Third Coast Bancshares, Inc. Announces 2025 Share Repurchase Program

Core Viewpoint - Third Coast Bancshares, Inc. has announced a new share repurchase program allowing the company to buy up to $30 million of its common stock, set to expire on May 22, 2026, with non-objection from the Federal Reserve Bank of Dallas received on June 16, 2025 [1][2]. Group 1 - The Repurchase Program permits Third Coast to buy shares through various methods including open market transactions, privately negotiated deals, and block trades, compliant with federal securities laws [2]. - The program can be modified or halted at any time by the Board of Directors and does not obligate the company to repurchase its common stock [2]. - Specifics regarding each repurchase will depend on factors such as capital status, liquidity, financial performance, stock market price, and overall market conditions [2]. Group 2 - Third Coast Bancshares, Inc. operates primarily in Texas, focusing on commercial banking through its subsidiary, Third Coast Bank, with 19 branches in major metropolitan areas [4]. - The company was founded in 2008 in Humble, Texas, and serves the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets [4].