Third Coast Bancshares, Inc. logo TCBX - Third Coast Bancshares, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY 0
BUY 3
HOLD 2
SELL 0
STRONG
SELL 0
| PRICE TARGET: $45.00 DETAILS
HIGH: $45.00
LOW: $45.00
MEDIAN: $45.00
CONSENSUS: $45.00
UPSIDE: 18.17%
Annual Quarterly
Metric 2025 2024 2023 2022 2021 2020 2019
Revenue
Revenue 366.9 338.1 274.1 160.2 103.2 83.6 50.3
Cost of Revenue 164.2 173.3 133.3 49.7 20.0 21.9 17.6
Gross Profit 202.8 164.8 140.7 110.5 83.2 61.6 32.7
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0
SG&A Expenses 79.3 66.8 64.8 58.4 50.5 30.6 20.7
Other Expenses 38.5 36.6 34.3 28.9 18.2 15.4 8.8
Operating Expenses 117.8 103.4 99.1 87.3 68.7 46.0 29.5
Operating Income
Operating Income 85.0 61.4 41.6 23.2 14.5 15.6 3.2
Interest Expense 158.8 167.6 127.0 37.5 10.1 14.4 16.0
Interest Income 354.0 328.4 266.5 153.9 100.6 82.2 49.9
Profitability
EBITDA 90.0 66.0 45.6 25.7 14.2 15.7 4.1
EBIT 85.0 61.4 41.6 23.2 14.5 15.6 3.2
Income Before Tax 82.7 61.4 41.6 23.2 14.5 15.6 3.2
Income Tax Expense 16.5 13.7 8.2 4.5 3.1 3.5 0.9
Net Income 66.3 47.7 33.4 18.7 11.4 12.1 2.4
Per Share Data
EPS (Basic) 4.45 3.14 2.11 1.28 1.45 1.94 0.34
EPS (Diluted) 3.79 2.78 1.98 1.25 1.40 1.91 0.33
Shares Outstanding 13.8 13.7 13.6 13.5 7.9 6.2 6.9
Metric 2025 2024 2023 2022 2021 2020 2019
Current Assets
Cash & Cash Equivalents 175.5 371.5 296.9 329.9 326.9 201.4 95.8
Short-Term Investments 223.9 384.0 178.1 176.1 26.4 25.6 0.5
Net Receivables 29.2 25.8 23.1 18.3 10.2 13.7 3.3
Inventory 0 0 0 0 0 0 0
Other Current Assets 0 0 0 0 0 0 0
Total Current Assets 428.6 781.4 498.1 524.3 363.5 240.7 99.6
Non-Current Assets
Property, Plant & Equipment 41.9 46.1 50.0 46.5 19.0 15.2 7.7
Goodwill 18.7 18.8 18.0 18.0 18.0 18.0 0
Intangible Assets 0 0 1.0 1.1 1.3 1.5 0
Long-Term Investments 4,704.6 3,932.6 3,610.6 3,086.4 2,049.8 1,546.5 800.5
Other Non-Current Assets 140.5 152.1 209.1 90.5 43.6 41.5 19.2
Total Non-Current Assets 4,912.1 4,161.1 3,897.9 3,248.9 2,135.9 1,626.6 828.7
Total Assets 5,340.8 4,942.4 4,396.1 3,773.1 2,499.4 1,867.3 928.3
Current Liabilities
Account Payables 6.0 6.3 4.8 2.5 0.4 1.2 1.7
Short-Term Debt 37.9 30.9 38.9 30.9 1 0 0
Deferred Revenue 0 0 0 0 0 0 0
Other Current Liabilities 4,626.9 4,310.5 3,803.1 3,236.1 2,141.2 1,633.8 807.3
Total Current Liabilities 4,670.7 4,347.7 3,846.8 3,269.6 2,142.6 1,635.0 809.0
Non-Current Liabilities
Long-Term Debt 81.0 80.8 80.6 80.3 0 33.9 30.4
Deferred Tax Liabilities 0 0 0 0 0 0 0
Other Non-Current Liabilities 39.9 32.4 34.5 23.2 57.8 76.7 31.7
Total Non-Current Liabilities 139.0 134.1 137.3 121.8 57.8 110.5 62.0
