Third Coast Bancshares, Inc 8-K, filed Oct 21, 2026

Third Coast Bancshares, Inc. (TCBX)

8-K 2026-10-21 For: 2026-10-21

Added on October 22, 2026

About this 8-K

Third Coast Bancshares, Inc filed this 8-K on October 21, 2026.

Third Coast Bancshares reported third-quarter 2026 net income of $19.0 million, loans of $5.49 billion and deposits of $5.92 billion; its Great Plains acquisition is valued at approximately $239.6 million and expected to close in the first quarter of 2027. AI summary

Items reported

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 9.01: Financial statements and exhibits

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Texas	001-41028	46-2135597
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

20202 Highway 59 North Suite 190
Humble, Texas		77338
(Address of Principal Executive Offices)		(Zip Code)


☒	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Exhibit Number		Description of Exhibit

99.1		Press Release dated October 21, 2026

99.2		Investor Presentation

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)


			THIRD COAST BANCSHARES, INC.

Date:	October 21, 2026	By:	/s/ R. John McWhorter
			R. John McWhorter Chief Financial Officer


	2026									2025
(Dollars in thousands)	September 30			June 30			March 31			December 31			September 30

ASSETS
Cash and cash equivalents:
Cash and due from banks	$	359,763		$	404,165		$	425,174		$	175,202		$	116,383
Federal funds sold		6,051			6,732			6,133			6,027			6,629
Total cash and cash equivalents		365,814			410,897			431,307			181,229			123,012

Interest bearing time deposits in other banks		276			273			270			267			265
Investment securities available-for-sale		461,524			405,251			435,846			383,192			376,719
Investment securities held to maturity		191,924			191,952			191,980			192,008			206,037
Loans held for investment		5,493,503			5,436,414			5,251,458			4,394,751			4,165,116
Less: allowance for credit losses		(54,418	)		(53,591	)		(51,455	)		(43,949	)		(42,563	)
Loans held for investment, net		5,439,085			5,382,823			5,200,003			4,350,802			4,122,553
Accrued interest receivable		32,083			30,306			31,385			29,236			29,537
Premises and equipment, net		40,645			40,178			40,558			24,789			24,718
Other real estate owned		26,999			27,321			8,388			8,388			8,388
Bank-owned life insurance		77,100			77,856			77,107			76,357			75,547
Non-marketable securities, at cost		24,860			23,538			21,759			16,424			26,157
Deferred tax asset, net		26,644			23,843			7,493			6,450			6,989
Derivative assets		5,307			2,594			2,350			2,544			2,803
Right-of-use assets - operating leases		16,833			16,953			17,615			17,066			17,677
Core deposit intangibles, net		7,655			8,081			8,516			646			686
Goodwill		46,079			46,079			46,367			18,034			18,034
Other assets		42,792			47,556			61,129			33,327			22,686
Total assets	$	6,805,620		$	6,735,501		$	6,582,073		$	5,340,759		$	5,061,808

LIABILITIES
Deposits:
Noninterest bearing	$	721,194		$	642,748		$	577,217		$	495,000		$	450,013
Interest bearing		5,203,574			5,212,718			5,137,860			4,131,888			3,922,728
Total deposits		5,924,768			5,855,466			5,715,077			4,626,888			4,372,741

Accrued interest payable		6,910			5,872			7,205			5,957			7,153
Derivative liabilities		10,368			4,289			3,517			3,142			3,521
Lease liability - operating leases		17,887			18,011			18,676			18,130			18,735
Other liabilities		27,260			39,647			48,177			36,775			32,040
Line of credit - Senior Debt		62,375			60,375			57,875			37,875			32,875
Note payable - Subordinated Debentures, net		81,120			81,068			81,016			80,965			80,913
Total liabilities		6,130,688			6,064,728			5,931,543			4,809,732			4,547,978

SHAREHOLDERS' EQUITY
Series A Convertible Non-Cumulative Preferred Stock		69			69			69			69			69
Series B Convertible Perpetual Preferred Stock		-			-			-			-			-
Common stock		16,742			16,718			16,641			13,970			13,958
Common stock - non-voting		-			-			-			-			-
Additional paid-in capital		431,086			429,931			428,815			323,929			323,491
Retained earnings		237,045			219,238			198,435			183,238			166,537
Accumulated other comprehensive (loss) income		(8,911	)		5,916			7,669			10,920			10,874
Treasury stock, at cost		(1,099	)		(1,099	)		(1,099	)		(1,099	)		(1,099	)
Total shareholders' equity		674,932			670,773			650,530			531,027			513,830
Total liabilities and shareholders' equity	$	6,805,620		$	6,735,501		$	6,582,073		$	5,340,759		$	5,061,808

Third Coast Bancshares, Inc 8-K, filed Oct 21, 2026

About this 8-K

Items reported

FORM 8-K

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

Item 9.01 Financial Statements and Exhibits.


