Third Coast Bancshares, Inc. Goodwill & Intangibles Disclosure
Goodwill and other intangible assets were $18.7 million and $18.8 million as of December 31, 2025 and 2024, respectively.
Amortization expense of the core deposit intangible (“CDI”) was approximately $162,000 for each of the years ended December 31, 2025, 2024, and 2023. The remaining weighted average life is 4 years at December 31, 2025.
Scheduled amortization of CDI at December 31, 2025 are as follows:
(Dollars in thousands) |
|
CDI |
|
|
2026 |
|
$ |
162 |
|
2027 |
|
|
162 |
|
2028 |
|
|
162 |
|
2029 |
|
|
160 |
|
|
|
$ |
646 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 4, 2026 | Showing above |
| 2024 | Mar 5, 2025 | |
| 2023 | Mar 7, 2024 | |
| 2022 | Mar 15, 2023 | |
| 2021 | Mar 17, 2022 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.