© 2026 Texas Capital Bank Member FDIC April 23, 2026 Q1-2026 Earnings
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 trade policies, geopolitical conflicts, inflation, including increased energy costs, 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.
3 Q1 2026 Highlights (Compared to Q1 20251) GAAP $69.5 +$26.7 or +63% Adjusted2 $70.5 +$27.8 or +65% GAAP $110.4 +$33.0 or +43% Adjusted2 $111.8 +$34.4 or +44% Investment Banking, Private Wealth, and Treasury Product Fees5 $58.8 +$21.8 or +59% Book Value per Share $75.71 +$7.71 or 11% Tangible Book Value per Share6 $75.67 +$7.70 or 11% Credit Quality Balance Sheet & Capital Financial Results 3.43% +24bps ◼ Adjusted earnings per share2 grew $0.66 or 72% YoY to $1.58 ◼ Q1 2026 adjusted return on average assets2 of 0.97%, a 36bps improvement YoY, reflecting continued earnings momentum with adjusted pre-provision net revenue2, 3 up 44% to $111.8mm ◼ Fee income from areas of focus increased $21.8mm or 59% YoY to $58.8mm, driven by record fee income across investment banking and trading, treasury product fees5, and wealth fees ◼ Tangible book value per share6 grew 11% YoY to $75.67, an all-time high for the Firm ◼ Commercial loan balances increased $1.2bn or 10% YoY, supporting total loan growth of $2.8bn ◼ Repurchased $75mm or 770 thousand shares in Q1 2026 at a weighted average price of approximately 127% of prior month tangible book value per share6 ◼ Total ACL as a percentage of LHI of 1.32% and 1.81% when excluding mortgage finance ◼ Quarterly net charge-offs totaled $17.4mm or 30bps of average LHI ◼ Criticized loans as a percentage of total LHI declined 6bps QoQ to 2.58% while migration trends continue as expected Net Income to Common ($mm) Net Interest Margin Capital Fee Income From Areas of Focus ($mm) Book Value per Share Common Equity / Total Assets 9.87% -11bps Tangible Common Equity / Tangible Assets4 9.87% -10bps PPNR3 ($mm) $1.56 +$0.64 or 70% 0.95% +34bps 8.4% +279bps 65.9% -646bps $1.58 +$0.66 or 72% 0.97% +36bps 8.5% +292bps 65.5% -689bps EPS ROAA ROACE Efficiency Ratio8 Q1 2026 Key Metrics GAAP Adjusted2 8.4% +278bps 8.5% +291bps ROATCE7 Record high in the history of the Firm
4 Q1 2026Q4 2025 Non-GAAP2 Adjustments ($mm) 213.6 184.2 Non-Interest Expense 0.02.2FDIC Special Assessment (1.4)0.0Restructuring Expenses 212.2186.4Non-Interest Expense, Adj. Financial Performance // Income Statement Adjusted (Non-GAAP2) Adjusted (Non-GAAP2) Adjusted (Non-GAAP2) Financial Highlights ($mm) Q1 2026Q1 2026Q4 2025Q4 2025Q1 202520252025 $254.7 $254.7 267.4 267.4 $236.0 1,028.6 1,028.6 Net Interest Income 69.3 69.3 60.0 60.0 44.4 229.0 227.1 Non-Interest Revenue 324.0 324.0 327.5 327.5 280.5 1,257.7 1,255.8 Total Revenue 212.2 213.6 186.4 184.2 203.0 768.9 768.1 Non-Interest Expense 111.8 110.4 141.0 143.3 77.5 488.8 487.7 PPNR3 16.0 16.0 11.0 11.0 17.0 55.0 55.0 Provision for Credit Losses 21.0 20.6 31.1 31.6 13.4 102.7 102.5 Income Tax Expense 74.8 73.8 98.9 100.7 47.0 331.0 330.2 Net Income 4.3 4.3 4.3 4.3 4.3 17.3 17.3 Preferred Stock Dividends 70.5 69.5 94.6 96.3 42.7 313.8 313.0 Net Income to Common Q1 2026Q1 2026Q4 2025Q4 2025Q1 202520252025Performance Metrics 0.97% 0.95% 1.20% 1.22% 0.61% 1.04% 1.04% Return on Average Assets 1.45% 1.43% 1.72% 1.74% 1.01% 1.54% 1.53% PPNR3 / Average Assets 65.5% 65.9% 56.9% 56.2% 72.4% 61.1% 61.2% Efficiency Ratio8 8.5% 8.4% 11.0% 11.2% 5.6% 9.6% 9.6% Return on Average Common Equity $1.58 $1.56 $2.08 $2.12 $0.92 $6.80 $6.79 Earnings Per Share 2025 Non-GAAP2 Adjustments ($mm) 227.1 Non-Interest Income 1.9Loss on AFS Debt Securities Sale 229.0 Non-Interest Income, Adj. 768.1 Non-Interest Expense 2.2FDIC Special Assessment (1.4)Restructuring Expenses 768.9 Non-Interest Expense, Adj.
