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Third Coast Bancshares (TCBX) Financials

Third Coast Bancshares logo
$40.10 +0.11 (+0.26%)
Closing price 07/2/2026 03:59 PM Eastern
Extended Trading
$39.95 -0.15 (-0.39%)
As of 04:08 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 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

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 4.39 8.49 9.20 9.61 12 13 12 16 17 17 15
Consolidated Net Income / (Loss)		 5.58 9.69 10 11 13 14 14 17 18 18 16
Net Income / (Loss) Continuing Operations		 5.58 9.69 10 11 13 14 14 17 18 18 16
Total Pre-Tax Income 		7.01 12 13 14 16 18 17 21 23 22 19
Total Revenue		 37 39 40 42 43 46 46 52 54 56 58
Net Interest Income / (Expense)		 35 37 38 39 40 43 43 49 51 52 54
Total Interest Income		 69 77 79 81 83 86 81 89 93 92 97
Loans and Leases Interest Income		 65 70 71 73 75 76 73 80 82 81 86
Investment Securities Interest Income		 1.99 2.75 3.09 4.49 4.53 4.94 5.69 7.11 9.17 9.15 8.51
Federal Funds Sold and Securities Borrowed Interest Income		 2.02 4.00 5.11 3.63 2.72 4.58 1.99 1.84 1.28 1.59 2.99
Total Interest Expense		 34 40 41 42 42 42 38 39 42 40 44
Deposits Interest Expense		 30 38 39 40 40 40 36 38 39 38 41
Long-Term Debt Interest Expense		 3.77 2.07 2.10 1.96 1.93 1.87 1.74 1.75 2.62 2.37 2.26
Total Non-Interest Income		 1.87 2.16 2.34 2.89 2.52 2.87 3.11 2.65 3.64 4.26 4.03
Other Service Charges		 0.85 1.25 1.57 2.18 2.35 2.02 2.63 1.97 2.85 3.72 3.29
Net Realized & Unrealized Capital Gains on Investments		 0.48 0.35 0.19 0.12 -0.48 0.20 -0.20 -0.07 0.00 -0.27 -0.01
Other Non-Interest Income		 0.54 0.56 0.58 0.59 0.65 0.66 0.68 0.74 0.79 0.81 0.75
Provision for Credit Losses		 2.62 1.10 1.56 1.90 1.09 1.16 0.45 2.13 2.76 2.25 0.58
Total Non-Interest Expense		 28 26 26 26 26 27 28 29 29 33 38
Salaries and Employee Benefits		 17 16 17 16 16 17 18 18 20 21 25
Net Occupancy & Equipment Expense		 2.93 2.88 3.05 2.76 2.82 3.29 2.83 2.78 2.86 2.40 3.35
Marketing Expense		 0.52 0.61 0.36 0.41 0.42 0.53 0.41 0.50 0.50 0.73 0.64
Property & Liability Insurance Claims		 2.00 2.31 1.39 1.62 1.04 1.59 1.43 1.93 1.25 2.85 3.22
Other Operating Expenses		 4.71 4.50 4.63 4.92 5.60 4.81 5.09 5.45 4.72 5.60 6.09
Income Tax Expense		 1.43 2.29 2.58 3.42 3.49 4.19 3.76 4.30 4.77 3.62 2.63
Preferred Stock Dividends Declared		 1.18 1.20 1.17 1.18 1.20 1.20 1.17 1.19 1.20 1.20 1.17
Basic Earnings per Share		 $0.32 $0.62 $0.68 $0.70 $0.85 $0.91 $0.90 $1.12 $1.22 $1.21 $1.03
Weighted Average Basic Shares Outstanding		 13.60M 13.61M 13.65M 13.67M 13.68M 13.79M 13.83M 13.86M 13.89M 16.49M 16.59M
Diluted Earnings per Share		 $0.32 $0.58 $0.61 $0.63 $0.74 $0.80 $0.78 $0.96 $1.03 $1.02 $0.88
Weighted Average Diluted Shares Outstanding		 13.60M 13.61M 13.65M 13.67M 13.68M 13.79M 13.83M 13.86M 13.89M 16.49M 16.59M
Weighted Average Basic & Diluted Shares Outstanding		 13.60M 13.61M 13.65M 13.67M 13.68M 13.79M 13.83M 13.86M 13.89M 16.49M 16.59M

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 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

