Stonegate Updates Coverage on Third Coast Bancshares, Inc. (NasdaqGS:TCBX) Q1 2025

DALLAS, TX -- April 25th, 2025 -- Third Coast Bancshares, Inc. (NasdaqGS:TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. For 1Q25, Third Coast reported net income of $13.6M, virtually flat from $13.7M in 4Q24. This was equal to a basic and diluted EPS of $0.90 and $0.78, respectively. The Q/Q stability was primarily attributed to higher net interest income, driven by steady loan growth and strong asset quality. However, this increase was partially offset by a slightly higher provision for credit losses and rising expenses related to salaries, employee benefits, and seasonal expenses. We anticipate that the Company will continue prioritizing operational efficiency by sustaining its 1% improvement initiative, though the securitization is expected to impact this. This strategy is expected to support Third Coast in the current macroeconomic landscape. 

To view the full announcement, including downloadable images, bios, and more, click here.

Click image above to view full announcement.

Source: Stonegate, Inc.

Distributed by: Reportable, Inc.

You May Also Be Interested In

• LithiumBank Announces Closing of Upsized Private Placement
• 24 Greenberg Traurig Attorneys, 11 Practices Recognized in 2027 Edition of Latin Lawyer 250
• Developing Seamless Apparel Successfully: A Briefing Perspective With Sino Finetex