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Third Coast Bancshares (TCBX) Financials

Third Coast Bancshares logo
$30.48 -0.27 (-0.88%)
Closing price 05/23/2025 04:00 PM Eastern
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$30.44 -0.04 (-0.13%)
As of 05/23/2025 07:26 PM Eastern
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Annual Income Statements for Third Coast Bancshares

Annual Income Statements for Third Coast Bancshares

This table shows Third Coast Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 43 29 17
Consolidated Net Income / (Loss)		 48 33 19
Net Income / (Loss) Continuing Operations		 48 33 19
Total Pre-Tax Income 		61 42 23
Total Revenue		 171 148 124
Net Interest Income / (Expense)		 161 140 116
Total Interest Income		 328 267 154
Loans and Leases Interest Income		 295 249 146
Investment Securities Interest Income		 17 8.31 3.93
Federal Funds Sold and Securities Borrowed Interest Income		 16 9.32 3.60
Total Interest Expense		 168 127 37
Deposits Interest Expense		 160 115 31
Long-Term Debt Interest Expense		 7.85 12 6.80
Total Non-Interest Income		 11 8.21 7.22
Other Service Charges		 8.12 5.18 4.96
Net Realized & Unrealized Capital Gains on Investments		 0.03 0.92 0.95
Other Non-Interest Income		 2.48 2.10 1.31
Provision for Credit Losses		 5.70 6.32 12
Total Non-Interest Expense		 104 100 88
Salaries and Employee Benefits		 65 62 57
Net Occupancy & Equipment Expense		 13 11 8.53
Marketing Expense		 1.71 2.63 1.91
Property & Liability Insurance Claims		 5.63 7.78 6.99
Other Operating Expenses		 19 16 14
Income Tax Expense		 14 8.21 4.51
Preferred Stock Dividends Declared		 4.75 4.74 1.42
Basic Earnings per Share		 $3.14 $2.11 $1.28
Weighted Average Basic Shares Outstanding		 13.79M 13.61M 13.58M
Diluted Earnings per Share		 $2.78 $1.98 $1.25
Weighted Average Diluted Shares Outstanding		 13.79M 13.61M 13.58M
Weighted Average Basic & Diluted Shares Outstanding		 13.79M 13.61M 13.58M

Quarterly Income Statements for Third Coast Bancshares

This table shows Third Coast Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 13 12 9.61 9.20 8.49 4.39 7.71 8.07 6.11 6.77
Consolidated Net Income / (Loss)		 14 13 11 10 9.69 5.58 8.89 9.24 7.53 6.77
Net Income / (Loss) Continuing Operations		 14 13 11 10 9.69 5.58 8.89 9.24 7.53 6.77
Total Pre-Tax Income 		18 16 14 13 12 7.01 11 11 9.33 8.27
Total Revenue		 46 43 42 40 39 37 36 35 34 34
Net Interest Income / (Expense)		 43 40 39 38 37 35 34 33 32 31
Total Interest Income		 86 83 81 79 77 69 63 57 51 43
Loans and Leases Interest Income		 76 75 73 71 70 65 59 54 48 40
Investment Securities Interest Income		 4.94 4.53 4.49 3.09 2.75 1.99 2.03 1.55 1.39 1.37
Federal Funds Sold and Securities Borrowed Interest Income		 4.58 2.72 3.63 5.11 4.00 2.02 1.39 1.92 1.68 1.24
Total Interest Expense		 42 42 42 41 40 34 29 25 19 12
Deposits Interest Expense		 40 40 40 39 38 30 25 22 16 9.73
Long-Term Debt Interest Expense		 1.87 1.93 1.96 2.10 2.07 3.77 3.68 2.46 3.32 2.02
Total Non-Interest Income		 2.87 2.52 2.89 2.34 2.16 1.87 2.28 1.90 1.75 2.54
Other Service Charges		 2.02 2.35 2.18 1.57 1.25 0.85 1.75 1.33 1.13 1.39
Net Realized & Unrealized Capital Gains on Investments		 0.20 -0.48 0.12 0.19 0.35 0.48 0.00 0.10 0.12 0.73
Other Non-Interest Income		 0.66 0.65 0.59 0.58 0.56 0.54 0.53 0.48 0.50 0.42
Provision for Credit Losses		 1.16 1.09 1.90 1.56 1.10 2.62 1.40 1.20 1.95 2.90
Total Non-Interest Expense		 27 26 26 26 26 28 24 22 23 23
Salaries and Employee Benefits		 17 16 16 17 16 17 15 14 14 15
Net Occupancy & Equipment Expense		 3.29 3.23 3.15 3.05 2.88 2.93 2.85 2.63 2.59 2.23
Marketing Expense		 0.53 0.42 0.41 0.36 0.61 0.52 0.81 0.69 0.58 0.44
Property & Liability Insurance Claims		 1.59 1.04 1.62 1.39 2.31 2.00 1.55 1.93 1.89 1.35
Other Operating Expenses		 4.81 5.19 4.54 4.63 4.50 4.71 3.59 3.08 3.10 3.99
Income Tax Expense		 4.19 3.49 3.42 2.58 2.29 1.43 2.25 2.25 1.80 1.50
Preferred Stock Dividends Declared		 1.20 1.20 1.18 1.17 1.20 1.18 1.18 1.17 1.42 0.00
Basic Earnings per Share		 $0.91 $0.85 $0.70 $0.68 $0.62 $0.32 $0.57 $0.60 $0.45 $0.50
Weighted Average Basic Shares Outstanding		 13.79M 13.68M 13.67M 13.65M 13.61M 13.60M 13.61M 13.58M 13.58M -
Diluted Earnings per Share		 $0.80 $0.74 $0.63 $0.61 $0.58 $0.32 $0.53 $0.55 $0.45 $0.49
Weighted Average Diluted Shares Outstanding		 13.79M 13.68M 13.67M 13.65M 13.61M 13.60M 13.61M 13.58M 13.58M -
Weighted Average Basic & Diluted Shares Outstanding		 13.79M 13.68M 13.67M 13.65M 13.61M 13.60M 13.61M 13.58M 13.58M -

