secwatch.observer — SEC 8-K summary
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Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0000950170-24-007484
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024007484/0000950170-24-007484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024007484/tcbx-20240125.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-007484

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer