Third Coast Bancshares, Inc. (TCBX)

NASDAQ: TCBX · IEX Real-Time Price · USD
19.45
-0.16 (-0.79%)
Dec 5, 2022 4:00 PM EST - Market closed
-0.79%
Market Cap 264.68M
Revenue (ttm) 100.10M
Net Income (ttm) 11.49M
Shares Out 13.50M
EPS (ttm) 0.65
PE Ratio 29.92
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 34,606
Open 19.41
Previous Close 19.61
Day's Range 19.3 - 19.48
52-Week Range 16.35 - 29.48
Beta n/a
Analysts Buy
Price Target 23.80 (+22.4%)
Earnings Date Oct 27, 2022

About TCBX

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, such as equipment loans, working capital, auto finance, and commercial finance. In addition, the company provides treasury management consumer and commercial on... [Read more]

Industry Banks-Regional
IPO Date Nov 9, 2021
Employees 369
Stock Exchange NASDAQ
Ticker Symbol TCBX
Full Company Profile

Financial Performance

In 2021, TCBX's revenue was $85.51 million, an increase of 35.70% compared to the previous year's $63.01 million. Earnings were $11.42 million, a decrease of -5.70%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for TCBX stock is "Buy." The 12-month stock price forecast is 23.8, which is an increase of 22.37% from the latest price.

Price Target
$23.8
(22.37% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Third Coast Bancshares, Inc. (TCBX) Q3 Earnings and Revenues Surpass Estimates

Third Coast Bancshares, Inc. (TCBX) delivered earnings and revenue surprises of 44.12% and 7.95%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the...

1 month ago - Zacks Investment Research

THIRD COAST BANCSHARES, INC. REPORTS THIRD QUARTER 2022 FINANCIAL RESULTS

Record Quarterly Net Income and Net Interest Income HUMBLE, Texas , Oct. 26, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company", "Third Coast", "we", "us", or "our"), the ba...

1 month ago - PRNewsWire

Third Coast Bancshares, Inc. (TCBX) Earnings Expected to Grow: Should You Buy?

Third Coast Bancshares, Inc. (TCBX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Third Coast Bancshares, Inc. Declares Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock

HUMBLE, Texas , Oct. 14, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), the holding company of Third Coast Bank, SSB, today announced that its Board of Directors has declared a quarte...

1 month ago - PRNewsWire

Third Coast Bancshares, Inc. Announces 2022 Third Quarter Earnings Release and Conference Call Schedule

HUMBLE, Texas , Oct. 13, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that it will report its 2022 thi...

1 month ago - PRNewsWire

Third Coast Bancshares, Inc. Announces Closing of $69.4 Million Private Placement of Convertible Preferred Stock

HUMBLE, Texas , Oct. 3, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast" or the "Company"), the holding company for Third Coast Bank, SSB, today announced that it closed ...

2 months ago - PRNewsWire

Third Coast Bancshares, Inc. Announces Private Placement of $69.4 Million of Convertible Preferred Stock

HUMBLE, Texas , Sept. 8, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast" or the "Company"), the holding company for Third Coast Bank, SSB (the "Bank"), today announced t...

2 months ago - PRNewsWire

THIRD COAST BANCSHARES, INC. REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS

Strategic Growth Plan Includes Realignment of Production Leadership and Research and Development Initiatives HUMBLE, Texas , July 27, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (th...

4 months ago - PRNewsWire

Third Coast Bank SSB Promotes Bill Bobbora and Andrew Novarini

HUMBLE, Texas , July 26, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (Nasdaq: TCBX) (the "Company" or "Third Coast") the bank holding company for Third Coast Bank SSB, today announced the appointm...

4 months ago - PRNewsWire

THIRD COAST BANCSHARES, INC. ANNOUNCES 2022 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

HUMBLE, Texas , July 13, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that it will report its 2022 sec...

4 months ago - PRNewsWire

Third Coast Bancshares Announces Extension of Exchange Offer

HUMBLE, Texas , July 11, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. Inc. (Nasdaq: TCBX) (the "Company" or "Third Coast"), the bank holding company for Third Coast Bank, SSB, announced today that ...

4 months ago - PRNewsWire

THIRD COAST BANK JOINS NATIONAL INNOVATION CONSORTIUM

Alloy Labs Members Work Together to Drive Innovation, Build Partnerships, and Make Strategic Investments HUMBLE, Texas , July 6, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (the "Company" or "Thir...

