Third Coast Bancshares, Inc. (TCBX) Financial Ratios
7 years of historical data (2019–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
5.73
↑+30% vs avg
5yr avg: 4.42
30Y Low2.1·High6.5
P/FCF
↓
11.52
↓-30% vs avg
5yr avg: 16.54
30Y Low9.4·High26.4
P/B Ratio
↑
1.24
↑+34% vs avg
5yr avg: 0.92
30Y Low0.7·High1.3
ROE
↑
13.4%
↓+53% vs avg
5yr avg: 8.7%
30Y Low4%·High14%
Debt/EBITDA
↑
1.52
↓-35% vs avg
5yr avg: 2.35
30Y Low0.1·High7.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TCBX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Third Coast Bancshares, Inc. trades at 10.6x earnings, 19% below its 5-year average of 13.1x, sitting at the 40th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.9x, the stock trades at a discount of 24%. On a free-cash-flow basis, the stock trades at 11.5x P/FCF, 30% below the 5-year average of 16.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $555M | $622M | $582M | $335M | $254M | $211M | — | — |
| Enterprise Value | $516M | $584M | $343M | $180M | $53M | $-114412780 | — | — |
| P/E Ratio → | 10.58 | 10.03 | 12.21 | 10.04 | 14.74 | 18.56 | — | — |
| P/S Ratio | 1.51 | 1.70 | 1.72 | 1.22 | 1.58 | 2.05 | — | — |
| P/B Ratio | 1.24 | 1.17 | 1.26 | 0.81 | 0.66 | 0.71 | — | — |
| P/FCF | 11.52 | 12.92 | 17.43 | 9.41 | 26.40 | — | — | — |
| P/OCF | 10.91 | 12.24 | 16.56 | 8.58 | 11.63 | 46.13 | — | — |
P/E links to full P/E history page with 30-year chart
TCBX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Third Coast Bancshares, Inc.'s enterprise value stands at 5.7x EBITDA, 30% above its 5-year average of 4.4x. The Financial Services sector median is 11.5x, placing the stock at a 50% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.59 | 1.01 | 0.66 | 0.33 | -1.11 | — | — |
| EV / EBITDA | 5.73 | 6.48 | 5.20 | 3.95 | 2.06 | -8.05 | — | — |
| EV / EBIT | 6.07 | 6.87 | 5.59 | 4.33 | 2.29 | -7.90 | — | — |
| EV / FCF | — | 12.12 | 10.27 | 5.05 | 5.53 | — | — | — |
TCBX Profitability
Margins and return-on-capital ratios measuring operating efficiency
Third Coast Bancshares, Inc. earns an operating margin of 23.2%, above the Financial Services sector average of 20.2%. Operating margins have expanded from 15.2% to 23.2% over the past 3 years, signaling improving operational efficiency. ROE of 13.4% is modest. ROIC of 10.1% represents solid returns on invested capital versus a sector median of 5.4%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.3% | 55.3% | 48.7% | 51.3% | 69.0% | 80.6% | 73.8% | 65.0% |
| Operating Margin | 23.2% | 23.2% | 18.1% | 15.2% | 14.5% | 14.0% | 18.7% | 6.4% |
| Net Profit Margin | 18.1% | 18.1% | 14.1% | 12.2% | 11.6% | 11.1% | 14.5% | 4.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 13.4% | 13.4% | 10.9% | 8.4% | 5.5% | 5.4% | 13.5% | 4.2% |
| ROA | 1.3% | 1.3% | 1.0% | 0.8% | 0.6% | 0.5% | 0.9% | 0.3% |
| ROIC | 10.1% | 10.1% | 8.0% | 5.9% | 4.3% | 4.8% | 9.6% | 2.8% |
| ROCE | 13.4% | 13.4% | 10.7% | 7.9% | 5.4% | 4.9% | 8.9% | 2.7% |
TCBX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Third Coast Bancshares, Inc. carries a Debt/EBITDA ratio of 1.5x, which is manageable (64% below the sector average of 4.3x). The company holds a net cash position — cash of $175M exceeds total debt of $137M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.5x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.29 | 0.34 | 0.34 | 0.00 | 0.28 | 0.53 |
| Debt / EBITDA | 1.52 | 1.52 | 2.01 | 3.11 | 5.03 | 0.07 | 2.16 | 7.40 |
| Net Debt / Equity | — | -0.07 | -0.52 | -0.38 | -0.52 | -1.09 | -1.38 | -1.14 |
