How to auto resize a textbox in C#

private void textBox1_TextChanged(object sender, EventArgs e) {
        Size sz = new Size(textBox1.ClientSize.Width, int.MaxValue);
        TextFormatFlags flags = TextFormatFlags.WordBreak;
        int padding = 3;
        int borders = textBox1.Height - textBox1.ClientSize.Height;
        sz = TextRenderer.MeasureText(textBox1.Text, textBox1.Font, sz, flags);
        int h = sz.Height + borders + padding;
        if (textBox1.Top + h > this.ClientSize.Height - 10) {
            h = this.ClientSize.Height - 10 - textBox1.Top;
        }
        textBox1.Height = h;
    }