care for them.”

Meanwhile, in Hunt, three JBSA-led teams entered flood-damaged zones to help clear debris and aid in search and recovery efforts.

“I’ve always wanted to join special forces, and this is great experience for me as I plan to cross-train in that field,” said Staff Sgt. Roberto Castro, with the 426th Cyberspace Operations Squadron. “I’ve been through several hurricanes so I understand how devastating they can be. I just thought, why not help out where I can?”

Though the tasks varied — from chopping vegetables to hauling debris — the heart behind the mission remained the same.

Throughout the day, chaplains remained available to volunteers and locals, ready to offer a listening ear or a quiet moment of spiritual care.

“It’s been incredible to see all levels of government come together from our local law enforcement, military members, and even our brethren from Mexican emergency services to help bring closure to families,” said Master Sgt. James Newcomb, superintendent of cyber support operations. “For me, it’s meaningful because this is my duty. As military members, it’s our job to give back to the community — to help, serve, protect, support and defend the American people.”

MIL Security OSI –

July 17, 2025

MIL-OSI: Morien Announces Strategic Aggregate Partnership

Source: GlobeNewswire (MIL-OSI)

HALIFAX, Nova Scotia, July 17, 2025 (GLOBE NEWSWIRE) — Morien Resources Corp. (“Morien” or the “Company“) (TSX-V:MOX) is pleased to announce that it has entered into a strategic partnership with a large, U.S. based, regional crushed stone (“aggregate”) operator to jointly identify and permit long-life crushed stone opportunities in Atlantic Canada.

Morien has pursued new relationships leveraging its regional expertise and longstanding relationships across Nova Scotia and Atlantic Canada. This effort is aligned with its commitment to unlocking the potential of Atlantic Canada’s high-quality mineral resources that can serve both domestic and export infrastructure markets.

This partnership positions Morien to capitalize on Atlantic Canada’s strategic location, deep-water access, and high-quality stone resources to meet rising infrastructure demands in both Canada and the eastern U.S.

In May 2025, the provincial government of Nova Scotia expanded its support of the mining industry by identifying aggregate as a “Strategic Mineral” under its Critical Minerals Strategy, a commodity that Nova Scotia now deems important for its economy and future development.

The collaboration has already yielded promising results. One aggregate (granite) project in Nova Scotia has advanced to formal technical and stakeholder engagement with environmental and permitting groundwork now underway. A second aggregate (limestone) project in Newfoundland is currently progressing through due-diligence, including early-stage technical and commercial assessment.

Under the terms of the strategic partnership agreement, Morien will receive a milestone payment upon the successful permitting of certain designated projects and is entitled to an industry competitive production royalty on future sales over the life of the operation. Morien’s time and expenses associated with each project are reimbursed by its partner. This arrangement is consistent with Morien’s focus on disciplined project selection and its partner-driven business model that maximizes long-term value while maintaining its lean operating model.

The Company expects to provide further updates as milestones are achieved within this new aggregate initiative.

About Morien

Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from the Donkin Mine in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and outstanding common shares and a fully diluted position of 53,992,000. Further information is available at www.MorienRes.com.

Forward-Looking Statements

Some of the statements in this news release may constitute “forward-looking information” as defined under applicable securities laws. These statements reflect Morien’s current expectations of future revenues and business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be affected by a number of factors, many of which are beyond its control, and that future events and results may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties described in documents filed by Morien with the Canadian securities regulators on SEDAR+ (www.sedarplus.com) from time to time. Morien cautions that its royalty revenue will be based on production by third party property owners and operators who will be responsible for determining the manner and timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate; unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes; and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Dawson Brisco, President & CEO
Phone: (902) 403-3149
dbrisco@MorienRes.com
or
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914
www.MorienRes.com

The MIL Network –

July 17, 2025

MIL-OSI: DT Midstream to Announce Second Quarter 2025 Financial Results, Schedules Earnings Call

Source: GlobeNewswire (MIL-OSI)

DETROIT, July 17, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) plans to announce second quarter 2025 financial results before the market opens on Thursday, July 31, 2025.

DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 9881735. International access numbers are available here.

The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

About DT Midstream

DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

The MIL Network –

July 17, 2025

MIL-OSI: Morien Receives Notice from Kameron to Explore Sale of Donkin Mine Interest

Source: GlobeNewswire (MIL-OSI)

HALIFAX, Nova Scotia, July 17, 2025 (GLOBE NEWSWIRE) — Morien Resources Corp. (“Morien” or the “Company“) (TSX-V:MOX) reports that it has received notice from Kameron Collieries ULC (“Kameron”), owner and operator of the Donkin Coal Mine (the “Donkin Mine”) in Nova Scotia, of Kameron’s intent to explore a sale of its 100% ownership in the Donkin Mine.

Under the terms of the Royalty Agreement between Morien and Kameron, Morien holds a 2-4% production royalty on coal sales from the Donkin Mine. This royalty is binding upon Kameron and successor owners of the Donkin Mine and will continue if there is a change in ownership.

The Company understands that Kameron is in the early stages of initiating the sale process and has not yet entered into any binding sale agreement with a third party. Kameron’s parent company, The Cline Group (“Cline”), has engaged U.S.-based Perella Weinberg Partners to lead the sales process.

Morien will publish further information on the sale process when it becomes available and as the process advances. There is no assurance that the sale process will result in a completed transaction, nor can Morien provide guidance on timing, transaction terms, or expected outcomes at this stage, or the impact of the sale process or any completed sale on the prospects for the Donkin Mine to restart operations.

About Morien

Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from Donkin in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and outstanding common shares and a fully diluted position of 53,992,000. Further information is available at www.MorienRes.com.

