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Third Coast Bancshares NasdaqGS:TCBX Stock Report

Last Price

US$33.47

Market Cap

US$465.2m

7D

-8.9%

1Y

72.6%

Updated

19 Dec, 2024

Data

Company Financials +

Third Coast Bancshares, Inc.

NasdaqGS:TCBX Stock Report

Market Cap: US$465.2m

TCBX Stock Overview

Operates as a bank holding company for Third Coast Bank, SSB that provides various commercial banking solutions to small and medium-sized businesses, and professionals. More details

TCBX fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends0/6

My Notes

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US$36.75
FV
8.9% undervalued intrinsic discount
9.74%
Revenue growth p.a.
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Third Coast Bancshares, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Third Coast Bancshares
Historical stock prices
Current Share PriceUS$33.47
52 Week HighUS$37.65
52 Week LowUS$18.00
Beta0.68
1 Month Change-5.88%
3 Month Change21.71%
1 Year Change72.61%
3 Year Change29.33%
5 Year Changen/a
Change since IPO33.83%

Recent News & Updates

Third Coast Bancshares: Earnings Outlook Is Positive, Stock Is Fairly Valued

Nov 16

Recent updates

Third Coast Bancshares: Earnings Outlook Is Positive, Stock Is Fairly Valued

Nov 16

Third Coast Bancshares: Lack Of Differentiation Is Hurting The Bottom Line

Jul 03

Third Coast Bancshares announces private placement of $69.4M

Sep 08

Third Coast Bancshares GAAP EPS of $0.16, revenue of $29M

Jul 27

Shareholder Returns

TCBXUS BanksUS Market
7D-8.9%-6.3%-4.0%
1Y72.6%28.2%24.0%

Return vs Industry: TCBX exceeded the US Banks industry which returned 28.2% over the past year.

Return vs Market: TCBX exceeded the US Market which returned 24% over the past year.

Price Volatility

Is TCBX's price volatile compared to industry and market?
TCBX volatility
TCBX Average Weekly Movement4.9%
Banks Industry Average Movement5.3%
Market Average Movement6.4%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: TCBX has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TCBX's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008358Bart Carawaywww.tcbssb.com

Third Coast Bancshares, Inc. operates as a bank holding company for Third Coast Bank, SSB that provides various commercial banking solutions to small and medium-sized businesses, and professionals. The company’s deposit products include checking, savings, individual retirement, and money market accounts, as well as certificates of deposit. It also offers commercial and industrial loans, equipment loans, working capital lines of credit, guaranteed loans, auto finance, letters of credit, commercial and residential real estate, and construction, development, and other loans.

Third Coast Bancshares, Inc. Fundamentals Summary

How do Third Coast Bancshares's earnings and revenue compare to its market cap?
TCBX fundamental statistics
Market capUS$465.23m
Earnings (TTM)US$38.88m
Revenue (TTM)US$158.91m

11.8x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TCBX income statement (TTM)
RevenueUS$158.91m
Cost of RevenueUS$0
Gross ProfitUS$158.91m
Other ExpensesUS$120.03m
EarningsUS$38.88m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)2.84
Gross Margin100.00%
Net Profit Margin24.46%
Debt/Equity Ratio26.5%

How did TCBX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 01:45
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Third Coast Bancshares, Inc. is covered by 9 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mengxian JiaoDeutsche Bank
Brady GaileyKeefe, Bruyette, & Woods
Wood LayKeefe, Bruyette, & Woods