Third Coast Bancshares, Inc. TCBX

Financials SIC 6036 - Savings Institutions, Not Federally Chartered NYSE

We are a bank holding company with headquarters in Humble, Texas that operates through our wholly owned subsidiary, the Bank, and the Bank's wholly owned subsidiary, TCCC. We focus on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in our markets. Our market expertise, coupled with a deep understanding of our customers' needs, allows us to deliver tailored financial products and services. Following the completion of our merger with Keystone discussed below, we currently operate twenty branches in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, one branch in Ballinger, Texas, and one branch in Detroit, Texas. We have experienced significant organic growth since commencing banking operations in 2008, as well as growth through our 2020 merger with Heritage Bancorp, Inc. and our merger with Keystone. As of December 31, 2025, we had, on a consolidated basis, total assets of $5.34 billion, total loans of $4.39 billion, total deposits of $4.63 billion and total shareholders' equity of $531.0 million.

Last close 46.05 2026-09-04
Market cap $767.0M 2026-06-30 share count
52-week range 35.73 - 46.35

Valuation FY2025 figures against the last close

P/S
P/E12.2x
P/FCF15.1x
EV/EBITDA
Dividend yield
Diluted EPS3.79

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Interest expense $195.2M$160.8M$139.5M$116.5M$10.1M$14.4M$16.0M
Pre-tax income $82.7M$61.4M$41.6M$23.2M$14.5M$15.6M$3.2M
Income tax $16.5M$13.7M$8.2M$4.5M$3.1M$3.5M$852.0K
Net income $66.3M$47.7M$33.4M$18.7M$11.4M$12.1M$2.4M
EPS, basic 4.453.142.111.281.451.940.62
EPS, diluted 3.792.781.981.251.401.910.60
Shares, diluted (wtd. avg.) $17.5M$17.1M$16.9M$13.8M$8.1M$6.3M$3.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $175.2M$371.2M$296.9M$329.9M$326.7M$201.3M
Property, plant and equipment $24.8M$26.2M$28.6M$28.7M$19.0M$15.2M
Goodwill $18.0M$18.0M$18.0M$18.0M
Other intangibles $969.0K$1.1M$1.3M$1.5M
Total assets $5.34B$4.94B$4.40B$3.77B$2.50B$1.87B
Total liabilities $4.81B$4.48B$3.98B$3.39B$2.20B$1.75B
Retained earnings $183.2M$121.7M$78.8M$53.3M$36.0M$24.6M
Total equity $531.0M$460.7M$412.0M$381.8M$299.0M$120.4M$56.5M$54.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $50.8M$35.1M$39.1M$21.8M$4.6M-$3.7M$3.6M
Depreciation and amortisation $4.1M$4.1M$3.5M$2.6M-$270.0K$78.0K$869.0K
Stock-based compensation $1.6M$1.7M$1.6M$1.3M$659.0K$275.0K$231.0K
Capital expenditure $1.8M$3.4M$12.2M$5.6M$1.4M$3.0M
Investing cash flow -$610.2M-$520.9M-$529.5M-$1.24B-$500.1M-$500.0M-$121.7M
Financing cash flow $319.4M$495.1M$570.3M$1.22B$618.9M$611.2M$79.3M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-091656.

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