Business
Third Coast Bancshares, Inc. Reports 2025 First Quarter Financial Results
Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank (the "Bank"), today reported its 2025 first quarter financial results.
About this update from Third Coast Bancshares, Inc.
[{"type":"text","content":"Year-over-Year Net Income Improved 31% and Diluted EPS increased 28% ","length":68,"tagName":"p","attribs":{}},{"type":"text","content":"Net Interest Margin Expands to 3.80% and Book Value Per Share Increases","length":71,"tagName":"p","attribs":{}},{"type":"text","content":"HOUSTON, April 23, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank (the "Bank"), today reported its 2025 first quarter financial results.","length":324,"tagName":"p"},{"type":"text","content":"Year to Date Financial Highlights","length":33,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Return on average assets of 1.17% annualized for the first quarter of 2025 compared to 1.13% annualized for the fourth quarter of 2024 and 0.95% annualized for the first quarter of 2024.","length":186,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest margin of 3.80% for the first quarter of 2025 compared to 3.71% for the fourth quarter of 2024 and 3.60% for the first quarter of 2024.","length":148,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income for the first quarter of 2025 totaled $13.6 million, or $0.90 and $0.78 per basic and diluted share, respectively, compared to $13.7 million, or $0.92 and $0.79 per basic and diluted share, respectively, for the fourth quarter of 2024.","length":246,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross loans grew to $3.99 billion as of March 31, 2025, from $3.97 billion reported as of December 31, 2024.","length":108,"tagName":"p"}]},{"val":[{"type":"text","content":"Book value per share and tangible book value per share(1) increased to $29.92 and $28.56, respectively, as of March 31, 2025, compared to $28.65 and $27.29, respectively, as of December 31, 2024 and $26.18 and $24.79, respectively, as of March 31, 2024.","length":253,"tagName":"p"}]},{"val":[{"type":"text","content":"On April 1, 2025, the Bank completed a $200 million commercial real estate loan securitization, reducing our risk-weighted assets and improving risk-weighted capital ratios. The transactions also strengthened our financial position by reducing construction and land development loan concentrations and mitigating credit ris...