Forward-Looking Statements

Some of the statements in this news release may constitute “forward-looking information” as defined under applicable securities laws. These statements reflect Morien’s current expectations of future revenues and business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be affected by a number of factors, many of which are beyond its control, and that future events and results may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties described in documents filed by Morien with the Canadian securities regulators on SEDAR+ (www.sedarplus.com) from time to time. Morien cautions that its royalty revenue will be based on production by third party property owners and operators who will be responsible for determining the manner and timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate; unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes; and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Dawson Brisco, President & CEO
Phone: (902) 403-3149
dbrisco@MorienRes.com
or
John P.A. Budreski, Executive Chairman
Phone: (416) 930-0914
www.MorienRes.com

The MIL Network –

July 17, 2025

MIL-OSI USA: Cortez Masto: Republicans’ Claw Back of Bipartisan Funding will Hurt Families, Make Nevadans Less Safe

US Senate News:

Source: United States Senator for Nevada Cortez Masto

Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) voted against the Republican rescission package, which would cut already-approved bipartisan funding for public TV and radio as well as for global humanitarian aid. The legislation, which now heads back to the U.S. House of Representatives, would cut support for critical educational and public safety programs in Nevada.

“Today, Republicans voted to slash funds that help rural communities, Tribes, families with kids, and farmers across the country. Public broadcasting funding in particular plays a critical role in delivering emergency alerts and keeping communities across Nevada safe,” said Senator Cortez Masto. “This vote also sets the dangerous precedent that Republicans can claw back funding that was already approved by Congress with bipartisan support. Nevadans deserve better.”

The Republican rescission package would cut foreign aid programs that support American farmers, help thousands of vulnerable children worldwide, and help counter the influence of countries like Communist China abroad.

The bill would slash over $7.5 million from public broadcasting in Nevada – including from Nevada Public Radio (KNPR), KUNR, Reno PBS TV, and Vegas PBS TV. The cuts would in turn affect rural communities whose radio and TV stations rely on public broadcasting funding – including stations in Laughlin, Mesquite, Elko, Tonopah, Round Mountain, and more. Eliminating these critical dollars will make it harder to get safety information and warnings to Nevadans in the cases of emergencies, AMBER Alerts, and natural disasters like wildfires. Public TV and radio also serve as critical resources that provide educational programming to children and families across the state. The average cost to the American taxpayer for public broadcasting is about $1.60 per person per year.

“The elimination of CPB funding is a direct threat to Nevada Public Radio’s ability to cover news across our state—especially in rural communities, many of which are already considered news deserts. This decision undermines the essential role public media plays in connecting Nevadans with trusted, fact-based journalism and independent reporting that commercial media often overlooks. While CPB accounts for about 8% of our funding, its loss will be felt far beyond our budget—it jeopardizes our capacity to tell the stories of underrepresented communities, hold institutions accountable, and sustain meaningful reporting in places where no other outlet exists,” said Favian Perez, CEO & President of Nevada Public Radio.

“We are beyond disappointed that despite the work of Senators Cortez Masto and Rosen, a majority of the Senate has decided to ignore the will of the American people and vote to defund public broadcasting. Due to this action thousands of Nevada’s families may lose access to the quality educational programs, services and emergency alerting notices provided by public television. This decision will have a negative impact on the quality of life in our state,” said Kurt A. Mische, President & CEO of PBS Reno.

MIL OSI USA News –

July 17, 2025

MIL-OSI: Texas Capital Bancshares, Inc. Announces Second Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Second quarter 2025 net income of $77.3 million and net income available to common stockholders
of $73.0 million, up 86% and 95%, respectively, year-over-year

Second quarter 2025 EPS of $1.58 per diluted share and adjusted EPS⁽¹⁾of $1.63 per
diluted share, up 98% and 104%, respectively, year-over-year

Strong balance sheet growth with total loans increasing 7% quarter-over-quarter and 10% year-over-year

Book Value and Tangible Book Value⁽²⁾per share both increasing 13% year-over-year, reaching record levels

DALLAS, July 17, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2025.

“Our multi-year focus on building a differentiated, full-service financial services firm has strengthened our client franchise and consistently delivered high-quality outcomes across our platform, driving strong financial performance this quarter,” said Rob C. Holmes, Chairman, President & CEO. “The strategic actions we’ve taken have structurally enhanced our earnings power, and as we enter the second half of the year, the breadth of our capabilities and the strength of our balance sheet position us to deliver durable, through-cycle results for both clients and shareholders.”

	2nd Quarter			1st Quarter			2nd Quarter
(dollars in thousands except per share data)		2025			2025			2024
OPERATING RESULTS
Net income	$	77,328		$	47,047		$	41,662
Net income available to common stockholders	$	73,016		$	42,734		$	37,350
Pre-provision net revenue⁽³⁾	$	117,188		$	77,458		$	78,597
Diluted earnings per common share	$	1.58		$	0.92		$	0.80
Diluted common shares		46,215,394			46,616,704			46,872,498
Return on average assets		0.99	%		0.61	%		0.56	%
Return on average common equity		9.17	%		5.56	%		5.26	%

OPERATING RESULTS, ADJUSTED⁽¹⁾
Net income	$	79,841		$	47,047		$	42,020
Net income available to common stockholders	$	75,529		$	42,734		$	37,708
Pre-provision net revenue⁽³⁾	$	120,475		$	77,458		$	79,059
Diluted earnings per common share	$	1.63		$	0.92		$	0.80
Diluted common shares		46,215,394			46,616,704			46,872,498
Return on average assets		1.02	%		0.61	%		0.57	%
Return on average common equity		9.48	%		5.56	%		5.31	%

BALANCE SHEET
Loans held for investment	$	18,035,945		$	17,654,243		$	16,700,569
Loans held for investment, mortgage finance		5,889,589			4,725,541			5,078,161
Total loans held for investment		23,925,534			22,379,784			21,778,730
Loans held for sale		—			—			36,785
Total assets		31,943,535			31,375,749			29,854,994
Non-interest bearing deposits		7,718,006			7,874,780			7,987,715
Total deposits		26,064,309			26,053,034			23,818,327
Stockholders’ equity		3,510,070			3,429,774			3,175,601

(1) 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.
(2) Stockholders’ equity excluding preferred stock, less goodwill and intangibles, divided by shares outstanding at period end.
(3) Net interest income plus non-interest income, less non-interest expense.

