Third Coast Bancshares Inc
For the period ended Mar 31, 2024. Filed May 7, 2024.
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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$39.58-0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Comprehensive Income
| For the Three Months EndedMarch 31, | ||
|---|---|---|
| (Dollars in thousands) | 2024 | 2023 |
| Net Income | $10,367 | $9,243 |
| Other comprehensive income (loss): | ||
| Unrealized loss on securities: | ||
| Unrealized holding loss arising during the period | (1,082) | (1,245) |
| Reclassification for net gains realized through the sale of securities | (157) | (97) |
| Income tax benefit | 260 | 282 |
| Other comprehensive loss on securities | (979) | (1,060) |
| Unrealized gain on derivatives: | ||
| Unrealized holding gain arising during the period | 4,135 | 1,531 |
| Reclassification adjustment for accretion of gain on terminated cash flow hedges recorded in interest expense during the period | (445) | (206) |
| Income tax expense | (775) | (278) |
| Other comprehensive income on derivatives | 2,915 | 1,047 |
| Total other comprehensive income (loss) | 1,936 | (13) |
| Total comprehensive income | $12,303 | $9,230 |
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