Group 1 - The banking sector has faced significant challenges due to turbulent economic conditions, including inflation and interest rate hikes, leading to events such as the SVB collapse and a banking crisis in H123 [1] - Borrowing issues and deposit runs peaked during this period, indicating a severe impact on the banking industry [1] Group 2 - The logistics sector has been a focus for investment, with a particular interest in banks, telecommunications, and hotels, reflecting a diversified investment strategy [1] - The analyst has experience in both the ASEAN and US markets, indicating a broad geographical investment approach [1]

Group 1 - The article highlights Third Coast Bancshares (NASDAQ: TCBX) as an attractive investment opportunity within the financial sector [1] - Crude Value Insights focuses on cash flow and companies in the oil and natural gas industry, emphasizing value and growth prospects [1] - The service offers subscribers access to a 50+ stock model account and in-depth cash flow analyses of exploration and production firms [2]

Core Insights - Third Coast Bancshares, Inc. reported a net income of $13.7 million for Q4 2024, an increase from $12.8 million in Q3 2024, resulting in a basic EPS of $0.92 and a diluted EPS of $0.79 [1][6] - The growth in net income was primarily driven by higher net interest income, attributed to loan growth and increased investments in federal funds sold and interest-bearing deposits with correspondent banks [1] - The company experienced a year-over-year increase in its loan portfolio of $327.6 million, indicating strong growth [6] - The efficiency ratio improved to 58.80% from 59.57% in the previous quarter, reflecting the company's focus on operational efficiency [6] - The company is expected to continue prioritizing operational efficiency through its 1% improvement initiative, which is anticipated to support its performance in the current macroeconomic environment [1]

Financial Data and Key Metrics Changes - The company reported its Q4 and full year 2024 results during the conference call, indicating a focus on financial performance [2] - Specific financial metrics and changes were not detailed in the provided content [3] Business Line Data and Key Metrics Changes - No specific data or changes regarding individual business lines were mentioned in the provided content [3] Market Data and Key Metrics Changes - The conference call did not provide specific market data or changes in key metrics [3] Company Strategy and Development Direction and Industry Competition - The management team, including the CEO and CFO, was present to discuss the company's strategic direction, although specific strategies were not detailed in the provided content [2] Management's Comments on Operating Environment and Future Outlook - Management's comments included a reminder that the information discussed was as of January 23, 2025, and may not be accurate for future reference [3] Other Important Information - The call included housekeeping items such as the availability of a replay of the call and a reminder about forward-looking statements [2][3] Q&A Session All Questions and Answers Question: Inquiry about financial performance - Specific questions regarding financial performance were not included in the provided content [3]

Group 1: Earnings Performance - Third Coast Bancshares reported quarterly earnings of $0.79 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and up from $0.57 per share a year ago, representing an earnings surprise of 14.49% [1] - The company has surpassed consensus EPS estimates for four consecutive quarters [2] - The revenue for the quarter ended December 2024 was $46.31 million, surpassing the Zacks Consensus Estimate by 6.43%, compared to $39.49 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - Third Coast Bancshares shares have declined approximately 1% since the beginning of the year, while the S&P 500 has gained 2.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.68 on revenues of $44.1 million, and for the current fiscal year, it is $2.78 on revenues of $179.36 million [7] - The Zacks Industry Rank for Banks - Southeast is in the top 24% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] Group 3: Estimate Revisions and Future Expectations - The estimate revisions trend for Third Coast Bancshares is mixed, leading to a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Net income for Q4 2024 totaled $13.7 million, an increase from $12.8 million in Q3 2024 and $9.7 million in Q4 2023[4] - Net interest income reached $43.4 million, up 7.6% from $40.4 million in Q3 2024 and 16.4% from $37.3 million in Q4 2023[10] - Noninterest income totaled $10,621,000 for the year ended December 31, 2024, up from $8,205,000 in 2023, representing a growth of 29.4%[29] - Net income available to common shareholders for the year ended December 31, 2024, was $42,922,000, compared to $28,665,000 in 2023, indicating a year-over-year increase of 49.8%[29] - Basic earnings per share for the year ended December 31, 2024, was $3.14, up from $2.11 in 2023, marking a significant increase of 48.8%[29] - Basic earnings per share increased to $0.92 for the three months ended December 31, 2024, compared to $0.85 for the same period in 2023, representing a growth of 8.24%[32] - The diluted earnings per share for the quarter was $0.79, an increase from $0.74 in the same quarter of 2023, reflecting a growth of 6.76%[32] - Net income for the three months ended December 31, 2024, was $13,733,000, compared to $12,775,000 in the previous quarter, indicating a quarter-over-quarter increase of 7.5%[29] Asset and Liability Growth - Total assets increased by $546.4 million to $4.94 billion, representing a 12.4% growth year-over-year[4] - Total assets reached $4,942,446 thousand as of December 31, 2024, up from $4,627,770 thousand in the previous quarter, representing a growth of 6.78%[27] - Total liabilities increased to $4,481,727 thousand, up from $4,177,222 thousand, reflecting a growth of 7.27%[27] - Total liabilities increased to $4,354.8 million as of December 31, 2024, from $4,023.8 million as of September 30, 2024, reflecting a growth of 8.2%[36] - Shareholders' equity grew to $460,719 thousand, up from $450,548 thousand, marking a 0.26% increase[27] - Shareholders' equity rose to $460.2 million as of December 31, 2024, compared to $446.1 million as of September 30, 2024, indicating an increase of 3.4%[36] Loan and Deposit Activity - Gross loans grew by $327.6 million to $3.97 billion, a 9.0% increase compared to $3.64 billion as of December 31, 2023[4] - Deposits rose by $507.4 million to $4.31 billion, reflecting a 13.3% increase from $3.80 billion as of December 31, 2023[10] - Total loans increased to $3,966,425 thousand in Q4 2024, up from $3,889,831 thousand in Q3 2024, representing a growth of 2.97%[43] - Nonperforming loans increased to $27.9 million, with a nonperforming loans to total loans ratio of 0.70% as of December 31, 2024[15] - Nonperforming loans rose to $27,946 thousand in Q4 2024, compared to $24,044 thousand in Q3 2024, indicating an increase of 12.06%[43] - Noninterest bearing deposits increased to $602,082 thousand, a significant rise of 22.91% from $489,822 thousand[27] - Interest bearing deposits also saw an increase to $3,708,416 thousand, up 5.8% from $3,504,616 thousand[27] Efficiency and Ratios - The efficiency ratio improved to 58.80% for Q4 2024, down from 59.57% in Q3 2024 and 66.89% in Q4 2023[13] - Return on average assets was 1.13% for the quarter ended December 31, 2024, slightly down from 1.14% in the previous year[32] - Return on average common equity improved to 12.66% in Q4 2024, up from 12.12% in Q4 2023, indicating a year-over-year increase of 4.46%[32] - Total capital to risk-weighted assets ratio was 12.68% as of December 31, 2024, slightly down from 12.80% in the previous year[32] - The allowance for credit losses was $40,304 thousand, slightly up from $39,683 thousand in the previous quarter[27] - The allowance for loan losses increased to $39.9 million as of December 31, 2024, from $38.4 million as of September 30, 2024[36] Future Outlook and Strategic Initiatives - The company opened three de novo branches in Austin, The Woodlands, and Houston, Texas[10] - Looking ahead, the company aims to sustain momentum by innovating and adapting to evolving market conditions[6] - Tangible Common Equity and related non-GAAP measures are used for internal planning and forecasting purposes, highlighting the company's focus on tangible financial metrics[44] - The company emphasizes the importance of understanding non-GAAP financial measures in comparison to GAAP measures for a clearer financial condition assessment[45]

