TCBX - Third Coast Bancshares, Inc. Stock Price, Fair Value and News

21.79USD+0.47 (+2.20%)Delayed as of 17 May 2024, 11:59 am ET

Market Summary

USD21.79+0.47

Delayedas of 17 May 2024, 11:59 am

2.20%

TCBX Stock Price

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TCBX RSI Chart

TCBX Valuation

Market Cap

291.1M

Price/Earnings (Trailing)

8.43

Price/Sales (Trailing)

1.01

EV/EBITDA

-0.41

Price/Free Cashflow

7.85

TCBX Price/Sales (Trailing)

TCBX Profitability

EBT Margin

14.95%

Return on Equity

8.15%

Return on Assets

0.74%

Free Cashflow Yield

12.74%

TCBX Fundamentals

TCBX Revenue

Revenue (TTM)

288.0M

Rev. Growth (Yr)

37.46%

Rev. Growth (Qtr)

2.35%

TCBX Earnings

Earnings (TTM)

34.5M

Earnings Growth (Yr)

12.16%

Earnings Growth (Qtr)

Breaking Down TCBX Revenue

52 Week Range

15.0321.79

(Low)(High)

Last 7 days

-1.1%

Last 30 days

16.3%

Last 90 days

9.6%

Trailing 12 Months

34.9%

How does TCBX drawdown profile look like?

TCBX Financial Health

TCBX Investor Care

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

2.04

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	288.0M	0	0	0
2023	184.1M	214.3M	240.6M	266.5M
2022	102.2M	110.8M	129.5M	153.9M
2021	90.4M	91.7M	96.8M	100.6M
2020	58.0M	66.1M	74.2M	82.2M
2019	0	0	0	49.9M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Third Coast Bancshares, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 21, 2024	basaldua martin	acquired	55,000	11.00	5,000	-
Mar 21, 2024	glander troy andrew	acquired	55,000	11.00	5,000	-
Mar 15, 2024	caraway bart	acquired	-	-	10,131	see remarks
Mar 15, 2024	stunja joseph	acquired	55,000	11.00	5,000	-
Mar 15, 2024	bobbora william	acquired	-	-	7,598	see remarks
Mar 15, 2024	mcwhorter richard j	acquired	-	-	13,424	chief financial officer
Feb 01, 2024	peacock christopher seay	sold (taxes)	-1,462	19.5	-75.00	see remarks
Nov 15, 2023	duncan audrey	bought	26,445	17.63	1,500	see remarks
Oct 30, 2023	bobbora william	bought	30,780	15.39	2,000	see remarks
Oct 02, 2023	alexander vicki	sold (taxes)	-9,959	16.49	-604	see remarks

Which funds bought or sold TCBX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	BARCLAYS PLC	reduced	-47.94	-171,000	190,000	-%
May 15, 2024	ADAGE CAPITAL PARTNERS GP, L.L.C.	added	10.82	1,002,870	9,607,120	0.02%
May 15, 2024	TWO SIGMA INVESTMENTS, LP	added	142	339,739	575,775	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	345	782,553	1,006,810	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	68.51	250,963	610,610	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-25.67	-7,813	23,303	-%
May 15, 2024	HOYLECOHEN, LLC	unchanged	-	7,500	1,001,000	0.08%
May 15, 2024	Steward Partners Investment Advisory, LLC	reduced	-65.55	-395,823	210,470	-%
May 15, 2024	BlackBarn Capital Partners LP	new	-	2,618,240	2,618,240	1.48%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	reduced	-21.64	-592,370	2,221,660	0.04%

Are Funds Buying or Selling TCBX?