5 Balance Sheet Highlights ($mm) Ending Balances YoYQoQQ1 2026Q4 2025Q1 2025 Assets (22%)41% 2,957 2,099 3,802 Cash and Equivalents 3% (1%)4,673 4,723 4,531 Debt & Equity Securities 10% 3% 12,499 12,164 11,327 Commercial Loans (9%)(2%)5,287 5,379 5,807 CRE Loans (17%)(1%)431 434 520 Consumer Loans 47% 15% 6,962 6,064 4,726 Mortgage Finance Loans 13% 5% 25,180 24,040 22,380 Total LHI (3%)(0%)(270)(271)(278)Allowance for Credit Losses on Loans 7% 6% 33,486 31,540 31,376 Total Assets Financial Performance // Quarterly Balance Sheet Highlights Q1 2026Q4 2025Q1 2025Performance Metrics 23% 22% 27% Cash & Securities % of Assets 50% 51% 51% Commercial Loans % of Total LHI (331)(333)(332)Total Allowance for Credit Losses ($mm) 1.32% 1.38% 1.48% Total ACL / Total LHI YoYQoQQ1 2026Q4 2025Q1 2025 Liabilities (3%)10% 7,635 6,959 7,875 Non-Interest Bearing Deposits 15% 7% 20,882 19,490 18,178 Interest Bearing Deposits 9% 8% 28,517 26,449 26,053 Total Deposits (100%)(100%)0 330 750 Short-Term Borrowings 7% 7% 29,880 27,909 27,946 Total Liabilities Equity 4% (0%)3,393 3,396 3,266 Common Equity, Excl. AOCI (36%)34% (87)(65)(136)AOCI 5% (1%)3,606 3,631 3,430 Total Shareholder’s Equity (5%)(1%)43,671,305 44,253,688 46,024,933 Common Shares Outstanding Q1 2026Q4 2025Q1 2025 88% 91% 86% Total LHI % of Deposits 27% 26% 30% Non-Interest Bearing % of Deposits $75.71 $75.28 $68.00 Book Value Per Share $75.67 $75.25 $67.97 Tangible Book Value Per Share6
6 $4.4 $5.2 $5.4 $4.0 $5.3 $5.5 $5.9 $5.2 4% 15% 29% 54% 59% 67% $5.1 $5.5 $5.2 $4.7 $5.9 $6.1 $6.1 $7.0 $5.8 $5.6 $5.7 $5.4 $5.3 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $11.3 $11.8 $11.9 $12.2 $12.5 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 ◼ Total LHI increased $2.8bn or 13% YoY to $25.2bn, supported by continued commercial loan growth and higher mortgage finance balances ◼ Ending period commercial loans increased $1.2bn or 10% YoY to $12.5bn ◼ Growth driven by continued success winning new client relationships; C&I commitments up $2.8bn or 14% YoY ◼ Commercial real estate loans declined modestly to $5.3bn, down $91mm or 2% QoQ ◼ Average mortgage finance loans declined 11% QoQ to $5.2bn during the seasonally slower Q1 ◼ Period end balances were 33% higher than average balances in Q1 2026 as the industry enters a seasonally strong mortgage origination period ◼ Enhanced credit structures represented 67% of period end balances, compared to 15% in Q1 last year, resulting in a current blended risk weighting of 53% on MF9 loans ◼ Credits in the enhanced structures at quarter end carry a blended 30% risk weight Loan Portfolio Composition Mortgage Finance Loans ($bn) Commercial Loans ($bn) Commercial Real Estate Loans ($bn) Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Average Period End Enhanced Credit Structures % of Total Period End
7 2.76% 2.65% 2.62% 2.41% 2.38% 2.54% 2.41% 2.36% 2.18% 2.16% 3.97% 3.83% 3.76% 3.47% 3.32% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $3.4 $3.4 $3.4 $3.5 $3.3 $3.4 $4.5 $4.8 $4.9 $5.0 $4.2 $4.2 $17.4 $18.0 $19.0 $19.1 $18.4 $18.4 $0.5 $0.3 $0.0 $0.0 $0.4 $2.5 $25.7 $26.5 $27.4 $27.6 $26.3 $28.5 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q1 2026 Q1 2026 EOP Deposit and Funding Composition ◼ Period end total deposit balances increased $2.5bn or 9% YoY ◼ Ending non-interest bearing deposits, excl. MF9 deposits increased for the second straight quarter, growing $76mm, now up $309mm, or 10% since Q3 2025 ◼ Average MF9 non-interest