Stonegate Capital Partners has updated its coverage on Third Coast Bancshares, Inc. (NYSE:TCBX) following the company's fourth quarter 2025 earnings report. For 4Q25, Third Coast reported net income of $17.9 million, compared to $18.1 million in the third quarter of 2025 and $13.7 million in the same period a year ago. Basic and diluted earnings per share were $1.21 and $1.02, respectively.
The modest sequential decline was primarily driven by merger-related legal and professional expenses and higher salaries and benefits. These costs were partially offset by higher net interest income (NII) and an increase in non-margin loan fees. The company continues to prioritize operational efficiency, though near-term expense levels may remain somewhat noisy through the early stages of Keystone's integration.
Key takeaways from the report include the confirmation that the merger remains on track. Net interest margin (NIM) held steady at 4.10%. Additionally, the company increased the low end of its deposit growth range. For more details, view the full announcement here.
Third Coast Bancshares, Inc. (NYSE:TCBX) is a financial holding company headquartered in Dallas, Texas. The company provides a range of banking services through its subsidiary, Third Coast Bank. The updated coverage from Stonegate Capital Partners provides investors with insights into the company's financial performance and strategic outlook.
