welcome to third coast bank, where we are charting the course to success for texas business. our journey third coast bank, ssb, was launched in 2008 by a group of local entrepreneurs with a passion for supporting the business community along the texas gulf coast. since then, our bank has grown to $400 million in assets and 5 locations. we've expanded to serve more texas communities while maintaining our focus on responsive service and long-lasting relationships. we appreciate our clients, shareholders, and employees for placing their trust in us. how we serve clients our commercial banking experts provide financial support for small to mid-sized businesses across a variety of sectors including: • commercial • industrial • manufacturing • healthcare • real estate we provide working capital for businesses to build, expand, and remodel facilities, purchase equipment, and refinance/restructure existing loans. as an independent bank with local decision-making ability, we tailor each loan to
Company profile
Ticker
TCBX
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Third Coast Commercial Capital, Inc. ...
IRS number
462135597
TCBX stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
25 Apr 24
DEF 14A
Definitive proxy
25 Apr 24
8-K
Results of Operations and Financial Condition
24 Apr 24
8-K
Entry into a Material Definitive Agreement
24 Apr 24
8-K
Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock
21 Mar 24
8-K
Departure of Directors or Certain Officers
15 Mar 24
8-K
Third Coast Announces Conversion to State-Chartered Bank
14 Mar 24
10-K
2023 FY
Annual report
7 Mar 24
8-K
Third Coast Announces Organizational Changes to Drive Future Growth
4 Mar 24
8-K
Third Coast Bancshares, Inc. Reports Record
25 Jan 24
Transcripts
TCBX
Earnings call transcript
2023 Q4
26 Jan 24
TCBX
Earnings call transcript
2023 Q3
26 Oct 23
TCBX
Earnings call transcript
2023 Q2
27 Jul 23
TCBX
Earnings call transcript
2023 Q1
27 Apr 23
TCBX
Earnings call transcript
2022 Q4
27 Jan 23
TCBX
Earnings call transcript
2022 Q3
27 Oct 22
TCBX
Earnings call transcript
2022 Q2
28 Jul 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 142.12 mm | 142.12 mm | 142.12 mm | 142.12 mm | 142.12 mm | 142.12 mm |
Cash burn (monthly) | 34.23 mm | 6.21 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 235.87 mm | 42.78 mm | n/a | n/a | n/a | n/a |
Cash remaining | -93.74 mm | 99.34 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.7 | 16.0 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
44.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 69 |
Opened positions | 9 |
Closed positions | 8 |
Increased positions | 27 |
Reduced positions | 20 |
13F shares | Current |
---|---|
Total value | 65.53 bn |
Total shares | 5.99 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Castle Creek Capital Partners VIII | 1.11 mm | $18.28 mm |
BLK Blackrock | 853.84 k | $13.55 bn |
Vanguard | 623.98 k | $9.90 bn |
Banc Funds | 487.65 k | $7.74 mm |
Adage Capital Partners GP, L.L.C. | 405.30 k | $6.43 bn |
Alliancebernstein | 295.37 k | $4.69 bn |
Geode Capital Management | 248.01 k | $3.94 bn |
STT State Street | 191.07 k | $3.03 bn |
Kennedy Capital Management | 190.76 k | $3.03 bn |
Thrivent Trust Co of Tennessee | 144.45 k | $2.27 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Mar 24 | Martin Basaldua | Common Stock | Option exercise | Acquire M | No | No | 11 | 5,000 | 55.00 k | 14,431 |
21 Mar 24 | Martin Basaldua | Stock Option Common Stock | Option exercise | Dispose M | No | No | 11 | 5,000 | 55.00 k | 0 |
21 Mar 24 | Troy Andrew Glander | Common Stock | Option exercise | Acquire M | No | No | 11 | 5,000 | 55.00 k | 31,927 |
21 Mar 24 | Troy Andrew Glander | Stock Option Common Stock | Option exercise | Dispose M | No | No | 11 | 5,000 | 55.00 k | 0 |
15 Mar 24 | Bart Caraway | Common Stock | Grant | Acquire A | No | No | 0 | 10,131 | 0.00 | 69,721 |
15 Mar 24 | Richard J Mcwhorter | Common Stock | Grant | Acquire A | No | No | 0 | 13,424 | 0.00 | 114,881 |
15 Mar 24 | William Bobbora | Common Stock | Grant | Acquire A | No | No | 0 | 7,598 | 0.00 | 33,155 |
Press releases
Third Coast Bancshares, Inc. Reports 2024 First Quarter Financial Results
24 Apr 24
Third Coast Bancshares, Inc. Announces 2024 First Quarter Earnings Release and Conference Call Schedule
4 Apr 24
Third Coast Bancshares, Inc. Announces 2024 First Quarter Earnings Release and Conference Call Schedule
4 Apr 24
Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock
21 Mar 24
Third Coast Announces Conversion to State-Chartered Bank
14 Mar 24