Financial Snapshot

Revenue
Gross Margin
Net Earnings
$38.88M
TTM
Current Assets
Current Liabilities
$28.70M
Q3 2024
Current Ratio
Total Assets
$4.628B
Q3 2024
Total Liabilities
$4.177B
Q3 2024
Book Value
$450.5M
Q3 2024
Cash
Q3 2024
P/E
12.44
Nov 29, 2024 EST
Free Cash Flow
$45.28M
TTM

Revenues

Revenues

Loading...

Revenue YoY Change

Loading...

Revenues

Concept 2023 2022 2021 2020
Revenue
YoY Change

Expenses

Cost Of Revenues

Loading...

Gross Profit

Loading...

Gross Profit Margin

Loading...

Gross Profit

Concept 2023 2022 2021 2020
Revenue
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Loading...

Research & Development

Loading...

Depreciation, Depletion & Amortization

Loading...

SGA Expense to Gross Profit Ratio

Loading...

R&D To Gross Profit Ratio

Loading...

DDA To Gross Profit Ratio

Loading...

Operating Expenses Total

Loading...

Operating Profits/Loss

Loading...

Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.500M $2.600M $1.700M $1.500M
YoY Change 34.62% 52.94% 13.33% 72.61%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Loading...

Interest Expenses To Operating Income %

Loading...

Other Expense/Income

Loading...

Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $127.0M $37.49M $10.06M $14.36M
YoY Change 238.79% 272.61% -29.93% -10.1%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Loading...

Income Tax

Loading...

Net Profits/Loss

Loading...

Pretax Income YoY Change

Loading...

Income Tax Rate

Loading...

Net Profits/Loss YoY Change

Loading...

Basic EPS

Loading...

Net Income To Revenue Ratio

Loading...

Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $41.61M $23.17M $14.48M $15.61M
YoY Change 79.61% 59.97% -7.22% 382.83%
Income Tax $8.211M $4.509M $3.059M $3.495M
% Of Pretax Income 19.73% 19.46% 21.12% 22.39%
Net Earnings $28.67M $18.66M $11.42M $12.12M
YoY Change 53.63% 63.33% -5.7% 408.82%
Net Earnings / Revenue
Basic Earnings Per Share $2.11 $1.28 $1.45 $1.94
Diluted Earnings Per Share $1.70 $1.357M $1.40 $1.91

Assets & Liabilities

Cash & Short-Term Investments

Loading...

Cash & Equivalents

Loading...

Cash To Operating Expenses Ratio

Loading...

Inventory

Loading...

Receivables

Loading...

Total Short-Term Assets

Loading...

Property, Plant And Equipment

Loading...

Long-Term Investments

Loading...

Total Long-Term Assets

Loading...

Total Assets

Loading...

Net Income To Total Assets Percentage

Loading...

Accounts Payable

Loading...

Short-Term Debt

Loading...

Long Term Debt Due

Loading...

Total Short-Term Liabilities

Loading...

Long-Term Debt

Loading...

Other Long-Term Liabilities

Loading...

Total Long-Term Liabilities

Loading...

Total Liabilities

Loading...

Short-Term To Long-Term Debt Ratio

Loading...

Short-Term Assets To Debt Ratio

Loading...

Long-Term Debt To Net Income Ratio

Loading...

Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $49.99M $46.53M $19.05M $15.16M
YoY Change 7.43% 144.34% 25.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $9.227M $6.303M $4.123M $4.039M
YoY Change 46.39% 52.87% 2.08%
Total Long-Term Assets
YoY Change
Total Assets $4.396B $3.773B $2.499B $1.867B
YoY Change
Accounts Payable $4.794M $2.545M $437.0K $1.215M
YoY Change 88.37% 482.38% -64.04%
Accrued Expenses $22.28M $18.21M
YoY Change 22.36%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $27.07M $20.75M $437.0K $1.215M
YoY Change 30.45% 4649.2% -64.04%
Long-Term Debt $119.4M $111.2M $1.000M $33.88M
YoY Change 7.38% 11022.3% -97.05%
Other Long-Term Liabilities $34.45M $23.25M $7.769M $6.654M
YoY Change 48.2% 199.2% 16.75%
Total Long-Term Liabilities $153.9M $134.5M $8.769M $40.53M
YoY Change 14.43% 1433.45% -78.36%
Total Liabilities $3.984B $3.391B $2.200B $1.746B
YoY Change 17.48% 54.12% 26.06%

Ownership

Basic Shares Outstanding

Loading...

Diluted Shares Outstanding

Loading...

Preferred Stock

Loading...

Treasury Stock Shares

Loading...

Stock Issuance & Repurchase

Loading...

Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 13.58M 13.47M 7.874M 6.232M
Diluted Shares Outstanding 16.88M 13.75M 8.139M 6.330M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Loading...

Book Value

Loading...

Free Cash Flow

Loading...

Free Cash Flow YoY

Loading...

Free Cash Flow Margin

Loading...

Dividends

Dividends

Loading...

Stock Price

Loading...
Market Cap: $483.56 Million

About Third Coast Bancshares, Inc.

Third Coast Bancshares, Inc. engages in operation of a bank holding company. The company is headquartered in Humble, Texas and currently employs 361 full-time employees. The company went IPO on 2021-11-09. The firm operates through its wholly owned subsidiary, the Bank, and the Bank’s wholly owned subsidiary, Third Coast Commercial Capital, Inc. The company focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The Banks deposits include checking accounts, money market accounts, savings accounts, a variety of certificates of deposit and individual retirement accounts. The company provides a range of banking services, such as retail and commercial online banking platforms, mobile banking apps, debit cards, credit cards, a suite of treasury management solutions, merchant card services and customer digital solutions. The Banks investment portfolio includes state and municipal securities, mortgage-backed securities, agency collateralized mortgage obligations, United States treasury bonds, and corporate bonds. The company conducts banking operations through 15 branches.

Industry: Savings Institutions, Not Federally Chartered Peers: Bankwell Financial Group, Inc. BayCom Corp BLUE RIDGE BANKSHARES, INC. COLONY BANKCORP INC First Western Financial Inc NORTHRIM BANCORP INC PARKE BANCORP, INC. PNC FINANCIAL SERVICES GROUP, INC. Southern States Bancshares, Inc.