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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

FORM 10-Q

Commission file number 0-30533

TEXAS CAPITAL BANCSHARES, INC.

214/932-6600
(Registrant’s telephone number,
including area code)

N/A
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

     Indicate by checkmark whether the issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

     Indicate by checkmark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act). Yes x No o

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

     Indicate by check whether the issuer has filed all reports required to be filed by Section 12, 13 or 15(d) of the Securities and Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes o No o

APPLICABLE ONLY TO CORPORATE ISSUERS:

     On October 31, 2003, the number of shares set forth below was outstanding with respect to each of the issuer’s classes of common stock:

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Texas Capital Bancshares, Inc.
Form 10-Q
Quarter Ended September 30, 2003

Index

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ITEM 1. FINANCIAL STATEMENTS

TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS — UNAUDITED
(Dollars in thousands except per share data)

See accompanying notes to consolidated financial statements.

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TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED BALANCE SHEETS — UNAUDITED
(Dollars in thousands except per share data)

See accompanying notes to consolidated financial statements.

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TEXAS CAPITAL BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY — UNAUDITED
(Dollars in thousands except per share data)

			Series A																Series A-1
			Convertible																Non-voting
			Preferred Stock								Common Stock								Common Stock
			Shares				Amount				Shares				Amount				Shares				Amount
Balance at December 31, 2001				753,301			$	8				18,400,310			$	184				741,392			$	7
Comprehensive income:
	Net income			—				—				—				—				—				—
	Change in unrealized gain (loss) on available-for-sale securities, net of tax of $3,683, net of reclassification amount of $1,375			—				—				—				—				—				—
Total comprehensive income
Sale of Series A convertible preferred stock				303,841				3				—				—				—				—
Sale of common stock				—				—				54,626				1				—				—
Preferred dividends				—				—				—				—				—				—
Transfers				—				—				45,876				—				(45,876	)			—
Purchase of treasury stock				—				—				—				—				—				—
Sale of treasury stock				—				—				—				—				—				—
Balance at December 31, 2002				1,057,142				11				18,500,812				185				695,516				7
Comprehensive income:
	Net income			—				—				—				—				—				—
	Change in unrealized gain (loss) on available-for-sale securities, net of taxes of $1,361, net of reclassification amount of $686			—				—				—				—				—				—
Total comprehensive income
Sale of common stock				—				—				3,516,642				35				—				—
Conversion of preferred stock				(1,057,142	)			(11	)			2,114,284				21				—				—
Transfers				—				—				391,516				4				(391,516	)			(4	)
Preferred dividends				—				—				—				—				—				—
Balance at September 30, 2003				—			$	—				24,523,254			$	245				304,000			$	3

[Additional columns below]

[Continued from above table, first column(s) repeated]

																							Accumulated
																							Other
																							Compre-
			Additional								Treasury Stock												hensive
			Paid-in				Accumulated												Deferred				Income
			Capital				Deficit				Shares				Amount				Compensation				(Loss)				Total
Balance at December 31, 2001			$	127,378			$	(20,690	)			(87,516	)		$	(594	)		$	573			$	(507	)		$	106,359
Comprehensive income:
	Net income			—				7,343				—				—