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Third Coast Bancshares, Inc. Reports 2024 Fourth Quarter and Full Year Financial Results

1. TCBX's book value increased by 12.8% year-over-year. 2. Net income for Q4 2024 reached $13.7 million, up from Q3 2024.

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$33.3601/22 04:18 PM EDTEvent Start
$35.0801/23 10:57 PM EDTLatest Updated
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FAQ

Why Bullish?

The strong year-over-year growth in book value may indicate stability and attractiveness to investors, similar to prior surges seen in bank stocks after positive earnings reports.

How important is it?

Earnings growth and increasing book value are critical indicators for investment decisions in TCBX.

Why Short Term?

Positive results are likely to attract immediate investor interest, as seen with prior Q4 earnings boosts for similar stocks.

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TCBX
Year Over Year Book Value grew 12.8% and Tangible Book Value(1) grew 13.6% HOUSTON , Jan. 22, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 fourth quarter and full year financial results. 2024 Fourth Quarter Financial Highlights Net income totaled $13.7 million, or $0.92 and $0.79 per basic and diluted share, respectively, compared to $12.8 million, or $0.85 and $0.74 per basic and diluted share, respectively, for the third quarter of 2024.

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