Accessibility StatementSkip Navigation HOUSTON, Oct. 1, 2025 /PRNewswire/ --Â Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2025 third quarter financial results on Wednesday, October 22, 2025 after the market closes. Management has scheduled a conference call and webcast on Thursday, October 23, 2025 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancsh ...

Accessibility StatementSkip Navigation Award winners to be revealed on October 15 in London HOUSTON, Sept. 29, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (the "Company") (NASDAQ: TCBX) announced today that it has been nominated as the 2025 North American Issuer of the Year by SCI, in recognition of the Company's landmark securitizations executed in 2025 and its leadership in risk management innovation within the regional banking sector. Winners will be announced at SCI's Capital Relief Trades Awards ...

Includes Dual Listing on NYSE Texas HOUSTON , Sept. 22, 2025 /PRNewswire/ --Â Third Coast Bancshares, Inc. (the "Company") (NASDAQ: TCBX) announced today that its board of directors has approved the transfer of the listing of its common stock to the New York Stock Exchange ("NYSE") from the Nasdaq Global Select Market ("Nasdaq"). ...

Group 1 - Third Coast Bancshares (NASDAQ: TCBX) is reaffirmed as a 'buy' candidate despite a decline in stock price prior to May [1] - The focus of Crude Value Insights is on cash flow and companies that generate it, highlighting value and growth prospects in the oil and natural gas sector [1] Group 2 - Subscribers have access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production firms, and live discussions about the sector [2] - A two-week free trial is available for new subscribers to explore opportunities in the oil and gas industry [3]