bearing deposits declined to $4.2bn QoQ, coupled with the seasonal decline in average MF9 loans resulted in an improvement in the self- funding ratio to 80% ◼ The multi-year focus on deliberately managing the self-funding ratio continued with a year over year improvement from 113% in Q1 2025 ◼ The majority of MF9 non-interest bearing deposits are compensated through relationship pricing which results in application of an interest credit to either the client’s mortgage finance or commercial loan yield ◼ The periodic assessment of interest credit allocation resulted in a change during Q1 of 2026; 70% of interest credits were applied to mortgage finance loans, compared to 60% in prior periods ◼ Average cost of interest bearing deposits declined by 15bps to 3.32% ◼ Cumulative beta of 75% since the beginning of the easing cycle Average Deposit Trends ($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. MF9 MF9 Non-Interest Bearing Interest Bearing Interest Bearing Brokered YoY Change Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 ($0.3)$4.2 $5.0 $4.9 $4.8 $4.5 Average MF9 Non-Interest Bearing Deposits ($bn) $1.3 $5.2 $5.9 $5.5 $5.3 $4.0 Average MF9 Loans ($bn) (33%)80% 85% 90% 91% 113% MF9 Self Funding Ratio
8 (12.9%) (11.3%) (6.7%) (5.6%) 3.6% 2.8% 6.8% 5.5% (10.0%) (8.0%) (6.0%) (4.0%) (2.0%) 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Q4 2025 Q1 2026 -200bps Shock -100bps Shock +100bps Shock +200bps Shock Net Interest Income Sensitivity Standard Model Assumptions10 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) $1,062mm$1,009mm Base NII11 Q1 2026Q4 2025 Yield Balance ($mm) Yield Balance ($mm) 3.60% $2,420 3.95% $2,994 Interest Bearing Cash and Equivalents 4.30% 4,635 3.98% 4,629 Debt & Equity Securities 0.00% 3 0.00% 0 Loans Held for Sale 6.64% 18,172 6.70% 18,177 LHI Excl. Mortgage Finance LHI 3.99% 5,239 4.13% 5,891 Mortgage Finance LHI --(268)--(278)ACL on Loans 5.63% $30,201 5.61% $31,414 Earning Assets ◼ 94% of LHI excl. mortgage finance LHI is variable rate ◼ $1bn of loans are fixed rate with 10% maturing or repricing in the next 12 months ◼ Added $500mm of 2 year receive-fixed swaps with a weighted average receive rate of 3.45% against 1-month SOFR during the quarter ◼ $100mm effective March 1st while $400mm became effective April 1st Impacts of Mortgage Finance ◼ Mortgage finance LHI represents 22% of the average total LHI portfolio with the majority tied to 1-month SOFR ◼ The average SOFR rate for the quarter declined by 24bps compared to last quarter ◼ Given the current outlook and observed seasonality, the average mortgage finance self funding ratio is expected to be between 70-80% in the medium term ◼ 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 mortgage finance loan volumes in either a lower or higher rate environment $69 $37 ($68) ($130) $59 $30 ($59) ($120) Receive Rate Average Notional Balance ($bn) 3.45% 1.9 Q1 2026 3.46% 2.2 Q2 2026 3.46% 2.2 Q3 2026 3.46% 2.2 Q4 2026 3.46% 2.2 Q1 2027 3.46% 2.2 Q2 2027 3.43% 2.0 Q3 2027 Cash Flow Hedging Profile Earning Assets Profile (Average)
