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Stonegate Initiates Coverage on Third Coast Bancshares, Inc. (TCBX)

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Stonegate Capital Partners has initiated coverage on Third Coast Bancshares, Inc. (NASDAQ: TCBX). The key takeaways from the announcement include a net income of $10.4 million for the quarter and a year-over-year loan growth of $530.6 million. Additionally, the bank has opened its 17th branch.

Positive
  • Net income of $10.4 million in the quarter.
  • Year-over-year loan growth of $530.6 million.
  • Opening of the 17th branch, expanding physical presence.
Negative
  • No clearly negative aspects were mentioned in the PR.

Dallas, Texas--(Newsfile Corp. - June 13, 2024) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners initiates their coverage on Third Coast Bancshares, Inc. (NASDAQ: TCBX).

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • Net Income of $10.4M in the quarter
  • Year over year loan growth of $530.6M
  • 17th branch opened

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/212919_figure1_550.jpg

Click image above to view full announcement.


About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/212919

FAQ

What is the net income of Third Coast Bancshares (TCBX) for this quarter?

The net income for Third Coast Bancshares (TCBX) this quarter is $10.4 million.

How much has Third Coast Bancshares (TCBX) grown its loans year over year?

Third Coast Bancshares (TCBX) has grown its loans by $530.6 million year over year.

How many branches does Third Coast Bancshares (TCBX) have?

Third Coast Bancshares (TCBX) has opened its 17th branch.

Third Coast Bancshares, Inc.

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