View ValuationThird Coast Bancshares 향후 성장Future 기준 점검 3/6Third Coast Bancshares은 연간 수입과 매출이 각각 17.2%와 13.6% 증가할 것으로 예상되고 EPS는 연간 2.1%만큼 감소할 것으로 예상됩니다.핵심 정보17.2%이익 성장률-2.06%EPS 성장률Banks 이익 성장8.2%매출 성장률13.6%향후 자기자본이익률n/a애널리스트 커버리지Low마지막 업데이트26 Apr 2026최근 향후 성장 업데이트Price Target Changed • Jul 29Price target increased by 8.5% to US$42.67Up from US$39.33, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of US$39.00. Stock is up 65% over the past year. The company is forecast to post earnings per share of US$3.49 for next year compared to US$3.14 last year.Price Target Changed • Jul 25Price target increased by 9.7% to US$41.33Up from US$37.67, the current price target is an average from 3 analysts. New target price is 13% above last closing price of US$36.60. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$3.52 for next year compared to US$3.14 last year.Price Target Changed • Apr 25Price target decreased by 7.6% to US$37.67Down from US$40.75, the current price target is an average from 3 analysts. New target price is 33% above last closing price of US$28.24. Stock is up 42% over the past year. The company is forecast to post earnings per share of US$3.11 for next year compared to US$3.14 last year.Major Estimate Revision • Jan 29Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$182.0m to US$191.2m. EPS estimate increased from US$2.81 to US$3.15 per share. Net income forecast to grow 23% next year vs 11% growth forecast for Banks industry in the US. Consensus price target up from US$36.75 to US$40.75. Share price rose 7.7% to US$35.91 over the past week.Price Target Changed • Jan 27Price target increased by 9.5% to US$40.25Up from US$36.75, the current price target is an average from 4 analysts. New target price is 9.3% above last closing price of US$36.82. Stock is up 84% over the past year. The company is forecast to post earnings per share of US$3.20 for next year compared to US$3.14 last year.Price Target Changed • Jan 24Price target increased by 12% to US$38.50Up from US$34.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$36.69. Stock is up 85% over the past year. The company is forecast to post earnings per share of US$3.20 for next year compared to US$3.14 last year.모든 업데이트 보기Recent updatesSeeking Alpha • 10hThird Coast Bancshares' Drop Doesn't Mean To Give UpSummary Third Coast Bancshares remains a 'Buy,' supported by robust balance sheet growth and attractive valuation post-Keystone Bancshares merger. TCBX demonstrates strong deposit growth, low uninsured deposit exposure (9.7%), and expanding loan and securities portfolios. Despite a slight decline in net interest margin to 3.67%, net interest income and net profits have both increased meaningfully. TCBX trades at a compelling 8.1x forward P/E and maintains solid asset quality, though non-performing assets are slightly above preferred thresholds. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • May 11Independent Director exercised options to buy US$231k worth of stock.On the 7th of May, Shelton McDonald exercised options to buy 6k shares at a strike price of around US$16.43, costing a total of US$99k. This transaction amounted to 80% of their direct individual holding at the time of the trade. Since June 2025, Shelton's direct individual holding has increased from 7.48k shares to 13.48k. Company insiders have collectively bought US$567k more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Apr 23First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: US$1.03 (up from US$0.90 in 1Q 2025). Revenue: US$57.1m (up 26% from 1Q 2025). Net income: US$15.2m (up 22% from 1Q 2025). Profit margin: 27% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.공시 • Apr 17Third Coast Bancshares, Inc., Annual General Meeting, May 21, 2026Third Coast Bancshares, Inc., Annual General Meeting, May 21, 2026. Location: at the office of third coast bank, located at 20202 highway 59 north, suite 190, texas 77338, humble, United States공시 • Apr 09Third Coast Bancshares, Inc. to Report Q1, 2026 Results on Apr 22, 2026Third Coast Bancshares, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2026New Risk • Mar 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 05Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$4.45 (up from US$3.14 in FY 2024). Revenue: US$201.3m (up 22% from FY 2024). Net income: US$61.5m (up 43% from FY 2024). Profit margin: 31% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.06% (up from 3.67% in FY 2024). Non-performing loans: 0.49% (down from 0.70% in FY 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 34% per year.공시 • Mar 05Third Coast Bancshares, Inc. Appoints Eva Pawelek as Regional President and Head of Houston Corporate BankingThird Coast Bancshares, Inc. announced the appointment of Eva Pawelek as Regional President and Head of Houston Corporate Banking. Pawelek joined the organization in October 2025 following the announced merger between Third Coast Bancshares, Inc. and Keystone Bancshares, Inc., a strategic transaction that has created one of the largest independent Texas-based banking franchises with over $6 billion in assets. In her role, Pawelek will lead the continued expansion of Third Coast's middle-market banking franchise in Houston, one of the bank's most strategic and competitive markets. She will emphasize recruiting and developing a team of seasoned bankers, deepening corporate relationships, and increasing the bank's presence across key industry verticals, including beverages, waste and environmental services, and food distribution and manufacturing. Pawelek will also partner closely with regional and select national sponsors to broaden the Third Coast's reach within the private-equity and sponsor-finance ecosystem. Pawelek brings more than 16 years of combined experience in corporate banking and private equity, giving clients both financial discipline and an owner–operator perspective well suited to the bank's relationship–driven approach. Prior to joining Third Coast, she spent two years in private equity working directly with business owners and investors to support growth initiatives, operational improvements, and capital strategy. Earlier in her career, she spent over 14 years in corporate and commercial banking, building deep expertise in credit, relationship management, and middle-market lending.공시 • Feb 03+ 2 more updatesThird Coast Bancshares, Inc. (NYSE: TCBX) completed the acquisition of Keystone Bancshares, Inc. from a group of shareholders.Third Coast Bancshares, Inc. (NYSE: TCBX) executes a letter of intent to acquire Keystone Bancshares, Inc. from a group of shareholders on August 29, 2025. Third Coast Bancshares, Inc. entered into a definitive merger agreement to acquire Keystone Bancshares, Inc. from a group of shareholders for approximately $120 million on October 22, 2025. Under the terms of the merger agreement, at the election of Keystone’s shareholders, they will receive, for each outstanding share of Keystone common stock, either (i) 0.45925 shares of Third Coast common stock or (ii) an amount of cash equal to 0.45925 multiplied by the volume-weighted average price per share of Third Coast common stock for the 20 trading day period set forth in the merger agreement. The exchange ratio is subject to a possible downward adjustment in the event Keystone’s adjusted shareholders’ equity is less than $94,576,000 as of the Calculation Date, as defined in the merger agreement. Keystone’s shareholders will be permitted to elect the form of consideration, provided that the aggregate cash consideration will not exceed $20 million. The pro forma common ownership includes: ~84.4% TCBX / ~15.6% Keystone. Following the transaction, the combined company will operate under the Third Coast name and brand. Third Coast will retain all of Keystone’s producers. Two Keystone directors to join Third Coast’s Board of Directors, including current Keystone CE effrey Wilkinson. The Agreement also provides a termination fee of $4,820,128 payable by Keystone in case of alternative acquisition proposals or changes in the recommendation of Keystone’s board of directors. The transaction has been approved unanimously by each company’s board of directors. The transaction is subject to customary closing conditions, including receipt of required regulatory approvals, the approval of Keystone’s shareholders of the merger agreement and the merger, the approval of Third Coast’s shareholders of the issuance of Third Coast common stock pursuant to the merger agreement, the registration statement of which this joint proxy statement/prospectus is a part, including any amendments or supplements thereto, will be effective under the Securities Act and no stop order suspending the effectiveness of the registration statement will be in effect or proceedings for such purpose pending before or threatened by the SEC, the shares of Third Coast common stock to be issued pursuant to the merger agreement will have been approved for listing on the NYSE, Third Coast will have received the executed Wilkinson employment agreement and the executed St. George employment agreement. The expected completion of the transaction is during the first quarter of 2026. The transaction is expected to deliver EPS accretion in year one. On January 23, 2026, Third Coast held a special meeting of shareholders, the Company’s shareholders did not vote on the proposal to adjourn or postpone the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of such adjournment or postponement to approve the Third Coast Share Issuance Proposal, because such adjournment or postponement was not necessary. Raymond James & Associates, Inc. acted as financial advisor and fairness opinion provider for Third Coast Bancshares, Inc. Raymond James will receive a transaction fee of $1.0 million, of which $250,000 was due and payable when Raymond James rendered its opinion and the remainder of which is contingent upon successful completion of the merger. Chet A. Fenimore of Fenimore Kay Harrison LLP acted as legal advisor for Keystone Bancshares, Inc. Michael G. Keeley, Evan Hardee, Todd Schroeder and Alexander Clark of Norton Rose Fulbright US LLP acted as legal advisors for Third Coast Bancshares, Inc. Justin C. Evans of Stephens Inc. acted as financial advisor and fairness opinion provider for Keystone Bancshares, Inc. Stephens is entitled to receive from Keystone reimbursement of its expenses and a fee in the amount of 1.5% of the transaction value as defined in the engagement letter between Stephens and Keystone for its services as financial advisor to Keystone, a significant portion of which is contingent upon the consummation of the proposed merger. Stephens also received a fee in the amount of $300,000 from Keystone upon rendering its fairness opinion, which opinion fee will be credited in full against the fee which will become payable to Stephens upon the closing of the proposed merger. D.F. King & Co., Inc. acted as information agent to Third Coast and will receive a fee of $15,000 plus (i) a success fee of $5,000 if Third Coast shareholders approve the Third Coast Share Issuance Proposal and (ii) reimbursement of out-of-pocket expenses for its services. Continental Stock Transfer & Trust Company acted as transfer agent and registrar to Third Coast. On December 19, 2025, it was announced that the special meeting of the shareholders of Keystone Bancshares, Inc. will be held on January 29, 2026 in order to approve the transaction. On February 2, 2026, it was announced that Jeff Wilkinson, the former Chairman and Chief Executive Officer of Keystone and Keystone Bank, will join the Board of Directors of Third Coast and Third Coast Bank and will serve as Chairman - Austin Market of Third Coast Bank. Additionally, Bryan St. George, the former President of Keystone Bank, will assume a new role at Third Coast Bank as President of Commercial Services. Third Coast Bancshares, Inc. (NYSE: TCBX) completed the acquisition of Keystone Bancshares, Inc. from a group of shareholders on February 1, 2026.Reported Earnings • Jan 22Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$4.45 (up from US$3.14 in FY 2024). Revenue: US$201.3m (up 22% from FY 2024). Net income: US$61.5m (up 43% from FY 2024). Profit margin: 31% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year.