Third Coast Bancshares Q4 EPS $0.57 Beats $0.48 Estimate, Sales $39.49M Beat $38.13M Estimate
Portfolio Pulse from mahesh@benzinga.com
Third Coast Bancshares (NASDAQ:TCBX) exceeded analyst expectations for Q4 with EPS of $0.57, surpassing the estimate of $0.48 by 18.75%, and a 29.55% increase from the previous year. Sales reached $39.49M, beating estimates by 3.56% and showing a 16.47% increase year-over-year.
January 25, 2024 | 10:02 pm
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POSITIVE IMPACT
Third Coast Bancshares reported strong Q4 earnings with EPS of $0.57, beating estimates by 18.75%, and sales of $39.49M, exceeding expectations by 3.56%.
The positive earnings report with significant beats on both EPS and sales estimates is likely to instill investor confidence and could lead to a short-term uptick in TCBX's stock price. Historically, stocks tend to react positively to earnings that surpass analyst expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100