	Three Months Ended													Nine Months Ended
	2026								2025					2026			2025
(Dollars in thousands, except per share data)	September 30		June 30			March 31			December 31			September 30		September 30			September 30

INTEREST INCOME:
Loans, including fees	$	94,593	$	94,584		$	85,893		$	81,368		$	82,054	$	275,070		$	234,847
Investment securities available-for-sale		7,020		6,482			6,107			6,464			6,289		19,609			17,487
Investment securities held-to-maturity		2,359		2,549			2,398			2,681			2,882		7,306			4,489
Federal funds sold and other		2,754		2,374			2,988			1,586			1,278		8,116			5,108
Total interest income		106,726		105,989			97,386			92,099			92,503		310,101			261,931

INTEREST EXPENSE:
Deposit accounts		44,709		43,384			41,484			37,530			39,030		129,577			112,791
FHLB advances and other borrowings		2,471		2,329			2,257			2,372			2,624		7,057			6,120
Total interest expense		47,180		45,713			43,741			39,902			41,654		136,634			118,911

Net interest income		59,546		60,276			53,645			52,197			50,849		173,467			143,020

Provision for credit losses		540		2,069			580			2,245			2,763		3,189			5,343

Net interest income after credit loss expense		59,006		58,207			53,065			49,952			48,086		170,278			137,677

NONINTEREST INCOME:
Service charges and fees		4,293		3,174			3,175			3,518			2,839		10,642			7,241
Earnings on bank-owned life insurance		797		748			750			811			786		2,295			2,206
Loss on sale of investment securities available-for-sale		-		(93	)		(11	)		(272	)		-		(104	)		(338	)
Gain on sale of factored receivables		-		3,463			-			-			-		3,463			-
Gain on sale of SBA loans		-		-			-			-			-		-			74
Other		1,231		425			119			204			10		1,775			209
Total noninterest income		6,321		7,717			4,033			4,261			3,635		18,071			9,392

NONINTEREST EXPENSE:
Salaries and employee benefits		24,981		24,804			24,808			21,109			19,560		74,593			56,080
Occupancy and equipment expense		3,414		3,259			3,349			2,845			2,861		10,022			8,478
Legal and professional		4,869		2,271			3,221			2,850			1,254		10,361			4,612
Data processing and network expense		1,578		1,595			1,414			1,087			1,203		4,587			3,485
Regulatory assessments		1,430		1,331			1,210			1,172			1,152		3,971			3,661
Advertising and marketing		799		737			639			733			499		2,175			1,411
Software purchases and maintenance		1,573		1,421			1,419			1,067			1,094		4,413			3,502
Loan operations and other real estate owned expense		1,018		656			537			397			29		2,211			737
Telephone and communications		166		158			144			126			134		468			424
Other		1,733		2,192			1,362			1,305			1,106		5,287			3,456
Total noninterest expense		41,561		38,424			38,103			32,691			28,892		118,088			85,846

NET INCOME BEFORE INCOME TAX EXPENSE		23,766		27,500			18,995			21,522			22,829		70,261			61,223

Income tax expense		4,762		5,513			2,627			3,624			4,772		12,902			12,830

NET INCOME		19,004		21,987			16,368			17,898			18,057		57,359			48,393

Preferred stock dividends declared		1,197		1,184			1,171			1,197			1,197		3,552			3,553

NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$	17,807	$	20,803		$	15,197		$	16,701		$	16,860	$	53,807		$	44,840

EARNINGS PER COMMON SHARE:
Basic earnings per share	$	1.07	$	1.25		$	1.03		$	1.21		$	1.22	$	3.36		$	3.24
Diluted earnings per share	$	0.93	$	1.08		$	0.88		$	1.02		$	1.03	$	2.90		$	2.77


	Three Months Ended
	September 30, 2026						June 30, 2026						September 30, 2025
(Dollars in thousands)	Average Outstanding Balance			Interest Earned/ Paid(3)		Average Yield/ Rate(4)	Average Outstanding Balance			Interest Earned/ Paid(3)		Average Yield/ Rate(4)	Average Outstanding Balance			Interest Earned/ Paid(3)		Average Yield/ Rate(4)

