Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock
Third Coast Bancshares, Inc. (NASDAQ: TCBX), the holding company of Third Coast Bank, has announced a quarterly cash dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The Board of Directors has declared a dividend of $17.25 per share, which will be payable on October 15, 2024 to shareholders of record as of the close of business on September 30, 2024.
Third Coast Bancshares, Inc. (NASDAQ: TCBX), la società madre di Third Coast Bank, ha annunciato un dividendo in contante trimestrale sulle sue azioni privilegiate convertibili non cumulative di Serie A al 6,75%. Il Consiglio di Amministrazione ha dichiarato un dividendo di $17,25 per azione, che sarà pagabile il 15 ottobre 2024 agli azionisti registrati alla chiusura delle operazioni del 30 settembre 2024.
Third Coast Bancshares, Inc. (NASDAQ: TCBX), la empresa matriz de Third Coast Bank, ha anunciado un dividendo en efectivo trimestral sobre sus acciones preferentes convertibles no acumulativas de la Serie A al 6.75%. La Junta Directiva ha declarado un dividendo de $17.25 por acción, que se pagará el 15 de octubre de 2024 a los accionistas registrados al cierre de operaciones del 30 de septiembre de 2024.
Third Coast Bancshares, Inc. (NASDAQ: TCBX), Third Coast Bank의 지주 회사가 6.75% 시리즈 A 전환 비누적 우선주에 대한 분기 현금 배당금을 발표했습니다. 이사회는 주당 $17.25의 배당금을 선언했으며, 이는 2024년 10월 15일에 2024년 9월 30일 거래 종료 시점에 등록된 주주에게 지급됩니다.
Third Coast Bancshares, Inc. (NASDAQ: TCBX), la société mère de Third Coast Bank, a annoncé un dividende en espèces trimestriel sur ses actions privilégiées convertibles non cumulatives de série A à 6,75 %. Le Conseil d'Administration a déclaré un dividende de 17,25 $ par action, qui sera payable le 15 octobre 2024 aux actionnaires enregistrés à la clôture des affaires du 30 septembre 2024.
Third Coast Bancshares, Inc. (NASDAQ: TCBX), die Holdinggesellschaft der Third Coast Bank, hat eine vierteljährliche Bardividende auf ihre 6,75 % Serie A umwandlungsfähigen nicht kumulierten Vorzugsaktien angekündigt. Der Vorstand hat eine Dividende von 17,25 $ pro Aktie erklärt, die am 15. Oktober 2024 an die zum Schluss des Geschäftsbetriebs am 30. September 2024 eingetragenen Aktionäre ausgezahlt wird.
- Regular dividend payment indicates financial stability
- Preferred stock dividend of $17.25 per share provides income for shareholders
- None.
About Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a commercially focused,
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "looking ahead," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would" and "outlook," or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the following: interest rate risk and fluctuations in interest rates; market conditions and economic trends generally and in the banking industry; our ability to maintain important deposit relationships; our ability to grow or maintain our deposit base; our ability to implement our expansion strategy; our ability to pay dividends on our Series A Preferred Stock; credit risk associated with our business; and changes in key management personnel. For a discussion of additional factors that could cause our actual results to differ materially from those described in the forward-looking statements, please see the risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the
The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this press release. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.
Contact:
Ken Dennard / Natalie Hairston
Dennard Lascar Investor Relations
(713) 529-6600
TCBX@dennardlascar.com
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SOURCE Third Coast Bancshares
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