Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q1 2025
Dallas, Texas--(Newsfile Corp. - April 25, 2025) - Third Coast Bancshares, Inc. (NASDAQ: 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.
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About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
[email protected]
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249776
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