Third Coast Bancshares

Third Coast Bancshares, Inc. engages in operation of a bank holding company. It offers checking, loans, mortgage, and online banking. The company was founded in March 2008 and is headquartered in Humble, TX.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Third Coast Bancshares reports solid Q1 performance and pursues growth opportunities

Third Coast Bancshares delivered a strong performance in Q1 2023, demonstrating growth in loans and deposits, improved net interest margin, and effective expense management. The company's proactive approach to credit culture and operational excellence positions it well for sustainable growth. While challenges in credit risk management and expense control exist, opportunities in revenue diversification and growth avenues are being actively pursued.

TCBX reports 15% revenue growth, exceeds earnings expectations, addresses supply chain concerns

TCBX delivered strong financial results, surpassing analyst expectations and demonstrating robust operational performance. While supply chain disruptions pose challenges, the company's proactive approach to mitigate these issues and optimism about future growth opportunities position TCBX for continued success.

TCBX reports robust Q3 performance, anticipates slower loan growth

TCBX delivered strong financial results in Q3 2023, driven by robust loan and deposit growth. While the company faces challenges related to nonperforming assets and slower anticipated loan growth, it is well-positioned to achieve capital accretion and maintain prudent lending practices. TCBX's proactive expense management and focus on asset quality present opportunities for improved profitability.

TCBX reports impressive Q4 earnings and outlines strategic priorities for 2024

TCBX delivered strong financial results in Q4 2023, driven by significant asset growth and improved operational efficiency. The bank's focus on maintaining credit quality, strong capital position, and relationship banking positions it well for strategic expansion and customer relationship development in 2024. However, managing expenses and optimizing deposit growth amidst changing interest rate environments may present challenges.

Third Coast Bancshares achieves record profits, focuses on efficiency and growth

Third Coast Bancshares delivered strong financial results in Q1 2024, with a focus on profitability, efficiency, and risk management. The company's strategic initiatives to diversify its deposit portfolio, reduce costs, and drive revenue growth position it well for future success. Addressing credit quality challenges and seizing growth opportunities will be key priorities moving forward.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Highlighting its Month-Long, Companywide Sustainable Habits Initiative Since 2022, over 1,075 trees have been planted in recognition of Third Coast employees. HOUSTON , April 29, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced its observance of Earth Month throughout April, showcasing its dedication to sustainability and making a significant impact for the environment.

Third Coast Bancshares, Inc. Celebrates Earth Month 2024, Reinforcing its Commitment to Impact & Sustainability

Third Coast Bancshares (TCBX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Third Coast Bancshares (TCBX) Upgraded to Strong Buy: What Does It Mean for the Stock?

Third Coast Bancshares, Inc. (NASDAQ:TCBX ) Q1 2024 Results Conference Call April 25, 2024 11:00 AM ET Company Participants Natalie Hairsto - IR Bart Caraway - Chairman, President & CEO John McWhorter - CFO Audrey Duncan - CCO Conference Call Participants Bernard Von Gizycki - Deutsche Bank Michael Rose - Raymond James Woody Lay - KBW Thomas Wendler - Stephens Operator Greetings, and welcome to the Third Coast Bancshares First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Third Coast Bancshares, Inc. (TCBX) Q1 2024 Earnings Call Transcript

Third Coast Bancshares, Inc. (TCBX) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.55 per share a year ago.

Third Coast Bancshares, Inc. (TCBX) Q1 Earnings and Revenues Surpass Estimates

Continued Growth Results in Record EPS of $0.68 and Diluted EPS of $0.61 HOUSTON , April 24, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 first quarter financial results. 2024 First Quarter Financial and Operational Highlights Net income for the first quarter of 2024 totaled $10.4 million, or $0.68 and $0.61 per basic and diluted share, respectively, compared to $9.7 million, or $0.62 and $0.57 per basic and diluted share, respectively, for the fourth quarter of 2023.

Third Coast Bancshares, Inc. Reports 2024 First Quarter Financial Results

Third Coast Bancshares (TCBX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Third Coast Bancshares, Inc. (TCBX) Expected to Beat Earnings Estimates: Should You Buy?

HOUSTON , April 4, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 first quarter financial results on Wednesday, April 24, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, April 25, 2024 at 11:00 a.m.

Third Coast Bancshares, Inc. Announces 2024 First Quarter Earnings Release and Conference Call Schedule

HOUSTON , March 21, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $16.875 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on April 15, 2024 to holders of record at the close of business on March 31, 2024.

Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock

Third Coast converts to a Texas Banking Association HOUSTON , March 14, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," or "our"), the holding company of Third Coast Bank (the "Bank"), today announced that the Bank has successfully converted its charter from a Texas state savings bank to a Texas banking association. The strategic charter conversion became effective on March 13, 2024.

Third Coast Announces Conversion to State-Chartered Bank

Alexander named Chief Risk and Operations Officer Eber named Chief Legal Officer HOUSTON , March 4, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," or "our"), the holding company of Third Coast Bank, SSB, today announced two executive promotions to strategically align its operational, risk, and legal functions. The new leadership roles for Vicki Alexander and Liz Eber reflect Third Coast's strategic focus on operational excellence and prudent risk management as foundations for sustainable, profitable growth.

