Third Coast Bancshares (TCBX) Financials

$46.07 +0.07 (+0.16%)

Closing price 08/14/2026 03:59 PM Eastern

Extended Trading

$46.12 +0.05 (+0.10%)

As of 08/14/2026 07:34 PM Eastern

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	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2.38	12	11	17	29	43	62
Consolidated Net Income / (Loss)	2.38	12	11	19	33	48	66
Net Income / (Loss) Continuing Operations	2.38	12	11	19	33	48	66
Total Pre-Tax Income	3.23	16	14	23	42	61	83
Total Revenue	35	71	95	124	148	171	209
Net Interest Income / (Expense)	34	68	91	116	140	161	195
Total Interest Income	50	82	101	154	267	328	354
Loans and Leases Interest Income	48	81	99	146	249	295	316
Investment Securities Interest Income	0.02	0.30	1.04	3.93	8.31	17	31
Federal Funds Sold and Securities Borrowed Interest Income	2.33	1.15	0.69	3.60	9.32	16	6.69
Total Interest Expense	16	14	10	37	127	168	159
Deposits Interest Expense	14	12	8.53	31	115	160	150
Long-Term Debt Interest Expense	2.19	2.06	1.54	6.80	12	7.85	8.49
Total Non-Interest Income	1.22	2.68	4.88	7.22	8.21	11	14
Other Service Charges	1.22	2.06	3.73	4.96	5.18	8.12	11
Net Realized & Unrealized Capital Gains on Investments	0.00	0.27	0.59	0.95	0.92	0.03	-0.54
Other Non-Interest Income	-	0.35	0.57	1.31	2.10	2.48	3.02
Provision for Credit Losses	1.63	7.55	9.92	12	6.32	5.70	7.59
Total Non-Interest Expense	30	47	71	88	100	104	119
Salaries and Employee Benefits	20	29	49	57	62	65	77
Net Occupancy & Equipment Expense	2.61	4.13	5.37	8.53	9.95	11	11
Marketing Expense	0.70	1.33	1.89	1.91	2.63	1.71	2.14
Property & Liability Insurance Claims	2.42	3.96	5.29	6.99	7.78	5.63	7.46
Other Operating Expenses	4.60	8.73	9.83	14	17	21	20
Income Tax Expense	0.85	3.50	3.06	4.51	8.21	14	16
Preferred Stock Dividends Declared	-	0.00	0.00	1.42	4.74	4.75	4.75
Basic Earnings per Share	$0.62	$1.94	$1.45	$1.28	$2.11	$3.14	$4.45
Weighted Average Basic Shares Outstanding	-	-	13.44M	13.58M	13.61M	13.79M	16.49M
Diluted Earnings per Share	$0.60	$1.91	$1.40	$1.25	$1.98	$2.78	$3.79
Weighted Average Diluted Shares Outstanding	-	-	13.44M	13.58M	13.61M	13.79M	16.49M
Weighted Average Basic & Diluted Shares Outstanding	-	-	13.44M	13.58M	13.61M	13.79M	16.49M

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	8.49	9.20	9.61	12	13	12	16	17	17	15	21
Consolidated Net Income / (Loss)	9.69	10	11	13	14	14	17	18	18	16	22
Net Income / (Loss) Continuing Operations	9.69	10	11	13	14	14	17	18	18	16	22
Total Pre-Tax Income	12	13	14	16	18	17	21	23	22	19	28
Total Revenue	39	40	42	43	46	46	52	54	56	58	68
Net Interest Income / (Expense)	37	38	39	40	43	43	49	51	52	54	60
Total Interest Income	77	79	81	83	86	81	89	93	92	97	106
Loans and Leases Interest Income	70	71	73	75	76	73	80	82	81	86	95
Investment Securities Interest Income	2.75	3.09	4.49	4.53	4.94	5.69	7.11	9.17	9.15	8.51	9.03
Federal Funds Sold and Securities Borrowed Interest Income	4.00	5.11	3.63	2.72	4.58	1.99	1.84	1.28	1.59	2.99	2.37
Total Interest Expense	40	41	42	42	42	38	39	42	40	44	46
Deposits Interest Expense	38	39	40	40	40	36	38	39	38	41	43
Long-Term Debt Interest Expense	2.07	2.10	1.96	1.93	1.87	1.74	1.75	2.62	2.37	2.26	2.33
Total Non-Interest Income	2.16	2.34	2.89	2.52	2.87	3.11	2.65	3.64	4.26	4.03	7.72
Other Service Charges	1.25	1.57	2.18	2.35	2.02	2.63	1.97	2.85	3.72	3.29	3.60
Net Realized & Unrealized Capital Gains on Investments	0.35	0.19	0.12	-0.48	0.20	-0.20	-0.07	0.00	-0.27	-0.01	3.37
Other Non-Interest Income	0.56	0.58	0.59	0.65	0.66	0.68	0.74	0.79	0.81	0.75	0.75
Provision for Credit Losses	1.10	1.56	1.90	1.09	1.16	0.45	2.13	2.76	2.25	0.58	2.07
Total Non-Interest Expense	26	26	26	26	27	28	29	29	33	38	38
Salaries and Employee Benefits	16	17	16	16	17	18	18	20	21	25	25
Net Occupancy & Equipment Expense	2.88	3.05	2.76	2.82	3.29	2.83	2.78	2.86	2.40	3.35	3.26
Marketing Expense	0.61	0.36	0.41	0.42	0.53	0.41	0.50	0.50	0.73	0.64	0.74
Property & Liability Insurance Claims	2.31	1.39	1.62	1.04	1.59	1.43	1.93	1.25	2.85	3.22	2.27
Other Operating Expenses	4.50	4.63	4.92	5.60	4.81	5.09	5.45	4.72	5.60	6.09	7.35
Income Tax Expense	2.29	2.58	3.42	3.49	4.19	3.76	4.30	4.77	3.62	2.63	5.51
Preferred Stock Dividends Declared	1.20	1.17	1.18	1.20	1.20	1.17	1.19	1.20	1.20	1.17	1.18
Basic Earnings per Share	$0.62	$0.68	$0.70	$0.85	$0.91	$0.90	$1.12	$1.22	$1.21	$1.03	$1.25
Weighted Average Basic Shares Outstanding	13.61M	13.65M	13.67M	13.68M	13.79M	13.83M	13.86M	13.89M	16.49M	16.59M	16.65M
Diluted Earnings per Share	$0.58	$0.61	$0.63	$0.74	$0.80	$0.78	$0.96	$1.03	$1.02	$0.88	$1.08
Weighted Average Diluted Shares Outstanding	13.61M	13.65M	13.67M	13.68M	13.79M	13.83M	13.86M	13.89M	16.49M	16.59M	16.65M
Weighted Average Basic & Diluted Shares Outstanding	13.61M	13.65M	13.67M	13.68M	13.79M	13.83M	13.86M	13.89M	16.49M	16.59M	16.65M