SECOND QUARTER 2025 COMPARED TO FIRST QUARTER 2025

For the second quarter of 2025, net income available to common stockholders was $73.0 million, or $1.58 per diluted share, compared to $42.7 million, or $0.92 per diluted share, for the first quarter of 2025.

Provision for credit losses for the second quarter of 2025 was $15.0 million, compared to $17.0 million for the first quarter of 2025. The $15.0 million provision for credit losses recorded in the second quarter of 2025 resulted primarily from an increase in total loans held for investment (“LHI”) and $13.0 million in net charge-offs, partially offset by a decrease in criticized loans.

Net interest income was $253.4 million for the second quarter of 2025, compared to $236.0 million for the first quarter of 2025, primarily due to increases in average earning assets and earning asset yields, a decrease in average short-term borrowings and the impact of one additional day in the second quarter. Net interest margin for the second quarter of 2025 was 3.35%, an increase of 16 basis points from the first quarter of 2025. LHI, excluding mortgage finance, yields decreased 4 basis points from the first quarter of 2025 and LHI, mortgage finance, yields increased 49 basis points from the first quarter of 2025. Total cost of deposits was 2.65% for the second quarter of 2025, an 11 basis point decrease from the first quarter of 2025.

Non-interest income for the second quarter of 2025 increased $9.6 million compared to the first quarter of 2025 primarily due to increases in investment banking and advisory fees and trading income, partially offset by a $1.9 million loss on sale of available-for-sale debt securities recognized during the second quarter of 2025.

Non-interest expense for the second quarter of 2025 decreased $12.7 million compared to the first quarter of 2025, primarily due to decreases in salaries and benefits, related to the effect of seasonal payroll expenses that peak in the first quarter, and legal and professional expense, partially offset by an increase in other non-interest expense.

SECOND QUARTER 2025 COMPARED TO SECOND QUARTER 2024

Net income available to common stockholders was $73.0 million, or $1.58 per diluted share, for the second quarter of 2025, compared to $37.4 million, or $0.80 per diluted share, for the second quarter of 2024.

The second quarter of 2025 included a $15.0 million provision for credit losses, reflecting an increase in total LHI and $13.0 million in net charge-offs, partially offset by a decline in criticized loans, compared to a $20.0 million provision for credit losses for the second quarter of 2024.

Net interest income increased to $253.4 million for the second quarter of 2025, compared to $216.6 million for the second 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 34 basis points to 3.35% for the second quarter of 2025, as compared to the second quarter of 2024. LHI, excluding mortgage finance, yields decreased 44 basis points compared to the second quarter of 2024 and LHI, mortgage finance yields increased 48 basis points from the second quarter of 2024. Total cost of deposits decreased 34 basis points compared to the second quarter of 2024.

Non-interest income for the second quarter of 2025 increased $3.6 million compared to the second quarter of 2024 primarily due to increases in service charges on deposit accounts, trading income and other non-interest income, partially offset by the loss on sale of available-for-sale debt securities mentioned above.

Non-interest expense for the second quarter of 2025 increased $1.9 million compared to the second quarter of 2024, primarily due to increases in salaries and benefits, occupancy expense and communications and technology expense, partially offset by a decrease in marketing expense.

CREDIT QUALITY

Net charge-offs of $13.0 million were recorded during the second quarter of 2025, compared to net charge-offs of $9.8 million and $12.0 million during the first quarter of 2025 and the second quarter of 2024, respectively. Criticized loans totaled $637.5 million at June 30, 2025, compared to $762.9 million at March 31, 2025 and $859.7 million at June 30, 2024. Non-accrual LHI totaled $113.6 million at June 30, 2025, compared to $93.6 million at March 31, 2025 and $85.0 million at June 30, 2024. The ratio of non-accrual LHI to total LHI for the second quarter of 2025 was 0.47%, compared to 0.42% for the first quarter of 2025 and 0.39% for the second quarter of 2024. The ratio of total allowance for credit losses to total LHI was 1.40% at June 30, 2025, compared to 1.48% and 1.44% at March 31, 2025 and June 30, 2024, respectively.

REGULATORY RATIOS AND CAPITAL

All regulatory ratios continue to be in excess of “well capitalized” requirements as of June 30, 2025. CET1, tier 1 capital, total capital and leverage ratios were 11.4%, 12.9%, 15.3% and 11.8%, respectively, at June 30, 2025, compared to 11.6%, 13.1%, 15.6% and 11.8%, respectively, at March 31, 2025 and 11.6%, 13.1%, 15.7% and 12.2%, respectively, at June 30, 2024. At June 30, 2025, our ratio of tangible common equity to total tangible assets was 10.1%, compared to 10.0% at March 31, 2025 and 9.6% at June 30, 2024.

During the second quarter of 2025, the Company repurchased 317,860 shares of its common stock for an aggregate purchase price, including excise tax expense, of $21.0 million, at a weighted average price of $65.50 per share.

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.

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; 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.

