Third Coast Bancshares (TCBX) Financials

$28.09 -0.99 (-3.40%)

As of 03:22 PM Eastern

Annual Income Statements for Third Coast Bancshares

This table shows Third Coast Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	17	29	43
Consolidated Net Income / (Loss)	19	33	48
Net Income / (Loss) Continuing Operations	19	33	48
Total Pre-Tax Income	23	42	61
Total Revenue	124	148	171
Net Interest Income / (Expense)	116	140	161
Total Interest Income	154	267	328
Loans and Leases Interest Income	146	249	295
Investment Securities Interest Income	3.93	8.31	17
Federal Funds Sold and Securities Borrowed Interest Income	3.60	9.32	16
Total Interest Expense	37	127	168
Deposits Interest Expense	31	115	160
Long-Term Debt Interest Expense	6.80	12	7.85
Total Non-Interest Income	7.22	8.21	11
Other Service Charges	4.96	5.18	8.12
Net Realized & Unrealized Capital Gains on Investments	0.95	0.92	0.03
Other Non-Interest Income	1.31	2.10	2.48
Provision for Credit Losses	12	6.32	5.70
Total Non-Interest Expense	88	100	104
Salaries and Employee Benefits	57	62	65
Net Occupancy & Equipment Expense	8.53	11	13
Marketing Expense	1.91	2.63	1.71
Property & Liability Insurance Claims	6.99	7.78	5.63
Other Operating Expenses	14	16	19
Income Tax Expense	4.51	8.21	14
Preferred Stock Dividends Declared	1.42	4.74	4.75
Basic Earnings per Share	$1.28	$2.11	$3.14
Weighted Average Basic Shares Outstanding	13.58M	13.61M	13.79M
Diluted Earnings per Share	$1.25	$1.98	$2.78
Weighted Average Diluted Shares Outstanding	13.58M	13.61M	13.79M
Weighted Average Basic & Diluted Shares Outstanding	13.58M	13.61M	13.79M

This table shows Third Coast Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	6.77	6.11	8.07	7.71	4.39	8.49	9.20	9.61	12	13
Consolidated Net Income / (Loss)	6.77	7.53	9.24	8.89	5.58	9.69	10	11	13	14
Net Income / (Loss) Continuing Operations	6.77	7.53	9.24	8.89	5.58	9.69	10	11	13	14
Total Pre-Tax Income	8.27	9.33	11	11	7.01	12	13	14	16	18
Total Revenue	34	34	35	36	37	39	40	42	43	46
Net Interest Income / (Expense)	31	32	33	34	35	37	38	39	40	43
Total Interest Income	43	51	57	63	69	77	79	81	83	86
Loans and Leases Interest Income	40	48	54	59	65	70	71	73	75	76
Investment Securities Interest Income	1.37	1.39	1.55	2.03	1.99	2.75	3.09	4.49	4.53	4.94
Federal Funds Sold and Securities Borrowed Interest Income	1.24	1.68	1.92	1.39	2.02	4.00	5.11	3.63	2.72	4.58
Total Interest Expense	12	19	25	29	34	40	41	42	42	42
Deposits Interest Expense	9.73	16	22	25	30	38	39	40	40	40
Long-Term Debt Interest Expense	2.02	3.32	2.46	3.68	3.77	2.07	2.10	1.96	1.93	1.87
Total Non-Interest Income	2.54	1.75	1.90	2.28	1.87	2.16	2.34	2.89	2.52	2.87
Other Service Charges	1.39	1.13	1.33	1.75	0.85	1.25	1.57	2.18	2.35	2.02
Net Realized & Unrealized Capital Gains on Investments	0.73	0.12	0.10	0.00	0.48	0.35	0.19	0.12	-0.48	0.20
Other Non-Interest Income	0.42	0.50	0.48	0.53	0.54	0.56	0.58	0.59	0.65	0.66
Provision for Credit Losses	2.90	1.95	1.20	1.40	2.62	1.10	1.56	1.90	1.09	1.16
Total Non-Interest Expense	23	23	22	24	28	26	26	26	26	27
Salaries and Employee Benefits	15	14	14	15	17	16	17	16	16	17
Net Occupancy & Equipment Expense	2.23	2.59	2.63	2.85	2.93	2.88	3.05	3.15	3.23	3.29
Marketing Expense	0.44	0.58	0.69	0.81	0.52	0.61	0.36	0.41	0.42	0.53
Property & Liability Insurance Claims	1.35	1.89	1.93	1.55	2.00	2.31	1.39	1.62	1.04	1.59
Other Operating Expenses	3.99	3.10	3.08	3.59	4.71	4.50	4.63	4.54	5.19	4.81
Income Tax Expense	1.50	1.80	2.25	2.25	1.43	2.29	2.58	3.42	3.49	4.19
Preferred Stock Dividends Declared	0.00	1.42	1.17	1.18	1.18	1.20	1.17	1.18	1.20	1.20
Basic Earnings per Share	$0.50	$0.45	$0.60	$0.57	$0.32	$0.62	$0.68	$0.70	$0.85	$0.91
Weighted Average Basic Shares Outstanding	-	13.58M	13.58M	13.61M	13.60M	13.61M	13.65M	13.67M	13.68M	13.79M
Diluted Earnings per Share	$0.49	$0.45	$0.55	$0.53	$0.32	$0.58	$0.61	$0.63	$0.74	$0.80
Weighted Average Diluted Shares Outstanding	-	13.58M	13.58M	13.61M	13.60M	13.61M	13.65M	13.67M	13.68M	13.79M
Weighted Average Basic & Diluted Shares Outstanding	-	13.58M	13.58M	13.61M	13.60M	13.61M	13.65M	13.67M	13.68M	13.79M

