secwatch.observer — SEC 8-K summary
======================================

Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000950170-24-086069
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024086069/0000950170-24-086069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024086069/tcbx-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-086069

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