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HomeBank CapitalTexas Capital Bancshares, Inc. Announces Pricing of

Texas Capital Bancshares, Inc. Announces Pricing of

DALLAS, April 29, 2021 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, N.A., announced that it has priced an underwritten public offering of $375,000,000 aggregate principal amount of 4.000% Fixed-to-Fixed Rate Subordinated Notes due 2031 (the “Notes”) at a price to the public of 100% of their face value. Interest on these Notes will accrue at a rate equal to (i) 4.000% per annum from the original issue date to, but excluding, May 6, 2026, the reset date, and (ii) a fixed rate per annum equal to the five-year U.S. Treasury rate as of the reset date, plus 3.150% per annum, from the reset date, to and including, May 6, 2031.

Interest on the Notes will be payable semi-annually in arrears, on May 6 and November 6 of each year, beginning on November 6, 2021. The offering of the Notes is expected to close on May 6, 2021, subject to the satisfaction of customary closing conditions.

The Notes are intended to qualify as Tier 2 capital for regulatory purposes. Texas Capital Bancshares, Inc. intends to use the net proceeds from this offering for general corporate purposes, which may include, among other uses, redeeming in whole or in part Texas Capital Bancshares, Inc.’s 6.50% Subordinated Notes due 2042 (the “2042 Notes”).

J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC acted as joint book-running managers for the offering.

The offering is being made pursuant to an effective shelf registration statement, including a prospectus and prospectus supplement, filed by Texas Capital Bancshares, Inc. with the Securities and Exchange Commission (“SEC”). Investors should read the prospectus together with the documents incorporated by reference and the applicable prospectus supplement carefully before investing in the securities described in the applicable prospectus supplement. These documents may be obtained for free by visiting the SEC website at www.sec.gov. You may also request these documents from Texas Capital Bancshares, Inc. by telephone at (214) 932-6600 or in writing at: Texas Capital Bancshares, Inc., Attention: Investor Relations, 2000 McKinney Avenue, Suite 700, Dallas, Texas 75201; J.P. Morgan Securities LLC (Attention: Investment Grade Syndicate Desk, 383 Madison Avenue, New York, NY 10179 (telephone: 1-212-834-4533)); and Goldman Sachs & Co. LLC (Prospectus Department, 200 West Street, New York, NY 10282, Telephone: (212) 902-1171 or by email at prospectus-ny@ny.email.gs.com).

This press release is for informational purposes only and shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer or sale is not permitted. Statements of intent in this press release do not constitute a notice of redemption of the 2042 Notes. Any such notice, if made, will only be made in accordance with the terms of the 2042 Notes.

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