Third Coast Bancshares Inc (NASDAQ: TCBX) is a commercial banking company that originates loans and accepts deposits, operating through its bank subsidiary headquartered in Harris County, Texas. It makes money primarily on net interest income, the spread between interest earned on loans and investment securities and interest paid on deposits and borrowings, supplemented by noninterest income including gains on sales of SBA 7(a) loans. The bank holds SBA Preferred Lender status, allowing it to approve SBA loans without the standard SBA review process. Its loan portfolio is concentrated in commercial finance products, including asset-based lending and factored receivables, with factored receivables totaling $26.7 million, or 0.6% of loans, as of December 31, 2025. The bank employs a national wholesale deposit strategy using core, fiduciary, and institutional deposit programs alongside digital banking tools. Salaries and employee benefits were $77.2 million for the year ended December 31, 2025, with an average of 390 employees during that year. The filing references merger-related activity during the fourth quarter of 2025.
- Revenue model
- Net interest income on loans and investment securities, with supplemental noninterest income from SBA loan sale gains, service charges and fees, and earnings on bank-owned life insurance. The bank sells the guaranteed portion of SBA 7(a) loans in the secondary market, retaining credit risk on the unguaranteed portion.
- Products and services
- Commercial and industrial loans, asset-based loans, factored receivables, SBA 7(a) loans, owner-occupied and non-owner-occupied real estate loans, 1-4 family construction loans, checking and savings accounts, money market accounts, CDs, treasury management solutions, merchant card services, mobile and online banking platforms, debit and credit cards, and an investment portfolio consisting of U.S. government and agency securities, state and municipal securities, mortgage-backed securities, agency collateralized mortgage obligations, and corporate bonds (as of December 31, 2025).
- Customers and end markets
- Commercial borrowers, including businesses that lack the operating history, cash flows, or balance sheet to qualify for traditional bank financing. Institutional and fiduciary depositors served through the wholesale deposit strategy. End markets include small and mid-sized businesses, asset-based borrowers, and SBA-eligible companies.
- Value-chain role
- Direct lender and deposit-taking institution. Originates, underwrites, and monitors loans in-house through a dedicated credit department with underwriting, loan monitoring, special assets, and credit analytics functions. Sells the guaranteed portion of SBA 7(a) loans into the secondary market.
- Geographic exposure
- Headquartered in Harris County, Texas. National wholesale deposit strategy extends deposit-gathering beyond local geography.
- Competitors
- Silicon Valley Bank (referenced as failed peer), Signature Bank (referenced as failed peer), First Republic Bank (referenced as failed peer), Larger financial institutions (unnamed, cited as deposit competition)