9 $267.4 ($0.0) ($9.0) ($6.5) ($3.2) ($0.7) ($5.8) $3.0 $10.4 ($0.9) $254.7 Q4 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 Q1 2026 $131.6 $118.8 $119.9 $108.9 $137.9 $71.4 $70.1 $70.7 $77.6 $74.2 $1.4 ($2.2) $1.4 $203.0 $190.3 $190.6 $184.2 $213.6 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 $236.0 $253.4 $271.8 $267.4 $254.7 $44.4 $54.1 $68.6 $60.0 $69.3 $1.9 $280.5 $307.5 $340.4 $327.5 $324.0 3.19% 3.35% 3.47% 3.38% 3.43% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 65% 62% 63% 59% Q1-2026 Earnings Overview Net Interest Income ($mm) Total Revenue ($mm) Non-Interest Expense ($mm) 64% 9 9 9 9 35% 37% 37% Salaries & Benefits Other NIE Non-Recurring Items2Net Interest Income Non-Recurring Items2 35% 42% 1% 1% Non-Interest Income Net Interest Margin ◼ Net interest income declined $12.7mm QoQ from seasonal mortgage finance factors and anticipated loan repricing which was partially offset by deposit repricing ◼ Non-interest income increased $24.8mm or 56% YoY to $69.3mm ◼ Quarterly adjusted non-interest expense2 increased $25.7mm QoQ to $212.2mm, impacted by incentive accrual resets and other seasonal payroll and compensation expenses ◼ Other seasonal payroll and compensation expense was approx. $17mm in Q1 2026 compared to $14mm in Q1 of last year (1%)
10 ◼ Non-interest income increased $24.8mm or 56% YoY to $69.3mm, representing 21% of total revenue compared to 16% in Q1 2025 ◼ Fee income from areas of focus reached a record $58.8mm, reflecting the deepening of client relationships across the Firm’s full suite of capabilities ◼ Investment banking and trading income of $42.3mm, a record high, driven by broad based contributions across our offerings ◼ Treasury product fees5 increased 14% YoY to a record high, as clients continue to ramp volumes and expand their product use ◼ Wealth management fees grew 11% YoY to a record $4.4mm, supported by AUM growth of 16% YoY 61% Investment Banking & Trading 6% Wealth 17% Treasury5 16% Other $44.4 $54.1 $68.6 $60.0 $69.3 $56.0 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Non-Interest Income YoY Growth Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025 16%$4.4 $4.2 $4.2 $4.1 $3.8 Assets Under Management12 ($bn) 11%$4.4 $4.2 $4.0 $3.7 $4.0 Wealth Management & Trust Fee Income ($mm) 14%$12.1 $11.1$11.1 $11.6 $10.6 Treasury Product Fees5 ($mm) 89%$42.3 $36.0 $41.2 $32.0 $22.4 Investment Banking & Trading Income ($mm) 59%$58.8 $51.3 $56.3 $47.3 $37.0 Income from Areas of Focus ($mm) Non-Interest Income ($mm) % of Total Revenue, Adj.2 16% 18% 20% 18% 21% Non-Interest Income Non-Interest Income, Adj.2 Non-Interest Income Composition Q1 2026
11 71% 64% 51% 40% 29% 28% 34% 48% 60% 71% 1% 2% 1% $484.2 $339.9 $249.6 $346.6 $366.4 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 0.30% 0.36% 0.30% 0.38% 0.50% 0.18% 0.22% 0.23% 0.18% 0.30% 3.41% 2.66% 2.19% 2.64% 2.58% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 3.6x 2.8x 2.3x 1.48% 1.38% 1.32% 1.85% 1.82% 1.81% Q1 2025 Q4 2025 Q1 2026 80% 92% 91% 84% 70% 20% 8% 9% 16% 30% $278.7 $297.5 $280.1 $288.3 $284.2 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Asset Quality Trends Allowance for Credit Loss Reserve Ratios Asset Quality Ratios Special Mention Composition ($mm) Substandard Composition ($mm) $17.4 $10.7 $13.7 $13.0 $9.8 Net Charge-Offs ($mm) Total ACL / Non- accrual Loans HFI ◼ Total ACL of $331.5mm ◼ Total ACL, excl. MF9 increased $2.3mm QoQ to $328.9mm ◼ Total ACL, excl. MF9 to LHI, excl. MF9 is in the top decile among Peers13 Total ACL to LHI ratio ◼ $17.4mm of quarterly net charge-offs, 0.30% of average LHI, primarily related to previously identified problem credits ◼ Quarterly provision expense as a percentage of average LHI of 28bps ◼ Quarterly provision expense as a percentage of average LHI excl. MF9 of 36bps ◼ Criticized LHI declined $112mm or 15% YoY, with the percentage of total LHI declining 83bps to 2.58% ◼ Criticized loans increased $15.7mm or 2% linked quarter ◼ Non-performing assets represented 50 basis points of total assets at quarter- end, with the $28 million QoQ increase driven by several credits across diversified industries Commercial Mortgage Finance Real Estate ConsumerCommercial Mortgage Finance Real Estate Consumer Total ACL / LHI Total ACL, Excl. MF9 / LHI Excl. MF9 Q1 2025 Q4 2025 Q1 2026 Criticized / LHI NPAs / Total Assets NCOs / Avg. LHI