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	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-39	107	123	4.99	80	9.36	-240
Net Cash From Operating Activities	3.59	-3.65	4.58	22	39	35	51
Net Cash From Continuing Operating Activities	3.59	-3.65	4.58	22	39	35	51
Net Income / (Loss) Continuing Operations	2.38	12	11	19	33	48	66
Consolidated Net Income / (Loss)	2.38	12	11	19	33	48	66
Provision For Loan Losses	1.63	7.55	9.92	12	6.32	5.70	7.59
Depreciation Expense	0.87	0.08	-0.27	2.56	3.95	4.62	4.75
Amortization Expense	0.00	0.06	0.03	-2.49	-4.62	-8.74	-19
Non-Cash Adjustments to Reconcile Net Income	-0.41	-13	-18	-3.98	-5.17	-6.98	-0.38
Changes in Operating Assets and Liabilities, net	-0.88	-10	1.09	-5.15	5.19	-7.14	-8.30
Net Cash From Investing Activities	-122	-500	-500	-1,240	-530	-521	-610
Net Cash From Continuing Investing Activities	-122	-500	-500	-1,240	-530	-521	-610
Purchase of Investment Securities	-721	-2,400	-2,491	-3,226	-3,651	-4,602	-5,856
Sale and/or Maturity of Investments	601	1,903	1,999	2,005	3,122	4,081	5,246
Net Cash From Financing Activities	79	611	619	1,223	570	495	319
Net Cash From Continuing Financing Activities	79	611	619	1,223	570	495	319
Net Change in Deposits	73	567	508	1,095	567	507	316
Issuance of Common Equity	0.45	0.54	163	0.86	0.05	0.00	0.00
Repayment of Debt	-1.50	39	-20	-50	-	-	7.00
Payment of Dividends	-	0.00	0.00	-0.22	-4.74	-4.75	-4.75
Other Financing Activities, Net	0.30	0.39	1.01	0.67	-0.02	0.55	0.75
Cash Interest Paid	16	15	11	35	125	166	159
Cash Income Taxes Paid	0.99	2.66	6.23	7.07	-	-	23

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 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	125	86	-244	17	151	-92	-210	4.06	58	250	-20
Net Cash From Operating Activities	18	9.43	7.30	22	-3.63	10	14	21	5.74	-39	45
Net Cash From Continuing Operating Activities	18	9.43	7.30	22	-3.63	10	14	21	5.75	-39	45
Net Income / (Loss) Continuing Operations	9.69	10	11	13	14	14	17	18	18	16	22
Consolidated Net Income / (Loss)	9.69	10	11	13	14	14	17	18	18	16	22
Provision For Loan Losses	1.10	1.56	1.90	1.09	1.16	0.45	2.13	2.76	2.25	0.58	2.07
Depreciation Expense	3.90	1.08	-0.65	-1.00	6.56	1.20	1.17	1.19	1.19	1.58	1.71
Amortization Expense	-4.69	-1.54	-0.39	-0.17	-8.00	-2.53	-4.84	-3.55	-8.20	-3.54	-4.72
Non-Cash Adjustments to Reconcile Net Income	-1.70	-1.27	-1.67	0.00	-4.04	-0.01	-0.25	0.34	-0.45	-1.81	-21
Changes in Operating Assets and Liabilities, net	9.23	-0.77	-2.68	9.34	-13	-2.22	-1.08	1.94	-6.93	-52	45
Net Cash From Investing Activities	-50	-174	-48	-138	-160	-40	-256	-110	-205	26	-168
Net Cash From Continuing Investing Activities	-50	-174	-48	-138	-160	-40	-256	-110	-205	26	-168
Purchase of Investment Securities	-1,449	-182	-1,871	-755	-1,793	-64	-315	-5,189	-289	-114	-2,633
Sale and/or Maturity of Investments	1,402	7.86	1,822	625	1,626	24	62	5,086	73	76	2,465
Net Cash From Financing Activities	158	251	-203	133	314	-63	31	93	258	263	103
Net Cash From Continuing Financing Activities	158	251	-203	133	314	-63	31	93	258	263	103
Net Change in Deposits	156	248	-195	139	316	-62	32	92	254	244	140
Repayment of Debt	-	-	-	-	-	0.00	-	-	-	20	-38
Payment of Dividends	-1.18	-1.20	-1.17	-1.19	-1.20	-1.20	-1.17	-1.19	-1.20	-1.20	-1.17
Other Financing Activities, Net	-0.01	0.16	-	-0.08	0.47	0.48	0.14	0.13	-	0.22	0.76
Cash Interest Paid	39	42	41	41	43	37	40	41	41	42	47
Cash Income Taxes Paid	2.35	0.00	3.21	0.00	13	0.55	2.67	5.75	14	16	3.37

