NYSE : TCBX
Third Coast Bancshares, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 39.89 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 664.73M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 356.44M | 316.21M | 295.26M | 248.91M | 146.43M | 98.89M |
| Interest Income on Investments | 45.76M | 37.81M | 33.10M | 17.63M | 7.52M | 1.73M |
| Total Interest Income | 402.20M | 354.03M | 328.36M | 266.54M | 153.95M | 100.61M |
| Interest Paid on Deposits | 167.11M | 150.32M | 159.75M | 115.04M | 30.70M | 8.53M |
| Interest Paid on Borrowings | 9.43M | 8.49M | 7.85M | 11.97M | 6.80M | 1.54M |
| Total Interest Expense | 176.54M | 158.81M | 167.60M | 127.02M | 37.49M | 10.06M |
| Net Interest Income | 225.66M | 195.22M | 160.76M | 139.53M | 116.45M | 90.55M |
| Gain (Loss) on Sale of Investments | -376.00K | -610.00K | -4.00K | 482.00K | ||
| Other Non-Interest Income | 19.25M | 14.19M | 10.60M | 7.28M | 6.27M | 4.29M |
| Total Non-Interest Income | 22.33M | 13.65M | 10.62M | 8.21M | 7.22M | 4.88M |
| Revenues Before Loan Losses | 248.00M | 208.87M | 171.38M | 147.73M | 123.68M | 95.43M |
| Provision for Loan Losses | 5.43M | 7.59M | 5.70M | 6.32M | 12.20M | 9.92M |
| Revenue | 242.56M | 201.28M | 165.68M | 141.41M | 111.48M | 85.51M |
| Salaries and Employee Benefits | 91.51M | 73.00M | 61.17M | 58.77M | 53.84M | 47.05M |
| Occupancy Expenses | 8.13M | 6.58M | 6.40M | 5.52M | 5.12M | 3.76M |
| Selling, General & Administrative | 31.32M | 23.66M | 21.82M | 23.54M | 19.43M | 14.04M |
| Other Non-Interest Expense | 17.21M | 14.16M | 14.04M | 11.30M | 8.94M | 3.87M |
| Total Non-Interest Expense | 150.78M | 118.54M | 104.33M | 99.80M | 88.31M | 71.03M |
| EBT Excluding Unusual Items | 91.78M | 82.75M | 61.35M | 41.61M | 23.17M | 14.48M |
| Pretax Income | 91.78M | 82.75M | 61.35M | 41.61M | 23.17M | 14.48M |
| Income Tax Expense | 16.53M | 16.45M | 13.68M | 8.21M | 4.51M | 3.06M |
| Net Income | 75.26M | 66.29M | 47.67M | 33.40M | 18.66M | 11.42M |
| Preferred Dividends & Other Adjustments | 4.75M | 4.75M | 4.75M | 4.74M | 1.42M | |
| Net Income to Common | 70.51M | 61.54M | 42.92M | 28.66M | 17.24M | 11.42M |
| Basic Shares Outstanding | 15.49M | 13.84M | 13.66M | 13.58M | 13.47M | 7.87M |
| Diluted Shares Outstanding | 19.23M | 17.48M | 17.13M | 16.88M | 13.75M | 8.14M |
| EPS (Basic) | 4.55 | 4.45 | 3.14 | 2.11 | 1.28 | 1.45 |
| EPS (Diluted) | 3.91 | 3.79 | 2.78 | 1.98 | 1.25 | 1.40 |
| Effective Tax Rate | 18.01% | 19.89% | 22.30% | 19.73% | 19.46% | 21.12% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 365.81M | 181.23M | 421.20M | 411.85M | 332.01M | 327.02M |
| Investment Securities | 678.58M | 367.98M | 161.76M | 115.59M | 167.80M | 33.28M |
| Trading Asset Securities | 5.31M | 2.54M | 6.48M | 8.83M | 9.21M | 389.00K |
| Mortgage-Backed Securities | 223.91M | 238.60M | 78.53M | 22.88M | 811.00K | |
| Total Investments | 683.89M | 594.43M | 406.84M | 202.96M | 199.90M | 34.48M |
| Gross Loans | 5.49B | 4.42B | 3.98B | 3.64B | 3.11B | 2.07B |
| Allowance for Loan Losses | -54.42M | -43.95M | -40.30M | -37.02M | -30.35M | -19.30M |
| Other Adjustments to Gross Loans | -22.00M | -16.60M | ||||
| Net Loans | 5.44B | 4.35B | 3.93B | 3.60B | 3.08B | 2.05B |