Annual Cash Flow Statements for Third Coast Bancshares

This table details how cash moves in and out of Third Coast Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 9.36 80 4.99
Net Cash From Operating Activities		 35 39 22
Net Cash From Continuing Operating Activities		 35 39 22
Net Income / (Loss) Continuing Operations		 48 33 19
Consolidated Net Income / (Loss)		 48 33 19
Provision For Loan Losses		 5.70 6.32 12
Depreciation Expense		 4.62 3.95 2.56
Amortization Expense		 -8.74 -4.62 -2.49
Non-Cash Adjustments to Reconcile Net Income		 -6.98 -5.17 -3.98
Changes in Operating Assets and Liabilities, net		 -7.14 5.19 -5.15
Net Cash From Investing Activities		 -521 -530 -1,240
Net Cash From Continuing Investing Activities		 -521 -530 -1,240
Purchase of Property, Leasehold Improvements and Equipment		 -1.77 -3.44 -12
Purchase of Investment Securities		 -4,600 -3,647 -3,226
Sale of Property, Leasehold Improvements and Equipment		 0.00 0.00 1.33
Sale and/or Maturity of Investments		 4,081 3,122 2,005
Other Investing Activities, net		 0.06 -1.42 -7.88
Net Cash From Financing Activities		 495 570 1,223
Net Cash From Continuing Financing Activities		 495 570 1,223
Net Change in Deposits		 507 567 1,095
Issuance of Debt		 -8.00 8.00 110
Issuance of Preferred Equity		 0.00 0.00 66
Issuance of Common Equity		 0.00 0.05 0.86
Repayment of Debt		 0.00 0.00 -50
Repurchase of Common Equity		 0.00 0.00 0.00
Payment of Dividends		 -4.75 -4.74 -0.22
Other Financing Activities, Net		 0.55 -0.02 0.67
Cash Interest Paid		 166 125 35
Cash Income Taxes Paid		 16 8.57 7.07