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	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,867	2,499	3,773	4,396	4,942	5,341
Cash and Due from Banks	201	327	330	297	371	175
Federal Funds Sold	2.29	0.29	2.15	115	50	6.03
Interest Bearing Deposits at Other Banks	0.13	0.13	-	0.00	0.36	0.27
Trading Account Securities	30	34	200	203	406	594
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	15	19	29	29	26	25
Goodwill	18	18	18	19	19	18
Intangible Assets	1.45	1.29	1.13	-	-	0.65
Other Assets	53	50	116	3,734	4,069	4,522
Total Liabilities & Shareholders' Equity	1,867	2,499	3,773	4,396	4,942	5,341
Total Liabilities	1,746	2,200	3,391	3,984	4,482	4,810
Non-Interest Bearing Deposits	327	531	486	460	602	495
Interest Bearing Deposits	1,306	1,610	2,750	3,344	3,708	4,132
Short-Term Debt	0.00	1.00	31	39	31	38
Accrued Interest Payable	1.22	0.44	2.55	4.79	6.28	5.96
Long-Term Debt	104	50	80	81	81	81
Other Long-Term Liabilities	7.96	7.77	41	57	53	58
Commitments & Contingencies	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	120	299	382	412	461	531
Total Preferred & Common Equity	120	299	382	412	461	531
Preferred Stock	-	0.00	0.07	0.07	0.07	0.07
Total Common Equity	120	299	382	412	461	531
Common Stock	98	263	332	333	336	338
Retained Earnings	25	36	53	79	122	183
Treasury Stock	-0.98	-1.10	-1.10	-1.10	-1.10	-1.10
Accumulated Other Comprehensive Income / (Loss)	0.28	1.39	-2.10	0.93	4.51	11

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026	6/30/2026
Total Assets	3,860	3,963	4,216	4,660	4,474	4,628	4,897	4,944	5,062	6,582	6,736
Cash and Due from Banks	309	245	142	368	242	258	219	113	116	425	404
Federal Funds Sold	1.79	23	144	130	12	12	110	5.82	6.63	6.13	6.73
Interest Bearing Deposits at Other Banks	-	-	-	-	0.35	0.35	0.36	0.26	0.27	0.27	0.27
Trading Account Securities	195	215	228	273	310	322	416	584	612	652	623
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	29	29	29	27	28	27	26	25	25	41	40
Goodwill	18	18	18	18	19	0.00	19	19	19	46	46
Intangible Assets	1.09	1.05	1.01	0.93	0.00	0.00	-	-	-	8.52	8.08
Other Assets	129	135	132	135	3,863	3,989	4,106	4,197	4,283	5,403	5,607
Total Liabilities & Shareholders' Equity	3,860	3,963	4,216	4,660	4,474	4,628	4,897	4,944	5,062	6,582	6,736
Total Liabilities	3,473	3,568	3,815	4,237	4,039	4,177	4,417	4,448	4,548	5,932	6,065
Non-Interest Bearing Deposits	517	529	500	424	464	490	449	441	450	577	643
Interest Bearing Deposits	2,806	2,879	3,147	3,627	3,391	3,505	3,800	3,840	3,923	5,138	5,213
Short-Term Debt	31	31	36	44	37	32	31	31	33	58	60
Accrued Interest Payable	1.64	3.52	4.32	3.93	5.67	7.28	7.04	6.69	7.15	7.21	5.87
Long-Term Debt	80	80	81	81	81	81	81	81	81	81	81
Other Long-Term Liabilities	37	44	48	58	60	63	50	48	54	70	62
Commitments & Contingencies	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	387	396	400	424	435	451	480	496	514	651	671
Total Preferred & Common Equity	387	396	400	424	435	451	480	496	514	651	671
Preferred Stock	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Total Common Equity	387	396	400	424	435	450	480	496	514	650	671
Common Stock	332	332	333	334	334	335	336	337	337	445	447
Retained Earnings	58	66	70	88	98	109	134	150	167	198	219
Treasury Stock	-1.10	-1.10	-1.10	-1.10	-1.10	-1.10	-1.10	-1.10	-1.10	-1.10	-1.10
Accumulated Other Comprehensive Income / (Loss)	-2.12	-1.37	-1.74	2.87	4.21	7.80	10	11	11	7.67	5.92

