Third Coast Bancshares Inc
For the period ended Jun 30, 2024. Filed Aug 8, 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.
Jun 30, 2024 · Filed Aug 8, 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 | — | — | — | — | — | 18,134 | — | — | 18,134 |
| Share-based compensation | — | — | — | — | 767 | — | — | — | 767 |
| Warrants exercised | — | — | 4 | — | 43 | — | — | — | 47 |
| Restricted stock grants | — | — | 74 | — | (74) | — | — | — | — |
| Other comprehensive income, net of tax | — | — | — | — | — | — | 732 | — | 732 |
| Preferred dividends declared - Series A, $33.94 per share | — | — | — | — | — | (2,355) | — | — | (2,355) |
| Balance, June 30, 2023 | $69 | $— | $13,688 | $— | $318,769 | $65,889 | $(1,371) | $(1,099) | $395,945 |
| Balance, December 31, 2023 | $69 | $— | $13,683 | $— | $319,613 | $78,775 | $933 | $(1,099) | $411,974 |
| Net income | — | — | — | — | — | 21,163 | — | — | 21,163 |
| Share-based compensation | — | — | — | — | 788 | — | — | — | 788 |
| Stock options exercised | — | — | 17 | — | 154 | — | — | — | 171 |
| Restricted stock grants | — | — | 45 | — | (45) | — | — | — | — |
| Restricted stock forfeited or withheld to satisfy tax obligations | — | — | (1) | — | (14) | — | — | — | (15) |
| Other comprehensive income, net of tax | — | — | — | — | — | — | 3,272 | — | 3,272 |
| Preferred dividendsdeclared - Series A,$33.94 per share | — | — | — | — | — | (2,355) | — | — | (2,355) |
| Balance, June 30, 2024 | $69 | $— | $13,744 | $— | $320,496 | $97,583 | $4,205 | $(1,099) | $434,998 |
| 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, March 31, 2023 | $69 | $— | $13,658 | $— | $318,350 | $58,182 | $(2,116) | $(1,099) | $387,044 |
| Net income | — | — | — | — | — | 8,891 | — | — | 8,891 |
| Share-based compensation | — | — | — | — | 402 | — | — | — | 402 |
| Warrants exercised | — | — | 4 | — | 43 | — | — | — | 47 |
| Restricted stock grants | — | — | 26 | — | (26) | — | — | — | — |
| Other comprehensive income, net of tax | — | — | — | — | — | — | 745 | — | 745 |
| Preferred dividends declared - Series A, $17.06 per share | — | — | — | — | — | (1,184) | — | — | (1,184) |
| Balance, June 30, 2023 | $69 | $— | $13,688 | $— | $318,769 | $65,889 | $(1,371) | $(1,099) | $395,945 |
| Balance, March 30, 2024 | $69 | $— | $13,731 | $— | $320,077 | $87,971 | $2,869 | $(1,099) | $423,618 |
| Net income | — | — | — | — | — | 10,796 | — | — | 10,796 |
| Share-based compensation | — | — | — | — | 432 | — | — | — | 432 |
| Restricted stock grants | — | — | 13 | — | (13) | — | — | — | — |
| Other comprehensive income, net of tax | — | — | — | — | — | — | 1,336 | — | 1,336 |
| Preferred dividends declared - Series A, $17.06 per share | — | — | — | — | — | (1,184) | — | — | (1,184) |
| Balance, June 30, 2024 | $69 | $— | $13,744 | $— | $320,496 | $97,583 | $4,205 | $(1,099) | $434,998 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.