Third Coast Bancshares, Inc. (TCBX) 10-Year Financial Performance & Capital Metrics

TCBX • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutThird 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 online banking services, mobile applications, safe deposit boxes, and wire transfer services, as well as debit cards. It operates through eleven branches in Greater Houston, Dallas-Fort Worth, and Austin-San Antonio; and one branch in Detroit, Texas. The company was founded in 2008 and is headquartered in Humble, Texas.Show more

Net Interest Income $161M +15.2%
Total Revenue $338M +23.4%
Net Income $48M +42.7%
Return on Equity 10.93% +29.8%
Net Interest Margin 3.25% +2.5%
Efficiency Ratio 30.59% -15.4%
ROA 1.02% +24.9%
Equity / Assets 9.32% -0.5%
Book Value per Share 26.89 +10.2%
Tangible BV/Share 25.79 +10.8%
Debt/Equity 0.29 -16.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 82.1%
✓Efficient operations: 30.6% efficiency ratio
✓Trading at only 1.4x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y46.39%

3Y48.52%

TTM-

Profit (Net Income) CAGR

10Y-

5Y82.1%

3Y60.99%

TTM42.4%

EPS CAGR

10Y-

5Y53.15%

3Y25.69%

TTM47.58%

ROCE

10Y Avg6.75%

5Y Avg7.56%

3Y Avg8.01%

Latest10.73%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	33.95M	67.88M	90.55M	116.45M	139.53M	160.76M
NII Growth %	-	1%	0.33%	0.29%	0.2%	0.15%
Net Interest Margin %	-	-	-	-	-	-
Interest Income	49.92M	82.24M	100.61M	153.95M	266.54M	328.36M
Interest Expense	15.97M	14.36M	10.06M	37.49M	127.02M	167.6M
Loan Loss Provision	1.63M	7.55M	9.92M	12.2M	6.32M	5.7M
Non-Interest Income+	360K	1.31M	2.57M	6.24M	7.53M	9.72M
Non-Interest Income %	-	-	-	-	-	-
Total Revenue+	50.28M	83.55M	103.19M	160.18M	274.08M	338.07M
Revenue Growth %	-	0.66%	0.23%	0.55%	0.71%	0.23%
Non-Interest Expense	29.45M	46.03M	68.72M	87.32M	99.13M	103.42M
Efficiency Ratio	-	-	-	-	-	-
Operating Income+	3.23M	15.61M	14.48M	23.17M	41.61M	61.35M
Operating Margin %	-	-	-	-	-	-
Operating Income Growth %	-	3.83%	-0.07%	0.6%	0.8%	0.47%
Pretax Income+	3.23M	15.61M	14.48M	23.17M	41.61M	61.35M
Pretax Margin %	-	-	-	-	-	-
Income Tax+	852K	3.49M	3.06M	4.51M	8.21M	13.68M
Effective Tax Rate %	-	-	-	-	-	-
Net Income+	2.38M	12.12M	11.42M	18.66M	33.4M	47.67M
Net Margin %	-	-	-	-	-	-
Net Income Growth %	-	4.09%	-0.06%	0.63%	0.79%	0.43%
Net Income (Continuing)	2.38M	12.12M	11.42M	18.66M	33.4M	47.67M
EPS (Diluted)+	0.33	1.91	1.40	1.25	1.98	2.78
EPS Growth %	-	4.79%	-0.27%	-0.11%	0.58%	0.4%
EPS (Basic)	0.34	1.94	1.45	1.28	2.11	3.14
Diluted Shares Outstanding	7.12M	6.34M	8.14M	13.76M	16.88M	17.13M

Balance Sheet

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	95.85M	201.4M	326.86M	329.86M	296.93M	371.51M
Short Term Investments	536.33K	1000K	1000K	1000K	1000K	1000K
Total Investments+	801.02M	1.57B	2.08B	3.26B	3.79B	4.32B
Investments Growth %	-	0.96%	0.32%	0.57%	0.16%	0.14%
Long-Term Investments	800.48M	1.55B	2.05B	3.09B	3.61B	3.93B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-
Goodwill	0	18.03M	18.03M	18.03M	18.03M	18.84M
Intangible Assets	0	1.45M	1.29M	1.13M	969K	0
PP&E (Net)	7.7M	15.16M	19.05M	46.53M	49.99M	46.09M
Other Assets	19.21M	41.48M	43.58M	90.46M	209.12M	152.11M
Total Current Assets	99.64M	240.67M	363.52M	524.27M	498.13M	781.36M
Total Non-Current Assets	828.7M	1.63B	2.14B	3.25B	3.9B	4.16B
Total Assets+	928.34M	1.87B	2.5B	3.77B	4.4B	4.94B
Asset Growth %	-	1.01%	0.34%	0.51%	0.17%	0.12%
Return on Assets (ROA)	0%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	1.75M	1.22M	437K	2.54M	4.79M	6.28M
Total Debt+	30.38M	33.88M	1M	129.43M	141.71M	132.53M
Net Debt	-65.47M	-167.52M	-325.86M	-200.43M	-155.22M	-238.98M
Long-Term Debt	30.38M	33.88M	0	80.35M	80.55M	80.76M
Short-Term Debt	0	0	1M	30.88M	38.88M	30.88M
Other Liabilities	31.65M	76.65M	57.77M	23.25M	34.45M	32.41M
Total Current Liabilities	809M	1.64B	2.14B	3.27B	3.85B	4.35B
Total Non-Current Liabilities	62.03M	110.53M	57.77M	121.8M	137.28M	134.07M
Total Liabilities	871.03M	1.75B	2.2B	3.39B	3.98B	4.48B
Total Equity+	57.3M	121.72M	299.01M	381.78M	411.97M	460.72M
Equity Growth %	-	1.12%	1.46%	0.28%	0.08%	0.12%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-
Return on Equity (ROE)	0.04%	0.14%	0.05%	0.05%	0.08%	0.11%
Book Value per Share	8.05	19.19	36.74	27.76	24.41	26.89
Tangible BV per Share	-	-	-	-	-	-
Common Stock	3.92M	6.35M	13.48M	13.61M	13.68M	13.85M
Additional Paid-in Capital	41.83M	91.46M	249.2M	318.03M	319.61M	321.7M
Retained Earnings	12.49M	24.61M	36.03M	53.27M	78.78M	121.7M
Accumulated OCI	490	280K	1.39M	-2.1M	933K	4.51M
Treasury Stock	-940.74K	-979K	-1.1M	-1.1M	-1.1M	-1.1M
Preferred Stock	0	0	0	69K	69K	69K