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

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	13,350,682.00	-	-	-	13,894,078.00
DEI Adjusted Shares Outstanding	0.00	0.00	13,350,682.00	-	-	-	13,894,078.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.86	-	-	-	4.77
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	100.65%	35.24%	29.60%	19.45%	16.01%	21.88%
EBITDA Growth	0.00%	283.72%	-9.53%	63.09%	76.21%	39.79%	19.48%
EBIT Growth	0.00%	382.83%	-7.22%	59.97%	79.61%	47.44%	34.87%
NOPAT Growth	0.00%	408.82%	-5.70%	63.33%	79.01%	42.72%	39.06%
Net Income Growth	0.00%	408.82%	-5.70%	63.33%	79.01%	42.72%	39.06%
EPS Growth	0.00%	218.33%	-26.70%	-10.71%	58.40%	40.40%	36.33%
Operating Cash Flow Growth	0.00%	-201.87%	225.45%	375.37%	79.32%	-10.08%	44.69%
Free Cash Flow Firm Growth	0.00%	0.00%	47.07%	-10.04%	95.98%	234.45%	-267.01%
Invested Capital Growth	0.00%	0.00%	55.15%	40.86%	7.79%	7.71%	13.54%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	6.21%	3.93%	4.15%	5.11%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-22.11%	3.48%	10.19%	-2.80%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	61.70%	6.79%	10.74%	4.54%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	62.43%	6.93%	9.27%	6.70%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	62.43%	6.93%	9.27%	6.70%
EPS Q/Q Growth	0.00%	0.00%	0.00%	119.30%	7.03%	8.59%	6.16%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-5.29%	27.44%	40.96%	-37.58%	22.58%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	98.97%	340.34%	-375.35%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%	2.84%	1.64%	3.55%
Profitability Metrics	-	-	-	-	-	-	-
EBITDA Margin	11.67%	22.32%	14.93%	18.79%	27.71%	33.40%	32.74%
EBIT Margin	9.19%	22.12%	15.18%	18.73%	28.17%	35.80%	39.62%
Profit (Net Income) Margin	6.77%	17.17%	11.97%	15.09%	22.61%	27.82%	31.74%
Tax Burden Percent	73.65%	77.61%	78.88%	80.54%	80.27%	77.70%	80.11%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	26.35%	22.39%	21.12%	19.46%	19.73%	22.30%	19.89%
Return on Invested Capital (ROIC)	0.00%	10.74%	3.97%	4.43%	6.52%	8.64%	10.85%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	10.74%	3.97%	4.43%	6.52%	8.64%	10.85%
Return on Net Nonoperating Assets (RNNOA)	0.00%	9.38%	1.48%	1.05%	1.89%	2.29%	2.52%
Return on Equity (ROE)	0.00%	20.12%	5.45%	5.48%	8.42%	10.93%	13.37%
Cash Return on Invested Capital (CROIC)	0.00%	-189.26%	-39.26%	-29.50%	-0.98%	1.22%	-1.84%
Operating Return on Assets (OROA)	0.00%	0.84%	0.66%	0.74%	1.02%	1.31%	1.61%
Return on Assets (ROA)	0.00%	0.65%	0.52%	0.59%	0.82%	1.02%	1.29%
Return on Common Equity (ROCE)	0.00%	20.12%	5.45%	5.48%	8.41%	10.92%	13.37%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.06%	3.82%	4.89%	8.11%	10.35%	12.48%
Net Operating Profit after Tax (NOPAT)	2.38	12	11	19	33	48	66
NOPAT Margin	6.77%	17.17%	11.97%	15.09%	22.61%	27.82%	31.74%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	66.24%	49.20%	58.57%	54.13%	51.53%	46.41%	43.40%
Operating Expenses to Revenue	86.19%	67.18%	74.43%	71.40%	67.55%	60.88%	56.75%
Earnings before Interest and Taxes (EBIT)	3.23	16	14	23	42	61	83
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.10	16	14	23	41	57	68
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.73	1.16	0.65	0.66	1.01	0.99
Price to Tangible Book Value (P/TBV)	0.00	0.87	1.24	0.69	0.69	1.05	1.03
Price to Revenue (P/Rev)	2.49	1.24	3.63	2.01	1.83	2.71	2.53
Price to Earnings (P/E)	36.75	7.22	30.36	14.43	9.43	10.82	8.58
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.72%	13.85%	3.29%	6.93%	10.60%	9.24%	11.65%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.20	0.06	0.00	0.27	0.72
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.74	0.23	0.00	0.90	2.23
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	4.96	1.21	0.00	2.70	6.81
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	4.88	1.21	0.00	2.52	5.63
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	6.19	1.51	0.00	3.24	7.02
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	15.42	1.29	0.00	4.40	9.16
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	23.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.86	0.17	0.29	0.29	0.24	0.22
Long-Term Debt to Equity	0.00	0.86	0.17	0.21	0.20	0.18	0.15
Financial Leverage	0.00	0.87	0.37	0.24	0.29	0.26	0.23
Leverage Ratio	0.00	15.51	10.41	9.21	10.29	10.70	10.37
