Stock Analysis

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

NasdaqGS:TCBX
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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).
earnings-and-revenue-growth
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.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About NasdaqGS:TCBX

Third Coast Bancshares

Operates as the bank holding company for Third Coast Bank that provides various commercial banking solutions to small and medium-sized businesses and professionals in the United States.

Flawless balance sheet and undervalued.