Are funds buying TCBX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own TCBX

No. of Funds

Unveiling Third Coast Bancshares, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jan 29, 2024	blackrock inc.	6.6%	902,712	SC 13G/A
Jun 15, 2023	castle creek capital partners viii, lp	2.35%	345,044	SC 13D/A
May 08, 2023	castle creek capital partners viii, lp	1.04%	155,000	SC 13D/A
Feb 03, 2023	blackrock inc.	5.7%	769,186	SC 13G
Oct 07, 2022	castle creek capital partners viii, lp	8.3%	1,244,905	SC 13D

Recent SEC filings of Third Coast Bancshares, Inc.

View All Filings

Date Filed	Form Type	Document
May 16, 2024	11-K	Employee Benefit Details
May 07, 2024	10-Q	Quarterly Report
Apr 25, 2024	ARS	ARS
Apr 25, 2024	DEF 14A	DEF 14A
Apr 24, 2024	8-K	Current Report
Apr 24, 2024	8-K	Current Report
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 21, 2024	8-K	Current Report
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to Third Coast Bancshares, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	581.4B	174.7B	11.99%	46.24%	11.55	3.33	53.11%	19.83%
BAC	306.7B	137.9B	13.09%	37.28%	12.25	2.22	56.12%	-12.56%
WFC	212.8B	85.8B	8.19%	50.84%	11.34	2.48	35.02%	26.14%
C	122.4B	125.0B	12.50%	36.26%	15.31	0.98	37.85%	-
CFG	16.6B	10.4B	12.65%	38.40%	11.61	1.6	26.22%	-33.87%
KEY	14.4B	8.1B	7.74%	50.49%	16.53	1.78	32.15%	-50.93%
MID-CAP
CMA	7.2B	4.2B	8.99%	43.16%	10.4	1.7	34.68%	-45.96%
ZION	6.6B	4.1B	13.27%	70.96%	10.5	1.62	32.93%	-30.73%
ABCB	3.5B	1.3B	12.98%	57.40%	12.27	2.64	30.60%	-12.99%
ASB	3.3B	2.0B	11.41%	42.76%	20.79	1.64	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	415.3M	173.1M	13.52%	27.11%	14.24	2.4	26.54%	-34.86%
ALRS	390.4M	152.4M	-1.25%	34.56%	39.27	2.56	16.94%	-73.84%
ACNB	289.6M	98.7M	3.86%	15.94%	9.84	2.93	6.27%	-22.90%
ASRV	47.2M	62.5M	11.11%	-5.26%	-15.95	0.75	18.83%	-145.18%

