Third Coast Bancshares Completes Keystone Merger, Expands Texas Footprint

Third Coast Bancshares ( (TCBX) ) has provided an announcement.

On February 1, 2026, Third Coast Bancshares, Inc. completed its previously announced merger with Keystone Bancshares, Inc., folding Keystone and its subsidiary Keystone Bank into Third Coast’s corporate and bank structure in a multi-step transaction valued at approximately 2.6 million Third Coast shares and $20 million in cash. The deal, which lifted the combined company’s total assets to more than $6 billion, expands Third Coast Bank’s Texas footprint by adding Keystone’s three branches in Austin and Ballinger and a loan production office in Bastrop, while also integrating Keystone’s shareholders and equity award holders into Third Coast’s capital structure through a mix of stock and cash consideration. Governance and leadership were reshaped as the boards of both the holding company and the bank were enlarged to 16 members, with former Keystone chairman and CEO Jeff Wilkinson and director Clint Greenleaf joining the boards, and Wilkinson signing an employment agreement to serve as Chairman – Austin Market alongside a significant retention and incentive package. Former Keystone President Bryan St. George has taken on the role of President of Commercial Services at Third Coast Bank, underscoring the strategic emphasis on commercial banking as Third Coast begins integrating operations and preparing to migrate Keystone customers to its platform while maintaining service through existing Keystone channels in the interim.

The most recent analyst rating on (TCBX) stock is a Buy with a $46.00 price target. To see the full list of analyst forecasts on Third Coast Bancshares stock, see the TCBX Stock Forecast page.

Spark’s Take on TCBX Stock

According to Spark, TipRanks’ AI Analyst, TCBX is a Outperform.

Score is driven primarily by solid underlying financial performance (strong profitability and very low leverage) and a constructive technical uptrend. Supportive factors include reasonable valuation (P/E ~11) and an upbeat earnings-call outlook with specific 2026 growth and efficiency targets, partially offset by declining free-cash-flow growth and near-term merger/NIM variability.

To see Spark’s full report on TCBX stock, click here.

More about Third Coast Bancshares

Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, Third Coast Bank provides commercial and relationship banking services through 19 branches across the four largest metropolitan areas in Texas, targeting business clients and growing communities in key urban and suburban markets.

Average Trading Volume: 67,071

Technical Sentiment Signal: Buy

Current Market Cap: $563.6M

For a thorough assessment of TCBX stock, go to TipRanks’ Stock Analysis page.