Third Coast Bancshares, Inc.

TCBX · NYSE · Financial Services / Banks - Regional

39.58USD-0.10 (-0.25%)

Price History

Full chart

Market Stats

Previous Close39.68

Open39.62

Day Range39.37 – 39.74

52-Week Range35.73 – 46.36

Volume51.57K

Market Cap719.64M

P/E (TTM)10.76

Forward P/E10.22

EPS4.02

Dividend Yield0.00%

Beta0.64

50-Day Avg44.15

200-Day Avg40.56

About

Third Coast Bancshares, Inc. operates as the bank holding company for Third Coast Bank that provides various commercial banking solutions to small and medium-sized businesses and professionals in Texas, the United States. The company's deposit products include checking, money market, savings, and individual retirement accounts, as well as certificates of deposit. Its loan portfolio consists of commercial and residential real estate loans; construction, development and other loans; commercial and industrial loans; and farmland, consumer, and agricultural loans, as well as lease financing and bond anticipation notes, as well as financial products and services. The company also provides retail and commercial online banking platforms, mobile banking apps, treasury management solutions, merchant card services, and customer digital solutions, as well as debit and credit cards. In addition, it offers state and municipal and mortgage-backed securities, agency collateralized mortgage obligations, the U.S. treasury bonds, and corporate bonds. The company was founded in 2008 and is headquartered in Humble, Texas.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Bart O. Caraway CPA
Employees477
Headquarters20202 Highway 59 North, Humble, TX, United States, 77338, USA
Websitehttps://www.thirdcoast.bank

Leadership

Mr. Bart O. Caraway CPAFounder, Chairman, President & CEO · b. 1971
Mr. R. John McWhorterSenior EVP & CFO · b. 1965
Mr. William BobboraExecutive VP & Chief Banking Officer · b. 1968
Ms. Liz EberChief Legal Officer & Company Secretary · b. 1984
Ms. Audrey A. SpauldingSenior EVP & Chief Credit Officer · b. 1965
Mr. Andrew NovariniExecutive VP & President of Community Banking
Mr. Christopher S. PeacockExecutive VP & Chief Retail Officer · b. 1965
Ms. Eva PawelekRegional President & Head of Houston Corporate Banking
Ms. Laura RauEVP & Chief Risk Officer · b. 1975

Financials

Income Statement

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	50.28M	83.55M	103.19M	160.18M	266.54M	338.07M	366.95M
Growth (%)	-	+66.16%	+23.50%	+55.24%	+66.40%	+26.84%	+8.54%
Cost of Revenue	17.60M	21.91M	19.98M	49.69M	133.34M	173.30M	164.16M
Gross Profit	32.69M	61.64M	83.20M	110.49M	266.54M	164.77M	202.79M
Gross Margin	65.00%	73.78%	80.63%	68.98%	100.00%	48.74%	55.26%
Operating Expense	29.45M	46.03M	68.72M	87.32M	224.93M	103.42M	117.80M
Operating Income	3.23M	15.61M	14.48M	23.17M	41.61M	61.35M	84.99M
Operating Margin	6.43%	18.68%	14.04%	14.46%	15.61%	18.15%	23.16%
EBITDA	4.10M	15.69M	14.21M	25.72M	41.61M	65.97M	90.04M
EBITDA Margin	8.16%	18.78%	13.77%	16.06%	15.61%	19.51%	24.54%
Net Income	2.38M	12.12M	11.42M	18.66M	33.40M	47.67M	66.29M
Net Income Margin	4.74%	14.50%	11.07%	11.65%	12.53%	14.10%	18.07%
Interest Expense	15.97M	14.36M	10.06M	37.49M	127.02M	167.60M	158.81M
Interest Expense % of Total Revenue	31.77%	17.19%	9.75%	23.41%	47.65%	49.57%	43.28%

Balance Sheet

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	928.34M	1.87B	2.50B	3.77B	4.40B	4.94B	5.34B
Total Liabilities	871.03M	1.75B	2.20B	3.39B	3.98B	4.48B	4.81B
Total Equity	57.30M	121.72M	299.01M	381.78M	411.97M	460.72M	531.03M
Cash	95.85M	201.40M	326.86M	329.86M	296.93M	371.51M	175.47M
Total Debt	30.38M	33.88M	1.00M	129.43M	141.71M	132.53M	136.97M
Net Debt	-65.47M	-167.52M	-325.86M	-200.43M	-155.22M	-238.98M	-38.50M

