Third Coast Bancshares, Inc. Stock Price, News & Analysis

Third Coast Bancshares (NASDAQ: TCBX) has declared a quarterly cash dividend of $17.0625 per share on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The dividend will be paid on July 15, 2025 to shareholders of record as of June 30, 2025.

Third Coast Bancshares (NASDAQ: TCBX) has announced a new share repurchase program authorized by its Board of Directors. The program permits the company to repurchase up to $30 million of its common stock, with an expiration date of May 22, 2026. The Federal Reserve Bank of Dallas provided non-objection to the program on June 16, 2025. The company can execute repurchases through various methods including open market transactions, private negotiations, and block trades at management's discretion. The program's implementation details will be based on factors including capital status, liquidity, financial performance, stock price, and market conditions, with the flexibility to be modified or suspended at any time.

EJF Capital has completed a $150 million securitization transaction for Third Coast Bank (NASDAQ: TCBX), following a previous $100 million securitization in April 2025. The earlier transaction was secured by interests in eleven Residential Master Planned Communities in Texas metropolitan areas. This new transaction aims to reduce Third Coast Bank's risk-weighted assets under capital rules while diversifying their loan portfolio. EJF Capital, managing approximately $5.3 billion in assets, serves as a flexible capital solution provider for U.S. banks seeking de-risking solutions. Third Coast Bank operates 19 branches across major Texas metropolitan areas, including Houston, Dallas-Fort Worth, and Austin-San Antonio markets.

Third Coast Bank (NASDAQ: TCBX) has completed a $150 million securitization of commercial real estate loans in partnership with EJF Capital. The transaction, executed on June 3, 2025, involved the Bank creating and selling participation interests to EJF CRT 2025-2 Depositor LLC, which then transferred them to EJF CRT 2025-2 LLC. The Issuer pledged these interests to U.S. Bank Trust Company and issued Asset-Backed Notes Series 2025-2. This marks the Bank's second securitization, designed to reduce risk-weighted assets under current capital rules and decrease the ratio of construction and land development loans to total capital. EJF Capital, managing approximately $5.3 billion in assets, arranged the transaction, which aims to improve the diversity of the Bank's loan portfolio while maintaining regulatory compliance.

Third Coast Bancshares (NASDAQ: TCBX) reported Q1 2025 financial results with net income of $13.6M, slightly down from $13.7M in Q4 2024. The company achieved basic and diluted EPS of $0.90 and $0.78 respectively.

The quarterly performance was characterized by higher net interest income, supported by steady loan growth and strong asset quality. The net interest margin improved to 3.80% from 3.71% in Q4 2024, while gross loans reached $3.99 billion. However, the company faced headwinds from increased credit loss provisions and rising operational costs, particularly in salaries and employee benefits.

The efficiency ratio increased to 61.23% from 58.80% in the previous quarter. The company continues to focus on operational efficiency through its 1% improvement initiative, though this may be impacted by planned securitization.

Third Coast Bancshares (NASDAQ: TCBX) reported strong Q1 2025 financial results, with net income reaching $13.6 million ($0.78 diluted EPS), marking a 31% year-over-year improvement. The bank's performance showed notable improvements with:

- Net interest margin expansion to 3.80% from 3.60% year-over-year
- Gross loans growth to $3.99 billion, up 6.5% from previous year
- Book value per share increased to $29.92 from $28.65 in Q4 2024

The bank completed a significant $200 million commercial real estate loan securitization on April 1, 2025, aimed at reducing risk-weighted assets and improving capital ratios. Asset quality improved with nonperforming loans decreasing to $18.6 million (0.47% of total loans) from $27.9 million in Q4 2024. Total deposits stood at $4.25 billion, showing a 4.9% year-over-year increase despite a 1.4% quarterly decline.

Third Coast Bancshares (NASDAQ: TCBX) has scheduled its 2025 first quarter earnings release for Wednesday, April 23, 2025, after market close. The company will host a conference call and webcast to discuss the financial results on Thursday, April 24, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).

Interested parties can access the call by dialing 201-389-0869 or attend the webcast through the company's investor relations website. A replay will be available until May 1, 2025, via phone (201-612-7415, passcode: 13752283#) or through the company's website for 90 days.

EJF Capital, managing $5.4 billion in assets, has completed a $100 million securitization transaction for Third Coast Bank (NASDAQ: TCBX). The deal involves a $200 million revolving commercial real estate loan originated by Third Coast Bank on April 1, 2025, secured by interests in eleven Residential Master Planned Communities across Houston, Dallas, and Austin metropolitan areas.

The transaction aims to reduce Third Coast Bank's risk-weighted assets and diversify its loan portfolio. The original loan was made to one of America's largest private real estate development investment firms. EJF Capital, founded in 2005 and headquartered near Washington D.C., manages approximately $5.4 billion, including $2.9 billion in CDO assets through affiliates.

Third Coast Bank (NASDAQ: TCBX) has announced a significant securitization transaction involving a $200 million revolving commercial real estate loan originated on April 1, 2025. The loan is secured by interests in eleven Residential Master Planned Communities under development across major Texas metropolitan areas.

The transaction, arranged by EJF Capital , involves the creation and sale of participation interests through a structured process involving EJF CRT 2025-1 Depositor and EJF CRT 2025-1 The Bank retained certain participation interests while selling others, with the Issuer pledging its interests to U.S. Bank Trust Company as Indenture Trustee.

This strategic move is expected to reduce the Bank's risk-weighted assets under current capital rules and decrease the ratio of construction and land development loans to total capital, ultimately improving loan portfolio diversity.