Assets
Interest-earnings assets:
Loans, gross	$	5,396,683		$	94,593	6.95%	$	5,371,846		$	94,584	7.06%	$	4,179,027		$	82,054	7.79%
Investment securities available-for-sale		492,929			7,020	5.65%		432,863			6,482	6.01%		410,073			6,289	6.08%
Investment securities held-to-maturity		192,152			2,359	4.87%		191,970			2,549	5.33%		206,055			2,882	5.55%
Federal funds sold and other interest- earning assets		299,444			2,754	3.65%		315,434			2,374	3.02%		123,680			1,278	4.10%
Total interest-earning assets		6,381,208			106,726	6.64%		6,312,113			105,989	6.73%		4,918,835			92,503	7.46%
Less: allowance for credit losses		(53,612	)					(52,533	)					(40,427	)
Total interest-earning assets, net of allowance		6,327,596						6,259,580						4,878,408
Noninterest-earning assets		325,704						330,121						213,210
Total assets	$	6,653,300					$	6,589,701					$	5,091,618

Liabilities and Shareholders’ Equity
Interest-bearing liabilities:
Interest-bearing deposits	$	5,084,277		$	44,709	3.49%	$	5,108,166		$	43,384	3.41%	$	3,892,726		$	39,030	3.98%
Note payable and line of credit		142,832			2,155	5.99%		139,733			2,091	6.00%		113,560			1,754	6.13%
FHLB advances		31,986			316	3.92%		24,719			238	3.86%		73,476			870	4.70%
Total interest-bearing liabilities		5,259,095			47,180	3.56%		5,272,618			45,713	3.48%		4,079,762			41,654	4.05%
Noninterest-bearing deposits		654,281						599,000						453,980
Other liabilities		58,749						54,236						49,842
Total liabilities		5,972,125						5,925,854						4,583,584
Shareholders’ equity		681,175						663,847						508,034
Total liabilities and shareholders’ equity	$	6,653,300					$	6,589,701					$	5,091,618
Net interest income				$	59,546					$	60,276					$	50,849
Net interest spread (1)						3.08%						3.25%						3.41%
Net interest margin (2)						3.70%						3.83%						4.10%


	Three Months Ended															Nine Months Ended
	2026									2025						2026			2025
(Dollars in thousands, except share and per share data)	September 30			June 30			March 31			December 31			September 30			September 30			September 30

Earnings per common share, basic	$	1.07		$	1.25		$	1.03		$	1.21		$	1.22		$	3.36		$	3.24
Earnings per common share, diluted	$	0.93		$	1.08		$	0.88		$	1.02		$	1.03		$	2.90		$	2.77
Dividends on common stock	$	-		$	-		$	-		$	-		$	-		$	-		$	-
Dividends on Series A Convertible Non-Cumulative Preferred Stock	$	17.25		$	17.06		$	16.88		$	17.25		$	17.25		$	51.19		$	51.19

Return on average assets (A)		1.13	%		1.34	%		1.08	%		1.36	%		1.41	%		1.19	%		1.32	%
Return on average common equity (A)		11.49	%		13.96	%		11.29	%		14.42	%		15.14	%		12.27	%		14.13	%
Return on average tangible common equity (A) (B)		12.59	%		15.36	%		12.23	%		15.03	%		15.81	%		13.42	%		14.79	%
Net interest margin (A) (C)		3.70	%		3.83	%		3.67	%		4.10	%		4.10	%		3.73	%		4.05	%
Efficiency ratio (D)		63.10	%		56.51	%		66.06	%		57.90	%		53.03	%		61.65	%		56.32	%

Capital Ratios
Third Coast Bancshares, Inc. (consolidated):
Total common equity to total assets		8.95	%		8.98	%		8.88	%		8.70	%		8.84	%		8.95	%		8.84	%
Tangible common equity to tangible assets (B)		8.22	%		8.24	%		8.11	%		8.38	%		8.51	%		8.22	%		8.51	%
Estimated Common equity tier 1 (to risk weighted assets)		9.20	%		8.82	%		8.84	%		8.65	%		8.85	%		9.20	%		8.85	%
Estimated Tier 1 capital (to risk weighted assets)		10.28	%		9.89	%		9.96	%		9.97	%		10.25	%		10.28	%		10.25	%
Estimated Total capital (to risk weighted assets)		12.45	%		12.01	%		12.13	%		12.48	%		12.90	%		12.45	%		12.90	%
Estimated Tier 1 capital (to average assets)		9.55	%		9.35	%		9.65	%		9.65	%		9.55	%		9.55	%		9.55	%

