Third Coast Bancshares, Inc. (TCBX)

Third Coast Bancshares Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	295.26	248.91	146.43	98.89	80.79
Interest Income on Investments	33.1	17.63	7.52	1.73	1.45
Total Interest Income	328.36	266.54	153.95	100.62	82.24
Interest Paid on Deposits	159.75	115.04	30.7	8.53	12.3
Interest Paid on Borrowings	7.85	11.98	6.8	1.54	2.06
Total Interest Expense	167.6	127.02	37.49	10.06	14.36
Net Interest Income	160.76	139.53	116.45	90.55	67.88
Net Interest Income Growth (YoY)	15.22%	19.81%	28.60%	33.40%	99.94%
Gain (Loss) on Sale of Investments	-0	0.48	-	-	-
Other Non-Interest Income	10.6	7.28	6.27	4.29	2.42
Total Non-Interest Income	10.62	8.21	7.22	4.88	2.68
Non-Interest Income Growth (YoY)	29.45%	13.59%	48.07%	81.88%	120.38%
Revenues Before Loan Losses	171.38	147.73	123.68	95.43	70.56
Provision for Loan Losses	5.7	6.32	12.2	9.92	7.55
Revenue	165.68	141.41	111.48	85.51	63.01
Revenue Growth (YoY)	17.16%	26.85%	30.37%	35.70%	87.86%
Salaries and Employee Benefits	61.17	58.77	53.84	47.05	28.99
Occupancy Expenses	8.02	6.86	5.12	3.76	2.97
Selling, General & Administrative	21.82	23.54	19.43	14.04	10.51
Other Non-Interest Expense	12.42	9.97	8.94	3.87	3.57
Total Non-Interest Expense	104.33	99.8	88.31	71.03	47.4
EBT Excluding Unusual Items	61.35	41.61	23.17	14.48	15.61
Pretax Income	61.35	41.61	23.17	14.48	15.61
Income Tax Expense	13.68	8.21	4.51	3.06	3.5
Net Income	47.67	33.4	18.66	11.42	12.12
Preferred Dividends & Other Adjustments	4.75	4.74	1.42	-	-
Net Income to Common	42.92	28.67	17.24	11.42	12.12
Net Income Growth	42.72%	79.01%	63.33%	-5.70%	408.82%
Basic Shares Outstanding	14	14	13	8	6
Diluted Shares Outstanding	17	17	14	8	6
Shares Change (YoY)	1.52%	22.71%	69.00%	28.58%	60.68%
EPS (Basic)	3.14	2.11	1.28	1.45	1.94
EPS (Diluted)	2.78	1.98	1.25	1.40	1.91
EPS Growth	40.59%	58.32%	-10.71%	-26.70%	218.33%
Effective Tax Rate	22.30%	19.73%	19.46%	21.12%	22.39%

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q