THIRD COAST BANCSHARES, INC. REPORTS 2024 THIRD QUARTER FINANCIAL RESULTS
Third Coast Bancshares, Inc. (TCBX)
Company Research
Source: PR Newswire
Record Basic EPS of $0.85 and Diluted EPS of $0.74HOUSTON, Oct. 23, 2024 /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 third quarter financial results.2024 Third Quarter Financial and Operational HighlightsNet income totaled $12.8 million, or $0.85 and $0.74 per basic and diluted share, respectively, compared to $10.8 million, or $0.70 and $0.63 per basic and diluted share, respectively, for the second quarter of 2024.Return on average assets increased to 1.14% annualized compared to 0.97% annualized for the second quarter of 2024 and 0.56% annualized for the third quarter of 2023.Efficiency Ratio improved to 59.57% for the third quarter of 2024 from 61.39% for the second quarter of 2024.Gross loans grew $131.7 million to $3.89 billion, 3.5% more than the $3.76 billion reported as of June 30, 2024.Noninterest-bearing demand deposits increased $25.3
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- Third Coast Bancshares, Inc. Announces 2024 Third Quarter Earnings Release and Conference Call SchedulePR Newswire
TCBX
Earnings
- 10/23/24 - Beat
TCBX
Sec Filings
- 11/20/24 - Form SC
- 11/13/24 - Form SC
- 11/13/24 - Form 4
- TCBX's page on the SEC website