secwatch / observer

Third Coast Bancshares, Inc. — fact timeline

Source-grounded facts extracted from Third Coast Bancshares, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

TCBX Third Coast Bancshares, Inc. JSON
Shareholder Votes

Third Coast Bancshares, Inc. shareholders approved Ratification of Whitley Penn LLP as independent registered public accounting firm at the 2026-05-21 meeting.

“The shareholders of the Company ratified the appointment of Whitley Penn LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 by the votes set forth in the table below: For Against Abstain Broker Non-Vote 11,859,647 29,563 45,052 —”
Shareholder Votes

Third Coast Bancshares, Inc. shareholders approved Approval of the Restated Plan at the 2026-05-21 meeting.

“The shareholders of the Company approved the Restated Plan by the votes set forth in the table below: For Against Abstain Broker Non-Vote 9,639,839 532,053 37,550 1,724,820”
Shareholder Votes

Third Coast Bancshares, Inc. shareholders approved Election of Class A and Class C Directors at the 2026-05-21 meeting.

“The shareholders of the Company elected the individuals listed below to serve on the Company’s board of directors in the classes indicated below, with the Class A directors serving until the Company’s 2029 annual meeting of shareholders, the Class C director serving until the Company’s 2028 annual meeting of shareholders, and each until their respective successor or successors are duly elected and qualified or until their earlier resignation or removal, by the votes set forth in the table below: For Against Abstain Broker Non-Vote Class A Directors Bart O. Caraway 6,752,912 3,428,330 28,200 1,724,820 Clint Greenleaf 10,105,813 77,273 26,356 1,724,820 Tony Scavuzzo 7,393,715 2,788,029 27,698 1,724,820 Mary Stich 6,611,160 3,570,082 28,200 1,724,820 Class C Director Jeffrey A. Wilkinson 10,029,555 136,185 43,702 1,724,820”
Debt Financings

Third Coast Bancshares, Inc. amended loan of $70,000,000 maximum commitment, with $54,875,000 outstanding borrowings as of March 10, 2026 with American National Bank & Trust at Not provided maturing March 10, 2028.

“Effective March 10, 2026 (the “Effective Date”), Third Coast Bancshares, Inc. (the “Company”) entered into a Renewal, Extension and Modification of Loan (the “Amendment”) of the Loan Agreement, dated March 10, 2021, by and between the Company and American National Bank & Trust (the “Loan Agreement”).”
Material Agreements

Third Coast Bancshares, Inc. amended Renewal, Extension and Modification of Loan with American National Bank & Trust valued at $70,000,000 (effective 2026-03-10).

“Third Coast Bancshares, Inc. (the “Company”) entered into a Renewal, Extension and Modification of Loan (the “Amendment”) of the Loan Agreement, dated March 10, 2021, by and between the Company and American National Bank & Trust (the “Loan Agreement”).”
Earnings Releases

Third Coast Bancshares, Inc. reported the quarter ended March 31, 2026 results: net income $16.4 million, EPS $1.03 and $0.88 per basic and diluted share, respectively.

“3.67% for the first quarter of 2026 compared to 4.10% for the fourth quarter of 2025 and 3.80% for the first quarter of 2025. • Net income for the first quarter of 2026 totaled $16.4 million, or $1.03 and $0.88 per basic and diluted share, respectively, compared to $17.9 million, or $1.21 and $1.02 per basic and diluted share, respectively, for the fourth quarter of”
M&A Transactions

Third Coast Bancshares, Inc. completed an acquisition involving Keystone Bancshares, Inc. for approximately 2.6 million shares of Third Coast common stock and $20 million in cash (closed 2026-02-01).

“of the Merger Agreement, a copy of which is filed as Exhibit 2.1 and incorporated herein by reference. The total aggregate consideration payable in the Merger was approximately 2.6 million shares of Third Coast common stock and $20 million in cash. The issuance of shares of Third Coast common stock in connection with the Merger was registered under the Securities”
Earnings Releases

Third Coast Bancshares, Inc. reported financial results for first quarter ended March 31, 2024.