Cash Flow

Currency: USD	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	3.59M	-3.65M	4.58M	21.79M	39.08M	35.14M	50.84M
Investing Cash Flow	-121.70M	-500.01M	-500.06M	-1.24B	-529.53M	-520.93M	-610.20M
Financing Cash Flow	79.28M	611.16M	618.94M	1.22B	570.29M	495.15M	319.39M
Capital Expenditure	2.98M	1.35M	5.62M	12.19M	3.44M	1.77M	2.68M
Free Cash Flow	611.00K	-5.01M	-1.04M	9.60M	35.64M	33.37M	48.16M
Dividends Paid	745.77K	221.00K	221.00K	221.00K	4.74M	4.75M	4.75M
FCF to OCF	17.03%	137.06%	-22.60%	44.06%	91.20%	94.97%	94.73%
Dividend Paid to FCF	122.06%	-4.41%	-21.33%	2.30%	13.29%	14.23%	9.86%

Earnings

Report Date	Mar 31, 2020	Jun 30, 2020	Sep 30, 2020	Dec 31, 2020	Mar 31, 2021	Jun 30, 2021	Dec 22, 2021	Jan 27, 2022	Apr 28, 2022	Jul 27, 2022	Oct 26, 2022	Jan 26, 2023	Apr 26, 2023	Jul 26, 2023	Oct 25, 2023	Jan 25, 2024	Apr 24, 2024	Jul 24, 2024	Oct 23, 2024	Jan 22, 2025	Apr 23, 2025	Jul 23, 2025	Oct 22, 2025	Jan 21, 2026	Apr 22, 2026	Jul 22, 2026	Oct 28, 2026
EPS Estimate	0.00	0.00	0.00	0.00	0.00	0.00	0.34	0.23	0.17	0.30	0.33	0.42	0.42	0.50	0.49	0.47	0.49	0.57	0.55	0.69	0.72	0.76	0.83	0.91	0.92	0.88	0.98
EPS Actual	0.47	0.39	0.52	0.52	0.80	0.55	0.28	0.03	0.15	0.22	0.49	0.44	0.55	0.53	0.32	0.57	0.61	0.63	0.74	0.79	0.78	0.96	1.03	1.02	0.88	1.08	-
Surprise	-	-	-	-	-	-	-17.65%	-86.96%	-11.76%	-26.67%	48.48%	4.76%	30.95%	6.00%	-34.69%	21.28%	24.49%	10.53%	34.55%	14.49%	8.33%	26.32%	24.10%	12.09%	-4.35%	22.73%	-
Timing	-	-	-	-	-	-	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	-

Key Statistics & Ratios

Market Cap719.64M

Enterprise Value470.38M

Trailing P/E10.76

Forward P/E10.22

Price / Sales3.15

Price / Book1.03

EPS4.02

Book Value40.31

Revenue (TTM)228.96M

Gross Profit (TTM)228.96M

Profit Margin32.46%

Operating Margin42.71%

Return on Equity12.74%

Return on Assets1.27%

Shares Outstanding16.64M

Shares Float15.22M

Beta0.64

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Buy

Based on 4 analystsTarget 48.33

Strong Buy
1
Hold
3

Ownership Breakdown

Institutions: 61.18%
Insiders: 8.21%
Retail / Other: 30.61%

Top Institutional Holders

BlackRock Inc
942.15K5.66%
Vanguard Capital Management, LLC
595.29K3.57%
Adage Capital Partners Gp LLC
527.88K3.17%
Dimensional Fund Advisors, Inc.
517.51K3.11%
Kennedy Capital Management Inc
458.73K2.75%
American Century Companies Inc
430.18K2.58%
State Street Corp
355.09K2.13%
Geode Capital Management, LLC
305.75K1.84%
Ategra Capital Management LLC
261.39K1.57%
AllianceBernstein L.P.
254.48K1.53%
Meridian Wealth Advisors, LLC
190.79K1.15%
SEI Investments Co
178.57K1.07%
1492 Capital Management, LLC
174.21K1.05%
Banc Funds Co LLC
169.06K1.02%
Wellington Management Company LLP
167.05K1.00%
Wasatch Advisors LP
166.31K1.00%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
421.07K2.53%
Avantis US Small Cap Value ETF
394.29K2.37%
iShares Russell 2000 ETF
392.00K2.35%
Fidelity Small Cap Index
166.27K1.00%

Dividends

20231×

16.88Mar 30, 2023

20221×

17.25Dec 29, 2022