Total Liabilities 4,809.7 4,481.7 3,984.1 3,391.4 2,200.4 1,745.6 871.0
Stockholders' Equity
Common Stock 14.0 13.8 13.7 13.6 13.5 6.3 3.9
Retained Earnings 183.2 121.7 78.8 53.3 36.0 24.6 12.5
Accumulated Other Comprehensive Income 10.9 4.5 0.9 (2.1) 1.4 0.3 0.0
Total Stockholders' Equity 531.0 460.7 412.0 381.8 299.0 121.7 57.3
Total Liabilities & Equity 5,340.8 4,942.4 4,396.1 3,773.1 2,499.4 1,867.3 928.3
Debt Metrics
Total Debt 137.0 132.5 141.7 129.4 1 33.9 30.4
Net Debt (38.5) (239.0) (155.2) (200.4) (325.9) (167.5) (65.5)
Metric 2025 2024 2023 2022 2021 2020 2019
Operating Activities
Net Income 66.3 47.7 33.4 18.7 11.4 12.1 2.4
Depreciation & Amortization 0.2 4.6 3.9 2.6 (0.3) 0.1 0.9
Stock-Based Compensation 1.6 1.7 1.6 1.3 0.7 0.3 0.2
Change in Working Capital (8.3) (7.1) 5.2 (5.2) 1.1 (10.0) (0.9)
Other Non-Cash Items (12.3) (8.5) (2.2) 5.7 (7.9) (4.4) 1.4
Operating Cash Flow 50.8 35.1 39.1 21.8 4.6 (3.7) 3.6
Investing Activities
Capital Expenditure (2.7) (1.8) (3.4) (12.2) (5.6) (1.4) (3.0)
Acquisitions 0 0 0 0 0 16.1 0
Purchases of Investments (192.5) (4,278.2) (3,118.0) (2,167.1) (2,000.1) (1,924.7) (598.6)
Sales/Maturities of Investments 0.6 4,081.6 3,122.5 2,005.2 1,997.9 1,902.6 600.3
Other Investing Activities (418.3) (322.6) (530.6) (1,065.4) (492.3) (492.6) (120.4)
Investing Cash Flow (610.2) (520.9) (529.5) (1,239.5) (500.1) (500.0) (121.7)
Financing Activities
Net Debt Issuance 7 (8) 8 60.1 (52.9) 43.5 6.5
Stock Repurchased 0 0 0 0 (0.1) (0.0) (0.5)
Dividends Paid (4.8) (4.7) (4.7) (0.2) 0 0 0
Other Financing Activities 316.4 507.2 567.0 1,096.7 509.4 567.7 73.3
Financing Cash Flow 319.4 495.1 570.3 1,222.7 618.9 611.2 79.3
Cash Position
Net Change in Cash (240.0) 9.4 79.8 5.0 123.5 107.5 (38.8)
Cash at Beginning 421.2 411.8 332.0 327.0 203.6 96.1 134.9
Cash at End 181.2 421.2 411.8 332.0 327.0 203.6 96.1
Free Cash Flow 48.2 33.4 35.6 9.6 (1.0) (5.0) 0.6
Key Metrics 2025 2024 2023 2022 2021 2020 2019
Income Statement
Revenue 366.9 338.1 274.1 160.2 103.2 83.6 50.3
Gross Profit 202.8 164.8 140.7 110.5 83.2 61.6 32.7
Operating Income 85.0 61.4 41.6 23.2 14.5 15.6 3.2
Net Income 66.3 47.7 33.4 18.7 11.4 12.1 2.4
EPS (Diluted) 3.79 2.78 1.98 1.25 1.40 1.91 0.33
Balance Sheet
Cash & Equivalents 175.5 371.5 296.9 329.9 326.9 201.4 95.8
Total Assets 5,340.8 4,942.4 4,396.1 3,773.1 2,499.4 1,867.3 928.3
Total Debt 137.0 132.5 141.7 129.4 1 33.9 30.4
Stockholders' Equity 531.0 460.7 412.0 381.8 299.0 121.7 57.3
Cash Flow
Operating Cash Flow 50.8 35.1 39.1 21.8 4.6 (3.7) 3.6
Capital Expenditure (2.7) (1.8) (3.4) (12.2) (5.6) (1.4) (3.0)
Free Cash Flow 48.2 33.4 35.6 9.6 (1.0) (5.0) 0.6