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TCBI on Nasdaq

Texas Capital Bank

Commercial bank

Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares.3 Its shares trade on Nasdaq under the symbol TCBI.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1998Founded1

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  • TickerTCBI on Nasdaq1
  • Industrybank1
  • HeadquartersDallas1
  • Websitewww.texascapitalbank.com
  • Legal formDelaware corporation1
  • Business address2000 Mckinney Ave, Suite 700, Dallas, Tx 752015
  • Filer categoryLarge accelerated filer5
  • LEI549300466Q2SXRX0YM484
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 26864444

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Texas Capital Bank is a bank headquartered in Dallas, Texas. The bank has branches located in every major city in Texas. Its parent bank holding company is Texas Capital Bancshares. It also operates an online-only banking division, Bask Bank.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income89101112$330.2M in 2025+6% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $312.0M$312.0M20192020: $66.3M$66.3M2020−79%2021: $253.9M$253.9M2021+283%2022: $332.5M$332.5M2022+31%2023: $189.1M$189.1M2023−43%2024: $77.5M$77.5M2024−59%2025: $330.2M$330.2M2025+326%

Every line of the income statement as filed: the last 3 fiscal years, latest first.12

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$1.4B$1.4B$1.3B
Investment securities$189.0M$148.2M$108.3M
Interest bearing cash and cash equivalents$137.8M$203.4M$221.0M
Total interest income$1.8B$1.7B$1.6B
Deposits$697.8M$736.2M$587.8M
Short-term borrowings$14.4M$50.0M$70.6M
Long-term debt$31.0M$42.1M$57.4M
Total interest expense$743.1M$828.2M$715.8M
Net interest income$1.0B$901.3M$914.1M
Provision for credit losses$55.0M$67.0M$72.0M
Net interest income after provision for credit losses$973.6M$834.3M$842.1M
Service charges on deposit accounts$32.5M$25.5M$20.9M
Wealth management and trust fee income$15.9M$15.3M$14.0M
Brokered loan fees$9.2M$9.0M$8.9M
Investment banking and advisory fees$104.6M$105.0M$63.7M
Trading income$27.1M$21.6M$22.5M
Available-for-sale debt securities gains/(losses)-$1.9M-$179.6M$489.0K
Other$39.7M$34.2M$31.0M
Total non-interest income$227.1M$31.0M$161.4M
Salaries and benefits$480.5M$466.6M$459.7M
Occupancy expense$47.6M$45.3M$38.5M
Marketing$17.4M$22.3M$25.9M
Legal and professional$50.1M$53.8M$64.9M
Communications and technology$98.9M$93.1M$81.3M
Federal Deposit Insurance Corporation insurance assessment$17.9M$23.4M$36.8M
Other$55.6M$53.9M$49.9M
Total non-interest expense$768.1M$758.3M$756.9M
Income before income taxes$432.7M$107.1M$246.6M
Income tax expense$102.5M$29.6M$57.5M
Net income$330.2M$77.5M$189.1M
Preferred stock dividends-$17.2M-$17.2M-$17.2M
Net income available to common stockholders$313.0M$60.3M$171.9M
Change in unrealized gain/(loss)$123.0M-$31.6M$4.3M
Amounts reclassified into net income$29.6M$253.3M$67.8M
Other comprehensive income$152.6M$221.7M$72.1M
Income tax expense$34.1M$42.8M$15.1M
Other comprehensive income, net of tax$118.5M$178.9M$56.9M
Comprehensive income$448.8M$256.4M$246.1M
Basic earnings/(loss) per common share (in usd per share)$6.86$1.29$3.58
Diluted earnings/(loss) per common share (in usd per share)$6.79$1.28$3.54

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Corporate structure

Texas Capital Bank sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Texas Capital Bank

