Exhibit 99.1

January 21, 2015

MEDIA & INVESTOR CONTACT

Heather Worley, 214.932.6646

heather.worley@texascapitalbank.com

TEXAS CAPITAL BANCSHARES, INC. ANNOUNCES OPERATING RESULTS FOR 2014

DALLAS – January 21, 2015 – Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced earnings and operating results for the fourth quarter and full year of 2014.

“Our 2014 results are highlighted with outstanding loan and deposit growth and strong earnings amidst a challenging time for our industry,” said Keith Cargill, CEO. “As we enter 2015, we will continue to execute our strategy of leveraging our talent to grow our business while maintaining focus on credit quality. Our fourth quarter capital raise and the buildup of liquidity have positioned us to take advantage of opportunities in 2015 and beyond. ”

• Loans held for investment, excluding mortgage finance, increased 5% and total loans increased 6% on a linked quarter basis, growing 20% and 26%, respectively, from the fourth quarter of 2013.

• Mortgage finance loans increased 9% on a linked quarter basis and 47% from the fourth quarter of 2013.

• Demand deposits increased 6% and total deposits increased 8% on a linked quarter basis, growing 50% and 37%, respectively, from the fourth quarter of 2013.

• Net income increased 3% on a linked quarter basis and 25% from the fourth quarter of 2013.

• EPS remained at $.78, flat on a linked quarter basis, impacted by the increase in shares outstanding from the common stock offering completed in the fourth quarter of 2014, and increased 16% from the fourth quarter of 2013.

FINANCIAL SUMMARY

(dollars and shares in thousands)

	2014			2013			% Change
ANNUAL OPERATING RESULTS
Net income	$	136,352		$	121,051			13	%
Net income available to common stockholders	$	126,602		$	113,657			11	%
Diluted EPS	$	2.88		$	2.72			6	%
ROA		1.05	%		1.17	%
ROE		11.31	%		12.82	%
Diluted shares		44,003			41,780
QUARTERLY OPERATING RESULTS
Net income	$	37,834		$	30,359			25	%
Net income available to common stockholders	$	35,397		$	27,921			27	%
Diluted EPS	$	.78		$	.67			16	%
ROA		1.03	%		1.10	%
ROE		11.41	%		11.94	%
Diluted shares		45,093			41,889
BALANCE SHEET
Total assets	$	15,899,946		$	11,720,064			36	%
Demand deposits		5,011,619			3,347,567			50	%
Total deposits		12,673,300			9,257,379			37	%
Loans held for investment		10,154,887			8,486,603			20	%
Loans held for investment, mortgage finance		4,102,125			2,784,265			47	%
Total loans		14,257,012			11,270,868			26	%
Stockholders’ equity		1,484,190			1,096,350			35	%

DETAILED FINANCIALS

Texas Capital Bancshares, Inc. reported net income of $136.4 million and net income available to common stockholders of $126.6 million for the year ended December 31, 2014 compared to net income of $121.0 million and net income available to common stockholders of $113.7 million for the year ended December 31, 2013. For the fourth quarter of 2014, net income was $37.8 million and net income available to common stockholders was $35.4 million, compared to $30.4 million and $27.9 million, respectively, for the same period in 2013. On a fully diluted basis, earnings per common share were $2.88 for the year ended December 31, 2014 compared to $2.72 for the same period in 2013. Diluted earnings per common share were $.78 for the three months ended December 31, 2014, compared to $.67 for the same period in 2013. Earnings per share results were impacted during 2014 compared to 2013 as a result of common stock offerings that added 4.4 million shares to the base of 41.0 million shares at December 31, 2013.

Return on average common equity (“ROE”) was 11.31 percent and return on average assets (“ROA”) was 1.05 percent for the year ended December 31, 2014, compared to 12.82 percent and 1.17 percent, respectively, for the year ended December 31, 2013. ROE was 11.41 percent and ROA was 1.03 percent for the fourth quarter of 2014, compared to 11.94 percent and 1.10 percent for the fourth quarter of 2013. During the first quarter of 2014, we completed an equity offering of 1.9 million common shares, which increased common equity by $106.5 million. We also completed a $175 million subordinated debt offering during the first quarter of 2014. During the fourth quarter of 2014, we completed an equity offering of 2.5 million common shares, which increased common equity by $149.6 million. These transactions had the effect of reducing ROE. The ROA decrease resulted from the debt offering and from a combination of reduced yields on loans and a $723.4 million increase in average liquidity assets, which include Federal funds sold and deposits in other banks, from the fourth quarter of 2013 to the fourth quarter of 2014.