Compound Leverage Factor	0.00	15.51	10.41	9.21	10.29	10.70	10.37
Debt to Total Capital	0.00%	46.31%	14.57%	22.56%	22.47%	19.50%	18.29%
Short-Term Debt to Total Capital	0.00%	0.00%	0.29%	6.26%	7.32%	5.39%	5.83%
Long-Term Debt to Total Capital	0.00%	46.31%	14.29%	16.30%	15.16%	14.11%	12.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	53.69%	85.43%	77.43%	77.51%	80.48%	81.70%
Debt to EBITDA	0.00	6.60	3.58	4.79	2.92	1.95	1.74
Net Debt to EBITDA	0.00	-6.34	-19.38	-9.50	-7.14	-5.42	-0.92
Long-Term Debt to EBITDA	0.00	6.60	3.51	3.46	1.97	1.41	1.18
Debt to NOPAT	0.00	8.57	4.46	5.96	3.58	2.34	1.79
Net Debt to NOPAT	0.00	-8.24	-24.17	-11.83	-8.75	-6.50	-0.95
Long-Term Debt to NOPAT	0.00	8.57	4.38	4.31	2.41	1.69	1.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.01%	0.02%	0.02%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-213	-113	-124	-5.00	6.72	-11
Operating Cash Flow to CapEx	106.41%	-239.61%	81.57%	200.60%	1,136.89%	1,989.58%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-14.87	-11.23	-3.32	-0.04	0.04	-0.07
Operating Cash Flow to Interest Expense	0.22	-0.25	0.46	0.58	0.31	0.21	0.32
Operating Cash Flow Less CapEx to Interest Expense	0.01	-0.36	-0.10	0.29	0.28	0.20	0.32
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	0.00	4.66	5.58	5.18	5.16	6.26	8.19
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	226	350	493	531	572	650
Invested Capital Turnover	0.00	0.63	0.33	0.29	0.29	0.31	0.34
Increase / (Decrease) in Invested Capital	0.00	226	124	143	38	41	78
Enterprise Value (EV)	0.00	-12	71	28	-22	155	466
Market Capitalization	88	88	347	249	270	464	528
Book Value per Share	$0.00	$34.40	$22.40	$28.27	$30.28	$33.68	$38.21
Tangible Book Value per Share	$0.00	$28.84	$20.95	$26.85	$28.88	$32.30	$36.87
Total Capital	0.00	224	350	493	531	572	650
Total Debt	0.00	104	51	111	119	112	119
Total Long-Term Debt	0.00	104	50	80	81	81	81
Net Debt	0.00	-100	-276	-221	-292	-310	-63
Capital Expenditures (CapEx)	3.37	1.53	5.62	11	3.44	1.77	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	0.00	105	51	111	119	112	119
Total Depreciation and Amortization (D&A)	0.87	0.14	-0.24	0.07	-0.67	-4.12	-14
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$1.45	$1.28	$2.11	$3.14	$4.45
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	13.44M	13.58M	13.61M	13.79M	16.49M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$1.40	$1.25	$1.98	$2.78	$3.79
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	13.44M	13.58M	13.61M	13.79M	16.49M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	13.44M	13.58M	13.61M	13.79M	16.49M
Normalized Net Operating Profit after Tax (NOPAT)	2.38	12	11	19	33	48	66
Normalized NOPAT Margin	6.77%	17.17%	11.97%	15.09%	22.61%	27.82%	31.74%
Pre Tax Income Margin	9.19%	22.12%	15.18%	18.73%	28.17%	35.80%	39.62%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.20	1.09	1.44	0.62	0.33	0.37	0.52
NOPAT to Interest Expense	0.15	0.84	1.14	0.50	0.26	0.28	0.42
EBIT Less CapEx to Interest Expense	-0.01	0.98	0.88	0.33	0.30	0.36	0.52
NOPAT Less CapEx to Interest Expense	-0.06	0.74	0.58	0.21	0.24	0.27	0.42
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	1.18%	14.18%	9.96%	7.17%
Augmented Payout Ratio	22.13%	0.31%	1.06%	1.18%	14.18%	9.96%	7.17%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	-	-	-	-	-	13,788,945.00	13,833,289.00	13,861,173.00	13,894,078.00	16,485,782.00	16,592,071.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	13,788,945.00	13,833,289.00	13,861,173.00	13,894,078.00	16,485,782.00	16,592,071.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	0.99	1.21	1.30	1.29	0.99	1.33
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.47%	16.38%	14.76%	15.53%	17.28%	13.56%	24.62%	27.00%	21.91%	25.65%	30.70%
EBITDA Growth	14.01%	4.95%	19.17%	121.86%	47.29%	28.32%	31.93%	35.64%	-11.96%	6.34%	40.85%
EBIT Growth	28.38%	12.71%	27.61%	132.00%	49.70%	33.97%	48.05%	40.39%	20.07%	9.51%	30.65%
NOPAT Growth	28.76%	12.16%	21.43%	129.02%	41.74%	31.08%	55.12%	41.35%	30.33%	20.45%	31.29%
Net Income Growth	28.76%	12.16%	21.43%	129.02%	41.74%	31.08%	55.12%	41.35%	30.33%	20.45%	31.29%
EPS Growth	28.89%	10.91%	18.87%	131.25%	37.93%	27.87%	52.38%	39.19%	27.50%	12.82%	12.50%
Operating Cash Flow Growth	183.81%	18.15%	-30.45%	618.83%	-120.68%	11.12%	90.05%	-5.84%	258.25%	-469.45%	223.97%
Free Cash Flow Firm Growth	78.81%	30.08%	48.70%	93.42%	5.20%	24.43%	-11.94%	-37.99%	-119.03%	-509.66%	-372.77%
