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Stock impact report

Third Coast Bancshares, Inc. Reports 2024 First Quarter Financial Results

Third Coast Bancshares, Inc. (TCBX) 
Company Research Source: PR Newswire
Continued Growth Results in Record EPS of $0.68 and Diluted EPS of $0.61HOUSTON, April 24, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, today reported its 2024 first quarter financial results.2024 First Quarter Financial and Operational HighlightsNet income for the first quarter of 2024 totaled $10.4 million, or $0.68 and $0.61 per basic and diluted share, respectively, compared to $9.7 million, or $0.62 and $0.57 per basic and diluted share, respectively, for the fourth quarter of 2023.Total assets increased $264.3 million to a record $4.66 billion as of March 31, 2024, or 6.0% over the $4.40 billion reported as of December 31, 2023.Gross loans grew $107.4 million to $3.75 billion as of March 31, 2024, 3.0% more than the $3.64 billion reported as of December 31, 2023.Deposits increased $247.5 million to $4.05 billion as of March 31, 2024, or 6.5% over the $3.80 bil Show less Read more
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