PART I. FINANCIAL INFORMATION [Item 1. Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited consolidated financial statements for Third Coast Bancshares, Inc. as of June 30, 2025, including balance sheets, income statements, and cash flows, with detailed notes [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) Total assets remained stable at approximately **$4.94 billion** as of June 30, 2025, with a significant decrease in cash offset by increased net loans and held-to-maturity securities, while total shareholders' equity increased to **$496.1 million** Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 (unaudited) | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$4,943,771** | **$4,942,446** | | Cash and cash equivalents | $118,956 | $421,202 | | Investment securities available-for-sale | $355,753 | $384,025 | | Investment securities held-to-maturity | $206,065 | $0 | | Loans, net | $4,039,701 | $3,926,121 | | **Total Liabilities** | **$4,447,656** | **$4,481,727** | | Total deposits | $4,280,869 | $4,310,498 | | **Total Shareholders' Equity** | **$496,115** | **$460,719** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Net income for Q2 2025 increased by **55.1%** to **$16.7 million**, and for the six months ended June 30, 2025, it rose **43.3%** to **$30.3 million**, primarily driven by a **27.1%** increase in net interest income for the quarter Key Income Statement Data (in thousands, except per share data) | Metric | Q2 2025 | Q2 2024 | YoY Change | H1 2025 | H1 2024 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $49,374 | $38,858 | +27.1% | $92,171 | $76,937 | +19.8% | | Net Income | $16,747 | $10,796 | +55.1% | $30,336 | $21,163 | +43.3% | | Diluted EPS | $0.96 | $0.63 | +52.4% | $1.74 | $1.25 | +39.2% | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) For the six months ended June 30, 2025, the company experienced a net decrease in cash and cash equivalents of **$302.2 million**, primarily due to **$295.2 million** in net cash used in investing activities, including **$116.2 million** in net loan originations and **$206.1 million** in held-to-maturity securities purchases Summary of Cash Flows (in thousands) | Cash Flow Activity | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $24,354 | $16,730 | | Net cash used in investing activities | ($295,223) | ($222,909) | | Net cash (used in) provided by financing activities | ($31,377) | $48,231 | | **Change in cash and cash equivalents** | **($302,246)** | **($157,948)** | [Notes to Unaudited Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) This section provides detailed explanations of the company's accounting policies and financial data, covering investment securities, loan portfolio, deposits, borrowings, regulatory capital, and derivatives - The company provides commercial and consumer banking services through **19 branches** in major Texas markets, including Greater Houston, Dallas-Fort Worth, and Austin-San Antonio[27](index=27&type=chunk) - During Q2 2025, the company completed two securitizations of commercial real estate loans totaling **$250 million** and purchased **$205.5 million** of the resulting Class A-1 asset-backed notes, classified as held-to-maturity securities[95](index=95&type=chunk)[96](index=96&type=chunk) Loan Portfolio Composition (in thousands) | Loan Type | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Real estate loans | $2,227,074 | $2,339,277 | | Commercial & industrial | $1,724,583 | $1,497,408 | | Municipal and other | $126,873 | $127,881 | | Consumer | $1,206 | $1,859 | | **Total Loans** | **$4,079,736** | **$3,966,425** | Regulatory Capital Ratios (Company Consolidated) | Ratio | June 30, 2025 | Minimum Requirement | | :--- | :--- | :--- | | Common equity tier 1 capital | 8.75% | 7.00% | | Tier 1 capital | 10.20% | 8.50% | | Total capital | 12.87% | 10.50% | | Tier 1 leverage | 9.65% | 4.00% | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=67&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance, highlighting a **43.3%** increase in net income for the first six months of 2025, driven by a **19.8%** rise in net interest income, alongside loan portfolio growth, deposit changes, securities transactions, stable credit quality, and a strong capital position [Results of Operations](index=69&type=section&id=Results%20of%20Operations) For the six months ended June 30, 2025, net interest income increased by **$15.2 million (19.8%)** year-over-year, and net income grew by **$9.2 million (43.3%)** to **$30.3 million**, while noninterest expense increased by **$5.4 million (10.5%)** due to higher salaries and regulatory assessments Net Interest Margin and Spread Analysis | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net Interest Income | $92,171 thousand | $76,937 thousand | | Net Interest Spread | 3.31% | 2.74% | | Net Interest Margin | 4.02% | 3.61% | - The provision for credit losses decreased to **$2.6 million** for H1 2025 from **$3.5 million** in H1 2024, primarily reflecting provisioning for new loan originations[294](index=294&type=chunk) - Salaries and employee benefits increased by **$4.1 million (12.6%)** in H1 2025 compared to H1 2024, due to new hires, increased bonus expense, and reduced salary deferrals related to loan fundings[301](index=301&type=chunk) [Financial Condition](index=77&type=section&id=Financial%20Condition) As of June 30, 2025, total assets were stable at **$4.94 billion**, with total loans growing by **$113.3 million (2.9%)** to **$4.08 billion**, while total deposits decreased slightly by **$29.6 million**, and nonperforming assets remained stable at **0.58%** of total assets - Total loans increased to **$4.08 billion** at June 30, 2025, a **2.9%** increase from year-end 2024, driven by a **15.2%** growth in commercial and industrial loans[315](index=315&type=chunk)[324](index=324&type=chunk) Nonperforming Assets (in thousands) | Metric | As of June 30, 2025 | As of December 31, 2024 | | :--- | :--- | :--- | | Total nonperforming loans | $20,113 | $27,946 | | Total nonperforming assets | $28,693 | $28,808 | | Ratio of nonperforming assets to total assets | 0.58% | 0.58% | - Total deposits decreased by **0.7%** to **$4.28 billion**, as a **26.8%** decrease in noninterest-bearing deposits was mostly offset by a **3.6%** increase in interest-bearing deposits[346](index=346&type=chunk) [Liquidity and Capital Resources](index=91&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains a strong liquidity position with significant available borrowing capacity, including **$491.8 million** from the FHLB and **$1.8 billion** from the Federal Reserve's Discount Window, while total shareholders' equity increased by **$35.4 million** to **$496.1 million**, and both the company and the Bank remain 'well capitalized' - As of June 30, 2025, the company had significant available borrowing capacity, including **$491.8 million** from FHLB and **$1.8 billion** from the Federal Reserve Discount Window[358](index=358&type=chunk) - Total shareholders' equity increased by **7.7%** to **$496.1 million** in the first six months of 2025, primarily due to **$30.3 million** in net income[363](index=363&type=chunk) - Both the Company and the Bank were classified as 'well capitalized' under all regulatory capital requirements as of June 30, 2025[365](index=365&type=chunk)[366](index=366&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=98&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate volatility, managed through simulation models and shock analyses, indicating that a **+200 basis point** shock would increase net interest income by **1.59%** over a 12-month horizon Interest Rate Sensitivity Analysis (as of June 30, 2025) | Change in Interest Rates (Basis Points) | Simulated % Change in Net Interest Income | Simulated % Change in Fair Value of Equity | | :--- | :--- | :--- | | +300 | 2.15% | (5.68)% | | +200 | 1.59% | (2.88)% | | +100 | 0.90% | (0.94)% | | -100 | (1.26)% | (0.40)% | [Item 4. Controls and Procedures](index=98&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[395](index=395&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that have materially affected, or are reasonably likely to materially affect, these controls[396](index=396&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=99&type=section&id=Item%201.%20Legal%20Proceedings) The company is not currently subject to any material legal proceedings, and any ongoing litigation is considered part of the ordinary course of business with no expected material adverse effect on financial condition - The company is not subject to any material legal proceedings, and management believes the impact of any ordinary course litigation is remote[399](index=399&type=chunk)[400](index=400&type=chunk) [Item 1A. Risk Factors](index=99&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 - No material changes have occurred in the risk factors disclosed in the Company's Annual Report on Form 10-K filed on March 5, 2025[401](index=401&type=chunk) [Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities](index=99&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) There were no unregistered sales of equity securities, use of proceeds, or issuer purchases of equity securities during the reporting period - None reported for the period[402](index=402&type=chunk) [Item 5. Other Information](index=99&type=section&id=Item%205.%20Other%20Information) No director or officer of the company adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement during the three months ended June 30, 2025 - No director or officer adopted or terminated a Rule 10b5-1 trading arrangement during the second quarter of 2025[405](index=405&type=chunk) [Item 6. Exhibits](index=100&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the Principal Executive Officer and Principal Financial Officer

