Third Coast Q1 net income $10.4M, EPS $0.61 diluted, records in assets and deposits

Third Coast Bancshares, Inc.

2024-Q1 EPS reported $0.61

Net income $10.4M, diluted EPS $0.61 vs $9.7M/$0.57 in Q4 2023; record EPS.
Total assets $4.66B (+6% QoQ), gross loans $3.75B (+3%), deposits $4.05B (+6.5%).
Tangible book value per share $24.79, up from $24.02 at Dec 31, 2023.
Opened 17th branch in Austin, Texas in April 2024.

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 first quarter ended March 31, 2024.

Period: first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On April 24, 2024, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.

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Third Coast Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-047613

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