공시 • Jan 22Third Coast Bancshares, Inc. Reports Net Charge-Offs for the Three Months Ended December 31, 2025Third Coast Bancshares, Inc. reported net charge-offs for the three months ended December 31, 2025. For the period, the company reported net charge-offs of $844,000 against $879,000 a year ago.공시 • Jan 01Third Coast Bancshares, Inc. to Report Q4, 2025 Results on Jan 21, 2026Third Coast Bancshares, Inc. announced that they will report Q4, 2025 results After-Market on Jan 21, 2026Buy Or Sell Opportunity • Dec 19Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at US$40.41. The fair value is estimated to be US$51.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.Recent Insider Transactions • Nov 05Independent Director recently sold US$63k worth of stockOn the 30th of October, Troy Glander sold around 2k shares on-market at roughly US$36.96 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$624k more than they sold in the last 12 months.Reported Earnings • Oct 23Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$1.22 (up from US$0.85 in 3Q 2024). Revenue: US$51.7m (up 24% from 3Q 2024). Net income: US$16.9m (up 46% from 3Q 2024). Profit margin: 33% (up from 28% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.공시 • Oct 23Third Coast Bancshares, Inc. (NYSE:TCBX) entered into a definitive merger agreement to acquire Keystone Bancshares, Inc. for approximately $120 million.Third Coast Bancshares, Inc. (NYSE:TCBX) entered into a definitive merger agreement to acquire Keystone Bancshares, Inc. for approximately $120 million on October 22, 2025. Under the terms of the merger agreement, at the election of Keystone’s shareholders, they will receive, for each outstanding share of Keystone common stock, either (i) 0.45925 shares of Third Coast common stock or (ii) an amount of cash equal to 0.45925 multiplied by the volume-weighted average price per share of Third Coast common stock for the 20 trading day period set forth in the merger agreement. The exchange ratio is subject to a possible downward adjustment in the event Keystone’s adjusted shareholders’ equity is less than $94,576,000 as of the Calculation Date, as defined in the merger agreement. Keystone’s shareholders will be permitted to elect the form of consideration, provided that the aggregate cash consideration will not exceed $20 million. Following the transaction, the combined company will operate under the Third Coast name and brand. The transaction has been approved unanimously by each company’s board of directors. The transaction is subject to customary closing conditions, including receipt of required regulatory approvals, the approval of Keystone’s shareholders of the merger agreement and the merger, and the approval of Third Coast’s shareholders of the issuance of Third Coast common stock pursuant to the merger agreement. The expected completion of the transaction is during the first quarter of 2026. The transaction is expected to deliver EPS accretion in year one. Raymond James & Associates, Inc. acted as financial advisor for Third Coast Bancshares, Inc. Fenimore Kay Harrison LLP acted as legal advisor for Keystone Bancshares, Inc. Norton Rose Fulbright US LLP acted as legal advisor for Third Coast Bancshares, Inc. Stephens Inc. acted as financial advisor for Keystone Bancshares, Inc.Buy Or Sell Opportunity • Oct 16Now 22% undervaluedOver the last 90 days, the stock has risen 4.6% to US$37.59. The fair value is estimated to be US$47.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 14% in the next year.Buy Or Sell Opportunity • Sep 30Now 20% undervaluedOver the last 90 days, the stock has risen 10% to US$37.97. The fair value is estimated to be US$47.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 15% in the next year.New Risk • Sep 14New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$114k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.Recent Insider Transactions • Jul 31Independent Director recently sold US$114k worth of stockOn the 29th of July, Troy Glander sold around 3k shares on-market at roughly US$37.86 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$688k more than they sold in the last 12 months.Recent Insider Transactions Derivative • Jul 30Independent Director notifies of intention to sell stockTroy Glander intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of July. If the sale is conducted around the recent share price of US$36.98, it would amount to US$111k. Since March 2025, Troy's direct individual holding has increased from 32.89k shares to 33.54k. Company insiders have collectively bought US$835k more than they sold, via options and on-market transactions, in the last 12 months.Price Target Changed • Jul 29Price target increased by 8.5% to US$42.67Up from US$39.33, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of US$39.00. Stock is up 65% over the past year. The company is forecast to post earnings per share of US$3.49 for next year compared to US$3.14 last year.Price Target Changed • Jul 25Price target increased by 9.7% to US$41.33Up from US$37.67, the current price target is an average from 3 analysts. New target price is 13% above last closing price of US$36.60. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$3.52 for next year compared to US$3.14 last year.Reported Earnings • Jul 25Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$1.13 (up from US$0.70 in 2Q 2024). Revenue: US$49.9m (up 25% from 2Q 2024). Net income: US$15.6m (up 62% from 2Q 2024). Profit margin: 31% (up from 24% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.공시 • Jul 24Third Coast Bancshares, Inc. Announces Net Charge-Offs for the Second Quarter Ended June 30, 2025Third Coast Bancshares, Inc. announced net charge-offs for the second quarter ended June 30, 2025. For the quarter, the company reported net charge-offs of $2,376,000 against $1,829,000 a year ago.공시 • Jul 03Third Coast Bancshares, Inc. to Report Q2, 2025 Results on Jul 23, 2025Third Coast Bancshares, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025Recent Insider Transactions • Jun 18Director recently bought US$251k worth of stockOn the 13th of June, Dennis Bonnen bought around 8k shares on-market at roughly US$30.30 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$292k. Insiders have collectively bought US$752k more in shares than they have sold in the last 12 months.공시 • Jun 18Third Coast Bancshares, Inc. (NasdaqGS:TCBX) announces an Equity Buyback for $30 million worth of its shares.Third Coast Bancshares, Inc. (NasdaqGS:TCBX) announces a share repurchase program. Under the program, the company will repurchase up to $30 million of its common stock. The program will expire on May 22, 2026.Recent Insider Transactions • Apr 30Senior EVP & CFO recently bought US$292k worth of stockOn the 28th of April, R. McWhorter bought around 10k shares on-market at roughly US$29.21 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was R.'s only on-market trade for the last 12 months.Price Target Changed • Apr 25Price target decreased by 7.6% to US$37.67Down from US$40.75, the current price target is an average from 3 analysts. New target price is 33% above last closing price of US$28.24. Stock is up 42% over the past year. The company is forecast to post earnings per share of US$3.11 for next year compared to US$3.14 last year.Reported Earnings • Apr 24First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$0.90 (up from US$0.68 in 1Q 2024). Revenue: US$45.5m (up 17% from 1Q 2024). Net income: US$12.4m (up 35% from 1Q 2024). Profit margin: 27% (up from 24% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.공시 • Apr 24Third Coast Bancshares, Inc. Announces Net Charge-Offs for the First Quarter Ended March 31, 2025Third Coast Bancshares, Inc. announced net charge-offs for the first quarter ended March 31, 2025. For the period, the company reported net charge-offs of $398,000 against $742,000 a year ago.공시 • Apr 18Third Coast Bancshares, Inc., Annual General Meeting, May 22, 2025Third Coast Bancshares, Inc., Annual General Meeting, May 22, 2025. Location: theoffice of third coast bank, 20202highway 59north, suite 190, texas 77338, humble United StatesValuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$28.32, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$50.42 per share.