  • Texas Capital Bank Dallas, Texas, United States
    • TCB Public Funding, Inc. Subsidiary · Texas, United States
    • TCBI Securities, Inc. Subsidiary · Texas, United States
    • TEXAS CAPITAL ALTERNATIVE ASSET MANAGEMENT, LLC Subsidiary · Dallas, Texas, United States
    • Texas Capital Bank Subsidiary · Dallas, Texas, United States
    • Texas Capital Bank Wealth Management Services, Inc. Subsidiary · Texas, United States
    • Texas Capital Community Development Corporation Subsidiary · Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Texas Capital Bank reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$131.7M12 Dec 31, 2025$121.6M12 Dec 31, 2024+8.3%
Accumulated depreciation$43.7M12 Dec 31, 2025$36.1M12 Dec 31, 2024+21.0%
Property and equipment, net$88.0M12 Dec 31, 2025$85.4M12 Dec 31, 2024+3.0%
Finance-lease assets$2.9M12 Dec 31, 2025$227.0K12 Dec 31, 2024+1185.5%
Operating-lease assets (leased space)$163.9M12 Dec 31, 2025$166.2M12 Dec 31, 2024−1.4%

Investments

ItemLatestA year beforeChange
Equity securities at fair value$42.0M12 Dec 31, 2025$75.3M12 Dec 31, 2024−44.2%
Loans, net of allowance$23.8B12 Dec 31, 2025$22.2B12 Dec 31, 2024+7.2%
Deposits held (banks)$26.4B12 Dec 31, 2025$25.2B12 Dec 31, 2024+4.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.5M12 Dec 31, 2025$1.5M12 Dec 31, 20240%

Properties, in its own words

The Company’s corporate headquarters is located in Dallas, Texas. These facilities, which the Company leases, house its executive and primary administrative offices, as well as the principal banking headquarters of Texas Capital Bank and primary office of supervisory of Texas Capital Securities. The Company also leases other facilities in its primary Texas market regions of Austin, Dallas, Fort Worth, Houston and San Antonio, as well as in California and New York, some of which operate as full-service banking centers. The Company also leases an operations center in Richardson, Texas that houses its loan and deposit operations and customer call center.

Item 2 of the 10-K filed Feb 10, 2026.17

The story

The bank was established on December 18, 1998, by a group of entrepreneurial bankers who were able to raise $80 million in start-up capital, the most for a new financial institution at that time. In 2003, the company completed an IPO. The online-only subsidiary Bask Bank was launched in early 2020.

In 2020, a potential merger with Independent Bank Group of McKinney, Texas collapsed, causing the CEO to step down. In late 2021, the new CEO adopted a strategy of moving away from loan-oriented growth in the commercial banking sector, towards becoming a full-service financial institution over the following five years, and launched a new investment bank division.

On September 6, 2022, it was announced that Texas Capital Bancshares would sell BankDirect Capital Finance, a premium financing company founded in 2005, to Truist Financial for $3.4 billion. The sale was part of its strategic shift, allowing it to shed a non-core business while increasing its capital levels during the transition.

In March 2022, Texas Capital Bank was named by Newsweek Magazine as the most trustworthy bank in America, based on a survey of 50,000 U.S. residents. In October 2022, it expanded its lease at 2000 McKinney Avenue in Uptown Dallas for its headquarters, and the building was renamed Texas Capital Center. Texas Capital Bancshares received investments from several hedge funds in late 2022.

From Wikipedia’s article on Texas Capital Bank, shared under CC BY-SA 4.0.6

Leadership

Who has led Texas Capital Bank, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. George F. Jones Jr.2006–2013
  2. Joseph M. Grant2006–2008
  3. C. Keith Cargill2014–2020
  4. Larry L. Helm2020–2021
  5. Rob C. Holmes2021–now

Chair

  1. Rob C. Holmes2026–now

President

  1. George F. Jones Jr.2008–2013
  2. C. Keith Cargill2009–2020
  3. Vince A. Ackerson2010–2020
  4. Larry L. Helm2020–2021
  5. Rob C. Holmes2021–now

Chief financial officer

  1. Peter B. Bartholow2006–2017
  2. Julie L. Anderson2017–2021
  3. John Matthew Scurlock2022–now

Chief operating officer

  1. C. Keith Cargill2009–2013
  2. Peter B. Bartholow2014–2018
200020052010201520202025
Board members and other officers (37)

Products and brands

The bank primarily serves clients and operates full-service locations in Austin, Dallas, Fort Worth, Houston, and San Antonio metropolitan areas of Texas. It also has an executive office in New York. As of March 2023, the company held $28.4 billion in assets and had around 2,200 employees.