Quarterly Cash Flow Statements for Third Coast Bancshares

This table details how cash moves in and out of Third Coast Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 151 17 -244 86 125 19 -43 -21 114 -102
Net Cash From Operating Activities		 -3.63 22 7.30 9.43 18 3.07 11 7.98 6.18 11
Net Cash From Continuing Operating Activities		 -3.63 22 7.30 9.43 18 3.07 11 7.98 6.18 11
Net Income / (Loss) Continuing Operations		 14 13 11 10 9.69 5.58 8.89 9.24 7.53 6.77
Consolidated Net Income / (Loss)		 14 13 11 10 9.69 5.58 8.89 9.24 7.53 6.77
Provision For Loan Losses		 1.16 1.09 1.90 1.56 1.10 2.62 1.40 1.20 1.95 2.90
Depreciation Expense		 6.56 -1.00 -0.65 -0.29 3.90 -0.25 0.07 0.22 3.24 -0.58
Amortization Expense		 -8.00 -0.17 -0.39 -0.18 -4.69 0.05 -0.16 0.18 -2.75 0.08
Non-Cash Adjustments to Reconcile Net Income		 -4.04 0.00 -1.67 -1.27 -1.70 -1.61 -1.61 -0.25 -1.49 1.28
Changes in Operating Assets and Liabilities, net		 -13 9.34 -2.68 -0.77 9.23 -3.32 1.91 -2.63 -2.29 0.12
Net Cash From Investing Activities		 -160 -138 -48 -174 -50 -227 -138 -114 -144 -248
Net Cash From Continuing Investing Activities		 -160 -138 -48 -174 -50 -227 -138 -114 -144 -248
Purchase of Investment Securities		 -1,793 -755 -1,871 -182 -1,449 -242 -1,838 -119 -532 -1,856
Sale and/or Maturity of Investments		 1,626 625 1,822 7.86 1,402 10 1,706 4.43 399 1,604
Other Investing Activities, net		 8.35 -8.18 -0.05 -0.05 -0.24 4.89 -5.94 -0.13 - -
Net Cash From Financing Activities		 314 133 -203 251 158 242 85 85 252 135
Net Cash From Continuing Financing Activities		 314 133 -203 251 158 242 85 85 252 135
Net Change in Deposits		 316 139 -195 248 156 239 86 86 252 86
Issuance of Debt		 -1.00 -5.00 -7.00 5.00 3.00 5.00 - 0.00 -0.00 -0.12
Payment of Dividends		 -1.20 -1.19 -1.17 -1.20 -1.18 -1.18 -1.17 -1.20 -0.22 -
Other Financing Activities, Net		 0.47 -0.08 - 0.16 -0.01 -0.01 - 0.00 - 0.56
Cash Interest Paid		 43 41 41 42 39 33 27 25 19 11
Cash Income Taxes Paid		 13 0.00 3.21 0.00 2.35 2.34 3.88 0.00 1.82 1.50

Annual Balance Sheets for Third Coast Bancshares

This table presents Third Coast Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 4,942 4,396 3,773
Cash and Due from Banks		 371 297 330
Federal Funds Sold		 50 115 2.15
Interest Bearing Deposits at Other Banks		 0.36 0.00 -
Trading Account Securities		 406 203 200
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Premises and Equipment, Net		 26 29 29
Goodwill		 19 19 18
Other Assets		 4,069 3,734 116
Total Liabilities & Shareholders' Equity		 4,942 4,396 3,773
Total Liabilities		 4,482 3,984 3,391
Non-Interest Bearing Deposits		 602 460 486
Interest Bearing Deposits		 3,708 3,344 2,750
Short-Term Debt		 31 39 31
Accrued Interest Payable		 6.28 4.79 2.55
Long-Term Debt		 81 81 80
Other Long-Term Liabilities		 53 57 41
Commitments & Contingencies		 0.00 0.00 -
Total Equity & Noncontrolling Interests		 461 412 382
Total Preferred & Common Equity		 461 412 382
Preferred Stock		 0.07 0.07 0.07
Total Common Equity		 461 412 382
Common Stock		 336 333 332
Retained Earnings		 122 79 53
Treasury Stock		 -1.10 -1.10 -1.10
Accumulated Other Comprehensive Income / (Loss)		 4.51 0.93 -2.10

Quarterly Balance Sheets for Third Coast Bancshares

This table presents Third Coast Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023
Total Assets		 4,628 4,474 4,660 4,216 3,963 3,860
Cash and Due from Banks		 258 242 368 142 245 309
Federal Funds Sold		 12 12 130 144 23 1.79
Interest Bearing Deposits at Other Banks		 0.35 0.35 - - - -
Trading Account Securities		 322 310 273 228 215 195
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net		 27 28 27 29 29 29
Goodwill		 0.00 19 18 18 18 18
Intangible Assets		 0.00 0.00 0.93 1.01 1.05 1.09
Other Assets		 3,989 3,863 135 132 135 129
Total Liabilities & Shareholders' Equity		 4,628 4,474 4,660 4,216 3,963 3,860
Total Liabilities		 4,177 4,039 4,237 3,815 3,568 3,473
Non-Interest Bearing Deposits		 490 464 424 500 529 517
Interest Bearing Deposits		 3,505 3,391 3,627 3,147 2,879 2,806
Short-Term Debt		 32 37 44 36 31 31
Accrued Interest Payable		 7.28 5.67 3.93 4.32 3.52 1.64
Long-Term Debt		 81 81 81 81 80 80
Other Long-Term Liabilities		 63 60 58 48 44 37
Total Equity & Noncontrolling Interests		 451 435 424 400 396 387
Total Preferred & Common Equity		 451 435 424 400 396 387
Preferred Stock		 0.07 0.07 0.07 0.07 0.07 0.07
Total Common Equity		 450 435 424 400 396 387
Common Stock		 335 334 334 333 332 332
Retained Earnings		 109 98 88 70 66 58
Treasury Stock		 -1.10 -1.10 -1.10 -1.10 -1.10 -1.10
Accumulated Other Comprehensive Income / (Loss)		 7.80 4.21 2.87 -1.74 -1.37 -2.12

