XNASTCBX
Market cap452mUSD
Jan 17, Last price
33.10USD
1D
1.04%
1Q
18.47%
IPO
32.40%
Name
Third Coast Bancshares Inc
Chart & Performance
P/E
13.56
P/S
3.20
EPS
2.44
Div Yield, %
%
Shrs. gr., 5y
—
Rev. gr., 5y
%
Revenues
141m
+15.59%
Net income
33m
+79.01%
CFO
39m
+79.32%
Dividend
Mar 30, 202316.88 USD/sh
Earnings
Jan 23, 2025
Profile
Third Coast Bancshares, Inc. operates as a bank holding company for Third Coast Bank, SSB that provides various commercial banking solutions to small and medium-sized businesses, and professionals. The company's deposit products include checking, savings, individual retirement, and money market accounts, as well as certificates of deposit. It also offers commercial and industrial loans, such as equipment loans, working capital, auto finance, and commercial finance. In addition, the company provides treasury management consumer and commercial online banking services, mobile applications, safe deposit boxes, and wire transfer services, as well as debit cards. It operates through eleven branches in Greater Houston, Dallas-Fort Worth, and Austin-San Antonio; and one branch in Detroit, Texas. The company was founded in 2008 and is headquartered in Humble, Texas.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|
| 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | |
| Income | |||||
Revenues | 141,410 15.59% | 122,339 31.37% | |||
Cost of revenue | 64,844 | 58,422 | |||
Unusual Expense (Income) | |||||
NOPBT | 76,566 | 63,917 | |||
NOPBT Margin | 54.14% | 52.25% | |||
Operating Taxes | 8,211 | 4,509 | |||
Tax Rate | 10.72% | 7.05% | |||
NOPAT | 68,355 | 59,408 | |||
Net income | 33,401 79.01% | 18,659 63.33% | |||
Dividends | (4,736) | (221) | |||
Dividend yield | 1.41% | 0.09% | |||
Proceeds from repurchase of equity | 567,049 | 66,225 | |||
BB yield | -169.08% | -26.12% | |||
| Debt | |||||
Debt current | 30,875 | ||||
Long-term debt | 163,988 | 116,766 | |||
Deferred revenue | (3,689) | ||||
Other long-term liabilities | 3,842,392 | 89,983 | |||
Net debt | (425,944) | (204,493) | |||
| Cash flow | |||||
Cash from operating activities | 39,075 | 21,791 | |||
CAPEX | (3,437) | (12,189) | |||
Cash from investing activities | (529,535) | (1,239,530) | |||
Cash from financing activities | 570,291 | 1,222,728 | |||
FCF | 90,991 | (6,068) | |||
| Balance | |||||
Cash | 411,845 | 176,067 | |||
Long term investments | 178,087 | 176,067 | |||
Excess cash | 582,862 | 346,017 | |||
Stockholders' equity | 93,460 | 64,846 | |||
Invested Capital | 4,302,614 | 3,735,488 | |||
ROIC | 1.70% | 1.92% | |||
ROCE | 1.74% | 1.68% | |||
| EV | |||||
Common stock shares outstanding | 16,878 | 13,755 | |||
Price | 19.87 7.81% | 18.43 -29.06% | |||
Market cap | 335,364 32.29% | 253,497 19.89% | |||
EV | (90,511) | 49,073 | |||
EBITDA | 80,228 | 63,438 | |||
EV/EBITDA | 0.77 | ||||
Interest | 127,019 | 37,492 | |||
Interest/NOPBT | 165.89% | 58.66% | |||