Third Coast Bancshares Past Earnings Performance
Past criteria checks 3/6
Third Coast Bancshares has been growing earnings at an average annual rate of 35%, while the Banks industry saw earnings growing at 8.4% annually. Revenues have been growing at an average rate of 24.7% per year. Third Coast Bancshares's return on equity is 8.4%, and it has net margins of 20.9%.
Key information
35.0%
Earnings growth rate
9.8%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 24.7% |
| Return on equity | 8.4% |
| Net Margin | 20.9% |
| Next Earnings Update | 23 Oct 2024 |
Revenue & Expenses Breakdown
How Third Coast Bancshares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 24 | 152 | 32 | 92 | 0 |
| 31 Mar 24 | 147 | 30 | 92 | 0 |
| 31 Dec 23 | 141 | 29 | 89 | 0 |
| 30 Sep 23 | 135 | 26 | 87 | 0 |
| 30 Jun 23 | 131 | 29 | 83 | 0 |
| 31 Mar 23 | 122 | 23 | 80 | 0 |
| 31 Dec 22 | 111 | 17 | 78 | 0 |
| 30 Sep 22 | 100 | 11 | 76 | 0 |
| 30 Jun 22 | 90 | 7 | 72 | 0 |
| 31 Mar 22 | 86 | 8 | 70 | 0 |
| 31 Dec 21 | 86 | 11 | 65 | 0 |
| 30 Sep 21 | 80 | 14 | 57 | 0 |
| 30 Jun 21 | 76 | 15 | 51 | 0 |
| 31 Mar 21 | 71 | 14 | 47 | 0 |
| 31 Dec 20 | 63 | 12 | 42 | 0 |
| 31 Dec 19 | 34 | 2 | 28 | 0 |
Quality Earnings: TCBX has high quality earnings.
Growing Profit Margin: TCBX's current net profit margins (20.9%) are lower than last year (21.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TCBX's earnings have grown significantly by 35% per year over the past 5 years.
Accelerating Growth: TCBX's earnings growth over the past year (10.6%) is below its 5-year average (35% per year).
Earnings vs Industry: TCBX earnings growth over the past year (10.6%) exceeded the Banks industry -15.9%.
Return on Equity
High ROE: TCBX's Return on Equity (8.4%) is considered low.