While Third Coast Bancshares has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Ahead of this earnings release, the estimate revisions trend for Third Coast Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the ...

____________________________ Contact: Ken Dennard / Natalie Hairston Dennard Lascar Investor Relations (713) 529-6600 TCBX@dennardlascar.com FOR IMMEDIATE RELEASE Exhibit 99.1 News Release THIRD COAST BANCSHARES, INC. REPORTS 2024 SECOND QUARTER FINANCIAL RESULTS Record EPS of $0.70 and Diluted EPS of $0.63 in Latest Quarterly Results HOUSTON, TX – July 24, 2024 – Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, ...

HOUSTON, July 11, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 second quarter financial results on Wednesday, July 24, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, July 25, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancshares' 2024 Second Quarter Earnings Conferenc ...

About Third Coast Bancshares, Inc. Forward Looking Statements The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this press release. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly, you should not place undue reliance on any such forwardlooking statements. Any ...

Core Insights - Stonegate Capital Partners has initiated coverage on Third Coast Bancshares, Inc. (NASDAQ: TCBX) [1] Financial Performance - Third Coast Bancshares reported a net income of $10.4 million for the quarter [2] - The company experienced year-over-year loan growth of $530.6 million [2] Expansion - Third Coast Bancshares has opened its 17th branch [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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. FORM 10-Q (Mark One) WASHINGTON, DC 20549 (Exact name of registrant as specified in its charter) | Texas | 46 ...

Financial Data and Key Metrics Changes - The company reported a first-quarter net income of $10.4 million, resulting in an 11% return on equity and record diluted earnings per share of $0.61 [22] - Net interest income increased by 12.5% on an annualized basis, primarily due to better yields on investments and higher average loans [22] - Noninterest expenses decreased by 1.9% or $500,000 due to cost-cutting initiatives [22] Business Line Data and Key Metrics Changes - Loan growth for the quarter was $107 million, while deposit growth was significantly stronger at $248 million, leading to a loan-to-deposit ratio of 92.5% [23] - Investment securities increased by $68.2 million, with the current yield on the portfolio rising to 6.15% from 5.36% in the previous quarter [22] Market Data and Key Metrics Changes - The company experienced a seasonal decline in loans of $30 million and deposits of $175 million as of the current date [23] - Nonperforming assets increased by $4.4 million, representing 0.47% of total assets, attributed to increases in nonaccruals and loans over 90 days past due [26] Company Strategy and Development Direction - The company is focused on diversifying its deposit portfolio, reducing the cost of funds, managing expenses, and enhancing operational efficiencies [1] - A new initiative to boost overall efficiencies has been introduced, encouraging employees to suggest improvements [19] - The management emphasizes the importance of operational leverage and aims to achieve a more efficient operational model [21][68] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming challenges and capitalizing on opportunities through adaptability and strategic planning [3] - The company expects net interest income growth to exceed 10% for the year, with loan growth projected between $300 million to $400 million [2][9] - Management acknowledged the uncertainty in loan growth due to seasonality and lumpiness in the portfolio [8][9] Other Important Information - The company sold a 5-year pay fixed swap on April 10, realizing a gain of $5.25 million, which will contribute approximately $275,000 to income per quarter [24] - The company has seen a strong performance in deposit acquisition across various business segments, particularly in commercial and specialty groups [20] Q&A Session Summary Question: What drove the increase in net interest margin (NIM)? - Management noted that the NIM declined just 1 basis point, with cost controls on interest-bearing deposits contributing positively, while loan yields remained flat [4][5] Question: Can you confirm the net interest income guidance for the full year? - Management confirmed the guidance of over 10% growth, adjusting from a previous range of 10% to 15% due to uncertainties in loan growth timing [8][9] Question: What are the expectations for deposit growth strategies? - Management indicated that every line of business is tasked with developing plans to grow deposits, which has been successful over the past year [13] Question: How does the company plan to manage expenses moving forward? - Management expressed confidence in maintaining expenses under 5% growth, focusing on efficiency and cost-cutting measures [40][41] Question: What are the trends in the criticized or classified loan bucket? - Management reported a few downgrades in the quarter, but these loans remain performing and are not classified as nonperforming [57]

Exhibit 99.1 News Release Contact: Ken Dennard / Natalie Hairston Dennard Lascar Investor Relations (713) 529-6600 TCBX@dennardlascar.com FOR IMMEDIATE RELEASE THIRD COAST BANCSHARES, INC. REPORTS 2024 FIRST QUARTER FINANCIAL RESULTS Continued Growth Results in Record EPS of $0.68 and Diluted EPS of $0.61 HOUSTON, TX – April 24, 2024 – 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 first ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 | 46-2135597 | | --- | --- | | (Sta ...

Third Coast Bancshares, Inc. (NASDAQ:TCBX) Q4 2023 Earnings Conference Call January 25, 2024 11:00 AM ET Company Participants Natalie Hairston - SVP, Dennard Lascar, IR Bart Caraway - President and CEO John McWhorter - CFO Audrey Duncan - Chief Credit Officer Conference Call Participants Brady Gailey - KBW Bernard Gizycki - Deutsche Bank Graham Dick - Piper Sandler Jim Mitchell - Raymond James Matt Olney - Stephens Inc. Operator Greetings, and welcome to Third Coast Banc Fourth Quarter and Full Year 2023 Ea ...