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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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: What to Know Ahead of Next Week's Release

HOUSTON , April 12, 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 first quarter financial results on Wednesday, April 26, 2023 after the market closes. Management has scheduled a conference call and webcast on Thursday, April 27, 2023 at 11:00 a.m.

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

Third Coast Bancshares, Inc. (TCBX) delivered earnings and revenue surprises of 4.76% and 0.14%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Third Coast Bancshares, Inc. (TCBX) Q4 Earnings Surpass Estimates

Gross Loans, Deposits and Total Assets grew over 50% for full year 2022 compared to full year 2021 results HOUSTON , Jan. 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 2022 fourth quarter and full year financial results. 2022 Fourth Quarter Financial and Operational Highlights Loans held for investment grew $134.7 million to $3.11 billion as of December 31, 2022, or 4.5%, over the $2.97 billion reported as of September 30, 2022.

THIRD COAST BANCSHARES, INC. REPORTS 2022 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

HUMBLE, Texas , Jan. 12, 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 2022 fourth quarter and full year financial results on Thursday, January 26, 2023 after the market closes. Management has scheduled a conference call and webcast on Friday, January 27, 2023 at 11:00 a.m.

Third Coast Bancshares, Inc. Announces 2022 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule

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HUMBLE, Texas , Dec. 15, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), the holding company of Third Coast Bank, SSB, today announced that its Board of Directors has declared a quarterly cash dividend of $17.25 per share on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The dividend is payable on January 17, 2023 to holders of record at the close of business on December 31, 2022.

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

Third Coast Bancshares, Inc. (TCBX) delivered earnings and revenue surprises of 44.12% and 7.95%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Third Coast Bancshares, Inc. (TCBX) Q3 Earnings and Revenues Surpass Estimates

Record Quarterly Net Income and Net Interest Income HUMBLE, Texas , Oct. 26, 2022 /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 third quarter 2022 financial results. Third Quarter 2022 Financial and Operational Highlights Loans held for investment grew $223.7 million to $2.97 billion as of September 30, 2022, or 8.1%, over the $2.75 billion reported as of June 30, 2022, and increased $1.36 billion, or 84.4%, over the $1.61 billion reported as of September 30, 2021.

THIRD COAST BANCSHARES, INC. REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS

HUMBLE, Texas , Oct. 13, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that it will report its 2022 third quarter financial results on Wednesday, October 26, 2022 after the market closes. Management has scheduled a conference call and webcast on Thursday, October 27, 2022 at 11:00 a.m.

Third Coast Bancshares, Inc. Announces 2022 Third Quarter Earnings Release and Conference Call Schedule

HUMBLE, Texas , Oct. 3, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast" or the "Company"), the holding company for Third Coast Bank, SSB, today announced that it closed its previously-announced private placement of non-cumulative convertible preferred stock ("Series A Preferred Stock") on Friday, September 30, 2022. The Company issued an aggregate of 69,400 shares of Series A Preferred Stock to accredited investors at a purchase price of $1,000 per share for aggregate gross proceeds of $69.4 million.

Third Coast Bancshares, Inc. Announces Closing of $69.4 Million Private Placement of Convertible Preferred Stock

HUMBLE, Texas , Sept. 8, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast" or the "Company"), the holding company for Third Coast Bank, SSB (the "Bank"), today announced that it has entered into an investment agreement with Castle Creek Capital Partners VIII, LP ("Castle Creek") and certain other accredited investors (collectively, the "Investors"), pursuant to which the Company expects to raise aggregate gross proceeds of $69.4 million through the issuance of non-cumulative convertible preferred stock.

Third Coast Bancshares, Inc. Announces Private Placement of $69.4 Million of Convertible Preferred Stock

Strategic Growth Plan Includes Realignment of Production Leadership and Research and Development Initiatives HUMBLE, Texas , July 27, 2022 /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 2022 second quarter financial results. Second Quarter 2022 Financial and Operational Highlights Loans held for investment grew $301.2 million to $2.75 billion, or 12.3%, over the first quarter of 2022, and a 77.2% increase over the $1.55 billion reported in the second quarter of 2021.

THIRD COAST BANCSHARES, INC. REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS

HUMBLE, Texas , July 26, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (Nasdaq: TCBX) (the "Company" or "Third Coast") the bank holding company for Third Coast Bank SSB, today announced the appointments of Bill Bobbora as Executive Vice President and Chief Banking Officer, and Andrew Novarini as Executive Vice President and President of Community Banking, effective immediately.  Bart Caraway, Third Coast's Chairman, President and Chief Executive Officer, said, "We are excited to promote Bill and Andrew to these important positions within our Bank.

