Third Coast Bancshares, Inc.
For the period ended Sep 30, 2026. Filed Nov 3, 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.
Sep 30, 2026 · Filed Nov 3, 2026
TCBX$39.81+2.9%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
| (Dollars in thousands, except share and per share data) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS · (unaudited) | ||
| Cash and cash equivalents: | ||
| Cash and due from banks | $359,763 | $175,202 |
| Federal funds sold | 6,051 | 6,027 |
| Total cash and cash equivalents | 365,814 | 181,229 |
| Interest bearing time deposits in other banks | 276 | 267 |
| Investment securities available-for-sale | 461,524 | 383,192 |
| Investment securities held-to-maturity | 191,924 | 192,008 |
| Loans, net of allowance for credit losses of $54,418 and $43,949 at September 30, 2026 and December 31, 2025, respectively | 5,439,085 | 4,350,802 |
| Accrued interest receivable | 32,083 | 29,236 |
| Premises and equipment, net | 40,645 | 24,789 |
| Other real estate owned | 26,999 | 8,388 |
| Bank-owned life insurance | 77,100 | 76,357 |
| Non-marketable equity securities, at cost | 24,860 | 16,424 |
| Deferred tax asset, net | 26,644 | 6,450 |
| Derivative assets | 5,307 | 2,544 |
| Right-of-use asset - operating leases | 16,833 | 17,066 |
| Core deposit intangibles, net | 7,655 | 646 |
| Goodwill | 46,079 | 18,034 |
| Other assets | 42,792 | 33,327 |
| Total assets | $6,805,620 | $5,340,759 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Deposits: | ||
| Noninterest bearing | $721,194 | $495,000 |
| Interest bearing | 5,203,574 | 4,131,888 |
| Total deposits | 5,924,768 | 4,626,888 |
| Accrued interest payable | 6,910 | 5,957 |
| Derivative liabilities | 10,368 | 3,142 |
| Lease liability - operating leases | 17,887 | 18,130 |
| Other liabilities | 27,260 | 36,775 |
| Line of credit - Senior Debt | 62,375 | 37,875 |
| Note payable - Subordinated Debentures, net | 81,120 | 80,965 |
| Total liabilities | 6,130,688 | 4,809,732 |
| Shareholders' equity: | ||
| Preferred stock, $1 par value; 1,000,000 shares authorized | ||
| Series A Convertible Non-Cumulative Preferred Stock, $1 par value; 69,400 shares authorized and outstanding at September 30, 2026 and December 31, 2025 | 69 | 69 |
| Series B Convertible Perpetual Preferred Stock, $1 par value; 69,400 shares authorized | — | — |
| Common stock, $1 par value; 50,000,000 shares authorized; 16,742,520 and 13,969,517 issued; and 16,664,058 and 13,891,055 outstanding at September 30, 2026 and December 31, 2025, respectively | 16,742 | 13,970 |
| Common stock - non-voting, $1 par value; 3,500,000 shares authorized | — | — |
| Additional paid-in capital | 431,086 | 323,929 |
| Retained earnings | 237,045 | 183,238 |
| Accumulated other comprehensive (loss) income | (8,911) | 10,920 |
| Treasury stock: at cost; 78,462 shares at September 30, 2026 and December 31, 2025 | (1,099) | (1,099) |
| Total shareholders' equity | 674,932 | 531,027 |
| Total liabilities and shareholders' equity | $6,805,620 | $5,340,759 |
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