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Third Coast Bancshares (TCBX)
NASDAQ:TCBX
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.68Last Year’s EPS
0.57Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 28, 2022
|% Change Since: 19.62%
|Next Earnings Date:Jan 27, 2022
Earnings Call Sentiment|Positive
The earnings call presented a strong performance for the quarter, highlighted by record-setting earnings, significant loan growth, and improved asset quality. Despite some challenges such as high cost of funds and a loss on the sale of securities, the overall outlook remains positive with continuous efforts in improving operational efficiency and strategic focus.Company Guidance
During Third Coast Bancshares' Q3 2024 earnings call, the company reported several key financial metrics and provided guidance for future quarters. The quarter was marked by a record-setting performance with diluted earnings per share reaching $0.74. The bank achieved a net loan growth of $131 million and a return on assets of 1.14%, while improving its efficiency ratio to 59.57% and return on equity to over 12%. Net recoveries stood at $57,000 with the bank on track to keep charge-offs under 10 basis points annually. The net interest margin improved by 11 basis points, contributing to 13 consecutive quarters of net interest income growth. Looking ahead, Third Coast Bancshares aims for loan growth between $50 million to $100 million per quarter, while maintaining strong credit quality and leveraging a robust Texas market for continued growth.Record-Setting Earnings
Achieved a record-setting earnings quarter with diluted earnings per share reaching $0.74.
Strong Loan Growth
Loan production was strong with $131 million in net loan growth over the prior quarter, primarily in the commercial category which grew $137.9 million.
Improved Asset Quality
Credit quality trends improved, with net recoveries of $57,000 compared to net charge-offs of $1.8 million in the previous quarter.
Efficiency Improvements
Return on assets improved to 1.14% and the efficiency ratio decreased to 59.57%, with a return on equity of better than 12%.
13 Consecutive Quarters of Net Interest Income Growth
The bank achieved 13 consecutive quarters of net interest income growth.
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TCBX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TCBX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $27.67 | $29.27 | +5.78% |
| Jul 24, 2024 | $24.64 | $25.08 | +1.79% |
| Apr 24, 2024 | $19.73 | $19.51 | -1.12% |
| Jan 25, 2024 | $19.12 | $19.78 | +3.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Third Coast Bancshares (TCBX) report earnings?
Third Coast Bancshares (TCBX) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Third Coast Bancshares (TCBX) earnings time?
Third Coast Bancshares (TCBX) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TCBX EPS forecast?
TCBX EPS forecast for the fiscal quarter 2024 (Q4) is 0.68.
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