Core Insights - Third Coast Bancshares, Inc. reported a year-over-year growth in Book Value of 12.8% and Tangible Book Value of 13.6% for 2024 [1] Financial Highlights - For Q4 2024, net income was $13.7 million, up from $12.8 million in Q3 2024 and $9.7 million in Q4 2023 [6][8] - Basic and diluted earnings per share for Q4 2024 were $0.92 and $0.79, respectively, compared to $0.85 and $0.74 in Q3 2024 and $0.62 and $0.57 in Q4 2023 [7][8] - Net interest income for Q4 2024 was $43.4 million, a 7.6% increase from $40.4 million in Q3 2024 and a 16.4% increase from $37.3 million in Q4 2023 [10] - Total assets increased by $546.4 million to $4.94 billion, representing a 12.4% growth year-over-year [8] - Deposits rose by $507.4 million to $4.31 billion, a 13.3% increase from $3.80 billion as of December 31, 2023 [8] Operational Metrics - The efficiency ratio improved to 58.80% in Q4 2024 from 59.57% in Q3 2024 and 66.89% in Q4 2023 [13] - Return on average assets was 1.13% annualized for Q4 2024, compared to 1.14% in Q3 2024 and 0.90% in Q4 2023 [8][27] - The net interest margin for Q4 2024 was 3.71%, slightly down from 3.73% in Q3 2024 but up from 3.61% in Q4 2023 [9][27] Loan and Deposit Composition - Gross loans increased to $3.97 billion, up $76.6 million or 2.0% from Q3 2024 and $327.6 million or 9.0% from Q4 2023 [14] - Noninterest-bearing demand deposits increased to $602.1 million, representing 14.0% of total deposits as of December 31, 2024 [17] - The average cost of deposits decreased to 3.83% for Q4 2024, down 35 basis points from Q3 2024 [18] Asset Quality - Nonperforming loans increased to $27.9 million, with a nonperforming loans to total loans ratio of 0.70% as of December 31, 2024 [15][16] - The provision for credit loss for Q4 2024 was $1.2 million, with an allowance for credit losses of $40.3 million, representing 1.02% of gross loans [16]

Core Points - Third Coast Bancshares, Inc. will report its 2024 fourth quarter and full year financial results on January 22, 2025, after market close [1] - A conference call and webcast to discuss these financial results is scheduled for January 23, 2025, at 11:00 a.m. Eastern Time [1][2] - The company operates primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank [3] Company Overview - Third Coast Bancshares, Inc. is a Texas-based bank holding company founded in 2008, with operations through 19 branches in the four largest metropolitan areas in Texas [3] - The company focuses on commercial banking services [3]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Third Coast Bancshares, Inc. (TCBX) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings est ...