| Property, Plant & Equipment | 57.48M | 41.85M | 46.09M | 49.99M | 46.53M | 19.05M |
| Goodwill | 46.08M | 18.03M | 18.03M | |||
| Other Intangible Assets | 7.66M | 18.68M | 18.84M | 19.00M | 1.13M | 1.29M |
| Accrued Interest Receivable | 32.08M | 29.24M | 25.82M | 23.12M | 18.34M | 10.23M |
| Long-Term Deferred Tax Assets | 26.64M | 6.45M | 11.45M | 9.23M | 6.30M | 4.12M |
| Other Real Estate Owned & Foreclosed | 27.00M | 8.39M | 862.00K | 1.68M | ||
| Other Long-Term Assets | 119.89M | 109.68M | 85.22M | 78.16M | 73.69M | 34.08M |
| Total Assets | 6.81B | 5.34B | 4.94B | 4.40B | 3.77B | 2.50B |
| Interest Bearing Deposits | 5.20B | 3.58B | 3.33B | 3.03B | 2.61B | 1.50B |
| Institutional Deposits | 548.90M | 378.50M | 315.40M | 135.50M | 113.20M | |
| Non-Interest Bearing Deposits | 721.19M | 495.00M | 602.08M | 459.55M | 486.11M | 531.40M |
| Total Deposits | 5.92B | 4.63B | 4.31B | 3.80B | 3.24B | 2.14B |
| Short-Term Borrowings | 10.37M | 3.14M | 8.66M | 10.69M | 9.22M | 389.00K |
| Current Portion of Long-Term Debt | 37.88M | |||||
| Current Portion of Leases | 3.35M | |||||
| Accrued Interest Payable | 6.91M | 5.96M | 6.28M | 4.79M | 2.54M | 437.00K |
| Long-Term Debt | 143.50M | 80.97M | 111.63M | 119.43M | 111.22M | 1.00M |
| Federal Home Loan Bank Debt, Long-Term | 50.00M | |||||
| Long-Term Leases | 17.89M | 14.78M | 20.90M | 22.28M | 18.21M | |
| Other Long-Term Liabilities | 27.26M | 36.77M | 23.75M | 23.76M | 14.02M | 7.38M |
| Total Liabilities | 6.13B | 4.81B | 4.48B | 3.98B | 3.39B | 2.20B |
| Preferred Stock, Convertible | 69.00K | 69.00K | 69.00K | 69.00K | 69.00K | |
| Common Stock | 16.74M | 13.97M | 13.85M | 13.68M | 13.61M | 13.48M |
| Additional Paid-In Capital | 431.09M | 323.93M | 321.70M | 319.61M | 318.03M | 249.20M |
| Retained Earnings | 237.04M | 183.24M | 121.70M | 78.78M | 53.27M | 36.03M |
| Treasury Stock | -1.10M | -1.10M | -1.10M | -1.10M | -1.10M | -1.10M |
| Comprehensive Income & Other | -8.91M | 10.92M | 4.51M | 933.00K | -2.10M | 1.39M |
| Total Common Equity | 674.86M | 530.96M | 460.65M | 411.90M | 381.71M | 299.01M |
| Shareholders' Equity | 674.93M | 531.03M | 460.72M | 411.97M | 381.78M | 299.01M |
| Total Liabilities & Equity | 6.81B | 5.34B | 4.94B | 4.40B | 3.77B | 2.50B |
| Total Debt | 171.75M | 140.11M | 141.19M | 152.40M | 138.65M | 51.39M |
| Net Cash (Debt) | 199.65M | 43.93M | 286.84M | 268.28M | 202.57M | 276.16M |
| Net Cash Per Share | 10.38 | 2.51 | 16.74 | 15.90 | 14.73 | 33.93 |
| Filing Date Shares Outstanding | 16.66M | 16.49M | 13.79M | 13.61M | 13.58M | 13.44M |
| Total Common Shares Outstanding | 16.66M | 13.89M | 13.77M | 13.60M | 13.53M | 13.40M |
| Book Value Per Share | 40.50 | 38.22 | 33.45 | 30.28 | 28.21 | 22.31 |
| Tangible Book Value | 621.13M | 512.28M | 441.81M | 392.90M | 362.55M | 279.68M |
| Tangible Book Value Per Share | 37.27 | 36.88 | 32.09 | 28.88 | 26.79 | 20.87 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 66.29M | 47.67M | 33.40M | 18.66M | 11.42M | |
| Depreciation & Amortization | 4.75M | 4.62M | 3.95M | 2.56M | -270.00K | |
| Other Amortization | 206.00K | 206.00K | 205.00K | 154.00K | ||
| Gain (Loss) on Sale of Assets | -219.00K | 57.00K | 350.00K | 344.00K | ||
