Third Coast Bancshares, Inc. (TCBX)
Third Coast Bancshares, Inc. serves as the parent company for Third Coast Bank, SSB, a financial institution primarily focused on delivering a broad spectrum of commercial banking solutions to small and medium-sized businesses, as well as individual professionals. The bank's offerings include a comprehensive range of deposit accounts, such as checking, savings, individual retirement accounts (IRAs), money market accounts, and certificates of deposit (CDs). For its lending services, it provides commercial and industrial (C&I) loans, which encompass financing for equipment, working capital, vehicle fleets, and various other commercial needs. Beyond these core services, Third Coast also offers treasury management, both consumer and commercial online banking platforms, mobile applications, secure safe deposit boxes, wire transfer capabilities, and debit cards. Geographically, the bank operates a total of twelve branches: eleven are strategically located across the major Texas metropolitan areas of Greater Houston, Dallas-Fort Worth, and Austin-San Antonio, with an additional branch situated in Detroit, Texas. The company was founded in 2008 and has its principal office in Humble, Texas.
Sector: Savings Institutions, Not Federally Chartered
Industry: Banks - Regional
Third Coast Bancshares, Inc.
NYSE:TCBXFinancial Services · Banks - Regional
+0.80%$40.12
AH Close$40.12+0.00%vs close
AH Close$40.12+0.00%vs close
Mkt Cap$668.2M
Float15.59M
O/S16.65M
Inst Own61.2%
SI3.3%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$366.95M
Net Income$66.29M
Total Assets$5.34B
Free Cash Flow$48.16M
Debt & Equity
Debt 21%
Equity 79%
Preferred 0%
Total Debt$136.97M
Total Equity$531.03M
Preferred Stock$69K
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in TCBX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$5.34B
Liabilities$4.81B
Accounts Receivable$29.24M
Accounts Payable$5.96M
Inventory$0
PP&E (Net)$41.85M
Goodwill$18.68M
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $366.95M | $338.07M | $274.08M | $160.18M | $103.19M | $83.55M | $50.28M |
| YoY Growth | 8.5% | 23.4% | 71.1% | 55.2% | 23.5% | 66.2% | - |
| Cost of Revenue | $164.16M | $173.3M | $133.34M | $49.69M | $19.98M | $21.91M | $17.6M |
| Gross Profit | $202.79M | $164.77M | $140.74M | $110.49M | $83.2M | $61.64M | $32.69M |
| Gross Margin | 55.3% | 48.7% | 51.3% | 69.0% | 80.6% | 73.8% | 65.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $79.33M | $66.82M | $64.84M | $58.42M | $50.53M | $30.59M | $20.68M |
| Other | $38.47M | $36.6M | $34.28M | $28.9M | $18.19M | $15.45M | $8.77M |
| Total Operating Expenses | $117.8M | $103.42M | $99.13M | $87.32M | $68.72M | $46.03M | $29.45M |
| Operating Income (EBIT) | $84.99M | $61.35M | $41.61M | $23.17M | $14.48M | $15.61M | $3.23M |
| Operating Margin | 23.2% | 18.1% | 15.2% | 14.5% | 14.0% | 18.7% | 6.4% |
| Interest Expense | $158.81M | $167.6M | $127.02M | $37.49M | $10.06M | $14.36M | $15.97M |
| Interest Income | $354.03M | $328.36M | $266.54M | $153.95M | $100.61M | $82.24M | $49.92M |
| Other Income (Expense) | -$2.25M | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $82.75M | $61.35M | $41.61M | $23.17M | $14.48M | $15.61M | $3.23M |
| Income Tax Expense | $16.45M | $13.68M | $8.21M | $4.51M | $3.06M | $3.49M | $852K |
| Net Income | $66.29M | $47.67M | $33.4M | $18.66M | $11.42M | $12.12M | $2.38M |
| Net Income Margin | 18.1% | 14.1% | 12.2% | 11.6% | 11.1% | 14.5% | 4.7% |
| Supplementary Data | |||||||
| EPS | 4.45 | 3.14 | 2.11 | 1.28 | 1.45 | 1.94 | 0.34 |
| Diluted EPS | 3.79 | 2.78 | 1.98 | 1.25 | 1.40 | 1.91 | 0.33 |
| Weighted Average OS | 13.80M | 13.66M | 13.58M | 13.46M | 7.87M | 6.25M | 6.91M |
| EBITDA | $89.74M | $65.97M | $45.56M | $25.72M | $14.21M | $15.69M | $4.1M |
| EBITDA Margin | 24.5% | 19.5% | 16.6% | 16.1% | 13.8% | 18.8% | 8.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $175.47M | $371.51M | $296.93M | $329.86M | $326.86M | $201.4M | $95.85M |
| Short-Term Investments | $223.91M | $384.02M | $178.09M | $176.07M | $26.43M | $25.59M | $536K |
| Cash and Short-Term Investments | $399.38M | $755.54M | $475.01M | $505.93M | $353.3M | $226.99M | $96.38M |
| Accounts Receivable | $29.24M | $25.82M | $23.12M | $18.34M | $10.23M | $13.68M | $3.25M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $428.62M | $781.36M | $498.13M | $524.27M | $363.52M | $240.67M | $99.64M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $41.85M | $46.09M | $49.99M | $46.53M | $19.05M | $15.16M | $7.7M |
| Goodwill | $18.68M | $18.84M | $18.03M | $18.03M | $18.03M | $18.03M | $0 |
| Intangible Assets | $0 | $0 | $969K | $1.13M | $1.29M | $1.45M | $0 |
| Long-Term Investments | $4.7B | $3.93B | $3.61B | $3.09B | $2.05B | $1.55B | $800.48M |