Annual Metrics And Ratios for Third Coast Bancshares

This table displays calculated financial ratios and metrics derived from Third Coast Bancshares' official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 16.01% 19.45% 29.60%
EBITDA Growth		 39.79% 76.21% 63.09%
EBIT Growth		 47.44% 79.61% 59.97%
NOPAT Growth		 42.72% 79.01% 63.33%
Net Income Growth		 42.72% 79.01% 63.33%
EPS Growth		 40.40% 58.40% -10.71%
Operating Cash Flow Growth		 -10.08% 79.32% 375.37%
Free Cash Flow Firm Growth		 234.45% 95.98% -10.04%
Invested Capital Growth		 7.71% 7.79% 40.86%
Revenue Q/Q Growth		 4.15% 3.93% 6.21%
EBITDA Q/Q Growth		 10.19% 3.48% -22.11%
EBIT Q/Q Growth		 10.74% 6.79% 61.70%
NOPAT Q/Q Growth		 9.27% 6.93% 62.43%
Net Income Q/Q Growth		 9.27% 6.93% 62.43%
EPS Q/Q Growth		 8.59% 7.03% 119.30%
Operating Cash Flow Q/Q Growth		 -37.58% 40.96% 27.44%
Free Cash Flow Firm Q/Q Growth		 340.34% 98.97% 0.00%
Invested Capital Q/Q Growth		 1.64% 2.84% 0.00%
Profitability Metrics		 - - -
EBITDA Margin		 33.40% 27.71% 18.79%
EBIT Margin		 35.80% 28.17% 18.73%
Profit (Net Income) Margin		 27.82% 22.61% 15.09%
Tax Burden Percent		 77.70% 80.27% 80.54%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 22.30% 19.73% 19.46%
Return on Invested Capital (ROIC)		 8.64% 6.52% 4.43%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.64% 6.52% 4.43%
Return on Net Nonoperating Assets (RNNOA)		 2.29% 1.89% 1.05%
Return on Equity (ROE)		 10.93% 8.42% 5.48%
Cash Return on Invested Capital (CROIC)		 1.22% -0.98% -29.50%
Operating Return on Assets (OROA)		 1.31% 1.02% 0.74%
Return on Assets (ROA)		 1.02% 0.82% 0.59%
Return on Common Equity (ROCE)		 10.92% 8.41% 5.48%
Return on Equity Simple (ROE_SIMPLE)		 10.35% 8.11% 4.89%
Net Operating Profit after Tax (NOPAT)		 48 33 19
NOPAT Margin		 27.82% 22.61% 15.09%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 46.41% 51.53% 54.13%
Operating Expenses to Revenue		 60.88% 67.55% 71.40%
Earnings before Interest and Taxes (EBIT)		 61 42 23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 57 41 23
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.01 0.66 0.65
Price to Tangible Book Value (P/TBV)		 1.05 0.69 0.69
Price to Revenue (P/Rev)		 2.71 1.83 2.01
Price to Earnings (P/E)		 10.82 9.43 14.43
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 9.24% 10.60% 6.93%
Enterprise Value to Invested Capital (EV/IC)		 0.27 0.00 0.06
Enterprise Value to Revenue (EV/Rev)		 0.90 0.00 0.23
Enterprise Value to EBITDA (EV/EBITDA)		 2.70 0.00 1.21
Enterprise Value to EBIT (EV/EBIT)		 2.52 0.00 1.21
Enterprise Value to NOPAT (EV/NOPAT)		 3.24 0.00 1.51
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.40 0.00 1.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 23.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.24 0.29 0.29
Long-Term Debt to Equity		 0.18 0.20 0.21
Financial Leverage		 0.26 0.29 0.24
Leverage Ratio		 10.70 10.29 9.21
Compound Leverage Factor		 10.70 10.29 9.21
Debt to Total Capital		 19.50% 22.47% 22.56%
Short-Term Debt to Total Capital		 5.39% 7.32% 6.26%
Long-Term Debt to Total Capital		 14.11% 15.16% 16.30%
Preferred Equity to Total Capital		 0.01% 0.01% 0.01%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 80.48% 77.51% 77.43%
Debt to EBITDA		 1.95 2.92 4.79
Net Debt to EBITDA		 -5.42 -7.14 -9.50
Long-Term Debt to EBITDA		 1.41 1.97 3.46
Debt to NOPAT		 2.34 3.58 5.96
Net Debt to NOPAT		 -6.50 -8.75 -11.83
Long-Term Debt to NOPAT		 1.69 2.41 4.31
Noncontrolling Interest Sharing Ratio		 0.02% 0.02% 0.01%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 6.72 -5.00 -124
Operating Cash Flow to CapEx		 1,989.58% 1,136.89% 200.60%
Free Cash Flow to Firm to Interest Expense		 0.04 -0.04 -3.32
Operating Cash Flow to Interest Expense		 0.21 0.31 0.58
Operating Cash Flow Less CapEx to Interest Expense		 0.20 0.28 0.29
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 6.26 5.16 5.18
Capital & Investment Metrics		 - - -
Invested Capital		 572 531 493
Invested Capital Turnover		 0.31 0.29 0.29
Increase / (Decrease) in Invested Capital		 41 38 143
Enterprise Value (EV)		 155 -22 28
Market Capitalization		 464 270 249
Book Value per Share		 $33.68 $30.28 $28.27
Tangible Book Value per Share		 $32.30 $28.88 $26.85
Total Capital		 572 531 493
Total Debt		 112 119 111
Total Long-Term Debt		 81 81 80
Net Debt		 -310 -292 -221
Capital Expenditures (CapEx)		 1.77 3.44 11
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 112 119 111
Total Depreciation and Amortization (D&A)		 -4.12 -0.67 0.07
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $3.14 $2.11 $1.28
Adjusted Weighted Average Basic Shares Outstanding		 13.79M 13.61M 13.58M
Adjusted Diluted Earnings per Share		 $2.78 $1.98 $1.25
Adjusted Weighted Average Diluted Shares Outstanding		 13.79M 13.61M 13.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.79M 13.61M 13.58M
Normalized Net Operating Profit after Tax (NOPAT)		 48 33 19
Normalized NOPAT Margin		 27.82% 22.61% 15.09%
Pre Tax Income Margin		 35.80% 28.17% 18.73%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.37 0.33 0.62
NOPAT to Interest Expense		 0.28 0.26 0.50
EBIT Less CapEx to Interest Expense		 0.36 0.30 0.33
NOPAT Less CapEx to Interest Expense		 0.27 0.24 0.21
Payout Ratios		 - - -
Dividend Payout Ratio		 9.96% 14.18% 1.18%
Augmented Payout Ratio		 9.96% 14.18% 1.18%

