TCBX
Third Coast Bancshares, Inc.40.21
+0.13+0.32%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
558.68MP/E (TTM)
11.29Basic EPS (TTM)
3.56Dividend Yield
0%Recent Filings
8-K
8-K
Third Coast merges with Keystone
Third Coast Bancshares announced a $123 million merger with Keystone Bancshares on October 22, 2025, blending stock and up to $20 million cash for Keystone shares at a 0.45925 exchange ratio. The deal bolsters Third Coast's Austin foothold, pushing combined assets past $6 billion while blending culturally matched community banks. Integration looks straightforward. Yet regulatory and shareholder nods remain hurdles.
8-K
Q3 earnings hit record EPS
Third Coast Bancshares reported Q3 2025 net income of $18.1 million, up from $16.7 million last quarter, with diluted EPS hitting $1.03 and gross loans climbing to $4.17 billion. Net interest margin dipped to 4.10% yet supported 25.9% year-over-year income growth, while efficiency ratio improved to 53.03%. Record earnings reflect steady deposit gains to $4.37 billion. Stock now lists on NYSE and NYSE Texas for better liquidity. Nonperforming loans edged up to 0.52%. Forward-looking statements note interest rate risks.
8-K
Declares preferred stock dividend
Third Coast Bancshares declared a quarterly cash dividend of $17.25 per share on its 6.75% Series A Convertible Non-Cumulative Preferred Stock, payable October 15, 2025, to holders of record September 30, 2025. This routine payout underscores steady commitment to preferred shareholders amid Texas banking operations. Dividend payments remain subject to board discretion. Forward-looking statements highlight risks like interest rate fluctuations.
10-Q
Q2 FY2025 results
Third Coast Bancshares posted solid Q2 FY2025 results, with net interest income jumping 27.1% year-over-year to $49.4M on loan growth and securitizations that boosted yields, while deposit costs eased to 4.0% from 4.8%. Revenue climbed 9.2% y/y to $88.7M, driving net income up 55.1% to $16.7M and diluted EPS to $0.96 from $0.63, reconciled against 17.4M weighted shares. Noninterest expenses rose 12.6% to $28.8M on staffing and legal costs tied to two $250M loan securitizations closed in April and June, recognizing $206.1M in held-to-maturity notes. Liquidity held firm with $119.0M in cash and $1.8B in Federal Reserve borrowing capacity, against $111.7M in debt including $80.9M subordinated notes at 5.5%. Yet competition from larger banks pressures deposit retention in Texas markets.
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