Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q4 2025

Core Insights - Third Coast Bancshares, Inc. reported a net income of $17.9 million for Q4 2025, a slight decrease from $18.1 million in Q3 2025 and an increase from $13.7 million in Q4 2024, with basic and diluted EPS of $1.21 and $1.02 respectively [1] - The decline in net income quarter-over-quarter was attributed to merger-related legal and professional expenses, as well as higher salaries and benefits, although this was partially offset by an increase in net interest income (NII) and non-margin loan fees [1] - The company is expected to continue focusing on operational efficiency, although near-term expenses may remain volatile during the early stages of the integration of Keystone [1] Financial Performance - Q4 2025 net income: $17.9 million, compared to $18.1 million in Q3 2025 and $13.7 million in Q4 2024 [1] - Basic EPS: $1.21; Diluted EPS: $1.02 [1] - NIM (Net Interest Margin) remained steady at 4.10% [6] Growth and Integration - The company has increased the low end of its deposit growth range [6] - The integration of Keystone is ongoing, with expectations of operational efficiency being prioritized [1]