Quarterly Metrics And Ratios for Third Coast Bancshares

This table displays calculated financial ratios and metrics derived from Third Coast Bancshares' official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 17.28% 15.53% 14.76% 16.38% 16.47% 9.56% 25.42% 29.23% 27.11% 47.58%
EBITDA Growth		 47.29% 121.86% 19.17% 4.95% 14.01% -12.40% 231.05% 413.78% -40.20% 157.13%
EBIT Growth		 49.70% 132.00% 27.61% 12.71% 28.38% -15.20% 286.71% 326.27% 1,817.29% 175.27%
NOPAT Growth		 41.74% 129.02% 21.43% 12.16% 28.76% -17.61% 290.47% 342.88% 2,027.17% 183.83%
Net Income Growth		 41.74% 129.02% 21.43% 12.16% 28.76% -17.61% 290.47% 342.88% 2,027.17% 183.83%
EPS Growth		 37.93% 131.25% 18.87% 10.91% 28.89% -34.69% 231.25% 266.67% 295.65% 75.00%
Operating Cash Flow Growth		 -120.68% 618.83% -30.45% 18.15% 183.81% -71.01% 152.53% 804.65% 315.92% 261.28%
Free Cash Flow Firm Growth		 5.20% 93.42% 48.70% 30.08% 78.81% -293.45% 84.34% 86.91% 0.00% 203.59%
Invested Capital Growth		 7.71% 8.98% 8.92% 9.99% 7.79% 0.00% 17.64% 15.16% 40.86% 0.00%
Revenue Q/Q Growth		 7.95% 2.76% 3.28% 2.37% 6.34% 2.08% 4.73% 2.44% 0.03% 16.86%
EBITDA Q/Q Growth		 9.22% 14.53% 5.56% 11.56% 64.51% -38.48% -7.04% 21.18% 26.40% 132.49%
EBIT Q/Q Growth		 10.23% 14.38% 9.80% 8.13% 70.84% -37.09% -3.02% 23.17% 12.85% 186.88%
NOPAT Q/Q Growth		 7.50% 18.33% 4.14% 7.00% 73.70% -37.26% -3.81% 22.83% 11.15% 197.32%
Net Income Q/Q Growth		 7.50% 18.33% 4.14% 7.00% 73.70% -37.26% -3.81% 22.83% 11.15% 197.32%
EPS Q/Q Growth		 8.11% 17.46% 3.28% 5.17% 81.25% -39.62% -3.64% 22.22% -8.16% 206.25%
Operating Cash Flow Q/Q Growth		 -116.46% 201.68% -22.53% -46.23% 471.97% -70.81% 31.60% 29.17% -41.58% 154.31%
Free Cash Flow Firm Q/Q Growth		 19.11% 2.36% 12.56% -37.28% 94.38% -660.94% -19.17% 58.39% -151.27% 161.60%
Invested Capital Q/Q Growth		 1.64% 1.92% 0.81% 3.14% 2.84% 1.86% 1.80% 1.08% 0.00% -100.00%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 35.59% 35.18% 31.56% 30.88% 28.34% 18.32% 30.40% 34.25% 28.95% 22.91%
EBIT Margin		 38.71% 37.90% 34.06% 32.03% 30.32% 18.87% 30.63% 33.08% 27.51% 24.39%
Profit (Net Income) Margin		 29.65% 29.78% 25.86% 25.65% 24.54% 15.02% 24.44% 26.61% 22.20% 19.97%
Tax Burden Percent		 76.61% 78.56% 75.94% 80.07% 80.92% 79.58% 79.80% 80.46% 80.68% 81.91%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 23.39% 21.44% 24.06% 19.93% 19.08% 20.42% 20.20% 19.54% 19.32% 18.09%
Return on Invested Capital (ROIC)		 9.21% 9.08% 7.75% 7.52% 7.08% 8.26% 7.24% 7.52% 6.51% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 9.21% 9.08% 7.75% 7.52% 7.08% 8.26% 7.24% 7.52% 6.51% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 2.44% 2.44% 2.13% 2.19% 2.06% 2.40% 2.49% 2.65% 1.55% 0.00%
Return on Equity (ROE)		 11.65% 11.52% 9.88% 9.71% 9.13% 10.67% 9.73% 10.17% 8.06% 0.00%
Cash Return on Invested Capital (CROIC)		 1.22% -0.52% -1.67% -2.92% -0.98% -187.91% -9.30% -8.55% -29.50% 0.00%
Operating Return on Assets (OROA)		 1.42% 1.41% 1.28% 1.15% 1.10% 0.64% 1.16% 1.26% 1.08% 0.00%
Return on Assets (ROA)		 1.09% 1.11% 0.97% 0.92% 0.89% 0.51% 0.93% 1.01% 0.88% 0.00%