Net interest income was $127.6 million for the fourth quarter of 2014, compared to $111.5 million in the fourth quarter of 2013 and $125.7 million for the third quarter of 2014. The net interest margin in the fourth quarter of 2014 was 3.56 percent, a 65 basis point decrease from the fourth quarter of 2013 and a 21 basis point decrease from the third quarter of 2014. The quarterly and year-over-year decreases in net interest margin are due to the growth in loans with lower yields, as well as a substantial increase in liquidity assets. The cost of total deposits and borrowed funds was 17 basis points for the fourth quarter of 2014, consistent with the fourth quarter of 2013.

Average loans, excluding mortgage finance loans, for the year ended December 31, 2014 were $9.3 billion, an increase of $1.8 billion, or 24 percent, from 2013. Average loans, excluding mortgage finance loans, for the fourth quarter of 2014 were $9.9 billion, an increase of $1.8 billion, or 22 percent, from the fourth quarter of 2013, and an increase of $498.1 million, or 5 percent, from the third quarter of 2014. Average mortgage finance loans for the year ended December 31, 2014 were $2.9 billion, an increase of $606.8 million, or 26 percent, from 2013. Average mortgage finance loans for the fourth quarter of 2014 were $3.5 billion, an increase of $1.2 billion, or 52%, from the fourth quarter of 2013 and increased $19.0 million from the third quarter of 2014.

Average total deposits for the year ended December 31, 2014 were $10.9 billion, an increase of $2.5 billion, or 30 percent, from 2013. Average total deposits for the fourth quarter of 2014 increased $3.3 billion from the fourth quarter of 2013 and increased $927.0 million from the third quarter of 2014. Average demand deposits for the year ended December 31, 2014 were $4.2 billion, an increase of $1.2 billion, or 41 percent, from 2013. Average demand deposits for the fourth quarter of 2014 increased $1.8 billion, or 53 percent, to $5.0 billion from $3.3 billion during the fourth quarter of 2013 and increased $378.1 million, or 8 percent, from the third quarter of 2014.

Credit costs, including the provision for credit losses, totaled $6.5 million in the fourth quarter of 2014 compared to $5.5 million for the fourth quarter of 2013 and $6.5 million for the third quarter of 2014. We recorded a $6.5 million provision for credit losses in the fourth quarter of 2014 compared to $5.0 million in the fourth quarter of 2013 and $6.5 million in the third quarter of 2014. The provision for the fourth quarter of 2014 was primarily related to the growth in loans, excluding mortgage finance loans, during the quarter. The combined reserve at December 31, 2014 decreased to 1.06 percent of loans excluding mortgage finance loans due to continuing loan growth, as compared to 1.09 percent at December 31, 2013 and 1.06 percent at September 30, 2014. In management’s opinion, the reserve is appropriate and is derived from consistent application of the methodology for establishing the adequacy of reserves for Texas Capital Bank’s loan portfolio. We experienced a modest increase in non-performing asset totals in the fourth quarter of 2014, bringing the ratio of total non-performing assets to loans excluding mortgage finance loans plus other real

2

estate owned (“OREO”) to .43 percent compared to .44 percent in the fourth quarter of 2013 and .40 percent in the third quarter of 2014. Net charge-offs for the fourth quarter of 2014 were $1.1 million compared to net charge-offs of $1.3 million in the fourth quarter of 2013 and net charge-offs of $595,000 in the third quarter of 2014. For 2014, net charge-offs were .07 percent of total loans, consistent with .07 for 2013. At December 31, 2014, non-performing assets included OREO of $568,000 compared to $5.1 million as of December 31, 2013 and $617,000 as of September 30, 2014.

