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.
Third Coast Bancshares, Inc. (TCBX) delivers commercial banking solutions to Texas businesses through its community-focused approach and localized decision-making. This news hub provides investors and business leaders with essential updates about the company's financial developments and market activities.
Access timely reports on earnings announcements, strategic partnerships, leadership changes, and regulatory filings. Our curated collection ensures you stay informed about TCBX's commercial lending initiatives, operational efficiency improvements, and community banking services across Greater Houston, Dallas-Fort Worth, and other key markets.
Bookmark this page for direct access to original press releases and verified news about loan portfolio performance, deposit growth trends, and technological advancements in regional banking services. Regular updates provide insights into how TCBX maintains its competitive position through tailored financial solutions and responsive client support.
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.
Third Coast Bancshares (NASDAQ: TCBX) has announced its schedule for the 2025 first quarter earnings release and conference call. The company will release its financial results on Wednesday, April 23, 2025 after market close, followed by a conference call and webcast on Thursday, April 24, 2025 at 11:00 a.m. Eastern Time.
Interested parties can access the conference call by dialing 201-389-0869 or attend the live webcast through the company's investor relations website. A replay will be available until May 1, 2025, accessible by dialing 201-612-7415 with passcode 13752283#. The webcast archive will remain available on the company's website for 90 days.
Third Coast Bancshares (NASDAQ: TCBX) has announced a quarterly cash dividend declaration on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The Board of Directors has approved a dividend payment of $16.88 per share. Shareholders who are recorded as holders by the close of business on March 31, 2025, will receive the dividend payment on April 15, 2025.
Third Coast Bancshares (NASDAQ: TCBX) reported strong financial results for Q4 2024, with net income reaching $13.7 million, an increase from $12.8 million in Q3 2024. The company achieved basic and diluted EPS of $0.92 and $0.79, respectively. The quarterly growth was primarily driven by higher net interest income, supported by loan growth and increased investments in federal funds sold and interest-bearing deposits with correspondent banks.
The company's loan portfolio demonstrated robust growth with a $327.6 million increase year-over-year. The efficiency ratio improved to 58.80% from 59.57% in the previous quarter. However, the positive performance was partially offset by a higher provision for credit losses and increased expenses in salaries and employee benefits. The company continues to focus on operational efficiency through its 1% improvement initiative.
Third Coast Bancshares (NASDAQ: TCBX) reported strong financial results for Q4 and full year 2024. Q4 net income reached $13.7 million ($0.92 basic, $0.79 diluted EPS), up from $12.8 million in Q3 2024. Net interest income grew 7.6% to $43.4 million quarter-over-quarter.
Full-year 2024 highlights include net income of $47.7 million ($3.14 basic, $2.78 diluted EPS), compared to $33.4 million in 2023. Total assets increased 12.4% to $4.94 billion, while gross loans grew 9.0% to $3.97 billion. Deposits rose 13.3% to $4.31 billion.
The bank's efficiency ratio improved to 58.80% in Q4 from 59.57% in Q3. Asset quality metrics showed nonperforming loans at $27.9 million (0.70% of total loans) as of December 31, 2024. The company expanded its presence by opening three new branches in Texas during 2024.
Third Coast Bancshares (NASDAQ: TCBX) has announced its schedule for the release of its 2024 fourth quarter and full year financial results. The company will report its earnings on Wednesday, January 22, 2025, after market close. A conference call and webcast to discuss the results is scheduled for Thursday, January 23, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).
Interested parties can access the conference call by dialing 201-389-0869 or participate via webcast at the company's investor relations website. For those unable to attend the live event, a replay will be available through January 28, 2025, by dialing 201-612-7415 with passcode 13750591#. The webcast archive will remain accessible on the company's website for 90 days.
Third Coast Bancshares (NASDAQ: TCBX) has announced that its Board of Directors declared a quarterly cash dividend of $17.25 per share on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The dividend will be paid on January 15, 2025 to shareholders of record as of December 31, 2024.
Third Coast Bancshares (TCBX) reported strong Q3 2024 financial results with record earnings. Net income reached $12.8 million, or $0.85 and $0.74 per basic and diluted share, up from $10.8 million in Q2 2024. The company showed impressive growth with gross loans increasing by $131.7 million to $3.89 billion, a 3.5% increase from Q2. The efficiency ratio improved to 59.57%, and noninterest-bearing deposits grew by $25.3 million to $489.8 million. The net interest margin expanded to 3.73%, while maintaining strong asset quality with nonperforming loans at 0.62% of total loans.
Third Coast Bancshares (NASDAQ: TCBX), the holding company of Third Coast Bank, has announced its schedule for the 2024 third quarter earnings release and conference call. The company will report its financial results on Wednesday, October 23, 2024 after market close. A conference call and webcast are scheduled for Thursday, October 24, 2024 at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss these results.
Interested parties can participate in the call by dialing 201-389-0869 or by accessing the webcast at https://ir.thirdcoast.bank/events-and-presentations/events/. For those unable to attend the live call, a replay will be available until October 31, 2024 by dialing 201-612-7415 and using passcode 13748897#. An archive of the webcast will also be accessible on the company's website for 90 days following the call.
Third Coast Bancshares, Inc. (NASDAQ: TCBX), the holding company of Third Coast Bank, has announced a quarterly cash dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The Board of Directors has declared a dividend of $17.25 per share, which will be payable on October 15, 2024 to shareholders of record as of the close of business on September 30, 2024.
FAQ
What is the current stock price of Third Coast Bancshares (TCBX)?
What is the market cap of Third Coast Bancshares (TCBX)?
