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Third Coast Bancshares (TCBX)

Company Profile

Company profile

Ticker

TCBX

Exchange

Website

CEO

Mr. Bart O. Caraway CPA

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

Savings Institutions, Not Federally Chartered

Flagstar Financial • Berkshire Hills Bancorp • NB Bancorp, Inc. Common Stock • Heritage Financial • Blue Foundry Bancorp • United Community Financial • ESSA Bancorp • Southern Missouri Bancorp • Pioneer Bancorp • PCSB Financial ...

SEC CIK

Corporate docs

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Third Coast Commercial Capital, Inc. ...

IRS number

462135597

TCBX stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Keefe, Bruyette & Woods

Latest filings (excl ownership)

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5 Mar 25

Results of Operations and Financial Condition

Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock

Quarterly report

5 Nov 24

Results of Operations and Financial Condition

Notice of effectiveness

Shelf registration

Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock

Quarterly report

8 Aug 24

Results of Operations and Financial Condition

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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William Bobbora

W. Donald Brunson

ALLIANCEBERNSTEIN L.P.

Christopher Seay Peacock

Martin Basaldua

William Bobbora

Castle Creek Capital Partners VIII, LP

Castle Creek Capital Partners VIII, LP

Financial summary

Financial statements Chart TCBX financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	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)	371.16 mm	371.16 mm	371.16 mm	371.16 mm	371.16 mm	371.16 mm
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	1.21 mm	(no burn)
Cash used (since last report)	n/a	n/a	n/a	n/a	2.76 mm	n/a
Cash remaining	n/a	n/a	n/a	n/a	368.39 mm	n/a
Runway (months of cash)	n/a	n/a	n/a	n/a	304.8	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

TCBX institutional ownership history Ownership history

54.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	91	79	+15.2%
Opened positions	21	12	+75.0%
Closed positions	9	7	+28.6%
Increased positions	29	31	-6.5%
Reduced positions	23	19	+21.1%

13F shares	Current	Prev Q	Change
Total value	166.66 bn	115.33 bn	+44.5%
Total shares	7.47 mm	6.60 mm	+13.3%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Castle Creek Capital Partners VIII	1.11 mm	$18.28 mm	0.0%
BlackRock	892.14 k	$23.88 bn	NEW
Vanguard	633.82 k	$16.97 bn	+1.2%
Banc Funds	432.75 k	$11.58 bn	-11.3%
Alliancebernstein	332.60 k	$8.90 bn	+0.9%
Kennedy Capital Management	313.20 k	$8.38 bn	-5.5%
Adage Capital Partners GP, L.L.C.	295.17 k	$7.90 bn	-42.0%
Geode Capital Management	274.96 k	$7.36 bn	+1.2%
Ategra Capital Management	269.10 k	$7.20 bn	NEW
Wasatch Advisors	254.41 k	$6.81 bn	NEW

Largest transactions	Shares	Bought/sold	Change
BlackRock	892.14 k	+892.14 k	NEW
BLK BlackRock	0.00	-860.06 k	EXIT
Ategra Capital Management	269.10 k	+269.10 k	NEW
Wasatch Advisors	254.41 k	+254.41 k	NEW
Adage Capital Partners GP, L.L.C.	295.17 k	-213.89 k	-42.0%
Hillsdale Investment Management	110.70 k	+110.70 k	NEW
rhino investment partners	78.18 k	+78.18 k	NEW
Banc Funds	432.75 k	-54.91 k	-11.3%
Wellington Management	53.90 k	+53.90 k	NEW
TFC Truist Financial	50.00 k	+50.00 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

TCBX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
21 Feb 25	William Bobbora	Common Stock	Buy	Acquire P	Yes	No	35.635	800	28.51 k	6,850
19 Feb 25	W. Donald Brunson	Common Stock	Sell	Dispose S	No	No	37.535	2,000	75.07 k	38,118
13 Feb 25	Liz Eber	Common Stock	Buy	Acquire P	No	No	37.2599	50	1.86 k	164
3 Feb 25	Christopher Seay Peacock	Common Stock	Payment of exercise	Dispose F	No	No	35.4	75	2.66 k	856
23 Dec 24	Martin Basaldua	Common Stock	Option exercise	Acquire M	No	No	11	3,750	41.25 k	19,143
23 Dec 24	Martin Basaldua	Stock Option Common Stock	Option exercise	Dispose M	No	No	11	3,750	41.25 k	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

This Apple Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday

Keefe, Bruyette & Woods Downgrades Third Coast Bancshares to Market Perform, Raises Price Target to $42

Keefe, Bruyette & Woods analyst Wood Lay downgrades Third Coast Bancshares (NASDAQ:TCBX) from Outperform to Market Perform and raises the price target from $40 to $42.

Raymond James Reiterates Outperform on Third Coast Bancshares, Raises Price Target to $39

Raymond James analyst Michael Rose reiterates Third Coast Bancshares (NASDAQ:TCBX) with a Outperform and raises the price target from $34 to $39.

Stephens & Co. Reiterates Overweight on Third Coast Bancshares, Maintains $42 Price Target

Third Coast Bancshares Q4 Earnings Assessment

Press releases

From Benzinga Pro

Third Coast Bancshares, Inc. Reports 2024 Fourth Quarter and Full Year Financial Results

Year Over Year Book Value grew 12.8% and Tangible Book Value(1) grew 13.6% HOUSTON, Jan. 22, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX) (the "Company," "Third Coast," "we,"

Third Coast Bancshares, Inc. Announces 2024 Fourth Quarter and Full Year Earnings Release and Conference Call Schedule

HOUSTON, Jan. 8, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), ("Third Coast"), the holding company of Third Coast Bank, today announced that it will report its 2024 fourth quarter and full

Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock

HOUSTON, Dec. 19, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ:TCBX), the holding company of Third Coast Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $17.25 per

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