Third Coast Bancshares, Inc. News

Latest updates

Third Coast Bancshares, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	2.3%	79.00	77.00	69.00	63.00	57.00	51.00	43.00	33.00	27.00	27.00	24.00	24.00	26.00	23.00	19.00	23.00	17.00	-
EBITDA Margin	-4.3%	0.65*	0.68*	0.72*	0.80*	0.85*	0.90*	0.94*	0.97*	1.01*	1.04*	1.07*	1.08*	1.06*	1.02*	0.51*	0.58*	-	-
Interest Expenses	2.0%	38.00	37.00	35.00	34.00	33.00	32.00	31.00	28.00	25.00	25.00	22.00	21.00	23.00	20.00	16.00	19.00	13.00	-
Income Taxes	13.8%	3.00	2.00	1.00	2.00	2.00	2.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	-
Earnings Before Taxes	8.1%	13.00	12.00	7.00	11.00	11.00	9.00	8.00	3.00	3.00	0.00	3.00	5.00	6.00	3.00	5.00	3.00	4.00	-
EBT Margin	-4.2%	0.15*	0.16*	0.16*	0.19*	0.17*	0.15*	0.11*	0.08*	0.10*	0.14*	0.18*	0.22*	0.20*	0.19*	0.04*	0.05*	-	-
Net Income	7.0%	10.00	10.00	6.00	9.00	9.00	8.00	7.00	2.00	2.00	0.00	2.00	4.00	5.00	3.00	4.00	3.00	3.00	-
Net Income Margin	-4.3%	0.12*	0.13*	0.13*	0.15*	0.14*	0.12*	0.09*	0.06*	0.08*	0.11*	0.14*	0.17*	0.16*	0.15*	0.03*	0.04*	-	-
Free Cashflow	-47.4%	9.00	17.00	2.00	9.00	7.00	2.00	7.00	2.00	-1.44	0.00	-0.02	-3.52	2.00	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet												(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	6.0%	4,660	4,396	4,216	3,963	3,860	3,773	3,517	3,358	3,040	2,499	2,082	1,867
Cash Equivalents	23.9%	368	297	142	245	309	330	217	317	370	327	360	201
Net PPE	-6.0%	27.00	29.00	29.00	29.00	29.00	29.00	25.00	23.00	21.00	19.00	18.00	15.00
Goodwill	0%	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00	18.00
Liabilities	6.3%	4,237	3,984	3,815	3,568	3,473	3,391	3,140	3,056	2,739	2,200	1,876	1,746
Shareholder's Equity	2.8%	424	412	400	396	387	382	376	302	301	299	204	120
Retained Earnings	11.7%	88.00	79.00	70.00	66.00	58.00	53.00	47.00	40.00	38.00	36.00	36.00	25.00
Additional Paid-In Capital	0.1%	320	320	319	319	318	318	318	250	250	249	161	91.00
Shares Outstanding	0.4%	14.00	14.00	14.00	14.00	14.00	14.00	14.00	13.00	13.00	13.00	9.00	6.00
Float	-	-	-	-	202	-	-	-	278	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	-46.2%	9,427	17,531	3,065	10,500	7,979	6,177	10,574	4,158	882	1,485	2,927	-2,411	2,583	-	-	-
Share Based Compensation	-27.8%	356	493	368	402	365	293	373	330	279	309	166	115	69.00	-	-	-
Cashflow From Investing	-246.6%	-174,496	-50,348	-226,900	-138,046	-114,241	-143,574	-247,993	-364,472	-483,491	-452,274	-62,115	141,475	-127,148	-	-	-
Cashflow From Financing	59.0%	251,484	158,132	242,346	84,623	85,190	251,563	135,064	309,197	526,904	417,230	66,000	-24,140	159,853	-	-	-

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TCBX Income Statement

2024-03-31

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
Consolidated Statements of Income (Unaudited) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 70,671,000	$ 53,911,000
Investment securities available-for-sale	3,093,000	1,548,000
Federal funds sold and other	5,112,000	1,920,000
Total interest income	78,876,000	57,379,000
Interest expense:
Deposit accounts	38,698,000	22,092,000
FHLB advances and other borrowings	2,099,000	2,457,000
Total interest expense	40,797,000	24,549,000
Net interest income	38,079,000	32,830,000
Provision for credit losses	1,560,000	1,200,000
Net interest income after credit loss expense	36,519,000	31,630,000
Noninterest income:
Service charges and fees	1,505,000	779,000
Earnings on bank-owned life insurance	582,000	475,000
Gain on sale of investment securities available-for-sale	157,000	97,000
Gain on sale of SBA loans	30,000
Derivative fees	66,000	(1,000)
Other	3,000	552,000
Total noninterest income	2,343,000	1,902,000
Noninterest expense:
Salaries and employee benefits	16,502,000	13,712,000
Occupancy and equipment expense	3,045,000	2,633,000
Legal and professional	1,385,000	1,930,000
Data processing and network expense	1,418,000	1,203,000
Regulatory assessments	980,000	666,000
Advertising and marketing	355,000	686,000
Software purchases and maintenance	817,000	352,000
Loan operations	226,000	(35,000)
Telephone and communications	134,000	139,000
Other	1,052,000	758,000
Total noninterest expense	25,914,000	22,044,000
Net income before income tax expense	12,948,000	11,488,000
Income tax expense	2,581,000	2,245,000
Net income	10,367,000	9,243,000
Preferred stock dividends declared	1,171,000	1,171,000
Net income available to common shareholders	$ 9,196,000	$ 8,072,000
Earnings per common share:
Basic earnings per share	$ 0.68	$ 0.6
Diluted earnings per share	$ 0.61	$ 0.55

