Third Coast Bancshares, Inc. operates as a bank holding company for Third Coast Bank, SSB that provides various commercial banking solutions to small and medium-sized businesses, and professionals. The company's deposit products include demand, checking, savings, individual retirement, money market, and time accounts, as well as certificates of deposit. It also offers commercial and industrial loans, such as equipment loans, working capital lines of credit, auto finance, and commercial finance; and commercial and residential real estate, construction and development, small business administration, and consumer loans. In addition, the company provides treasury management, wealth management, online and mobile banking, night depository, safe-deposit box, automatic draft, ACH origination, positive pay, remote deposit capture, sweep, and online wire transfer services, as well as debit cards. It operates through seven branches in Greater Houston, two branches in Dallas-Fort Worth, two branches in Austin-San Antonio, and one branch in Detroit, Texas. The company was founded in 2008 and is headquartered in Humble, Texas.
IPO Year: 2021
Exchange: NASDAQ
Website: tcbssb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/11/2024 | $26.00 | Outperform | Keefe Bruyette |
| 7/28/2023 | $23.00 | Mkt Perform → Outperform | Raymond James |
| 10/6/2022 | Outperform → Mkt Perform | Raymond James | |
| 6/3/2022 | $29.00 | Outperform | Raymond James |
| 12/6/2021 | $28.00 | Hold | Deutsche Bank |
| 12/6/2021 | $32.00 | Overweight | Stephens |
| 12/6/2021 | $30.00 | Overweight | Piper Sandler |
10-Q - Third Coast Bancshares, Inc. (0001781730) (Filer)
8-K - Third Coast Bancshares, Inc. (0001781730) (Filer)
EFFECT - Third Coast Bancshares, Inc. (0001781730) (Filer)
S-3 - Third Coast Bancshares, Inc. (0001781730) (Filer)
8-K - Third Coast Bancshares, Inc. (0001781730) (Filer)
10-Q - Third Coast Bancshares, Inc. (0001781730) (Filer)
8-K - Third Coast Bancshares, Inc. (0001781730) (Filer)
8-K - Third Coast Bancshares, Inc. (0001781730) (Filer)
8-K - Third Coast Bancshares, Inc. (0001781730) (Filer)
11-K - Third Coast Bancshares, Inc. (0001781730) (Filer)
Keefe Bruyette initiated coverage of Third Coast Bancshares with a rating of Outperform and set a new price target of $26.00
Raymond James upgraded Third Coast Bancshares from Mkt Perform to Outperform and set a new price target of $23.00
Raymond James downgraded Third Coast Bancshares from Outperform to Mkt Perform
Raymond James initiated coverage of Third Coast Bancshares with a rating of Outperform and set a new price target of $29.00
Deutsche Bank initiated coverage of Third Coast Bancshares with a rating of Hold and set a new price target of $28.00
Stephens initiated coverage of Third Coast Bancshares with a rating of Overweight and set a new price target of $32.00
Piper Sandler initiated coverage of Third Coast Bancshares with a rating of Overweight and set a new price target of $30.00
Record Basic EPS of $0.85 and Diluted EPS of $0.74 HOUSTON, Oct. 23, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 third quarter financial results. 2024 Third Quarter Financial and Operational Highlights Net income totaled $12.8 million, or $0.85 and $0.74 per basic and diluted share, respectively, compared to $10.8 million, or $0.70 and $0.63 per basic and diluted share, respectively, for the second quarter of 2024.Return on average assets increased to 1.14% annualized compared to 0.97% annualized for the second quarter of 2024 and 0.56% annualized
HOUSTON, Oct. 2, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 third quarter financial results on Wednesday, October 23, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, October 24, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancshares' 2024 Third Quarter Earnings Conference Call When: Thursday, October 24, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0869 and ask for the Third Coast Bancshares, Inc. call at lea
HOUSTON, Sept. 19, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $17.25 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on October 15, 2024 to holders of record at the close of business on September 30, 2024. About Third Coast Bancshares, Inc.Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in
Completed successful IPO on November 12, 2021 Expanded community banking offices from 11 in 2021 to 18 today HOUSTON, Aug. 6, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, today announced that its Chairman and Chief Executive Officer, Bart Caraway, and other members of the Third Coast management team will ring the closing bell at the Nasdaq MarketSite in Times Square, New York on Tuesday, August 6, 2024. "Today we celebrate another milestone for our Company," said Mr. Caraway. "Thi
