Third Coast Bancshares, Inc. reports developments for a commercially focused Texas bank holding company whose wholly owned subsidiary, Third Coast Bank, serves small and medium-sized businesses, professionals, and customers in the Austin, Dallas-Fort Worth, Greater Houston, and San Antonio markets.
Recurring company updates cover quarterly and annual operating results, net interest income, loan and deposit trends, noninterest expense, efficiency measures, branch-market activity, and capital actions. Coverage also includes preferred-stock dividends, investor-call materials, and integration matters following the completed Keystone Bancshares merger.
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.
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 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.