TEXAS CAPITAL BANCSHARES, INC.
SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)
(dollars in thousands except per share data)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
		2025			2025			2024			2024			2024
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$	439,567		$	427,289		$	437,571		$	452,533		$	422,068
Interest expense		186,172			191,255			207,964			212,431			205,486
Net interest income		253,395			236,034			229,607			240,102			216,582
Provision for credit losses		15,000			17,000			18,000			10,000			20,000
Net interest income after provision for credit losses		238,395			219,034			211,607			230,102			196,582
Non-interest income		54,069			44,444			54,074			(114,771	)		50,424
Non-interest expense		190,276			203,020			172,159			195,324			188,409
Income/(loss) before income taxes		102,188			60,458			93,522			(79,993	)		58,597
Income tax expense/(benefit)		24,860			13,411			22,499			(18,674	)		16,935
Net income/(loss)		77,328			47,047			71,023			(61,319	)		41,662
Preferred stock dividends		4,312			4,313			4,312			4,313			4,312
Net income/(loss) available to common stockholders	$	73,016		$	42,734		$	66,711		$	(65,632	)	$	37,350
Diluted earnings/(loss) per common share	$	1.58		$	0.92		$	1.43		$	(1.41	)	$	0.80
Diluted common shares		46,215,394			46,616,704			46,770,961			46,608,742			46,872,498
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	31,943,535		$	31,375,749		$	30,731,883		$	31,629,299		$	29,854,994
Loans held for investment		18,035,945			17,654,243			17,234,492			16,764,512			16,700,569
Loans held for investment, mortgage finance		5,889,589			4,725,541			5,215,574			5,529,659			5,078,161
Loans held for sale		—			—			—			9,022			36,785
Interest bearing cash and cash equivalents		2,507,691			3,600,969			3,012,307			3,894,537			2,691,352
Investment securities		4,608,628			4,531,219			4,396,115			4,405,520			4,388,976
Non-interest bearing deposits		7,718,006			7,874,780			7,485,428			9,070,804			7,987,715
Total deposits		26,064,309			26,053,034			25,238,599			25,865,255			23,818,327
Short-term borrowings		1,250,000			750,000			885,000			1,035,000			1,675,000
Long-term debt		620,256			660,521			660,346			660,172			659,997
Stockholders’ equity		3,510,070			3,429,774			3,367,936			3,354,044			3,175,601

End of period shares outstanding		45,746,836			46,024,933			46,233,812			46,207,757			46,188,078
Book value per share	$	70.17		$	68.00		$	66.36		$	66.09		$	62.26
Tangible book value per share⁽¹⁾	$	70.14		$	67.97		$	66.32		$	66.06		$	62.23
SELECTED FINANCIAL RATIOS
Net interest margin		3.35	%		3.19	%		2.93	%		3.16	%		3.01	%
Return on average assets		0.99	%		0.61	%		0.88	%	(0.78		)%		0.56	%
Return on average assets, adjusted⁽⁴⁾		1.02	%		0.61	%		0.88	%		1.00	%		0.57	%
Return on average common equity		9.17	%		5.56	%		8.50	%	(8.87		)%		5.26	%
Return on average common equity, adjusted⁽⁴⁾		9.48	%		5.56	%		8.50	%		10.04	%		5.31	%
Efficiency ratio⁽²⁾		61.9	%		72.4	%		60.7	%		155.8	%		70.6	%
Efficiency ratio, adjusted⁽²⁾⁽⁴⁾		61.1	%		72.4	%		60.7	%		62.3	%		70.4	%
Non-interest income to average earning assets		0.72	%		0.60	%		0.69	%	(1.52		)%		0.71	%
Non-interest income to average earning assets, adjusted⁽⁴⁾		0.74	%		0.60	%		0.69	%		0.86	%		0.71	%
Non-interest expense to average earning assets		2.52	%		2.75	%		2.21	%		2.59	%		2.65	%
Non-interest expense to average earning assets, adjusted⁽⁴⁾		2.50	%		2.75	%		2.21	%		2.52	%		2.65	%
Common equity to total assets		10.1	%		10.0	%		10.0	%		9.7	%		9.6	%
Tangible common equity to total tangible assets⁽³⁾		10.1	%		10.0	%		10.0	%		9.7	%		9.6	%
Common Equity Tier 1		11.4	%		11.6	%		11.4	%		11.2	%		11.6	%
Tier 1 capital		12.9	%		13.1	%		12.8	%		12.6	%		13.1	%
Total capital		15.3	%		15.6	%		15.4	%		15.2	%		15.7	%
Leverage		11.8	%		11.8	%		11.3	%		11.4	%		12.2	%

(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)
	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
Assets
Cash and due from banks	$	182,451		$	201,504		$	176,501		$	297,048		$	221,727
Interest bearing cash and cash equivalents		2,507,691			3,600,969			3,012,307			3,894,537			2,691,352
Available-for-sale debt securities		3,774,141			3,678,378			3,524,686			3,518,662			3,483,231
Held-to-maturity debt securities		761,907			779,354			796,168			812,432			831,513
Equity securities		68,692			71,679			75,261			74,426			74,232
Trading securities		3,888			1,808			—			—			—
Investment securities		4,608,628			4,531,219			4,396,115			4,405,520			4,388,976
Loans held for sale		—			—			—			9,022			36,785
Loans held for investment, mortgage finance		5,889,589			4,725,541			5,215,574			5,529,659			5,078,161
Loans held for investment		18,035,945			17,654,243			17,234,492			16,764,512			16,700,569
Less: Allowance for credit losses on loans		277,648			278,379			271,709			273,143			267,297
Loans held for investment, net		23,647,886			22,101,405			22,178,357			22,021,028			21,511,433
Premises and equipment, net		86,831			84,575			85,443			81,577			69,464
Accrued interest receivable and other assets		908,552			854,581			881,664			919,071			933,761
Goodwill and intangibles, net		1,496			1,496			1,496			1,496			1,496
Total assets	$	31,943,535		$	31,375,749		$	30,731,883		$	31,629,299		$	29,854,994