| Net Debt / EBITDA | -0.43 | -0.43 | -3.62 | -3.41 | -7.79 | -22.93 | -10.68 | -15.96 |
| Debt / FCF | — | -0.80 | -7.16 | -4.36 | -20.87 | — | — | -107.16 |
| Interest Coverage | 0.54 | 0.54 | 0.37 | 0.33 | 0.62 | 1.44 | 1.09 | 0.20 |
Net cash position: cash ($175M) exceeds total debt ($137M)
TCBX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.09x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.09 | 0.09 | 0.18 | 0.13 | 0.16 | 0.17 | 0.15 | 0.12 |
| Quick Ratio | 0.09 | 0.09 | 0.18 | 0.13 | 0.16 | 0.17 | 0.15 | 0.12 |
| Cash Ratio | 0.04 | 0.04 | 0.09 | 0.08 | 0.10 | 0.15 | 0.12 | 0.12 |
| Asset Turnover | — | 0.07 | 0.07 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
TCBX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Third Coast Bancshares, Inc. returns 0.7% to shareholders annually primarily through dividends. The earnings yield of 9.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.5% | 10.0% | 8.2% | 10.0% | 6.8% | 5.4% | — | — |
| FCF Yield | 8.7% | 7.7% | 5.7% | 10.6% | 3.8% | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.7% | — | — | — | — | — | — | — |
| Shares Outstanding | — | $16M | $17M | $17M | $14M | $8M | $6M | $7M |
Peer Comparison
Compare TCBX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TCBXYou | $555M | 10.6 | 5.7 | 11.5 | 55.3% | 23.2% | 13.4% | 10.1% | 1.5 |
 FFIN | $5B | 19.0 | 11.8 | 15.7 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 SBSI | $1B | 15.0 | 16.6 | 13.9 | 55.8% | 19.7% | 8.3% | 3.7% | 8.9 |
 TCBI | $4B | 14.9 | 7.4 | 12.9 | 60.6% | 22.2% | 9.4% | 7.0% | 2.0 |
 SFNC | $3B | -7.6 | — | 7.7 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 HOMB | $6B | 11.7 | 9.5 | 11.6 | 77.3% | 43.8% | 11.5% | 8.7% | 1.5 |
 LKFN | $2B | 15.4 | 13.3 | 15.5 | 61.0% | 29.8% | 14.3% | 11.6% | 1.4 |
 BANR | $2B | 11.9 | 9.8 | 9.2 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 CVBF | $3B | 14.0 | 13.4 | 13.3 | 79.9% | 43.8% | 9.3% | 6.8% | 3.5 |
 FIS | $20B | 52.3 | 6.5 | 7.2 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISV | $29B | 8.5 | 6.4 | 6.6 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
| Financial Services Median | — | 13.9 | 11.5 | 11.2 | 64.1% | 20.2% | 9.0% | 5.4% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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Compare NowTCBX — Frequently Asked Questions
Quick answers to the most common questions about buying TCBX stock.
What is Third Coast Bancshares, Inc.'s P/E ratio?
Third Coast Bancshares, Inc.'s current P/E ratio is 10.6x. The historical average is 13.1x. This places it at the 40th percentile of its historical range.
What is Third Coast Bancshares, Inc.'s EV/EBITDA?
Third Coast Bancshares, Inc.'s current EV/EBITDA is 5.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.4x.
What is Third Coast Bancshares, Inc.'s ROE?
Third Coast Bancshares, Inc.'s return on equity (ROE) is 13.4%. The historical average is 8.8%.
Is TCBX stock overvalued?
Based on historical data, Third Coast Bancshares, Inc. is trading at a P/E of 10.6x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Third Coast Bancshares, Inc.'s dividend yield?
Third Coast Bancshares, Inc.'s current dividend yield is 0.72%.
What are Third Coast Bancshares, Inc.'s profit margins?
Third Coast Bancshares, Inc. has 55.3% gross margin and 23.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Third Coast Bancshares, Inc. have?
Third Coast Bancshares, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.