Quarterly ResultJul 22, 2026, 04:23 PM
Third Coast Bancshares Q2 EPS $1.08, Net Income $22.0M
AI Summary
Third Coast Bancshares, Inc. reported strong financial results for the second quarter of 2026, with net income reaching $22.0 million and diluted earnings per share of $1.08, marking a record. The company achieved a double-digit increase in net interest income and significant loan and deposit growth. Additionally, Third Coast Bancshares completed the sale of Third Coast Commercial Capital, Inc., recognizing a $3.5 million gain.
Key Highlights
- Diluted EPS reached a record $1.08 for the second quarter of 2026.
- Net income totaled $22.0 million for the second quarter of 2026.
- Net interest income increased 12.4% quarter-over-quarter to $60.3 million.
- Gross loans grew 3.5% quarter-over-quarter to $5.44 billion.
- Net interest margin improved to 3.83% from 3.67% quarter-over-quarter.
- Efficiency ratio improved to 56.51% from 66.06% quarter-over-quarter.
- Deposits increased 2.5% quarter-over-quarter to $5.86 billion.
- Recognized a $3.5 million gain from the sale of Third Coast Commercial Capital, Inc.
Price Impact
More from TCBX