Liquidity management remains highly active, with investment securities turnover reaching $5.1 billion in 2025Q3, while operating cash flow volatility remains a concern after swinging to negative $38.7 million in 2026Q1.
| Cash from Operations | 1.66M | 50.84M | 35.14M | 39.08M | 21.79M | 4.58M | -3.65M | 3.59M |
| Operating CF Growth % | -127% | 44.69% | -10.08% | 79.32% | 375.37% | 225.45% | -201.87% | - |
| Net Income | 69.07M | 66.29M | 47.67M | 33.4M | 18.66M | 11.42M | 12.12M | 2.38M |
| Depreciation & Amortization | 3.6M | 206K | 4.62M | 3.95M | 2.56M | -270K | 78K | 869K |
| Deferred Taxes | 2.39M | 3.29M | -3.17M | -2.89M | -1.25M | -380K | -1.71M | -418K |
| Other Non-Cash Items | -17.15M | -12.26M | -8.54M | -2.2M | 5.71M | -7.93M | -4.38M | 1.41M |
| Working Capital Changes | -57.95M | -8.3M | -7.14M | 5.19M | -5.15M | 1.09M | -10.04M | -883K |
| Cash from Investing | -544.82M | -610.2M | -520.93M | -529.53M | -1.24B | -500.06M | -500.01M | -121.7M |
| Purchase of Investments | -5.45B | -192.52M | -4.28B | -3.12B | -2.17B | -2B | -1.92B | -598.61M |
| Sale/Maturity of Investments | 5.3B | 610K | 4.08B | 3.12B | 2.01B | 2B | 1.9B | 600.32M |
| Net Investment Activity | -155.83M | -191.91M | -196.55M | 4.5M | -161.93M | -2.19M | -22.18M | 1.71M |
| Acquisitions | 64.13M | 0 | 0 | 0 | 0 | 0 | 16.11M | 0 |
| Other Investing | -436.8M | -418.29M | -322.61M | -530.6M | -1.07B | -492.26M | -492.58M | -120.43M |
| Cash from Financing | 645.1M | 319.39M | 495.15M | 570.29M | 1.22B | 618.94M | 611.16M | 79.28M |
| Dividends Paid | -4.75M | -4.75M | -4.75M | -4.74M | -221K | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -121K | -38K | -527K |
| Stock Issued | 633K | 779K | 656K | 47K | 1.53M | 162.55M | 0 | 0 |
| Net Stock Activity | 633K | 779K | 656K | 47K | 1.53M | 162.43M | -38K | -527K |
| Debt Issuance (Net) | 3M | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K |
| Other Financing | 622.21M | 316.36M | 507.24M | 566.98M | 1.1B | 509.39M | 567.7M | 73.31M |
| Net Change in Cash | 101.94M | -239.97M | 9.36M | 79.83M | 4.99M | 123.47M | 107.5M | -38.83M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 181.23M | 421.2M | 411.85M | 332.01M | 327.02M | 203.56M | 96.06M | 134.9M |
| Cash at End | 431.31M | 181.23M | 421.2M | 411.85M | 332.01M | 327.02M | 203.56M | 96.06M |
| Interest Paid | 164.42M | 159.14M | 166.11M | 124.77M | 35.38M | 10.84M | 14.89M | 15.79M |
| Income Taxes Paid | 38.26M | 22.82M | 15.78M | 8.57M | 7.07M | 6.22M | 2.66M | 990K |
| Free Cash Flow | -14.65M | 48.16M | 33.37M | 35.64M | 9.6M | -1.04M | -5.01M | 611K |
| FCF Growth % | -143.19% | 44.31% | -6.36% | 271.15% | 1026.83% | 79.31% | -919.64% | - |
Geographic concentration in Texas
As reported in recent financial filings, Third Coast Bancshares consistently retains the vast majority of its net income, with quarterly dividends held steady at $1.2 million, suggesting a strategic prioritization of capital reinvestment to support the bank's ongoing expansion across the competitive Texas Golden Triangle market.
The bank's decision to maintain a flat dividend payout despite rising net income indicates a clear focus on funding organic loan growth through retained earnings. This approach appears to be a deliberate strategy to avoid external equity dilution while scaling its footprint in high-growth metropolitan areas.
Based on the provided cash flow data, TCBX exhibits significant quarterly volatility in its investment securities activity, with purchase and sale volumes occasionally reaching $5.1 billion, which implies a highly active liquidity management strategy rather than a passive hold-to-maturity approach to its investment portfolio.
The massive swings in investment purchases and sales suggest that the bank uses its securities portfolio as a primary lever for managing short-term liquidity needs. Investors should monitor whether this high turnover reflects tactical interest rate positioning or a necessity to offset fluctuations in core deposit funding.
According to the quarterly cash flow statements, operating cash flow has been notably inconsistent, swinging from a negative $38.7 million in 2026Q1 to a positive $22.0 million in 2024Q3, reflecting the inherent difficulty in reconciling bank operating cash flows with rapid loan origination cycles.
The negative OCF/NI ratio of -2.36 in 2026Q1 highlights how aggressive loan originations can temporarily distort cash flow metrics in a banking model. This volatility warrants further investigation into whether the bank is experiencing timing mismatches between loan funding requirements and the receipt of interest income.
As indicated by the historical data, TCBX has maintained a consistent quarterly dividend of $1.2 million, which appears sustainable given the bank's current earnings trajectory, though the lack of share buybacks suggests that management remains fully committed to deploying all excess capital into regional expansion.
The stability of the dividend payout provides a baseline for shareholder return, yet the absence of buybacks underscores the bank's growth-at-all-costs posture. This capital allocation strategy may be appropriate for a regional player, but it leaves little room for error if the Texas economic environment softens.
Quick answers to the most common questions about buying TCBX stock.
Third Coast Bancshares, Inc. (TCBX) generated $50.8M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Third Coast Bancshares, Inc. (TCBX) generated $48.2M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Third Coast Bancshares, Inc. (TCBX) spent $2.7M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Third Coast Bancshares, Inc. (TCBX) returned $4.8M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.