Non-interest income increased $42,000, or less than 1 percent, during the fourth quarter of 2014 compared to the same period of 2013. Service charges and brokered loan fees increased $302,000 and $599,000, respectively, during the fourth quarter of 2014 compared to the same period of 2013. Offsetting these increases was a $1.0 million decrease in swap fee income during the fourth quarter of 2014 compared to the same period of 2013. These fees fluctuate from quarter to quarter based on the number and volume of transactions closed during the quarter.

Non-interest expense for the fourth quarter of 2014 increased $3.8 million, or 5 percent, to $74.1 million from $70.3 million in the fourth quarter of 2013. The increase is primarily related to a $902,000 increase in salaries and employee benefits expense, a $1.3 million increase in net occupancy expense, a $1.9 million increase in communications and technology expense and a $1.0 million increase in other non-interest expense, all of which were due to general business growth. FDIC insurance assessment expense for the fourth quarter of 2014 increased $952,000 compared to the same quarter in 2013 as a result of the difference in rates applied to banks with over $10 billion in assets. Offsetting these increases was a $1.8 million decrease in legal and professional expense during the fourth quarter of 2014.

Stockholders’ equity increased by 35 percent from $1.1 billion at December 31, 2013 to $1.5 billion at December 31, 2014, primarily due to the offering of 1.9 million common shares for net proceeds of $106.5 million in the first quarter of 2014, the offering of 2.5 million common shares for net proceeds of $149.6 million in the fourth quarter of 2014 and retention of net income. Texas Capital Bank is well capitalized under regulatory guidelines and at December 31, 2014, our ratio of tangible common equity to total tangible assets was 8.3 percent.

ABOUT TEXAS CAPITAL BANCSHARES, INC.

Texas Capital Bancshares, Inc. (NASDAQ^®: TCBI), a member of the Russell 2000^® Index and the S&P SmallCap 600^®, is the parent company of Texas Capital Bank, a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston and San Antonio.

This news release may be deemed to include forward-looking statements which are based on management’s current estimates or expectations of future events or future results. These statements are not historical in nature and can generally be identified by such words as “believe,” “expect,” “estimate,” “anticipate,” “plan,” “may,” “will,” “intend” and similar expressions. The information contained in this release speaks only as of its date. We are under no obligation, and expressly disclaim such obligation, to update, alter or revise our forward-looking statements, whether as a result of new information, future events, or otherwise. A number of factors, many of which are beyond our control, could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, deterioration of the credit quality of our loan portfolio, the effects of recent declines in oil and gas prices on our customers, increased defaults and loan losses, the risk of adverse impacts from general economic conditions, competition, interest rate sensitivity and exposure to regulatory and legislative changes. These and other factors that could cause results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.

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TEXAS CAPITAL BANCSHARES, INC.

SELECTED FINANCIAL HIGHLIGHTS (UNAUDITED)

(Dollars in thousands except per share data)