공시 • Apr 03Third Coast Bancshares, Inc. to Report Q1, 2025 Results on Apr 23, 2025Third Coast Bancshares, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025Recent Insider Transactions • Mar 16Executive VP & Chief Banking Officer recently bought US$65k worth of stockOn the 14th of March, William Bobbora bought around 2k shares on-market at roughly US$32.35 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$229k more in shares than they have sold in the last 12 months.Reported Earnings • Mar 06Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$3.14 (up from US$2.11 in FY 2023). Revenue: US$165.7m (up 17% from FY 2023). Net income: US$42.9m (up 50% from FY 2023). Profit margin: 26% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.67% (down from 3.73% in FY 2023). Non-performing loans: 0.70% (up from 0.48% in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.Seeking Alpha • Feb 24Third Coast Bancshares: Solid Topline Growth, Balance Sheet To Match Growth ProspectsSummary Third Coast Bancshares demonstrates resilience with stable topline growth, prudent loan portfolio management, and decent capital adequacy amid macroeconomic volatility. TCBX's robust performance is driven by strategic expansion, increased loan demand, and prudent portfolio management, resulting in consistent net interest income growth. The stock remains underpriced with decent upside potential, but technical indicators suggest caution as momentum weakens; buying on dips is recommended. TCBX's strategic liquidity and presence in Texas, combined with economic stability, support its long-term growth and expansion prospects. Read the full article on Seeking AlphaNew Risk • Feb 21New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$75k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.Recent Insider Transactions • Feb 21Independent Director recently sold US$75k worth of stockOn the 19th of February, W. Brunson sold around 2k shares on-market at roughly US$37.54 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$136k more than they sold in the last 12 months.Seeking Alpha • Feb 06Third Coast Bancshares: Rapid Growth Prospects Makes This An Interesting PlaySummary Third Coast Bancshares has shown rapid growth in deposits and loans, with significant expansion in key Texas markets like Houston, Austin, and Dallas Fort Worth. Despite a high valuation, its strong asset quality and potential for growth in rapidly expanding markets justify a soft 'buy' rating. The company's balance sheet and income statement have improved significantly, with net interest income and non-interest income both on the rise. Return on assets and equity are higher than competitors, suggesting robust financial health and further supporting the investment thesis. Read the full article on Seeking AlphaMajor Estimate Revision • Jan 29Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$182.0m to US$191.2m. EPS estimate increased from US$2.81 to US$3.15 per share. Net income forecast to grow 23% next year vs 11% growth forecast for Banks industry in the US. Consensus price target up from US$36.75 to US$40.75. Share price rose 7.7% to US$35.91 over the past week.Price Target Changed • Jan 27Price target increased by 9.5% to US$40.25Up from US$36.75, the current price target is an average from 4 analysts. New target price is 9.3% above last closing price of US$36.82. Stock is up 84% over the past year. The company is forecast to post earnings per share of US$3.20 for next year compared to US$3.14 last year.Price Target Changed • Jan 24Price target increased by 12% to US$38.50Up from US$34.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$36.69. Stock is up 85% over the past year. The company is forecast to post earnings per share of US$3.20 for next year compared to US$3.14 last year.Reported Earnings • Jan 23Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$3.14 (up from US$2.11 in FY 2023). Revenue: US$165.7m (up 17% from FY 2023). Net income: US$42.9m (up 50% from FY 2023). Profit margin: 26% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.67% (down from 3.73% in FY 2023). Non-performing loans: 0.70% (up from 0.48% in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.공시 • Jan 23Third Coast Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter of 2024Third Coast Bancshares, Inc. reported net charge-offs for the fourth quarter of 2024. For the period, the company recorded net charge-offs of $879,000 against $1.5 million recorded for the fourth quarter of 2023.공시 • Jan 09Third Coast Bancshares, Inc. to Report Q4, 2024 Results on Jan 22, 2025Third Coast Bancshares, Inc. announced that they will report Q4, 2024 results on Jan 22, 2025Buy Or Sell Opportunity • Jan 02Now 21% undervaluedOver the last 90 days, the stock has risen 30% to US$32.84. The fair value is estimated to be US$41.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.Seeking Alpha • Nov 16Third Coast Bancshares: Earnings Outlook Is Positive, Stock Is Fairly ValuedSummary A majority of deposits but only a minority of loans will re-price in the short term. Hence, rate cuts can boost the margin. I haven’t incorporated tariffs in my outlook. Texas’ economic activity is quite strong compared to the national average, which bodes well for loan growth. The December 2025 target price suggests a 9.5% upside from the current market price. TCBX doesn’t pay a dividend on its common shares. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Nov 14Chairman exercised options and sold US$708k worth of stockOn the 8th of November, Bart Caraway exercised 93.70k options at around US$11.00, then sold 29k of the shares acquired at an average of US$35.09 per share and kept the remainder. For the year to December 2020, Bart's total compensation was 37% salary and 63% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Bart's direct individual holding has increased from 76.24k shares to 76.28k. Company insiders have collectively bought US$349k more than they sold, via options and on-market transactions, in the last 12 months.Buy Or Sell Opportunity • Nov 01Now 20% undervaluedOver the last 90 days, the stock has risen 47% to US$32.57. The fair value is estimated to be US$40.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 27% in the next 2 years.Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$33.21, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 114% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$40.90 per share.Major Estimate Revision • Oct 30Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$165.2m to US$168.7m. EPS estimate increased from US$2.35 to US$2.65 per share. Net income forecast to grow 14% next year vs 12% growth forecast for Banks industry in the US. Consensus price target up from US$29.00 to US$33.25. Share price rose 20% to US$33.21 over the past week.Price Target Changed • Oct 25Price target increased by 16% to US$33.25Up from US$28.75, the current price target is an average from 4 analysts. New target price is 6.9% above last closing price of US$31.09. Stock is up 107% over the past year. The company is forecast to post earnings per share of US$2.65 for next year compared to US$2.11 last year.Reported Earnings • Oct 24Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.85 (up from US$0.32 in 3Q 2023). Revenue: US$41.8m (up 21% from 3Q 2023). Net income: US$11.6m (up 164% from 3Q 2023). Profit margin: 28% (up from 13% in 3Q 2023). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.Buy Or Sell Opportunity • Oct 11Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to US$26.99. The fair value is estimated to be US$22.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 31% in the next 2 years.공시 • Oct 03Third Coast Bancshares, Inc. to Report Q3, 2024 Results on Oct 23, 2024Third Coast Bancshares, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024새로운 내러티브 • Sep 24Texas Bank's Critical Growth And Efficient Cost Management Signal Bright Future Efficient cost management and expansion in key Texas areas are poised to enhance future revenue, net margins, and market presence.Buy Or Sell Opportunity • Sep 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to US$25.61. The fair value is estimated to be US$21.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 21% in the next year.Price Target Changed • Jul 29Price target increased by 10% to US$27.25Up from US$24.75, the current price target is an average from 4 analysts. New target price is 10% above last closing price of US$24.71. Stock is up 19% over the past year. The company is forecast to post earnings per share of US$2.39 for next year compared to US$2.11 last year.Price Target Changed • Jul 26Price target increased by 10% to US$25.75Up from US$23.40, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$24.71. Stock is up 21% over the past year. The company is forecast to post earnings per share of US$2.39 for next year compared to US$2.11 last year.공시 • Jul 12Third Coast Bancshares, Inc. to Report Q2, 2024 Results on Jul 24, 2024Third Coast Bancshares, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024Seeking Alpha • Jul 03Third Coast Bancshares: Lack Of Differentiation Is Hurting The Bottom LineSummary Third Coast Bancshares has untapped potential due to lack of differentiation and positioning in the market. TCBX is struggling with a liquidity crunch and lack of cheap deposits, impacting bottom line growth. Despite solid top line growth, TCBX's profitability figures are below average, reflecting weakness in lack of cheap funding and differentiation. Read the full article on Seeking AlphaMajor Estimate Revision • May 01Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$162.1m to US$166.0m. EPS estimate increased from US$2.29 to US$2.57 per share. Net income forecast to grow 31% next year vs 1.5% growth forecast for Banks industry in the US. Consensus price target up from US$23.40 to US$24.75. Share price was steady at US$19.42 over the past week.공시 • Apr 27Third Coast Bancshares, Inc., Annual General Meeting, May 30, 2024Third Coast Bancshares, Inc., Annual General Meeting, May 30, 2024, at 10:00 Central Standard Time. Location: the office of Third Coast Bank located at 20202 Highway 59 North, Suite 190 Humble Texas United States Agenda: To elect four Class B directors to serve on the board of directors of the company until the company’s 2027 annual meeting of shareholders and until their respective successor or successors are duly elected and qualified or until their earlier resignation or removal; to ratify the appointment of Whitley Penn LLP as the independent registered public accounting firm of the company for the year ending December 31, 2024; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof.Reported Earnings • Apr 25First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$0.68 (up from US$0.60 in 1Q 2023). Revenue: US$38.9m (up 16% from 1Q 2023). Net income: US$9.20m (up 14% from 1Q 2023). Profit margin: 24% (in line with 1Q 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.공시 • Apr 05Third Coast Bancshares, Inc. to Report Q1, 2024 Results on Apr 24, 2024Third Coast Bancshares, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024Recent Insider Transactions Derivative • Mar 26Independent Director exercised options to buy US$95k worth of stock.On the 21st of March, Troy Glander exercised options to buy 5k shares at a strike price of around US$11.00, costing a total of US$55k. This transaction amounted to 19% of their direct individual holding at the time of the trade. Since March 2023, Troy's direct individual holding has increased from 24.33k shares to 26.93k. Company insiders have collectively bought US$899k more than they sold, via options and on-market transactions, in the last 12 months.Recent Insider Transactions Derivative • Mar 19Independent Director exercised options to buy US$99k worth of stock.On the 15th of March, Joseph Stunja exercised options to buy 5k shares at a strike price of around US$11.00, costing a total of US$55k. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. Since March 2023, Joseph's direct individual holding has increased from 131.43k shares to 134.89k. Company insiders have collectively bought US$789k more than they sold, via options and on-market transactions, in the last 12 months.Reported Earnings • Mar 10Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: US$2.11 (up from US$1.28 in FY 2022). Revenue: US$141.4m (up 27% from FY 2022). Net income: US$28.7m (up 66% from FY 2022). Profit margin: 20% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.73% (down from 3.82% in FY 2022). Non-performing loans: 0.48% (up from 0.39% in FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.공시 • Mar 06Third Coast Bancshares, Inc. Announces Organizational Changes to Drive Future GrowthThird Coast Bancshares, Inc. announced two executive promotions to strategically align its operational, risk, and legal functions. The new leadership roles for Vicki Alexander and Liz Eber reflect Third Coast's strategic focus on operational excellence and prudent risk management as foundations for sustainable, profitable growth. Alexander, who joined the Company as Chief Compliance and Risk Officer in September 2022, has been designated as the Chief Risk and Operations Officer, effective March 1, 2024. In this new capacity, Alexander will oversee Third Coast's operations, including the Company's risk and compliance functions. Eber, who joined the Company as Head of Legal in January 2023, has been named the Chief Legal Officer, effective March 1, 2024. In addition to the legal department, Eber will also supervise communications and marketing.Price Target Changed • Jan 30Price target increased by 8.3% to US$23.40Up from US$21.60, the current price target is an average from 5 analysts. New target price is 18% above last closing price of US$19.78. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of US$2.28 for next year compared to US$2.11 last year.공시 • Jan 27Third Coast Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter of 2023Third Coast Bancshares, Inc. reported net charge-offs for the fourth quarter of 2023. Net charge-offs of $1.5 million for the quarter were primarily the result of the charge-off of one C&I revolving line of credit.Reported Earnings • Jan 26Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: US$2.11 (up from US$1.28 in FY 2022). Revenue: US$141.4m (up 27% from FY 2022). Net income: US$28.7m (up 66% from FY 2022). Profit margin: 20% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.공시 • Jan 05Third Coast Bancshares, Inc. to Report Q4, 2023 Results on Jan 25, 2024Third Coast Bancshares, Inc. announced that they will report Q4, 2023 results After-Market on Jan 25, 2024Price Target Changed • Oct 30Price target decreased by 11% to US$20.50Down from US$23.00, the current price target is an average from 4 analysts. New target price is 37% above last closing price of US$15.00. Stock is down 23% over the past year. The company is forecast to post earnings per share of US$1.94 for next year compared to US$1.28 last year.Reported Earnings • Oct 27Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: US$0.32 (down from US$0.50 in 3Q 2022). Revenue: US$34.5m (up 11% from 3Q 2022). Net income: US$4.39m (down 35% from 3Q 2022). Profit margin: 13% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US.공시 • Oct 26Third Coast Bancshares, Inc. Reports Unaudited Net Charge-Offs Results for the Third Quarter Ended September 30, 2023Third Coast Bancshares, Inc. reported unaudited net charge-offs results for the third quarter ended September 30, 2023. For the quarter, the company recorded net charge-offs of $24,000 against $457,000 a year ago.공시 • Oct 05Third Coast Bancshares, Inc. to Report Q3, 2023 Results on Oct 25, 2023Third Coast Bancshares, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023공시 • Sep 26Michael Deckert Resigns as Executive Vice President and Chief Operating Officer of Third Coast Bancshares, Inc. and Third Coast Bank, SSBOn September 25, 2023, Third Coast Bancshares, Inc. announced that Michael Deckert resigned as Executive Vice President and Chief Operating Officer of the Company and Third Coast Bank, SSB, the Company’s wholly owned subsidiary, effective September 22, 2023.New Risk • Aug 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.Reported Earnings • Jul 28Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: US$0.57 (up from US$0.17 in 2Q 2022). Revenue: US$35.0m (up 36% from 2Q 2022). Net income: US$7.71m (up 238% from 2Q 2022). Profit margin: 22% (up from 8.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US.공시 • Jul 28Third Coast Bancshares, Inc. Appoints David Phelps to Board of DirectorsThird Coast Bancshares, Inc. announced the appointment of David Phelps to its Board of Directors, effective immediately. Mr. Phelps, who has been a Director on the Third Coast Bank Board since June 2022, was formerly the leader of the Business Advisory practice of Briggs & Veselka. During his tenure, Phelps led the Business Advisory practice with more than 30 years of experience providing internal audit, Sarbanes-Oxley Act compliance, accounting support, efficiency analysis, and policy and procedure development services to various industries. Phelps retired from Briggs & Veselka at the end of 2020. During his career, Phelps served as the Chief Risk Officer and Internal Audit Director for a publicly traded financial services company. Phelps also spent a decade as the Director of Risk Management at a public bank. As a respected industry leader, Mr. Phelps has made significant contributions to the financial services sector for over 50 financial institutions ranging in size from small community banks to institutions in excess of several billion. With his extensive background in financial services and banking, the appointment of Mr. Phelps to the Board of Directors represents an exciting opportunity for Third Coast to leverage his exceptional skills, leadership, and industry experience to drive continued growth and profitability.공시 • Jul 12Third Coast Bancshares, Inc. Announces Demise of Norma J. Galloway, As DirectorThe Board of Directors of Third Coast Bancshares, Inc. is deeply saddened to report that Norma J. Galloway, a Director of the Company since 2019 and a former executive officer of the Company’s subsidiary, Third Coast Bank, SSB, passed away unexpectedly on July 7, 2023.공시 • Jul 06Third Coast Bancshares, Inc. to Report Q2, 2023 Results on Jul 26, 2023Third Coast Bancshares, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2023Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$15.11, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in the US. Total loss to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$12.15 per share.Recent Insider Transactions • May 10Chief Financial Officer recently bought US$68k worth of stockOn the 5th of May, R. McWhorter bought around 5k shares on-market at roughly US$12.87 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was R.'s only on-market trade for the last 12 months.Price Target Changed • Apr 08Price target decreased by 7.4% to US$21.00Down from US$22.67, the current price target is an average from 3 analysts. New target price is 40% above last closing price of US$15.01. Stock is down 33% over the past year. The company is forecast to post earnings per share of US$2.15 for next year compared to US$1.28 last year.Reported Earnings • Mar 16Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$1.28. Revenue: US$111.5m (up 30% from FY 2021). Net income: US$17.2m (up 51% from FY 2021). Profit margin: 16% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.82% (down from 4.65% in FY 2021). Non-performing loans: 0.39% (down from 0.75% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$14.86, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Banks industry in the US. Total loss to shareholders of 34% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$14.08 per share.Major Estimate Revision • Feb 02Consensus EPS estimates increase by 14%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$148.9m to US$145.1m. EPS estimate rose from US$1.96 to US$2.23. Net income forecast to grow 54% next year vs 9.5% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$22.67. Share price rose 2.1% to US$18.99 over the past week.Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Director Tony Scavuzzo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Jan 27Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$1.28. Revenue: US$111.5m (up 30% from FY 2021). Net income: US$17.2m (up 51% from FY 2021). Profit margin: 16% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.공시 • Jan 13Third Coast Bancshares, Inc. to Report Q4, 2022 Results on Jan 26, 2023Third Coast Bancshares, Inc. announced that they will report Q4, 2022 results After-Market on Jan 26, 2023Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$0.50 (up from US$0.29 in 3Q 2021). Revenue: US$31.0m (up 50% from 3Q 2021). Net income: US$6.77m (up 184% from 3Q 2021). Profit margin: 22% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in the US.Major Estimate Revision • Nov 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$120.8m to US$124.0m. EPS estimate fell from US$1.40 to US$1.24 per share. Net income forecast to grow 122% next year vs 14% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$23.33. Share price rose 16% to US$19.86 over the past week.이익 및 매출 성장 예측NYSE:TCBX - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/202727387N/AN/A312/31/202625173N/AN/A33/31/202621364-152N/A12/31/2025201624851N/A9/30/2025192573941N/A6/30/2025182524143N/A3/31/2025172463436N/A12/31/2024166433335N/A9/30/2024159395556N/A6/30/2024152323537N/A3/31/2024147303841N/A12/31/2023141293639N/A9/30/2023135262128N/A6/30/2023131292635N/A3/31/2023122231829N/A12/31/2022111171022N/A9/30/202210011817N/A6/30/202290709N/A3/31/2022868-53N/A12/31/20218611-15N/A9/30/2021801405N/A6/30/20217615-5-3N/A3/31/20217114-5-4N/A12/31/20206312-5-4N/A12/31/2019342N/A4N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: TCBX 의 연간 예상 수익 증가율(17.2%)이 saving rate(3.5%)보다 높습니다.수익 vs 시장: TCBX 의 연간 수익(17.2%)이 US 시장(16.8%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: TCBX 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: TCBX 의 수익(연간 13.6%)이 US 시장(연간 11.6%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: TCBX 의 수익(연간 13.6%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: TCBX의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 01:21종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Third Coast Bancshares, Inc.는 8명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mengxian JiaoDeutsche BankWood LayKeefe, Bruyette, & WoodsCasey Orr WhitmanPiper Sandler Companies5명의 분석가 더 보기
Price Target Changed • Jul 29Price target increased by 8.5% to US$42.67Up from US$39.33, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of US$39.00. Stock is up 65% over the past year. The company is forecast to post earnings per share of US$3.49 for next year compared to US$3.14 last year.