Record EPS of $0.70 and Diluted EPS of $0.63 in Latest Quarterly Results HOUSTON, July 24, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 second quarter financial results. 2024 Second Quarter Financial and Operational Highlights Net income for the second quarter of 2024 totaled $10.8 million, or $0.70 and $0.63 per basic and diluted share, respectively, compared to $10.4 million, or $0.68 and $0.61 per basic and diluted share, respectively, for the first quarter of 2024.Return on average assets of 0.97% annualized for the second quarter of 2024 compar
HOUSTON, July 11, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 second quarter financial results on Wednesday, July 24, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, July 25, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancshares' 2024 Second Quarter Earnings Conference Call When: Thursday, July 25, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0869 and ask for the Third Coast Bancshares, Inc. call at least 10
HOUSTON, June 20, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $17.0625 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on July 15, 2024 to holders of record at the close of business on June 30, 2024. About Third Coast Bancshares, Inc.Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble,
Highlighting its Month-Long, Companywide Sustainable Habits Initiative Since 2022, over 1,075 trees have been planted in recognition of Third Coast employees. HOUSTON, April 29, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced its observance of Earth Month throughout April, showcasing its dedication to sustainability and making a significant impact for the environment. "Third Coast is dedicated to deepening its environmental consciousness in our team members and our communities," said Bart Caraway, Third Coast's President, and Chief Executive Officer. "One of the hallmarks of our Arbor Day celebration
Continued Growth Results in Record EPS of $0.68 and Diluted EPS of $0.61 HOUSTON, April 24, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 first quarter financial results. 2024 First Quarter Financial and Operational Highlights Net income for the first quarter of 2024 totaled $10.4 million, or $0.68 and $0.61 per basic and diluted share, respectively, compared to $9.7 million, or $0.62 and $0.57 per basic and diluted share, respectively, for the fourth quarter of 2023.Total assets increased $264.3 million to a record $4.66 billion as of March 31, 2024
HOUSTON, April 4, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 first quarter financial results on Wednesday, April 24, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, April 25, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancshares' 2024 First Quarter Earnings Conference Call When: Thursday, April 25, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0869 and ask for the Third Coast Bancshares, Inc. call at least 10
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Third Coast Bancshares (NASDAQ:TCBX) reported quarterly earnings of $0.63 per share which beat the analyst consensus estimate of $0.56 by 12.5 percent. This is a 18.87 percent increase over earnings of $0.53 per share from the same period last year. The company reported quarterly sales of $41.746 million which beat the analyst consensus estimate of $41.135 million by 1.49 percent. This is a 14.76 percent increase over sales of $36.376 million the same period last year.
Third Coast Bancshares (NASDAQ:TCBX) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.49 by 24.49 percent. This is a 10.91 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $40.422 million which beat the analyst consensus estimate of $39.301 million by 2.85 percent. This is a 16.38 percent increase over sales of $34.732 million the same period last year.
Third Coast Bancshares (NASDAQ:TCBX) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.49 by 24.49 percent.
Raymond James analyst Michael Rose maintains Third Coast Bancshares (NASDAQ:TCBX) with a Outperform and raises the price target from $20 to $22.
Third Coast Bancshares (NASDAQ:TCBX) reported quarterly earnings of $0.57 per share which beat the analyst consensus estimate of $0.48 by 18.75 percent. This is a 29.55 percent increase over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $39.49 million which beat the analyst consensus estimate of $38.13 million by 3.56 percent. This is a 16.47 percent increase over sales of $33.90 million the same period last year.
