Third Coast Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Interest Income on Loans	289.57	248.91	146.43	98.89	80.79	47.57
Interest Income on Investments	30.32	17.63	7.52	1.73	1.45	2.36
Total Interest Income	319.89	266.54	153.95	100.62	82.24	49.93
Interest Paid on Deposits	157.19	115.04	30.7	8.53	12.3	13.79
Interest Paid on Borrowings	8.05	11.98	6.8	1.54	2.06	2.19
Total Interest Expense	165.24	127.02	37.49	10.06	14.36	15.97
Net Interest Income	154.65	139.53	116.45	90.55	67.88	33.95
Net Interest Income Growth (YoY)	15.11%	19.81%	28.60%	33.40%	99.94%	-
Gain (Loss) on Sale of Investments	-0.18	0.48	-	-	-	-
Other Non-Interest Income	9.73	7.28	6.27	4.29	2.42	1.22
Total Non-Interest Income	9.91	8.21	7.22	4.88	2.68	1.22
Non-Interest Income Growth (YoY)	26.97%	13.60%	48.07%	81.88%	120.38%	-
Revenues Before Loan Losses	164.56	147.73	123.68	95.43	70.56	35.17
Provision for Loan Losses	5.65	6.32	12.2	9.92	7.55	1.63
Revenue	158.91	141.41	111.48	85.51	63.01	33.54
Revenue Growth (YoY)	17.73%	26.85%	30.37%	35.70%	87.86%	-
Salaries and Employee Benefits	61.09	59.09	53.84	47.05	28.99	19.75
Occupancy Expenses	7.87	6.86	5.12	3.76	2.97	1.61
Selling, General & Administrative	21.33	23.21	19.43	14.04	10.51	6.54
Other Non-Interest Expense	12.38	9.97	8.59	3.87	3.57	1.55
Total Non-Interest Expense	103.51	99.8	88.31	71.03	47.4	30.31
EBT Excluding Unusual Items	55.4	41.61	23.17	14.48	15.61	3.23
Pretax Income	55.4	41.61	23.17	14.48	15.61	3.23
Income Tax Expense	11.77	8.21	4.51	3.06	3.5	0.85
Net Income	43.63	33.4	18.66	11.42	12.12	2.38
Preferred Dividends & Other Adjustments	4.75	4.74	1.42	-	-	-
Net Income to Common	38.88	28.67	17.24	11.42	12.12	2.38
Net Income Growth	39.66%	79.01%	63.33%	-5.70%	408.82%	-
Basic Shares Outstanding	14	14	13	8	6	4
Diluted Shares Outstanding	17	17	14	8	6	4
Shares Change (YoY)	5.68%	22.71%	69.00%	28.58%	60.68%	-
EPS (Basic)	2.85	2.11	1.28	1.45	1.94	0.62
EPS (Diluted)	2.56	1.98	1.25	1.40	1.91	0.60
EPS Growth	38.69%	58.32%	-10.71%	-26.70%	218.33%	-
Effective Tax Rate	21.25%	19.73%	19.46%	21.12%	22.39%	26.35%

Source: S&P Capital IQ. Banks template. Financial Sources.