Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) 1Q26

Published: 2026-04-24 16:15:04 ET TCBX

Published on 04/24/2026 at 04:15 pm EDT

Dallas, Texas--(Newsfile Corp. - April 24, 2026) - Third Coast Bancshares, Inc. (NYSE: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. For 1Q26, Third Coast reported net income of $16.4M, or $1.03/$0.88 basic/diluted EPS, versus $17.9M and $1.21/$1.02 in 4Q25. The linked-quarter decline was primarily driven by approximately $3.3M of pre-tax Keystone-related merger expense, including elevated legal/professional fees and higher compensation tied to retention, sign-on, and discretionary bonuses. Even with that noise, profitability remained solid, with reported ROA of 1.08% and ROTCE of 12.23%; excluding merger expense, management indicated ROA would have been 1.25% and diluted EPS approximately $1.02. In our view, that points to better underlying earnings power than the headline EPS decline alone suggests.

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About StonegateStonegate 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 [email protected]

Source: Stonegate, Inc.

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