Third Coast Bank:
Estimated Common equity tier 1 (to risk weighted assets)		12.56	%		12.10	%		12.23	%		12.23	%		12.59	%		12.56	%		12.59	%
Estimated Tier 1 capital (to risk weighted assets)		12.56	%		12.10	%		12.23	%		12.23	%		12.59	%		12.56	%		12.59	%
Estimated Total capital (to risk weighted assets)		13.41	%		12.91	%		13.02	%		13.14	%		13.53	%		13.41	%		13.53	%
Estimated Tier 1 capital (to average assets)		11.66	%		11.44	%		11.84	%		11.84	%		11.75	%		11.66	%		11.75	%

Other Data
Weighted average common shares:
Basic		16,655,357			16,591,144			14,814,661			13,889,497			13,860,149			16,027,130			13,824,963
Diluted		20,435,618			20,334,205			18,560,056			17,552,204			17,524,288			19,783,163			17,452,385
Period end common shares outstanding		16,664,058			16,639,127			16,562,268			13,891,055			13,879,099			16,664,058			13,879,099
Book value per common share	$	36.53		$	36.34		$	35.28		$	33.47		$	32.25		$	36.53		$	32.25
Tangible book value per common share (B)	$	33.31		$	33.08		$	31.97		$	32.12		$	30.91		$	33.31		$	30.91


	Three Months Ended
	2026									2025
(Dollars in thousands)	September 30			June 30			March 31			December 31			September 30

Period-end Loan Portfolio:
Real estate loans:
Commercial real estate:
Non-farm non-residential owner occupied	$	609,699		$	583,989		$	572,037		$	434,715		$	408,996
Non-farm non-residential non-owner occupied		988,249			932,147			929,598			710,401			687,924
Residential		514,474			530,189			543,804			333,419			334,583
Construction, development & other		888,908			887,805			894,767			823,353			826,566
Farmland		32,841			32,898			32,379			26,485			25,549
Commercial & industrial		2,368,844			2,369,582			2,182,864			1,906,616			1,772,045
Consumer		1,715			1,871			2,265			1,576			1,291
Municipal and other		88,773			97,933			93,744			158,186			108,162
Total loans	$	5,493,503		$	5,436,414		$	5,251,458		$	4,394,751		$	4,165,116

Asset Quality:
Nonaccrual loans	$	23,050		$	21,557		$	29,222		$	10,120		$	10,723
Loans > 90 days and still accruing		5,929			5,555			6,396			11,360			11,016
Total nonperforming loans		28,979			27,112			35,618			21,480			21,739
Other real estate owned		26,999			27,321			8,388			8,388			8,388
Total nonperforming assets	$	55,978		$	54,433		$	44,006		$	29,868		$	30,127

QTD Net (recoveries) charge-offs	$	(27	)	$	(150	)	$	(5	)	$	844		$	(17	)

Nonaccrual loans:
Real estate loans:
Commercial real estate:
Non-farm non-residential owner occupied	$	5,129		$	3,320		$	618		$	1,235		$	1,237
Non-farm non-residential non-owner occupied		5,365			5,584			17,140			99			111
Residential		-			198			374			387			214
Construction, development & other		-			-			603			-			6
Commercial & industrial		12,556			12,455			10,487			8,399			9,155
Total nonaccrual loans	$	23,050		$	21,557		$	29,222		$	10,120		$	10,723

Asset Quality Ratios:
Nonperforming assets to total assets		0.82	%		0.81	%		0.67	%		0.56	%		0.60	%
Nonperforming loans to total loans		0.53	%		0.50	%		0.68	%		0.49	%		0.52	%


	Three Months Ended															Nine Months Ended
	2026									2025						2026			2025
(Dollars in thousands, except share and per share data)	September 30			June 30			March 31			December 31			September 30			September 30			September 30

Tangible Common Equity:
Total shareholders' equity	$	674,932		$	670,773		$	650,530		$	531,027		$	513,830		$	674,932		$	513,830
Less: Preferred stock including additional paid in capital		66,160			66,160			66,160			66,160			66,160			66,160			66,160
Total common equity		608,772			604,613			584,370			464,867			447,670			608,772			447,670
Less: Goodwill and core deposit intangibles, net		53,734			54,160			54,883			18,680			18,720			53,734			18,720
Tangible common equity	$	555,038		$	550,453		$	529,487		$	446,187		$	428,950		$	555,038		$	428,950

Common shares outstanding at end of period		16,664,058			16,639,127			16,562,268			13,891,055			13,879,099			16,664,058			13,879,099

Book Value Per Common Share	$	36.53		$	36.34		$	35.28		$	33.47		$	32.25		$	36.53		$	32.25
Tangible Book Value Per Common Share	$	33.31		$	33.08		$	31.97		$	32.12		$	30.91		$	33.31		$	30.91