The bank offers many business deposit products and services, as well as other treasury management services and consumer deposit products. The company also provides commercial loans and financing for corporate purposes, and personal wealth management and trust services. It also has an online-only banking division, Bask Bank, with perks focusing on frequent airline fliers. It operates a nonprofit arm called Texas Capital Bank Foundation.

From Wikipedia’s article on Texas Capital Bank, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • TCB Public Funding, Inc. Texas7
  • TCBI Securities, Inc. Texas7
  • Texas Capital Alternative Asset Management, LLC Delaware7
  • Texas Capital Bank Texas7
  • Texas Capital Bank Wealth Management Services, Inc. Texas7
  • Texas Capital Community Development Corporation Texas7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 16, 20268-K Executive or director change64
  2. Sep 14, 20268-K Listing notice or transfer; Regulation FD disclosure65
  3. Jul 22, 20268-K Results of operations66
  4. Apr 23, 20268-K Results of operations; Executive or director change; Shareholder vote67
  5. Mar 9, 20268-K Other events68
  6. Feb 27, 20268-K Other events69
  7. Feb 20, 20268-K Bylaws or fiscal year changed70
  8. Jan 22, 20268-K Results of operations71
  9. Dec 2, 20258-K Other events72
  10. Nov 3, 20258-K Regulation FD disclosure73
  11. Oct 22, 20258-K Results of operations74
  12. Jul 17, 20258-K Results of operations75
  13. Feb 8, 2021New chief executive Rob C. Holmes becomes CEO18
  14. Aug 19, 2020New chief executive Larry L. Helm becomes CEO19
  15. Jun 6, 2014New chief executive C. Keith Cargill becomes CEO20
  16. Apr 26, 2006New chief executive Joseph M. Grant becomes CEO22
  17. Apr 26, 2006New chief executive George F. Jones Jr. becomes CEO21
  18. Aug 13, 2003Went public Listed on NASDAQ1
  19. 1998Founded Founded1

Calendar

When it reported results

  1. Jul 22, 2026Reported quarterly or annual results66
  2. Apr 23, 2026Reported quarterly or annual results67
  3. Jan 22, 2026Reported quarterly or annual results71
  4. Oct 22, 2025Reported quarterly or annual results74
  5. Jul 17, 2025Reported quarterly or annual results75
  6. Apr 17, 2025Reported quarterly or annual results76
  7. Jan 23, 2025Reported quarterly or annual results77
  8. Oct 17, 2024Reported quarterly or annual results78

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

437 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 297 insider forms, 25 large holders, 55 other. The latest 20:

  1. Oct 8, 2026CERT TCBI PRB 8A CERTIFICATION EDGAR
  2. Oct 8, 202625 25 NOTIFICATION OF REMOVAL FROM LISTING AND REGISTRATION EDGAR
  3. Oct 8, 20268-A12B 8-A12B FORM FOR THE REGISTRATION/ LISTING OF A CLASS OF SECURITIES EDGAR
  4. Oct 7, 2026CERT TCBI 8A CERTIFICATION EDGAR
  5. Oct 7, 202625 25 NOTIFICATION OF REMOVAL FROM LISTING AND REGISTRATION EDGAR
  6. Oct 7, 20268-A12B 8-A12B FORM FOR THE REGISTRATION/ LISTING OF A CLASS OF SECURITIES EDGAR
  7. Sep 16, 20268-K EDGAR
  8. Sep 14, 20268-K EDGAR
  9. Aug 20, 20264 EDGAR
  10. Jul 27, 20264 EDGAR
  11. Jul 24, 2026144 EDGAR
  12. Jul 23, 202610-Q EDGAR
  13. Jul 22, 20268-K EDGAR
  14. Jul 6, 20264 EDGAR
  15. Jun 16, 20264 EDGAR
  16. Jun 10, 20264 EDGAR
  17. Jun 9, 2026144 EDGAR
  18. Jun 9, 2026144 EDGAR
  19. Jun 9, 2026144 EDGAR
  20. Jun 8, 20264 EDGAR