Liabilities and Stockholders’ Equity
Liabilities:
Non-interest bearing deposits	$	7,718,006		$	7,874,780		$	7,485,428		$	9,070,804		$	7,987,715
Interest bearing deposits		18,346,303			18,178,254			17,753,171			16,794,451			15,830,612
Total deposits		26,064,309			26,053,034			25,238,599			25,865,255			23,818,327
Accrued interest payable		14,120			25,270			23,680			18,679			23,841
Other liabilities		484,780			457,150			556,322			696,149			502,228
Short-term borrowings		1,250,000			750,000			885,000			1,035,000			1,675,000
Long-term debt		620,256			660,521			660,346			660,172			659,997
Total liabilities		28,433,465			27,945,975			27,363,947			28,275,255			26,679,393

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⁾		517			517			515			515			515
Additional paid-in capital		1,065,083			1,060,028			1,056,719			1,054,614			1,050,114
Retained earnings		2,611,401			2,538,385			2,495,651			2,428,940			2,494,572
Treasury stock⁽³⁾		(354,000	)		(332,994	)		(301,842	)		(301,868	)		(301,868	)
Accumulated other comprehensive loss, net of taxes		(112,931	)		(136,162	)		(183,107	)		(128,157	)		(367,732	)
Total stockholders’ equity		3,510,070			3,429,774			3,367,936			3,354,044			3,175,601
Total liabilities and stockholders’ equity	$	31,943,535		$	31,375,749		$	30,731,883		$	31,629,299		$	29,854,994

⁽¹⁾ Preferred stock – issued shares		300,000			300,000			300,000			300,000			300,000
⁽²⁾ Common stock – issued shares		51,747,305			51,707,542			51,520,315			51,494,260			51,474,581
⁽³⁾ Treasury stock – shares at cost		6,000,469			5,682,609			5,286,503			5,286,503			5,286,503

TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(dollars in thousands except per share data)
	Three Months Ended June 30,					Six Months Ended June 30,
		2025		2024			2025		2024
Interest income
Interest and fees on loans	$	364,358		$	345,251	$	698,508		$	676,130
Investment securities		45,991			33,584		92,556			65,728
Interest bearing cash and cash equivalents		29,218			43,233		75,792			97,588
Total interest income		439,567			422,068		866,856			839,446
Interest expense
Deposits		174,798			181,280		349,734			356,880
Short-term borrowings		3,444			12,749		11,690			25,532
Long-term debt		7,930			11,457		16,003			25,443
Total interest expense		186,172			205,486		377,427			407,855
Net interest income		253,395			216,582		489,429			431,591
Provision for credit losses		15,000			20,000		32,000			39,000
Net interest income after provision for credit losses		238,395			196,582		457,429			392,591
Non-interest income
Service charges on deposit accounts		8,182			5,911		16,022			12,250
Wealth management and trust fee income		3,730			3,699		7,694			7,266
Brokered loan fees		2,398			2,131		4,347			4,042
Investment banking and advisory fees		24,109			25,048		40,587			43,472
Trading income		7,896			5,650		13,835			10,362
Available-for-sale debt securities losses		(1,886	)		—		(1,886	)		—
Other		9,640			7,985		17,914			14,351
Total non-interest income		54,069			50,424		98,513			91,743
Non-interest expense
Salaries and benefits		120,154			118,840		251,795			247,567
Occupancy expense		12,144			10,666		22,988			20,403
Marketing		3,624			5,996		8,633			12,032
Legal and professional		11,069			11,273		26,058			27,468
Communications and technology		24,314			22,013		47,956			43,127
Federal Deposit Insurance Corporation insurance assessment		5,096			5,570		10,437			13,991
Other		13,875			14,051		25,429			26,214
Total non-interest expense		190,276			188,409		393,296			390,802
Income before income taxes		102,188			58,597		162,646			93,532
Income tax expense		24,860			16,935		38,271			25,728
Net income		77,328			41,662		124,375			67,804
Preferred stock dividends		4,312			4,312		8,625			8,625
Net income available to common stockholders	$	73,016		$	37,350	$	115,750		$	59,179

Basic earnings per common share	$	1.59		$	0.80	$	2.52		$	1.26
Diluted earnings per common share	$	1.58		$	0.80	$	2.49		$	1.25

TEXAS CAPITAL BANCSHARES, INC.
SUMMARY OF CREDIT LOSS EXPERIENCE
(dollars in thousands)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
		2025			2025			2024			2024			2024
Allowance for credit losses on loans:
Beginning balance	$	278,379		$	271,709		$	273,143		$	267,297		$	263,962
Allowance established for acquired purchase credit deterioration loans		—			—			—			2,579			—
Loans charged-off:
Commercial		13,020			10,197			14,100			6,120			9,997
Commercial real estate		431			500			2,566			262			2,111
Consumer		—			—			—			30			—
Total charge-offs		13,451			10,697			16,666			6,412			12,108
Recoveries:
Commercial		486			483			4,562			329			153
Commercial real estate		—			413			18			—			—
Consumer		—			4			15			—			—
Total recoveries		486			900			4,595			329			153
Net charge-offs		12,965			9,797			12,071			6,083			11,955
Provision for credit losses on loans		12,234			16,467			10,637			9,350			15,290
Ending balance	$	277,648		$	278,379		$	271,709		$	273,143		$	267,297

Allowance for off-balance sheet credit losses:
Beginning balance	$	53,865		$	53,332		$	45,969		$	45,319		$	40,609
Provision for off-balance sheet credit losses		2,766			533			7,363			650			4,710
Ending balance	$	56,631		$	53,865		$	53,332		$	45,969		$	45,319

