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.

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Third Coast Bancshares achieves record growth and outlines strategic priorities

Third Coast Bancshares reported strong financial performance in 2022, with record-level growth in key metrics and a clear strategic direction for 2023. Analyst inquiries during the earnings call highlighted positive trends in net interest margin, loan growth targets, and expense management strategies. The company's focus on asset quality, sustainable growth, and customer retention positions it well for future success.

Third Coast Bancshares excels in Q1 2023, eyes credit quality and fee income growth

Third Coast Bancshares delivered a strong performance in Q1 2023, showcasing growth in key financial metrics and a focus on credit quality. While challenges like moderate loan growth guidance exist, opportunities in enhancing credit performance and fee income growth are on the horizon.

Third Coast Bancshares excels in Q2, eyes sustained growth

Third Coast Bancshares demonstrated robust financial performance, strategic focus on growth, and proactive risk management in Q2 2023.
The company's strengths in credit quality management, expense control, and customer service innovation position it well for sustained success.
Challenges include maintaining growth momentum, managing expenses, and navigating interest rate impacts, while opportunities lie in continued growth and market expansion.

Third Coast Bancshares reports strong Q3 performance and eyes sustainable growth opportunities

Third Coast Bancshares demonstrated robust performance in Q3 with notable loan and deposit growth, strategic expense management, and a focus on asset quality.
While facing challenges in loan resolution timelines and nonaccrual increases, the company's strengths lie in credit performance, expense management, and capital monitoring.
Opportunities for future growth include navigating the interest rate environment, achieving self-funding, and maintaining a balance between loan growth and capital requirements.

Third Coast Bancshares achieves record earnings, eyes strategic growth in 2024

Third Coast Bancshares (TCBX) delivers strong financial performance in Q4 2023, driven by record net income and robust growth in net interest income.
The bank's strategic priorities and focus on operational efficiency position it well for sustained growth and competitive advantage.
While challenges like expense management and growth balance persist, Third Coast Bancshares remains confident in its ability to navigate 2024 successfully.

Third Coast Bancshares achieves record profits and targets sustainable growth

Third Coast Bancshares delivered a strong performance in Q1 2024, with record profits, solid credit quality, and a focus on operational excellence.
While challenges exist in external factors and operational complexities, the company's strengths in growth strategies and cost management position it well for future success.
Opportunities for expansion, innovation, and strategic initiatives present avenues for sustained growth and value creation for Third Coast Bancshares and its stakeholders.

Third Coast Bancshares reports robust Q2 earnings amidst growth strategies

Third Coast Bancshares' Q2 2024 earnings call highlighted improved profitability, strong financial performance, and proactive credit risk management strategies.
The company's focus on sustainable growth, operational excellence, and efficiency enhancements positions it well for future success in a competitive banking environment.
While challenges such as customer sentiments and expense management exist, opportunities in revenue diversification and market expansion present avenues for continued growth and value creation.

Third Coast Bancshares (TCBX) achieves record earnings and eyes Texas expansion

Third Coast Bancshares (TCBX) delivered a robust performance in Q3 2024, marked by record earnings, improved credit quality, and efficiency gains. The company's focus on loan growth, Texas market opportunities, and operational excellence positions it for sustained growth. TCBX faces challenges in managing asset exposure and balancing efficiency improvements with debt repayment strategies.

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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

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

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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

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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.

Third Coast Bancshares Appoints David Phelps to Board of Directors

Book Value grows 2.5% and Tangible Book Value (1) grows 2.7% in second quarter 2023 Total assets reached $3.96 billion HOUSTON , July 26, 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 second quarter financial results. Financial Highlights Book value per share and tangible book value per share(1) increased to $24.23 and $22.82, respectively, as of June 30, 2023 compared to $23.63 and $22.22, respectively, as of March 31, 2023 and to $22.43 and $21.00, respectively, as of June 30, 2022.

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

Third Coast Bancshares, Inc. (TCBX) doesn't possess 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) Earnings Expected to Grow: Should You Buy?

HOUSTON , July 5, 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 second quarter financial results on Wednesday, July 26, 2023 after the market closes. Management has scheduled a conference call and webcast on Thursday, July 27, 2023 at 11:00 a.m.

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

HOUSTON , June 1, 2023 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced the grand opening of its newest location at 5000 Legacy Drive, Plano Texas 75024.  Third Coast Bank's newest location in Plano, Texas is now open and ready to serve the financial needs of the local community.

Third Coast Bank Hosts Grand Opening for New Plano Branch

Each employee recognized with a tree planting in their honor Campaign reinforces Third Coast's commitment to ESG HOUSTON , April 28, 2023 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that, in honor of Arbor Day, it has partnered with A Living Tribute, a sponsor of reforestation projects across North America, for its 2nd Annual Tree Planting Campaign.  The campaign recognizes each of its approximately 370 employees by planting a tree in their honor.

Third Coast Bancshares, Inc. Celebrates Arbor Day with 2nd Annual Tree Planting Campaign

Third Coast Bancshares, Inc. (TCBX) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.15 per share a year ago.

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

Continued progress results in 1.02% ROAA on improved margins HOUSTON , April 26, 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 first quarter financial results. 2023 First Quarter Financial Highlights Loans held for investment grew $105.8 million to $3.21 billion, or 3.4%, over the $3.11 billion reported as of December 31, 2022 and 31.3% over the $2.45 billion reported as of March 31, 2022.

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