Third Coast Bancshares Q3 2024 net income $12.8M, diluted EPS $0.74 (record); loans up 3.5%

Third Coast Bancshares, Inc.

2024-Q3 EPS reported $1.99

Net income $12.8M ($0.85 basic / $0.74 diluted EPS) vs $10.8M in Q2 2024.
ROAA improved to 1.14% annualized; efficiency ratio fell to 59.57% from 61.39%.
Gross loans grew $131.7M to $3.89B; noninterest-bearing deposits up $25.3M to $489.8M.
Book value per share $28.13, tangible book value $26.75, both increased sequentially.
Opened de novo 19th branch in Houston, Texas.

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