Third Coast Bancshares Inc
For the period ended Mar 31, 2025. Filed May 6, 2025.
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, 2025 · Filed May 6, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-09-30; filed 2024-11-05.
0000950170-24-121492
Item 1A. Risk FactorsUnregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity SecuritiesDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationCurrent report: 10-Q
Period ended 2025-03-31; filed 2025-05-06.
0000950170-25-064535
Item 1A. Risk FactorsUnregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity SecuritiesDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 11 previous paragraphs and 13 current paragraphs.
10 unchanged; 1 reworded; 2 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
The current filing states there were no material changes to risk factors.
This is the filer’s own statement, not a conclusion from the comparison. Read its qualifications and the report it references.
Current filing’s statement
In evaluating an investment in any of our securities, investors should consider carefully, among other things, information under the heading “Cautionary Note Regarding Forward-Looking Statements” in this Form 10-Q and such other risk factors as we may disclose in other reports and statements filed with the SEC. There have been no material changes in the risk factors disclosed by the Company in its Annual Report on Form 10-K filed with the SEC on March 5, 2025.
Added paragraphs (2)
Current report
On May 4, 2025, the Bank entered into a First Amendment to Salary Continuation Agreement with Bart O. Caraway, Chairman, President and Chief Executive Officer of the Company and the Bank (the “Caraway Amendment”), and a First Amendment to Salary Continuation Agreement with R. John McWhorter, Chief Financial Officer of the Company and the Bank (the “McWhorter Amendment”). The Caraway Amendment amends the Third Coast Bank, SSB Salary Continuation Agreement, dated as of July 6, 2020, by and between the Bank and Mr. Caraway to change the annual benefit for Mr. Caraway, payable in equal monthly installments for a period of 10 years following Mr. Caraway attaining age 62, from $311,453 to $361,453. The McWhorter Amendment amends the Third Coast Bank, SSB Salary Continuation Agreement, dated as of July 6, 2020, by and between the Bank and Mr. McWhorter to change the annual benefit for Mr. McWhorter, payable in equal monthly installments for a period of 10 years following Mr. McWhorter attaining age 62, from $143,525 to $193,525.
Current report
The foregoing description of the Caraway Amendment and the McWhorter Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Caraway Amendment and the McWhorter Amendment, a copy of which is included as Exhibit 10.1 and Exhibit 10.2, respectively, to this Form 10-Q and incorporated herein by reference.
Reworded paragraphs (1)
Previous wording
(a) Represents shares of our common stock transferred to us in order to satisfy tax withholding obligations incurred upon the vesting of restricted stock awards.
Current wording
(a) Represents shares of common stock transferred to us in order to satisfy tax withholding obligations incurred upon the vesting of restricted stock awards.