This table details how cash moves in and out of Third Coast Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	4.99	80	9.36
Net Cash From Operating Activities	22	39	35
Net Cash From Continuing Operating Activities	22	39	35
Net Income / (Loss) Continuing Operations	19	33	48
Consolidated Net Income / (Loss)	19	33	48
Provision For Loan Losses	12	6.32	5.70
Depreciation Expense	2.56	3.95	4.62
Amortization Expense	-2.49	-4.62	-8.74
Non-Cash Adjustments to Reconcile Net Income	-3.98	-5.17	-6.98
Changes in Operating Assets and Liabilities, net	-5.15	5.19	-7.14
Net Cash From Investing Activities	-1,240	-530	-521
Net Cash From Continuing Investing Activities	-1,240	-530	-521
Purchase of Property, Leasehold Improvements and Equipment	-12	-3.44	-1.77
Purchase of Investment Securities	-3,226	-3,647	-4,600
Sale of Property, Leasehold Improvements and Equipment	1.33	0.00	0.00
Sale and/or Maturity of Investments	2,005	3,122	4,081
Other Investing Activities, net	-7.88	-1.42	0.06
Net Cash From Financing Activities	1,223	570	495
Net Cash From Continuing Financing Activities	1,223	570	495
Net Change in Deposits	1,095	567	507
Issuance of Debt	110	8.00	-8.00
Issuance of Preferred Equity	66	0.00	0.00
Issuance of Common Equity	0.86	0.05	0.00
Repayment of Debt	-50	0.00	0.00
Repurchase of Common Equity	0.00	0.00	0.00
Payment of Dividends	-0.22	-4.74	-4.75
Other Financing Activities, Net	0.67	-0.02	0.55
Cash Interest Paid	35	125	166
Cash Income Taxes Paid	7.07	8.57	16

