HOUSTON, June 17, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), today announced that its Board of Directors has authorized a new share repurchase program (the "Repurchase Program"). This Repurchase Program allows the Company to buy up to $30 million of its common stock and will expire on May 22, 2026. Non-objection from the Federal Reserve Bank of Dallas related to the Repurchase Program was received June 16, 2025.Under the Repurchase ...

HOUSTON, June 4, 2025 /PRNewswire/ -- Third Coast Bank, a Texas banking association (the "Bank") and a wholly owned bank subsidiary of Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "we" or "our"), today announced that it entered into a $150 million securitization transaction of certain commercial real estate loans (the "Mortgage Loans") originated by the Bank. EJF Capital LLC ("EJF Capital"), a global alternative asset management firm with approximately $5.3 billion assets under management as ...

Group 1 - Third Coast Bancshares (NASDAQ: TCBX) is identified as a worthy investment opportunity with a 'buy' rating [1] - The focus of Crude Value Insights is on cash flow and companies in the oil and natural gas sector, emphasizing value and growth prospects [1] - Subscribers benefit from a 50+ stock model account, detailed cash flow analyses of exploration and production firms, and live discussions about the sector [2] Group 2 - A two-week free trial is available for new subscribers, promoting engagement in the oil and gas investment community [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _____________ Commission File Number: 001-41028 THIRD COAST BANCSHARES, INC. (Exact name of registrant as specified in its charter) Texas 46-213 ...

Core Insights - Third Coast Bancshares, Inc. reported a net income of $13.6 million for Q1 2025, nearly unchanged from $13.7 million in Q4 2024, resulting in basic and diluted EPS of $0.90 and $0.78 respectively [1][7] - The stability in net income was primarily due to higher net interest income, supported by steady loan growth and strong asset quality, although this was partially offset by increased provisions for credit losses and rising operational expenses [1][7] - The company is expected to continue focusing on operational efficiency through a 1% improvement initiative, despite anticipated impacts from securitization [1] Financial Metrics - The net interest margin for Q1 2025 was reported at 3.80%, an increase from 3.71% in Q4 2024 [7] - Gross loans reached $3.99 billion as of March 31, 2025 [7] - The efficiency ratio for the quarter was 61.23%, up from 58.80% in the previous quarter [7]

Third Coast Bancshares, Inc. (NASDAQ:TCBX) Q1 2025 Results Conference Call April 24, 2025 11:00 AM ET Company Participants Natalie Hairston - IR Bart Caraway - Chairman, President & Chief Executive Officer John McWhorter - Chief Financial Officer Audrey Duncan - Chief Credit Officer Conference Call Participants Woody Lay - KBW Bernard Von Gizycki - Deutsche Bank Michael Rose - Raymond James Matt Olney - Stephens Dave Storms - Stonegate Operator Greetings, and welcome to the Third Coast Bancshares First Quar ...

Third Coast Bancshares (TCBX) Q1 2025 Earnings Call April 24, 2025 11:00 AM ET Company Participants Natalie Hairston - Senior Vice PresidentBart Caraway - Chairman, President & CEOJohn McWhorter - Chief Financial OfficerAudrey Duncan - Senior EVP & Chief Credit OfficerWoody Lay - Vice PresidentMichael Rose - Managing DirectorMatt Olney - Managing DirectorDave Storms - Director of Equity Research Conference Call Participants Bernard Von Gizycki - Equity Research Analyst Operator and welcome to the Third Coas ...

Financial Data and Key Metrics Changes - The first quarter net income was $12.4 million, essentially flat compared to the fourth quarter of 2024, resulting in a return on assets (ROA) of 1.17% and a return on equity (ROE) of 12.4% [11] - Net interest income grew by 12.4% year-over-year but declined slightly from the previous quarter due to a decrease in Fed funds sold and other interest-earning assets [12] - Non-interest expenses increased by 3.2% or $878,000 in the first quarter, and were up 8.5% or $2.2 million compared to the same quarter last year [12] - The net interest margin improved by nine basis points to 3.8% [9][12] Business Line Data and Key Metrics Changes - The bank successfully executed a significant commercial real estate loan securitization, enhancing balance sheet management and generating fee income that will positively impact the net interest margin in the second quarter [7][8] - Loan growth in April was reported at over $50 million, with a quarterly average growth of $42.5 million [13] - Nonperforming loans declined by $9.3 million, improving the nonperforming loans to total loans ratio by 23 basis points from the prior quarter [15] Market Data and Key Metrics Changes - Deposits declined by $62 million for the quarter, resulting in a loan to deposit ratio of 93.9% [12] - The bank's investment securities increased by $13.4 million to $397 million, with an accumulated other comprehensive income (AOCI) gain of $10.3 million [12] Company Strategy and Development Direction - The company is focused on disciplined loan growth, robust credit management, and improving operational efficiencies while increasing shareholder value [6][9] - The management emphasized the importance of maintaining a healthy balance sheet and promoting long-term sustainable growth through proactive asset management strategies [8][20] - The bank is evaluating additional securitizations as a tool for managing concentrations and supporting sustainable profitable growth [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's credit risk strategies and the overall economic outlook, noting that borrowers remain cautious but optimistic [27][29] - The company anticipates achieving $325 million in loan growth for the year, translating to an 8% annual run rate compared to the prior year [19][49] - Management acknowledged the potential for rate cuts and their impact on loan growth and customer behavior [48][49] Other Important Information - The bank's book value and tangible book value grew by 4.4% and 4.7% respectively over the prior quarter, and by 14.3% and 15.2% compared to the same period last year [9] - The company is considering a share buyback program due to capital accretion and stock price levels [13][51] Q&A Session Summary Question: Impact of securitization on net interest margin - Management confirmed that the securitization will primarily impact the margin, providing a five basis point benefit for the next quarter [23] Question: Loan growth confidence amid macro uncertainty - Management indicated that the loan growth in April was primarily due to fundings on revolving lines rather than new deals, and expressed optimism about the pipeline [25][26] Question: Fee income increase drivers - The increase in fee income was attributed to the treasury management division, which has seen significant growth in recent years [32][33] Question: Expectations for non-interest expenses - Management expects non-interest expenses to remain flat in the second quarter, around $28 million [36] Question: Outlook on loan production yields and margin - Management anticipates a stable margin around 3.75% to 3.8%, with the potential for improvement depending on interest rate movements [40][42] Question: Consideration of share buybacks - Management is seriously considering a buyback program due to attractive stock levels and capital accretion [51][52]