	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
	2014			2014			2014			2014			2013
CONSOLIDATED STATEMENTS OF INCOME
Interest income	$	137,833		$	135,290		$	124,813		$	116,611		$	117,965
Interest expense		10,251			9,629			9,406			8,296			6,490
Net interest income		127,582			125,661			115,407			108,315			111,475
Provision for credit losses		6,500			6,500			4,000			5,000			5,000
Net interest income after provision for credit losses		121,082			119,161			111,407			103,315			106,475
Non-interest income		11,226			10,396			10,533			10,356			11,184
Non-interest expense		74,117			71,915			69,765			69,317			70,288
Income before income taxes		58,191			57,642			52,175			44,354			47,371
Income tax expense		20,357			20,810			18,754			16,089			17,012
Net income		37,834			36,832			33,421			28,265			30,359
Preferred stock dividends		2,437			2,438			2,437			2,438			2,438
Net income available to common stockholders	$	35,397		$	34,394		$	30,984		$	25,827		$	27,921
Diluted EPS	$	.78		$	.78		$	.71		$	.60		$	.67
Diluted shares		45,092,511			43,849,838			43,845,015			43,219,961			41,888,768
CONSOLIDATED BALANCE SHEET DATA
Total assets	$	15,899,946		$	14,266,503		$	13,532,826		$	12,143,588		$	11,720,064
Loans held for investment		10,154,887			9,686,422			9,153,005			8,928,325			8,486,603
Loans held for investment, mortgage finance		4,102,125			3,774,467			3,700,253			2,688,044			2,784,265
Securities		41,719			43,938			49,330			52,960			63,214
Demand deposits		5,011,619			4,722,479			4,181,774			3,451,294			3,347,567
Total deposits		12,673,300			11,715,808			10,757,316			9,729,128			9,257,379
Other borrowings		1,192,681			735,689			1,000,548			678,026			1,025,630
Subordinated notes		286,000			286,000			286,000			286,000			111,000
Long-term debt		113,406			113,406			113,406			113,406			113,406
Stockholders’ equity		1,484,190			1,297,922			1,262,816			1,230,131			1,096,350
End of period shares outstanding		45,735,007			43,179,134			43,105,444			42,958,803			41,036,370
Book value (excluding securities gains/losses)	$	29.14		$	26.55		$	25.78		$	25.11		$	23.02
Tangible book value (excluding securities gains/losses)(1)	$	28.69		$	26.07		$	25.29		$	24.62		$	22.50
SELECTED FINANCIAL RATIOS
Net interest margin		3.56	%		3.77	%		3.87	%		3.99	%		4.21	%
Return on average assets		1.03	%		1.07	%		1.08	%		1.01	%		1.10	%
Return on average common equity		11.41	%		12.11	%		11.38	%		10.20	%		11.94	%
Non-interest income to earning assets		.31	%		.31	%		.35	%		.38	%		.42	%
Efficiency ratio(2)		53.4	%		52.9	%		55.4	%		58.4	%		57.3	%
Efficiency ratio (excluding OREO valuation/write-down)(3)		53.4	%		52.9	%		55.4	%		58.4	%		56.9	%
Non-interest expense to earning assets		2.07	%		2.16	%		2.34	%		2.55	%		2.65	%
Non-interest expense to earning assets (excluding OREO valuation charge)		2.07	%		2.16	%		2.34	%		2.55	%		2.63	%
Tangible common equity to total tangible assets(4)		8.3	%		7.9	%		8.1	%		8.7	%		7.9	%

(1) Stockholders’ equity excluding preferred stock and accumulated other comprehensive income, 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) Non-interest expense excluding OREO valuation/write-down expenses divided by the sum of net interest income and non-interest income.

(4) Stockholders’ equity excluding preferred stock and accumulated other comprehensive income less goodwill and intangibles divided by total assets less accumulated other comprehensive income and goodwill and intangibles.

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TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Dollars in thousands)

	December 31, 2014			December 31, 2013			% Change
Assets
Cash and due from banks	$	96,524		$	92,484			4	%
Interest-bearing deposits		1,233,990			61,337			1,912	%
Federal funds sold and securities purchased under resale agreements		—			90			(100	)%
Securities, available-for-sale		41,719			63,214			(34	)%
Loans held for investment, mortgage finance		4,102,125			2,784,265			47	%
Loans held for investment (net of unearned income)		10,154,887			8,486,603			20	%
Less: Allowance for loan losses		100,954			87,604			15	%
Loans held for investment, net		14,156,058			11,183,264			27	%
Premises and equipment, net		17,368			11,482			51	%
Accrued interest receivable and other assets		333,699			286,907			16	%
Goodwill and intangibles, net		20,588			21,286			(3	)%
Total assets	$	15,899,946		$	11,720,064			36	%
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Non-interest bearing	$	5,011,619		$	3,347,567			50	%
Interest bearing		7,348,972			5,579,505			32	%
Interest bearing in foreign branches		312,709			330,307			(5	)%
Total deposits		12,673,300			9,257,379			37	%
Accrued interest payable		4,747			749			534	%
Other liabilities		145,622			115,550			26	%
Federal funds purchased and repurchase agreements		92,676			170,604			(46	)%
Other borrowings		1,100,005			855,026			29	%
Subordinated notes		286,000			111,000			158	%
Trust preferred subordinated debentures		113,406			113,406			—
Total liabilities		14,415,756			10,623,714			36	%
Stockholders’ equity:
Preferred stock, $.01 par value, $1,000 liquidation value:
Authorized shares – 10,000,000
Issued shares – 6,000,000 shares issued at December 31, 2014 and 2013		150,000			150,000			—
Common stock, $.01 par value:
Authorized shares – 100,000,000
Issued shares – 45,735,424 and 41,036,787 at December 31, 2014 and 2013, respectively		457			410			11	%
Additional paid-in capital		709,738			448,208			58	%
Retained earnings		622,714			496,112			26	%
Treasury stock (shares at cost: 417 at December 31, 2014 and 2013)		(8	)		(8	)		—
Accumulated other comprehensive income, net of taxes		1,289			1,628			(21	)%
Total stockholders’ equity		1,484,190			1,096,350			35	%
Total liabilities and stockholders’ equity	$	15,899,946		$	11,720,064			36	%