“On April 24, 2024, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2024.”
Debt Financings

Third Coast Bancshares, Inc. amended credit facility of $55,000,000 with American National Bank & Trust at U.S. "Prime Rate" reported by The Wall Street Journal, less six hundred twenty-f maturing March 10, 2026.

“The Amendment, among other things, (i) extends the maturity date of the loan under the Loan Agreement from September 10, 2024 to March 10, 2026; (ii) increases the maximum commitment under the Loan Agreement from $50,000,000 to $55,000,000; (iii) amends the interest rate provision to provide that the interest rate per annum under the Loan Agreement shall be equal to the U.S. “Prime Rate” reported by The Wall Street Journal, less six hundred twenty-five thousandths percent (0.625%), subject a floor rate of five percent (5.00%); and (iv) modifies certain covenants under the Loan Agreement.”
Material Agreements

Third Coast Bancshares, Inc. amended Renewal, Extension and Modification of Loan with American National Bank & Trust valued at increases the maximum commitment under the Loan Agreement from $50,000,000 to $55,000,000 (effective 2024-03-12).

“Effective March 12, 2024 (the “Effective Date”), Third Coast Bancshares, Inc. (the “Company”) entered into a Renewal, Extension and Modification of Loan (the “Amendment”) of the Loan Agreement, dated March 10, 2021, by and between the Company and American National Bank & Trust (the “Loan Agreement”).”

Vicki Alexander was appointed as Executive Vice President and Chief Risk and Operations Officer at Third Coast Bancshares, Inc..

“On March 1, 2024, the Board of Directors (the “Board”) of Third Coast Bancshares, Inc. (the “Company”) appointed Vicki Alexander as Executive Vice President and Chief Risk and Operations Officer of the Company.”
Earnings Releases

Third Coast Bancshares, Inc. reported financial results for the quarter and year ended December 31, 2023.

“On January 25, 2024, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2023.”
Earnings Releases

Third Coast Bancshares, Inc. reported financial results for third quarter ended September 30, 2023.

“On October 25, 2023, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2023.”

Michael Deckert resigned as Executive Vice President and Chief Operating Officer at Third Coast Bancshares, Inc..

“On September 25, 2023, Third Coast Bancshares, Inc. (the “Company”) announced that Michael Deckert resigned as Executive Vice President and Chief Operating Officer of the Company and Third Coast Bank, SSB (the “Bank”), the Company’s wholly owned subsidiary, effective September 22, 2023.”
Earnings Releases

Third Coast Bancshares, Inc. reported financial results for the second quarter ended June 30, 2023.

“On July 26, 2023, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the second quarter ended June 30, 2023.”

David Phelps was appointed as Director at Third Coast Bancshares, Inc..

“On July 20, 2023, the Board of Directors (the “Board”) of the Company appointed Mr. David Phelps to serve on the Board, effective immediately.”

Norma J. Galloway departed as Director at Third Coast Bancshares, Inc..

“Norma J. Galloway, a Director of the Company since 2019 and a former executive officer of the Company’s subsidiary, Third Coast Bank, SSB, passed away unexpectedly on July 7, 2023.”
Governance Changes

Third Coast Bancshares, Inc.: Shareholders approved amendment and restatement of Article VI of the certificate of formation to authorize a new class of non-voting common stock (effective 2023-05-25).

“On May 25, 2023, at the Annual Meeting of Shareholders (the “Annual Meeting”) of Third Coast Bancshares, Inc. (the “Company”), the Company’s shareholders approved the amendment and restatement (the “Amendment”) of Article VI of the Company’s first amended and restated certificate of formation to authorize a new class of non-voting common stock, par value $1.00 per share (“Non-Voting Common Stock”).”
Shareholder Votes

Third Coast Bancshares, Inc. shareholders approved Approval, for purposes of Nasdaq Listing Rule 5635(d), of the issuance of shares of Common Stock upon conversion of Series A Convertible Non-Cumulative Preferred Stock, Series B Convertible Perpetual Preferred Stock, or Non-Voting Common Stock, or upon exercise of warrants at the 2023-05-25 meeting.

