Net interest income has demonstrated consistent expansion, rising to $53.6 million in 2026Q1, though efficiency ratios have simultaneously climbed to 37.6% due to increased operational investment.
| Net Interest Income | 206.06M | 195.22M | 160.76M | 139.53M | 116.45M | 90.55M | 67.88M | 33.95M |
| NII Growth % | 98.49% | 21.44% | 15.22% | 19.81% | 28.6% | 33.4% | 99.94% | - |
| Net Interest Margin % | 3.13% | 3.66% | 3.25% | 3.17% | 3.09% | 3.62% | 3.64% | 3.66% |
| Interest Income | 370.65M | 354.03M | 328.36M | 266.54M | 153.95M | 100.61M | 82.24M | 49.92M |
| Interest Expense | 164.59M | 158.81M | 167.6M | 127.02M | 37.49M | 10.06M | 14.36M | 15.97M |
| Loan Loss Provision | 5.47M | 5.34M | 5.7M | 6.32M | 12.2M | 9.92M | 7.55M | 1.63M |
| Non-Interest Income | 14.11M | 12.92M | 9.72M | 7.53M | 6.24M | 2.57M | 1.31M | 360K |
| Non-Interest Income % | 3.67% | 3.52% | 2.87% | 2.75% | 3.89% | 2.49% | 1.57% | 0.72% |
| Total Revenue | 384.76M | 366.95M | 338.07M | 274.08M | 160.18M | 103.19M | 83.55M | 50.28M |
| Revenue Growth % | 51.97% | 8.54% | 23.35% | 71.1% | 55.24% | 23.5% | 66.16% | - |
| Non-Interest Expense | 128.06M | 117.8M | 103.42M | 99.13M | 87.32M | 68.72M | 46.03M | 29.45M |
| Efficiency Ratio | 33.28% | 32.1% | 30.59% | 36.17% | 54.51% | 66.6% | 55.09% | 58.57% |
| Operating Income | 86.64M | 84.99M | 61.35M | 41.61M | 23.17M | 14.48M | 15.61M | 3.23M |
| Operating Margin % | 22.52% | 23.16% | 18.15% | 15.18% | 14.46% | 14.04% | 18.68% | 6.43% |
| Operating Income Growth % | - | 38.53% | 47.44% | 79.61% | 59.97% | -7.22% | 382.83% | - |
| Pretax Income | 84.39M | 82.75M | 61.35M | 41.61M | 23.17M | 14.48M | 15.61M | 3.23M |
| Pretax Margin % | 21.93% | 22.55% | 18.15% | 15.18% | 14.46% | 14.04% | 18.68% | 6.43% |
| Income Tax | 15.32M | 16.45M | 13.68M | 8.21M | 4.51M | 3.06M | 3.49M | 852K |
| Effective Tax Rate % | 18.16% | 19.89% | 22.3% | 19.73% | 19.46% | 21.12% | 22.38% | 26.35% |
| Net Income | 69.07M | 66.29M | 47.67M | 33.4M | 18.66M | 11.42M | 12.12M | 2.38M |
| Net Margin % | 17.95% | 18.07% | 14.1% | 12.19% | 11.65% | 11.07% | 14.5% | 4.74% |
| Net Income Growth % | 35.72% | 39.06% | 42.72% | 79.01% | 63.33% | -5.7% | 408.82% | - |
| Net Income (Continuing) | 69.07M | 66.29M | 47.67M | 33.4M | 18.66M | 11.42M | 12.12M | 2.38M |
| EPS (Diluted) | 4.22 | 3.79 | 2.78 | 1.98 | 1.25 | 1.40 | 1.91 | 0.33 |
| EPS Growth % | 48.12% | 36.33% | 40.4% | 58.4% | -10.71% | -26.7% | 478.79% | - |
| EPS (Basic) | - | 4.45 | 3.14 | 2.11 | 1.28 | 1.45 | 1.94 | 0.34 |
| Diluted Shares Outstanding | 16.37M | 16.37M | 17.13M | 16.88M | 13.76M | 8.14M | 6.34M | 7.12M |
Geographic concentration in Texas
According to the provided financial data, Third Coast Bancshares achieved consistent NII growth, rising from $37.3 million in 2023Q4 to $53.6 million by 2026Q1, reflecting a robust expansionary phase driven by successful loan volume capture within the competitive Texas metropolitan banking markets.
The consistent quarter-over-quarter growth in NII suggests that the bank is effectively leveraging its localized relationship model to scale its loan book. Investors should monitor whether this trajectory can be maintained as the bank faces potential deposit pricing pressures in the high-growth Texas corridor.
As reported in the quarterly financial statements, the bank's net interest margin has remained relatively tight, fluctuating between 0.8% and 1.0% over the last ten quarters, which indicates a challenging environment for spread expansion despite the bank's aggressive growth in its core loan portfolio.
The narrow NIM range suggests that the cost of funding is largely offsetting the yields generated from the bank's C&I and CRE lending activities. This compression warrants further investigation into the bank's deposit beta and its ability to retain low-cost funding in a competitive rate environment.
Based on the reported figures, the efficiency ratio has shown volatility, peaking at 37.6% in 2026Q1, which implies that the bank's non-interest expenses are rising in tandem with its revenue expansion as it continues to invest in its physical branch footprint across the Texas Golden Triangle.
The fluctuation in the efficiency ratio suggests that the bank is currently prioritizing market share acquisition over immediate operating leverage. Analysts should monitor whether these investments in infrastructure will eventually yield the expected economies of scale or if overhead costs will continue to weigh on profitability.
Data from the income statement reveals that provision for credit losses has been inconsistent, ranging from zero in 2025Q4 to $2.8 million in 2025Q3, suggesting that management is actively adjusting its credit loss reserves in response to shifting economic expectations within the Texas SMB sector.
The variability in provision expense may indicate a proactive approach to risk management, though it complicates the predictability of quarterly net income. Investors should scrutinize whether these provisions are sufficient to cover potential asset quality deterioration in the bank's concentrated commercial real estate portfolio.
Quick answers to the most common questions about buying TCBX stock.
Third Coast Bancshares, Inc. (TCBX) is profitable, generating $66.3M in net income for the fiscal year ending 2025 with a net profit margin of 18.1%.
Third Coast Bancshares, Inc. (TCBX) reported an operating income of $85.0M, resulting in an operating profit margin of 23.2%. This margin reflects the operational efficiency of the business before interest and taxes.
Third Coast Bancshares, Inc. (TCBX) generated $202.8M in gross profit for the year, representing a gross profit margin of 55.3%. This demonstrates the company's core pricing power and production efficiency.