| Deferred Tax Assets | $6.45M | $11.45M | $9.23M | $6.3M | $4.12M | $4.04M | $1.3M |
| Other Long-Term Assets | $140.52M | $152.11M | $209.12M | $90.46M | $43.58M | $41.48M | $19.21M |
| Total Long-Term Assets | $4.91B | $4.16B | $3.9B | $3.25B | $2.14B | $1.63B | $828.7M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $5.34B | $4.94B | $4.4B | $3.77B | $2.5B | $1.87B | $928.34M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $5.96M | $6.28M | $4.79M | $2.54M | $437K | $1.22M | $1.75M |
| Short-Term Debt | $37.88M | $30.88M | $38.88M | $30.88M | $1M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $4.63B | $4.31B | $3.8B | $3.24B | $2.14B | $1.63B | $807.26M |
| Total Current Liabilities | $4.67B | $4.35B | $3.85B | $3.27B | $2.14B | $1.64B | $809M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $80.97M | $80.76M | $80.55M | $80.35M | $0 | $33.88M | $30.38M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $39.92M | $32.41M | $34.45M | $23.25M | $57.77M | $76.65M | $31.65M |
| Total Long-Term Liabilities | $139.01M | $134.07M | $137.28M | $121.8M | $57.77M | $110.53M | $62.03M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $4.81B | $4.48B | $3.98B | $3.39B | $2.2B | $1.75B | $871.03M |
| Stockholders' Equity | |||||||
| Preferred Stock | $69K | $69K | $69K | $69K | $0 | $0 | $0 |
| Common Stock | $13.97M | $13.85M | $13.68M | $13.61M | $13.48M | $6.35M | $3.92M |
| Retained Earnings | $183.24M | $121.7M | $78.78M | $53.27M | $36.03M | $24.61M | $12.49M |
| Comprehensive Income & Other | $10.92M | $4.51M | $933K | -$2.1M | $1.39M | $280K | $490 |
| Other Stockholders' Equity | $333.82M | $325.17M | $319.52M | $314.9M | $249.5M | $90.76M | $40.89M |
| Total Equity | $531.03M | $460.72M | $411.97M | $381.78M | $299.01M | $121.72M | $57.3M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $5.34B | $4.94B | $4.4B | $3.77B | $2.5B | $1.87B | $928.34M |
| Supplementary Data | |||||||
| Total Debt | $136.97M | $132.53M | $141.71M | $129.43M | $1M | $33.88M | $30.38M |
| Net Debt | -$38.5M | -$238.98M | -$155.22M | -$200.43M | -$325.86M | -$167.52M | -$65.47M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $66.29M | $47.67M | $33.4M | $18.66M | $11.42M | $12.12M | $2.38M |
| Depreciation & Amortization | $4.75M | $4.62M | $3.95M | $2.56M | -$270K | $78K | $869K |
| Deferred Income Tax | $3.29M | -$3.17M | -$2.89M | -$1.25M | -$380K | -$1.71M | -$418K |
| Stock-Based Compensation | $1.61M | $1.7M | $1.63M | $1.27M | $659K | $275K | $231K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$20.65M | -$7.65M | -$4.39M | -$12.71M | $749K | -$9.7M | -$1.32M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $12.36M | $504K | $9.58M | $7.55M | $337K | -$336K | $441K |
| Other Working Capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$8.3M | -$7.14M | $5.19M | -$5.15M | $1.09M | -$10.04M | -$883K |
| Other Non-Cash Items | -$16.8M | -$8.54M | -$2.2M | $5.71M | -$7.93M | -$4.38M | $1.41M |
| Net Cash from Operating | $50.84M | $35.14M | $39.08M | $21.79M | $4.58M | -$3.65M | $3.59M |
| Investing Activities | |||||||
| Capital Expenditures | -$2.68M | -$1.77M | -$3.44M | -$12.19M | -$5.62M | -$1.35M | -$2.98M |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $16.11M | $0 |
| Purchases of Investments | -$192.52M | -$4.28B | -$3.12B | -$2.17B | -$2B | -$1.92B | -$598.61M |
| Sales of Investments | $610K | $4.08B | $3.12B | $2.01B | $2B | $1.9B | $600.32M |
| Other Investing Activities | -$418.29M | -$322.61M | -$530.6M | -$1.07B | -$492.26M | -$492.58M | -$120.43M |
| Net Cash from Investing | -$610.2M | -$520.93M | -$529.53M | -$1.24B | -$500.06M | -$500.01M | -$121.7M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | -$30.19M | $33M | -$45M | -$6.5M |
| Common Stock Issuance | $779K | $656K | $47K | $1.53M | $162.55M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$121K | -$38K | -$527K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $316.36M | $507.24M | $566.98M | $1.1B | $509.39M | $567.7M | $73.31M |
| Net Cash from Financing | $319.39M | $495.15M | $570.29M | $1.22B | $618.94M | $611.16M | $79.28M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$239.97M | $9.36M | $79.83M | $4.99M | $123.47M | $107.5M | -$38.83M |
| Supplementary Data | |||||||
| Operating Cash Flow | $50.84M | $35.14M | $39.08M | $21.79M | $4.58M | -$3.65M | $3.59M |
| Capital Expenditure | -$2.68M | -$1.77M | -$3.44M | -$12.19M | -$5.62M | -$1.35M | -$2.98M |
| Free Cash Flow | $48.16M | $33.37M | $35.64M | $9.6M | -$1.04M | -$5.01M | $611K |
| Cash at Beginning | $421.2M | $411.85M | $332.01M | $327.02M | $203.56M | $96.06M | $134.9M |
| Cash at End | $181.23M | $421.2M | $411.85M | $332.01M | $327.02M | $203.56M | $96.06M |