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Third Coast Bancshares, Inc.
TCBXCIK 0001781730NYSEEmerging GrowthSavings Institutions, Not Federally CharteredTexasFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$66.29M
Total Assets
$5.34B
Equity
—
Shares Out
16.59M
Op. Cash Flow
$50.84M
Business
Third Coast Bancshares, Inc. is a bank holding company operating through its subsidiary bank, focusing on commercial banking solutions for small and medium-sized businesses and professionals. The company offers lending products, core deposits (checking, savings, money market, CDs, IRAs), and ancillary banking services including online and mobile banking, treasury management, and merchant services. Third Coast operates primarily through community banking and middle-market verticals across three complementary metropolitan markets: Greater Houston, Dallas-Fort Worth, and Austin-San Antonio, with additional branches in select Texas locations.
Summary from 10-K filed 2026-03-04
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans, including fees | 316 | 295 | 249 | 146 | 99 | |
| Investment securities available-for-sale | 24 | 17 | 8 | 4 | 1 | |
| Investment securities held-to-maturity | 7 | — | — | — | — | |
| Federal funds sold and other | 7 | 16 | 9 | 4 | 686,000 | |
| Total interest income | 354 | 328 | 267 | 154 | 101 | |
| Deposit accounts | 150 | 160 | 115 | 31 | 9 | |
| FHLB advances and other borrowings | 8 | 8 | 12 | 7 | 2 | |
| Total interest expense | 159 | 168 | 127 | 37 | — | |
| Net interest (expense) income | 195 | 161 | 140 | 116 | 91 | |
| Provision for credit losses | 8 | 6 | 6 | 12 | 10 | |
| Net interest income after provision for credit losses | 188 | 155 | 133 | 104 | 81 | |
| Services charges and fees | 11 | 7 | 3 | 3 | 2 | |
| Earnings on bank-owned life insurance | 3 | 2 | 2 | 1 | 567,000 | |
| (Loss) gain on sale of investment securities available-for-sale | −610,000 | −4,000 | 482,000 | 0 | — | |
| Gain on sales of SBA loans | 74,000 | 30,000 | 440,000 | 950,000 | 586,000 | |
| Other | 413,000 | 1 | 2 | 2 | 538,000 | |
| Total noninterest income | 14 | 11 | 8 | 7 | 5 | |
| Salaries and employee benefits | 77 | 65 | 62 | 57 | 49 | |
| Occupancy and equipment expense | 11 | 11 | 10 | 9 | 5 | |
| Legal and professional | 7 | 6 | 8 | 7 | 5 | |
| Data processing and network expense | 5 | 5 | 5 | 4 | 3 | |
| Regulatory assessments | 5 | 4 | 3 | 3 | 1 | |
| Advertising and marketing | 2 | 2 | 3 | 2 | 2 | |
| Software purchases and maintenance | 5 | 5 | 4 | 1 | 852,000 | |
| Loan operations and other real estate owned expense | 1 | 904,000 | 673,000 | — | — | |
| Telephone and communications | 550,000 | 585,000 | 510,000 | 496,000 | 595,000 | |
| Other | 5 | 5 | 5 | 4 | 2 | |
| Total noninterest expense | 119 | 104 | 100 | 88 | 71 | |
| Net income before income tax expense | 83 | 61 | 42 | 23 | 14 | |
| Income tax expense | 17 | 14 | 8 | 5 | 3 | |
| Net income | 66 | 48 | 33 | 19 | 11 | |
| Preferred stock dividends declared | 5 | 5 | 5 | −1 | — | |
| Net income available to common shareholders | 62 | 43 | 29 | 17 | 11 | |
| Basic earnings per share | 4.45 | 3.14 | 2.11 | 1.28 | 1.45 | |
| Diluted earnings per share | 3.79 | 2.78 | 1.98 | 1.25 | 1.4 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 175 | 371 | 297 | 330 | 327 | |
| Federal funds sold | 6 | 50 | 115 | 2 | 292,000 | |
| Total cash and cash equivalents | 181 | 421 | 412 | 332 | 327 | |
