Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q2 2024

Rhea-AI Summary

Stonegate Capital Partners has updated its coverage on Third Coast Bancshares, Inc. (NASDAQ: TCBX) for Q2 2024. The key takeaways from the update include:

1. Net Income of $10.8 million for the quarter
2. Year-over-year loan growth of $422.9 million
3. Opening of the company's 18th branch

These highlights suggest positive financial performance and continued expansion for Third Coast Bancshares. The substantial loan growth indicates increased business activity, while the opening of a new branch demonstrates the company's commitment to expanding its physical presence and customer base.

Positive

• Net Income of $10.8 million for Q2 2024
• Year-over-year loan growth of $422.9 million
• Expansion with the opening of the 18th branch

Negative

• None.

Dallas, Texas--(Newsfile Corp. - July 26, 2024) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. (NASDAQ: TCBX).

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• Net Income of $10.8M in the quarter
• Year over year loan growth of $422.9M
• 18th branch opened

Click image above to view full announcement.

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About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217953

FAQ

What was Third Coast Bancshares (TCBX) net income for Q2 2024?

Third Coast Bancshares (TCBX) reported a net income of $10.8 million for Q2 2024.

How much loan growth did Third Coast Bancshares (TCBX) experience year-over-year?

Third Coast Bancshares (TCBX) experienced a year-over-year loan growth of $422.9 million.

How many branches does Third Coast Bancshares (TCBX) have after their recent expansion?

Third Coast Bancshares (TCBX) has opened its 18th branch, indicating continued expansion of its physical presence.

Who updated the coverage on Third Coast Bancshares (TCBX) for Q2 2024?

Stonegate Capital Partners updated their coverage on Third Coast Bancshares (TCBX) for Q2 2024.