Third Coast Bancshares, Inc. Reports 2026 First Quarter Financial Results

Third Coast reported Q1 2026 net income of $16.4 million, or $0.88 per diluted share, a decline from the prior quarter driven by $3.3 million in merger-related expenses. Net interest income increased 25.3% year-over-year to $53.6 million, though the net interest margin compressed to 3.67% from 4.10% in the fourth quarter of 2025. The successful completion of the Keystone Bancshares merger on February 1 added approximately $1 billion in assets and $844.2 million in deposits, boosting gross loans by 19.5% to $5.25 billion. Asset quality deteriorated slightly with nonperforming loans rising to $35.6 million, or 0.68% of total loans, due to one large credit placement on nonaccrual.

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