This table details how cash moves in and out of Third Coast Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-102	114	-21	-43	19	125	86	-244	17	151
Net Cash From Operating Activities	11	6.18	7.98	11	3.07	18	9.43	7.30	22	-3.63
Net Cash From Continuing Operating Activities	11	6.18	7.98	11	3.07	18	9.43	7.30	22	-3.63
Net Income / (Loss) Continuing Operations	6.77	7.53	9.24	8.89	5.58	9.69	10	11	13	14
Consolidated Net Income / (Loss)	6.77	7.53	9.24	8.89	5.58	9.69	10	11	13	14
Provision For Loan Losses	2.90	1.95	1.20	1.40	2.62	1.10	1.56	1.90	1.09	1.16
Depreciation Expense	-0.58	3.24	0.22	0.07	-0.25	3.90	-0.29	-0.65	-1.00	6.56
Amortization Expense	0.08	-2.75	0.18	-0.16	0.05	-4.69	-0.18	-0.39	-0.17	-8.00
Non-Cash Adjustments to Reconcile Net Income	1.28	-1.49	-0.25	-1.61	-1.61	-1.70	-1.27	-1.67	0.00	-4.04
Changes in Operating Assets and Liabilities, net	0.12	-2.29	-2.63	1.91	-3.32	9.23	-0.77	-2.68	9.34	-13
Net Cash From Investing Activities	-248	-144	-114	-138	-227	-50	-174	-48	-138	-160
Net Cash From Continuing Investing Activities	-248	-144	-114	-138	-227	-50	-174	-48	-138	-160
Purchase of Investment Securities	-1,856	-532	-119	-1,838	-242	-1,449	-182	-1,871	-755	-1,793
Sale and/or Maturity of Investments	1,604	399	4.43	1,706	10	1,402	7.86	1,822	625	1,626
Other Investing Activities, net	-	-	-0.13	-5.94	4.89	-0.24	-0.05	-0.05	-8.18	8.35
Net Cash From Financing Activities	135	252	85	85	242	158	251	-203	133	314
Net Cash From Continuing Financing Activities	135	252	85	85	242	158	251	-203	133	314
Net Change in Deposits	86	252	86	86	239	156	248	-195	139	316
Issuance of Debt	-0.12	-0.00	0.00	-	5.00	3.00	5.00	-7.00	-5.00	-1.00
Payment of Dividends	-	-0.22	-1.20	-1.17	-1.18	-1.18	-1.20	-1.17	-1.19	-1.20
Other Financing Activities, Net	0.56	-	0.00	-	-0.01	-0.01	0.16	-	-0.08	0.47
Cash Interest Paid	11	19	25	27	33	39	42	41	41	43
Cash Income Taxes Paid	1.50	1.82	0.00	3.88	2.34	2.35	0.00	3.21	0.00	13

This table presents Third Coast Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	3,773	4,396	4,942
Cash and Due from Banks	330	297	371
Federal Funds Sold	2.15	115	50
Interest Bearing Deposits at Other Banks	-	0.00	0.36
Trading Account Securities	200	203	406
Loans and Leases, Net of Allowance	0.00	0.00	0.00
Premises and Equipment, Net	29	29	26
Goodwill	18	19	19
Other Assets	116	3,734	4,069
Total Liabilities & Shareholders' Equity	3,773	4,396	4,942
Total Liabilities	3,391	3,984	4,482
Non-Interest Bearing Deposits	486	460	602
Interest Bearing Deposits	2,750	3,344	3,708
Short-Term Debt	31	39	31
Accrued Interest Payable	2.55	4.79	6.28
Long-Term Debt	80	81	81
Other Long-Term Liabilities	41	57	53
Commitments & Contingencies	-	0.00	0.00
Total Equity & Noncontrolling Interests	382	412	461
Total Preferred & Common Equity	382	412	461
Preferred Stock	0.07	0.07	0.07
Total Common Equity	382	412	461
Common Stock	332	333	336
Retained Earnings	53	79	122
Treasury Stock	-1.10	-1.10	-1.10
Accumulated Other Comprehensive Income / (Loss)	-2.10	0.93	4.51

This table presents Third Coast Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	3,860	3,963	4,216	4,660	4,474	4,628
Cash and Due from Banks	309	245	142	368	242	258
Federal Funds Sold	1.79	23	144	130	12	12
Interest Bearing Deposits at Other Banks	-	-	-	-	0.35	0.35
Trading Account Securities	195	215	228	273	310	322
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	29	29	29	27	28	27
Goodwill	18	18	18	18	19	0.00
Intangible Assets	1.09	1.05	1.01	0.93	0.00	0.00
Other Assets	129	135	132	135	3,863	3,989
Total Liabilities & Shareholders' Equity	3,860	3,963	4,216	4,660	4,474	4,628
Total Liabilities	3,473	3,568	3,815	4,237	4,039	4,177
Non-Interest Bearing Deposits	517	529	500	424	464	490
Interest Bearing Deposits	2,806	2,879	3,147	3,627	3,391	3,505
Short-Term Debt	31	31	36	44	37	32
Accrued Interest Payable	1.64	3.52	4.32	3.93	5.67	7.28
Long-Term Debt	80	80	81	81	81	81
Other Long-Term Liabilities	37	44	48	58	60	63
Total Equity & Noncontrolling Interests	387	396	400	424	435	451
Total Preferred & Common Equity	387	396	400	424	435	451
Preferred Stock	0.07	0.07	0.07	0.07	0.07	0.07
Total Common Equity	387	396	400	424	435	450
Common Stock	332	332	333	334	334	335
Retained Earnings	58	66	70	88	98	109
Treasury Stock	-1.10	-1.10	-1.10	-1.10	-1.10	-1.10
Accumulated Other Comprehensive Income / (Loss)	-2.12	-1.37	-1.74	2.87	4.21	7.80