12 11.63% 11.45% 12.14% 12.13% 11.99% >11.00% 1.46% 1.41% 1.46% 1.47% 1.45% 2.51% 2.44% 2.50% 2.52% 2.49% 15.61% 15.30% 16.10% 16.12% 15.93% Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 2026 Guidance 67.97 70.14 73.02 75.25 75.67 68.00 70.17 73.05 75.28 75.71 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 9.97 10.04 10.25 10.56 9.879.98 10.05 10.26 10.56 9.87 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Tangible Common Equity / Tangible Assets4 Common Equity / Total Assets 2026 Guidance Capital Position and Trends ◼ Regulatory capital ratios remain strong ◼ During the first quarter, the Firm issued $400mm of fixed-to-floating rate senior notes at 5.30% due in 2032 ◼ Subsequently executed a $400mm fair value hedge on the senior notes, effectively converting to a floating rate of SOFR + 197bps ◼ The Firm expects to redeem $375mm of holding company subordinated notes in the second quarter, utilizing proceeds from the senior note issuance ◼ Tangible common equity to tangible assets4 of 9.87%, an important characteristic of our financially resilient business model and a key metric as we manage the balance sheet through-cycle ◼ Tangible book value per share6 expanded $7.70 or 11% YoY as a result of income generated and repurchase activity, offset by AOCI decline ◼ TBVPS6 of $75.67 is an all-time high for the Firm ◼ Repurchased 770 thousand shares in Q1 2026 for a total of $75mm at a weighted average price of approximately 127% of prior month tangible book value per share6 ◼ $125mm remaining on the 2026 authorization at the end of Q1 Regulatory Capital Levels Tangible Common Equity / Tangible Assets4 (%) Period End AOCI ($mm) (87)(65)(84)(113)(136) AOCI per Share ($) (1.99)(1.46)(1.84)(2.47)(2.96) Peer13 Tangible Common Equity / Tangible Assets4 (%) 8.738.558.468.25 CET1 Tier 1 Capital Tier 2 Capital Tangible Book Value per Share6 Book Value per Share Tangible Book Value per Share6 ($)
13 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 curve14 assumes 25bps cut in December with an exit rate of 3.50% at year end 2026 ◼ Tax rate expected to be approximately 25% for the full year in 2026 Guidance Commentary
14 1. Comparisons vs. Q1 2025 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 non-trading FX transactions, all of which are included in other non-interest income and totaled $2.8mm, $3.4mm, $3.0mm, $2.6mm, and $2.9mm for Q1 2025, Q2 2025, Q3 2025, Q4 2025, and Q1 2026 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. “MF” used as abbreviation for Mortgage Finance 10. Model assumptions are only for Q1 2026; See prior TCBI Earnings Materials for prior model assumptions 11. Baseline scenarios hold constant balances, market rates, and assumptions as of period end reporting 12. Assets Under Management includes non-discretionary brokerage assets that the Firm earns wealth management and trust fee income on 13. Major exchange traded US peer banks with $20-100bn in total assets, excluding PR headquartered banks and merger targets; Source: S&P Capital IQ Pro; peer data as of Q4 2025 14. Forward curve as of March 15, 2026 Appendix // Footnotes
