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]

Financial Performance - Net income for Q1 2024 was $10.4 million, or $0.68 and $0.61 per basic and diluted share, respectively, compared to $9.7 million, or $0.62 and $0.57 per share in Q4 2023[4] - Net income for the first quarter of 2024 was $10,367 thousand, up from $9,689 thousand in the previous quarter, marking a growth of 6.98%[26] - Net income available to common shareholders was $9,196,000 for the three months ended September 2024, an increase of 8.3% from $8,492,000 in June 2024[40] - Return on average common equity improved to 10.44% in Q1 2024, compared to 9.86% in Q4 2023[28] - Return on average common equity improved to 10.44% in September 2024, up from 9.86% in June 2024[40] Asset Growth - Total assets reached a record $4.66 billion, an increase of $264.3 million or 6.0% from $4.40 billion as of December 31, 2023[4] - Total assets increased to $4,660,403 thousand as of March 31, 2024, up from $4,396,074 thousand at December 31, 2023, representing a growth of 5.98%[24] - Total assets grew to $4,660,403,000 in September 2024, compared to $4,396,074,000 in June 2024, indicating an increase of 6.0%[40] Loan and Deposit Growth - Gross loans grew by $107.4 million to $3.75 billion, representing a 3.0% increase from $3.64 billion as of December 31, 2023[4] - Deposits increased by $247.5 million to $4.05 billion, a 6.5% rise from $3.80 billion as of December 31, 2023[4] - Total deposits rose to $4,050,672 thousand as of March 31, 2024, compared to $3,803,148 thousand at December 31, 2023, an increase of 6.50%[24] - Loans held for investment reached $3,746,178 thousand as of March 31, 2024, up from $3,638,788 thousand at December 31, 2023, indicating a growth of 2.97%[24] - Commercial and industrial loans increased to $1,350,289 thousand, up from $1,263,077 thousand, marking a growth of 6.9%[36] - Residential loans rose to $345,890 thousand, compared to $342,589 thousand in the previous quarter, reflecting a growth of 1.1%[36] Income and Expense Metrics - Noninterest income totaled $2.3 million, up from $2.2 million in Q4 2023 and $1.9 million in Q1 2023[9] - Noninterest income totaled $2,343 thousand for the first quarter of 2024, compared to $2,157 thousand in the previous quarter, an increase of 8.63%[26] - Noninterest expense decreased to $25.9 million from $26.4 million in Q4 2023, but increased from $22.0 million in Q1 2023[10] - The efficiency ratio improved to 64.11% from 66.89% in Q4 2023[11] - Efficiency ratio improved to 64.11% in Q1 2024, down from 66.89% in Q4 2023[28] Credit Quality - The provision for credit loss was $1.6 million, with an allowance for credit losses of $38.1 million, representing 1.02% of gross loans[14] - Provision for credit losses was $1,560 thousand for the first quarter of 2024, compared to $1,100 thousand in the previous quarter, reflecting an increase of 41.82%[26] - Nonperforming loans increased to $21,744 thousand, up from $17,319 thousand in the previous quarter, indicating a rise of 25.5%[36] - Nonperforming assets to total assets ratio rose to 0.47% from 0.39% in the previous quarter, reflecting a deterioration in asset quality[36] - QTD net charge-offs were $742 thousand, a decrease from $1,505 thousand in the previous quarter, showing an improvement in credit quality[36] - The allowance for credit losses to total loans ratio remained stable at 1.02% compared to the previous quarter[36] Capital and Equity - Common equity tier 1 capital ratio was 12.32% as of March 31, 2024, consistent with 12.52% in Q4 2023[32] - Total capital to risk-weighted assets ratio was 12.41% as of March 31, 2024, down from 12.66% in Q4 2023[28] - Total liabilities increased to $4,236,785 thousand as of March 31, 2024, from $3,984,100 thousand at December 31, 2023, reflecting a growth of 6.32%[24] - Retained earnings grew to $87,971 thousand as of March 31, 2024, compared to $78,775 thousand at December 31, 2023, an increase of 11.43%[24] - Total shareholders' equity increased to $423,618,000 in September 2024 from $411,974,000 in June 2024, representing a growth of 2.9%[40] - Tangible common equity rose to $338,430,000 in September 2024, up from $326,746,000 in June 2024, marking an increase of 3.1%[40] - Average tangible common equity increased to $335,434,000 in September 2024 from $322,720,000 in June 2024, a rise of 3.5%[40] Market Expansion - The company opened its 17th location in April 2024 in Austin, Texas, as part of its market expansion strategy[4] Non-GAAP Measures - The company emphasizes the importance of non-GAAP financial measures for investors to understand the financial condition, particularly tangible common equity and tangible book value per share[39] - Tangible common equity measures are being utilized for internal planning, with a focus on tangible book value per share and return on average tangible common equity[39]

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 ...