Third Coast Bancshares Q4 net income $9.7M ($0.57/diluted); record assets $4.40B

Third Coast Bancshares, Inc.

2023-FY EPS reported $1.98

Q4 2023 net income $9.7M ($0.57 per diluted share) vs Q3 $5.6M ($0.32), more than doubling.
Total assets $4.40B (+4.3% QoQ); gross loans $3.64B (+2.2%); deposits $3.80B (+4.3%).
Book value per share $25.41 (+3.4% QoQ); tangible book value $24.02 (+3.7%).
Full-year 2023: assets +16.5%, loans +17.1%, deposits +17.5% vs 2022; books value +9.0% YoY.
Record Q4 and full-year results driven by continued loan and deposit growth.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Third Coast Bancshares, Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 25, 2024, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.

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Third Coast Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-007484

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