News about Third Coast Bancshares

Third Coast Bancshares (TCBX) reported Q3 2026 net income of $19.0 million, or $0.93 per diluted share, down from $22.0 million in Q2 2026 and up from $18.1 million in Q3 2025. The decline from the prior quarter was mainly due to a smaller gain on sale of factored receivables and higher merger-related expenses, including $3.2 million of acquisition costs; excluding these, adjusted net income was $21.6 million. Net interest margin fell to 3.70% from 3.83% in Q2 and 4.10% a year earlier, while gross loans grew to $5.49 billion. The company also agreed on October 7, 2026 to acquire Great Plains Bancshares in an all-stock deal valued at about $239.6 million, expected to close in Q1 2027.