Third Coast Bancshares Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Bart Caraway

Chief executive officer

US$1.5m

Total compensation

CEO salary percentage	35.9%
CEO tenure	11.3yrs
CEO ownership	0.6%
Management average tenure	1.8yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

Third Coast Bancshares announces private placement of $69.4M

Sep 08

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

Jul 27

CEO Compensation Analysis

How has Bart Caraway's remuneration changed compared to Third Coast Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$29m
Sep 30 2023	n/a	n/a	US$26m
Jun 30 2023	n/a	n/a	US$29m
Mar 31 2023	n/a	n/a	US$23m
Dec 31 2022	US$2m	US$548k	US$17m
Sep 30 2022	n/a	n/a	US$11m
Jun 30 2022	n/a	n/a	US$7m
Mar 31 2022	n/a	n/a	US$8m
Dec 31 2021	US$2m	US$521k	US$11m
Sep 30 2021	n/a	n/a	US$14m
Jun 30 2021	n/a	n/a	US$15m
Mar 31 2021	n/a	n/a	US$14m
Dec 31 2020	US$1m	US$470k	US$12m

Compensation vs Market: Bart's total compensation ($USD1.53M) is about average for companies of similar size in the US market ($USD1.65M).

Compensation vs Earnings: Bart's compensation has been consistent with company performance over the past year.

CEO

Bart Caraway (51 yo)

11.3yrs

Tenure

US$1,527,804

Compensation

Mr. Bart O. Caraway is Chairman, President & CEO of Third Coast Bank and Director since 2008. He is Chairman, President & CEO of Third Coast Bancshares, Inc and serves as Director since 2013. He is also Ch...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bart Caraway	Chairman	no data	US$1.53m	0.56% $ 1.4m
R. McWhorter	Chief Financial Officer	9yrs	US$784.14k	1.97% $ 4.9m
Audrey Duncan	Senior EVP & Chief Credit Officer	8.8yrs	US$651.96k	0.10% $ 258.2k
Vicki Alexander	Executive VP and Chief Risk & Operations Officer	less than a year	no data	0.073% $ 181.5k
Liz Eber	Chief Legal Officer	1.3yrs	no data	0.00084% $ 2.1k
William Bobbora	Executive VP & Chief Banking Officer	1.8yrs	no data	0.26% $ 649.7k
Andrew Novarini	Executive VP & President of Community Banking	1.8yrs	no data	no data
Christopher Peacock	Executive VP & Chief Retail Officer	1.2yrs	no data	0.014% $ 34.6k
Sarah Natho	Treasurer	no data	no data	no data
Jo Dean	Secretary	no data	no data	no data

1.8yrs

Average Tenure

57yo

Average Age

Experienced Management: TCBX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Bart Caraway	Chairman	11.3yrs	US$1.53m	0.56% $ 1.4m
W. Brunson	Independent Director	5.3yrs	US$40.10k	0.38% $ 941.7k
Anthony Scavuzzo	Independent Director	1.5yrs	US$1.30k	no data
David Phelps	Director	less than a year	no data	0.050% $ 124.5k
Dennis Bonnen	Director	4.3yrs	US$364.70k	1.12% $ 2.8m
Martin Basaldua	Independent Director	11.3yrs	US$30.13k	0.65% $ 1.6m
Troy Glander	Independent Director	11.3yrs	US$27.55k	0.23% $ 582.0k
Joseph Stunja	Independent Director	11.3yrs	US$33.92k	1.03% $ 2.6m
Reagan Swinbank	Independent Director	4.3yrs	US$29.40k	0.45% $ 1.1m
Shelton McDonald	Independent Director	5.3yrs	US$38.15k	0.043% $ 106.9k
Carolyn Bailey	Independent Director	4.3yrs	US$41.05k	0.062% $ 154.3k

5.3yrs

Average Tenure

51yo

Average Age

Experienced Board: TCBX's board of directors are considered experienced (5.3 years average tenure).

Third Coast Bancshares Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director exercised options to buy US$95k worth of stock.

Independent Director exercised options to buy US$99k worth of stock.

Third Coast Bancshares, Inc. Announces Organizational Changes to Drive Future Growth

Michael Deckert Resigns as Executive Vice President and Chief Operating Officer of Third Coast Bancshares, Inc. and Third Coast Bank, SSB

Third Coast Bancshares, Inc. Appoints David Phelps to Board of Directors

Third Coast Bancshares, Inc. Announces Demise of Norma J. Galloway, As Director

Recent updates

Third Coast Bancshares, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Independent Director exercised options to buy US$95k worth of stock.

Independent Director exercised options to buy US$99k worth of stock.

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Third Coast Bancshares, Inc. Announces Organizational Changes to Drive Future Growth

Price target increased by 8.3% to US$23.40

Third Coast Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter of 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Third Coast Bancshares, Inc. to Report Q4, 2023 Results on Jan 25, 2024

Price target decreased by 11% to US$20.50

Third quarter 2023 earnings: EPS misses analyst expectations

Third Coast Bancshares, Inc. Reports Unaudited Net Charge-Offs Results for the Third Quarter Ended September 30, 2023

Third Coast Bancshares, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Michael Deckert Resigns as Executive Vice President and Chief Operating Officer of Third Coast Bancshares, Inc. and Third Coast Bank, SSB

New minor risk - Shareholder dilution

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Third Coast Bancshares, Inc. Appoints David Phelps to Board of Directors

Third Coast Bancshares, Inc. Announces Demise of Norma J. Galloway, As Director

Third Coast Bancshares, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Investor sentiment improves as stock rises 15%

Chief Financial Officer recently bought US$68k worth of stock

Price target decreased by 7.4% to US$21.00

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorates as stock falls 16%

Consensus EPS estimates increase by 14%, revenue downgraded

Insufficient new directors

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

Third Coast Bancshares, Inc. to Report Q4, 2022 Results on Jan 26, 2023

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improved over the past week

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations

Third Coast Bancshares, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Third Coast Bancshares, Inc. announced that it has received $69.4 million in funding from Castle Creek Capital LLC and other investors

Third Coast Bancshares, Inc. announced that it expects to receive $69.4 million in funding from Castle Creek Capital LLC, and other investors

Third Coast Bancshares announces private placement of $69.4M

Consensus EPS estimates fall by 39%

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Third Coast Bancshares, Inc. Appoints Bill Bobbora as Executive Vice President and Chief Banking Officer, and Andrew Novarini as Executive Vice President and President of Community Banking

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

Consensus forecasts updated

Third Coast Bancshares, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Third Coast Bancshares, Inc. and Third Coast Bank, SSB Announce Resignation of Donald Legato as Senior Executive Vice President and Chief Lending Officer

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates increase by 10%

Third Coast Bancshares, Inc. to Report Q1, 2022 Results on Apr 28, 2022

Third Coast Bancshares, Inc. announced that it has received $82.3 million in funding

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Third Coast Bancshares, Inc. Reports Net Charges-Offs for the Fourth Quarter Ended December 31, 2021

High number of new directors

Chief Financial Officer recently bought US$375k worth of stock

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age