Third Coast Bancshares Inc
For the period ended Jun 30, 2024. Filed Aug 8, 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.
Jun 30, 2024 · Filed Aug 8, 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 EndedJune 30, | For the Six Months EndedJune 30, | |||
|---|---|---|---|---|
| (Dollars in thousands) | 2024 | 2023 | 2024 | 2023 |
| Net Income | $10,796 | $8,891 | $21,163 | $18,134 |
| Other comprehensive income (loss): | ||||
| Unrealized loss on securities: | ||||
| Unrealized holding loss arising during the period | (175) | (1,969) | (1,257) | (3,311) |
| Reclassification for net gains realized through the sale of securities | (123) | — | (280) | — |
| Income tax benefit | 63 | 413 | 323 | 695 |
| Other comprehensive loss on securities | (235) | (1,556) | (1,214) | (2,616) |
| Unrealized gain (loss) on derivatives: | ||||
| Unrealized holding (loss) gain arising during the period | (2,594) | (1,531) | 1,541 | — |
| Gain on termination of derivative instruments | 5,412 | 5,007 | 5,412 | 5,007 |
| Reclassification adjustment for accretion of gain on terminated cash flow hedges recorded in interest expense during the period | (828) | (563) | (1,273) | (769) |
| Income tax expense | (419) | (612) | (1,194) | (890) |
| Other comprehensive income on derivatives | 1,571 | 2,301 | 4,486 | 3,348 |
| Total other comprehensive income | 1,336 | 745 | 3,272 | 732 |
| Total comprehensive income | $12,132 | $9,636 | $24,435 | $18,866 |
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