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Stock impact report

THIRD COAST BANCSHARES, INC. REPORTS SECOND QUARTER 2022 FINANCIAL RESULTS

Third Coast Bancshares, Inc. (TCBX) 
Company Research Source: PR Newswire
Strategic Growth Plan Includes Realignment of Production Leadership and Research and Development InitiativesHUMBLE, Texas, July 27, 2022 /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 2022 second quarter financial results.Second Quarter 2022 Financial and Operational HighlightsLoans held for investment grew $301.2 million to $2.75 billion, or 12.3%, over the first quarter of 2022, and a 77.2% increase over the $1.55 billion reported in the second quarter of 2021.Deposits reached $2.90 billion, an increase of $311.1 million, or 12.0%, over the first quarter of 2022, and $1.11 billion, or 62.5% over the second quarter of 2021. Noninterest-bearing deposits declined $412.0 million to $519.6 million and now represent 17.9% of total deposits.Total assets reached $3.36 billion, a sequential increase of $317.7 million, or 10.4%, over the first quarter of 20 Show less Read more
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