Third Coast Bancshares reports record EPS $0.70; Q2 net income $10.8M

Third Coast Bancshares, Inc.

2024-Q2 EPS reported $1.25

Net income $10.8M vs $10.4M in Q1; basic EPS $0.70 (record) and diluted $0.63.
Efficiency ratio improved to 61.39% from 64.11% in Q1.
Gross loans grew $12M to $3.76B; noninterest-bearing deposits up $40.5M (9.5%).
Book value per share $26.99, tangible book value $25.60; both up from Q1.
Opened two de novo branches in Austin and The Woodlands, Texas.

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