secwatch.observer — SEC 8-K summary
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Issuer:     Third Coast Bancshares, Inc. (TCBX)
CIK:        0001781730
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0000950170-24-116658
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024116658/0000950170-24-116658-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1781730/000095017024116658/tcbx-20241023.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-116658

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