Financial Performance - Year-over-year net income improved by 31% to $13.6 million for Q1 2025, with diluted EPS increasing by 28% to $0.78[2][9] - Net interest income for Q1 2025 was $42.797 million, compared to $38.079 million in Q1 2024, reflecting a year-over-year increase of 12.66%[39] - Net income for the three months ended March 31, 2025, was $13,589 thousand, slightly down from $13,733 thousand in the previous quarter[32] - Basic earnings per share for the three months ended March 31, 2025, were $0.90, compared to $0.92 for the previous quarter[32] - The diluted earnings per share for Q1 2025 was $0.78, compared to $0.63 in Q2 2024, marking a 23.81% increase[35] Asset and Loan Growth - Gross loans increased to $3.99 billion, a growth of $21.6 million or 0.5% from Q4 2024, and up 6.5% from $3.75 billion in Q1 2024[5][16] - Total loans increased to $3,988,039 thousand in Q1 2025, up from $3,966,425 thousand in Q4 2024, representing a growth of 0.03%[43] - Loans held for investment increased to $3,988,039 thousand as of March 31, 2025, compared to $3,966,425 thousand as of December 31, 2024, representing a growth of 0.5%[31] Asset Quality - Nonperforming loans decreased to $18.6 million, with a nonperforming loans to total loans ratio of 0.47% as of March 31, 2025[17][18] - Nonperforming loans decreased to $18,569 thousand in Q1 2025, down from $27,946 thousand in Q4 2024, a reduction of 33.6%[43] - Nonaccrual loans dropped to $17,066 thousand in Q1 2025, down from $26,773 thousand in Q4 2024, a decrease of 36.4%[43] - The allowance for credit losses to total loans remained stable at 1.01% in Q1 2025, consistent with Q4 2024[43] Deposits and Funding - Deposits totaled $4.25 billion, a decrease of 1.4% from $4.31 billion in Q4 2024, but an increase of 4.9% from $4.05 billion in Q1 2024[20] - Total deposits as of March 31, 2025, were $4,248,543 thousand, a decrease from $4,310,498 thousand as of December 31, 2024[31] - The average cost of deposits was 3.60%, down 23 basis points from Q4 2024 and 49 basis points from Q1 2024[21] Efficiency and Ratios - The efficiency ratio was 61.23%, compared to 58.80% in Q4 2024 and 64.11% in Q1 2024[15] - The efficiency ratio for Q1 2025 was 61.23%, slightly higher than 58.80% in Q4 2024, suggesting a need for cost management[35] - Total common equity to total assets ratio improved to 8.45% in Q1 2025 from 7.98% in Q4 2024, indicating stronger capital position[35] - Common equity tier 1 ratio to risk-weighted assets was 8.70% in Q1 2025, up from 8.41% in Q4 2024, indicating improved capital adequacy[35] Other Financial Metrics - Book value per share rose to $29.92, compared to $28.65 in Q4 2024 and $26.18 in Q1 2024[5][9] - Tangible common equity rose to $394,825 thousand in Q1 2025, compared to $375,718 thousand in Q4 2024, reflecting an increase of 5.4%[47] - Tangible book value per share improved to $28.56 in Q1 2025, up from $27.29 in Q4 2024, an increase of 4.7%[47] - Retained earnings increased to $134,115 thousand as of March 31, 2025, compared to $121,697 thousand as of December 31, 2024[31]

Year-over-Year Net Income Improved 31% and Diluted EPS increased 28% Net Interest Margin Expands to 3.80% and Book Value Per Share IncreasesHOUSTON, April 23, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank (the "Bank"), today reported its 2025 first quarter financial results.Year to Date Financial Highlights Return on average assets of 1.17% annualized for the first quarter of 2025 compared ...