Third Coast Bancshares, Inc. (TCBX) Form 8-K — Oct 21, 2026
Third Coast Bancshares (TCBX) reported Q3 2026 net income of $19.0 million, or $0.93 per diluted share, down from $22.0 million ($1.08 diluted) in Q2 2026 but up from $18.1 million in the year-ago quarter. Adjusted diluted EPS was $1.06, and results included $3.2 million of merger and acquisition-related expenses tied to the pending Great Plains deal. Net interest margin compressed to 3.70% from 3.83% sequentially and 4.10% a year ago, and the efficiency ratio deteriorated to 63.10% from 56.51% in Q2. Net interest income still grew 17.1% year-over-year to $59.5 million on strong balance sheet expansion.
Key figures
- Eps
- 0.93
- Revenue
- 0
- Net Income
- 19000000
- Total Debt
- 0
- Total Assets
- 6805620000
- Cash Position
- 365814000
- Deal Value Usd
- 239600000
- Shares Outstanding
- 16664058
- Gross loans
- $5.49 billion (+31.9% YoY)
- Adjusted roaa
- 1.29% annualized (non-GAAP)
- Total deposits
- $5.92 billion (+35.5% YoY)
- Efficiency ratio
- 63.10%
- Net interest margin
- 3.70%
- Nonperforming loans
- $29.0 million (0.53% of loans)
- Acquisition expenses
- $3.2 million
- Adjusted diluted eps
- $1.06
- Book value per share
- $36.53
- Estimated cet1 ratio
- 9.20%
- Return on avg assets
- 1.13% annualized
- Net interest income q3
- $59.5 million (+17.1% YoY, -1.2% QoQ)
- Allowance for credit losses
- $54.4 million (0.99% of loans)
- Noninterest bearing deposits
- $721.2 million (12.2% of total)
- Tangible book value per share
- $33.31
AI analysis
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