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
Net Change in Cash & Equivalents		 19 125 86 -244 17 151 -92 -210 4.06 58 250
Net Cash From Operating Activities		 3.07 18 9.43 7.30 22 -3.63 10 14 21 5.74 -39
Net Cash From Continuing Operating Activities		 3.07 18 9.43 7.30 22 -3.63 10 14 21 5.75 -39
Net Income / (Loss) Continuing Operations		 5.58 9.69 10 11 13 14 14 17 18 18 16
Consolidated Net Income / (Loss)		 5.58 9.69 10 11 13 14 14 17 18 18 16
Provision For Loan Losses		 2.62 1.10 1.56 1.90 1.09 1.16 0.45 2.13 2.76 2.25 0.58
Depreciation Expense		 -0.25 3.90 1.08 -0.65 -1.00 6.56 1.20 1.17 1.19 1.19 1.58
Amortization Expense		 0.05 -4.69 -1.54 -0.39 -0.17 -8.00 -2.53 -4.84 -3.55 -8.20 -3.54
Non-Cash Adjustments to Reconcile Net Income		 -1.61 -1.70 -1.27 -1.67 0.00 -4.04 -0.01 -0.25 0.34 -0.45 -1.81
Changes in Operating Assets and Liabilities, net		 -3.32 9.23 -0.77 -2.68 9.34 -13 -2.22 -1.08 1.94 -6.93 -52
Net Cash From Investing Activities		 -227 -50 -174 -48 -138 -160 -40 -256 -110 -205 26
Net Cash From Continuing Investing Activities		 -227 -50 -174 -48 -138 -160 -40 -256 -110 -205 26
Purchase of Investment Securities		 -242 -1,449 -182 -1,871 -755 -1,793 -64 -315 -5,189 -289 -114
Divestitures		 - - - - - - 0.00 - - - 64
Sale and/or Maturity of Investments		 10 1,402 7.86 1,822 625 1,626 24 62 5,086 73 76
Net Cash From Financing Activities		 242 158 251 -203 133 314 -63 31 93 258 263
Net Cash From Continuing Financing Activities		 242 158 251 -203 133 314 -63 31 93 258 263
Net Change in Deposits		 239 156 248 -195 139 316 -62 32 92 254 244
Repayment of Debt		 - - - - - - 0.00 - - - 20
Payment of Dividends		 -1.18 -1.18 -1.20 -1.17 -1.19 -1.20 -1.20 -1.17 -1.19 -1.20 -1.20
Other Financing Activities, Net		 -0.01 -0.01 0.16 - -0.08 0.47 0.48 0.14 0.13 - 0.22
Cash Interest Paid		 33 39 42 41 41 43 37 40 41 41 42
Cash Income Taxes Paid		 2.34 2.35 0.00 3.21 0.00 13 0.55 2.67 5.75 14 16

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 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

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

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 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%