Tangible Assets:
Total assets	$	6,805,620		$	6,735,501		$	6,582,073		$	5,340,759		$	5,061,808		$	6,805,620		$	5,061,808
Adjustments: Goodwill and core deposit intangibles, net		53,734			54,160			54,883			18,680			18,720			53,734			18,720
Tangible assets	$	6,751,886		$	6,681,341		$	6,527,190		$	5,322,079		$	5,043,088		$	6,751,886		$	5,043,088

Total Common Equity to Total Assets		8.95	%		8.98	%		8.88	%		8.70	%		8.84	%		8.95	%		8.84	%
Tangible Common Equity to Tangible Assets		8.22	%		8.24	%		8.11	%		8.38	%		8.51	%		8.22	%		8.51	%

Average Tangible Common Equity:
Average shareholders' equity	$	681,175		$	663,847		$	612,170		$	525,759		$	508,034		$	652,646		$	490,404
Less: Average preferred stock including additional paid in capital		66,160			66,160			66,160			66,160			66,160			66,160			66,160
Average common equity		615,015			597,687			546,010			459,599			441,874			586,486			424,244
Less: Average goodwill and core deposit intangibles, net		54,007			54,580			42,115			18,705			18,746			50,277			18,785
Average tangible common equity	$	561,008		$	543,107		$	503,895		$	440,894		$	423,128		$	536,209		$	405,459

Net Income	$	19,004		$	21,987		$	16,368		$	17,898		$	18,057		$	57,359		$	48,393
Less: Dividends declared on preferred stock		1,197			1,184			1,171			1,197			1,197			3,552			3,553
Net Income Available to Common Shareholders	$	17,807		$	20,803		$	15,197		$	16,701		$	16,860		$	53,807		$	44,840

Return on Average Common Equity(A)		11.49	%		13.96	%		11.29	%		14.42	%		15.14	%		12.27	%		14.13	%
Return on Average Tangible Common Equity(A)		12.59	%		15.36	%		12.23	%		15.03	%		15.81	%		13.42	%		14.79	%


	Three Months Ended															Nine Months Ended
	2026									2025						2026			2025
(Dollars in thousands, except share and per share data)	September 30			June 30			March 31			December 31			September 30			September 30			September 30

Net Income as adjusted (non-GAAP)
Net income	$	19,004		$	21,987		$	16,368		$	17,898		$	18,057		$	57,359		$	48,393
Pre-tax adjustments:
Acquisition-related accelerated amortization on loan fair value marks		637			228			549			-			-			1,414			-
Gain on sale of factored receivables		-			(3,463	)		-			-			-			(3,463	)		-
Acquisition-related salaries and employee benefits		391			497			1,310			-			-			2,198			-
Acquisition-related other professional expense		2,179			130			1,276			505			-			3,585			-
Total pre-tax adjustments		3,207			(2,608	)		3,135			505			-			3,734			-
Tax-effect of adjustments		589			(479	)		576			85			-			686			-
Total adjustments after tax		2,618			(2,129	)		2,559			420			-			3,048			-
Net income as adjusted (non-GAAP)	$	21,622		$	19,858		$	18,927		$	18,318		$	18,057		$	60,407		$	48,393
Preferred stock dividends	$	1,197		$	1,184		$	1,171		$	1,197		$	1,197		$	3,552		$	3,553
Net income available to common shareholders as adjusted (non-GAAP)	$	20,425		$	18,674		$	17,756		$	17,121		$	16,860		$	56,855		$	44,840

Diluted earnings per share	$	0.93		$	1.08		$	0.88		$	1.02		$	1.03		$	2.90		$	2.77
Adjustments after-tax		0.13			(0.10	)		0.14			0.02			-			0.15			-
Diluted earnings per common share as adjusted (non-GAAP)	$	1.06		$	0.98		$	1.02		$	1.04		$	1.03		$	3.05		$	2.77

Return on average assets		1.13	%		1.34	%		1.08	%		1.36	%		1.41	%		1.19	%		1.32	%
Return on average assets as adjusted (non-GAAP)(A)		1.29	%		1.21	%		1.25	%		1.39	%		1.41	%		1.25	%		1.32	%
Return on average common equity as adjusted (non-GAAP)(A)		13.18	%		12.53	%		13.19	%		14.78	%		15.14	%		12.96	%		14.13	%
Return on average tangible common equity as adjusted (non-GAAP)(A)		14.44	%		13.79	%		14.29	%		15.41	%		15.81	%		14.18	%		14.79	%