secwatch.observer — SEC 8-K summary
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Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000950170-24-047613
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024047613/0000950170-24-047613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024047613/tcbx-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-047613

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