Third Coast Bancshares, Inc. Reports 2026 Third Quarter Financial Results
PR Newswire•21/10/2026•16:15 ET
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Key Highlights
- ➤Net income $19.0 million; diluted EPS $0.93 versus $1.08 in Q2
- ➤Adjusted diluted EPS $1.06, excluding $3.2 million acquisition-related expenses
- ➤Net interest margin fell to 3.70% from 3.83% sequentially
- ➤Gross loans reached $5.49 billion, up 31.9% year over year
- ➤Great Plains acquisition valued at approximately $239.6 million; closing expected Q1 2027
Expert Statements
Bart Caraway, Founder, Chairman, President, and Chief Executive Officer of Third Coast Bancshares, Inc.
“The third quarter reflects the underlying strength of our franchise and our continued focus on disciplined, relationship-driven growth. We saw healthy loan activity, continued progress in our funding base, stable credit performance, and another high in tangible book value per share. Additionally, our agreement to merge with Great Plains builds on the progress of our strategy and brings together two organizations with complementary strengths and shared values. We believe the transaction positions us to build an even stronger franchise capable of producing durable earnings and long-term stakeholder value.”
Third Coast Bancshares, Inc. Reports 2026 Third Quarter Financial Results PR Newswire
Solid 2026 Third Quarter Results While Advancing Long-Term Growth Strategy
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