Invested Capital Growth	7.79%	9.99%	8.92%	8.98%	7.71%	7.91%	10.01%	11.45%	13.54%	33.47%	33.62%
Revenue Q/Q Growth	6.34%	2.37%	3.28%	2.76%	7.95%	-0.88%	13.33%	4.73%	3.62%	2.16%	17.88%
EBITDA Q/Q Growth	64.51%	11.56%	5.56%	14.53%	9.22%	-2.82%	8.53%	17.75%	-29.11%	17.39%	43.76%
EBIT Q/Q Growth	70.84%	8.13%	9.80%	14.38%	10.23%	-3.23%	21.34%	8.46%	-5.73%	-11.74%	44.77%
NOPAT Q/Q Growth	73.70%	7.00%	4.14%	18.33%	7.50%	-1.05%	23.24%	7.82%	-0.88%	-8.55%	34.33%
Net Income Q/Q Growth	73.70%	7.00%	4.14%	18.33%	7.50%	-1.05%	23.24%	7.82%	-0.88%	-8.55%	34.33%
EPS Q/Q Growth	81.25%	5.17%	3.28%	17.46%	8.11%	-2.50%	23.08%	7.29%	-0.97%	-13.73%	22.73%
Operating Cash Flow Q/Q Growth	471.97%	-46.23%	-22.53%	201.68%	-116.46%	388.89%	32.50%	49.47%	-72.34%	-774.45%	216.19%
Free Cash Flow Firm Q/Q Growth	94.38%	-37.28%	12.56%	2.36%	19.11%	-9.43%	-29.52%	-20.36%	-28.40%	-204.59%	-0.44%
Invested Capital Q/Q Growth	2.84%	3.14%	0.81%	1.92%	1.64%	3.34%	2.77%	3.25%	3.55%	21.47%	2.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	28.34%	30.88%	31.56%	35.18%	35.59%	34.89%	33.42%	37.57%	25.70%	29.53%	36.01%
EBIT Margin	30.32%	32.03%	34.06%	37.90%	38.71%	37.79%	40.46%	41.90%	38.12%	32.93%	40.45%
Profit (Net Income) Margin	24.54%	25.65%	25.86%	29.78%	29.65%	29.60%	32.19%	33.14%	31.70%	28.38%	32.34%
Tax Burden Percent	80.92%	80.07%	75.94%	78.56%	76.61%	78.34%	79.57%	79.10%	83.16%	86.17%	79.95%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	19.08%	19.93%	24.06%	21.44%	23.39%	21.66%	20.43%	20.90%	16.84%	13.83%	20.05%
Return on Invested Capital (ROIC)	7.08%	7.52%	7.75%	9.08%	9.21%	9.19%	10.38%	11.06%	10.84%	9.07%	10.78%
ROIC Less NNEP Spread (ROIC-NNEP)	7.08%	7.52%	7.75%	9.08%	9.21%	9.19%	10.38%	11.06%	10.84%	9.07%	10.78%
Return on Net Nonoperating Assets (RNNOA)	2.06%	2.19%	2.13%	2.44%	2.44%	2.40%	2.56%	2.60%	2.52%	2.01%	2.34%
Return on Equity (ROE)	9.13%	9.71%	9.88%	11.52%	11.65%	11.59%	12.94%	13.66%	13.35%	11.08%	13.11%
Cash Return on Invested Capital (CROIC)	-0.98%	-2.92%	-1.67%	-0.52%	1.22%	1.32%	0.26%	-0.40%	-1.84%	-18.67%	-18.32%
Operating Return on Assets (OROA)	1.10%	1.15%	1.28%	1.41%	1.42%	1.40%	1.61%	1.72%	1.55%	1.27%	1.64%
Return on Assets (ROA)	0.89%	0.92%	0.97%	1.11%	1.09%	1.10%	1.28%	1.36%	1.29%	1.09%	1.31%
Return on Common Equity (ROCE)	9.13%	9.71%	9.88%	11.52%	11.65%	11.59%	12.94%	13.66%	13.35%	11.08%	13.11%
Return on Equity Simple (ROE_SIMPLE)	0.00%	8.15%	8.37%	9.68%	0.00%	10.61%	11.46%	12.09%	0.00%	10.62%	11.08%
Net Operating Profit after Tax (NOPAT)	9.69	10	11	13	14	14	17	18	18	16	22
NOPAT Margin	24.54%	25.65%	25.86%	29.78%	29.65%	29.60%	32.19%	33.14%	31.70%	28.38%	32.34%
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%	0.00%
SG&A Expenses to Revenue	49.66%	49.24%	46.64%	45.05%	44.99%	47.02%	41.26%	42.07%	42.93%	49.93%	42.36%
Operating Expenses to Revenue	66.89%	64.11%	61.39%	59.57%	58.80%	61.23%	55.45%	53.03%	57.90%	66.06%	56.51%
Earnings before Interest and Taxes (EBIT)	12	13	14	16	18	17	21	23	22	19	28
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	11	12	13	15	16	16	17	20	15	17	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.66	0.64	0.67	0.81	1.01	0.96	0.91	1.02	0.99	0.96	1.00
Price to Tangible Book Value (P/TBV)	0.69	0.67	0.70	0.81	1.05	1.00	0.95	1.06	1.03	1.05	1.09
Price to Revenue (P/Rev)	1.83	1.78	1.83	2.22	2.71	2.60	2.42	2.65	2.53	2.83	2.83
Price to Earnings (P/E)	9.43	9.14	9.16	9.41	10.82	9.97	8.68	9.17	8.58	9.70	9.64
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	10.60%	10.94%	10.91%	10.63%	9.24%	10.03%	11.53%	10.90%	11.65%	10.31%	10.38%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.28	0.37	0.27	0.41	0.73	0.82	0.72	0.42	0.49
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.97	1.26	0.90	1.37	2.38	2.60	2.23	1.50	1.69
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	3.52	4.00	2.70	3.99	6.84	7.35	6.81	4.77	5.24
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	3.33	3.75	2.52	3.68	6.12	6.53	5.63	3.92	4.41
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	4.22	4.76	3.24	4.76	7.82	8.32	7.02	4.79	5.39
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	4.12	3.69	4.40	6.69	10.40	12.46	9.16	199.18	12.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	23.00	32.20	292.26	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.29	0.29	0.27	0.25	0.24	0.23	0.23	0.22	0.22	0.21	0.21
Long-Term Debt to Equity	0.20	0.19	0.19	0.18	0.18	0.17	0.16	0.16	0.15	0.12	0.12
