TCBX Stock Price, Third Coast Bancshares, . Quote, Chart

Market Summary

USD20.97+0.32

Market Closed

1.55%

TCBX Stock Price

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TCBX RSI Chart

TCBX Valuation

Market Cap

285.3M

Price/Earnings (Trailing)

8.54

Price/Sales (Trailing)

1.07

EV/EBITDA

-0.06

Price/Free Cashflow

8.01

TCBX Price/Sales (Trailing)

TCBX Profitability

EBT Margin

15.61%

Return on Equity

8.11%

Return on Assets

0.76%

Free Cashflow Yield

12.49%

TCBX Fundamentals

TCBX Revenue

Revenue (TTM)

266.5M

Rev. Growth (Yr)

50.67%

Rev. Growth (Qtr)

11.07%

TCBX Earnings

Earnings (TTM)

33.4M

Earnings Growth (Yr)

28.76%

Earnings Growth (Qtr)

73.7%

Breaking Down TCBX Revenue

Last 7 days

5.8%

Last 30 days

11.1%

Last 90 days

6.7%

Trailing 12 Months

57.5%

How does TCBX drawdown profile look like?

TCBX Financial Health

TCBX Investor Care

Shares Dilution (1Y)

0.54%

Diluted EPS (TTM)

1.98

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	184.1M	214.3M	240.6M	266.5M
2022	102.2M	110.8M	129.5M	153.9M
2021	90.4M	91.7M	96.8M	100.6M
2020	58.0M	66.1M	74.2M	82.2M
2019	0	0	0	49.9M

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Tracking the Latest Insider Buys and Sells of Third Coast Bancshares, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	basaldua martin	acquired	55,000	11.00	5,000	-
Mar 21, 2024	glander troy andrew	acquired	55,000	11.00	5,000	-
Mar 15, 2024	caraway bart	acquired	-	-	10,131	see remarks
Mar 15, 2024	stunja joseph	acquired	55,000	11.00	5,000	-
Mar 15, 2024	bobbora william	acquired	-	-	7,598	see remarks
Mar 15, 2024	mcwhorter richard j	acquired	-	-	13,424	chief financial officer
Feb 01, 2024	peacock christopher seay	sold (taxes)	-1,462	19.5	-75.00	see remarks
Nov 15, 2023	duncan audrey	bought	26,445	17.63	1,500	see remarks
Oct 30, 2023	bobbora william	bought	30,780	15.39	2,000	see remarks
Oct 02, 2023	alexander vicki	sold (taxes)	-9,959	16.49	-604	see remarks

Which funds bought or sold TCBX recently?

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Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 02, 2024	NISA INVESTMENT ADVISORS, LLC	unchanged	-	1.00	160	-%
May 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	Blue Trust, Inc.	unchanged	-	421,889	2,891,890	0.04%
Apr 30, 2024	Avior Wealth Management, LLC	new	-	40.00	40.00	-%
Apr 26, 2024	SALZHAUER MICHAEL	added	91.19	362,704	754,262	0.58%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-10.74	-87,288	779,699	-%
Apr 24, 2024	CHILDRESS CAPITAL ADVISORS, LLC	unchanged	-	1,500	200,200	0.06%
Apr 23, 2024	AMALGAMATED BANK	reduced	-64.3	-16,000	9,000	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	20,600	147,773	-%
Apr 12, 2024	DOLIVER ADVISORS, LP	unchanged	-	2,325	310,310	0.09%

Are Funds Buying or Selling TCBX?

Are funds buying TCBX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TCBX

No. of Funds

Unveiling Third Coast Bancshares, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 29, 2024	blackrock inc.	6.6%	902,712	SC 13G/A
Jun 15, 2023	castle creek capital partners viii, lp	2.35%	345,044	SC 13D/A
May 08, 2023	castle creek capital partners viii, lp	1.04%	155,000	SC 13D/A
Feb 03, 2023	blackrock inc.	5.7%	769,186	SC 13G
Oct 07, 2022	castle creek capital partners viii, lp	8.3%	1,244,905	SC 13D

Recent SEC filings of Third Coast Bancshares, Inc.