Total allowance for credit losses	$	334,279		$	332,244		$	325,041		$	319,112		$	312,616
Total provision for credit losses	$	15,000		$	17,000		$	18,000		$	10,000		$	20,000

Allowance for credit losses on loans to total loans held for investment		1.16	%		1.24	%		1.21	%		1.23	%		1.23	%
Allowance for credit losses on loans to average total loans held for investment		1.19	%		1.29	%		1.22	%		1.24	%		1.27	%
Net charge-offs to average total loans held for investment⁽¹⁾		0.22	%		0.18	%		0.22	%		0.11	%		0.23	%
Net charge-offs to average total loans held for investment for last 12 months⁽¹⁾		0.18	%		0.18	%		0.19	%		0.20	%		0.22	%
Total provision for credit losses to average total loans held for investment⁽¹⁾		0.26	%		0.32	%		0.32	%		0.18	%		0.38	%
Total allowance for credit losses to total loans held for investment		1.40	%		1.48	%		1.45	%		1.43	%		1.44	%

(1) Interim period ratios are annualized.

TEXAS CAPITAL BANCSHARES, INC.
NON-PERFORMING ASSETS, PAST DUE LOANS AND CRITICIZED LOANS
(dollars in thousands)
	2nd Quarter			1st Quarter			4th Quarter			3rd Quarter			2nd Quarter
		2025			2025			2024			2024			2024
NON-PERFORMING ASSETS
Non-accrual loans held for investment	$	113,609		$	93,565		$	111,165		$	88,960		$	85,021
Non-accrual loans held for sale		—			—			—			—			—
Other real estate owned		—			—			—			—			—
Total non-performing assets	$	113,609		$	93,565		$	111,165		$	88,960		$	85,021

Non-accrual loans held for investment to total loans held for investment		0.47	%		0.42	%		0.50	%		0.40	%		0.39	%
Total non-performing assets to total assets		0.36	%		0.30	%		0.36	%		0.28	%		0.28	%
Allowance for credit losses on loans to non-accrual loans held for investment	2.4x			3.0x			2.4x			3.1x			3.1x
Total allowance for credit losses to non-accrual loans held for investment	2.9x			3.6x			2.9x			3.6x			3.7x

LOANS PAST DUE
Loans held for investment past due 90 days and still accruing	$	2,068		$	791		$	4,265		$	5,281		$	286
Loans held for investment past due 90 days to total loans held for investment		0.01	%		—	%		0.02	%		0.02	%		—	%
Loans held for sale past due 90 days and still accruing	$	—		$	—		$	—		$	—		$	64

CRITICIZED LOANS
Criticized loans	$	637,462		$	762,887		$	713,951		$	897,727		$	859,671
Criticized loans to total loans held for investment		2.66	%		3.41	%		3.18	%		4.03	%		3.95	%
Special mention loans	$	339,923		$	484,165		$	435,626		$	579,802		$	593,305
Special mention loans to total loans held for investment		1.42	%		2.16	%		1.94	%		2.60	%		2.72	%

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

	2nd Quarter			1st Quarter		4th Quarter		3rd Quarter			2nd Quarter
		2025		2025		2024			2024		2024
Interest income
Interest and fees on loans	$	364,358		$	334,150	$	340,388	$	361,407		$	345,251
Investment securities		45,991			46,565		44,102		38,389			33,584
Interest bearing deposits in other banks		29,218			46,574		53,081		52,737			43,233
Total interest income		439,567			427,289		437,571		452,533			422,068
Interest expense
Deposits		174,798			174,936		189,061		190,255			181,280
Short-term borrowings		3,444			8,246		10,678		13,784			12,749
Long-term debt		7,930			8,073		8,225		8,392			11,457
Total interest expense		186,172			191,255		207,964		212,431			205,486
Net interest income		253,395			236,034		229,607		240,102			216,582
Provision for credit losses		15,000			17,000		18,000		10,000			20,000
Net interest income after provision for credit losses		238,395			219,034		211,607		230,102			196,582
Non-interest income
Service charges on deposit accounts		8,182			7,840		6,989		6,307			5,911
Wealth management and trust fee income		3,730			3,964		4,009		4,040			3,699
Brokered loan fees		2,398			1,949		2,519		2,400			2,131
Investment banking and advisory fees		24,109			16,478		26,740		34,753			25,048
Trading income		7,896			5,939		5,487		5,786			5,650
Available-for-sale debt securities losses		(1,886	)		—		—		(179,581	)		—
Other		9,640			8,274		8,330		11,524			7,985
Total non-interest income		54,069			44,444		54,074		(114,771	)		50,424
Non-interest expense
Salaries and benefits		120,154			131,641		97,873		121,138			118,840
Occupancy expense		12,144			10,844		11,926		12,937			10,666
Marketing		3,624			5,009		4,454		5,863			5,996
Legal and professional		11,069			14,989		15,180		11,135			11,273
Communications and technology		24,314			23,642		24,007		25,951			22,013
Federal Deposit Insurance Corporation insurance assessment		5,096			5,341		4,454		4,906			5,570
Other		13,875			11,554		14,265		13,394			14,051
Total non-interest expense		190,276			203,020		172,159		195,324			188,409
Income/(loss) before income taxes		102,188			60,458		93,522		(79,993	)		58,597
Income tax expense/(benefit)		24,860			13,411		22,499		(18,674	)		16,935
Net income/(loss)		77,328			47,047		71,023		(61,319	)		41,662
Preferred stock dividends		4,312			4,313		4,312		4,313			4,312
Net income/(loss) available to common shareholders	$	73,016		$	42,734	$	66,711	$	(65,632	)	$	37,350