This table displays calculated financial ratios and metrics derived from Third Coast Bancshares' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	29.60%	19.45%	16.01%
EBITDA Growth	63.09%	76.21%	39.79%
EBIT Growth	59.97%	79.61%	47.44%
NOPAT Growth	63.33%	79.01%	42.72%
Net Income Growth	63.33%	79.01%	42.72%
EPS Growth	-10.71%	58.40%	40.40%
Operating Cash Flow Growth	375.37%	79.32%	-10.08%
Free Cash Flow Firm Growth	-10.04%	95.98%	234.45%
Invested Capital Growth	40.86%	7.79%	7.71%
Revenue Q/Q Growth	6.21%	3.93%	4.15%
EBITDA Q/Q Growth	-22.11%	3.48%	10.19%
EBIT Q/Q Growth	61.70%	6.79%	10.74%
NOPAT Q/Q Growth	62.43%	6.93%	9.27%
Net Income Q/Q Growth	62.43%	6.93%	9.27%
EPS Q/Q Growth	119.30%	7.03%	8.59%
Operating Cash Flow Q/Q Growth	27.44%	40.96%	-37.58%
Free Cash Flow Firm Q/Q Growth	0.00%	98.97%	340.34%
Invested Capital Q/Q Growth	0.00%	2.84%	1.64%
Profitability Metrics	-	-	-
EBITDA Margin	18.79%	27.71%	33.40%
EBIT Margin	18.73%	28.17%	35.80%
Profit (Net Income) Margin	15.09%	22.61%	27.82%
Tax Burden Percent	80.54%	80.27%	77.70%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	19.46%	19.73%	22.30%
Return on Invested Capital (ROIC)	4.43%	6.52%	8.64%
ROIC Less NNEP Spread (ROIC-NNEP)	4.43%	6.52%	8.64%
Return on Net Nonoperating Assets (RNNOA)	1.05%	1.89%	2.29%
Return on Equity (ROE)	5.48%	8.42%	10.93%
Cash Return on Invested Capital (CROIC)	-29.50%	-0.98%	1.22%
Operating Return on Assets (OROA)	0.74%	1.02%	1.31%
Return on Assets (ROA)	0.59%	0.82%	1.02%
Return on Common Equity (ROCE)	5.48%	8.41%	10.92%
Return on Equity Simple (ROE_SIMPLE)	4.89%	8.11%	10.35%
Net Operating Profit after Tax (NOPAT)	19	33	48
NOPAT Margin	15.09%	22.61%	27.82%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	54.13%	51.53%	46.41%
Operating Expenses to Revenue	71.40%	67.55%	60.88%
Earnings before Interest and Taxes (EBIT)	23	42	61
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	23	41	57
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.65	0.66	1.01
Price to Tangible Book Value (P/TBV)	0.69	0.69	1.05
Price to Revenue (P/Rev)	2.01	1.83	2.71
Price to Earnings (P/E)	14.43	9.43	10.82
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	6.93%	10.60%	9.24%
Enterprise Value to Invested Capital (EV/IC)	0.06	0.00	0.27
Enterprise Value to Revenue (EV/Rev)	0.23	0.00	0.90
Enterprise Value to EBITDA (EV/EBITDA)	1.21	0.00	2.70
Enterprise Value to EBIT (EV/EBIT)	1.21	0.00	2.52
Enterprise Value to NOPAT (EV/NOPAT)	1.51	0.00	3.24
Enterprise Value to Operating Cash Flow (EV/OCF)	1.29	0.00	4.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	23.00
Leverage & Solvency	-	-	-
Debt to Equity	0.29	0.29	0.24
Long-Term Debt to Equity	0.21	0.20	0.18
Financial Leverage	0.24	0.29	0.26
Leverage Ratio	9.21	10.29	10.70
Compound Leverage Factor	9.21	10.29	10.70
Debt to Total Capital	22.56%	22.47%	19.50%
Short-Term Debt to Total Capital	6.26%	7.32%	5.39%
Long-Term Debt to Total Capital	16.30%	15.16%	14.11%
Preferred Equity to Total Capital	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	77.43%	77.51%	80.48%
Debt to EBITDA	4.79	2.92	1.95
Net Debt to EBITDA	-9.50	-7.14	-5.42
Long-Term Debt to EBITDA	3.46	1.97	1.41
Debt to NOPAT	5.96	3.58	2.34
Net Debt to NOPAT	-11.83	-8.75	-6.50
Long-Term Debt to NOPAT	4.31	2.41	1.69
Noncontrolling Interest Sharing Ratio	0.01%	0.02%	0.02%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-124	-5.00	6.72
Operating Cash Flow to CapEx	200.60%	1,136.89%	1,989.58%
Free Cash Flow to Firm to Interest Expense	-3.32	-0.04	0.04
Operating Cash Flow to Interest Expense	0.58	0.31	0.21
Operating Cash Flow Less CapEx to Interest Expense	0.29	0.28	0.20
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.04	0.04
Fixed Asset Turnover	5.18	5.16	6.26
Capital & Investment Metrics	-	-	-
Invested Capital	493	531	572
Invested Capital Turnover	0.29	0.29	0.31
Increase / (Decrease) in Invested Capital	143	38	41
Enterprise Value (EV)	28	-22	155
Market Capitalization	249	270	464
Book Value per Share	$28.27	$30.28	$33.68
Tangible Book Value per Share	$26.85	$28.88	$32.30
Total Capital	493	531	572
Total Debt	111	119	112
Total Long-Term Debt	80	81	81
Net Debt	-221	-292	-310
Capital Expenditures (CapEx)	11	3.44	1.77
Net Nonoperating Expense (NNE)	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	111	119	112
Total Depreciation and Amortization (D&A)	0.07	-0.67	-4.12
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$1.28	$2.11	$3.14
Adjusted Weighted Average Basic Shares Outstanding	13.58M	13.61M	13.79M
Adjusted Diluted Earnings per Share	$1.25	$1.98	$2.78
Adjusted Weighted Average Diluted Shares Outstanding	13.58M	13.61M	13.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.58M	13.61M	13.79M
Normalized Net Operating Profit after Tax (NOPAT)	19	33	48
Normalized NOPAT Margin	15.09%	22.61%	27.82%
Pre Tax Income Margin	18.73%	28.17%	35.80%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.62	0.33	0.37
NOPAT to Interest Expense	0.50	0.26	0.28
EBIT Less CapEx to Interest Expense	0.33	0.30	0.36
NOPAT Less CapEx to Interest Expense	0.21	0.24	0.27
Payout Ratios	-	-	-
Dividend Payout Ratio	1.18%	14.18%	9.96%
Augmented Payout Ratio	1.18%	14.18%	9.96%