Price Target Changed • Jul 25Price target increased by 9.7% to US$41.33Up from US$37.67, the current price target is an average from 3 analysts. New target price is 13% above last closing price of US$36.60. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$3.52 for next year compared to US$3.14 last year.
Price Target Changed • Apr 25Price target decreased by 7.6% to US$37.67Down from US$40.75, the current price target is an average from 3 analysts. New target price is 33% above last closing price of US$28.24. Stock is up 42% over the past year. The company is forecast to post earnings per share of US$3.11 for next year compared to US$3.14 last year.
Major Estimate Revision • Jan 29Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$182.0m to US$191.2m. EPS estimate increased from US$2.81 to US$3.15 per share. Net income forecast to grow 23% next year vs 11% growth forecast for Banks industry in the US. Consensus price target up from US$36.75 to US$40.75. Share price rose 7.7% to US$35.91 over the past week.
Price Target Changed • Jan 27Price target increased by 9.5% to US$40.25Up from US$36.75, the current price target is an average from 4 analysts. New target price is 9.3% above last closing price of US$36.82. Stock is up 84% over the past year. The company is forecast to post earnings per share of US$3.20 for next year compared to US$3.14 last year.
Price Target Changed • Jan 24Price target increased by 12% to US$38.50Up from US$34.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$36.69. Stock is up 85% over the past year. The company is forecast to post earnings per share of US$3.20 for next year compared to US$3.14 last year.
Seeking Alpha • 10hThird Coast Bancshares' Drop Doesn't Mean To Give UpSummary Third Coast Bancshares remains a 'Buy,' supported by robust balance sheet growth and attractive valuation post-Keystone Bancshares merger. TCBX demonstrates strong deposit growth, low uninsured deposit exposure (9.7%), and expanding loan and securities portfolios. Despite a slight decline in net interest margin to 3.67%, net interest income and net profits have both increased meaningfully. TCBX trades at a compelling 8.1x forward P/E and maintains solid asset quality, though non-performing assets are slightly above preferred thresholds. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • May 11Independent Director exercised options to buy US$231k worth of stock.On the 7th of May, Shelton McDonald exercised options to buy 6k shares at a strike price of around US$16.43, costing a total of US$99k. This transaction amounted to 80% of their direct individual holding at the time of the trade. Since June 2025, Shelton's direct individual holding has increased from 7.48k shares to 13.48k. Company insiders have collectively bought US$567k more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Apr 23First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: US$1.03 (up from US$0.90 in 1Q 2025). Revenue: US$57.1m (up 26% from 1Q 2025). Net income: US$15.2m (up 22% from 1Q 2025). Profit margin: 27% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 15%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Apr 17Third Coast Bancshares, Inc., Annual General Meeting, May 21, 2026Third Coast Bancshares, Inc., Annual General Meeting, May 21, 2026. Location: at the office of third coast bank, located at 20202 highway 59 north, suite 190, texas 77338, humble, United States
공시 • Apr 09Third Coast Bancshares, Inc. to Report Q1, 2026 Results on Apr 22, 2026Third Coast Bancshares, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2026
New Risk • Mar 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 05Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$4.45 (up from US$3.14 in FY 2024). Revenue: US$201.3m (up 22% from FY 2024). Net income: US$61.5m (up 43% from FY 2024). Profit margin: 31% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.06% (up from 3.67% in FY 2024). Non-performing loans: 0.49% (down from 0.70% in FY 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 34% per year.
공시 • Mar 05Third Coast Bancshares, Inc. Appoints Eva Pawelek as Regional President and Head of Houston Corporate BankingThird Coast Bancshares, Inc. announced the appointment of Eva Pawelek as Regional President and Head of Houston Corporate Banking. Pawelek joined the organization in October 2025 following the announced merger between Third Coast Bancshares, Inc. and Keystone Bancshares, Inc., a strategic transaction that has created one of the largest independent Texas-based banking franchises with over $6 billion in assets. In her role, Pawelek will lead the continued expansion of Third Coast's middle-market banking franchise in Houston, one of the bank's most strategic and competitive markets. She will emphasize recruiting and developing a team of seasoned bankers, deepening corporate relationships, and increasing the bank's presence across key industry verticals, including beverages, waste and environmental services, and food distribution and manufacturing. Pawelek will also partner closely with regional and select national sponsors to broaden the Third Coast's reach within the private-equity and sponsor-finance ecosystem. Pawelek brings more than 16 years of combined experience in corporate banking and private equity, giving clients both financial discipline and an owner–operator perspective well suited to the bank's relationship–driven approach. Prior to joining Third Coast, she spent two years in private equity working directly with business owners and investors to support growth initiatives, operational improvements, and capital strategy. Earlier in her career, she spent over 14 years in corporate and commercial banking, building deep expertise in credit, relationship management, and middle-market lending.
공시 • Feb 03+ 2 more updatesThird Coast Bancshares, Inc. (NYSE: TCBX) completed the acquisition of Keystone Bancshares, Inc. from a group of shareholders.Third Coast Bancshares, Inc. (NYSE: TCBX) executes a letter of intent to acquire Keystone Bancshares, Inc. from a group of shareholders on August 29, 2025. Third Coast Bancshares, Inc. entered into a definitive merger agreement to acquire Keystone Bancshares, Inc. from a group of shareholders for approximately $120 million on October 22, 2025. Under the terms of the merger agreement, at the election of Keystone’s shareholders, they will receive, for each outstanding share of Keystone common stock, either (i) 0.45925 shares of Third Coast common stock or (ii) an amount of cash equal to 0.45925 multiplied by the volume-weighted average price per share of Third Coast common stock for the 20 trading day period set forth in the merger agreement. The exchange ratio is subject to a possible downward adjustment in the event Keystone’s adjusted shareholders’ equity is less than $94,576,000 as of the Calculation Date, as defined in the merger agreement. Keystone’s shareholders will be permitted to elect the form of consideration, provided that the aggregate cash consideration will not exceed $20 million. The pro forma common ownership includes: ~84.4% TCBX / ~15.6% Keystone. Following the transaction, the combined company will operate under the Third Coast name and brand. Third Coast will retain all of Keystone’s producers. Two Keystone directors to join Third Coast’s Board of Directors, including current Keystone CE effrey Wilkinson. The Agreement also provides a termination fee of $4,820,128 payable by Keystone in case of alternative acquisition proposals or changes in the recommendation of Keystone’s board of directors. The transaction has been approved unanimously by each company’s board of directors. The transaction is subject to customary closing conditions, including receipt of required regulatory approvals, the approval of Keystone’s shareholders of the merger agreement and the merger, the approval of Third Coast’s shareholders of the issuance of Third Coast common stock pursuant to the merger agreement, the registration statement of which this joint proxy statement/prospectus is a part, including any amendments or supplements thereto, will be effective under the Securities Act and no stop order suspending the effectiveness of the registration statement will be in effect or proceedings for such purpose pending before or threatened by the SEC, the shares of Third Coast common stock to be issued pursuant to the merger agreement will have been approved for listing on the NYSE, Third Coast will have received the executed Wilkinson employment agreement and the executed St. George employment agreement. The expected completion of the transaction is during the first quarter of 2026. The transaction is expected to deliver EPS accretion in year one. On January 23, 2026, Third Coast held a special meeting of shareholders, the Company’s shareholders did not vote on the proposal to adjourn or postpone the Special Meeting, if necessary or appropriate, to solicit additional proxies if there are insufficient votes at the time of such adjournment or postponement to approve the Third Coast Share Issuance Proposal, because such adjournment or postponement was not necessary. Raymond James & Associates, Inc. acted as financial advisor and fairness opinion provider for Third Coast Bancshares, Inc. Raymond James will receive a transaction fee of $1.0 million, of which $250,000 was due and payable when Raymond James rendered its opinion and the remainder of which is contingent upon successful completion of the merger. Chet A. Fenimore of Fenimore Kay Harrison LLP acted as legal advisor for Keystone Bancshares, Inc. Michael G. Keeley, Evan Hardee, Todd Schroeder and Alexander Clark of Norton Rose Fulbright US LLP acted as legal advisors for Third Coast Bancshares, Inc. Justin C. Evans of Stephens Inc. acted as financial advisor and fairness opinion provider for Keystone Bancshares, Inc. Stephens is entitled to receive from Keystone reimbursement of its expenses and a fee in the amount of 1.5% of the transaction value as defined in the engagement letter between Stephens and Keystone for its services as financial advisor to Keystone, a significant portion of which is contingent upon the consummation of the proposed merger. Stephens also received a fee in the amount of $300,000 from Keystone upon rendering its fairness opinion, which opinion fee will be credited in full against the fee which will become payable to Stephens upon the closing of the proposed merger. D.F. King & Co., Inc. acted as information agent to Third Coast and will receive a fee of $15,000 plus (i) a success fee of $5,000 if Third Coast shareholders approve the Third Coast Share Issuance Proposal and (ii) reimbursement of out-of-pocket expenses for its services. Continental Stock Transfer & Trust Company acted as transfer agent and registrar to Third Coast. On December 19, 2025, it was announced that the special meeting of the shareholders of Keystone Bancshares, Inc. will be held on January 29, 2026 in order to approve the transaction. On February 2, 2026, it was announced that Jeff Wilkinson, the former Chairman and Chief Executive Officer of Keystone and Keystone Bank, will join the Board of Directors of Third Coast and Third Coast Bank and will serve as Chairman - Austin Market of Third Coast Bank. Additionally, Bryan St. George, the former President of Keystone Bank, will assume a new role at Third Coast Bank as President of Commercial Services. Third Coast Bancshares, Inc. (NYSE: TCBX) completed the acquisition of Keystone Bancshares, Inc. from a group of shareholders on February 1, 2026.