4 months ago - PRNewsWire

Wall Street Analysts Predict a 30% Upside in Third Coast Bancshares, Inc. (TCBX): Here's What You Should Know

The average of price targets set by Wall Street analysts indicates a potential upside of 29.5% in Third Coast Bancshares, Inc. (TCBX). While the effectiveness of this highly sought-after metric is quest...

6 months ago - Zacks Investment Research

Wall Street Analysts Believe Third Coast Bancshares, Inc. (TCBX) Could Rally 30%: Here's is How to Trade

The average of price targets set by Wall Street analysts indicates a potential upside of 30.4% in Third Coast Bancshares, Inc. (TCBX). While the effectiveness of this highly sought-after metric is quest...

7 months ago - Zacks Investment Research

THIRD COAST BANCSHARES, INC. REPORTS STRONG FIRST QUARTER 2022 FINANCIAL RESULTS

Strong First Quarter Loan & Deposit Growth Exceed Plan HUMBLE, Texas , April 28, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company" or "Third Coast"), the bank holding compa...

7 months ago - PRNewsWire

Third Coast Bancshares, Inc. to Celebrate Arbor Day One Employee at a Time

Tree planting campaign reinforces Third Coast's commitment to monthlong earth-friendly initiatives HUMBLE, Texas , April 25, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coa...

7 months ago - PRNewsWire

Third Coast Bancshares, Inc. Celebrates Earth Day by Hosting Free Electronics Recycling Events

Earth Day campaign reinforces Third Coast's commitment to monthlong earth-friendly initiatives HUMBLE, Texas , April 18, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast")...

7 months ago - PRNewsWire

THIRD COAST BANCSHARES, INC. ANNOUNCES 2022 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL SCHEDULE

HUMBLE, Texas , April 14, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, today announced that it will report its 2022 fi...

7 months ago - PRNewsWire

Third Coast Bancshares, Inc. Customers Opt for E-Statements

Electronic Statements campaign reinforces Third Coast's commitment to monthlong earth-friendly initiatives HUMBLE, Texas , April 11, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("T...

7 months ago - PRNewsWire

Third Coast Bancshares, Inc. Announces Completion of $82.3 Million Fixed-to-Floating Rate Subordinated Notes Offering

HUMBLE, Texas , April 1, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX), ("Third Coast"), the holding company of Third Coast Bank, SSB, Humble, Texas, announced the issuance of approxi...

8 months ago - PRNewsWire

THIRD COAST BANK CHOOSES KLARIVIS TO BOOST CUSTOMER EXPERIENCE

HOUSTON and ROANOKE, Va. , March 24, 2022 /PRNewswire/ -- KlariVis, a fast-growing enterprise dashboard and analytics solution for the financial services industry, today announced its new relationship w...

8 months ago - PRNewsWire

THIRD COAST BANCSHARES, INC. REPORTS STRONG 2021 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

HUMBLE, Texas, Jan. 27, 2022 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company" or "Third Coast"), the bank holding company for Third Coast Bank, SSB, today reported its 2021 fou...

10 months ago - PRNewsWire

Third Coast Bancshares, Inc. Announces Closing of IPO Over-Allotment Option, Resulting in Gross Proceeds of $100.6 Mi...

HUMBLE, Texas--(BUSINESS WIRE)--Third Coast Bancshares, Inc. (NASDAQ: TCBX) (“Third Coast”), the bank holding company for Third Coast Bank, SSB, today announced the closing of the sale of 525,000 shares...

1 year ago - Business Wire

Third Coast Bancshares, Inc. Announces Closing of Upsized Initial Public Offering of Common Stock

HUMBLE, Texas--(BUSINESS WIRE)--Third Coast Bancshares, Inc. (NASDAQ: TCBX) (“Third Coast”), the bank holding company for Third Coast Bank, SSB, today announced that it has completed the upsized initial...

1 year ago - Business Wire

Third Coast Bancshares, Inc. Announces Pricing of Initial Public Offering of Common Stock

HUMBLE, Texas--(BUSINESS WIRE)--Third Coast Bancshares, Inc. (“Third Coast”), the bank holding company for Third Coast Bank, SSB, today announced the pricing of the initial public offering of 3,500,000 ...

1 year ago - Business Wire