Third Coast Bancshares, Inc.
- Open
- 40.61
- Day high
- 40.74
- Day low
- 39.98
- Prev close
- 40.62
- Volume
- 99K
- Mkt cap
- $664M
- P/E (TTM)
- 8.7
- EPS (TTM)
- $4.58
- P/B
- 1.0
- P/S
- 1.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$101K over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Third Coast Bancshares, Inc. (TCBX) is a Financial Services company listed on NASDAQ. The stock is up 11% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4).
Third Coast Bancshares, Inc. (TCBX) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
TCBX earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $0.84 | $0.88 | +4.8% | $58M | -0.5% |
| Jan 21, 2026 | $0.90 | $1.02 | +13.3% | $56M | +0.9% |
| Oct 22, 2025 | $0.80 | $1.03 | +28.7% | $54M | +5.5% |
| Jul 23, 2025 | $0.75 | $0.96 | +28.0% | $52M | +7.1% |
| Apr 23, 2025 | $0.70 | $0.78 | +11.4% | $46M | -3.2% |
| Jan 22, 2025 | $0.68 | $0.79 | +16.2% | $46M | +5.1% |
| Oct 23, 2024 | $0.54 | $0.74 | +37.0% | $43M | +2.4% |
| Jul 24, 2024 | $0.57 | $0.63 | +10.5% | $42M | +1.5% |
| Jan 25, 2024 | $0.47 | $0.57 | +21.3% | $39M | +3.1% |
| Oct 25, 2023 | $0.49 | $0.32 | -34.7% | $37M | -0.8% |
| Jul 26, 2023 | $0.50 | $0.53 | +6.0% | $36M | +1.0% |
| Mar 15, 2023 | — | $0.55 | — | $53M | — |
TCBX insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | Glander Troy Andrewdirector | Sell | 2,500 | $40.29 |
| May 26, 2026 | Bonnen Dennisdirector | Grant | 1,318 | — |
| May 26, 2026 | Bonnen Gregdirector | Grant | 1,318 | — |
| May 26, 2026 | Basaldua Martindirector | Grant | 1,318 | — |
| May 26, 2026 | Greenleaf Clint Tuxberrydirector | Grant | 1,318 | — |
| May 26, 2026 | Glander Troy Andrewdirector | Grant | 1,318 | — |
| May 26, 2026 | Phelps David Rdirector | Grant | 1,318 | — |
| May 26, 2026 | Stunja Josephdirector | Grant | 1,318 | — |
| May 26, 2026 | Eisenhart Lynndirector | Grant | 1,318 | — |
| May 26, 2026 | Bailey Carolyndirector | Grant | 1,318 | — |
| May 26, 2026 | Stich Marydirector | Grant | 1,318 | — |
| May 26, 2026 | Swinbank Reagandirector | Grant | 1,318 | — |
| May 8, 2026 | McDonald Sheltondirector | Option | 6,000 | $16.43 |
| Mar 17, 2026 | Spaulding Audreyofficer: See Remarks | Grant | 1,338 | — |
| Mar 17, 2026 | Eber Lizofficer: See Remarks | Grant | 1,338 | — |
Source: TCBX SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full TCBX insider & 13F page →Third Coast Bancshares, Inc. company profile
Overview
Third Coast Bancshares, Inc. (NASDAQ:TCBX) is a regional bank holding company founded in 2008 and headquartered in Humble, Texas. The company operates through its subsidiary Third Coast Bank, SSB, providing commercial banking services primarily to small and medium-sized businesses and professionals across Texas markets. Third Coast went public in November 2021 and has since focused on expanding its presence in major Texas metropolitan areas including Greater Houston, Dallas-Fort Worth, and Austin-San Antonio corridors. The bank operates 19 branch locations and has grown significantly since its IPO, with total assets reaching $4.9 billion as of December 2024.
Business
Third Coast Bancshares operates as a traditional regional commercial bank, focusing primarily on relationship-based banking services for small and medium-sized businesses. Commercial banking involves accepting deposits from customers and lending those funds to borrowers, earning profit from the interest rate spread between what the bank pays depositors and what it charges borrowers. The company's core services include deposit products such as checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. These deposit accounts serve as the bank's primary funding source, with approximately 75% held in variable-rate money market accounts that allow the bank flexibility in managing interest costs. On the lending side, Third Coast maintains a diversified loan portfolio with the following composition: Commercial and Industrial (C&I) loans represent 38% of the portfolio, providing working capital and equipment financing to businesses. Construction, Development, and Land loans comprise 22% of the portfolio, serving real estate developers and builders. Commercial Real Estate loans are split between Owner-Occupied properties (11%) and Non-Owner-Occupied properties (16%). The bank maintains relatively low exposure to potentially volatile sectors, with office properties representing only 3.3% of the portfolio, medical office at 1.3%, and multifamily properties at 3.3%. Additional services include treasury management solutions for business customers, online and mobile banking platforms, wire transfer services, safe deposit boxes, and debit card services. The bank also provides specialized services through its Small Business Investment Company (SBIC) subsidiary, which generates fee income through investment activities.