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
DEI Shares Outstanding		 - - - - - - 13,788,945.00 13,833,289.00 13,861,173.00 13,894,078.00 16,485,782.00
DEI Adjusted Shares Outstanding		 - - - - - - 13,788,945.00 13,833,289.00 13,861,173.00 13,894,078.00 16,485,782.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - 0.99 1.21 1.30 1.29 0.99
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 9.56% 16.47% 16.38% 14.76% 15.53% 17.28% 13.56% 24.62% 27.00% 21.91% 25.65%
EBITDA Growth		 -12.40% 14.01% 4.95% 19.17% 121.86% 47.29% 28.32% 31.93% 35.64% -11.96% 6.34%
EBIT Growth		 -15.20% 28.38% 12.71% 27.61% 132.00% 49.70% 33.97% 48.05% 40.39% 20.07% 9.51%
NOPAT Growth		 -17.61% 28.76% 12.16% 21.43% 129.02% 41.74% 31.08% 55.12% 41.35% 30.33% 20.45%
Net Income Growth		 -17.61% 28.76% 12.16% 21.43% 129.02% 41.74% 31.08% 55.12% 41.35% 30.33% 20.45%
EPS Growth		 -34.69% 28.89% 10.91% 18.87% 131.25% 37.93% 27.87% 52.38% 39.19% 27.50% 12.82%
Operating Cash Flow Growth		 -71.01% 183.81% 18.15% -30.45% 618.83% -120.68% 11.12% 90.05% -5.84% 258.25% -469.45%
Free Cash Flow Firm Growth		 -293.45% 78.81% 30.08% 48.70% 93.42% 5.20% 24.43% -11.94% -37.99% -119.03% -509.66%
Invested Capital Growth		 0.00% 7.79% 9.99% 8.92% 8.98% 7.71% 7.91% 10.01% 11.45% 13.54% 33.47%
Revenue Q/Q Growth		 2.08% 6.34% 2.37% 3.28% 2.76% 7.95% -0.88% 13.33% 4.73% 3.62% 2.16%
EBITDA Q/Q Growth		 -38.48% 64.51% 11.56% 5.56% 14.53% 9.22% -2.82% 8.53% 17.75% -29.11% 17.39%
EBIT Q/Q Growth		 -37.09% 70.84% 8.13% 9.80% 14.38% 10.23% -3.23% 21.34% 8.46% -5.73% -11.74%
NOPAT Q/Q Growth		 -37.26% 73.70% 7.00% 4.14% 18.33% 7.50% -1.05% 23.24% 7.82% -0.88% -8.55%
Net Income Q/Q Growth		 -37.26% 73.70% 7.00% 4.14% 18.33% 7.50% -1.05% 23.24% 7.82% -0.88% -8.55%
EPS Q/Q Growth		 -39.62% 81.25% 5.17% 3.28% 17.46% 8.11% -2.50% 23.08% 7.29% -0.97% -13.73%
Operating Cash Flow Q/Q Growth		 -70.81% 471.97% -46.23% -22.53% 201.68% -116.46% 388.89% 32.50% 49.47% -72.34% -774.45%
Free Cash Flow Firm Q/Q Growth		 -660.94% 94.38% -37.28% 12.56% 2.36% 19.11% -9.43% -29.52% -20.36% -28.40% -204.59%
Invested Capital Q/Q Growth		 1.86% 2.84% 3.14% 0.81% 1.92% 1.64% 3.34% 2.77% 3.25% 3.55% 21.47%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 18.32% 28.34% 30.88% 31.56% 35.18% 35.59% 34.89% 33.42% 37.57% 25.70% 29.53%
EBIT Margin		 18.87% 30.32% 32.03% 34.06% 37.90% 38.71% 37.79% 40.46% 41.90% 38.12% 32.93%
Profit (Net Income) Margin		 15.02% 24.54% 25.65% 25.86% 29.78% 29.65% 29.60% 32.19% 33.14% 31.70% 28.38%
Tax Burden Percent		 79.58% 80.92% 80.07% 75.94% 78.56% 76.61% 78.34% 79.57% 79.10% 83.16% 86.17%
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		 20.42% 19.08% 19.93% 24.06% 21.44% 23.39% 21.66% 20.43% 20.90% 16.84% 13.83%
Return on Invested Capital (ROIC)		 8.26% 7.08% 7.52% 7.75% 9.08% 9.21% 9.19% 10.38% 11.06% 10.84% 9.07%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.26% 7.08% 7.52% 7.75% 9.08% 9.21% 9.19% 10.38% 11.06% 10.84% 9.07%
Return on Net Nonoperating Assets (RNNOA)		 2.40% 2.06% 2.19% 2.13% 2.44% 2.44% 2.40% 2.56% 2.60% 2.52% 2.01%
Return on Equity (ROE)		 10.67% 9.13% 9.71% 9.88% 11.52% 11.65% 11.59% 12.94% 13.66% 13.35% 11.08%
Cash Return on Invested Capital (CROIC)		 -187.91% -0.98% -2.92% -1.67% -0.52% 1.22% 1.32% 0.26% -0.40% -1.84% -18.67%
Operating Return on Assets (OROA)		 0.64% 1.10% 1.15% 1.28% 1.41% 1.42% 1.40% 1.61% 1.72% 1.55% 1.27%
Return on Assets (ROA)		 0.51% 0.89% 0.92% 0.97% 1.11% 1.09% 1.10% 1.28% 1.36% 1.29% 1.09%