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TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(Dollars in thousands except per share data)

	Three Months Ended December 31				Year Ended December 31
	2014		2013		2014		2013
Interest income
Interest and fees on loans	$	136,882	$	117,261	$	511,606	$	441,314
Securities		389		621		1,828		3,015
Federal funds sold		91		24		207		65
Deposits in other banks		471		59		906		231
Total interest income		137,833		117,965		514,547		444,625
Interest expense
Deposits		5,263		3,858		18,145		14,030
Federal funds purchased		81		116		373		686
Repurchase agreements		4		5		17		18
Other borrowings		35		40		356		515
Subordinated notes		4,241		1,840		16,202		7,327
Trust preferred subordinated debentures		627		631		2,489		2,536
Total interest expense		10,251		6,490		37,582		25,112
Net interest income		127,582		111,475		476,965		419,513
Provision for credit losses		6,500		5,000		22,000		19,000
Net interest income after provision for credit losses		121,082		106,475		454,965		400,513
Non-interest income
Service charges on deposit accounts		1,976		1,674		7,253		6,783
Trust fee income		1,223		1,250		4,937		5,023
Bank owned life insurance (BOLI) income		520		533		2,067		1,917
Brokered loan fees		3,979		3,380		13,981		16,980
Swap fees		894		1,904		2,992		5,520
Other		2,634		2,443		11,281		7,801
Total non-interest income		11,226		11,184		42,511		44,024
Non-interest expense
Salaries and employee benefits		43,910		43,008		169,051		157,752
Net occupancy expense		5,746		4,487		20,866		16,821
Marketing		4,411		4,183		15,989		16,203
Legal and professional		3,725		5,520		21,182		18,104
Communications and technology		5,454		3,597		18,667		13,762
FDIC insurance assessment		2,875		1,923		10,919		8,057
Allowance and other carrying costs for OREO		24		609		85		1,788
Other		7,972		6,961		28,355		24,242
Total non-interest expense		74,117		70,288		285,114		256,729
Income before income taxes		58,191		47,371		212,362		187,808
Income tax expense		20,357		17,012		76,010		66,757
Net income		37,834		30,359		136,352		121,051
Preferred stock dividends		2,437		2,438		9,750		7,394
Net income available to common stockholders	$	35,397	$	27,921	$	126,602	$	113,657
Basic earnings per common share	$	.80	$	.68	$	2.93	$	2.78
Diluted earnings per common share	$	.78	$	.67	$	2.88	$	2.72

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TEXAS CAPITAL BANCSHARES, INC.

