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Third Coast Bancshares, Inc.

TCBX

Third Coast Bancshares, Inc. • NASDAQ
$38.11 ▼ -0.65% (-0.25)
Market Cap $529.50 M
52w High $41.25
52w Low $25.17
Dividend Yield 0%
P/E 10.71
Volume 17.91K
Outstanding Shares 13.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $96.109M ▲ $28.863M ▲ $18.057M ▲ 18.788% ▲ $1.22 ▲ $24.015M ▲
Q2-2025 $90.873M ▲ $28.407M ▲ $16.747M ▲ 18.429% ▲ $1.12 ▲ $22.222M ▲
Q1-2025 $83.604M ▼ $27.839M ▲ $13.589M ▼ 16.254% ▲ $0.9 ▼ $18.545M ▼
Q4-2024 $88.22M ▲ $27.041M ▲ $13.733M ▲ 15.567% ▲ $0.92 ▲ $24.483M ▲
Q3-2024 $85.009M $25.327M $12.775M 15.028% $0.85 $15.259M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $493.102M ▲ $5.062B ▲ $4.548B ▲ $513.83M ▲
Q2-2025 $331.342M ▼ $4.944B ▲ $4.448B ▲ $496.115M ▲
Q1-2025 $472.093M ▼ $4.897B ▼ $4.417B ▼ $479.786M ▲
Q4-2024 $755.538M ▲ $4.942B ▲ $4.482B ▲ $460.719M ▲
Q3-2024 $550.648M $4.628B $4.177B $450.548M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $18.057M ▲ $20.745M ▲ $-109.503M ▲ $92.814M ▲ $4.056M ▲ $19.913M ▲
Q2-2025 $16.747M ▲ $13.879M ▲ $-255.583M ▼ $31.291M ▲ $-210.413M ▼ $13.621M ▲
Q1-2025 $13.589M ▼ $10.475M ▲ $-39.64M ▲ $-62.668M ▼ $-91.833M ▼ $9.985M ▲
Q4-2024 $13.733M ▲ $-3.626M ▼ $-159.96M ▼ $314.332M ▲ $150.746M ▲ $-4.221M ▼
Q3-2024 $12.775M $22.032M $-138.06M $132.587M $16.559M $21.934M

Five-Year Company Overview

Income Statement

Income Statement The bank’s income statement shows a young but fast-growing franchise. Revenue has climbed steadily each year, and profits have followed, with operating income and net income both trending upward. There was a soft patch around the IPO period, when profit per share dipped, but earnings have since rebounded and are now well above early levels. Overall, this looks like a growth story with improving efficiency, though performance is still sensitive to credit quality, interest rate cycles, and the health of Texas commercial borrowers.

Balance Sheet

Balance Sheet The balance sheet has expanded quickly, reflecting aggressive but controlled growth. Total assets and equity have risen meaningfully over the last five years, suggesting the bank is scaling while retaining a solid capital base. Cash levels appear reasonable and fairly stable, while direct debt remains modest for the size of the balance sheet, which is typical of a bank relying mainly on deposits rather than wholesale borrowing. The key questions going forward are the quality and diversification of the loan book and how well capital keeps pace with continued growth.

Cash Flow

Cash Flow Cash generation has gradually strengthened. Operating cash flow has moved from negligible levels to consistently positive, and free cash flow has turned sustainably positive after a small early shortfall. Investment spending appears light and disciplined, which supports free cash flow but also means growth is being driven more by lending activity and technology partnerships than by heavy physical expansion. The cash profile looks stable, but as with any bank, funding costs and deposit stability remain critical swing factors.

Competitive Edge

Competitive Edge Third Coast operates as a commercially focused regional bank in high-growth Texas markets, which gives it attractive local tailwinds but also exposes it to intense competition from both national and local players. Its niche is relationship-driven banking for small and mid-sized businesses, supported by a broad set of lending and treasury services. The bank has also moved into Banking-as-a-Service for fintechs and uses advanced tools like synthetic risk transfer deals, which differentiate it from many community banks. This combination of local relationships and financial sophistication is a strength, but it also adds complexity, regulatory scrutiny, and execution risk for a relatively small institution.

Innovation and R&D

Innovation and R&D Innovation is a clear pillar of the strategy, even if it doesn’t show up as classic R&D spending. The bank’s BaaS platform, powered through partners, lets fintechs plug directly into its infrastructure, opening new fee and deposit opportunities. Its use of synthetic risk transfer securitizations is unusually advanced for a bank of this size and helps manage capital and risk more efficiently. On top of that, specialized lending products and robust treasury management tools deepen relationships with business clients. The opportunity is a more diversified, tech-enabled revenue base; the risk is that these newer lines are still maturing and carry operational and regulatory uncertainties.

Summary

Third Coast Bancshares looks like a fast-growing Texas-focused bank combining traditional relationship banking with relatively sophisticated, tech-enabled strategies. Financially, revenue and profits have climbed steadily, margins have improved after an early lull, and cash generation is now consistently positive. The balance sheet has scaled rapidly while remaining reasonably well-capitalized, with only modest use of direct debt. Competitively, the bank benefits from strong Texas markets and a specialized commercial focus, while its BaaS initiatives and risk-transfer tools set it apart from typical community banks. At the same time, this is a smaller, still-developing franchise taking on complex and innovative strategies, so its future path will depend heavily on disciplined risk management, credit quality, and careful execution of its growth and technology ambitions.

NEWS

October 28, 2025 · 5:30 PM UTC

SHAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Third Coast Bancshares, Inc. (NYSE: TCBX)

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October 27, 2025 · 8:43 AM UTC

TCBX Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Third Coast Bancshares, Inc. is Fair to Shareholders

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October 24, 2025 · 9:20 AM UTC

Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q3 2025

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October 22, 2025 · 5:00 PM UTC

Third Coast Bancshares, Inc. and Keystone Bancshares, Inc. Announce Definitive Merger Agreement

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October 22, 2025 · 4:15 PM UTC

Third Coast Bancshares, Inc. Reports 2025 Third Quarter Financial Results

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