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	ARS	ARS
Apr 25, 2024	DEF 14A	DEF 14A
Apr 24, 2024	8-K	Current Report
Apr 24, 2024	8-K	Current Report
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 21, 2024	8-K	Current Report
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading
Mar 15, 2024	4	Insider Trading

Peers (Alternatives to Third Coast Bancshares, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	547.1B	174.7B	-3.62%	40.95%	10.87	3.13	53.11%	19.83%
BAC	291.2B	127.4B	-1.15%	32.34%	11.64	2.29	44.27%	-12.56%
WFC	208.9B	85.8B	4.32%	56.01%	11.13	2.44	35.02%	26.14%
C	117.6B	133.3B	-2.05%	34.77%	12.74	0.88	79.09%	-
CFG	16.2B	10.2B	-0.14%	33.45%	10.1	1.59	44.53%	-22.43%
KEY	14.1B	8.1B	-2.62%	55.93%	16.1	1.73	32.15%	-50.93%
MID-CAP
CMA	7.0B	4.2B	-3.21%	45.81%	10.12	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	0.71%	88.53%	9.51	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	3.97%	58.26%	12.78	2.69	43.24%	-22.35%
ASB	3.3B	1.8B	5.09%	36.86%	20.6	1.8	32.64%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	395.3M	152.4M	-5.49%	44.45%	39.76	2.59	16.94%	-73.84%
AROW	391.6M	162.6M	-2.25%	14.75%	13.02	2.41	25.39%	-38.37%
ACNB	282.2M	96.6M	-5.09%	17.23%	8.91	2.92	11.02%	-11.37%
ASRV	41.8M	60.9M	2.51%	-13.74%	-12.5	0.69	24.06%	-144.92%

Third Coast Bancshares, Inc. News

Latest updates

Third Coast Bancshares, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																	(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	11.1%	77.00	69.00	63.00	57.00	51.00	43.00	33.00	27.00	27.00	24.00	24.00	26.00	23.00	19.00	23.00	17.00	-
EBITDA Margin	-6.0%	0.68*	0.72*	0.80*	0.85*	0.90*	0.94*	0.97*	1.01*	1.04*	1.07*	1.08*	1.06*	1.02*	0.51*	0.58*	0.66*	0.76*
Interest Expenses	5.8%	37.00	35.00	34.00	33.00	32.00	31.00	28.00	25.00	25.00	22.00	21.00	23.00	20.00	16.00	19.00	13.00	-
Income Taxes	59.7%	2.00	1.00	2.00	2.00	2.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	-
Earnings Before Taxes	70.8%	12.00	7.00	11.00	11.00	9.00	8.00	3.00	3.00	0.00	3.00	5.00	6.00	3.00	5.00	3.00	4.00	-
EBT Margin	-3.6%	0.16*	0.16*	0.19*	0.17*	0.15*	0.11*	0.08*	0.10*	0.14*	0.18*	0.22*	0.20*	0.19*	0.04*	0.05*	0.06*	0.06*
Net Income	73.7%	10.00	6.00	9.00	9.00	8.00	7.00	2.00	2.00	0.00	2.00	4.00	5.00	3.00	4.00	3.00	3.00	-
Net Income Margin	-3.5%	0.13*	0.13*	0.15*	0.14*	0.12*	0.09*	0.06*	0.08*	0.11*	0.14*	0.17*	0.16*	0.15*	0.03*	0.04*	0.04*	0.05*
Free Cashflow	813.9%	17.00	2.00	9.00	7.00	2.00	7.00	2.00	-1.44	0.00	-0.02	-3.52	2.00	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet											(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	4.3%	4,396	4,216	3,963	3,860	3,773	3,517	3,358	3,040	2,499	2,082	1,867
Cash Equivalents	108.9%	297	142	245	309	330	217	317	370	327	360	201
Net PPE	-1.6%	29.00	29.00	29.00	29.00	29.00	25.00	23.00	21.00	19.00	18.00	15.00
Goodwill	0%	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00
Liabilities	4.4%	3,984	3,815	3,568	3,473	3,391	3,140	3,056	2,739	2,200	1,876	1,746
Shareholder's Equity	2.9%	412	400	396	387	382	376	302	301	299	204	120
Retained Earnings	12.1%	79.00	70.00	66.00	58.00	53.00	47.00	40.00	38.00	36.00	36.00	25.00
Additional Paid-In Capital	0.2%	320	319	319	318	318	318	250	250	249	161	91.00
Shares Outstanding	0.0%	14.00	14.00	14.00	14.00	14.00	14.00	13.00	13.00	13.00	9.00	6.00
Float	-	-	-	202	-	-	-	278	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)															(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	472.0%	17,531	3,065	10,500	7,979	6,177	10,574	4,158	882	1,485	2,927	-2,411	2,583	-	-	-
Share Based Compensation	34.0%	493	368	402	365	293	373	330	279	309	166	115	69.00	-	-	-
Cashflow From Investing	77.8%	-50,348	-226,900	-138,046	-114,241	-143,574	-247,993	-364,472	-483,491	-452,274	-62,115	141,475	-127,148	-	-	-
Cashflow From Financing	-34.7%	158,132	242,346	84,623	85,190	251,563	135,064	309,197	526,904	417,230	66,000	-24,140	159,853	-	-	-