The 437 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

174 open-market trades by officers, directors and large owners since October 2021: 168 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 24, 2026Detrich EllenControllerSale2,045$100.03$204.6KForm 4
Jun 15, 2026Scurlock John MatthewChief Financial OfficerBuy44$101.29$4.4KForm 4
Jun 9, 2026Alvarado Anna MChief Legal OfficerSale3,500$100.95$353.3KForm 4
Jun 8, 2026Holmes Rob CChairman, President and CEOSale49,500$101.22$5.0MForm 4
Jun 5, 2026Holmes Rob CChairman, President and CEOSale49,100$101.88$5.0MForm 4
Mar 11, 2026Arbour Paola MDirectorBuy1,000$91.50$91.5KForm 4
Mar 6, 2026STALLINGS ROBERT WDirectorBuy5,500$22.80$125.4KForm 4
Mar 5, 2026STALLINGS ROBERT WDirectorBuy20,000$22.69$453.8KForm 4
Mar 4, 2026STALLINGS ROBERT WDirectorBuy15,000$22.51$337.6KForm 4
Mar 3, 2026STALLINGS ROBERT WDirectorBuy30,000$22.11$663.3KForm 4
Mar 2, 2026STALLINGS ROBERT WDirectorBuy20,000$22.22$444.4KForm 4
Feb 27, 2026STALLINGS ROBERT WDirectorBuy8,330$51.30$427.3KForm 4
Feb 24, 2026STALLINGS ROBERT WDirectorBuy20,000$22.26$445.2KForm 4
Feb 23, 2026STALLINGS ROBERT WDirectorBuy20,000$22.14$442.8KForm 4
Feb 18, 2026STALLINGS ROBERT WDirectorBuy2,000$22.20$44.4KForm 4
Feb 17, 2026STALLINGS ROBERT WDirectorBuy8,000$22.11$176.9KForm 4
Feb 5, 2026STALLINGS ROBERT WDirectorBuy8,385$21.36$179.1KForm 4
Feb 4, 2026STALLINGS ROBERT WDirectorBuy8,500$21.35$181.5KForm 4
Feb 3, 2026STALLINGS ROBERT WDirectorBuy3,600$21.10$76.0KForm 4
Feb 2, 2026STALLINGS ROBERT WDirectorBuy515$20.97$10.8KForm 4

All 174 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Rob C. Holmes$1.1M$7.9M89
2025J. Matthew Scurlock$631.7K$2.6M89
2025John W. Cummings$500.0K$1.7M89
2025David W. Oman$550.0K$1.7M89
2025Anna M. Alvarado-Pearce$570.0K$1.6M89
2024ChairPresident & CEO of the$1.0M$11.7M89
2024MD & CFO of the Company and$598.3K$3.0M89
2024MD & CAO of the Company and$500.0K$2.0M89
2024MD, CLO and Secretary of the$570.0K$2.0M89
2024MD & CRO of the Company$309.4K$1.7M89
2023Company and Texas Capital Bank$1.0M$6.6M89
2023Texas Capital Bank$512.5K$1.4M89

