Third Coast Bancshares, Inc. (TCBX)

Third Coast Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	297.68	295.26	248.91	146.43	98.89	80.79
Interest Income on Investments	32.57	33.1	17.63	7.52	1.73	1.45
Total Interest Income	330.25	328.36	266.54	153.95	100.62	82.24
Interest Paid on Deposits	157.28	159.75	115.04	30.7	8.53	12.3
Interest Paid on Borrowings	7.49	7.85	11.98	6.8	1.54	2.06
Total Interest Expense	164.77	167.6	127.02	37.49	10.06	14.36
Net Interest Income	165.48	160.76	139.53	116.45	90.55	67.88
Net Interest Income Growth (YoY)	14.30%	15.22%	19.81%	28.60%	33.40%	99.94%
Gain (Loss) on Sale of Investments	-0.39	-0	0.48	-	-	-
Other Non-Interest Income	11.74	10.6	7.28	6.27	4.29	2.42
Total Non-Interest Income	11.39	10.62	8.21	7.22	4.88	2.68
Non-Interest Income Growth (YoY)	31.68%	29.45%	13.59%	48.07%	81.88%	120.38%
Revenues Before Loan Losses	176.86	171.38	147.73	123.68	95.43	70.56
Provision for Loan Losses	4.59	5.7	6.32	12.2	9.92	7.55
Revenue	172.27	165.68	141.41	111.48	85.51	63.01
Revenue Growth (YoY)	17.40%	17.16%	26.85%	30.37%	35.70%	87.86%
Salaries and Employee Benefits	63.03	61.17	58.77	53.84	47.05	28.99
Occupancy Expenses	8.22	8.02	6.86	5.12	3.76	2.97
Selling, General & Administrative	21.67	21.82	23.54	19.43	14.04	10.51
Other Non-Interest Expense	12.65	12.42	9.97	8.94	3.87	3.57
Total Non-Interest Expense	106.52	104.33	99.8	88.31	71.03	47.4
EBT Excluding Unusual Items	65.75	61.35	41.61	23.17	14.48	15.61
Pretax Income	65.75	61.35	41.61	23.17	14.48	15.61
Income Tax Expense	14.86	13.68	8.21	4.51	3.06	3.5
Net Income	50.89	47.67	33.4	18.66	11.42	12.12
Preferred Dividends & Other Adjustments	4.75	4.75	4.74	1.42	-	-
Net Income to Common	46.14	42.92	28.67	17.24	11.42	12.12
Net Income Growth	47.41%	42.72%	79.01%	63.33%	-5.70%	408.82%
Basic Shares Outstanding	14	14	14	13	8	6
Diluted Shares Outstanding	17	17	17	14	8	6
Shares Change (YoY)	2.06%	1.52%	22.71%	69.00%	28.58%	60.68%
EPS (Basic)	3.37	3.14	2.11	1.28	1.45	1.94
EPS (Diluted)	2.95	2.78	1.98	1.25	1.40	1.91
EPS Growth	44.43%	40.59%	58.32%	-10.71%	-26.70%	218.33%
Effective Tax Rate	22.60%	22.30%	19.73%	19.46%	21.12%	22.39%

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q