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TCBX Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans, including fees	$ 248,911	$ 146,425	$ 98,886
Investment securities available-for-sale	8,313	3,925	1,043
Federal funds sold and other	9,320	3,596	686
Total interest income	266,544	153,946	100,615
Interest expense:
Deposit accounts	115,044	30,696	8,526
FHLB advances and other borrowings	11,975	6,796	1,536
Total interest expense	127,019	37,492	10,062
Net interest income	139,525	116,454	90,553
Provision for credit losses	6,320	12,200	9,923
Net interest income after provision for credit losses	133,205	104,254	80,630
Noninterest income:
Services charges and fees	3,233	2,714	2,367
Gain on sale of investment securities available-for-sale	(482)
Gain on sales of SBA loans	440	950	586
Earnings on bank-owned life insurance	2,101	1,312	567
Derivative fees	763	1,259	820
Other	1,186	988	538
Total noninterest income	8,205	7,223	4,878
Noninterest expense:
Salaries and employee benefits	62,217	56,510	48,642
Data processing and network expense	4,735	3,947	3,060
Occupancy and equipment expense	11,285	8,526	5,367
Legal and professional	7,783	6,987	5,293
Loan operations	673	988	1,963
Advertising and marketing	2,627	1,912	1,889
Telephone and communications	510	496	595
Software purchases and maintenance	2,375	1,012	852
Regulatory assessments	2,598	3,464	1,101
Loss on sale of other real estate owned		350	344
Other	4,995	4,117	1,919
Total noninterest expense	99,798	88,309	71,025
Net income before income tax expense	41,612	23,168	14,483
Income tax expense	8,211	4,509	3,059
Net income	33,401	18,659	11,424
Preferred stock dividends declared	(4,736)	(1,418)
Net income available to common shareholders	$ 28,665	$ 17,241	$ 11,424
Earnings per common share:
Basic earnings per share	$ 2.11	$ 1.28	$ 1.45
Diluted earnings per share	$ 1.98	$ 1.25	$ 1.40

