Third Coast Q1 Net Interest Margin Falls to 3.67%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Q1 net interest margin was 3.67% vs. 4.10% for 4Q25 and 3.80% last year. Tangible book value per common share was $31.97 vs. $32.12 at previous quarter end. Q1 NII totaled $53.6M, up 2.8% from $52.2M in the previous quarter and up 25.3% from $42.8M last year. "Our Q1 marked an important step for Third Coast with the successful merger with Keystone. This transaction meaningfully increased our balance sheet and capabilities, and we're already seeing strong momentum across our loan pipelines and core markets. As we move through the year, we remain focused on executing on our strategic objectives, building deeper relationships with clients, and translating our expanded platform into sustainable growth and shareholder value," said CEO Bart Caraway.
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Analyst Views on TCBX
Wall Street analysts forecast TCBX stock price to rise
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 40.420
Low
43.00
Averages
44.50
High
46.00
Current: 40.420
Low
43.00
Averages
44.50
High
46.00
About TCBX
Third Coast Bancshares, Inc. is a commercially focused 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. It is engaged in traditional community banking activities, which include commercial and retail lending, deposit gathering, and investment and liquidity management activities. Its primary deposit products are demand deposits, money market accounts and certificates of deposit. Its primary lending products are commercial business and real estate, residential construction, real estate mortgage and consumer loans. The Company operates approximately 22 banking locations across various cities, including Austin, Ballinger, Beaumont, Conroe, Dallas, Detroit, Fort Worth, Georgetown, Houston, Humble, Kingwood, La Vernia, Lake Jackson, Nixon, Pearland, Plano, Port Arthur, San Antonio, and The Woodlands, Texas. It also operates a loan production office in Bastrop, Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Third Coast Bancshares Continues Share Repurchase Program
- Repurchase Program Continuation: Third Coast Bancshares' Board of Directors has approved the continuation of its share repurchase program, allowing the company to buy back up to $30 million of common stock by June 30, 2027, thereby enhancing market confidence and potentially increasing shareholder value.
- Flexible Repurchase Methods: The program permits share buybacks through open market transactions, privately negotiated deals, block trades, and other compliant methods, demonstrating the company's flexibility and adaptability in capital management to respond to market changes.
- Regulatory Notification: The company has notified the Federal Reserve Bank of Dallas about the continuation of the repurchase program, ensuring compliance and enhancing transparency, which further solidifies investor trust in the company.
- Market Condition Considerations: The specifics of each repurchase will be determined based on various factors including the company's capital status, liquidity, financial performance, and overall market conditions, reflecting a prudent approach to capital management aimed at optimizing shareholder returns.
See More
Third Coast Bancshares to Report Q2 2026 Financial Results
- Earnings Report Schedule: Third Coast Bancshares plans to release its Q2 2026 financial results on July 22, 2026, after market close, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: Management has scheduled a conference call for July 23, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss the financial results in depth, aiming to bolster market confidence.
- Live Streaming Options: Investors can participate in the call by dialing 201-389-0869 or via the company’s website, ensuring broad investor engagement and effective information dissemination.
- Replay Availability: For those unable to attend the live call, a replay will be accessible until July 30, 2026, further reflecting the company's commitment to investor relations and information transparency.
See More
Third Coast Bancshares Declares Quarterly Dividend
- Quarterly Dividend Announcement: Third Coast Bancshares (TCBX) declares a quarterly dividend of $17.0625 per share for its Series A Preferred Stock, payable on July 15, reflecting the company's ongoing commitment to maintaining stable cash flows and enhancing investor confidence.
- Record Date for Shareholders: The dividend will be paid to shareholders of record as of June 30, with the stock going ex-dividend on the same day, demonstrating the company's focus on shareholder returns and timely profit distribution.
- Loan Growth Target: Third Coast Bancshares outlines a quarterly loan growth target of $75 million to $125 million, anticipating a net interest margin of approximately 3.75% post-Keystone integration, which is expected to drive future profitability and competitive positioning in the market.
- Earnings Report Performance: In its latest earnings report, Third Coast Bancshares reported a GAAP EPS of $0.88, beating expectations by $0.12, although revenue of $57.6 million fell short by $0.4 million, indicating positive earnings performance but highlighting the need for attention on revenue growth.
See More
Third Coast Bancshares Reports Significant Q1 Growth Driven by Keystone Acquisition
- Asset and Deposit Growth: Third Coast Bancshares reported a 23.2% increase in assets, a 19.5% rise in loans, and a 23.5% growth in deposits for Q1 2026, indicating a significant expansion in market share in Central Texas following the acquisition of Keystone Bancshares, which has driven robust overall business growth.
- Merger Impact: CFO John McWhorter highlighted that the Keystone transaction significantly influenced quarter-over-quarter financial results, contributing approximately 20% to both loans and deposits, while also incurring $3.3 million in merger-related noninterest expenses, reflecting the cost pressures during the integration process.
- Profitability Outlook: Management anticipates that the net interest margin will normalize to about 3.75%, down from 3.90% in the previous quarter, reflecting integration challenges and credit actions, although loan growth targets have been raised to a range of $75 million to $125 million per quarter.
- Expense Control and Integration: McWhorter indicated that most cost savings from the merger are expected to materialize in the third and fourth quarters, emphasizing that effective expense management during the integration process will positively impact future profitability and ensure the bank's competitiveness in the market.