Reported Earnings • Jan 22Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: US$4.45 (up from US$3.14 in FY 2024). Revenue: US$201.3m (up 22% from FY 2024). Net income: US$61.5m (up 43% from FY 2024). Profit margin: 31% (up from 26% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.6%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year.
공시 • Jan 22Third Coast Bancshares, Inc. Reports Net Charge-Offs for the Three Months Ended December 31, 2025Third Coast Bancshares, Inc. reported net charge-offs for the three months ended December 31, 2025. For the period, the company reported net charge-offs of $844,000 against $879,000 a year ago.
공시 • Jan 01Third Coast Bancshares, Inc. to Report Q4, 2025 Results on Jan 21, 2026Third Coast Bancshares, Inc. announced that they will report Q4, 2025 results After-Market on Jan 21, 2026
Buy Or Sell Opportunity • Dec 19Now 22% undervaluedThe stock has been flat over the last 90 days, currently trading at US$40.41. The fair value is estimated to be US$51.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 41% in the next 2 years.
Recent Insider Transactions • Nov 05Independent Director recently sold US$63k worth of stockOn the 30th of October, Troy Glander sold around 2k shares on-market at roughly US$36.96 per share. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$624k more than they sold in the last 12 months.
Reported Earnings • Oct 23Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: US$1.22 (up from US$0.85 in 3Q 2024). Revenue: US$51.7m (up 24% from 3Q 2024). Net income: US$16.9m (up 46% from 3Q 2024). Profit margin: 33% (up from 28% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.
공시 • Oct 23Third Coast Bancshares, Inc. (NYSE:TCBX) entered into a definitive merger agreement to acquire Keystone Bancshares, Inc. for approximately $120 million.Third Coast Bancshares, Inc. (NYSE:TCBX) entered into a definitive merger agreement to acquire Keystone Bancshares, Inc. for approximately $120 million on October 22, 2025. Under the terms of the merger agreement, at the election of Keystone’s shareholders, they will receive, for each outstanding share of Keystone common stock, either (i) 0.45925 shares of Third Coast common stock or (ii) an amount of cash equal to 0.45925 multiplied by the volume-weighted average price per share of Third Coast common stock for the 20 trading day period set forth in the merger agreement. The exchange ratio is subject to a possible downward adjustment in the event Keystone’s adjusted shareholders’ equity is less than $94,576,000 as of the Calculation Date, as defined in the merger agreement. Keystone’s shareholders will be permitted to elect the form of consideration, provided that the aggregate cash consideration will not exceed $20 million. Following the transaction, the combined company will operate under the Third Coast name and brand. The transaction has been approved unanimously by each company’s board of directors. The transaction is subject to customary closing conditions, including receipt of required regulatory approvals, the approval of Keystone’s shareholders of the merger agreement and the merger, and the approval of Third Coast’s shareholders of the issuance of Third Coast common stock pursuant to the merger agreement. The expected completion of the transaction is during the first quarter of 2026. The transaction is expected to deliver EPS accretion in year one. Raymond James & Associates, Inc. acted as financial advisor for Third Coast Bancshares, Inc. Fenimore Kay Harrison LLP acted as legal advisor for Keystone Bancshares, Inc. Norton Rose Fulbright US LLP acted as legal advisor for Third Coast Bancshares, Inc. Stephens Inc. acted as financial advisor for Keystone Bancshares, Inc.
Buy Or Sell Opportunity • Oct 16Now 22% undervaluedOver the last 90 days, the stock has risen 4.6% to US$37.59. The fair value is estimated to be US$47.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 14% in the next year.
Buy Or Sell Opportunity • Sep 30Now 20% undervaluedOver the last 90 days, the stock has risen 10% to US$37.97. The fair value is estimated to be US$47.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 14% in a year. Earnings are forecast to grow by 15% in the next year.
New Risk • Sep 14New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$114k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.
Recent Insider Transactions • Jul 31Independent Director recently sold US$114k worth of stockOn the 29th of July, Troy Glander sold around 3k shares on-market at roughly US$37.86 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$688k more than they sold in the last 12 months.
Recent Insider Transactions Derivative • Jul 30Independent Director notifies of intention to sell stockTroy Glander intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of July. If the sale is conducted around the recent share price of US$36.98, it would amount to US$111k. Since March 2025, Troy's direct individual holding has increased from 32.89k shares to 33.54k. Company insiders have collectively bought US$835k more than they sold, via options and on-market transactions, in the last 12 months.
Price Target Changed • Jul 29Price target increased by 8.5% to US$42.67Up from US$39.33, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of US$39.00. Stock is up 65% over the past year. The company is forecast to post earnings per share of US$3.49 for next year compared to US$3.14 last year.
Price Target Changed • Jul 25Price target increased by 9.7% to US$41.33Up from US$37.67, the current price target is an average from 3 analysts. New target price is 13% above last closing price of US$36.60. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$3.52 for next year compared to US$3.14 last year.
Reported Earnings • Jul 25Second quarter 2025 earnings: EPS and revenues exceed analyst expectationsSecond quarter 2025 results: EPS: US$1.13 (up from US$0.70 in 2Q 2024). Revenue: US$49.9m (up 25% from 2Q 2024). Net income: US$15.6m (up 62% from 2Q 2024). Profit margin: 31% (up from 24% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.0%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Revenue is forecast to grow 9.9% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
공시 • Jul 24Third Coast Bancshares, Inc. Announces Net Charge-Offs for the Second Quarter Ended June 30, 2025Third Coast Bancshares, Inc. announced net charge-offs for the second quarter ended June 30, 2025. For the quarter, the company reported net charge-offs of $2,376,000 against $1,829,000 a year ago.
공시 • Jul 03Third Coast Bancshares, Inc. to Report Q2, 2025 Results on Jul 23, 2025Third Coast Bancshares, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025
Recent Insider Transactions • Jun 18Director recently bought US$251k worth of stockOn the 13th of June, Dennis Bonnen bought around 8k shares on-market at roughly US$30.30 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth US$292k. Insiders have collectively bought US$752k more in shares than they have sold in the last 12 months.
공시 • Jun 18Third Coast Bancshares, Inc. (NasdaqGS:TCBX) announces an Equity Buyback for $30 million worth of its shares.Third Coast Bancshares, Inc. (NasdaqGS:TCBX) announces a share repurchase program. Under the program, the company will repurchase up to $30 million of its common stock. The program will expire on May 22, 2026.
Recent Insider Transactions • Apr 30Senior EVP & CFO recently bought US$292k worth of stockOn the 28th of April, R. McWhorter bought around 10k shares on-market at roughly US$29.21 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was R.'s only on-market trade for the last 12 months.
Price Target Changed • Apr 25Price target decreased by 7.6% to US$37.67Down from US$40.75, the current price target is an average from 3 analysts. New target price is 33% above last closing price of US$28.24. Stock is up 42% over the past year. The company is forecast to post earnings per share of US$3.11 for next year compared to US$3.14 last year.
Reported Earnings • Apr 24First quarter 2025 earnings: EPS exceeds analyst expectationsFirst quarter 2025 results: EPS: US$0.90 (up from US$0.68 in 1Q 2024). Revenue: US$45.5m (up 17% from 1Q 2024). Net income: US$12.4m (up 35% from 1Q 2024). Profit margin: 27% (up from 24% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.5%. Revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
공시 • Apr 24Third Coast Bancshares, Inc. Announces Net Charge-Offs for the First Quarter Ended March 31, 2025Third Coast Bancshares, Inc. announced net charge-offs for the first quarter ended March 31, 2025. For the period, the company reported net charge-offs of $398,000 against $742,000 a year ago.
공시 • Apr 18Third Coast Bancshares, Inc., Annual General Meeting, May 22, 2025Third Coast Bancshares, Inc., Annual General Meeting, May 22, 2025. Location: theoffice of third coast bank, 20202highway 59north, suite 190, texas 77338, humble United States
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$28.32, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Banks industry in the US. Total returns to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$50.42 per share.
공시 • Apr 03Third Coast Bancshares, Inc. to Report Q1, 2025 Results on Apr 23, 2025Third Coast Bancshares, Inc. announced that they will report Q1, 2025 results After-Market on Apr 23, 2025
Recent Insider Transactions • Mar 16Executive VP & Chief Banking Officer recently bought US$65k worth of stockOn the 14th of March, William Bobbora bought around 2k shares on-market at roughly US$32.35 per share. This transaction amounted to 4.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$229k more in shares than they have sold in the last 12 months.
