J P M O R G A N North America Equity Research 23 July 2026 Texas Capital Bancshares, Inc. 2Q26: While Outlook Was Reiterated, We See NIM Shortfall As Likely Moving Street Estimates Lower; UW Although Texas Capital's 2Q26 core EPS came in largely in line with expectations and the full year 2026 outlook for revenue and expense was reiterated, below the surface we find the results less encouraging. This view is tied to NIM coming in well below expectations at 3.28% for 2Q26 (-15 bps q/q) due to the temporary i ...