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Core Viewpoint - Third Coast Bancshares, Inc. (TCBX) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price appreciation [1][2]. Earnings Estimate Revisions - The trend of increasing earnings estimate revisions reflects growing analyst optimism regarding the company's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, the earnings estimate is projected at $0.80 per share, representing an 8.1% year-over-year increase, with a 6.46% rise in consensus estimates over the past 30 days due to three upward revisions and no negative changes [5]. - For the full year, the earnings estimate is expected to be $3.30 per share, marking an 18.7% increase from the previous year, with a 6.89% rise in consensus estimates driven by three upward revisions and no negative changes [6][7]. Zacks Rank and Performance - Third Coast Bancshares currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts on the positive earnings revisions, which historically correlates with outperformance in stock returns [3][8]. - Stocks with a Zacks Rank 1 and 2 have shown significant outperformance compared to the S&P 500, suggesting that TCBX may continue to deliver strong returns [8]. Investment Outlook - The stock has appreciated by 15.6% over the past four weeks due to favorable estimate revisions, and further upside potential remains, making it a candidate for immediate portfolio addition [9].

Core Viewpoint - Third Coast Bancshares, Inc. (TCBX) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][4][6]. Earnings Estimates and Ratings - The Zacks rating system is primarily driven by changes in a company's earnings picture, with the Zacks Consensus Estimate tracking EPS estimates from sell-side analysts [2][3]. - The recent upgrade reflects an improvement in Third Coast Bancshares' earnings outlook, which is expected to lead to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - There is a strong correlation between earnings estimate revisions and near-term stock price movements, making it beneficial for investors to track these revisions [5][7]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. Specifics on Third Coast Bancshares - For the fiscal year ending December 2025, Third Coast Bancshares is expected to earn $3.15 per share, unchanged from the previous year, but analysts have raised their estimates by 0.4% over the past three months [9]. - The upgrade to Zacks Rank 1 places Third Coast Bancshares in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10][11].