Return on Common Equity (ROCE)		 10.67% 9.13% 9.71% 9.88% 11.52% 11.65% 11.59% 12.94% 13.66% 13.35% 11.08%
Return on Equity Simple (ROE_SIMPLE)		 7.80% 0.00% 8.15% 8.37% 9.68% 0.00% 10.61% 11.46% 12.09% 0.00% 10.62%
Net Operating Profit after Tax (NOPAT)		 5.58 9.69 10 11 13 14 14 17 18 18 16
NOPAT Margin		 15.02% 24.54% 25.65% 25.86% 29.78% 29.65% 29.60% 32.19% 33.14% 31.70% 28.38%
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		 55.99% 49.66% 49.24% 46.64% 45.05% 44.99% 47.02% 41.26% 42.07% 42.93% 49.93%
Operating Expenses to Revenue		 74.07% 66.89% 64.11% 61.39% 59.57% 58.80% 61.23% 55.45% 53.03% 57.90% 66.06%
Earnings before Interest and Taxes (EBIT)		 7.01 12 13 14 16 18 17 21 23 22 19
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 6.80 11 12 13 15 16 16 17 20 15 17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.58 0.66 0.64 0.67 0.81 1.01 0.96 0.91 1.02 0.99 0.96
Price to Tangible Book Value (P/TBV)		 0.61 0.69 0.67 0.70 0.81 1.05 1.00 0.95 1.06 1.03 1.05
Price to Revenue (P/Rev)		 1.64 1.83 1.78 1.83 2.22 2.71 2.60 2.42 2.65 2.53 2.83
Price to Earnings (P/E)		 8.85 9.43 9.14 9.16 9.41 10.82 9.97 8.68 9.17 8.58 9.70
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		 11.29% 10.60% 10.94% 10.91% 10.63% 9.24% 10.03% 11.53% 10.90% 11.65% 10.31%
Enterprise Value to Invested Capital (EV/IC)		 0.12 0.00 0.00 0.28 0.37 0.27 0.41 0.73 0.82 0.72 0.42
Enterprise Value to Revenue (EV/Rev)		 0.44 0.00 0.00 0.97 1.26 0.90 1.37 2.38 2.60 2.23 1.50
Enterprise Value to EBITDA (EV/EBITDA)		 1.58 0.00 0.00 3.52 4.00 2.70 3.99 6.84 7.35 6.81 4.77
Enterprise Value to EBIT (EV/EBIT)		 1.61 0.00 0.00 3.33 3.75 2.52 3.68 6.12 6.53 5.63 3.92
Enterprise Value to NOPAT (EV/NOPAT)		 2.00 0.00 0.00 4.22 4.76 3.24 4.76 7.82 8.32 7.02 4.79
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.26 0.00 0.00 4.12 3.69 4.40 6.69 10.40 12.46 9.16 199.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 23.00 32.20 292.26 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.29 0.29 0.29 0.27 0.25 0.24 0.23 0.23 0.22 0.22 0.21
Long-Term Debt to Equity		 0.20 0.20 0.19 0.19 0.18 0.18 0.17 0.16 0.16 0.15 0.12
Financial Leverage		 0.29 0.29 0.29 0.28 0.27 0.26 0.26 0.25 0.23 0.23 0.22
Leverage Ratio		 10.53 10.29 10.51 10.15 10.39 10.70 10.58 10.11 10.05 10.37 10.16
Compound Leverage Factor		 10.53 10.29 10.51 10.15 10.39 10.70 10.58 10.11 10.05 10.37 10.16
Debt to Total Capital		 22.52% 22.47% 22.71% 21.27% 19.99% 19.50% 18.88% 18.38% 18.13% 18.29% 17.59%
Short-Term Debt to Total Capital		 6.94% 7.32% 8.01% 6.67% 5.66% 5.39% 5.22% 5.08% 5.24% 5.83% 7.33%
Long-Term Debt to Total Capital		 15.58% 15.16% 14.71% 14.60% 14.33% 14.11% 13.66% 13.30% 12.89% 12.46% 10.26%
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		 77.46% 77.51% 77.28% 78.72% 80.00% 80.48% 81.11% 81.61% 81.86% 81.70% 82.40%
Debt to EBITDA		 2.94 2.92 3.00 2.69 2.17 1.95 1.84 1.72 1.62 1.74 2.00
Net Debt to EBITDA		 -4.30 -7.14 -9.00 -3.13 -3.05 -5.42 -3.59 -0.12 -0.13 -0.92 -4.22
Long-Term Debt to EBITDA		 2.03 1.97 1.94 1.85 1.55 1.41 1.33 1.24 1.15 1.18 1.17
Debt to NOPAT		 3.73 3.58 3.61 3.23 2.58 2.34 2.19 1.97 1.83 1.79 2.01
Net Debt to NOPAT		 -5.45 -8.75 -10.83 -3.75 -3.63 -6.50 -4.28 -0.13 -0.15 -0.95 -4.24
Long-Term Debt to NOPAT		 2.58 2.41 2.33 2.21 1.85 1.69 1.59 1.42 1.30 1.22 1.17
Noncontrolling Interest Sharing Ratio		 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.02% 0.01% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -511 -29 -39 -34 -34 -27 -30 -39 -46 -60 -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		 -14.98 -0.72 -0.97 -0.81 -0.79 -0.65 -0.78 -0.98 -1.11 -1.49 -4.15