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,598,956$578.1M0.0%+146,959
Dimensional Fund Advisors LP2,873,655$296.7M0.1%+14,319
Aqr Capital Management LLC2,661,695$274.8M0.1%+216,583
State Street Corp2,481,455$256.2M0.0%+60,768
Vanguard Portfolio Management LLC2,142,045$221.2M0.0%+10,044
Vanguard Capital Management LLC1,961,904$202.6M0.0%−16,149
Geode Capital Management, LLC1,369,120$141.4M0.0%+50,614
American Century Companies Inc1,202,117$124.1M0.1%+326,450
Alliancebernstein L.P.1,181,779$112.1M0.0%−36,074
Invesco Ltd.998,679$103.1M0.0%+753,322
Neuberger Berman Group LLC959,772$99.1M0.1%+49,663
Barrow Hanley Mewhinney & Strauss LLC730,479$75.4M0.2%−137,113
Two Sigma Investments, LP689,017$71.1M0.1%+396,748
Massachusetts Financial Services Co /ma/685,743$70.8M0.0%−48,945
Northern Trust Corp588,139$60.7M0.0%+14,910
Hood River Capital Management LLC559,206$57.7M0.4%+42,240
Charles Schwab Investment Management Inc494,085$51.0M0.0%−9,931
Wellington Management Group Llp483,210$49.9M0.0%+155,201
Bank Of America Corp /de/464,813$48.0M0.0%+86,298
Norges Bank448,983$46.4M0.0%New
Bank of New York Mellon Corp418,787$43.2M0.0%+35,229
Azora Capital LP407,750$42.1M1.8%+7,750
Morgan Stanley406,461$42.0M0.0%−7,130
D. E. Shaw & Co., Inc.393,039$40.6M0.0%+112,898
Segall Bryant & Hamill, LLC388,231$40.1M0.5%−14,164

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 30, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−15.5%Report
May 29, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−10.9%Report
Oct 31, 2024Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−17.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Texas Capital Bank is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTEXAS CAPITAL BANCSHARES INC/TX2
  • CIK0001077428
  • Employer ID (EIN)75-267910917
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company17
  • Incorporated inDelaware17
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address2000 Mckinney Ave, Suite 700, Dallas, TX 752012
  • Phone21493266002
  • Shares outstanding43,474,369 as of Jul 21, 202614
  • Public float$3.6B as of Jun 30, 202517
  • AuditorErnst & Young LLP, Dallas, TX PCAOB ID 42; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceMay 1, 20002
  • Filings1,671 in all: 4 (850), 8-K (209), 13F-HR (84), 10-Q (79), SC 13G/A (75), 3 (42), 4/A (35), DEF 14A (28)2
    All 52 form types

    SC 13G (25), 10-K (24), DEFA14A (24), 13F-HR/A (23), 425 (19), 424B2 (12), 424B5 (12), UPLOAD (11), CORRESP (8), FWP (8), 144 (7), EFFECT (7), S-8 (7), 5 (6), 8-A12B (6), S-3 (6), PRE 14A (5), S-3/A (5), ARS (4), S-3ASR (4), 25-NSE (3), 424B3 (3), 8-K/A (3), CERT (3), CERTNAS (3), SC 13D/A (3), SCHEDULE 13G (3), 10-12G/A (2), 10-K/A (2), 10-K405 (2), 25 (2), 3/A (2), POS AM (2), REGDEX (2), SCHEDULE 13G/A (2), 10-12G (1), 10-Q/A (1), 305B2 (1), 424B4 (1), 424B7 (1), 5/A (1), PRER14A (1), S-3MEF (1), SC 13D (1)

  • Latest filingsAnnual report (10-K) Feb 10, 2026
    Quarterly report (10-Q) Jul 23, 2026
    Proxy statement (DEF 14A) Mar 12, 2026
    Latest 8-K (8-K) Sep 16, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareTCBIThe Nasdaq Stock Market
5.75% Non-Cumulative Perpetual Preferred Stock Series B, par value $0.01 per shareTCBIOThe Nasdaq Stock Market

From the cover page of the 10-K filed Feb 10, 2026 (Section 12(b) of the Exchange Act).17

Risk factors and legal proceedings

The risks Texas Capital Bank names in Item 1A of its 10-K filed Feb 10, 2026: 19 risks under these headings, as written.17

