TCBI

Texas Capital Bancshares Share Repurchase Program: Texas Capital Bancshares, Inc. has approved a new $200 million share repurchase program effective from December 12, 2025, to December 31, 2026, replacing the previous authorization set to expire in early 2026.

Financial Health and Repurchase Sustainability: The bank's solid capital levels and liquidity position, with a total capital ratio of 16.1% and $3.06 billion in liquid assets, support the sustainability of the share repurchase program.

Comparative Performance of Other Banks: Other banks like BOK Financial Corporation and Cullen/Frost Bankers, Inc. are also engaging in shareholder rewards through dividends and share repurchase programs, indicating a trend among financial institutions.

Stock Performance: TCBI's shares have increased by 29.1% over the past six months, significantly outperforming the industry average growth of 7.3%.

Liquidation Announcement: The Texas Capital Funds Trust Board has authorized the orderly liquidation of the Texas Capital Texas Small Cap Equity Index ETF (TXSS) due to considerations regarding its size and growth trajectory, with the last trading day set for December 8, 2025.

Shareholder Actions: Shareholders can sell their holdings before the Closing Date, and those who hold shares until the Liquidation Date on December 15, 2025, will receive a cash distribution based on the net asset value of their holdings, which may have tax implications.

Investment Alternatives: Investors are encouraged to consider the Texas Capital Texas Equity Index ETF (TXS) as an alternative for continued exposure to the growth of the Texas economy, as TXSS shares some portfolio attributes with TXS.

Company Overview: Texas Capital Bancshares, Inc. is a full-service financial institution providing a range of services to clients, with its subsidiary Texas Capital Bank serving as the investment adviser to the Fund.