Financial Leverage	0.29	0.29	0.28	0.27	0.26	0.26	0.25	0.23	0.23	0.22	0.22
Leverage Ratio	10.29	10.51	10.15	10.39	10.70	10.58	10.11	10.05	10.37	10.16	10.01
Compound Leverage Factor	10.29	10.51	10.15	10.39	10.70	10.58	10.11	10.05	10.37	10.16	10.01
Debt to Total Capital	22.47%	22.71%	21.27%	19.99%	19.50%	18.88%	18.38%	18.13%	18.29%	17.59%	17.41%
Short-Term Debt to Total Capital	7.32%	8.01%	6.67%	5.66%	5.39%	5.22%	5.08%	5.24%	5.83%	7.33%	7.43%
Long-Term Debt to Total Capital	15.16%	14.71%	14.60%	14.33%	14.11%	13.66%	13.30%	12.89%	12.46%	10.26%	9.98%
Preferred Equity to Total Capital	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
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%	0.00%
Common Equity to Total Capital	77.51%	77.28%	78.72%	80.00%	80.48%	81.11%	81.61%	81.86%	81.70%	82.40%	82.58%
Debt to EBITDA	2.92	3.00	2.69	2.17	1.95	1.84	1.72	1.62	1.74	2.00	1.85
Net Debt to EBITDA	-7.14	-9.00	-3.13	-3.05	-5.42	-3.59	-0.12	-0.13	-0.92	-4.22	-3.53
Long-Term Debt to EBITDA	1.97	1.94	1.85	1.55	1.41	1.33	1.24	1.15	1.18	1.17	1.06
Debt to NOPAT	3.58	3.61	3.23	2.58	2.34	2.19	1.97	1.83	1.79	2.01	1.90
Net Debt to NOPAT	-8.75	-10.83	-3.75	-3.63	-6.50	-4.28	-0.13	-0.15	-0.95	-4.24	-3.63
Long-Term Debt to NOPAT	2.41	2.33	2.21	1.85	1.69	1.59	1.42	1.30	1.22	1.17	1.09
Noncontrolling Interest Sharing Ratio	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-29	-39	-34	-34	-27	-30	-39	-46	-60	-182	-182
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	-0.72	-0.97	-0.81	-0.79	-0.65	-0.78	-0.98	-1.11	-1.49	-4.15	-3.99
Operating Cash Flow to Interest Expense	0.44	0.23	0.17	0.52	-0.09	0.28	0.35	0.50	0.14	-0.88	0.98
Operating Cash Flow Less CapEx to Interest Expense	0.44	0.23	0.17	0.52	-0.09	0.28	0.35	0.50	0.14	-0.88	0.98
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	5.16	5.54	5.64	5.91	6.26	6.74	7.12	7.73	8.19	6.66	7.27
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	531	548	553	563	572	591	608	628	650	789	812
Invested Capital Turnover	0.29	0.29	0.30	0.30	0.31	0.31	0.32	0.33	0.34	0.32	0.33
Increase / (Decrease) in Invested Capital	38	50	45	46	41	43	55	64	78	198	204
Enterprise Value (EV)	-22	-101	154	208	155	242	445	517	466	331	401
Market Capitalization	270	272	290	366	464	460	452	526	528	624	670
Book Value per Share	$30.28	$31.13	$31.86	$32.97	$33.68	$34.79	$35.86	$37.06	$38.21	$39.46	$40.42
Tangible Book Value per Share	$28.88	$29.73	$30.47	$32.97	$32.30	$33.43	$34.50	$35.71	$36.87	$36.13	$37.16
Total Capital	531	548	553	563	572	591	608	628	650	789	812
Total Debt	119	124	118	113	112	112	112	114	119	139	141
Total Long-Term Debt	81	81	81	81	81	81	81	81	81	81	81
Net Debt	-292	-374	-137	-158	-310	-218	-7.48	-9.49	-63	-293	-270
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	119	124	118	113	112	112	112	114	119	139	141
Total Depreciation and Amortization (D&A)	-0.78	-0.47	-1.04	-1.17	-1.44	-1.33	-3.66	-2.36	-7.01	-1.96	-3.01
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.62	$0.68	$0.70	$0.85	$0.91	$0.90	$1.12	$1.22	$1.21	$1.03	$1.25
Adjusted Weighted Average Basic Shares Outstanding	13.61M	13.65M	13.67M	13.68M	13.79M	13.83M	13.86M	13.89M	16.49M	16.59M	16.65M
Adjusted Diluted Earnings per Share	$0.58	$0.61	$0.63	$0.74	$0.80	$0.78	$0.96	$1.03	$1.02	$0.88	$1.08
Adjusted Weighted Average Diluted Shares Outstanding	13.61M	13.65M	13.67M	13.68M	13.79M	13.83M	13.86M	13.89M	16.49M	16.59M	16.65M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.61M	13.65M	13.67M	13.68M	13.79M	13.83M	13.86M	13.89M	16.49M	16.59M	16.65M
Normalized Net Operating Profit after Tax (NOPAT)	9.69	10	11	13	14	14	17	18	18	16	22
Normalized NOPAT Margin	24.54%	25.65%	25.86%	29.78%	29.65%	29.60%	32.19%	33.14%	31.70%	28.38%	32.34%
Pre Tax Income Margin	30.32%	32.03%	34.06%	37.90%	38.71%	37.79%	40.46%	41.90%	38.12%	32.93%	40.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.30	0.32	0.34	0.38	0.43	0.46	0.54	0.55	0.54	0.43	0.60
NOPAT to Interest Expense	0.24	0.25	0.25	0.30	0.33	0.36	0.43	0.43	0.45	0.37	0.48
EBIT Less CapEx to Interest Expense	0.30	0.32	0.34	0.38	0.43	0.46	0.54	0.55	0.54	0.43	0.60
NOPAT Less CapEx to Interest Expense	0.24	0.25	0.25	0.30	0.33	0.36	0.43	0.43	0.45	0.37	0.48
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.18%	13.72%	13.00%	10.86%	9.96%	9.33%	8.35%	7.64%	7.17%	6.88%	6.39%
Augmented Payout Ratio	14.18%	13.72%	13.00%	10.86%	9.96%	9.33%	8.35%	7.64%	7.17%	6.88%	6.39%