TCBX Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Cash and cash equivalents:
Cash and due from banks	$ 296,926	$ 329,864
Federal funds sold	114,919	2,150
Total cash and cash equivalents	411,845	332,014
Investment securities available for sale	178,087	176,067
Loans, net of allowance for credit losses of $37,022 and $30,351 at December 31, 2023 and 2022, respectively	3,601,766	3,077,200
Accrued interest receivable	23,120	18,340
Premises and equipment, net	28,554	28,662
Bank-owned life insurance	65,861	60,761
Non-marketable equity securities, at cost	16,041	14,618
Deferred tax asset, net	9,227	6,303
Derivative assets	8,828	9,213
Right-of-use asset - operating leases	21,439	17,872
Core Deposit Intangible, net	969	1,131
Goodwill	18,034	18,034
Other assets	12,303	12,933
Total assets	4,396,074	3,773,148
Deposits:
Noninterest bearing	459,553	486,114
Interest bearing	3,343,595	2,750,032
Total deposits	3,803,148	3,236,146
Accrued interest payable	4,794	2,545
Derivative liabilities	10,687	9,221
Lease liability - operating leases	22,280	18,209
Other liabilities	23,763	14,024
Line of credit - Senior Debt	38,875	30,875
Note payable - Subordinated Debt, net	80,553	80,348
Total liabilities	3,984,100	3,391,368
Shareholders' equity:
Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at December 31, 2023 and 2022, respectively	69	69
Common stock, $1 par value; 50,000,000 shares authorized; 13,683,127 and 13,610,198 issued; and 13,604,665 and 13,531,736 outstanding at December 31, 2023 and 2022, respectively	13,683	13,610
Additional paid-in capital	319,613	318,033
Retained earnings	78,775	53,270
Accumulated other comprehensive income (loss)	933	(2,103)
Treasury stock: at cost; 78,462 shares at December 31, 2023 and 2022, respectively	(1,099)	(1,099)
Total shareholders' equity	411,974	381,780
Total liabilities & shareholders' equity	$ 4,396,074	$ 3,773,148

About Third Coast Bancshares, Inc.

Third Coast Bancshares, Inc. operates as a bank holding company for Third Coast Bank, SSB that provides various commercial banking solutions to small and medium-sized businesses, and professionals. The company's deposit products include checking, savings, individual retirement, and money market accounts, as well as certificates of deposit. It also offers commercial and industrial loans, equipment loans, working capital lines of credit, guaranteed loans, auto finance, letters of credit, and commercial and residential real estate loans. In addition, the company provides retail and commercial online banking platforms, mobile banking apps, treasury management solutions, merchant card services, and customer digital solutions, as well as debit and credit cards. The company was founded in 2008 and is headquartered in Humble, Texas.

CEO	Mr. Bart O. Caraway CPA
WEBSITE	tcbssb.com
INDUSTRY	Banks Diversified
EMPLOYEES	377

Third Coast Bancshares, Inc. Frequently Asked Questions

What is the ticker symbol for Third Coast Bancshares, Inc.? What does TCBX stand for in stocks?

TCBX is the stock ticker symbol of Third Coast Bancshares, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Third Coast Bancshares, Inc. (TCBX)?

As of Thu May 02 2024, market cap of Third Coast Bancshares, Inc. is 280.94 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TCBX stock?

You can check TCBX's fair value in chart for subscribers.

What is the fair value of TCBX stock?

You can check TCBX's fair value in chart for subscribers. The fair value of Third Coast Bancshares, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Third Coast Bancshares, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TCBX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Third Coast Bancshares, Inc. a good stock to buy?

The fair value guage provides a quick view whether TCBX is over valued or under valued. Whether Third Coast Bancshares, Inc. is cheap or expensive depends on the assumptions which impact Third Coast Bancshares, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TCBX.

What is Third Coast Bancshares, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 02 2024, TCBX's PE ratio (Price to Earnings) is 8.41 and Price to Sales (PS) ratio is 1.05. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TCBX PE ratio will change depending on the future growth rate expectations of investors.