Highest-materiality recent filing
Third Coast Bancshares sells TCCC assets to Gulf Coast Bank for ~$27.5M
Total consideration of ~$27.5M at closing; gain of $3.5M recorded.
Third Coast Bancshares Q1 net income $16.4M; completes Keystone merger adding $1B assets
Net income of $16.4M ($0.88 diluted EPS) vs. $13.6M ($0.78) in Q1 2025; merger-related costs cut $3.3M pre-tax.
Third Coast Bancshares closes Keystone merger; Keystone has $1.02B assets, $6.25M net income
Merger effective Feb 1, 2026; Keystone reported $1.02B assets, $807M loans at Dec 31, 2025.
Third Coast Bancshares completes Keystone merger, combined assets exceed $6B
Merger effective Feb 1, 2026; Keystone shareholders received ~2.6M TCBX shares and $20M cash.
Third Coast supplements proxy with projections for Keystone merger; denies shareholder claims
Received four demand letters alleging proxy omissions; denies violations but provides supplemental disclosures.
Third Coast Bancshares to acquire Keystone Bancshares for 0.45925 TCBX shares per Keystone share
Each Keystone share converts to 0.45925 TCBX shares; holders may elect cash subject to $20M aggregate cap.
Third Coast Bancshares to acquire Keystone Bancshares for ~$123M in stock/cash
Transaction valued at ~$123M; Keystone shareholders elect 0.45925 TCBX shares or cash equivalent.
Third Coast Bancshares authorizes $30M share repurchase program through May 2026
Board authorized repurchase of up to $30 million of common stock.
Third Coast Bancshares executes $150M CRE loan securitization sponsored by EJF Capital
$150M securitization of commercial real estate loans originated by Third Coast Bank, subsidiary of TCBX.
Third Coast Q1 net income rises 31% YoY to $13.6M; diluted EPS $0.78
Net income $13.6M ($0.78 diluted EPS) vs $10.4M ($0.61) in Q1 2024, up 31% and 28% respectively.
Third Coast Bancshares securitizes $200M CRE loan, reduces risk-weighted assets
Originated $200M revolving CRE loan secured by 11 master-planned communities in TX.
Third Coast Bancshares Q3 2024 net income $12.8M, diluted EPS $0.74 (record); loans up 3.5%
Net income $12.8M ($0.85 basic / $0.74 diluted EPS) vs $10.8M in Q2 2024.
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.
Third Coast Q1 net income $10.4M, EPS $0.61 diluted, records in assets and deposits
Net income $10.4M, diluted EPS $0.61 vs $9.7M/$0.57 in Q4 2023; record EPS.
Third Coast promotes Alexander to Chief Risk & Ops Officer, Eber to Chief Legal Officer
Vicki Alexander appointed Chief Risk & Operations Officer effective March 1, 2024.
Third Coast Bancshares Q4 net income $9.7M ($0.57/diluted); record assets $4.40B
Q4 2023 net income $9.7M ($0.57 per diluted share) vs Q3 $5.6M ($0.32), more than doubling.
Third Coast Bancshares COO resigns; declares $17.06/share preferred dividend
Michael Deckert resigned as EVP and COO of Third Coast Bancshares and its bank subsidiary, effective Sept 22, 2023.
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.
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.
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, 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.
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.
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.
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
Max materiality 0.85 · Median 0.40 · Most common event earnings