Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock

Rhea-AI Summary

Third Coast Bancshares (NYSE: TCBX) declared a quarterly cash dividend of $16.875 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on April 15, 2026 to holders of record at the close of business on March 31, 2026.

Positive

• Dividend declared of $16.875 per Series A preferred share
• Payment date set for April 15, 2026 (timely cash distribution)

Negative

• Non-cumulative status means missed dividends are not owed later

News Market Reaction – TCBX

+1.59%

+1.59% Session close to close

In the Mar 20 session, TCBX gained 1.59%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HOUSTON, March 19, 2026 /PRNewswire/ -- Third Coast Bancshares, Inc. (NYSE & NYSE Texas: TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $16.875 per share on its 6.75% Series A Convertible Non–Cumulative Preferred Stock. The dividend is payable on April 15, 2026 to holders of record at the close of business on March 31, 2026.

About Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Austin, Dallas-Fort Worth, Greater Houston, and San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, Third Coast Bank conducts banking operations through 21 branches encompassing the four largest metropolitan areas in Texas. Please visit https://www.thirdcoast.bank for more information.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "looking ahead," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would" and "outlook," or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the following: interest rate risk and fluctuations in interest rates; market conditions and economic trends generally and in the banking industry; our ability to maintain important deposit relationships; our ability to grow or maintain our deposit base; our ability to implement our expansion strategy; our ability to pay dividends on our Series A Preferred Stock; credit risk associated with our business; and changes in key management personnel. For a discussion of additional factors that could cause our actual results to differ materially from those described in the forward-looking statements, please see the risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (the "SEC"), and our other filings with the SEC. 

The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this press release. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Contact:
Ken Dennard / Natalie Hairston
Dennard Lascar Investor Relations
(713) 529-6600
TCBX@dennardlascar.com

View original content:https://www.prnewswire.com/news-releases/third-coast-bancshares-inc-declares-quarterly-cash-dividend-on-its-6-75-series-a-convertible-non-cumulative-preferred-stock-302718988.html

SOURCE Third Coast Bancshares

FAQ

What dividend did Third Coast Bancshares (TCBX) declare on March 19, 2026?

The company declared a quarterly cash dividend of $16.875 per share on its Series A preferred stock. According to the company, the dividend applies to the 6.75% Series A convertible non-cumulative preferred shares and is paid in cash.

When is the TCBX Series A preferred dividend payable and who is eligible?

The dividend is payable on April 15, 2026 to holders of record at March 31, 2026. According to the company, eligible recipients are holders of the 6.75% Series A convertible non-cumulative preferred stock as of the record date.

Is the TCBX Series A dividend cumulative or non-cumulative?

The dividend is non-cumulative, so unpaid dividends do not accumulate for future payment. According to the company, this characteristic applies to the 6.75% Series A convertible preferred shares and affects investor recovery of missed payments.

How does the March 19, 2026 dividend announcement affect Series A preferred shareholders of TCBX?

Series A preferred shareholders receive a cash payment of $16.875 per share on April 15, 2026 if they hold shares by March 31, 2026. According to the company, this delivers a direct cash return to holders meeting the record date.

Where can shareholders find the record and payment dates for TCBX dividend declared March 19, 2026?

The record date is March 31, 2026 and the payment date is April 15, 2026 for the Series A preferred dividend. According to the company, these dates determine eligibility and the cash distribution timing.