| Interest bearing time deposits in other banks | 267,000 | 356,000 | — | — | 131,000 | |
| Investment securities available for sale | 383 | 384 | 178 | 176 | 26 | |
| Investment securities held-to-maturity | 192 | 0 | — | — | — | |
| Loans, net of allowance for credit losses of $40,304 and $37,022 at December 31, 2025 and 2024, respectively | 4,351 | 3,926 | 3,602 | — | — | |
| Accrued interest receivable | 29 | 26 | 23 | 18 | 10 | |
| Premises and equipment, net | 25 | 26 | 29 | 29 | 19 | |
| Other real estate owned | 8 | 862,000 | — | — | — | |
| Bank-owned life insurance | 76 | 68 | 66 | 61 | 27 | |
| Non-marketable equity securities, at cost | 16 | 16 | 16 | 15 | 8 | |
| Deferred tax asset, net | 6 | 11 | 9 | 6 | 4 | |
| Derivative assets | 3 | 6 | 9 | 9 | — | |
| Right-of-use asset - operating leases | 17 | 20 | 21 | 18 | — | |
| Goodwill and other intangible assets | 19 | 19 | 19 | — | — | |
| Other assets | 33 | 17 | 12 | 13 | 8 | |
| Total assets | 5,341 | 4,942 | 4,396 | 3,773 | 2,499 | |
| Noninterest bearing | 495 | 602 | 460 | 486 | 531 | |
| Interest bearing | 4,132 | 3,708 | 3,344 | 2,750 | 1,610 | |
| Total deposits | 4,627 | 4,310 | 3,803 | 3,236 | 2,141 | |
| Accrued interest payable | 6 | 6 | 5 | 3 | 437,000 | |
| Derivative liabilities | 3 | 9 | 11 | 9 | — | |
| Lease liability - operating leases | 18 | 21 | 22 | 18 | — | |
| Other liabilities | 37 | 24 | 24 | 14 | 7 | |
| Line of credit - Senior Debt | 38 | 31 | 39 | 31 | 1 | |
| Note payable - Subordinated Debentures, net | 81 | 81 | 81 | 80 | — | |
| Total liabilities | 4,810 | 4,482 | 3,984 | 3,391 | 2,200 | |
| Commitments and contingent liabilities - See Notes 10 and 19 | — | — | — | — | — | |
| Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at December 31, 2025 and 2024, respectively | 69,000 | 69,000 | 69,000 | 69,000 | — | |
| Common stock, $1 par value; 50,000,000 shares authorized; 13,969,517 and 13,848,242 issued; and 13,891,055 and 13,769,780 outstanding at December 31, 2025 and 2024, respectively | 14 | 14 | 14 | 14 | 13 | |
| Additional paid-in capital | 324 | 322 | 320 | 318 | 249 | |
| Retained earnings | 183 | 122 | 79 | 53 | 36 | |
| Accumulated other comprehensive income | 11 | 5 | 933,000 | −2 | 1 | |
| Treasury stock: at cost; 78,462 shares at December 31, 2025 and 2024, respectively | −1 | −1 | −1 | −1 | −1 | |
| Total shareholders' equity | 531 | 461 | 412 | 382 | 299 | |
| Total liabilities & shareholders' equity | 5,341 | 4,942 | 4,396 | 3,773 | 2,499 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net income | 66 | 48 | 33 | 19 | 11 | |
| Changes in deferred tax, net | 3 | −3 | −3 | −1 | −380,000 | |
| Share based compensation expense | 2 | 2 | 2 | 1 | 659,000 | |
| (Write-up) write-down of other real estate owned | −219,000 | 57,000 | 0 | — | — | |
| Write-down of fixed assets | 9,000 | — | — | — | — | |
| Accretion of discount on securities, net | −2 | −1 | −409,000 | 392,000 | 34,000 | |
| Accretion of gain on terminated cash flow hedges | −3 | −3 | −2 | −401,000 | −180,000 | |
| Accretion of SBA Paycheck Protection Program fees | — | — | −23,000 | −2 | −19 | |
| Accretion of loan fees | −17 | −8 | −4 | −3 | — | |
| Amortization of subordinated debt origination costs | 206,000 | 206,000 | 205,000 | 154,000 | — | |
| Depreciation and amortization | 5 | 5 | 4 | 3 | — | |
| Net change in operating leases | 27,000 | 196,000 | 504,000 | 337,000 | — | |
| Net change in derivative assets and liabilities | 579,000 | −298,000 | 310,000 | 8,000 | — | |