TCBX Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Cash and cash equivalents:
Cash and due from banks	$ 367,831	$ 296,926
Federal funds sold	130,429	114,919
Total cash and cash equivalents	498,260	411,845
Investment securities available for sale	246,291	178,087
Loans, net of allowance for credit losses of $38,140 and $37,022 at March 31, 2024 and December 31, 2023, respectively	3,708,038	3,601,766
Accrued interest receivable	25,769	23,120
Premises and equipment, net	26,844	28,554
Bank-owned life insurance	66,443	65,861
Non-marketable equity securities, at cost	16,095	16,041
Deferred tax asset, net	8,712	9,227
Derivative assets	11,015	8,828
Right-of-use asset - operating leases	20,729	21,439
Core Deposit Intangible, net	929	969
Goodwill	18,034	18,034
Other assets	13,244	12,303
Total assets	4,660,403	4,396,074
Deposits:
Noninterest bearing	424,019	459,553
Interest bearing	3,626,653	3,343,595
Total deposits	4,050,672	3,803,148
Accrued interest payable	3,927	4,794
Derivative liabilities	8,253	10,687
Lease liability - operating leases	21,647	22,280
Other liabilities	27,806	23,763
Line of credit - Senior Debt	43,875	38,875
Note payable - Subordinated Debentures, net	80,605	80,553
Total liabilities	4,236,785	3,984,100
Shareholders' equity:
Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at March 31, 2024 and December 31, 2023	69	69
Common stock, $1 par value; 50,000,000 shares authorized; 13,731,350 and 13,683,127 issued; and 13,652,888 and 13,604,665 outstanding at March 31, 2024 and December 31, 2023, respectively	13,731	13,683
Additional paid-in capital	320,077	319,613
Retained earnings	87,971	78,775
Accumulated other comprehensive income	2,869	933
Treasury stock: at cost; 78,462 shares at March 31, 2024 and December 31, 2023	(1,099)	(1,099)
Total shareholders' equity	423,618	411,974
Total liabilities and shareholders' equity	$ 4,660,403	$ 4,396,074

About Third Coast Bancshares, Inc.

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, equipment loans, working capital lines of credit, guaranteed loans, auto finance, letters of credit, and commercial and residential real estate loans. In addition, the company provides retail and commercial online banking platforms, mobile banking apps, treasury management solutions, merchant card services, and customer digital solutions, as well as debit and credit cards. The company was founded in 2008 and is headquartered in Humble, Texas.

CEO	Mr. Bart O. Caraway CPA
WEBSITE	tcbssb.com
INDUSTRY	Banks Diversified
EMPLOYEES	377

Third Coast Bancshares, Inc. Frequently Asked Questions

What is the ticker symbol for Third Coast Bancshares, Inc.? What does TCBX stand for in stocks?

TCBX is the stock ticker symbol of Third Coast Bancshares, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Third Coast Bancshares, Inc. (TCBX)?

As of Thu May 16 2024, market cap of Third Coast Bancshares, Inc. is 291.08 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of TCBX stock?

You can check TCBX's fair value in chart for subscribers.

What is the fair value of TCBX stock?

You can check TCBX's fair value in chart for subscribers. The fair value of Third Coast Bancshares, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Third Coast Bancshares, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for TCBX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Third Coast Bancshares, Inc. a good stock to buy?

The fair value guage provides a quick view whether TCBX is over valued or under valued. Whether Third Coast Bancshares, Inc. is cheap or expensive depends on the assumptions which impact Third Coast Bancshares, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for TCBX.

What is Third Coast Bancshares, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 16 2024, TCBX's PE ratio (Price to Earnings) is 8.43 and Price to Sales (PS) ratio is 1.01. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. TCBX PE ratio will change depending on the future growth rate expectations of investors.