SUMMARY OF LOAN LOSS EXPERIENCE

(Dollars in thousands)

	4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			4th Quarter
	2014			2014			2014			2014			2013
Reserve for loan losses:
Beginning balance	$	96,322		$	91,114		$	90,234		$	87,604		$	84,006
Loans charged-off:
Commercial		1,285			992			5,190			2,336			1,605
Real estate		—			—			246			50			—
Consumer		165			—			40			61			—
Total loans charged-off		1,450			992			5,476			2,447			1,605
Recoveries:
Commercial		190			329			2,033			210			225
Real estate		34			2			35			8			60
Consumer		96			35			6			25			9
Leases		2			31			925			124			43
Total recoveries		322			397			2,999			367			337
Net charge-offs		1,128			595			2,477			2,080			1,268
Provision for loan losses		5,760			5,803			3,357			4,710			4,866
Ending balance	$	100,954		$	96,322		$	91,114		$	90,234		$	87,604
Reserve for off-balance sheet credit losses:
Beginning balance	$	6,320		$	5,623		$	4,980		$	4,690		$	4,556
Provision for off-balance sheet credit losses		740			697			643			290			134
Ending balance	$	7,060		$	6,320		$	5,623		$	4,980		$	4,690
Total reserves for credit losses	$	108,014		$	102,642		$	96,737		$	95,214		$	92,294
Total provision for credit losses	$	6,500		$	6,500		$	4,000		$	5,000		$	5,000
Reserve to loans		.71	%		.72	%		.71	%		.78	%		.78	%
Reserve to loans excluding mortgage finance loans(2)		.99	%		.99	%		1.00	%		1.01	%		1.03	%
Reserve to average loans		.75	%		.75	%		.77	%		.84	%		.84	%
Reserve to average loans excluding mortgage finance loans(2)		1.02	%		1.02	%		1.01	%		1.04	%		1.08	%
Net charge-offs to average loans(1)		.03	%		.02	%		.08	%		.08	%		.05	%
Net charge-offs to average loans excluding mortgage finance loans(1)(2)		.05	%		.03	%		.11	%		.10	%		.06	%
Net charge-offs to average loans for last twelve months(1)		.05	%		.05	%		.06	%		.06	%		.05	%
Net charge-offs to average loans, excluding mortgage finance loans, for last twelve months(1)(2)		.07	%		.07	%		.07	%		.07	%		.07	%
Total provision for credit losses to average loans(1)		.19	%		.20	%		.14	%		.19	%		.19	%
Total provision for credit losses to average loans excluding mortgage finance loans(1)(2)		.26	%		.27	%		.18	%		.23	%		.24	%
Combined reserves for credit losses to loans		.76	%		.76	%		.75	%		.82	%		.82	%
Combined reserves for credit losses to loans, excluding mortgage finance loans(2)		1.06	%		1.06	%		1.06	%		1.07	%		1.09	%
Non-performing assets (NPAs):
Non-accrual loans	$	43,304		$	37,733		$	41,565		$	43,213		$	32,375
Other real estate owned (OREO)		568			617			685			2,420			5,110
Total	$	43,872		$	38,350		$	42,250		$	45,633		$	37,485
Non-accrual loans to loans		.30	%		.28	%		.32	%		.37	%		.29	%
Non-accrual loans to loans excluding mortgage finance loans(2)		.43	%		.39	%		.45	%		.48	%		.38	%
Total NPAs to loans plus OREO		.31	%		.28	%		.33	%		.39	%		.33	%
Total NPAs to loans excluding mortgage finance loans plus OREO(2)		.43	%		.40	%		.46	%		.51	%		.44	%
Total NPAs to earning assets		.28	%		.28	%		.32	%		.39	%		.33	%
Reserve for loan losses to non-accrual loans		2.3x			2.6x			2.2x			2.1x			2.7x
Restructured loans	$	1,806		$	1,853		$	249		$	2,825		$	1,935
Loans past due 90 days and still accruing(3)	$	5,274		$	6,102		$	4,793		$	7,869		$	9,325
Loans past due 90 days to loans		.04	%		.05	%		.04	%		.07	%		.08	%
Loans past due 90 days to loans excluding mortgage finance loans(2)		.05	%		.06	%		.05	%		.09	%		.11	%

(1) Interim period ratios are annualized.

(2) The indicated ratios are presented with and excluding the mortgage finance loans because the risk profile of our mortgage finance loans is different than our other loans held for investment. No provision for credit losses is allocated to these loans based on the internal risk grade assigned.

