Third Coast Bancshares, Inc. (TCBX) Q4 Earnings and Revenues Beat Estimates

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]