Third Coast Announces Organizational Changes to Drive Future Growth

Century Communities

Eldorado Gold

Inhibikase Therapeutics

Southside Bancshares

EGO, SBSI, CCS, TCBX and IKT have been added to the Zacks Rank #1 (Strong Buy) List on February 6, 2023.

New Strong Buy Stocks for February 6th

Third Coast Bancshares, Inc. (TCBX) Q4 2023 Earnings Call Transcript

Third Coast Bancshares, Inc. (TCBX) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.44 per share a year ago.

Third Coast Bancshares, Inc. (TCBX) Q4 Earnings and Revenues Top Estimates

Year over Year Book Value grew 9.0% and Tangible Book Value (1)  grew 9.7% HOUSTON , Jan. 25, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, SSB, today reported its 2023 fourth quarter and full year financial results. 2023 Fourth Quarter Financial Highlights Total assets increased $180.3 million to a record $4.40 billion as of December 31, 2023, or 4.3% over the $4.22 billion reported as of September 30, 2023.

THIRD COAST BANCSHARES, INC. REPORTS RECORD 2023 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

HOUSTON , Jan. 4, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that it will report its 2023 fourth quarter and full year financial results on Thursday, January 25, 2024 after the market closes. Management has scheduled a conference call and webcast on Friday, January 26, 2024 at 11:00 a.m.

Third Coast Bancshares, Inc. Announces 2023 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule

BCB Bancorp

Eagle Bancorp

First Foundation

First Guaranty Bancshares

HomeStreet

First Internet Bancorp

Investar Hhld

SPDR S&P Regional Banking ETF

Territorial Bancorp

Bank stocks started rallying in May but then fell back creating new opportunities. Ten community bank stocks trading below 65% of tangible book value are reviewed, highlighting their risk factors and financial metrics. Territorial Bancorp is recommended if you expect a recession and Third Coast if you don't.

Ten Community Banks Trading At More Than 35% Below Tangible Book

Third Coast Bancshares, Inc. (NASDAQ:TCBX ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Natalie Hairston - Dennard Lascar, Investor Relations Bart Caraway - President and Chief Executive Officer John McWhorter - Chief Financial Officer Audrey Duncan - Chief Credit Officer Conference Call Participants Graham Dick - Piper Sandler Michael Rose - Raymond James Bernard Gizycki - Deutsche Bank Matt Olney - Stephens Inc Operator Greetings, and welcome to Third Coast Banc Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Third Coast Bancshares, Inc. (TCBX) Q3 2023 Earnings Call Transcript

The heavy selling pressure might have exhausted for Third Coast Bancshares, Inc. (TCBX) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -10.95% in 4 Weeks, Here's Why Third Coast Bancshares, Inc. (TCBX) Looks Ripe for a Turnaround

Third Coast Bancshares, Inc. (TCBX) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.49 per share a year ago.

Third Coast Bancshares, Inc. (TCBX) Lags Q3 Earnings Estimates

Total loans grow $225.7 million to $3.56 billion Book Value grows 1.4% and Tangible Book Value (1) grows 1.5% HOUSTON , Oct. 25, 2023 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, SSB, today reported its 2023 third quarter financial results. Third Quarter Financial and Operational Highlights Total assets reached $4.22 billion, an increase of $252.3 million, or 6.4%, over the $3.96 billion reported as of June 30, 2023, and 19.9% over the $3.52 billion reported as of September 30, 2022.

THIRD COAST BANCSHARES, INC. REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS

Third Coast Bancshares, Inc. (TCBX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Third Coast Bancshares, Inc. (TCBX) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

HOUSTON , Oct. 4, 2023 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that it will report its 2023 third quarter financial results on Wednesday, October 25, 2023 after the market closes. Management has scheduled a conference call and webcast on Thursday, October 26, 2023 at 11:00 a.m.

Third Coast Bancshares, Inc. Announces 2023 Third Quarter Earnings Release and Conference Call Schedule

HOUSTON , Aug. 23, 2023 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it has joined the Bankers Helping Bankers (BHB) Banking-as-a-Service (BaaS) Association.  The BaaS Association is a premiere governance association whose primary goals include BaaS education, regulatory collaboration, and community bank sponsorship to source new revenue streams.

Third Coast Bank Joins the Bankers Helping Bankers BaaS Association

Third Coast Bancshares (TCBX) Q2 2023 Earnings Call Transcript

Current Bank Board member and former Briggs & Veselka executive brings more than 30 years of financial services experience to Third Coast HOUSTON , July 27, 2023 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced the appointment of David Phelps to its Board of Directors, effective immediately. Mr. Phelps, who has been a Director on the Third Coast Bank Board since June 2022, was formerly the leader of the Business Advisory practice of Briggs & Veselka.

News for Third Coast Bancshares Stock (TCBX)