(3) At December 31, 2014, loans past due 90 days and still accruing includes premium finance loans of $3.7 million. These loans are primarily secured by obligations of insurance carriers to refund premiums on cancelled insurance policies. The refund of premiums from the insurance carriers can take 180 days or longer from the cancellation date.

7

TEXAS CAPITAL BANCSHARES, INC.

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(Dollars in thousands)

	4th Quarter		3rd Quarter		2nd Quarter		1st Quarter		4th Quarter
	2014		2014		2014		2014		2013
Interest income
Interest and fees on loans	$	136,882	$	134,618	$	124,234	$	115,872	$	117,261
Securities		389		428		471		540		621
Federal funds sold		91		68		8		40		24
Deposits in other banks		471		176		100		159		59
Total interest income		137,833		135,290		124,813		116,611		117,965
Interest expense
Deposits		5,263		4,606		4,246		4,030		3,858
Federal funds purchased		81		82		115		95		116
Repurchase agreements		4		5		4		4		5
Other borrowings		35		68		181		72		40
Subordinated notes		4,241		4,241		4,241		3,479		1,840
Trust preferred subordinated debentures		627		627		619		616		631
Total interest expense		10,251		9,629		9,406		8,296		6,490
Net interest income		127,582		125,661		115,407		108,315		111,475
Provision for credit losses		6,500		6,500		4,000		5,000		5,000
Net interest income after provision for credit losses		121,082		119,161		111,407		103,315		106,475
Non-interest income
Service charges on deposit accounts		1,976		1,817		1,764		1,696		1,674
Trust fee income		1,223		1,190		1,242		1,282		1,250
Bank owned life insurance (BOLI) income		520		517		521		509		533
Brokered loan fees		3,979		3,821		3,357		2,824		3,380
Swap fees		894		464		410		1,224		1,904
Other		2,634		2,587		3,239		2,821		2,443
Total non-interest income		11,226		10,396		10,533		10,356		11,184
Non-interest expense
Salaries and employee benefits		43,910		43,189		39,896		42,056		43,008
Net occupancy expense		5,746		5,279		5,073		4,768		4,487
Marketing		4,411		4,024		3,795		3,759		4,183
Legal and professional		3,725		4,874		7,181		5,402		5,520
Communications and technology		5,454		4,928		4,361		3,924		3,597
FDIC insurance assessment		2,875		2,775		2,544		2,725		1,923
Allowance and other carrying costs for OREO		24		5		11		45		609
Other		7,972		6,841		6,904		6,638		6,961
Total non-interest expense		74,117		71,915		69,765		69,317		70,288
Income before income taxes		58,191		57,642		52,175		44,354		47,371
Income tax expense		20,357		20,810		18,754		16,089		17,012
Net income		37,834		36,832		33,421		28,265		30,359
Preferred stock dividends		2,437		2,438		2,437		2,438		2,438
Net income available to common shareholders	$	35,397	$	34,394	$	30,984	$	25,827	$	27,921

8

TEXAS CAPITAL BANCSHARES, INC.

QUARTERLY FINANCIAL SUMMARY – UNAUDITED

Consolidated Daily Average Balances, Average Yields and Rates

Continuing Operations

(Dollars in thousands)

