Third Coast Bancshares, Inc.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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, 2026 · Filed May 5, 2026
TCBX$39.58-0.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
| For the Three MonthsEnded March 31, | ||
|---|---|---|
| (Dollars in thousands, except share and per share data) | 2026 | 2025 |
| Interest income: | ||
| Loans, including fees | $85,893 | $73,087 |
| Investment securities available-for-sale | 6,107 | 5,693 |
| Investment securities held-to-maturity | 2,398 | — |
| Federal funds sold and other | 2,988 | 1,986 |
| Total interest income | 97,386 | 80,766 |
| Interest expense: | ||
| Deposit accounts | 41,484 | 36,226 |
| FHLB advances and other borrowings | 2,257 | 1,743 |
| Total interest expense | 43,741 | 37,969 |
| Net interest income | 53,645 | 42,797 |
| Provision for credit losses | 580 | 450 |
| Net interest income after provision for credit losses | 53,065 | 42,347 |
| Noninterest income: | ||
| Service charges and fees | 3,175 | 2,277 |
| Earnings on bank-owned life insurance | 750 | 677 |
| Loss on sale of investment securities available-for-sale | (11) | (228) |
| Gain on sales of SBA loans | — | 30 |
| Other | 119 | 351 |
| Total noninterest income | 4,033 | 3,107 |
| Noninterest expense: | ||
| Salaries and employee benefits | 24,808 | 18,341 |
| Occupancy and equipment expense | 3,349 | 2,834 |
| Legal and professional | 3,221 | 1,431 |
| Data processing and network expense | 1,414 | 1,120 |
| Regulatory assessments | 1,210 | 1,306 |
| Advertising and marketing | 639 | 409 |
| Software purchases and maintenance | 1,419 | 1,259 |
| Loan operations and other real estate owned expense | 537 | 269 |
| Telephone and communications | 144 | 175 |
| Other | 1,362 | 964 |
| Total noninterest expense | 38,103 | 28,108 |
| Net income before income tax expense | 18,995 | 17,346 |
| Income tax expense | 2,627 | 3,757 |
| Net income | 16,368 | 13,589 |
| Preferred stock dividends declared | 1,171 | 1,171 |
| Net income available to common shareholders | $15,197 | $12,418 |
| Earnings per common share: | ||
| Basic earnings per share | $1.03 | $0.90 |
| Diluted earnings per share | $0.88 | $0.78 |
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