This table displays calculated financial ratios and metrics derived from Third Coast Bancshares' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	47.58%	27.11%	29.23%	25.42%	9.56%	16.47%	16.38%	14.76%	15.53%	17.28%
EBITDA Growth	157.13%	-40.20%	413.78%	231.05%	-12.40%	14.01%	4.95%	19.17%	121.86%	47.29%
EBIT Growth	175.27%	1,817.29%	326.27%	286.71%	-15.20%	28.38%	12.71%	27.61%	132.00%	49.70%
NOPAT Growth	183.83%	2,027.17%	342.88%	290.47%	-17.61%	28.76%	12.16%	21.43%	129.02%	41.74%
Net Income Growth	183.83%	2,027.17%	342.88%	290.47%	-17.61%	28.76%	12.16%	21.43%	129.02%	41.74%
EPS Growth	75.00%	295.65%	266.67%	231.25%	-34.69%	28.89%	10.91%	18.87%	131.25%	37.93%
Operating Cash Flow Growth	261.28%	315.92%	804.65%	152.53%	-71.01%	183.81%	18.15%	-30.45%	618.83%	-120.68%
Free Cash Flow Firm Growth	203.59%	0.00%	86.91%	84.34%	-293.45%	78.81%	30.08%	48.70%	93.42%	5.20%
Invested Capital Growth	0.00%	40.86%	15.16%	17.64%	0.00%	7.79%	9.99%	8.92%	8.98%	7.71%
Revenue Q/Q Growth	16.86%	0.03%	2.44%	4.73%	2.08%	6.34%	2.37%	3.28%	2.76%	7.95%
EBITDA Q/Q Growth	132.49%	26.40%	21.18%	-7.04%	-38.48%	64.51%	11.56%	5.56%	14.53%	9.22%
EBIT Q/Q Growth	186.88%	12.85%	23.17%	-3.02%	-37.09%	70.84%	8.13%	9.80%	14.38%	10.23%
NOPAT Q/Q Growth	197.32%	11.15%	22.83%	-3.81%	-37.26%	73.70%	7.00%	4.14%	18.33%	7.50%
Net Income Q/Q Growth	197.32%	11.15%	22.83%	-3.81%	-37.26%	73.70%	7.00%	4.14%	18.33%	7.50%
EPS Q/Q Growth	206.25%	-8.16%	22.22%	-3.64%	-39.62%	81.25%	5.17%	3.28%	17.46%	8.11%
Operating Cash Flow Q/Q Growth	154.31%	-41.58%	29.17%	31.60%	-70.81%	471.97%	-46.23%	-22.53%	201.68%	-116.46%
Free Cash Flow Firm Q/Q Growth	161.60%	-151.27%	58.39%	-19.17%	-660.94%	94.38%	-37.28%	12.56%	2.36%	19.11%
Invested Capital Q/Q Growth	-100.00%	0.00%	1.08%	1.80%	1.86%	2.84%	3.14%	0.81%	1.92%	1.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	22.91%	28.95%	34.25%	30.40%	18.32%	28.34%	30.88%	31.56%	35.18%	35.59%
EBIT Margin	24.39%	27.51%	33.08%	30.63%	18.87%	30.32%	32.03%	34.06%	37.90%	38.71%
Profit (Net Income) Margin	19.97%	22.20%	26.61%	24.44%	15.02%	24.54%	25.65%	25.86%	29.78%	29.65%
Tax Burden Percent	81.91%	80.68%	80.46%	79.80%	79.58%	80.92%	80.07%	75.94%	78.56%	76.61%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	18.09%	19.32%	19.54%	20.20%	20.42%	19.08%	19.93%	24.06%	21.44%	23.39%
Return on Invested Capital (ROIC)	0.00%	6.51%	7.52%	7.24%	8.26%	7.08%	7.52%	7.75%	9.08%	9.21%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	6.51%	7.52%	7.24%	8.26%	7.08%	7.52%	7.75%	9.08%	9.21%
Return on Net Nonoperating Assets (RNNOA)	0.00%	1.55%	2.65%	2.49%	2.40%	2.06%	2.19%	2.13%	2.44%	2.44%
Return on Equity (ROE)	0.00%	8.06%	10.17%	9.73%	10.67%	9.13%	9.71%	9.88%	11.52%	11.65%
Cash Return on Invested Capital (CROIC)	0.00%	-29.50%	-8.55%	-9.30%	-187.91%	-0.98%	-2.92%	-1.67%	-0.52%	1.22%
Operating Return on Assets (OROA)	0.00%	1.08%	1.26%	1.16%	0.64%	1.10%	1.15%	1.28%	1.41%	1.42%
Return on Assets (ROA)	0.00%	0.88%	1.01%	0.93%	0.51%	0.89%	0.92%	0.97%	1.11%	1.09%
