Texas Capital Bancshares, Inc.

TXSE Group Inc., the parent company of the Texas Stock Exchange, raised $155 million in a third funding round as it challenges the New York Stock Exchange and the Nasdaq for equities listings. Existing shareholders provided about three-quarters of the new money, with the rest coming from new backers, and funding for the exchange now totals $430 million, the Dallas-based company said in a statement Wednesday, without identifying the new investors. Founder and chief executive officer James Lee said the latest funding is an institutional validation of demand for a competing exchange, adding that real competition for primary listings is here and here to stay. The TXSE, which won authorization from federal regulators a year ago, recently lured an initial slate of primary listings consisting largely of companies with close ties to the exchange, among them Energy Transfer LP, whose chairman Kelcy Warren owns a big stake in TXSE Group, and Texas Capital Bancshares Inc., led by Rob Holmes, a member of an advisory board to the exchange. The exchange built its early pitch in part around support from big-name backers, attracting investments from BlackRock Inc. and Citadel Securities, and followed that with a second round of fundraising led by JPMorgan Chase & Co., while the NYSE and Nasdaq have responded with Texas-based venues designed to expand their reach in the state.

The Texas Stock Exchange, or TXSE, has succeeded in attracting four energy companies to move their primary listings from the New York Stock Exchange, or NYSE, to Dallas. The companies moving their primary listings to TXSE in early October include Energy Transfer, a pipeline operator; USA Compression Partners, a midstream energy services provider; and Sunoco LP and SunocoCorp LLC, which are engaged in fuel distribution. Together, the companies moving to TXSE have a combined market capitalisation of nearly $100 billion. The move follows Texas Capital Bancshares' announcement last month that two exchange-traded funds would also leave the NYSE to list primarily on TXSE, reflecting the progress of the fledgling exchange, which only began trading in July and is trying to establish itself as a serious rival to the major exchanges. James Lee, chairman and chief executive of TXSE, said the decisions by these companies mark a turning point for capital markets and the start of a larger trend that will reshape the landscape of corporate listings on US stock exchanges. However, market structure analysts believe TXSE's ability to genuinely challenge the NYSE and Nasdaq will depend on whether it can turn the strengths of Texas, which has sought to position itself as a business-friendly alternative, into a steady flow of companies moving their listings to TXSE. One analyst cautioned that this will not happen easily, since similar efforts in the past failed to build much momentum. TXSE is backed by several major Wall Street investors, including BlackRock, Citadel Securities and Charles Schwab, as well as Texas billionaire Kelcy Warren, who according to filings with the US Securities and Exchange Commission held a significant stake in TXSE Group as of 2025 and also serves as executive chairman of Energy Transfer, one of the companies moving its primary listing to TXSE.

Texas Capital Bancshares reported second-quarter CY2026 revenue of $335.5 million, exceeding Wall Street expectations by 0.6% and rising 8.3% year on year. Net interest income came in at $260.4 million, missing analyst estimates of $262.9 million by 1%, while the net interest margin of 3.3% fell 9.9 basis points short of the 3.4% consensus. Adjusted earnings per share of $1.88 beat estimates by 1.3%, and tangible book value per share reached $76.98, roughly in line with the $77.34 forecast. The stock remained flat at $102.36 following the release.

Texas Capital Bancshares announced it will issue second quarter 2026 financial results after market close on Wednesday, July 22, 2026. Executive management will host a conference call and webcast at 5:00 p.m. Eastern Time that same day to discuss the operating results. Participants can pre-register for the call to receive a unique PIN for immediate access, or dial in using the access code 21404 at least fifteen minutes prior. The live webcast and presentation slides will be available on the company's investor website, with a replay accessible one hour after the call concludes.