	4th Quarter 2014							3rd Quarter 2014							2nd Quarter 2014							1st Quarter 2014							4th Quarter 2013
	Average Balance		Revenue/ Expense (1)		Yield/ Rate			Average Balance		Revenue/ Expense (1)		Yield/ Rate			Average Balance		Revenue/ Expense (1)		Yield/ Rate			Average Balance		Revenue/ Expense (1)		Yield/ Rate			Average Balance		Revenue/ Expense (1)		Yield/ Rate
Assets
Securities – Taxable	$	39,258	$	355		3.59	%	$	41,716	$	383		3.64	%	$	44,216	$	410		3.72	%	$	47,027	$	442		3.81	%	$	50,281	$	480		3.79	%
Securities – Non-taxable(2)		3,257		52		6.33	%		4,697		69		5.83	%		6,271		94		6.01	%		10,554		151		5.80	%		14,786		217		5.82	%
Federal funds sold and securities purchased under resale agreements		139,761		91		0.26	%		105,793		68		0.26	%		14,997		8		0.21	%		73,746		40		0.22	%		59,409		24		0.16	%
Deposits in other banks		742,240		471		0.25	%		283,062		176		0.25	%		183,061		100		0.22	%		230,296		159		0.28	%		99,185		59		0.24	%
Loans held for investment, mortgage finance loans		3,471,737		26,773		3.06	%		3,452,782		27,275		3.13	%		2,822,560		23,231		3.30	%		2,027,264		16,782		3.36	%		2,238,730		20,236		3.59	%
Loans held for investment		9,921,323		110,109		4.40	%		9,423,259		107,343		4.52	%		8,984,230		101,003		4.51	%		8,717,969		99,090		4.61	%		8,142,569		97,025		4.73	%
Less reserve for loan losses		96,139		—		—			91,427		—		—			90,105		—		—			87,686		—		—			84,009		—		—
Loans, net of reserve		13,296,921		136,882		4.08	%		12,784,614		134,618		4.18	%		11,716,685		124,234		4.25	%		10,657,547		115,872		4.41	%		10,297,290		117,261		4.52	%
Total earning assets		14,221,437		137,851		3.85	%		13,219,882		135,314		4.06	%		11,965,230		124,846		4.19	%		11,019,170		116,664		4.29	%		10,520,951		118,041		4.45	%
Cash and other assets		409,635							409,727							396,938							382,198							378,315
Total assets	$	14,631,072						$	13,629,609						$	12,362,168						$	11,401,368						$	10,899,266
Liabilities and Stockholders’ Equity
Transaction deposits	$	1,150,530	$	401		0.14	%	$	1,010,003	$	287		0.11	%	$	895,827	$	170		0.08	%	$	782,301	$	80		0.04	%	$	787,720	$	76		0.04	%
Savings deposits		5,479,395		4,121		0.30	%		4,991,779		3,519		0.28	%		4,679,140		3,395		0.29	%		4,591,493		3,304		0.29	%		4,365,746		3,079		0.28	%
Time deposits		406,040		413		0.40	%		485,558		475		0.39	%		401,024		390		0.39	%		375,563		351		0.38	%		385,546		394		0.41	%
Deposits in foreign branches		369,471		328		0.35	%		369,202		325		0.35	%		350,043		291		0.33	%		355,857		295		0.34	%		348,240		309		0.35	%
Total interest bearing deposits		7,405,436		5,263		0.28	%		6,856,542		4,606		0.27	%		6,326,034		4,246		0.27	%		6,105,214		4,030		0.27	%		5,887,252		3,858		0.26	%
Other borrowings		251,449		120		0.19	%		309,868		155		0.20	%		666,405		300		0.18	%		293,012		171		0.24	%		314,018		161		0.20	%
Subordinated notes		286,000		4,241		5.88	%		286,000		4,241		5.88	%		286,000		4,241		5.95	%		227,667		3,479		6.20	%		111,000		1,840		6.58	%
Trust preferred subordinated debentures		113,406		627		2.19	%		113,406		627		2.19	%		113,406		619		2.19	%		113,406		616		2.20	%		113,406		631		2.21	%
Total interest bearing liabilities		8,056,291		10,251		0.50	%		7,565,816		9,629		0.50	%		7,391,845		9,406		0.51	%		6,739,299		8,296		0.50	%		6,425,676		6,490		0.40	%
Demand deposits		5,047,876							4,669,772							3,629,941							3,381,501							3,289,307
Other liabilities		146,259							117,418							98,595							103,514							106,461
Stockholders’ equity		1,380,646							1,276,603							1,241,787							1,177,054							1,077,822
Total liabilities and stockholders’ equity	$	14,631,072						$	13,629,609						$	12,362,168						$	11,401,368						$	10,899,266
Net interest income(2)			$	127,600						$	125,685						$	115,440						$	108,368						$	111,551
Net interest margin						3.56	%						3.77	%						3.87	%						3.99	%						4.21	%

(1) The loan averages include loans on which the accrual of interest has been discontinued and are stated net of unearned income.

(2) Taxable equivalent rates used where applicable.

9