Reported Earnings • Mar 06Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$3.14 (up from US$2.11 in FY 2023). Revenue: US$165.7m (up 17% from FY 2023). Net income: US$42.9m (up 50% from FY 2023). Profit margin: 26% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.67% (down from 3.73% in FY 2023). Non-performing loans: 0.70% (up from 0.48% in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
Seeking Alpha • Feb 24Third Coast Bancshares: Solid Topline Growth, Balance Sheet To Match Growth ProspectsSummary Third Coast Bancshares demonstrates resilience with stable topline growth, prudent loan portfolio management, and decent capital adequacy amid macroeconomic volatility. TCBX's robust performance is driven by strategic expansion, increased loan demand, and prudent portfolio management, resulting in consistent net interest income growth. The stock remains underpriced with decent upside potential, but technical indicators suggest caution as momentum weakens; buying on dips is recommended. TCBX's strategic liquidity and presence in Texas, combined with economic stability, support its long-term growth and expansion prospects. Read the full article on Seeking Alpha
New Risk • Feb 21New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$75k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company.
Recent Insider Transactions • Feb 21Independent Director recently sold US$75k worth of stockOn the 19th of February, W. Brunson sold around 2k shares on-market at roughly US$37.54 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$136k more than they sold in the last 12 months.
Seeking Alpha • Feb 06Third Coast Bancshares: Rapid Growth Prospects Makes This An Interesting PlaySummary Third Coast Bancshares has shown rapid growth in deposits and loans, with significant expansion in key Texas markets like Houston, Austin, and Dallas Fort Worth. Despite a high valuation, its strong asset quality and potential for growth in rapidly expanding markets justify a soft 'buy' rating. The company's balance sheet and income statement have improved significantly, with net interest income and non-interest income both on the rise. Return on assets and equity are higher than competitors, suggesting robust financial health and further supporting the investment thesis. Read the full article on Seeking Alpha
Major Estimate Revision • Jan 29Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$182.0m to US$191.2m. EPS estimate increased from US$2.81 to US$3.15 per share. Net income forecast to grow 23% next year vs 11% growth forecast for Banks industry in the US. Consensus price target up from US$36.75 to US$40.75. Share price rose 7.7% to US$35.91 over the past week.
Price Target Changed • Jan 27Price target increased by 9.5% to US$40.25Up from US$36.75, the current price target is an average from 4 analysts. New target price is 9.3% above last closing price of US$36.82. Stock is up 84% over the past year. The company is forecast to post earnings per share of US$3.20 for next year compared to US$3.14 last year.
Price Target Changed • Jan 24Price target increased by 12% to US$38.50Up from US$34.50, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$36.69. Stock is up 85% over the past year. The company is forecast to post earnings per share of US$3.20 for next year compared to US$3.14 last year.
Reported Earnings • Jan 23Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: US$3.14 (up from US$2.11 in FY 2023). Revenue: US$165.7m (up 17% from FY 2023). Net income: US$42.9m (up 50% from FY 2023). Profit margin: 26% (up from 20% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.67% (down from 3.73% in FY 2023). Non-performing loans: 0.70% (up from 0.48% in FY 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.3%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
공시 • Jan 23Third Coast Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter of 2024Third Coast Bancshares, Inc. reported net charge-offs for the fourth quarter of 2024. For the period, the company recorded net charge-offs of $879,000 against $1.5 million recorded for the fourth quarter of 2023.
공시 • Jan 09Third Coast Bancshares, Inc. to Report Q4, 2024 Results on Jan 22, 2025Third Coast Bancshares, Inc. announced that they will report Q4, 2024 results on Jan 22, 2025
Buy Or Sell Opportunity • Jan 02Now 21% undervaluedOver the last 90 days, the stock has risen 30% to US$32.84. The fair value is estimated to be US$41.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.
Seeking Alpha • Nov 16Third Coast Bancshares: Earnings Outlook Is Positive, Stock Is Fairly ValuedSummary A majority of deposits but only a minority of loans will re-price in the short term. Hence, rate cuts can boost the margin. I haven’t incorporated tariffs in my outlook. Texas’ economic activity is quite strong compared to the national average, which bodes well for loan growth. The December 2025 target price suggests a 9.5% upside from the current market price. TCBX doesn’t pay a dividend on its common shares. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Nov 14Chairman exercised options and sold US$708k worth of stockOn the 8th of November, Bart Caraway exercised 93.70k options at around US$11.00, then sold 29k of the shares acquired at an average of US$35.09 per share and kept the remainder. For the year to December 2020, Bart's total compensation was 37% salary and 63% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Bart's direct individual holding has increased from 76.24k shares to 76.28k. Company insiders have collectively bought US$349k more than they sold, via options and on-market transactions, in the last 12 months.
Buy Or Sell Opportunity • Nov 01Now 20% undervaluedOver the last 90 days, the stock has risen 47% to US$32.57. The fair value is estimated to be US$40.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 28%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 27% in the next 2 years.
Valuation Update With 7 Day Price Move • Oct 30Investor sentiment improves as stock rises 20%After last week's 20% share price gain to US$33.21, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 114% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$40.90 per share.
Major Estimate Revision • Oct 30Consensus EPS estimates increase by 13%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$165.2m to US$168.7m. EPS estimate increased from US$2.35 to US$2.65 per share. Net income forecast to grow 14% next year vs 12% growth forecast for Banks industry in the US. Consensus price target up from US$29.00 to US$33.25. Share price rose 20% to US$33.21 over the past week.
Price Target Changed • Oct 25Price target increased by 16% to US$33.25Up from US$28.75, the current price target is an average from 4 analysts. New target price is 6.9% above last closing price of US$31.09. Stock is up 107% over the past year. The company is forecast to post earnings per share of US$2.65 for next year compared to US$2.11 last year.
Reported Earnings • Oct 24Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.85 (up from US$0.32 in 3Q 2023). Revenue: US$41.8m (up 21% from 3Q 2023). Net income: US$11.6m (up 164% from 3Q 2023). Profit margin: 28% (up from 13% in 3Q 2023). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.
Buy Or Sell Opportunity • Oct 11Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to US$26.99. The fair value is estimated to be US$22.39, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 31% in the next 2 years.
공시 • Oct 03Third Coast Bancshares, Inc. to Report Q3, 2024 Results on Oct 23, 2024Third Coast Bancshares, Inc. announced that they will report Q3, 2024 results After-Market on Oct 23, 2024
새로운 내러티브 • Sep 24Texas Bank's Critical Growth And Efficient Cost Management Signal Bright Future Efficient cost management and expansion in key Texas areas are poised to enhance future revenue, net margins, and market presence.
Buy Or Sell Opportunity • Sep 01Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 23% to US$25.61. The fair value is estimated to be US$21.31, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 13% in a year. Earnings are forecast to grow by 21% in the next year.
Price Target Changed • Jul 29Price target increased by 10% to US$27.25Up from US$24.75, the current price target is an average from 4 analysts. New target price is 10% above last closing price of US$24.71. Stock is up 19% over the past year. The company is forecast to post earnings per share of US$2.39 for next year compared to US$2.11 last year.
Price Target Changed • Jul 26Price target increased by 10% to US$25.75Up from US$23.40, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of US$24.71. Stock is up 21% over the past year. The company is forecast to post earnings per share of US$2.39 for next year compared to US$2.11 last year.
공시 • Jul 12Third Coast Bancshares, Inc. to Report Q2, 2024 Results on Jul 24, 2024Third Coast Bancshares, Inc. announced that they will report Q2, 2024 results After-Market on Jul 24, 2024
Seeking Alpha • Jul 03Third Coast Bancshares: Lack Of Differentiation Is Hurting The Bottom LineSummary Third Coast Bancshares has untapped potential due to lack of differentiation and positioning in the market. TCBX is struggling with a liquidity crunch and lack of cheap deposits, impacting bottom line growth. Despite solid top line growth, TCBX's profitability figures are below average, reflecting weakness in lack of cheap funding and differentiation. Read the full article on Seeking Alpha
Major Estimate Revision • May 01Consensus EPS estimates increase by 12%The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from US$162.1m to US$166.0m. EPS estimate increased from US$2.29 to US$2.57 per share. Net income forecast to grow 31% next year vs 1.5% growth forecast for Banks industry in the US. Consensus price target up from US$23.40 to US$24.75. Share price was steady at US$19.42 over the past week.
공시 • Apr 27Third Coast Bancshares, Inc., Annual General Meeting, May 30, 2024Third Coast Bancshares, Inc., Annual General Meeting, May 30, 2024, at 10:00 Central Standard Time. Location: the office of Third Coast Bank located at 20202 Highway 59 North, Suite 190 Humble Texas United States Agenda: To elect four Class B directors to serve on the board of directors of the company until the company’s 2027 annual meeting of shareholders and until their respective successor or successors are duly elected and qualified or until their earlier resignation or removal; to ratify the appointment of Whitley Penn LLP as the independent registered public accounting firm of the company for the year ending December 31, 2024; and to transact such other business as may properly come before the annual meeting or any adjournment or postponement thereof.
Reported Earnings • Apr 25First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: US$0.68 (up from US$0.60 in 1Q 2023). Revenue: US$38.9m (up 16% from 1Q 2023). Net income: US$9.20m (up 14% from 1Q 2023). Profit margin: 24% (in line with 1Q 2023). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.
