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Third Coast Bancshares, Inc. - $TCBX STOCK NEWS

Welcome to our dedicated page for Third Coast Bancshares news (Ticker: $TCBX), a resource for investors and traders seeking the latest updates and insights on Third Coast Bancshares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Third Coast Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Third Coast Bancshares's position in the market.

Rhea-AI Summary

Third Coast Bancshares, Inc. celebrates Earth Month 2024 by reinforcing its commitment to impact and sustainability through a companywide sustainable habits initiative. The company has planted over 1,075 trees since 2022, showcasing its dedication to sustainability and environmental consciousness. The corporate strategy focuses on environmental consciousness, human capital management, and community outreach, fostering a culture of corporate responsibility. Third Coast promotes sustainable habits for employees and customers, culminating in a partnership with A Living Tribute to plant 360 trees in the South Texas National Wildlife Refuge Complex. The company operates primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its subsidiary Third Coast Bank, SSB.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.22%
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Rhea-AI Summary
Third Coast Bancshares, Inc. reported a record EPS of $0.68 and diluted EPS of $0.61 for the first quarter of 2024. The company saw significant growth in total assets, gross loans, and deposits. The net interest margin was 3.60%, with a total net interest income of $38.1 million. Noninterest income was $2.3 million, while noninterest expense totaled $25.9 million. The efficiency ratio was 64.11%. The loan portfolio grew to $3.75 billion, with commercial and industrial loans leading the growth. Nonperforming loans increased to $21.7 million. Deposits reached $4.05 billion, with interest-bearing demand deposits showing growth. Overall, the company showed strong financial performance and strategic growth initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.12%
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Rhea-AI Summary
Third Coast Bancshares, Inc. (NASDAQ: TCBX) will report its 2024 first quarter financial results on April 24, 2024, with a conference call scheduled on April 25, 2024. Investors can participate via phone or webcast.
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Rhea-AI Sentiment
End-of-Day
0.47%
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Rhea-AI Summary
Third Coast Bancshares, Inc. (NASDAQ: TCBX) declares a quarterly cash dividend of $16.875 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock, payable on April 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.04%
Tags
dividends
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Rhea-AI Summary
Third Coast Bancshares, Inc. (NASDAQ: TCBX) has converted its charter from a Texas state savings bank to a Texas banking association, aiming to expand its commercial loan portfolio while maintaining high-quality banking services for customers.
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Rhea-AI Sentiment
End-of-Day
0.41%
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Rhea-AI Summary
Third Coast Bancshares, Inc. (NASDAQ: TCBX) announces Vicki Alexander as Chief Risk and Operations Officer and Liz Eber as Chief Legal Officer to drive operational excellence and risk management. Both executives to report to CEO Bart Caraway, focusing on sustainable growth and customer-first culture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
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none
Rhea-AI Summary
Third Coast Bancshares, Inc. (NASDAQ: TCBX) reported its 2023 fourth quarter and full year financial results, with total assets, gross loans, and deposits all showing significant growth. Book value per share and tangible book value per share increased, and net income for the fourth quarter of 2023 totaled $9.7 million, a 79% increase over 2022. Despite a lackluster economy and interest rate hikes, the company achieved record performance and is looking forward to opportunities in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.45%
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Rhea-AI Summary
Third Coast Bancshares, Inc. (NASDAQ: TCBX) will report its 2023 fourth quarter and full year financial results on January 25, 2024 after the market closes. A conference call and webcast are scheduled on January 26, 2024 to discuss these financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
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Rhea-AI Summary
Third Coast Bancshares, Inc. (NASDAQ: TCBX) declares a quarterly cash dividend of $17.25 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.82%
Tags
dividends
Rhea-AI Summary
Third Coast Bancshares reports Q3 2023 financial results, showing growth in total loans, total assets, and deposits. Book value per share and tangible book value per share also increased. The company implemented a cost reduction plan and expects to maintain strong asset quality metrics. Net income decreased compared to the previous quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
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Third Coast Bancshares, Inc.

Nasdaq:TCBX

TCBX Rankings

TCBX Stock Data

281.93M
12.64M
7.11%
36.83%
0.31%
Commercial Banking
Finance and Insurance
Link
United States of America
HUMBLE

About TCBX

welcome to third coast bank, where we are charting the course to success for texas business. our journey third coast bank, ssb, was launched in 2008 by a group of local entrepreneurs with a passion for supporting the business community along the texas gulf coast. since then, our bank has grown to $400 million in assets and 5 locations. we've expanded to serve more texas communities while maintaining our focus on responsive service and long-lasting relationships. we appreciate our clients, shareholders, and employees for placing their trust in us. how we serve clients our commercial banking experts provide financial support for small to mid-sized businesses across a variety of sectors including: • commercial • industrial • manufacturing • healthcare • real estate we provide working capital for businesses to build, expand, and remodel facilities, purchase equipment, and refinance/restructure existing loans. as an independent bank with local decision-making ability, we tailor each loan to