Third Coast Bancshares Inc
NASDAQ:TCBX

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Third Coast Bancshares Inc Logo
Third Coast Bancshares Inc
NASDAQ:TCBX
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Price: 38.19 USD -1.6% Market Closed
Market Cap: 530.5m USD

Third Coast Bancshares Inc
Investor Relations

Third Coast Bancshares, Inc. engages in operation of a bank holding company. The company is headquartered in Humble, Texas and currently employs 334 full-time employees. The company went IPO on 2021-11-09. The Company, through its subsidiary, Third Coast Bank (the Bank) and the Bank's wholly owned subsidiary, Third Coast Commercial Capital, Inc. (TCCC) provides general consumer and commercial banking services to small and medium-sized businesses and professionals. The Bank operates approximately 12 branch offices located in the North, Central and Southeast regions of Texas. The branch locations include Humble, Beaumont, Port Arthur, Houston, Dallas, Plano, Detroit, La Vernia and Nixon, among others. The Bank is engaged in traditional community banking activities that include commercial and retail lending, deposit gathering, and investment and liquidity management activities. Its deposit products are demand deposits, money market accounts and certificates of deposit. Its lending products are commercial business and real estate, real estate mortgage and consumer loans. TCCC provides accounts receivable factoring activities.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Record Assets: Third Coast Bancshares surpassed $5 billion in total assets for the first time, marking a major milestone in its history.

Profit Growth: Net income rose to $16.9 million in Q3, up 8.3% from last quarter, with return on average assets reaching a record 1.41%.

Efficiency Improvement: The bank's efficiency ratio improved to 53.05%, reflecting better expense management and operating leverage.

Merger Announcement: Third Coast announced a definitive merger agreement with Keystone Bancshares, aiming for $6 billion in pro forma assets post-close in Q1 2026.

Loan & Deposit Growth: Both loans and deposits grew in Q3, with strong loan demand and a pipeline supporting targeted growth of $50–100 million in Q4.

Credit Quality Stable: Nonaccrual loans declined for the second straight quarter and overall credit quality remained strong.

Fee Income Strength: Fee income was a bright spot due to expanded treasury products, though management expects it to be flat or slightly down in Q4.

Key Financials
Total Assets
$5 billion
Net Income
$16.9 million
Return on Average Assets
1.41%
Return on Equity
15.1%
Efficiency Ratio
53.05%
Net Interest Margin
4.10%
Net Interest Income
$15 million increase
Noninterest Expenses
Flat
Investment Securities
$583 million
Yield on Securities Portfolio
6.07%
AOCI
$10.9 million gain
Deposits
Up $92 million
Loan-to-Deposit Ratio
95%
Capitalized Loan Fees
$19.9 million
Average Loans
Up $158 million
Period-End Loans
Up $85.4 million
Book Value per Share
$32.25
Tangible Book Value per Share
$30.91
Nonaccrual Loans
Declined by $2.6 million
Nonperforming Loans
Increased by $1.6 million QoQ; $2.3 million lower YoY
Nonperforming Loans to Total Loans Ratio
Up 3 bps QoQ; down 10 bps YoY
Provision Expense
Up 4 bps
Net Recoveries
$17,000
Annualized Loan Growth Rate
Approximately 8%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Bart O. Caraway CPA
Chairman, President & CEO
No Bio Available
Mr. R. John McWhorter
Chief Financial Officer
No Bio Available
Mr. William Bobbora
Executive VP & Chief Banking Officer
No Bio Available
Ms. Vicki Alexander
Executive VP and Chief Risk & Operations Officer
No Bio Available
Ms. Liz Eber
Executive VP & Chief Legal Officer
No Bio Available
Ms. Audrey A. Duncan
Senior EVP & Chief Credit Officer
No Bio Available
Mr. Andrew Novarini
Executive VP & President of Community Banking
No Bio Available
Mr. Christopher S. Peacock
Executive VP & Chief Retail Officer
No Bio Available
Ms. Sarah Natho
Treasurer
No Bio Available
Jo Ann Dean
Secretary
No Bio Available

Contacts

Address
TEXAS
Humble
20202 Highway 59 North, Suite 190
Contacts
+12814467000.0
www.tcbssb.com