Revenue model
Third Coast Bancshares generates revenue primarily through net interest income, which is the difference between interest earned on loans and investments and interest paid on deposits and borrowings. This traditional banking model relies on the net interest margin - the spread between borrowing and lending rates. In 2024, the bank achieved net interest income of approximately $165 million, representing the vast majority of its revenue. The bank's customers are primarily small and medium-sized businesses, professionals, and commercial real estate developers in Texas markets. These customers pay interest on loans typically priced at SOFR (Secured Overnight Financing Rate) plus 300 basis points, currently averaging around 8-8.5% depending on the business segment and risk profile. Secondary revenue streams include fee income from treasury management services, loan origination fees, and investment activities through the bank's SBIC subsidiary. Fee income typically generates around $2.5 million quarterly, though SBIC fees can be variable based on investment performance. Several factors influence the bank's profitability margins. Interest rate environment significantly impacts both funding costs and loan yields - the bank positions itself to be slightly liability-sensitive, meaning falling rates would generally benefit margins as deposit costs decline faster than loan yields. Credit quality directly affects profitability through loan loss provisions and charge-offs, though Third Coast has maintained strong credit metrics with current-year charge-offs at only 9 basis points. Deposit competition in Texas markets can pressure funding costs, while loan demand from the bank's target market of growing Texas businesses drives volume growth. Operational efficiency remains crucial, with management targeting an efficiency ratio below 60% through their "1% improvement initiative" focusing on expense management and process optimization.
Competitive moat
Third Coast Bancshares operates in the highly competitive regional banking sector with limited sustainable competitive advantages. The bank's primary moat lies in its relationship-based banking model and deep knowledge of Texas markets, particularly in serving small and medium-sized businesses that value personalized service and local decision-making. This relationship banking approach can create switching costs for customers who develop multi-product relationships including lending, deposits, and treasury management services. The bank's geographic concentration in high-growth Texas markets provides some advantage, as these areas have experienced above-average population and business growth. However, this concentration also creates risk from regional economic downturns. Third Coast's focus on commercial and industrial lending to established businesses rather than speculative real estate development provides some stability compared to banks with higher-risk loan concentrations. The competitive landscape presents significant challenges to the bank's moat. Larger regional and national banks can offer more sophisticated products, better technology platforms, and more competitive pricing due to economies of scale. Credit unions and community development financial institutions often provide strong competition for small business banking with favorable pricing. Fintech companies and digital-first banks are increasingly encroaching on traditional banking relationships, particularly for younger business owners who prioritize convenience and digital capabilities over personal relationships. Regulatory barriers provide some protection by making it difficult for new competitors to enter the banking market, but existing competitors face the same barriers. The bank's relatively small size ($4.9 billion in assets) limits its ability to compete on price and sophisticated product offerings compared to larger institutions. Overall, Third Coast's moat is narrow and primarily dependent on execution excellence and relationship management rather than structural competitive advantages.
Risks & safety
Third Coast Bancshares presents a moderate margin of safety profile with strong liquidity but some valuation and operational considerations. • Liquidity and Solvency: The bank maintains strong liquidity with $371 million in cash and short-term investments (7.5% of total assets). Total capital ratio remains healthy, though the bank carries $133 million in senior debt. Net cash flow from operations was negative $3.6 million in Q4 2024, primarily due to loan growth outpacing deposit growth, but full-year operating cash flow was positive $35 million. • Credit Quality: Asset quality remains strong with nonperforming loans at 0.65% of total loans and current-year charge-offs at only 9 basis points. The allowance for credit losses has been maintained at appropriate levels relative to the loan portfolio. • Valuation Metrics: Trading at 8.5x trailing earnings and 1.0x book value, the stock appears reasonably valued for a regional bank. Return on equity of 10.3% in 2024 demonstrates solid profitability, though below peer averages for high-performing regional banks. • Operational Risks: The bank's efficiency ratio of 58.8% is improving but still above best-in-class regional banks. Heavy concentration in Texas markets creates geographic risk, while the upcoming core banking system conversion to FIS in mid-2025 presents execution risk. • Interest Rate Sensitivity: The bank's liability-sensitive position provides some protection in a declining rate environment but could pressure margins if rates rise unexpectedly.
Recent development
Over the past several years, Third Coast Bancshares has undergone significant strategic transformation focused on operational efficiency and profitable growth. The bank implemented a comprehensive "1% improvement initiative" beginning in 2023, aimed at enhancing efficiency across all business operations. This initiative has successfully reduced the efficiency ratio from over 75% in late 2021 to 58.8% by Q4 2024, achieved through selective workforce reductions, process optimization, and technology investments. Geographic expansion has been a key strategic focus, with the bank opening new branches in Austin and The Woodlands to strengthen its presence in high-growth Texas markets. The branch network has expanded to 19 locations across Greater Houston, Dallas-Fort Worth, and Austin-San Antonio corridors, positioning the bank to capture business growth in these dynamic markets. The bank has made significant technology investments to modernize operations and improve customer experience. Key implementations include a new credit delivery platform, integrated risk management software, and an enhanced account origination solution. Most significantly, Third Coast is planning a major core banking system conversion from Jack Henry to FIS in mid-2025, which management expects will provide enhanced functionality, improved deposit-taking capabilities, and long-term cost savings. Portfolio optimization efforts included winding down the Auto Finance division to focus resources on higher-margin commercial lending relationships. The bank has maintained disciplined loan pricing at SOFR plus 300 basis points while achieving consistent quarterly loan growth of $50-100 million. Deposit growth strategies have emphasized treasury management services and multi-product business relationships to reduce funding costs and improve customer retention. Credit quality management has remained a priority throughout this growth phase, with the bank maintaining strong underwriting standards and achieving one of the lowest charge-off rates in the regional banking sector at 9 basis points annually.
TCBX company profile · for informational purposes only — not investment advice.
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