Third Coast Bank SSB Promotes Bill Bobbora and Andrew Novarini

HUMBLE, Texas , July 13, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that it will report its 2022 second quarter financial results on Wednesday, July 27, 2022 after the market closes. Management has scheduled a conference call and webcast on Thursday, July 28, 2022 at 11:00 a.m.

THIRD COAST BANCSHARES, INC. ANNOUNCES 2022 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

HUMBLE, Texas , July 11, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. Inc. (Nasdaq: TCBX) (the "Company" or "Third Coast"), the bank holding company for Third Coast Bank, SSB, announced today that it extended its offer to holders of $82,250,000 in aggregate principal amount of its 5.500% Fixed-to-Floating Rate Subordinated Notes due 2032 (the "Old Notes"), issued March 31, 2022 to exchange the Old Notes for a like principal amount of notes with identical terms other than that such new notes have been registered under the Securities Act of 1933, as amended. The exchange offer, which had been scheduled to expire on July 8, 2022 at 5:00 p.m.

Third Coast Bancshares Announces Extension of Exchange Offer

Alloy Labs Members Work Together to Drive Innovation, Build Partnerships, and Make Strategic Investments HUMBLE, Texas , July 6, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (the "Company" or "Third Coast"), the bank holding company for Third Coast Bank, SSB, today announced that it has joined Alloy Labs, a consortium of community and mid-sized banks focused on adopting technology more effectively and efficiently by speeding up the pace of innovation of new FinTech products.  Participation in the consortium will allow Third Coast access to state-of-the-art FinTech products and services at the forefront of the banking industry, creating opportunities to share best practices through collaboration.

THIRD COAST BANK JOINS NATIONAL INNOVATION CONSORTIUM

The average of price targets set by Wall Street analysts indicates a potential upside of 29.5% in Third Coast Bancshares, Inc. (TCBX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 30% Upside in Third Coast Bancshares, Inc. (TCBX): Here's What You Should Know

The average of price targets set by Wall Street analysts indicates a potential upside of 30.4% in Third Coast Bancshares, Inc. (TCBX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Third Coast Bancshares, Inc. (TCBX) Could Rally 30%: Here's is How to Trade

Strong First Quarter Loan & Deposit Growth Exceed Plan HUMBLE, Texas , April 28, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company" or "Third Coast"), the bank holding company for Third Coast Bank, SSB, today reported its 2022 first quarter financial results. First Quarter 2022 Financial and Operational Highlights Loans held for investment grew $379.2 million to $2.45 billion, or 18.3% over the fourth quarter of 2021 and a 44.6% increase over the first quarter of 2021.

THIRD COAST BANCSHARES, INC. REPORTS STRONG FIRST QUARTER 2022 FINANCIAL RESULTS

Tree planting campaign reinforces Third Coast's commitment to monthlong earth-friendly initiatives HUMBLE, Texas , April 25, 2022 /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 on Friday, April 29, it has partnered with A Living Tribute, a sponsor of reforestation projects across North America, to recognize each of its approximately 340 employees by planting a tree on their behalf. Each employee will  receive a customized e-certificate to commemorate the planting.

Third Coast Bancshares, Inc. to Celebrate Arbor Day One Employee at a Time

Earth Day campaign reinforces Third Coast's commitment to monthlong earth-friendly initiatives HUMBLE, Texas , April 18, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that, in recognition of the upcoming 52nd anniversary of Earth Day, each branch will host an electronic recycling event from April 18 until Earth Day on Friday, April 22. To encourage consumers to recycle electronic devices in an environmentally sound manner, Third Coast is inviting its customers to recycle any brand of used or outdated electronics for free.

Third Coast Bancshares, Inc. Celebrates Earth Day by Hosting Free Electronics Recycling Events

HUMBLE, Texas , April 14, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that it will report its 2022 first quarter financial results on Thursday, April 28, 2022 after the market closes. Management has scheduled a conference call and webcast on Friday, April 29, 2022 at 11:00 a.m.

THIRD COAST BANCSHARES, INC. ANNOUNCES 2022 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

Electronic Statements campaign reinforces Third Coast's commitment to monthlong earth-friendly initiatives HUMBLE, Texas , April 11, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced a campaign to encourage its customers to go paperless. By switching to free and secure electronic statements, or E-Statements, Third Coast customers can avoid the clutter of traditional paper statements and enjoy the ease and convenience of the bank's online banking solutions.

Third Coast Bancshares, Inc. Customers Opt for E-Statements

HUMBLE, Texas , April 1, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, Humble, Texas, announced the issuance of approximately $82.3 million in aggregate principal amount of its 5.500% Fixed-to-Floating Rate Subordinated Notes due 2032 (the "Notes") to certain institutional accredited investors and qualified institutional buyers in a private placement transaction.  The Notes are intended to qualify as Tier 2 capital for regulatory capital purposes, and the Company intends to use the net proceeds from this offering for general corporate purposes.

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