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Third Coast Bancshares, Inc. (TCBX)

NYSE Financial Services Banks - Regional
$45.50 ▲ +1.31%
Market Cap
$641.6M
Sector
Financial Services
Industry
Banks - Regional
Beta
0.64
52-Wk Range
35.73-45.575
CEO
Bart O. Caraway
Country
US
Currency
USD

Third Coast Bancshares, Inc. operates in the Banks - Regional industry of the Financial Services sector, headquartered in Humble, TX, US. The stock last traded at $45.50, up 1.31% on the session, giving a market capitalisation of $641.6M. On trailing twelve-month figures it carries a trailing P/E of 9.66, a net margin of 21.6%. Its beta of 0.64 implies it has historically moved less than the broad market.

Valuation & profitability (TTM)
P/E
9.66
Price / Sales
1.86
Price / Book
0.94
EV / EBITDA
7.69
Gross margin
49.8%
Operating margin
13.5%
Net margin
21.6%
Return on equity
Debt / equity
0.21
Current ratio
0.18
Dividend yield
0.0%
Payout ratio
6.4%
Company profile
Exchange
New York Stock Exchange
Employees
477
IPO date
2021-11-09
Headquarters
Humble, TX, US
About Third Coast Bancshares, Inc.

Third Coast Bancshares, Inc. serves as the parent company for Third Coast Bank, SSB, a financial institution primarily focused on delivering a broad spectrum of commercial banking solutions to small and medium-sized businesses, as well as individual professionals. The bank's offerings include a comprehensive range of deposit accounts, such as checking, savings, individual retirement accounts (IRAs), money market accounts, and certificates of deposit (CDs). For its lending services, it provides commercial and industrial (C&I) loans, which encompass financing for equipment, working capital, vehicle fleets, and various other commercial needs. Beyond these core services, Third Coast also offers treasury management, both consumer and commercial online banking platforms, mobile applications, secure safe deposit boxes, wire transfer capabilities, and debit cards. Geographically, the bank operates a total of twelve branches: eleven are strategically located across the major Texas metropolitan areas of Greater Houston, Dallas-Fort Worth, and Austin-San Antonio, with an additional branch situated in Detroit, Texas. The company was founded in 2008 and has its principal office in Humble, Texas.

Comparable companies

Third Coast Bancshares, Inc. is most often compared with the following Financial Services names:

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