What is Third Coast Bancshares, Inc.'s earnings per share (EPS)?

Third Coast Bancshares, Inc. (TCBX) reported diluted earnings per share of $3.79 for fiscal year 2025. This represents a 36.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Third Coast Bancshares, Inc. Financials

TCBX

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Third Coast Bancshares, Inc. (TCBX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TCBX FY2025 2026-05-05

Third Coast’s earnings growth is being driven by a larger balance sheet that is generating steadily better returns.

From FY2023 to FY2025, ROA improved from 0.8% to 1.2% while leverage eased, so the earnings lift is not just a bigger balance sheet story; each dollar of assets is producing more profit. The drop in cash to $175.2M alongside net income of $66.3M suggests funds are being redeployed within the balance sheet rather than sitting idle, which is how this institution appears to be compounding returns.

Operating cash flow of $50.8M covered most of FY2025 net income of $66.3M, so earnings quality looks broadly supported by actual cash movement rather than by accounting alone. At the same time, retained earnings kept building, which means more growth capital is being generated internally instead of relying entirely on new outside funding.

With $5.34B of assets supported by only $531.0M of equity, this remains a balance-sheet-leveraged model where small changes in asset returns matter a lot. That sensitivity is currently working in its favor because return on equity reached 12.5% without leverage moving higher, indicating better asset productivity rather than a simple risk increase.

Financial Health Signals

Financial Profile 6/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Third Coast Bancshares, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

Third Coast Bancshares, Inc. has elevated debt relative to equity (D/E of 9.06), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Returns

Third Coast Bancshares, Inc.'s ROE of 12.5% shows moderate profitability relative to equity, earning a score of 35/100. This is up from 10.3% the prior year.

Piotroski F-Score Weak

3/9

Third Coast Bancshares, Inc. passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Mixed

0.77x

For every $1 of reported earnings, Third Coast Bancshares, Inc. generates $0.77 in operating cash flow ($50.8M OCF vs $66.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$66.3M

YoY+39.1%

5Y CAGR+40.5%

Third Coast Bancshares, Inc. reported $66.3M in net income in fiscal year 2025. This represents an increase of 39.1% from the prior year.

EPS (Diluted)

$3.79

YoY+36.3%

5Y CAGR+14.7%

Third Coast Bancshares, Inc. earned $3.79 per diluted share (EPS) in fiscal year 2025. This represents an increase of 36.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$175.2M

YoY-52.8%

5Y CAGR-2.7%

Third Coast Bancshares, Inc. held $175.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

14M

YoY+0.9%

5Y CAGR+17.2%

Third Coast Bancshares, Inc. had 14M shares outstanding in fiscal year 2025. This represents an increase of 0.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

12.5%

YoY+2.1pp

5Y CAGR+2.4pp

Third Coast Bancshares, Inc.'s ROE was 12.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 2.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

TCBX Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$77.2M+18.5%	$65.1M+4.7%	$62.2M+10.1%	$56.5M+16.2%	$48.6M+66.2%	$29.3M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$158.8M-5.2%	$167.6M+31.9%	$127.0M+238.8%	$37.5M+272.6%	$10.1M-29.9%	$14.4M
Income Tax	$16.5M+20.3%	$13.7M+66.6%	$8.2M+82.1%	$4.5M+47.4%	$3.1M-12.5%	$3.5M
Net Income	$66.3M+39.1%	$47.7M+42.7%	$33.4M+79.0%	$18.7M+63.3%	$11.4M-5.7%	$12.1M
EPS (Diluted)	$3.79+36.3%	$2.78+40.4%	$1.98+58.4%	$1.25-10.7%	$1.40-26.7%	$1.91

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$24.8M	N/A	$19.6M+7.6%	$18.2M-0.9%	$18.3M	N/A	$15.7M-1.5%	$15.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$43.7M	N/A	$41.7M+6.0%	$39.3M+3.5%	$38.0M	N/A	$42.3M-0.1%	$42.4M
Income Tax	$2.6M	N/A	$4.8M+11.0%	$4.3M+14.5%	$3.8M	N/A	$3.5M+1.9%	$3.4M
Net Income	$16.4M	N/A	$18.1M+7.8%	$16.7M+23.2%	$13.6M	N/A	$12.8M+18.3%	$10.8M
EPS (Diluted)	$0.88	N/A	$1.03+7.3%	$0.96+23.1%	$0.78	N/A	$0.74+17.5%	$0.63