공시 • Apr 05Third Coast Bancshares, Inc. to Report Q1, 2024 Results on Apr 24, 2024Third Coast Bancshares, Inc. announced that they will report Q1, 2024 results After-Market on Apr 24, 2024
Recent Insider Transactions Derivative • Mar 26Independent Director exercised options to buy US$95k worth of stock.On the 21st of March, Troy Glander exercised options to buy 5k shares at a strike price of around US$11.00, costing a total of US$55k. This transaction amounted to 19% of their direct individual holding at the time of the trade. Since March 2023, Troy's direct individual holding has increased from 24.33k shares to 26.93k. Company insiders have collectively bought US$899k more than they sold, via options and on-market transactions, in the last 12 months.
Recent Insider Transactions Derivative • Mar 19Independent Director exercised options to buy US$99k worth of stock.On the 15th of March, Joseph Stunja exercised options to buy 5k shares at a strike price of around US$11.00, costing a total of US$55k. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. Since March 2023, Joseph's direct individual holding has increased from 131.43k shares to 134.89k. Company insiders have collectively bought US$789k more than they sold, via options and on-market transactions, in the last 12 months.
Reported Earnings • Mar 10Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: US$2.11 (up from US$1.28 in FY 2022). Revenue: US$141.4m (up 27% from FY 2022). Net income: US$28.7m (up 66% from FY 2022). Profit margin: 20% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.73% (down from 3.82% in FY 2022). Non-performing loans: 0.48% (up from 0.39% in FY 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.
공시 • Mar 06Third Coast Bancshares, Inc. Announces Organizational Changes to Drive Future GrowthThird Coast Bancshares, Inc. announced two executive promotions to strategically align its operational, risk, and legal functions. The new leadership roles for Vicki Alexander and Liz Eber reflect Third Coast's strategic focus on operational excellence and prudent risk management as foundations for sustainable, profitable growth. Alexander, who joined the Company as Chief Compliance and Risk Officer in September 2022, has been designated as the Chief Risk and Operations Officer, effective March 1, 2024. In this new capacity, Alexander will oversee Third Coast's operations, including the Company's risk and compliance functions. Eber, who joined the Company as Head of Legal in January 2023, has been named the Chief Legal Officer, effective March 1, 2024. In addition to the legal department, Eber will also supervise communications and marketing.
Price Target Changed • Jan 30Price target increased by 8.3% to US$23.40Up from US$21.60, the current price target is an average from 5 analysts. New target price is 18% above last closing price of US$19.78. Stock is up 6.7% over the past year. The company is forecast to post earnings per share of US$2.28 for next year compared to US$2.11 last year.
공시 • Jan 27Third Coast Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter of 2023Third Coast Bancshares, Inc. reported net charge-offs for the fourth quarter of 2023. Net charge-offs of $1.5 million for the quarter were primarily the result of the charge-off of one C&I revolving line of credit.
Reported Earnings • Jan 26Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: US$2.11 (up from US$1.28 in FY 2022). Revenue: US$141.4m (up 27% from FY 2022). Net income: US$28.7m (up 66% from FY 2022). Profit margin: 20% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Banks industry in the US.
공시 • Jan 05Third Coast Bancshares, Inc. to Report Q4, 2023 Results on Jan 25, 2024Third Coast Bancshares, Inc. announced that they will report Q4, 2023 results After-Market on Jan 25, 2024
Price Target Changed • Oct 30Price target decreased by 11% to US$20.50Down from US$23.00, the current price target is an average from 4 analysts. New target price is 37% above last closing price of US$15.00. Stock is down 23% over the past year. The company is forecast to post earnings per share of US$1.94 for next year compared to US$1.28 last year.
Reported Earnings • Oct 27Third quarter 2023 earnings: EPS misses analyst expectationsThird quarter 2023 results: EPS: US$0.32 (down from US$0.50 in 3Q 2022). Revenue: US$34.5m (up 11% from 3Q 2022). Net income: US$4.39m (down 35% from 3Q 2022). Profit margin: 13% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Banks industry in the US.
공시 • Oct 26Third Coast Bancshares, Inc. Reports Unaudited Net Charge-Offs Results for the Third Quarter Ended September 30, 2023Third Coast Bancshares, Inc. reported unaudited net charge-offs results for the third quarter ended September 30, 2023. For the quarter, the company recorded net charge-offs of $24,000 against $457,000 a year ago.
공시 • Oct 05Third Coast Bancshares, Inc. to Report Q3, 2023 Results on Oct 25, 2023Third Coast Bancshares, Inc. announced that they will report Q3, 2023 results After-Market on Oct 25, 2023
공시 • Sep 26Michael Deckert Resigns as Executive Vice President and Chief Operating Officer of Third Coast Bancshares, Inc. and Third Coast Bank, SSBOn September 25, 2023, Third Coast Bancshares, Inc. announced that Michael Deckert resigned as Executive Vice President and Chief Operating Officer of the Company and Third Coast Bank, SSB, the Company’s wholly owned subsidiary, effective September 22, 2023.
New Risk • Aug 09New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company.
Reported Earnings • Jul 28Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2023 results: EPS: US$0.57 (up from US$0.17 in 2Q 2022). Revenue: US$35.0m (up 36% from 2Q 2022). Net income: US$7.71m (up 238% from 2Q 2022). Profit margin: 22% (up from 8.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 9.4%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in the US.
공시 • Jul 28Third Coast Bancshares, Inc. Appoints David Phelps to Board of DirectorsThird Coast Bancshares, Inc. announced the appointment of David Phelps to its Board of Directors, effective immediately. Mr. Phelps, who has been a Director on the Third Coast Bank Board since June 2022, was formerly the leader of the Business Advisory practice of Briggs & Veselka. During his tenure, Phelps led the Business Advisory practice with more than 30 years of experience providing internal audit, Sarbanes-Oxley Act compliance, accounting support, efficiency analysis, and policy and procedure development services to various industries. Phelps retired from Briggs & Veselka at the end of 2020. During his career, Phelps served as the Chief Risk Officer and Internal Audit Director for a publicly traded financial services company. Phelps also spent a decade as the Director of Risk Management at a public bank. As a respected industry leader, Mr. Phelps has made significant contributions to the financial services sector for over 50 financial institutions ranging in size from small community banks to institutions in excess of several billion. With his extensive background in financial services and banking, the appointment of Mr. Phelps to the Board of Directors represents an exciting opportunity for Third Coast to leverage his exceptional skills, leadership, and industry experience to drive continued growth and profitability.
공시 • Jul 12Third Coast Bancshares, Inc. Announces Demise of Norma J. Galloway, As DirectorThe Board of Directors of Third Coast Bancshares, Inc. is deeply saddened to report that Norma J. Galloway, a Director of the Company since 2019 and a former executive officer of the Company’s subsidiary, Third Coast Bank, SSB, passed away unexpectedly on July 7, 2023.
공시 • Jul 06Third Coast Bancshares, Inc. to Report Q2, 2023 Results on Jul 26, 2023Third Coast Bancshares, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Jul 26, 2023
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$15.11, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in the US. Total loss to shareholders of 35% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$12.15 per share.
Recent Insider Transactions • May 10Chief Financial Officer recently bought US$68k worth of stockOn the 5th of May, R. McWhorter bought around 5k shares on-market at roughly US$12.87 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was R.'s only on-market trade for the last 12 months.
Price Target Changed • Apr 08Price target decreased by 7.4% to US$21.00Down from US$22.67, the current price target is an average from 3 analysts. New target price is 40% above last closing price of US$15.01. Stock is down 33% over the past year. The company is forecast to post earnings per share of US$2.15 for next year compared to US$1.28 last year.
Reported Earnings • Mar 16Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$1.28. Revenue: US$111.5m (up 30% from FY 2021). Net income: US$17.2m (up 51% from FY 2021). Profit margin: 16% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.82% (down from 4.65% in FY 2021). Non-performing loans: 0.39% (down from 0.75% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Banks industry in the US.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$14.86, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Banks industry in the US. Total loss to shareholders of 34% over the past year. Simply Wall St's valuation model estimates the intrinsic value at US$14.08 per share.
Major Estimate Revision • Feb 02Consensus EPS estimates increase by 14%, revenue downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from US$148.9m to US$145.1m. EPS estimate rose from US$1.96 to US$2.23. Net income forecast to grow 54% next year vs 9.5% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$22.67. Share price rose 2.1% to US$18.99 over the past week.
Board Change • Feb 01Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. Director Tony Scavuzzo was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Jan 27Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: US$1.28. Revenue: US$111.5m (up 30% from FY 2021). Net income: US$17.2m (up 51% from FY 2021). Profit margin: 16% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.
공시 • Jan 13Third Coast Bancshares, Inc. to Report Q4, 2022 Results on Jan 26, 2023Third Coast Bancshares, Inc. announced that they will report Q4, 2022 results After-Market on Jan 26, 2023
Reported Earnings • Nov 16Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: US$0.50 (up from US$0.29 in 3Q 2021). Revenue: US$31.0m (up 50% from 3Q 2021). Net income: US$6.77m (up 184% from 3Q 2021). Profit margin: 22% (up from 12% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in the US.
Major Estimate Revision • Nov 02Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$120.8m to US$124.0m. EPS estimate fell from US$1.40 to US$1.24 per share. Net income forecast to grow 122% next year vs 14% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$23.33. Share price rose 16% to US$19.86 over the past week.
