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Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q2 2024

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Stonegate Capital Partners has updated its coverage on Third Coast Bancshares, Inc. (NASDAQ: TCBX) for Q2 2024. The key takeaways from the update include:

1. Net Income of $10.8 million for the quarter
2. Year-over-year loan growth of $422.9 million
3. Opening of the company's 18th branch

These highlights suggest positive financial performance and continued expansion for Third Coast Bancshares. The substantial loan growth indicates increased business activity, while the opening of a new branch demonstrates the company's commitment to expanding its physical presence and customer base.

Stonegate Capital Partners ha aggiornato la sua copertura su Third Coast Bancshares, Inc. (NASDAQ: TCBX) per il secondo trimestre del 2024. I punti salienti dell'aggiornamento includono:

1. Utile netto di 10,8 milioni di dollari per il trimestre
2. Crescita dei prestiti anno su anno di 422,9 milioni di dollari
3. Apertura della 18ª filiale

Questi punti salienti suggeriscono una performance finanziaria positiva e un'espansione continua per Third Coast Bancshares. La significativa crescita dei prestiti indica un aumento dell'attività commerciale, mentre l'apertura di una nuova filiale dimostra l'impegno dell'azienda ad ampliare la propria presenza fisica e la base clienti.

Stonegate Capital Partners ha actualizado su cobertura sobre Third Coast Bancshares, Inc. (NASDAQ: TCBX) para el segundo trimestre de 2024. Los puntos clave de la actualización incluyen:

1. Ingresos netos de 10,8 millones de dólares para el trimestre
2. Crecimiento de los préstamos interanual de 422,9 millones de dólares
3. Apertura de la 18ª sucursal

Estos aspectos destacados sugieren un rendimiento financiero positivo y una expansión continua para Third Coast Bancshares. El crecimiento sustancial de los préstamos indica una mayor actividad comercial, mientras que la apertura de una nueva sucursal demuestra el compromiso de la empresa de ampliar su presencia física y su base de clientes.

스톤게이트 캐피탈 파트너스는 Third Coast Bancshares, Inc. (NASDAQ: TCBX)에 대한 2024년 2분기 업데이트를 발표했습니다. 업데이트의 주요 내용은 다음과 같습니다:

1. 해당 분기에 대한 순이익 1,080만 달러
2. 전년 대비 대출 성장 4억 2,290만 달러
3. 회사의 18번째 지점 개설

이러한 중요한 내용은 Third Coast Bancshares의 긍정적인 재무 성과와 지속적인 확장을 나타냅니다. 대출의 상당한 성장은 증가한 비즈니스 활동을 의미하며, 새로운 지점의 개설은 회사가 물리적인 존재와 고객 기반을 확장하려는 의지를 보여줍니다.

Stonegate Capital Partners a mis à jour sa couverture sur Third Coast Bancshares, Inc. (NASDAQ: TCBX) pour le deuxième trimestre 2024. Les points essentiels de la mise à jour comprennent :

1. Revenu net de 10,8 millions de dollars pour le trimestre
2. Croissance des prêts d'année en année de 422,9 millions de dollars
3. Ouverture de la 18ème agence

Ces points forts suggèrent une performance financière positive et une expansion continue pour Third Coast Bancshares. La croissance significative des prêts indique une augmentation de l'activité commerciale, tandis que l'ouverture d'une nouvelle agence démontre l'engagement de l'entreprise à étendre sa présence physique et sa base de clients.

Stonegate Capital Partners hat seine Berichterstattung über Third Coast Bancshares, Inc. (NASDAQ: TCBX) für das zweite Quartal 2024 aktualisiert. Die wichtigsten Erkenntnisse aus dem Update sind:

1. Nettoeinkommen von 10,8 Millionen Dollar für das Quartal
2. Jahr-über-Jahr Kreditwachstum von 422,9 Millionen Dollar
3. Eröffnung der 18. Filiale

Diese Highlights deuten auf eine positive finanzielle Leistung und eine fortgesetzte Expansion von Third Coast Bancshares hin. Das beträchtliche Kreditwachstum zeigt eine erhöhte Geschäftstätigkeit an, während die Eröffnung einer neuen Filiale das Engagement des Unternehmens demonstriert, seine physische Präsenz und Kundenbasis zu erweitern.

Positive
  • Net Income of $10.8 million for Q2 2024
  • Year-over-year loan growth of $422.9 million
  • Expansion with the opening of the 18th branch
Negative
  • None.

Dallas, Texas--(Newsfile Corp. - July 26, 2024) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners updates 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 $10.8M in the quarter
  • Year over year loan growth of $422.9M
  • 18th branch opened

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/217953_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/217953

FAQ

What was Third Coast Bancshares (TCBX) net income for Q2 2024?

Third Coast Bancshares (TCBX) reported a net income of $10.8 million for Q2 2024.

How much loan growth did Third Coast Bancshares (TCBX) experience year-over-year?

Third Coast Bancshares (TCBX) experienced a year-over-year loan growth of $422.9 million.

How many branches does Third Coast Bancshares (TCBX) have after their recent expansion?

Third Coast Bancshares (TCBX) has opened its 18th branch, indicating continued expansion of its physical presence.

Who updated the coverage on Third Coast Bancshares (TCBX) for Q2 2024?

Stonegate Capital Partners updated their coverage on Third Coast Bancshares (TCBX) for Q2 2024.

Third Coast Bancshares, Inc.

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