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TCBX

Third Coast Bancshares, Inc.

https://www.tcbssb.com

Industry

Banks - Regional

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. The company's deposit products include checking, savings, individual retirement, and money market accounts, as well as certificates of deposit. It also offers commercial and industrial loans, such as equipment loans, working capital, auto finance, and commercial finance. In addition, the company provides treasury management consumer and commercial online banking services, mobile applications, safe deposit boxes, and wire transfer services, as well as debit cards. It operates through eleven branches in Greater Houston, Dallas-Fort Worth, and Austin-San Antonio; and one branch in Detroit, Texas. The company was founded in 2008 and is headquartered in Humble, Texas.

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Third Coast Bancshares reported Q3 earnings of $0.74 per share, surpassing the $0.54 estimate, and sales of $42.90M, exceeding the $41.67M estimate. This marks a significant year-over-year growth in both earnings and sales.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 8:35 pm

Deutsche Bank analyst Meng Jiao maintains a Hold rating on Third Coast Bancshares (NASDAQ:TCBX) and raises the price target from $22 to $26.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 5:10 pm

Keefe, Bruyette & Woods has reiterated its Outperform rating on Third Coast Bancshares (NASDAQ:TCBX) and raised the price target from $26 to $28.

Portfolio Pulse from Benzinga Newsdesk

July 29, 2024 | 3:58 pm

Third Coast Bancshares (NASDAQ:TCBX) reported Q2 2024 earnings per share (EPS) of $0.63, surpassing the analyst estimate of $0.56 by 12.5%. The company's sales were $41.746 million, beating the $41.135 million estimate. Both EPS and sales showed significant year-over-year growth.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 8:54 pm

Third Coast Bancshares (NASDAQ:TCBX) reported Q1 2024 earnings of $0.61 per share, surpassing the $0.49 estimate, and sales of $40.422M, exceeding the $39.301M estimate. This represents a 10.91% increase in earnings and a 16.38% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 9:37 pm

Third Coast Bancshares (NASDAQ:TCBX) reported Q1 2024 earnings of $0.61 per share, surpassing the consensus estimate of $0.49 by 24.49%.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 8:56 pm

Raymond James analyst Michael Rose has maintained an Outperform rating on Third Coast Bancshares (TCBX) and increased the price target from $20 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 1:52 pm

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.

Portfolio Pulse from mahesh@benzinga.com

January 25, 2024 | 10:02 pm

Third Coast Bancshares (NASDAQ:TCBX) is expected to release its quarterly earnings report on January 25, 2024, with an estimated EPS of $0.48. Investors are looking for an earnings beat and positive guidance for future growth. Historically, TCBX's stock price has been sensitive to earnings performance and guidance. Last quarter, the company missed EPS estimates, resulting in a 1.47% share price drop. Over the past year, TCBX shares have slightly increased by 0.19%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:01 pm

Keefe, Bruyette & Woods analyst Brady Gailey has initiated coverage on Third Coast Bancshares (NASDAQ:TCBX) with an Outperform rating and set a price target of $26.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 1:17 pm

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