Return on Common Equity (ROCE)	0.00%	8.06%	10.17%	9.73%	10.67%	9.13%	9.71%	9.88%	11.52%	11.65%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	6.67%	8.19%	7.80%	0.00%	8.15%	8.37%	9.68%	0.00%
Net Operating Profit after Tax (NOPAT)	6.77	7.53	9.24	8.89	5.58	9.69	10	11	13	14
NOPAT Margin	19.97%	22.20%	26.61%	24.44%	15.02%	24.54%	25.65%	25.86%	29.78%	29.65%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	51.31%	52.04%	49.04%	51.40%	55.99%	49.66%	49.24%	46.64%	45.05%	44.99%
Operating Expenses to Revenue	67.06%	66.74%	63.47%	65.52%	74.07%	66.89%	64.11%	61.39%	59.57%	58.80%
Earnings before Interest and Taxes (EBIT)	8.27	9.33	11	11	7.01	12	13	14	16	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	7.77	9.82	12	11	6.80	11	12	13	15	16
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.65	0.55	0.54	0.58	0.66	0.64	0.67	0.81	1.01
Price to Tangible Book Value (P/TBV)	0.00	0.69	0.58	0.57	0.61	0.69	0.67	0.70	0.81	1.05
Price to Revenue (P/Rev)	1.98	2.01	1.62	1.55	1.64	1.83	1.78	1.83	2.22	2.71
Price to Earnings (P/E)	20.11	14.43	9.19	7.52	8.85	9.43	9.14	9.16	9.41	10.82
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.97%	6.93%	10.89%	13.30%	11.29%	10.60%	10.94%	10.91%	10.63%	9.24%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.06	0.03	0.12	0.12	0.00	0.00	0.28	0.37	0.27
Enterprise Value to Revenue (EV/Rev)	0.00	0.23	0.10	0.42	0.44	0.00	0.00	0.97	1.26	0.90
Enterprise Value to EBITDA (EV/EBITDA)	0.00	1.21	0.42	1.45	1.58	0.00	0.00	3.52	4.00	2.70
Enterprise Value to EBIT (EV/EBIT)	0.00	1.21	0.43	1.46	1.61	0.00	0.00	3.33	3.75	2.52
Enterprise Value to NOPAT (EV/NOPAT)	0.00	1.51	0.53	1.82	2.00	0.00	0.00	4.22	4.76	3.24
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	1.29	0.48	1.67	2.26	0.00	0.00	4.12	3.69	4.40
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.29	0.29	0.28	0.29	0.29	0.29	0.27	0.25	0.24
Long-Term Debt to Equity	0.00	0.21	0.21	0.20	0.20	0.20	0.19	0.19	0.18	0.18
Financial Leverage	0.00	0.24	0.35	0.34	0.29	0.29	0.29	0.28	0.27	0.26
Leverage Ratio	0.00	9.21	10.03	10.49	10.53	10.29	10.51	10.15	10.39	10.70
Compound Leverage Factor	0.00	9.21	10.03	10.49	10.53	10.29	10.51	10.15	10.39	10.70
Debt to Total Capital	0.00%	22.56%	22.33%	21.95%	22.52%	22.47%	22.71%	21.27%	19.99%	19.50%
Short-Term Debt to Total Capital	0.00%	6.26%	6.20%	6.09%	6.94%	7.32%	8.01%	6.67%	5.66%	5.39%
Long-Term Debt to Total Capital	0.00%	16.30%	16.13%	15.86%	15.58%	15.16%	14.71%	14.60%	14.33%	14.11%
Preferred Equity to Total Capital	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	77.43%	77.66%	78.04%	77.46%	77.51%	77.28%	78.72%	80.00%	80.48%
Debt to EBITDA	0.00	4.79	3.39	2.75	2.94	2.92	3.00	2.69	2.17	1.95
Net Debt to EBITDA	0.00	-9.50	-6.08	-3.87	-4.30	-7.14	-9.00	-3.13	-3.05	-5.42
Long-Term Debt to EBITDA	0.00	3.46	2.45	1.98	2.03	1.97	1.94	1.85	1.55	1.41
Debt to NOPAT	0.00	5.96	4.31	3.43	3.73	3.58	3.61	3.23	2.58	2.34
Net Debt to NOPAT	0.00	-11.83	-7.73	-4.83	-5.45	-8.75	-10.83	-3.75	-3.63	-6.50
Long-Term Debt to NOPAT	0.00	4.31	3.11	2.48	2.58	2.41	2.33	2.21	1.85	1.69