Operating Cash Flow to Interest Expense		 0.09 0.44 0.23 0.17 0.52 -0.09 0.28 0.35 0.50 0.14 -0.88
Operating Cash Flow Less CapEx to Interest Expense		 0.09 0.44 0.23 0.17 0.52 -0.09 0.28 0.35 0.50 0.14 -0.88
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
Fixed Asset Turnover		 4.90 5.16 5.54 5.64 5.91 6.26 6.74 7.12 7.73 8.19 6.66
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 517 531 548 553 563 572 591 608 628 650 789
Invested Capital Turnover		 0.55 0.29 0.29 0.30 0.30 0.31 0.31 0.32 0.33 0.34 0.32
Increase / (Decrease) in Invested Capital		 517 38 50 45 46 41 43 55 64 78 198
Enterprise Value (EV)		 63 -22 -101 154 208 155 242 445 517 466 331
Market Capitalization		 233 270 272 290 366 464 460 452 526 528 624
Book Value per Share		 $29.42 $30.28 $31.13 $31.86 $32.97 $33.68 $34.79 $35.86 $37.06 $38.21 $39.46
Tangible Book Value per Share		 $28.02 $28.88 $29.73 $30.47 $32.97 $32.30 $33.43 $34.50 $35.71 $36.87 $36.13
Total Capital		 517 531 548 553 563 572 591 608 628 650 789
Total Debt		 116 119 124 118 113 112 112 112 114 119 139
Total Long-Term Debt		 81 81 81 81 81 81 81 81 81 81 81
Net Debt		 -170 -292 -374 -137 -158 -310 -218 -7.48 -9.49 -63 -293
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)		 116 119 124 118 113 112 112 112 114 119 139
Total Depreciation and Amortization (D&A)		 -0.21 -0.78 -0.47 -1.04 -1.17 -1.44 -1.33 -3.66 -2.36 -7.01 -1.96
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.32 $0.62 $0.68 $0.70 $0.85 $0.91 $0.90 $1.12 $1.22 $1.21 $1.03
Adjusted Weighted Average Basic Shares Outstanding		 13.60M 13.61M 13.65M 13.67M 13.68M 13.79M 13.83M 13.86M 13.89M 16.49M 16.59M
Adjusted Diluted Earnings per Share		 $0.32 $0.58 $0.61 $0.63 $0.74 $0.80 $0.78 $0.96 $1.03 $1.02 $0.88
Adjusted Weighted Average Diluted Shares Outstanding		 13.60M 13.61M 13.65M 13.67M 13.68M 13.79M 13.83M 13.86M 13.89M 16.49M 16.59M
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		 13.60M 13.61M 13.65M 13.67M 13.68M 13.79M 13.83M 13.86M 13.89M 16.49M 16.59M
Normalized Net Operating Profit after Tax (NOPAT)		 5.58 9.69 10 11 13 14 14 17 18 18 16
Normalized NOPAT Margin		 15.02% 24.54% 25.65% 25.86% 29.78% 29.65% 29.60% 32.19% 33.14% 31.70% 28.38%
Pre Tax Income Margin		 18.87% 30.32% 32.03% 34.06% 37.90% 38.71% 37.79% 40.46% 41.90% 38.12% 32.93%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.21 0.30 0.32 0.34 0.38 0.43 0.46 0.54 0.55 0.54 0.43
NOPAT to Interest Expense		 0.16 0.24 0.25 0.25 0.30 0.33 0.36 0.43 0.43 0.45 0.37
EBIT Less CapEx to Interest Expense		 0.21 0.30 0.32 0.34 0.38 0.43 0.46 0.54 0.55 0.54 0.43
NOPAT Less CapEx to Interest Expense		 0.16 0.24 0.25 0.25 0.30 0.33 0.36 0.43 0.43 0.45 0.37
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 12.08% 14.18% 13.72% 13.00% 10.86% 9.96% 9.33% 8.35% 7.64% 7.17% 6.88%
Augmented Payout Ratio		 12.08% 14.18% 13.72% 13.00% 10.86% 9.96% 9.33% 8.35% 7.64% 7.17% 6.88%

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.

07/06/26 08:02 AM 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' fiscal year ends in December. Their fiscal 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. Check out Third Coast Bancshares' forecast to explore projected trends and price targets.

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 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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