TCBX Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$5.3B+8.1%	$4.9B+12.4%	$4.4B+16.5%	$3.8B+51.0%	$2.5B+33.9%	$1.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$175.2M-52.8%	$371.2M+25.0%	$296.9M-10.0%	$329.9M+1.0%	$326.7M+62.3%	$201.3M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$18.0M	N/A	$18.0M0.0%	$18.0M0.0%	$18.0M+0.2%	$18.0M
Total Liabilities	$4.8B+7.3%	$4.5B+12.5%	$4.0B+17.5%	$3.4B+54.1%	$2.2B+26.1%	$1.7B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$531.0M+15.3%	$460.7M+11.8%	$412.0M+7.9%	$381.8M+27.7%	$299.0M+148.3%	$120.4M
Retained Earnings	$183.2M+50.6%	$121.7M+54.5%	$78.8M+47.9%	$53.3M+47.9%	$36.0M+46.4%	$24.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$6.6B+23.2%	$5.3B+5.5%	$5.1B+2.4%	$4.9B+1.0%	$4.9B-0.9%	$4.9B+6.8%	$4.6B+3.4%	$4.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$425.2M+142.7%	$175.2M+50.5%	$116.4M+2.9%	$113.1M-48.3%	$219.0M-41.0%	$371.2M+43.8%	$258.2M+6.8%	$241.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$46.4M+157.1%	$18.0M	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.9B+23.3%	$4.8B+5.8%	$4.5B+2.3%	$4.4B+0.7%	$4.4B-1.4%	$4.5B+7.3%	$4.2B+3.4%	$4.0B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$650.5M+22.5%	$531.0M+3.3%	$513.8M+3.6%	$496.1M+3.4%	$479.8M+4.1%	$460.7M+2.3%	$450.5M+3.6%	$435.0M
Retained Earnings	$198.4M+8.3%	$183.2M+10.0%	$166.5M+11.3%	$149.7M+11.6%	$134.1M+10.2%	$121.7M+11.5%	$109.2M+11.9%	$97.6M

TCBX Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$50.8M+44.7%	$35.1M-10.1%	$39.1M+79.3%	$21.8M+375.4%	$4.6M+225.5%	-$3.7M
Capital Expenditures	N/A	$1.8M-48.6%	$3.4M-71.8%	$12.2M+116.9%	$5.6M+315.1%	$1.4M
Free Cash Flow	N/A	$33.4M-6.4%	$35.6M+271.2%	$9.6M+1026.8%	-$1.0M+79.3%	-$5.0M
Investing Cash Flow	-$610.2M-17.1%	-$520.9M+1.6%	-$529.5M+57.3%	-$1.2B-147.9%	-$500.1M0.0%	-$500.0M
Financing Cash Flow	$319.4M-35.5%	$495.1M-13.2%	$570.3M-53.4%	$1.2B+97.6%	$618.9M+1.3%	$611.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$38.7M-774.5%	$5.7M-72.3%	$20.7M+49.5%	$13.9M+32.5%	$10.5M+388.9%	-$3.6M-116.5%	$22.0M+201.7%	$7.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$25.7M+112.5%	-$205.5M-87.6%	-$109.5M+57.2%	-$255.6M-544.8%	-$39.6M+75.2%	-$160.0M-15.9%	-$138.1M-185.2%	-$48.4M
Financing Cash Flow	$263.0M+2.0%	$257.9M+177.9%	$92.8M+196.6%	$31.3M+149.9%	-$62.7M-119.9%	$314.3M+137.1%	$132.6M+165.2%	-$203.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TCBX Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	12.5%+2.1pp	10.3%+2.2pp	8.1%+3.2pp	4.9%+1.1pp	3.8%-6.2pp	10.1%
Return on Assets	1.2%+0.3pp	1.0%+0.2pp	0.8%+0.3pp	0.5%+0.0pp	0.5%-0.2pp	0.7%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.06-0.7	9.73+0.1	9.67+0.8	8.88+1.5	7.36-7.1	14.50
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	2.5%	N/A	3.5%+0.1pp	3.4%+0.5pp	2.8%	N/A	2.8%+0.4pp	2.5%
Return on Assets	0.3%	N/A	0.4%+0.0pp	0.3%+0.1pp	0.3%	N/A	0.3%+0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.12+0.1	9.06+0.2	8.85-0.1	8.96-0.2	9.21-0.5	9.73+0.5	9.27-0.0	9.29
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Third Coast Bancshares, Inc. profitable?

Yes, Third Coast Bancshares, Inc. (TCBX) reported a net income of $66.3M in fiscal year 2025.

What is Third Coast Bancshares, Inc.'s return on equity (ROE)?

Third Coast Bancshares, Inc. (TCBX) has a return on equity of 12.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Third Coast Bancshares, Inc.'s operating cash flow?

Third Coast Bancshares, Inc. (TCBX) generated $50.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Third Coast Bancshares, Inc.'s total assets?

Third Coast Bancshares, Inc. (TCBX) had $5.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Third Coast Bancshares, Inc. have outstanding?

Third Coast Bancshares, Inc. (TCBX) had 14M shares outstanding as of fiscal year 2025.

What is Third Coast Bancshares, Inc.'s debt-to-equity ratio?

Third Coast Bancshares, Inc. (TCBX) had a debt-to-equity ratio of 9.06 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Third Coast Bancshares, Inc.'s return on assets (ROA)?

Third Coast Bancshares, Inc. (TCBX) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Third Coast Bancshares, Inc.'s Piotroski F-Score?

Third Coast Bancshares, Inc. (TCBX) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Third Coast Bancshares, Inc.'s earnings high quality?

Third Coast Bancshares, Inc. (TCBX) has an earnings quality ratio of 0.77x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Third Coast Bancshares, Inc.?

Third Coast Bancshares, Inc. (TCBX) scores 6 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.