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Third Coast Bancshares (TCBX)

(Real Time Quote from BATS)

$19.88 USD

19.88
31,741

-0.02 (-0.10%)

Updated Apr 29, 2024 03:14 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value D Growth A Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 36% (91 out of 252)

Industry: Banks - Southeast

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Balance Sheet

Research for TCBX

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Third Coast Bancshares, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 412 332 327 204 96
Receivables 3,625 3,096 2,060 1,558 804
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 2 0
Other Current Assets 0 0 0 0 0
Total Current Assets 4,037 3,428 2,387 1,764 900
Net Property & Equipment 29 29 19 15 8
Investments & Advances 194 191 34 30 3
Other Non-Current Assets 0 0 2 3 2
Deferred Charges 9 6 4 4 1
Intangibles 19 19 19 19 0
Deposits & Other Assets 87 82 34 31 15
Total Assets 4,396 3,773 2,499 1,867 928
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 119 111 1 34 30
Accounts Payable 3,803 3,236 2,141 1,634 807
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 5 3 0 1 2
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 3,927 3,350 2,143 1,669 839
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 50 70 30
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 34 23 8 8 2
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 3,984 3,391 2,200 1,747 872
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 14 14 13 6 4
Capital Surplus 320 318 249 91 42
Retained Earnings 79 53 36 25 12
Other Equity 1 -2 1 -1 -1
Treasury Stock 1 1 1 1 1
Total Shareholder's Equity 412 382 299 120 57
Total Liabilities & Shareholder's Equity 4,396 3,773 2,499 1,867 928
Total Common Equity 412 382 299 120 57
Shares Outstanding 13.60 13.50 13.30 NA NA
Book Value Per Share 30.29 28.27 22.48 0.00 0.00

Fiscal Year End for Third Coast Bancshares, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 412 287 268 311
Receivables NA 3,625 3,545 3,317 3,196
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 0 0 0 0
Total Current Assets NA 4,037 3,831 3,585 3,507
Net Property & Equipment NA 29 29 29 29
Investments & Advances NA 194 217 215 195
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 9 8 8 7
Intangibles NA 19 19 19 19
Deposits & Other Assets NA 87 90 86 83
Total Assets NA 4,396 4,216 3,963 3,860
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 119 116 111 111
Accounts Payable NA 3,803 3,647 3,408 3,323
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 5 4 4 2
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 3,927 3,768 3,523 3,435
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 26 22 17
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 3,984 3,815 3,568 3,473
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 14 14 14 14
Capital Surplus NA 320 319 319 318
Retained Earnings NA 79 70 66 58
Other Equity NA 1 -2 -1 -2
Treasury Stock NA 1 1 1 1
Total Shareholder's Equity NA 412 400 396 387
Total Liabilities & Shareholder's Equity NA 4,396 4,216 3,963 3,860
Total Common Equity 0 412 400 396 387
Shares Outstanding 13.60 13.60 13.60 13.50 13.50
Book Value Per Share 0.00 30.29 29.43 29.32 28.66