| Accrued interest receivable and other assets | −21 | −8 | −4 | −13 | — | |
| Accrued interest payable and other liabilities | 12 | 504,000 | 10 | 8 | 337,000 | |
| Net cash provided by operating activities | 51 | 35 | 39 | 22 | 5 | |
| Net decrease (increase) in interest bearing deposits in other banks | 89,000 | −356,000 | — | 131,000 | −2,000 | |
| Net (purchase) sale of non-marketable equity securities | −444,000 | 61,000 | −1 | −8 | −3 | |
| Purchases | −5,234 | −4,278 | −3,117 | −2,159 | −1,997 | |
| Sales | 74 | 36 | 14 | — | — | |
| Maturities, calls and principal paydowns | 5,170 | 4,039 | 3,104 | 2,002 | 1,997 | |
| Purchases of investment securities held-to-maturity | −192 | — | — | — | — | |
| Proceeds from termination of derivative instruments | 2 | 6 | 5 | 3 | 945,000 | |
| Net originations on loans held for investment | −423 | −322 | −528 | −1,034 | −494 | |
| Net additions to bank premises and equipment | −3 | −2 | −3 | — | — | |
| Proceeds from sales of foreclosed assets | 655,000 | — | — | — | 1 | |
| Purchase of bank owned life insurance | −5 | — | −3 | −33 | — | |
| Net cash used in investing activities | −610 | −521 | −530 | −1,240 | −500 | |
| Net increase in deposits | 316 | 507 | 567 | 1,095 | 508 | |
| Net proceeds from (repayment of) line of credit - senior debt | 7 | −8 | 8 | 30 | −20 | |
| Registration costs for securities issued in private placement | — | −65,000 | — | — | — | |
| Proceeds from stock warrants exercised | — | — | 47,000 | — | 19,000 | |
| Forfeiture of restricted stock grants withheld to satisfy tax obligations | −32,000 | −42,000 | −22,000 | — | — | |
| Proceeds from stock options exercised | 779,000 | 656,000 | — | 672,000 | 995,000 | |
| Dividends paid on Series A preferred stock | −5 | −5 | −5 | −221,000 | — | |
| Net cash provided by financing activities | 319 | 495 | 570 | 1,223 | 619 | |
| Change in cash and cash equivalents | −240 | 9 | 80 | 5 | 123 | |
| Cash paid for interest | 159 | 166 | 125 | 35 | 11 | |
| Cash paid for federal income taxes | 22 | 15 | 9 | — | — | |
| Cash paid for state income taxes, net of refunds | 821,000 | 597,000 | — | — | — | |
| Loans transferred to other real estate owned, net | 8 | 919,000 | — | — | — | |
| Right of use lease assets obtained in exchange for operating lease liabilities | 381,000 | 877,000 | 6 | 19 | — | |
| Reclassification of investment securities from held-to-maturity to available-for-sale | 14 | — | — | — | — |
Filings
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Frequently asked questions
What is Third Coast Bancshares, Inc.'s CIK number?
Third Coast Bancshares, Inc.'s SEC CIK number is 0001781730 (1781730). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Third Coast Bancshares, Inc.'s SEC filings?
All of Third Coast Bancshares, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Third Coast Bancshares, Inc. last report earnings?
Third Coast Bancshares, Inc. (TCBX) most recently filed an earnings 8-K with the SEC on Apr 22, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-170491). This is Third Coast Bancshares, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Third Coast Bancshares, Inc.'s most recent earnings 8-K?
Third Coast Bancshares, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 22, 2026 under accession 0001193125-26-170491. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Third Coast Bancshares, Inc.'s latest earnings 8-K →
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