Financials Breakdown Chart

Key Financial Trends

Third Coast Bancshares (NASDAQ: TCBX) showed a much larger balance sheet in Q1 2026, but profitability and cash flow were under pressure compared with recent quarters. The quarter was marked by a sharp increase in deposits and strong financing-driven liquidity, while operating cash flow stayed negative due to a large swing in operating assets and liabilities. Net income remained solid, but earnings were lower than the prior quarter and diluted by a higher tax burden and heavier expenses.

Deposits surged in Q1 2026, with net deposit growth of $244.0 million, helping fund the bank’s balance sheet and support liquidity.
Cash and equivalents increased sharply, rising to $425.2 million from $116.4 million in Q3 2025, giving the company a stronger liquidity cushion.
Total assets expanded significantly to $6.58 billion from $5.06 billion at Q3 2025 and $4.94 billion at Q2 2025, reflecting rapid balance sheet growth.
Net income stayed profitable at $16.4 million in Q1 2026, up from $13.6 million in Q1 2025.
Net interest income improved year over year to $53.6 million from $42.8 million in Q1 2025, showing better core earning power.
Pre-tax income also increased year over year to $19.0 million from $17.3 million in Q1 2025.
Loan-loss provisioning remained low at $580,000, suggesting credit costs were manageable in the quarter.
Revenue growth was modest versus late 2025, with Q1 2026 total revenue of $57.7 million compared with $56.5 million in Q4 2025.
Non-interest income stayed relatively small at $4.0 million, meaning TCBX still depends heavily on net interest income.
Shares outstanding were fairly stable quarter to quarter, limiting the impact of dilution in the near term.
Operating cash flow was deeply negative at $38.7 million in Q1 2026, down from positive $5.7 million in Q4 2025 and $20.7 million in Q3 2025.
Changes in operating assets and liabilities consumed $51.9 million in cash, which was the main reason operating cash flow weakened.
Investing cash flow was positive mainly because of asset sales and maturities, but the company still purchased $114.2 million of investment securities, showing ongoing portfolio activity rather than free cash generation.
Expense pressure remained elevated, with total non-interest expense at $38.1 million, up from $32.7 million in Q4 2025 and $28.1 million in Q1 2025.
Basic EPS fell sequentially to $1.03 from $1.21 in Q4 2025, even though it was still above the year-ago $0.90.
Cash interest paid stayed high at $42.5 million, reflecting a still-costly funding environment.

Longer-term trend: TCBX has grown materially since 2023, with assets, deposits, and equity all much larger today than they were two years ago. Earnings have generally trended higher over that period, but the bank’s quarterly results can be volatile because of deposit swings, security portfolio activity, and expense variability. Investors will likely want to watch whether the recent deposit growth translates into steadier operating cash flow and more consistent profitability.

08/15/26 07:48 PM ETAI Generated. May Contain Errors.

Third Coast Bancshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Third Coast Bancshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Third Coast Bancshares' net income appears to be on an upward trend, with a most recent value of $66.29 million in 2025, rising from $2.38 million in 2019. The previous period was $47.67 million in 2024. See Third Coast Bancshares' forecast for analyst expectations on what's next for the company.

Over the last 6 years, Third Coast Bancshares' total revenue changed from $35.17 million in 2019 to $208.87 million in 2025, a change of 493.9%.

Third Coast Bancshares' total liabilities were at $4.81 billion at the end of 2025, a 7.3% increase from 2024, and a 175.5% increase since 2020.

In the past 5 years, Third Coast Bancshares' cash and equivalents has ranged from $175.20 million in 2025 to $371.16 million in 2024, and is currently $175.20 million as of their latest financial filing in 2025.

Over the last 6 years, Third Coast Bancshares' book value per share changed from 0.00 in 2019 to 38.21 in 2025, a change of 3,821.5%.

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Financial statements for NASDAQ:TCBX last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Third Coast Bancshares (TCBX) Financials

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Third Coast Bancshares (TCBX) Financials

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When does Third Coast Bancshares' fiscal year end?

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How has Third Coast Bancshares' book value per share changed over the last 6 years?

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