Noncontrolling Interest Sharing Ratio	0.00%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	264	-135	-56	-67	-511	-29	-39	-34	-34	-27
Operating Cash Flow to CapEx	326.56%	154.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	22.49	-7.13	-2.30	-2.35	-14.98	-0.72	-0.97	-0.81	-0.79	-0.65
Operating Cash Flow to Interest Expense	0.90	0.33	0.33	0.37	0.09	0.44	0.23	0.17	0.52	-0.09
Operating Cash Flow Less CapEx to Interest Expense	0.62	0.11	0.33	0.37	0.09	0.44	0.23	0.17	0.52	-0.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.04	0.04	0.04	0.03	0.04	0.04	0.04	0.04	0.04
Fixed Asset Turnover	0.00	5.18	5.33	5.38	4.90	5.16	5.54	5.64	5.91	6.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	493	498	507	517	531	548	553	563	572
Invested Capital Turnover	0.00	0.29	0.28	0.30	0.55	0.29	0.29	0.30	0.30	0.31
Increase / (Decrease) in Invested Capital	-257	143	66	76	517	38	50	45	46	41
Enterprise Value (EV)	0.00	28	14	59	63	-22	-101	154	208	155
Market Capitalization	231	249	213	216	233	270	272	290	366	464
Book Value per Share	$0.00	$28.27	$28.50	$29.15	$29.42	$30.28	$31.13	$31.86	$32.97	$33.68
Tangible Book Value per Share	$0.00	$26.85	$27.09	$27.75	$28.02	$28.88	$29.73	$30.47	$32.97	$32.30
Total Capital	0.00	493	498	507	517	531	548	553	563	572
Total Debt	0.00	111	111	111	116	119	124	118	113	112
Total Long-Term Debt	0.00	80	80	80	81	81	81	81	81	81
Net Debt	0.00	-221	-200	-157	-170	-292	-374	-137	-158	-310
Capital Expenditures (CapEx)	3.24	4.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	0.00	111	111	111	116	119	124	118	113	112
Total Depreciation and Amortization (D&A)	-0.50	0.49	0.41	-0.08	-0.21	-0.78	-0.47	-1.04	-1.17	-1.44
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.45	$0.60	$0.57	$0.32	$0.62	$0.68	$0.70	$0.85	$0.91
Adjusted Weighted Average Basic Shares Outstanding	0.00	13.58M	13.58M	13.61M	13.60M	13.61M	13.65M	13.67M	13.68M	13.79M
Adjusted Diluted Earnings per Share	$0.00	$0.45	$0.55	$0.53	$0.32	$0.58	$0.61	$0.63	$0.74	$0.80
Adjusted Weighted Average Diluted Shares Outstanding	0.00	13.58M	13.58M	13.61M	13.60M	13.61M	13.65M	13.67M	13.68M	13.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	13.58M	13.58M	13.61M	13.60M	13.61M	13.65M	13.67M	13.68M	13.79M
Normalized Net Operating Profit after Tax (NOPAT)	6.77	7.53	9.24	8.89	5.58	9.69	10	11	13	14
Normalized NOPAT Margin	19.97%	22.20%	26.61%	24.44%	15.02%	24.54%	25.65%	25.86%	29.78%	29.65%
Pre Tax Income Margin	24.39%	27.51%	33.08%	30.63%	18.87%	30.32%	32.03%	34.06%	37.90%	38.71%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.70	0.49	0.47	0.39	0.21	0.30	0.32	0.34	0.38	0.43
NOPAT to Interest Expense	0.58	0.40	0.38	0.31	0.16	0.24	0.25	0.25	0.30	0.33
EBIT Less CapEx to Interest Expense	0.43	0.28	0.47	0.39	0.21	0.30	0.32	0.34	0.38	0.43
NOPAT Less CapEx to Interest Expense	0.30	0.19	0.38	0.31	0.16	0.24	0.25	0.25	0.30	0.33
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	1.18%	5.49%	7.98%	12.08%	14.18%	13.72%	13.00%	10.86%	9.96%
Augmented Payout Ratio	0.00%	1.18%	5.49%	7.98%	12.08%	14.18%	13.72%	13.00%	10.86%	9.96%

