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Stock impact report

THIRD COAST BANCSHARES, INC. REPORTS RECORD 2023 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

Third Coast Bancshares, Inc. (TCBX) 
Company Research Source: PR Newswire
Year over Year Book Value grew 9.0% and Tangible Book Value(1) grew 9.7%HOUSTON, Jan. 25, 2024 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank, SSB, today reported its 2023 fourth quarter and full year financial results.2023 Fourth Quarter Financial HighlightsTotal assets increased $180.3 million to a record $4.40 billion as of December 31, 2023, or 4.3% over the $4.22 billion reported as of September 30, 2023.Gross loans grew $78.8 million to $3.64 billion as of December 31, 2023, 2.2% more than the $3.56 billion reported as of September 30, 2023.Deposits increased $156.3 million to $3.80 billion as of December 31, 2023, or 4.3% over the $3.65 billion reported as of September 30, 2023.Book value per share and tangible book value per share(1) increased to $25.41 and $24.02, respectively, as of December 31, 2023, compared to $24.57 and $23.17, respectively, as of September 30 Show less Read more
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