Third Coast Bancshares Balance Sheet

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
Cash & Equivalents	270.46	411.85	332.01	327.03	203.56	96.07
Investment Securities	316.79	115.6	167.8	33.28	29.1	2.12
Trading Asset Securities	5.79	8.83	9.21	0.39	0.49	-
Mortgage-Backed Securities	-	78.53	22.88	0.81	1.03	0.54
Total Investments	322.57	202.96	199.9	34.48	30.62	2.65
Gross Loans	3,890	3,639	3,108	2,069	1,566	809.27
Allowance for Loan Losses	-39.68	-37.02	-30.35	-19.3	-11.98	-8.12
Other Adjustments to Gross Loans	-	-	-	-	-10.4	-0.66
Net Loans	3,850	3,602	3,077	2,049	1,544	800.48
Property, Plant & Equipment	47.09	49.99	46.53	19.05	15.16	7.7
Goodwill	-	18.03	18.03	18.03	18.03	-
Other Intangible Assets	18.88	0.97	1.13	1.29	1.45	-
Loans Held for Sale	-	-	-	-	2.35	-
Accrued Interest Receivable	26.11	23.12	18.34	10.23	13.68	3.25
Long-Term Deferred Tax Assets	8.65	9.23	6.3	4.12	4.04	1.3
Other Real Estate Owned & Foreclosed	0.28	-	-	1.68	3.37	1.77
Other Long-Term Assets	83.57	78.16	73.69	34.08	30.93	15.11
Total Assets	4,628	4,396	3,773	2,499	1,867	928.34
Interest Bearing Deposits	3,505	3,028	2,615	1,497	1,156	401.68
Institutional Deposits	-	315.4	135.5	113.2	150.8	277.28
Non-Interest Bearing Deposits	489.82	459.55	486.11	531.4	327.36	128.3
Total Deposits	3,994	3,803	3,236	2,141	1,634	807.26
Short-Term Borrowings	6.87	10.69	9.22	0.39	0.28	-
Current Portion of Long-Term Debt	-	-	-	-	20.88	-
Current Portion of Leases	-	3.14	-	-	-	-
Accrued Interest Payable	7.28	4.79	2.55	0.44	1.22	1.75
Long-Term Debt	112.58	119.43	111.22	1	13	30.38
Federal Home Loan Bank Debt, Long-Term	-	-	-	50	70	30
Long-Term Leases	21.41	19.14	18.21	-	-	-
Other Long-Term Liabilities	34.63	23.76	14.02	7.38	7.68	2.44
Total Liabilities	4,177	3,984	3,391	2,200	1,747	871.82
Preferred Stock, Convertible	0.07	0.07	0.07	-	-	-
Common Stock	13.75	13.68	13.61	13.48	6.35	3.92
Additional Paid-In Capital	320.87	319.61	318.03	249.2	91.46	41.83
Retained Earnings	109.16	78.78	53.27	36.03	24.61	12.49
Treasury Stock	-1.1	-1.1	-1.1	-1.1	-0.98	-0.94
Comprehensive Income & Other	7.8	0.93	-2.1	1.39	-1.02	-0.78
Total Common Equity	450.48	411.91	381.71	299.01	120.42	56.52
Shareholders' Equity	450.55	411.97	381.78	299.01	120.42	56.52
Total Liabilities & Equity	4,628	4,396	3,773	2,499	1,867	928.34
Total Debt	140.87	152.4	138.65	51.39	104.15	60.38
Net Cash (Debt)	135.73	268.28	202.57	276.16	100.02	35.82
Net Cash Growth	-8.64%	32.43%	-26.65%	176.10%	179.24%	-
Net Cash Per Share	7.98	15.90	14.73	33.93	15.80	9.09
Filing Date Shares Outstanding	13.67	13.61	13.58	13.44	6.2	3.85
Total Common Shares Outstanding	13.67	13.6	13.53	13.4	6.2	3.85
Book Value Per Share	32.96	30.28	28.21	22.31	19.43	14.69
Tangible Book Value	431.6	392.9	362.55	279.68	100.93	56.52
Tangible Book Value Per Share	31.58	28.88	26.79	20.87	16.29	14.69

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