Cash Flow

	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.59M	-3.65M	4.58M	21.79M	39.08M	35.14M
Operating CF Growth %	-	-2.02%	2.25%	3.75%	0.79%	-0.1%
Net Income	2.38M	12.12M	11.42M	18.66M	33.4M	47.67M
Depreciation & Amortization	869K	78K	-270K	2.56M	3.95M	4.62M
Deferred Taxes	-418K	-1.71M	-380K	-1.25M	-2.89M	-3.17M
Other Non-Cash Items	1.41M	-4.38M	-7.93M	5.71M	-2.2M	-8.54M
Working Capital Changes	-883K	-10.04M	1.09M	-5.15M	5.19M	-7.14M
Cash from Investing+	-121.7M	-500.01M	-500.06M	-1.24B	-529.53M	-520.93M
Purchase of Investments	-598.61M	-1.92B	-2B	-2.17B	-3.12B	-4.28B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-
Acquisitions	0	16.11M	0	0	0	0
Other Investing	-120.43M	-492.58M	-492.26M	-1.07B	-530.6M	-322.61M
Cash from Financing+	79.28M	611.16M	618.94M	1.22B	570.29M	495.15M
Dividends Paid	0	0	0	-221K	-4.74M	-4.75M
Share Repurchases	-527K	-38K	-121K	0	0	0
Stock Issued	0	0	162.55M	0	0	656K
Net Stock Activity	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	-1000K
Other Financing	73.31M	567.7M	509.39M	1.1B	567.03M	507.24M
Net Change in Cash+	-38.83M	107.5M	123.47M	4.99M	79.83M	9.36M
Exchange Rate Effect	0	0	0	0	0	0
Cash at Beginning	134.9M	96.06M	203.56M	327.02M	332.01M	411.85M
Cash at End	96.06M	203.56M	327.02M	332.01M	411.85M	421.2M
Interest Paid	15.79M	14.89M	10.84M	35.38M	124.77M	166.11M
Income Taxes Paid	990K	2.66M	6.22M	7.07M	8.57M	15.78M
Free Cash Flow+	611K	-5.01M	-1.04M	9.6M	35.64M	33.37M
FCF Growth %	-	-9.2%	0.79%	10.27%	2.71%	-0.06%

Banking Ratios

Metric	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.15%	13.53%	5.43%	5.48%	8.42%	10.93%
Return on Assets (ROA)	0.26%	0.87%	0.52%	0.59%	0.82%	1.02%
Net Interest Margin	3.66%	3.64%	3.62%	3.09%	3.17%	3.25%
Efficiency Ratio	58.57%	55.09%	66.6%	54.51%	36.17%	30.59%
Equity / Assets	6.17%	6.52%	11.96%	10.12%	9.37%	9.32%
Book Value / Share	8.05	19.19	36.74	27.76	24.41	26.89
NII Growth	-	99.94%	33.4%	28.6%	19.81%	15.22%

Frequently Asked Questions

Valuation & Price

Third Coast Bancshares, Inc. (TCBX) has a price-to-earnings (P/E) ratio of 13.9x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Third Coast Bancshares, Inc. (TCBX) grew revenue by 23.4% over the past year. This is strong growth.

Yes, Third Coast Bancshares, Inc. (TCBX) is profitable, generating $62.1M in net income for fiscal year 2024 (14.1% net margin).

Dividend & Returns

Yes, Third Coast Bancshares, Inc. (TCBX) pays a dividend with a yield of 0.72%. This makes it attractive for income-focused investors.

Third Coast Bancshares, Inc. (TCBX) has a return on equity (ROE) of 10.9%. This is reasonable for most industries.

Industry Metrics

Third Coast Bancshares, Inc. (TCBX) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

Third Coast Bancshares, Inc. (TCBX) has an efficiency ratio of 30.6%. This is excellent, indicating strong cost control.

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