TEXAS CAPITAL BANCSHARES, INC.
TAXABLE EQUIVALENT NET INTEREST INCOME ANALYSIS (UNAUDITED)⁽¹⁾
(dollars in thousands)
	2nd Quarter 2025						1st Quarter 2025						2nd Quarter 2024						YTD June 30, 2025						YTD June 30, 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⁾	$	4,573,164	$	45,999	3.93	%	$	4,463,876	$	46,565	4.10	%	$	4,427,023	$	33,584	2.80	%	$	4,518,822	$	92,564	4.01	%	$	4,363,195	$	65,728	2.79	%
Interest bearing cash and cash equivalents		2,661,037		29,218	4.40	%		4,255,796		46,574	4.44	%		3,273,069		43,233	5.31	%		3,454,011		75,792	4.43	%		3,662,348		97,588	5.36	%
Loans held for sale		—		—	—	%		335		2	2.97	%		28,768		683	9.55	%		167		2	2.97	%		39,966		1,867	9.40	%
Loans held for investment, mortgage finance		5,327,559		58,707	4.42	%		3,972,106		38,527	3.93	%		4,357,288		42,722	3.94	%		4,653,577		97,234	4.21	%		3,937,498		74,177	3.79	%
Loans held for investment⁽³⁾		18,018,626		306,142	6.81	%		17,527,070		296,091	6.85	%		16,750,788		301,910	7.25	%		17,774,206		602,233	6.83	%		16,636,438		600,216	7.26	%
Less: Allowance for credit losses on loans		278,035		—	—	%		272,758		—	—			263,145		—	—	%		275,411		—	—			256,541		—	—
Loans held for investment, net		23,068,150		364,849	6.34	%		21,226,418		334,618	6.39	%		20,844,931		344,632	6.65	%		22,152,372		699,467	6.37	%		20,317,395		674,393	6.68	%
Total earning assets		30,302,351		440,066	5.80	%		29,946,425		427,759	5.76	%		28,573,791		422,132	5.86	%		30,125,372		867,825	5.78	%		28,382,904		839,576	5.87	%
Cash and other assets		1,117,118						1,157,184						1,177,061						1,137,040						1,117,763
Total assets	$	31,419,469					$	31,103,609					$	29,750,852					$	31,262,412					$	29,500,667

Liabilities and Stockholders’ Equity
Transaction deposits	$	2,213,037	$	13,731	2.49	%	$	2,163,250	$	13,908	2.61	%	$	2,061,622	$	16,982	3.31	%	$	2,188,282	$	27,639	2.55	%	$	2,034,057	$	33,840	3.35	%
Savings deposits		13,727,095		134,272	3.92	%		13,357,243		133,577	4.06	%		11,981,668		143,173	4.81	%		13,543,190		267,849	3.99	%		11,695,673		279,963	4.81	%
Time deposits		2,361,525		26,795	4.55	%		2,329,384		27,451	4.78	%		1,658,899		21,125	5.12	%		2,345,543		54,246	4.66	%		1,689,112		43,077	5.13	%
Total interest bearing deposits		18,301,657		174,798	3.83	%		17,849,877		174,936	3.97	%		15,702,189		181,280	4.64	%		18,077,015		349,734	3.90	%		15,418,842		356,880	4.65	%
Short-term borrowings		306,176		3,444	4.51	%		751,500		8,246	4.45	%		927,253		12,749	5.53	%		527,608		11,690	4.47	%		919,670		25,532	5.58	%
Long-term debt		649,469		7,930	4.90	%		660,445		8,073	4.96	%		778,401		11,457	5.92	%		654,927		16,003	4.93	%		818,955		25,443	6.25	%
Total interest bearing liabilities		19,257,302		186,172	3.88	%		19,261,822		191,255	4.03	%		17,407,843		205,486	4.75	%		19,259,550		377,427	3.95	%		17,157,467		407,855	4.78	%
Non-interest bearing deposits		8,191,402						7,875,244						8,647,594						8,034,196						8,642,685
Other liabilities		475,724						552,154						537,754						513,728						523,520
Stockholders’ equity		3,495,041						3,414,389						3,157,661						3,454,938						3,176,995
Total liabilities and stockholders’ equity	$	31,419,469					$	31,103,609					$	29,750,852					$	31,262,412					$	29,500,667
Net interest income			$	253,894					$	236,504					$	216,646					$	490,398					$	431,721
Net interest margin					3.35	%					3.19	%					3.01	%					3.27	%					3.02	%

(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 non-interest expense, adjusted net income, adjusted net income available to common stockholders, adjusted pre-provision net revenue (“PPNR”), adjusted diluted earnings/(loss) 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)	2nd Quarter 2025			1st Quarter 2025			4th Quarter 2024			3rd Quarter 2024			2nd Quarter 2024
Net interest income	$	253,395		$	236,034		$	229,607		$	240,102		$	216,582

Non-interest income		54,069			44,444			54,074			(114,771	)		50,424
Available-for-sale debt securities losses, net		1,886			—			—			179,581			—
Non-interest income, adjusted		55,955			44,444			54,074			64,810			50,424

Non-interest expense		190,276			203,020			172,159			195,324			188,409
FDIC special assessment		—			—			—			651			(462	)
Restructuring expenses		(1,401	)		—			—			(5,923	)		—
Non-interest expense, adjusted		188,875			203,020			172,159			190,052			187,947

Provision for credit losses		15,000			17,000			18,000			10,000			20,000

Income tax expense/(benefit)		24,860			13,411			22,499			(18,674	)		16,935
Tax effect of adjustments		774			—			—			44,880			104
Income tax expense/(benefit), adjusted		25,634			13,411			22,499			26,206			17,039

