TEXAS CAPITAL BANCSHARES INC/TX Business Summary

Texas Capital Bancshares, Inc. (TCBI) is a Dallas-based financial services holding company that generates revenue through a dual-engine model of net interest income (NII) and high-growth fee-based services. Its primary business segments include Commercial Banking, Corporate & Investment Banking (CIB), Treasury Solutions, and Private Wealth Management, with a specialized focus on the Texas middle market and national mortgage finance. Following its 2021–2025 strategic transformation, the firm has significantly diversified its income, with non-interest revenue from investment banking and trading now accounting for approximately 18% of total earnings as of early 2026. TCBI competes directly with regional powerhouses such as Cullen/Frost Bankers (CFR), Prosperity Bancshares (PB), and BOK Financial (BOKF), distinguishing itself by integrating "Wall Street" investment banking capabilities into a regional banking framework to serve as the flagship financial institution headquartered in Texas. Founded in 1998 by a group of veteran bankers including Joseph M. "Jody" Grant, Texas Capital is currently led by Chairman, President, and CEO Rob C. Holmes, who joined in 2021 following a 31-year tenure at JPMorgan Chase. The leadership team, which includes CFO Matt Scurlock, Head of Corporate & Investment Banking Daniel Hoverman, and Chief Information Officer Donald Goin, is characterized by a high concentration of former "bulge bracket" executives tasked with executing the firm's technology-forward transformation. The company maintains a strong institutional shareholder base featuring BlackRock, Vanguard, and State Street, with governance provided by a board that includes Lead Director Robert W. Stallings and Ranjana B. Clark. This leadership cohort has successfully transitioned the bank into a cloud-native, full-service firm with an expanding national footprint that now includes offices in New York, Chicago, and Los Angeles.