Frequently Asked Questions About Third Coast Bancshares' Financials

When does Third Coast Bancshares's financial year end?

According to the most recent income statement we have on file, Third Coast Bancshares' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Third Coast Bancshares' net income changed over the last 2 years?

Third Coast Bancshares' net income appears to be on an upward trend, with a most recent value of $47.67 million in 2024, rising from $18.66 million in 2022. The previous period was $33.40 million in 2023.

How has Third Coast Bancshares revenue changed over the last 2 years?

Over the last 2 years, Third Coast Bancshares' total revenue changed from $123.68 million in 2022 to $171.38 million in 2024, a change of 38.6%.

How much debt does Third Coast Bancshares have?

Third Coast Bancshares' total liabilities were at $4.48 billion at the end of 2024, a 12.5% increase from 2023, and a 32.2% increase since 2022.

How much cash does Third Coast Bancshares have?

In the past 2 years, Third Coast Bancshares' cash and equivalents has ranged from $296.93 million in 2023 to $371.16 million in 2024, and is currently $371.16 million as of their latest financial filing in 2024.

How has Third Coast Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Third Coast Bancshares' book value per share changed from 28.27 in 2022 to 33.68 in 2024, a change of 19.1%.

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This page (NASDAQ:TCBX) was last updated on 4/25/2025 by MarketBeat.com Staff

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Third Coast Bancshares (TCBX) Financials

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Third Coast Bancshares (TCBX) Financials

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