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Third Coast Bancshares (NASDAQ:TCBX) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here's what investors need to know before the announcement. Analysts estimate that Third Coast Bancshares will report an earnings per share (EPS) of $0.48. Third Coast Bancshares bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.17, which was fol
Keefe, Bruyette & Woods analyst Brady Gailey initiates coverage on Third Coast Bancshares (NASDAQ:TCBX) with a Outperform rating and announces Price Target of $26.
Stephens & Co. analyst Matt Olney maintains Third Coast Bancshares (NASDAQ:TCBX) with a Overweight and lowers the price target from $23 to $20.
Record Basic EPS of $0.85 and Diluted EPS of $0.74 HOUSTON, Oct. 23, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 third quarter financial results. 2024 Third Quarter Financial and Operational Highlights Net income totaled $12.8 million, or $0.85 and $0.74 per basic and diluted share, respectively, compared to $10.8 million, or $0.70 and $0.63 per basic and diluted share, respectively, for the second quarter of 2024.Return on average assets increased to 1.14% annualized compared to 0.97% annualized for the second quarter of 2024 and 0.56% annualized
HOUSTON, Oct. 2, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 third quarter financial results on Wednesday, October 23, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, October 24, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancshares' 2024 Third Quarter Earnings Conference Call When: Thursday, October 24, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0869 and ask for the Third Coast Bancshares, Inc. call at lea
HOUSTON, Sept. 19, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $17.25 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on October 15, 2024 to holders of record at the close of business on September 30, 2024. About Third Coast Bancshares, Inc.Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in
Completed successful IPO on November 12, 2021 Expanded community banking offices from 11 in 2021 to 18 today HOUSTON, Aug. 6, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, today announced that its Chairman and Chief Executive Officer, Bart Caraway, and other members of the Third Coast management team will ring the closing bell at the Nasdaq MarketSite in Times Square, New York on Tuesday, August 6, 2024. "Today we celebrate another milestone for our Company," said Mr. Caraway. "Thi
Record EPS of $0.70 and Diluted EPS of $0.63 in Latest Quarterly Results HOUSTON, July 24, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 second quarter financial results. 2024 Second Quarter Financial and Operational Highlights Net income for the second quarter of 2024 totaled $10.8 million, or $0.70 and $0.63 per basic and diluted share, respectively, compared to $10.4 million, or $0.68 and $0.61 per basic and diluted share, respectively, for the first quarter of 2024.Return on average assets of 0.97% annualized for the second quarter of 2024 compar
HOUSTON, July 11, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 second quarter financial results on Wednesday, July 24, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, July 25, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancshares' 2024 Second Quarter Earnings Conference Call When: Thursday, July 25, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0869 and ask for the Third Coast Bancshares, Inc. call at least 10
HOUSTON, June 20, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $17.0625 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on July 15, 2024 to holders of record at the close of business on June 30, 2024. About Third Coast Bancshares, Inc.Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble,
Continued Growth Results in Record EPS of $0.68 and Diluted EPS of $0.61 HOUSTON, April 24, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 first quarter financial results. 2024 First Quarter Financial and Operational Highlights Net income for the first quarter of 2024 totaled $10.4 million, or $0.68 and $0.61 per basic and diluted share, respectively, compared to $9.7 million, or $0.62 and $0.57 per basic and diluted share, respectively, for the fourth quarter of 2023.Total assets increased $264.3 million to a record $4.66 billion as of March 31, 2024
HOUSTON, April 4, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 first quarter financial results on Wednesday, April 24, 2024 after the market closes. Management has scheduled a conference call and webcast on Thursday, April 25, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these financial results. What: Third Coast Bancshares' 2024 First Quarter Earnings Conference Call When: Thursday, April 25, 2024 at 11:00 a.m. Eastern / 10:00 a.m. Central How: Live via phone – By dialing 201-389-0869 and ask for the Third Coast Bancshares, Inc. call at least 10
HOUSTON, March 21, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $16.875 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on April 15, 2024 to holders of record at the close of business on March 31, 2024. About Third Coast Bancshares, Inc.Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble