Third Coast Bancshares, Inc. Reports 2026 Third Quarter Financial Results
Third Coast Bancshares (NYSE: TCBX) reported Q3 2026 net income of $19.0 million, or $0.93 per diluted share, down from $22.0 million ($1.08) in Q2 2026 and modestly above $18.1 million ($1.03) a year ago. Excluding $3.2 million of acquisition-related expenses, adjusted non-GAAP net income was $21.6 million ($1.06 diluted). Net interest income grew 17.1% year-over-year to $59.5 million, but net interest margin compressed to 3.70% from 4.10% a year earlier, and the efficiency ratio worsened to 63.10% from 53.03%. Balance sheet growth was strong, with gross loans up 31.9% YoY to $5.49 billion and deposits up 35.5% YoY to $5.92 billion.
Key figures
- Eps
- 0.93
- Revenue
- $59.5 million
- Revenue Yoy
- 17.1% (net interest income vs. Q3 2025)
- Npl ratio
- 0.53%
- Deal value
- approximately $239.6 million
- Gross loans
- $5.49 billion
- Net income yoy
- $18.1 million (Q3 2025) and $22.0 million (Q2 2026)
- Securitization
- $87.5 million of commercial real estate loans
- Total deposits
- $5.92 billion
- Loan growth yoy
- 31.9%
- Efficiency ratio
- 63.10% (vs 56.51% Q2 2026, 53.03% Q3 2025)
- Basic eps q3 2026
- 1.07
- Provision q3 2026
- $540,000
- Deposit growth yoy
- 35.5%
- Net income q3 2026
- $19.0 million
- Diluted eps 2025 q3
- 1.03
- Diluted eps 2026 q2
- 1.08
- Net interest margin
- 3.70% (vs 3.83% Q2 2026, 4.10% Q3 2025)
- Nonperforming loans
- $29.0 million
- Book value per share
- 36.53
- Return on avg assets
- 1.13% annualized (vs 1.34% Q2 2026, 1.41% Q3 2025)
- Adjusted roaa non gaap
- 1.29%
- Allowance for credit losses
- $54.4 million (0.99% of gross loans)
- Acquisition related expenses
- $3.2 million
- Adjusted net income non gaap
- $21.6 million
- Noninterest bearing deposits
- $721.2 million (12.2% of total deposits)
- Adjusted diluted eps non gaap
- 1.06
- Tangible book value per share
- 33.31
AI analysis
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