Return on Common Equity (ROCE)		 11.65% 11.52% 9.88% 9.71% 9.13% 10.67% 9.73% 10.17% 8.06% 0.00%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 9.68% 8.37% 8.15% 0.00% 7.80% 8.19% 6.67% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 14 13 11 10 9.69 5.58 8.89 9.24 7.53 6.77
NOPAT Margin		 29.65% 29.78% 25.86% 25.65% 24.54% 15.02% 24.44% 26.61% 22.20% 19.97%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 44.99% 45.05% 46.64% 49.24% 49.66% 55.99% 51.40% 49.04% 52.04% 51.31%
Operating Expenses to Revenue		 58.80% 59.57% 61.39% 64.11% 66.89% 74.07% 65.52% 63.47% 66.74% 67.06%
Earnings before Interest and Taxes (EBIT)		 18 16 14 13 12 7.01 11 11 9.33 8.27
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 15 13 12 11 6.80 11 12 9.82 7.77
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.01 0.81 0.67 0.64 0.66 0.58 0.54 0.55 0.65 0.00
Price to Tangible Book Value (P/TBV)		 1.05 0.81 0.70 0.67 0.69 0.61 0.57 0.58 0.69 0.00
Price to Revenue (P/Rev)		 2.71 2.22 1.83 1.78 1.83 1.64 1.55 1.62 2.01 1.98
Price to Earnings (P/E)		 10.82 9.41 9.16 9.14 9.43 8.85 7.52 9.19 14.43 20.11
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 9.24% 10.63% 10.91% 10.94% 10.60% 11.29% 13.30% 10.89% 6.93% 4.97%
Enterprise Value to Invested Capital (EV/IC)		 0.27 0.37 0.28 0.00 0.00 0.12 0.12 0.03 0.06 0.00
Enterprise Value to Revenue (EV/Rev)		 0.90 1.26 0.97 0.00 0.00 0.44 0.42 0.10 0.23 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 2.70 4.00 3.52 0.00 0.00 1.58 1.45 0.42 1.21 0.00
Enterprise Value to EBIT (EV/EBIT)		 2.52 3.75 3.33 0.00 0.00 1.61 1.46 0.43 1.21 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 3.24 4.76 4.22 0.00 0.00 2.00 1.82 0.53 1.51 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.40 3.69 4.12 0.00 0.00 2.26 1.67 0.48 1.29 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 23.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.24 0.25 0.27 0.29 0.29 0.29 0.28 0.29 0.29 0.00
Long-Term Debt to Equity		 0.18 0.18 0.19 0.19 0.20 0.20 0.20 0.21 0.21 0.00
Financial Leverage		 0.26 0.27 0.28 0.29 0.29 0.29 0.34 0.35 0.24 0.00
Leverage Ratio		 10.70 10.39 10.15 10.51 10.29 10.53 10.49 10.03 9.21 0.00
Compound Leverage Factor		 10.70 10.39 10.15 10.51 10.29 10.53 10.49 10.03 9.21 0.00
Debt to Total Capital		 19.50% 19.99% 21.27% 22.71% 22.47% 22.52% 21.95% 22.33% 22.56% 0.00%
Short-Term Debt to Total Capital		 5.39% 5.66% 6.67% 8.01% 7.32% 6.94% 6.09% 6.20% 6.26% 0.00%
Long-Term Debt to Total Capital		 14.11% 14.33% 14.60% 14.71% 15.16% 15.58% 15.86% 16.13% 16.30% 0.00%
Preferred Equity to Total Capital		 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 80.48% 80.00% 78.72% 77.28% 77.51% 77.46% 78.04% 77.66% 77.43% 0.00%
Debt to EBITDA		 1.95 2.17 2.69 3.00 2.92 2.94 2.75 3.39 4.79 0.00
Net Debt to EBITDA		 -5.42 -3.05 -3.13 -9.00 -7.14 -4.30 -3.87 -6.08 -9.50 0.00
Long-Term Debt to EBITDA		 1.41 1.55 1.85 1.94 1.97 2.03 1.98 2.45 3.46 0.00
Debt to NOPAT		 2.34 2.58 3.23 3.61 3.58 3.73 3.43 4.31 5.96 0.00
Net Debt to NOPAT		 -6.50 -3.63 -3.75 -10.83 -8.75 -5.45 -4.83 -7.73 -11.83 0.00
Long-Term Debt to NOPAT		 1.69 1.85 2.21 2.33 2.41 2.58 2.48 3.11 4.31 0.00