See More
Third Coast (TCBX) Q1 2026 Earnings Transcript
See More
Third Coast Bancshares Q1 Earnings Beat Expectations
- Earnings Beat: Third Coast Bancshares reported a Q1 GAAP EPS of $0.88, exceeding expectations by $0.12, indicating stable profitability and increased market confidence.
- Revenue Miss: Despite a 25.5% year-over-year revenue growth to $57.6 million, the figure fell short of expectations by $0.4 million, reflecting challenges in the post-merger integration process that may impact future revenue growth potential.
- Significant Loan Growth: As of March 31, 2026, total loans reached $5.25 billion, up from $4.39 billion reported on December 31, 2025, demonstrating the company's success in market expansion and customer acquisition.
- Deteriorating Efficiency Ratio: The efficiency ratio for Q1 stood at 66.06%, up from 57.90% in Q4 2025 and 61.23% in Q1 2025, indicating pressure on cost control that could affect future profitability.
See More
Third Coast Bancshares Continues Share Repurchase Program
- Repurchase Program Continuation: Third Coast Bancshares' Board of Directors has approved the continuation of its share repurchase program, allowing the company to buy back up to $30 million of common stock by June 30, 2027, thereby enhancing market confidence and potentially increasing shareholder value.
- Flexible Repurchase Methods: The program permits share buybacks through open market transactions, privately negotiated deals, block trades, and other compliant methods, demonstrating the company's flexibility and adaptability in capital management to respond to market changes.
- Regulatory Notification: The company has notified the Federal Reserve Bank of Dallas about the continuation of the repurchase program, ensuring compliance and enhancing transparency, which further solidifies investor trust in the company.
- Market Condition Considerations: The specifics of each repurchase will be determined based on various factors including the company's capital status, liquidity, financial performance, and overall market conditions, reflecting a prudent approach to capital management aimed at optimizing shareholder returns.
See More
Third Coast Bancshares to Report Q2 2026 Financial Results
- Earnings Report Schedule: Third Coast Bancshares plans to release its Q2 2026 financial results on July 22, 2026, after market close, demonstrating the company's commitment to transparency and investor communication.
- Conference Call Timing: Management has scheduled a conference call for July 23, 2026, at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) to discuss the financial results in depth, aiming to bolster market confidence.
- Live Streaming Options: Investors can participate in the call by dialing 201-389-0869 or via the company’s website, ensuring broad investor engagement and effective information dissemination.
- Replay Availability: For those unable to attend the live call, a replay will be accessible until July 30, 2026, further reflecting the company's commitment to investor relations and information transparency.
See More
Third Coast Bancshares Declares Quarterly Dividend
- Quarterly Dividend Announcement: Third Coast Bancshares (TCBX) declares a quarterly dividend of $17.0625 per share for its Series A Preferred Stock, payable on July 15, reflecting the company's ongoing commitment to maintaining stable cash flows and enhancing investor confidence.
- Record Date for Shareholders: The dividend will be paid to shareholders of record as of June 30, with the stock going ex-dividend on the same day, demonstrating the company's focus on shareholder returns and timely profit distribution.
- Loan Growth Target: Third Coast Bancshares outlines a quarterly loan growth target of $75 million to $125 million, anticipating a net interest margin of approximately 3.75% post-Keystone integration, which is expected to drive future profitability and competitive positioning in the market.
- Earnings Report Performance: In its latest earnings report, Third Coast Bancshares reported a GAAP EPS of $0.88, beating expectations by $0.12, although revenue of $57.6 million fell short by $0.4 million, indicating positive earnings performance but highlighting the need for attention on revenue growth.
See More
Third Coast Bancshares Reports Significant Q1 Growth Driven by Keystone Acquisition
- Asset and Deposit Growth: Third Coast Bancshares reported a 23.2% increase in assets, a 19.5% rise in loans, and a 23.5% growth in deposits for Q1 2026, indicating a significant expansion in market share in Central Texas following the acquisition of Keystone Bancshares, which has driven robust overall business growth.
- Merger Impact: CFO John McWhorter highlighted that the Keystone transaction significantly influenced quarter-over-quarter financial results, contributing approximately 20% to both loans and deposits, while also incurring $3.3 million in merger-related noninterest expenses, reflecting the cost pressures during the integration process.
- Profitability Outlook: Management anticipates that the net interest margin will normalize to about 3.75%, down from 3.90% in the previous quarter, reflecting integration challenges and credit actions, although loan growth targets have been raised to a range of $75 million to $125 million per quarter.
- Expense Control and Integration: McWhorter indicated that most cost savings from the merger are expected to materialize in the third and fourth quarters, emphasizing that effective expense management during the integration process will positively impact future profitability and ensure the bank's competitiveness in the market.
See More
Third Coast (TCBX) Q1 2026 Earnings Transcript
See More
Third Coast Bancshares Q1 Earnings Beat Expectations
- Earnings Beat: Third Coast Bancshares reported a Q1 GAAP EPS of $0.88, exceeding expectations by $0.12, indicating stable profitability and increased market confidence.
- Revenue Miss: Despite a 25.5% year-over-year revenue growth to $57.6 million, the figure fell short of expectations by $0.4 million, reflecting challenges in the post-merger integration process that may impact future revenue growth potential.
- Significant Loan Growth: As of March 31, 2026, total loans reached $5.25 billion, up from $4.39 billion reported on December 31, 2025, demonstrating the company's success in market expansion and customer acquisition.
- Deteriorating Efficiency Ratio: The efficiency ratio for Q1 stood at 66.06%, up from 57.90% in Q4 2025 and 61.23% in Q1 2025, indicating pressure on cost control that could affect future profitability.
See More