  • Strategic Risks
  • Credit Risks
  • Liquidity Risks
  • Market Risks
  • Operational Risks
  • Legal, Regulatory and Compliance Risks
  • Other Risks Affecting the Business
  • The Company may pursue bank and non-bank acquisition opportunities as they arise. However, even if the Company identifies attractive acquisition opportunities, it may not be able to consummate such acquisitions on favorable terms, if at all, or realize the anticipated benefits from such acquisitions.
  • If the Company does not respond to intense competition and rapid changes in the financial services industry or otherwise adapt to changing customer preferences, its financial performance may suffer.
  • Industry adoption of real-time payments networks could negatively impact financial performance through reductions in product profitability, increased liquidity reserves and the potential for increased fraud losses, among other risks.
  • A significant portion of the Company’s assets consists of commercial loans, which may involve a higher degree of credit risk.
  • The Company is dependent on funds obtained from borrowing or capital transactions or from the Bank and its other subsidiaries to fund its obligations.
The other 14 risks
  • Changes in interest rates affect the value of the Company’s securities portfolio, and the Company may realize losses if it were to sell such securities at a time when interest rates are higher than the yield on the Company’s securities portfolio.
  • The Company must effectively manage market risk associated primarily with sales and trading activities.
  • The Company and its vendors and customers must effectively manage information systems and cyber risk and threats which may result in disruptions, failures or breaches in security, including a cyber-attack, which could cause significant harm to the Company and its clients and customers.
  • The Company’s operations rely extensively on a broad range of external vendors.
  • The development and use of AI presents risks and challenges that may adversely impact the Company’s business.
  • The Company’s accounting estimates and risk management processes rely on management judgment, which may prove inadequate, wrong or be adversely impacted by inaccurate or mistakes in assumptions or models.
  • The business is susceptible to fraud and conduct risk.
  • The Company is subject to claims and litigation in the ordinary course of its business, including claims that may not be covered by insurance.
  • The Company could face serious negative consequences if its third-party service providers, business partners, customers or investments fail to comply with applicable laws, rules or regulations.
  • Deposit insurance premiums levied against the Bank could increase.
  • The soundness of other financial institutions could adversely affect the business.
  • Negative developments affecting the banking industry, “contagion effects,” and resulting media coverage, have eroded customer confidence in the banking system.
  • The Company is subject to environmental liability risk associated with lending activities.
  • Negative public opinion could damage the Company’s reputation and adversely affect its earnings.

Legal proceedings

Market risk represents the potential economic loss on trading and non-trading portfolios and financial instruments due to adverse price movements in markets including interest rates, foreign exchange rates, credit spreads, commodity prices and equity and related implied volatility levels. The Company is subject to market risk primarily through the effect of changes in interest rates on its portfolio of assets held for purposes other than trading and interest rate derivative instruments that are used for managing interest rate risk. In addition, the Company has exposure to market risk through its trading desks that engage in securities, derivatives and foreign exchange transactions to support the capital raising, investing and hedging activities of customers. The Company may manage or reduce market risk through the use of hedging, short sale or other similar transactions intended to reduce market risk to be within tolerance levels designated by the Company’s market risk management strategy. The Company uses Value-at-Risk (“VaR”) as a means to measure, monitor, and limit aggregate market risk on the trading portfolio. VaR is a statistical risk measure estimating potential loss at the 95th percentile based on a one-year history of market risk factors associated with the trading portfolio. VaR provides a consistent cross-asset measure for risk profiles and allows for diversification benefit based on historical correlations across market moves. As of December 31, 2025, the Company’s exposure through its trading desk does not pose a significant market risk to the Company. All statistical models involve a degree of uncertainty and VaR is calculated at a statistical confidence interval of the 95th percentile based on one-year daily historic market moves. Larger economic losses are possible, particularly during stressed macroeconomic and market conditions.

The opening of Item 3, Legal Proceedings.17

Sources

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  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
    SEC EDGAROther events
  69. 69
    SEC EDGAROther events
  70. 70
  71. 71
  72. 72
    SEC EDGAROther events
  73. 73
  74. 74
  75. 75
  76. 76
  77. 77
  78. 78
  79. 79
  80. 80
  81. 81
  82. 82
  83. 83
  84. 84
  85. 85
  86. 86
  87. 87
  88. 88
  89. 89