“4. The shareholders of the Company approved, for purposes of Nasdaq Listing Rule 5635(d), the issuance of shares of the Company’s common stock, par value $1.00 per share (“Common Stock”), upon the conversion of the Company’s Series A Convertible Non-Cumulative Preferred Stock, par value $1.00 per share, the Company’s Series B Convertible Perpetual Preferred Stock, par value $1.00 per share (“Series B Preferred Stock”), or, if Proposal 3 is approved at the annual meeting, Non-Voting Common Stock, or upon exercise of warrants to purchase an aggregate of 175,000 shares of common stock (or, at the election of the warrant holder in accordance with the terms of the warrant agreement, Series B Preferred Stock, or, if Proposal 3 is approved at the annual meeting, Non-Voting Common Stock) at an exercise price equal to $22.50 per share. For Against Abstain Broker Non-Vote 7,663,107 1,840,994 49,041 1,271,233”
Shareholder Votes

Third Coast Bancshares, Inc. shareholders approved Approval of the amendment and restatement of Article VI of the Company’s first amended and restated certificate of formation to authorize a new class of Non-Voting Common Stock at the 2023-05-25 meeting.

“3. The shareholders of the Company approved the amendment and restatement of Article VI of the Company’s first amended and restated certificate of formation to authorize a new class of Non-Voting Common Stock by the votes set forth in the table below: For Against Abstain Broker Non-Vote 7,791,153 1,708,916 53,073 1,271,233”
Shareholder Votes

Third Coast Bancshares, Inc. shareholders approved Ratification of the appointment of Whitley Penn LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-05-25 meeting.

“2. The shareholders of the Company ratified the appointment of Whitley Penn LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2023 by the votes set forth in the table below: For Against Abstain Broker Non-Vote 8,824,456 1,995,420 4,499 —”
Shareholder Votes

Third Coast Bancshares, Inc. shareholders approved Election of Class A directors to serve until the Company's 2026 annual meeting at the 2023-05-25 meeting.

“1. The shareholders of the Company elected the individuals listed below to serve on the Company’s board of directors as Class A directors until the Company’s 2026 annual meeting of shareholders and until their respective successor or successors are duly elected and qualified or until their earlier resignation or removal by the votes set forth in the table below: For Against Abstain Broker Non-Vote W. Donald Brunson 5,632,822 3,337,300 583,020 1,271,233 Bart O. Caraway 6,111,912 2,860,710 580,520 1,271,233 Shelton J. McDonald 6,882,934 2,079,712 590,496 1,271,233 Tony Scavuzzo 7,745,579 1,799,864 7,699 1,271,233”
Earnings Releases

Third Coast Bancshares, Inc. reported financial results for the first quarter ended March 31, 2023.

“On April 26, 2023, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2023.”

Michael Deckert was appointed as Executive Vice President and Chief Operating Officer at Third Coast Bancshares, Inc..

“On February 16, 2023, the Board of Directors (the “Board”) of Third Coast Bancshares, Inc. (the “Company”) appointed Michael Deckert as Executive Vice President and Chief Operating Officer of the Company.”
Earnings Releases

Third Coast Bancshares, Inc. reported financial results for the quarter and year ended December 31, 2022.

“On January 26, 2023, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its 2022 fourth quarter and full year financial results for the quarter and year ended December 31, 2022.”
Earnings Releases

Third Coast Bancshares, Inc. reported financial results for third quarter ended September 30, 2022.

“On October 26, 2022, Third Coast Bancshares, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter ended September 30, 2022.”

Tony Scavuzzo was appointed as Director at Third Coast Bancshares, Inc..

“On October 20, 2022, the Board of Directors (the “Board”) of Third Coast Bancshares, Inc. (the “Company”) appointed Tony Scavuzzo as a director of the Company effective October 20, 2022.”

Donald Legato resigned as Senior Executive Vice President and Chief Lending Officer at Third Coast Bancshares, Inc..

“On June 30, 2022, Donald Legato notified Third Coast Bancshares, Inc. (the “Company”) and Third Coast Bank, SSB, a Texas state savings bank and wholly owned subsidiary of the Company (the “Bank”) that Mr. Legato was resigning as Senior Executive Vice President and Chief Lending Officer of the Bank and any other capacity held at the Company or the Bank effective as of June 30, 2022”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.