Third Coast Bancshares Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
TCBX$38.69-1.0%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Shareholders' Equity
| Accumulated | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Additional · Other | |||||||||
| Preferred Stock · Common Stock · Paid in · Retained · Comprehensive · Treasury | |||||||||
| (Dollars in thousands) | Series A | Series B | Voting | Non-Voting | Capital | Earnings | Income (Loss) | Stock | Total |
| Balance, December 31, 2022 | $69 | $— | $13,610 | $— | $318,033 | $53,270 | $(2,103) | $(1,099) | $381,780 |
| Adoption of ASC 326, allowance for credit loss adjustment, net of tax | — | — | — | — | — | (3,160) | — | — | (3,160) |
| Net income | — | — | — | — | — | 9,243 | — | — | 9,243 |
| Share-based compensation | — | — | — | — | 365 | — | — | — | 365 |
| Restricted stock grants | — | — | 48 | — | (48) | — | — | — | — |
| Other comprehensive loss, net of tax | — | — | — | — | — | — | (13) | — | (13) |
| Preferred dividends declared - Series A, $16.88 per share | — | — | — | — | — | (1,171) | — | — | (1,171) |
| Balance, March 31, 2023 | $69 | $— | $13,658 | $— | $318,350 | $58,182 | $(2,116) | $(1,099) | $387,044 |
| Balance, December 31, 2023 | $69 | $— | $13,683 | $— | $319,613 | $78,775 | $933 | $(1,099) | $411,974 |
| Net income | — | — | — | — | — | 10,367 | — | — | 10,367 |
| Share-based compensation | — | — | — | — | 356 | — | — | — | 356 |
| Stock options exercised | — | — | 17 | — | 154 | — | — | — | 171 |
| Restricted stock grants | — | — | 32 | — | (32) | — | — | — | — |
| Restricted stock forfeited or withheld to satisfy tax obligations | — | — | (1) | — | (14) | — | — | — | (15) |
| Other comprehensive income, net of tax | — | — | — | — | — | — | 1,936 | — | 1,936 |
| Preferred dividendsdeclared - Series A,$16.88 per share | — | — | — | — | — | (1,171) | — | — | (1,171) |
| Balance, March 31, 2024 | $69 | $— | $13,731 | $— | $320,077 | $87,971 | $2,869 | $(1,099) | $423,618 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.