Group 1 - Third Coast Bancshares, Inc. reported a net income of $16.8 million for Q2 2025, an increase from $13.6 million in Q1 2025, with basic and diluted EPS of $1.12 and $0.96 respectively [1][7] - The increase in net income was primarily driven by higher net interest income due to opportunistic securitization of the portfolio and stable expenses related to salaries and employee benefits [1] - The net interest margin expanded to 4.22% in Q2 2025, up from 3.80% in Q1 2025 and 3.62% year-over-year [7] Group 2 - The company experienced a higher provision for credit losses and expenses related to securitization, which partially offset the increase in net income [1] - Gross loans reached $4.08 billion as of June 30, 2025, and the efficiency ratio improved to 55.45% from 61.23% [7] - The company is expected to continue prioritizing operational efficiency, sustaining a 1% improvement initiative with forecasts indicating stable non-interest expenses [1]

Financial Data and Key Metrics Changes - The company reported a second quarter net income of $15.6 million, up 25% compared to the first quarter of 2025, resulting in a return on assets of 1.38% and a return on equity of 14.7% [8][9] - Net interest income increased by $6.6 million or 15.4% from the first quarter, partially due to two securitization transactions that generated approximately $2 million in fee income [9][10] - Non-interest expenses rose by 2.6% or $738,000 in the second quarter, with about $500,000 attributed to the securitizations [9][10] - The net interest margin improved to 4.22%, with a forecasted margin of between 3.90% and 3.95% for the third and fourth quarters [10][17] Business Line Data and Key Metrics Changes - The company achieved loan growth of $91.7 million in the second quarter, with a compound annual growth rate of 21.1% since its IPO, increasing total loans from $2.07 billion in December 2021 to $4.08 billion in June 2025 [7][10] - Average loans increased by $40.9 million compared to the first quarter, with strong loan demand continuing into July, already up $50 million [10] Market Data and Key Metrics Changes - The company maintained high credit standards while expanding its loan portfolio, demonstrating a disciplined management approach [7][12] - Non-accrual loans improved significantly, declining by $3.7 million during the quarter, while nonperforming loans increased by $1.5 million from the previous quarter but were down $4.3 million year-over-year [12] Company Strategy and Development Direction - The company is focused on enhancing operational efficiency, with an improved efficiency ratio of 55.45% in the second quarter, down from 61.39% a year ago [15][16] - The company aims for strong loan growth, projecting $50 million to $100 million of new loans each quarter, maintaining an annualized growth rate near 8% [16] - The company plans to preserve and optimize net interest margins, anticipating two rate cuts by the Federal Reserve before year-end [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the changing financial services landscape, emphasizing the importance of maintaining a strong capital position to seize growth opportunities [15][19] - The company remains committed to maintaining superior credit quality through disciplined underwriting and proactive portfolio management [17][18] Other Important Information - The company has been nominated for North American Transaction of the Year and North American Issuer of the Year at the 2025 SCI Risk Sharing Awards [5] - The company has successfully executed its original business model since its IPO in 2021, demonstrating remarkable progress [5][6] Q&A Session Summary Question: Can you provide more details on the securitizations and expectations for future transactions? - Management indicated that while there are no new securitizations expected in the third quarter, there is potential for one in the first quarter of next year [21][23] Question: What are the expectations for return on assets for the remainder of the year? - Management suggested that return on assets could be in the range of 125 to 130 basis points [24] Question: How does the core net interest margin look excluding the impact of securitizations? - The core net interest margin is expected to be in the range of 3.90% to 3.95%, including other capitalized fees [39][40] Question: What is the outlook for loan growth, particularly in the commercial and industrial segment? - Management noted that the commercial and industrial segment has a robust pipeline, although there may be substantial payoffs affecting growth [62] Question: How will capital deployment be prioritized moving forward? - Management indicated that loan growth will likely be prioritized over share buybacks, depending on market conditions [54][56]