Third Coast Bancshares, Inc. TCBX
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.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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 | 4.45 | 3.14 | 2.11 | 1.28 | 1.45 | 1.94 | 0.62 | — |
| EPS, diluted | 3.79 | 2.78 | 1.98 | 1.25 | 1.40 | 1.91 | 0.60 | — |
| Shares, diluted (wtd. avg.) | 17.5M | 17.1M | 16.9M | 13.8M | 8.1M | 6.3M | 3.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| 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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | $2.4M | $12.1M | $11.4M | $18.7M | $33.4M | $47.7M | $66.3M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Other event Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6036
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| SMBC | SOUTHERN MISSOURI BANCORP, INC. | $792.0M | 13.9x | 11.7% |
| GCBC | GREENE COUNTY BANCORP INC | $606.3M | 19.5x | 13.5% |
| HBCP | HOME BANCORP, INC. | $483.6M | 10.5x | 4.9% |
| PBFS | Pioneer Bancorp, Inc./MD | $452.6M | 22.0x | 5.8% |