Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q1 2025
Third Coast Bancshares (NASDAQ: TCBX) reported Q1 2025 financial results with net income of $13.6M, slightly down from $13.7M in Q4 2024. The company achieved basic and diluted EPS of $0.90 and $0.78 respectively.
The quarterly performance was characterized by higher net interest income, supported by steady loan growth and strong asset quality. The net interest margin improved to 3.80% from 3.71% in Q4 2024, while gross loans reached $3.99 billion. However, the company faced headwinds from increased credit loss provisions and rising operational costs, particularly in salaries and employee benefits.
The efficiency ratio increased to 61.23% from 58.80% in the previous quarter. The company continues to focus on operational efficiency through its 1% improvement initiative, though this may be impacted by planned securitization.
Third Coast Bancshares (NASDAQ: TCBX) ha riportato i risultati finanziari del primo trimestre 2025 con un utile netto di 13,6 milioni di dollari, leggermente inferiore ai 13,7 milioni del quarto trimestre 2024. L'azienda ha registrato un utile base e diluito per azione rispettivamente di 0,90 e 0,78 dollari.
La performance trimestrale è stata caratterizzata da un aumento del reddito netto da interessi, sostenuto da una crescita costante dei prestiti e da una solida qualità degli attivi. Il margine di interesse netto è migliorato al 3,80% rispetto al 3,71% del quarto trimestre 2024, mentre i prestiti lordi hanno raggiunto 3,99 miliardi di dollari. Tuttavia, la società ha affrontato difficoltà dovute all'aumento delle accantonamenti per perdite su crediti e ai costi operativi in crescita, in particolare per salari e benefici ai dipendenti.
Il rapporto di efficienza è salito al 61,23% dal 58,80% del trimestre precedente. L'azienda continua a concentrarsi sull'efficienza operativa attraverso un'iniziativa di miglioramento dell'1%, anche se questa potrebbe risentire della prevista cartolarizzazione.
Third Coast Bancshares (NASDAQ: TCBX) reportó los resultados financieros del primer trimestre de 2025 con un ingreso neto de 13,6 millones de dólares, ligeramente inferior a los 13,7 millones del cuarto trimestre de 2024. La compañía logró ganancias básicas y diluidas por acción de 0,90 y 0,78 dólares respectivamente.
El desempeño trimestral se caracterizó por un aumento en los ingresos netos por intereses, apoyado por un crecimiento constante de los préstamos y una sólida calidad de activos. El margen neto de interés mejoró a 3,80% desde 3,71% en el cuarto trimestre de 2024, mientras que los préstamos brutos alcanzaron los 3,99 mil millones de dólares. Sin embargo, la empresa enfrentó dificultades por mayores provisiones para pérdidas crediticias y costos operativos en aumento, especialmente en salarios y beneficios para empleados.
La relación de eficiencia aumentó a 61,23% desde 58,80% en el trimestre anterior. La compañía continúa enfocándose en la eficiencia operativa a través de su iniciativa de mejora del 1%, aunque esto podría verse afectado por la securitización planificada.
Third Coast Bancshares (NASDAQ: TCBX)는 2025년 1분기 재무 실적을 발표하며 순이익 1,360만 달러를 기록했으며, 이는 2024년 4분기 1,370만 달러에서 소폭 감소한 수치입니다. 회사는 기본 및 희석 주당순이익(EPS)을 각각 0.90달러와 0.78달러로 달성했습니다.
분기 실적은 꾸준한 대출 성장과 견고한 자산 품질에 힘입어 순이자수익 증가가 특징이었습니다. 순이자마진은 3.71%에서 3.80%로 개선되었으며, 총 대출금은 39억 9천만 달러에 달했습니다. 그러나 회사는 증가한 신용손실충당금과 급여 및 직원 복리후생 등 운영비용 상승이라는 부담에 직면했습니다.
효율성 비율은 이전 분기의 58.80%에서 61.23%로 상승했습니다. 회사는 1% 개선 이니셔티브를 통해 운영 효율성에 계속 집중하고 있으나, 예정된 유동화가 영향을 미칠 수 있습니다.
Third Coast Bancshares (NASDAQ: TCBX) a publié ses résultats financiers du premier trimestre 2025 avec un revenu net de 13,6 millions de dollars, en légère baisse par rapport à 13,7 millions au quatrième trimestre 2024. La société a enregistré un BPA de base et dilué de 0,90 et 0,78 dollars respectivement.
La performance trimestrielle a été marquée par une augmentation du revenu net d’intérêts, soutenue par une croissance stable des prêts et une bonne qualité des actifs. La marge nette d’intérêt s’est améliorée à 3,80% contre 3,71% au quatrième trimestre 2024, tandis que les prêts bruts ont atteint 3,99 milliards de dollars. Toutefois, l’entreprise a dû faire face à des vents contraires dus à une augmentation des provisions pour pertes sur crédits et des coûts opérationnels en hausse, notamment les salaires et les avantages sociaux.
Le ratio d’efficacité a augmenté à 61,23% contre 58,80% au trimestre précédent. La société continue de se concentrer sur l’efficacité opérationnelle grâce à son initiative d’amélioration de 1 %, bien que cela puisse être affecté par la titrisation prévue.
Third Coast Bancshares (NASDAQ: TCBX) meldete die Finanzergebnisse für das erste Quartal 2025 mit einem Nettoeinkommen von 13,6 Mio. USD, was leicht unter den 13,7 Mio. USD im vierten Quartal 2024 liegt. Das Unternehmen erzielte ein einfaches und verwässertes Ergebnis je Aktie von 0,90 bzw. 0,78 USD.
Die Quartalsleistung war geprägt von höheren Nettozinserträgen, gestützt durch ein stetiges Kreditwachstum und eine starke Vermögensqualität. Die Nettozinsmarge verbesserte sich auf 3,80% gegenüber 3,71% im vierten Quartal 2024, während die Bruttokredite 3,99 Milliarden USD erreichten. Allerdings sah sich das Unternehmen mit Gegenwinden durch erhöhte Rückstellungen für Kreditausfälle und steigende Betriebskosten, insbesondere für Gehälter und Sozialleistungen, konfrontiert.
Die Effizienzquote stieg auf 61,23% von 58,80% im Vorquartal. Das Unternehmen konzentriert sich weiterhin auf operative Effizienz durch seine 1%-Verbesserungsinitiative, die jedoch durch die geplante Verbriefung beeinträchtigt werden könnte.
- Net interest margin improved to 3.80% from 3.71% Q/Q
- Gross loans grew to $3.99 billion
- Strong asset quality maintained
- Steady loan growth achieved
- Net income slightly declined to $13.6M from $13.7M Q/Q
- Efficiency ratio deteriorated to 61.23% from 58.80%
- Increased provision for credit losses
- Rising operational costs in salaries and employee benefits
Dallas, Texas--(Newsfile Corp. - April 25, 2025) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. For 1Q25, Third Coast reported net income of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Net interest margin of
3.80% for the first quarter of 2025 compared to3.71% for the fourth quarter of 2024. - Gross loans grew to
$3.99 billion as of March 31, 2025. - The efficiency ratio for the quarter was
61.23% , an increase from58.80% last quarter.
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/249776
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