Noncontrolling Interest Sharing Ratio		 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -27 -34 -34 -39 -29 -511 -67 -56 -135 264
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 154.43% 326.56%
Free Cash Flow to Firm to Interest Expense		 -0.65 -0.79 -0.81 -0.97 -0.72 -14.98 -2.35 -2.30 -7.13 22.49
Operating Cash Flow to Interest Expense		 -0.09 0.52 0.17 0.23 0.44 0.09 0.37 0.33 0.33 0.90
Operating Cash Flow Less CapEx to Interest Expense		 -0.09 0.52 0.17 0.23 0.44 0.09 0.37 0.33 0.11 0.62
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.03 0.04 0.04 0.04 0.00
Fixed Asset Turnover		 6.26 5.91 5.64 5.54 5.16 4.90 5.38 5.33 5.18 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 572 563 553 548 531 517 507 498 493 0.00
Invested Capital Turnover		 0.31 0.30 0.30 0.29 0.29 0.55 0.30 0.28 0.29 0.00
Increase / (Decrease) in Invested Capital		 41 46 45 50 38 517 76 66 143 -257
Enterprise Value (EV)		 155 208 154 -101 -22 63 59 14 28 0.00
Market Capitalization		 464 366 290 272 270 233 216 213 249 231
Book Value per Share		 $33.68 $32.97 $31.86 $31.13 $30.28 $29.42 $29.15 $28.50 $28.27 $0.00
Tangible Book Value per Share		 $32.30 $32.97 $30.47 $29.73 $28.88 $28.02 $27.75 $27.09 $26.85 $0.00
Total Capital		 572 563 553 548 531 517 507 498 493 0.00
Total Debt		 112 113 118 124 119 116 111 111 111 0.00
Total Long-Term Debt		 81 81 81 81 81 81 80 80 80 0.00
Net Debt		 -310 -158 -137 -374 -292 -170 -157 -200 -221 0.00
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.00 3.24
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 112 113 118 124 119 116 111 111 111 0.00
Total Depreciation and Amortization (D&A)		 -1.44 -1.17 -1.04 -0.47 -0.78 -0.21 -0.08 0.41 0.49 -0.50
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.91 $0.85 $0.70 $0.68 $0.62 $0.32 $0.57 $0.60 $0.45 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 13.79M 13.68M 13.67M 13.65M 13.61M 13.60M 13.61M 13.58M 13.58M 0.00
Adjusted Diluted Earnings per Share		 $0.80 $0.74 $0.63 $0.61 $0.58 $0.32 $0.53 $0.55 $0.45 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 13.79M 13.68M 13.67M 13.65M 13.61M 13.60M 13.61M 13.58M 13.58M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.79M 13.68M 13.67M 13.65M 13.61M 13.60M 13.61M 13.58M 13.58M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 14 13 11 10 9.69 5.58 8.89 9.24 7.53 6.77
Normalized NOPAT Margin		 29.65% 29.78% 25.86% 25.65% 24.54% 15.02% 24.44% 26.61% 22.20% 19.97%
Pre Tax Income Margin		 38.71% 37.90% 34.06% 32.03% 30.32% 18.87% 30.63% 33.08% 27.51% 24.39%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.43 0.38 0.34 0.32 0.30 0.21 0.39 0.47 0.49 0.70
NOPAT to Interest Expense		 0.33 0.30 0.25 0.25 0.24 0.16 0.31 0.38 0.40 0.58
EBIT Less CapEx to Interest Expense		 0.43 0.38 0.34 0.32 0.30 0.21 0.39 0.47 0.28 0.43
NOPAT Less CapEx to Interest Expense		 0.33 0.30 0.25 0.25 0.24 0.16 0.31 0.38 0.19 0.30
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 9.96% 10.86% 13.00% 13.72% 14.18% 12.08% 7.98% 5.49% 1.18% 0.00%
Augmented Payout Ratio		 9.96% 10.86% 13.00% 13.72% 14.18% 12.08% 7.98% 5.49% 1.18% 0.00%