| Gain (Loss) on Sale of Investments | -4.94M | -4.18M | -2.56M | 392.00K | 34.00K | |
| Total Asset Writedown | 9.00K | |||||
| Provision for Credit Losses | 7.59M | 5.70M | 6.32M | 12.20M | 9.92M | |
| Accrued Interest Receivable | -20.65M | -7.65M | -4.39M | -12.71M | 749.00K | |
| Change in Other Net Operating Assets | 2.35M | |||||
| Other Operating Activities | -16.08M | -13.47M | -8.61M | -7.69M | -20.38M | |
| Operating Cash Flow | 50.84M | 35.14M | 39.08M | 21.79M | 4.58M | |
| Capital Expenditures | -2.68M | -1.77M | -3.44M | -12.19M | -5.62M | |
| Sale of Property, Plant and Equipment | 1.33M | |||||
| Investment in Securities | -182.14M | -203.07M | -505.00K | -164.82M | -3.13M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -422.54M | -322.25M | -527.60M | -1.03B | -493.60M | |
| Other Investing Activities | -2.84M | 6.17M | 2.01M | -29.90M | 2.29M | |
| Investing Cash Flow | -610.20M | -520.93M | -529.53M | -1.24B | -500.06M | |
| Long-Term Debt Issued | 7.00M | 8.00M | 110.07M | |||
| Long-Term Debt Repaid | -8.00M | -50.00M | -52.88M | |||
| Net Debt Issued (Repaid) | 7.00M | -8.00M | 8.00M | 60.07M | -52.88M | |
| Issuance of Common Stock | 779.00K | 656.00K | 47.00K | 1.53M | 164.21M | |
| Repurchase of Common Stock | -32.00K | -42.00K | -22.00K | -121.00K | ||
| Preferred Stock Issued | 66.22M | |||||
| Preferred Dividends Paid | -4.75M | -4.75M | -4.74M | -221.00K | ||
| Total Dividends Paid | -4.75M | -4.75M | -4.74M | -221.00K | ||
| Net Increase (Decrease) in Deposit Accounts | 316.39M | 507.35M | 567.00M | 1.10B | 507.73M | |
| Other Financing Activities | -65.00K | |||||
| Financing Cash Flow | 319.39M | 495.15M | 570.29M | 1.22B | 618.94M | |
| Net Cash Flow | -239.97M | 9.36M | 79.83M | 4.99M | 123.47M | |
| Free Cash Flow | 48.16M | 33.37M | 35.64M | 9.60M | -1.04M | |
| Free Cash Flow Margin | 23.93% | 20.14% | 25.20% | 8.61% | -1.21% | |
| Free Cash Flow Per Share | 2.75 | 1.95 | 2.11 | 0.70 | -0.13 | |
| Cash Interest Paid | 159.14M | 166.11M | 124.77M | 35.38M | 10.84M | |
| Cash Income Tax Paid | 22.82M | 15.78M | 8.57M | 7.07M | 6.22M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 675.56M | 528.11M | 464.41M | 270.32M | 249.39M | 344.17M |
| Last Close Price | 39.89 | 38.01 | 33.95 | 19.87 | 18.43 | 25.98 |
| PE Ratio | 10.36 | 8.58 | 10.82 | 9.43 | 14.46 | 30.13 |
| PS Ratio | 2.81 | 2.62 | 2.80 | 1.91 | 2.24 | 4.03 |
| PB Ratio | 0.98 | 0.99 | 1.01 | 0.66 | 0.65 | 1.15 |
| P/FCF Ratio | 43.16 | 10.97 | 13.92 | 7.58 | 25.97 | |
| P/OCF Ratio | 20.80 | 10.39 | 13.22 | 6.92 | 11.45 | 75.08 |
| Debt / Equity Ratio | 0.25 | 0.26 | 0.31 | 0.37 | 0.36 | 0.17 |
| Debt / FCF Ratio | 2.91 | 4.23 | 4.28 | 14.44 | ||
| Net Debt / Equity Ratio | -0.30 | -0.08 | -0.62 | -0.65 | -0.53 | -0.92 |
| Net Debt / FCF Ratio | -0.91 | -8.60 | -7.53 | -21.10 | 266.56 | |
| Return on Equity (ROE) | 12.66% | 13.37% | 10.93% | 8.42% | 5.48% | 5.45% |
| Return on Assets (ROA) | 1.27% | 1.29% | 1.02% | 0.82% | 0.60% | 0.52% |
| Earnings Yield | 9.66% | 12.55% | 10.27% | 12.36% | 7.48% | 3.32% |
| FCF Yield | 2.32% | 9.12% | 7.19% | 13.18% | 3.85% | -0.30% |
| Payout Ratio | 7.17% | 9.96% | 14.18% | 1.18% | ||
| Buyback Yield / Dilution | -10.25% | -2.00% | -1.52% | -22.71% | -69.00% | -28.58% |