Net income/(loss)⁽¹⁾	$	77,328		$	47,047		$	71,023		$	(61,319	)	$	41,662
Net income/(loss), adjusted⁽¹⁾	$	79,841		$	47,047		$	71,023		$	78,654		$	42,020

Preferred stock dividends		4,312			4,313			4,312			4,313			4,312

Net income/(loss) to common stockholders⁽²⁾	$	73,016		$	42,734		$	66,711		$	(65,632	)	$	37,350
Net income/(loss) to common stockholders, adjusted⁽²⁾	$	75,529		$	42,734		$	66,711		$	74,341		$	37,708

PPNR⁽³⁾	$	117,188		$	77,458		$	111,522		$	(69,993	)	$	78,597
PPNR⁽³⁾, adjusted	$	120,475		$	77,458		$	111,522		$	114,860		$	79,059

Weighted average common shares outstanding, diluted		46,215,394			46,616,704			46,770,961			46,608,742			46,872,498
Diluted earnings/(loss) per common share	$	1.58		$	0.92		$	1.43		$	(1.41	)	$	0.80
Diluted earnings/(loss) per common share, adjusted	$	1.63		$	0.92		$	1.43		$	1.59		$	0.80

Average total assets	$	31,419,469		$	31,103,609		$	32,212,087		$	31,215,173		$	29,750,852
Return on average assets		0.99	%		0.61	%		0.88	%	(0.78		)%		0.56	%
Return on average assets, adjusted		1.02	%		0.61	%		0.88	%		1.00	%		0.57	%

Average common equity	$	3,195,041		$	3,114,389		$	3,120,933		$	2,945,238		$	2,857,661
Return on average common equity		9.17	%		5.56	%		8.50	%	(8.87		)%		5.26	%
Return on average common equity, adjusted		9.48	%		5.56	%		8.50	%		10.04	%		5.31	%

Efficiency ratio⁽⁴⁾		61.9	%		72.4	%		60.7	%		155.8	%		70.6	%
Efficiency ratio, adjusted⁽⁴⁾		61.1	%		72.4	%		60.7	%		62.3	%		70.4	%

Average earning assets	$	30,302,351		$	29,946,425		$	31,033,803		$	29,975,318		$	28,573,791
Non-interest income to average earning assets		0.72	%		0.60	%		0.69	%	(1.52		)%		0.71	%
Non-interest income to average earning assets, adjusted		0.74	%		0.60	%		0.69	%		0.86	%		0.71	%
Non-interest expense to average earning assets		2.52	%		2.75	%		2.21	%		2.59	%		2.65	%
Non-interest expense to average earning assets, adjusted		2.50	%		2.75	%		2.21	%		2.52	%		2.65	%

(1) Net interest income plus non-interest income, less non-interest expense, provision for credit losses and income tax expense/(benefit). 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/(benefit), adjusted.
(2) Net income/(loss), less preferred stock dividends. On an adjusted basis, net income/(loss), adjusted, less preferred stock dividends.
(3) 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.
(4) 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.

The MIL Network –

July 17, 2025

MIL-OSI: Texas Capital Bancshares, Inc. Announces Second Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Second quarter 2025 net income of $77.3 million and net income available to common stockholders
of $73.0 million, up 86% and 95%, respectively, year-over-year

Second quarter 2025 EPS of $1.58 per diluted share and adjusted EPS⁽¹⁾of $1.63 per
diluted share, up 98% and 104%, respectively, year-over-year

Strong balance sheet growth with total loans increasing 7% quarter-over-quarter and 10% year-over-year

Book Value and Tangible Book Value⁽²⁾per share both increasing 13% year-over-year, reaching record levels

DALLAS, July 17, 2025 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2025.

“Our multi-year focus on building a differentiated, full-service financial services firm has strengthened our client franchise and consistently delivered high-quality outcomes across our platform, driving strong financial performance this quarter,” said Rob C. Holmes, Chairman, President & CEO. “The strategic actions we’ve taken have structurally enhanced our earnings power, and as we enter the second half of the year, the breadth of our capabilities and the strength of our balance sheet position us to deliver durable, through-cycle results for both clients and shareholders.”

	2nd Quarter			1st Quarter			2nd Quarter
(dollars in thousands except per share data)		2025			2025			2024
OPERATING RESULTS
Net income	$	77,328		$	47,047		$	41,662
Net income available to common stockholders	$	73,016		$	42,734		$	37,350
Pre-provision net revenue⁽³⁾	$	117,188		$	77,458		$	78,597
Diluted earnings per common share	$	1.58		$	0.92		$	0.80
Diluted common shares		46,215,394			46,616,704			46,872,498
Return on average assets		0.99	%		0.61	%		0.56	%
Return on average common equity		9.17	%		5.56	%		5.26	%

OPERATING RESULTS, ADJUSTED⁽¹⁾
Net income	$	79,841		$	47,047		$	42,020
Net income available to common stockholders	$	75,529		$	42,734		$	37,708
Pre-provision net revenue⁽³⁾	$	120,475		$	77,458		$	79,059
Diluted earnings per common share	$	1.63		$	0.92		$	0.80
Diluted common shares		46,215,394			46,616,704			46,872,498
Return on average assets		1.02	%		0.61	%		0.57	%
Return on average common equity		9.48	%		5.56	%		5.31	%

BALANCE SHEET
Loans held for investment	$	18,035,945		$	17,654,243		$	16,700,569
Loans held for investment, mortgage finance		5,889,589			4,725,541			5,078,161
Total loans held for investment		23,925,534			22,379,784			21,778,730
Loans held for sale		—			—			36,785
Total assets		31,943,535			31,375,749			29,854,994
Non-interest bearing deposits		7,718,006			7,874,780			7,987,715
Total deposits		26,064,309			26,053,034			23,818,327
Stockholders’ equity		3,510,070			3,429,774			3,175,601