Frequently Asked Questions About Third Coast Bancshares' Financials

When does Third Coast Bancshares's financial year end?

According to the most recent income statement we have on file, Third Coast Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Third Coast Bancshares' net income changed over the last 2 years?

Third Coast Bancshares' net income appears to be on an upward trend, with a most recent value of $47.67 million in 2024, rising from $18.66 million in 2022. The previous period was $33.40 million in 2023. Check out Third Coast Bancshares' forecast to explore projected trends and price targets.

How has Third Coast Bancshares revenue changed over the last 2 years?

Over the last 2 years, Third Coast Bancshares' total revenue changed from $123.68 million in 2022 to $171.38 million in 2024, a change of 38.6%.

How much debt does Third Coast Bancshares have?

Third Coast Bancshares' total liabilities were at $4.48 billion at the end of 2024, a 12.5% increase from 2023, and a 32.2% increase since 2022.

How much cash does Third Coast Bancshares have?

In the past 2 years, Third Coast Bancshares' cash and equivalents has ranged from $296.93 million in 2023 to $371.16 million in 2024, and is currently $371.16 million as of their latest financial filing in 2024.

How has Third Coast Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Third Coast Bancshares' book value per share changed from 28.27 in 2022 to 33.68 in 2024, a change of 19.1%.


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This page (NASDAQ:TCBX) was last updated on 5/25/2025 by MarketBeat.com Staff
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