Third Coast Bancshares, Inc. Reports 2024 Fourth Quarter and Full Year Financial Results
Third Coast Bancshares, Inc. (TCBX)
Company Research
Source: PR Newswire
Year Over Year Book Value grew 12.8% and Tangible Book Value(1) grew 13.6%HOUSTON, Jan. 22, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 fourth quarter and full year financial results.2024 Fourth Quarter Financial HighlightsNet income totaled $13.7 million, or $0.92 and $0.79 per basic and diluted share, respectively, compared to $12.8 million, or $0.85 and $0.74 per basic and diluted share, respectively, for the third quarter of 2024.Net interest income totaled $43.4 million, representing an increase of 7.6% from $40.4 million in the third quarter of 2024.Return on average assets of 1.13% annualized for the quarter compared to 1.14% annualized for the third quarter of 2024 and 0.90% annualized for the fourth quarter of 2023.Efficiency Ratio improved to 58.80% for the fourth quarter of 2024 from 59.57% for the third quarter of 2024.Gross loan
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News
- Third Coast Bancshares declares $17.25 dividend [Seeking Alpha]Seeking Alpha
- Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred StockPR Newswire
- Third Coast Bancshares: I'm Still Banking On It [Seeking Alpha]Seeking Alpha
- Third Coast Bancshares Is Undervalued And Worth Banking On [Seeking Alpha]Seeking Alpha
- Third Coast Bancshares (NASDAQ:TCBX) had its price target raised by analysts at Keefe, Bruyette & Woods from $42.00 to $43.00. They now have a "market perform" rating on the stock.MarketBeat
TCBX
Earnings
- 10/22/25 - Beat
TCBX
Analyst Actions
- 10/28/25 - Stephens & Co.
TCBX
Sec Filings
- 12/19/25 - Form 424B3
- 12/18/25 - Form 8-K
- 12/18/25 - Form S-4/A
- TCBX's page on the SEC website