15 Non-GAAP Reconciliation // Return on Average Tangible Common Equity (ROATCE) ROATCE is a non-GAAP financial measure. ROATCE represents the measure of net income available to common shareholders as a percentage of average tangible common equity. ROATCE is used by management in assessing financial performance and use of equity. A reconcilement of ROATCE to the most directly comparable U.S. GAAP measure, ROACE, for all periods is presented below. (1) See slide Non-GAAP Reconciliation // Adjusted Earnings & Ratios YoY ChangeQ1 2026Q1 2025 Adjusted1As Reported Adjusted1As Reported Adjusted1As Reported ($mm, unless noted otherwise) $27.8 $26.7 $70.5 $69.5 $42.7 $42.7 Net Income to Common $259.5 $259.5 $3,373.9 $3,373.9 $3,114.4 $3,114.4 Average Common Equity 0.0 0.0 1.5 1.5 1.5 1.5 Less: Average Goodwill & Intangibles $259.5 $259.5 $3,372.4 $3,372.4 $3,112.9 $3,112.9 Average Tangible Common Equity 2.9%2.8%8.5%8.4%5.6%5.6%ROACE 2.9%2.8%8.5%8.4%5.6%5.6%ROATCE
16 Non-GAAP Reconciliation // Adjusted Earnings & Ratios FY 2025 YoY Change Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 ($mm, except per share) $1,028.6 $18.7 $254.7 $267.4 $271.8 $253.4 $236.0 Net Interest Income 227.1 24.8 69.3 60.0 68.6 54.1 44.4 Non-Interest Revenue Adjustments for Non-Recurring Items: 1.9 ----1.9 -Loss on AFS Debt Securities Sale 229.0 24.8 69.3 60.0 68.6 56.0 44.4 Non-Interest Revenue, Adjusted 1,255.8 43.5 324.0 327.5 340.4 307.5 280.5 Total Revenue1 1,257.7 43.5 324.0 327.5 340.4 309.4 280.5 Total Revenue, Adjusted1 768.1 10.5 213.6 184.2 190.6 190.3 203.0 Non-Interest Expense Adjustments: (1.4)(1.4)(1.4)--(1.4)-Restructuring Expense 2.2 --2.2 ---FDIC Special Assessment 768.9 9.1 212.2 186.4 190.6 188.9 203.0 Non-Interest Expense, Adjusted 487.7 33.0 110.4 143.3 149.8 117.2 77.5 PPNR2 488.8 34.4 111.8 141.0 149.8 120.5 77.5 PPNR, Adjusted2 55.0 (1.0)16.0 11.0 12.0 15.0 17.0 Provision for Credit Losses 102.5 7.2 20.6 31.6 32.6 24.9 13.4 Income Tax Expenses 0.2 0.3 0.3 (0.5)-0.8 -Tax Impact of Adjustments Above 102.7 7.6 21.0 31.1 32.6 25.6 13.4 Income Tax Expenses, Adjusted 330.2 26.7 73.8 100.7 105.2 77.3 47.0 Net Income3 331.0 27.8 74.8 98.9 105.2 79.8 47.0 Net Income, Adjusted3 17.3 -4.3 4.3 4.3 4.3 4.3 Preferred Stock Dividends 313.0 26.7 69.5 96.3 100.9 73.0 42.7 Net Income to Common4 313.8 27.8 70.5 94.6 100.9 75.5 42.7 Net Income to Common, Adjusted4 $31,828.1 $271.5 $31,375.1 $32,606.3 $32,162.7 $31,419.5 $31,103.6 Average Assets 1.04% 0.34% 0.95% 1.22% 1.30% 0.99% 0.61% Return on Average Assets 1.04% 0.36% 0.97% 1.20% 1.30% 1.02% 0.61% Return on Average Assets, Adjusted 1.53% 0.42% 1.43% 1.74% 1.85% 1.50% 1.01% PPNR2 / Average Assets 1.54% 0.44% 1.45% 1.72% 1.85% 1.54% 1.01% PPNR, Adjusted2 / Average Assets $3,264.4 $259.5 $3,373.9 $3,420.0 $3,324.2 $3,195.0 $3,114.4 Average Common Equity 9.59% 2.79% 8.35% 11.18% 12.04% 9.17% 5.56% Return on Average Common Equity 9.61% 2.92% 8.48% 10.98% 12.04% 9.48% 5.56% Return on Average Common Equity, Adjusted 46,127,375 (2,015,575)44,601,129 45,509,370 46,233,167 46,215,394 46,616,704 Diluted Common Shares $6.79 $0.64 $1.56 $2.12 $2.18 $1.58 $0.92 Earnings per Share $6.80 $0.66 $1.58 $2.08 $2.18 $1.63 $0.92 Earnings per Share, Adjusted 61.2%(6.5%)65.9% 56.2%56.0%61.9%72.4%Efficiency Ratio5 61.1%(6.9%)65.5% 56.9%56.0%61.1%72.4%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