Analyst Ratings

Date	Action	Analyst	Rating	Target
Jan-26-26	Downgrade	DA Davidson	Buy → Neutral	$125 → $135
Jan-21-26	Reiterated	Piper Sandler	Overweight	$135
Jan-21-26	Reiterated	Barclays	Equal Weight	$125 → $135
Jan-21-26	Reiterated	RBC Capital	Sector Perform	$124 → $132
Jan-20-26	Reiterated	Raymond James	Outperform	$115 → $140
Jan-20-26	Reiterated	D.A. Davidson	Buy	$122 → $125
Jan-05-26	Reiterated	Wells Fargo	Equal Weight	$110 → $115
Dec-19-25	Reiterated	Barclays	Equal Weight	$125
Dec-12-25	Downgrade	Hovde Group	Outperform → Market Perform	$106 → $129
Oct-22-25	Reiterated	Credit Suisse		$118 → $116

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	3,355	3,326	3,362	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	1,177	1,206	1,444
Gross Profit	2,179	2,120	1,918
Selling, General and Administrative Excl. Other	1,000	925	881
Research and Development	0	0	0
Other Operating Expense	422	484	370
Operating Income	757	711	667
Interest Expense	1,175	1,204	1,426
Unusual Expense	—	—	—
Non-Operating Income (Expense)	0	0	0
Net Income Before Taxes	757	711	667
Income Taxes	143	133	143
Consolidated Net Income	614	578	524
Net Income From Continuing Operations	614	578	524
Net Income	614	578	524
EPS (Recurring)	9.90	9.18	8.14
EPS (Basic, Before Extraordinaries)	9.90	9.18	8.14
EPS (Diluted)	9.90	9.18	8.14
EBITDA	867	794	772
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	13.16	12.90	—
Price To Sales Ratio	2.33	2.17	—
Gross Margin	64.95	63.74	57.05
Operating Margin	22.56	21.38	19.84
Net Margin	18.30	17.38	15.59
Shares Outstanding	60	61	64
Market Capitalization	7,820	7,226	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Wade Mark B.	EVP - Texas Market Executive	May 08 '26	Sale	132.62	1,700	225,454	20,361	May 11 12:00 AM
BANGERT STEVEN	Director	May 07 '26	Sale	134.80	2,600	350,492	10,436	May 08 12:00 AM
Reid Jeffrey A.	EVP, Chief HR Officer	Apr 23 '26	Sale	135.52	1,200	162,627	8,116	Apr 24 12:00 AM
Weil Kelley	EVP-Consumer Banking Services	Feb 18 '26	Option Exercise	0.00	1,397	0	20,885	Feb 19 12:00 AM
Wade Mark B.	EVP - Texas Market Executive	Feb 18 '26	Option Exercise	0.00	1,687	0	26,456	Feb 19 12:00 AM
Vincent Brad A	EVP - Specialized Industries	Feb 18 '26	Option Exercise	0.00	2,194	0	25,057	Feb 19 12:00 AM
Stratton David D	EVP, Regional Banking	Feb 18 '26	Option Exercise	0.00	213	0	10,344	Feb 19 12:00 AM
Rogers Michael J.	SVP, Chief Accounting Officer	Feb 18 '26	Option Exercise	0.00	190	0	3,989	Feb 19 12:00 AM
Reid Jeffrey A.	EVP, Chief HR Officer	Feb 18 '26	Option Exercise	0.00	969	0	11,725	Feb 19 12:00 AM
Martin Derek	EVP, Chief Information Officer	Feb 18 '26	Option Exercise	0.00	1,534	0	20,321	Feb 19 12:00 AM
Mahaney Mindy M.	EVP, Chief Risk Officer	Feb 18 '26	Option Exercise	0.00	343	0	21,323	Feb 19 12:00 AM
KYMES STACY	President & CEO	Feb 18 '26	Option Exercise	0.00	14,647	0	140,027	Feb 19 12:00 AM
Keesling Rebecca D	EVP, Chief Auditor	Feb 18 '26	Option Exercise	0.00	623	0	13,537	Feb 19 12:00 AM
Grunst Martin E	EVP, CFO	Feb 18 '26	Option Exercise	0.00	2,461	0	42,489	Feb 19 12:00 AM
Grauer Scott	EVP, Wealth Management	Feb 18 '26	Option Exercise	0.00	3,100	0	47,086	Feb 19 12:00 AM


Market Cap	7.95B	Forward P/E	12.38	EPS next Y	10.53	Insider Trans	0.03%	Shs Float	-	Perf Month	2.64%


Enterprise Value	13.40B	PEG	0.93	EPS next Q	2.47	Inst Own	-	Short Float	-	Perf Quarter	3.69%


Income	621.68M	P/S	2.37	EPS this Y	3.87%	Inst Trans	-	Short Ratio	-	Perf Half Y	9.89%


Sales	3.36B	P/B	1.31	EPS next Y	2.35%	ROA	1.14%	Short Interest	-	Perf YTD	10.02%


Book/sh	98.34	P/C	4.05	EPS next 5Y	2.35%	ROE	10.32%	52W High	139.73 -6.73%	Perf Year	41.82%


Cash/sh	146.54	P/FCF	4.44	EPS past 3/5Y	-	ROIC	1.14%	52W Low	91.35 42.67%	Perf 3Y	-


Dividend Est.	2.46 (1.89%)	EV/EBITDA	15.47	Sales past 3/5Y	18.50% 10.17%	Gross Margin	64.92%	Volatility	1.49% 1.43%	Perf 5Y	-


Dividend TTM	2.46 (1.89%)	EV/Sales	3.99	EPS Y/Y TTM	21.38%	Oper. Margin	22.54%	ATR (14)	2.90	Perf 10Y	-


Dividend Ex-Date	May 13, 2026	Quick Ratio	12.83	Sales Y/Y TTM	-0.21%	Profit Margin	18.30%	RSI (14)	49.50	Recom	2.56


Dividend Gr. 3/5Y	3.18% 2.68%	Current Ratio	12.83	EPS Q/Q	38.71%	SMA20	0.25%	Beta	0.81	Target Price	132.00


Payout	24.21%	Debt/Eq	1.15	Sales Q/Q	3.63%	SMA50	-1.00%	Rel Volume	2.03	Prev Close	130.84


Employees	5,030	LT Debt/Eq	0.07	Earnings	Jul 20	SMA200	6.49%	Avg Volume	295.16K	Price	130.33


IPO Date	Sep 05, 1991	Option/Short	Yes / Yes	EPS/Sales Surpr.	12.17% 0.18%	Net Debt/EBITDA	6.30	Volume	599,851	Change	-0.39%

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