Stock Analysis
- United States
- /
- Banks
- /
- NasdaqGS:TCBX
Third Coast Bancshares Full Year 2022 Earnings: In Line With Expectations
Third Coast Bancshares (NASDAQ:TCBX) Full Year 2022 Results
Key Financial Results
- 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.
- EPS: US$1.28.
TCBX Banking Performance Indicators
- 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).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Third Coast Bancshares Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 2.0% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Third Coast Bancshares' balance sheet and an in-depth analysis of the company's financial position.
What are the risks and opportunities for Third Coast Bancshares?
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.
Rewards
Price-To-Earnings ratio (13x) is below the US market (13.8x)
Earnings are forecast to grow 31.76% per year
Earnings grew by 50.9% over the past year
Risks
No risks detected for TCBX from our risks checks.
Further research on
Third Coast Bancshares
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About NasdaqGS:TCBX
Third Coast Bancshares
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.
Flawless balance sheet with reasonable growth potential.
