Stock Analysis

Third Coast Bancshares Full Year 2022 Earnings: In Line With Expectations

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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).
NasdaqGS:TCBX Earnings and Revenue Growth March 17th 2023

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.

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  • 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


No risks detected for TCBX from our risks checks.

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