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Third Coast Bancshares Inc   (TCBX)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial


 

Third Coast Bancshares Inc

TCBX's Financial Statements and Analysis



Third Coast Bancshares Inc reported in the third quarter of 2023 net earnings per share of $0.32 a decrease by -34.69 % year on year from $0.49 and decline of -39.62 % from $0.53 earned in II. Quarter (Jun 30 2023).


third quarter of 2023
Earnings Per Share Revenues
$ 0.32 $  35 Mill
$-0.17     -34.69 % $+4M     +11.36 %



Third Coast Bancshares Inc 's Revenue rose by 11.36 % in third quarter of 2023 (Sep 30 2023) year on year, to $35 million and declined by -1.32 % sequentially.


Third Coast Bancshares Inc is Expected to report next financial results on March 14, 2024.

More on TCBX's Income Statement



Third Coast Bancshares Inc 's net income of $5.578 million in the third quarter of 2023 decreased by -17.61 % from net earnings of $6.770 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -37.26 % from net income of $8.891 million realized in previous quarter.

More on TCBX's Growth

Third Coast Bancshares Inc Inventories
TCBX's Cash flow In the third quarter of 2023 company's net cash flow was $19 million

More on TCBX's Cash flow Statement


Third Coast Bancshares Inc does not pay out common stock dividend.

In trailing twelve-month period Third Coast Bancshares Inc earned $ 2.02 cash per share, on a free-cash flow basis 116.7 % of net earning per share.


Tangible Book value fell to $ -1.39 per share from $ -1.32.

Company repurchased 0.81 million shares or 5.57 % in Sep 30 2023.
Interest Coverage Ratio was 1.37. Debt Coverage Ratio was 1.81.

More on TCBX's Dividends

 Market Capitalization (Millions) 271
 Shares Outstanding (Millions) 14
 Total Debt (Millions $) 81
 Revenue (TTM) (Millions $) 135
 Net Income (TTM) (Millions $) 31
 Cash Flow (TTM) (Millions $) -41
 Capital Exp. (TTM) (Millions $) -15
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -




Third Coast Bancshares Inc does not pay out common stock dividend.

In trailing twelve-month period Third Coast Bancshares Inc had $ 2.02 cash flow per share, on a free-cash flow basis 116.7 % of net earning per share.


Tangible Book value fell to $ -1.39 per share from $ -1.32.

Company repurchased 0.81 million shares or 5.57 % in Sep 30 2023.
Interest Coverage Ratio was 1.37. Debt Coverage Ratio was 1.81.

More on TCBX's Balance Sheets

 Market Capitalization (Millions) 271
 Shares Outstanding (Millions) 14
 Total Debt (Millions $) 81
 Revenue (TTM) (Millions $) 135
 Net Income (TTM) (Millions $) 31
 Cash Flow (TTM) (Millions $) -41
 Capital Exp. (TTM) (Millions $) -15
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ -
   


  News about Third Coast Bancshares Inc Earnings

Third Coast Bancshares Inc Faces Major Earnings Decline Despite Strong Revenue in Q3 2023



Third Coast Bancshares Inc, a banking institution, recently faced a notable contraction in its earnings per share (EPS) despite a considerable elevation in revenue for the financial period ending September 30, 2023. Although revenue experienced double-digit growth, net profit per share plummeted by -34.69% to a mere $0.32 per share. This decline in profitability raises concerns about the company's financial stability and long-term prospects.
EPS Deterioration:
In comparison to the previous reporting season, Third Coast Bancshares Inc witnessed a significant deterioration in its EPS. The earnings declined by -39.62% from $0.53 to $0.32 per share, indicating a diminishing ability to generate ...

Third Coast Bancshares Inc Achieves Record-Breaking Profit Jump of 231% in Q2 2023

Exciting Growth and Promising Outlook for Third Coast Bancshares Inc
Third Coast Bancshares Inc, a leading player in the financial sector, has announced impressive financial results for the period from April to June 30, 2023. The company's net profit per share registered a remarkable increase of 231.25%, reaching $0.53 per share compared to the previous year. This outstanding growth can be attributed to the company's expanding revenue, which surged by 36.337% to $34.98 million.
The preceding quarter also displayed strong performance for Third Coast Bancshares Inc, with revenue standing at $33.53 million and earnings at $0.55 per share. However, the latest financial time-frame has witnessed an unparal...

Regional Banks Company Witnesses Staggering 266.67% Profit Surge in Fiscal Year Ending March 31, 2023

Third Coast Bancshares Inc's First Quarter Results Fall Below Averag...


Date modified: 2023-11-08T18:07:23+00:00





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