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$39.58-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Nine MonthsEnded September 30, | ||
|---|---|---|
| (Dollars in thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $57,359 | $48,393 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Provision for credit losses | 3,189 | 5,343 |
| Changes in deferred tax, net | (14,922) | 2,764 |
| Share-based compensation | 1,931 | 1,158 |
| Loss on sale of investment securities available-for-sale | 104 | 338 |
| Gain on sale of factored receivables | (3,463) | — |
| Gain on sale of SBA loans | — | (74) |
| Write-down (write-up) of other real estate owned | 68 | (213) |
| Write-down of fixed assets | 40 | 9 |
| Accretion of premium on securities, net | (1,965) | (1,538) |
| Accretion of gain on terminated cash flow hedges | (2,320) | (2,415) |
| Accretion of loan fees | (10,241) | (9,527) |
| Amortization of subordinated debt origination costs | 155 | 154 |
| Depreciation and amortization | 5,012 | 3,559 |
| Earnings on bank-owned life insurance | (2,295) | (2,206) |
| Net change in operating leases | (10) | 21 |
| Net change in derivative assets and liabilities | (1,862) | 699 |
| Changes in operating assets and liabilities: | ||
| Accrued interest receivable and other assets | 1,012 | (10,196) |
| Accrued interest payable and other liabilities | (16,612) | 8,830 |
| Net cash provided by operating activities | 15,180 | 45,099 |
| Cash flows from investing activities: | ||
| Net (increase) decrease in interest bearing deposits in other banks | (9) | 91 |
| Net purchase of non-marketable equity securities | (3,199) | (10,177) |
| Investment securities available-for-sale activity: | ||
| Purchases | (5,177,379) | (5,155,118) |
| Sales | 60,695 | 53,407 |
| Maturities, calls and principal paydowns | 5,095,648 | 5,117,060 |
| Purchases of investment securities held-to-maturity | — | (206,074) |
| Proceeds from termination of derivative instruments | — | 1,506 |
| Net originations on loans held for investment | (291,692) | (199,496) |
| Net additions to bank premises and equipment | (16,781) | (1,580) |
| Proceeds from sales of foreclosed assets | 203 | 655 |
| Purchase of bank-owned life insurance | — | (5,000) |
| Benefit proceeds from bank-owned life insurance claim | 1,552 | — |
| Net cash acquired from acquisition of Keystone Bancshares, Inc. | 64,125 | — |
| Net cash used in investing activities | (266,837) | (404,726) |
| Cash flows from financing activities: | ||
| Net increase in deposits | 453,925 | 62,243 |
| Net repayment of FHLB Advances | (40,000) | — |
| Net advance from line of credit - senior debt | 24,500 | 2,000 |
| Forfeiture of restricted stock grants withheld to satisfy tax obligations | (166) | (32) |
| Proceeds from stock options exercised | 1,535 | 779 |
| Dividends paid on Series A preferred stock | (3,552) | (3,553) |
| Net cash provided by financing activities | 436,242 | 61,437 |
| Change in cash and cash equivalents | 184,585 | (298,190) |
| Cash and cash equivalents at beginning of period | 181,229 | 421,202 |
| Cash and cash equivalents at end of period | $365,814 | $123,012 |
Consolidated Statements of Cash Flows
| For the Nine MonthsEnded September 30, | ||
|---|---|---|
| (Dollars in thousands) | 2026 | 2025 |
| Supplemental Disclosures of Cash Flow Information: | ||
| Cash paid for interest | $135,681 | $118,039 |
| Cash paid for federal income taxes and purchased tax credits | $18,607 | $7,900 |
| Net cash payments for state income taxes | $424 | $785 |
| Supplemental Disclosure of Noncash Investing and Financing Activities: | ||
| Loans transferred to other real estate owned, net | $18,882 | $7,968 |
| Right of use lease assets obtained in exchange for operating lease liabilities | $1,730 | $381 |
| Common stock issued for acquisition of Keystone Bancshares, Inc. | $103,862 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.