Third Coast Bancshares, Inc. Recognized by Structured Credit Investor (SCI) as "2025 North American Issuer of the Year" and "2025 North American Transaction of the Year" Finalists
Rhea-AI Summary
Third Coast Bancshares (NASDAQ: TCBX) has been nominated for two prestigious awards by Structured Credit Investor (SCI): "2025 North American Issuer of the Year" and "2025 North American Transaction of the Year". The latter nomination, shared with EJF Capital, recognizes their groundbreaking $200 million commercial real estate loan securitization completed in April 2025.
As a $5 billion asset bank, Third Coast became the smallest U.S. bank to execute a synthetic risk transfer (SRT) deal, with the previous smallest peer having $40 billion in assets. The company completed a second securitization in Q2 2025 and will transition its stock listing to the NYSE under "TCBX" effective October 6, 2025.
Positive
- First $5B-asset bank to execute a synthetic risk transfer deal, demonstrating innovation in capital management
- Successfully completed two securitizations in 2025, showing consistent execution of strategic initiatives
- Reduced commercial real estate concentration risk and capital requirements through securitization
- Generated substantial fee income from securitization transactions
- Upcoming uplisting to NYSE, potentially increasing visibility and trading liquidity
Negative
- Significant exposure to commercial real estate requiring risk mitigation
News Market Reaction – TCBX
On the day this news was published, TCBX declined 0.99%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Award winners to be revealed on October 15 in
In addition to the North American Issuer of the Year nomination, Third Coast and EJF Capital, LLC were also nominated for North American Transaction of the Year for their groundbreaking commercial real estate loan securitization completed in April 2025. The Company's previously announced
"To be nominated by SCI as both North American Issuer of the Year and North American Transaction of the Year is a tremendous honor," said Bart Caraway, Founder, Chairman, President and Chief Executive Officer of Third Coast. "This recognition underscores our mission to strengthen our risk profile, improve capital ratios, and better serve our customers through innovation and operational excellence. I am incredibly proud of our team's hard work and dedication in completing this landmark securitization—a first for our organization and a testament to our commitment to innovative capital management. Building on this momentum, we successfully completed another securitization in the second quarter of 2025, reaffirming our focus on creative balance sheet management and value creation for our stockholders."
As previously announced, effective October 6, 2025, Third Coast Bancshares, Inc.'s common stock will transition to trading on the New York Stock Exchange under its current ticker symbol "TCBX."
About Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a commercially focused,
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: the risks associated with our transfer and continued listing of our common stock on the NYSE and NYSE Texas, including potential costs, compliance obligations, or impacts on trading liquidity and investor perception; 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; changes in accounting standards or tax laws; evolving regulatory requirements; cybersecurity threats and risks to information technology infrastructure; competitive pressures including new market entrants; potential impacts related to geopolitical events or global health concerns; 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, 2024 filed with the
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
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