Third Coast Bancshares (TCBX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Third Coast Bancshares

NYSE•Financial Services•Banks - Regional

$45.00-0.11(<0.01%)Market closed

Market Cap

$736.65M

P/E

9.9x

P/S

1.8x

P/B

1.1x

Third Coast Bancshares, Inc. operates as the bank holding company for Third Coast Bank that provides various commercial banking solutions to small and medium-sized businesses and professionals in Texas, the United States. The company's deposit products include checking, money market, savings, and individual retirement accounts, as well as certificates of deposit. Its loan portfolio consists of commercial and residential real estate loans; construction, development and other loans; commercial and industrial loans; and farmland, consumer, and agricultural loans, as well as lease financing and bond anticipation notes, as well as financial products and services. The company also provides retail and commercial online banking platforms, mobile banking apps, treasury management solutions, merchant card services, and customer digital solutions, as well as debit and credit cards. In addition, it offers state and municipal and mortgage-backed securities, agency collateralized mortgage obligations, the U.S. treasury bonds, and corporate bonds. The company was founded in 2008 and is headquartered in Humble, Texas.

How this company scores

WeakMetricSide Score: 75/100

Grade capped at D — Interest coverage below 1× (0.6x) — earnings cannot cover interest. Strongest: Profitability (23/25); weakest: Cash & Earnings Quality (12/25).

Profitability23/25

Growth22/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality12/25

Strengths

Growing revenueStrong marginsRising earningsLow leverage

Grade capped at D

Interest coverage below 1× (0.6x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.9x5y range 6.7x – 13.3x

Currently near its 16-quarter median.

P/S · 1.8x5y range 0.9x – 1.8x

Currently above its 16-quarter median.

P/B · 1.1x5y range 0.5x – 1.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Price & Volume

Market Cap $736.65M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $407.62M
Q. Revenue: $113.71M
TTM EBITDA: $97.23M
TTM Op. Income: $90.85M
Q. Op. Income: $27.50M
TTM Net Income: $74.31M
Q. Net Income: $21.99M
EPS: $1.25
Shares Out.: $16.59M

$407.62M in TTM revenue grew 16.9% YoY, reaching $113.71M last quarter. TTM EBITDA of $97.23M and TTM operating income of $90.85M show growth is flowing through to the bottom line. TTM net income of $74.31M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 59.8%
EBITDA Margin: 25.3%
Op. Margin: 24.2%
Net Margin: 19.3%

Op. margin of 24.2% is up 1.1% YoY — cost efficiency is improving. Net margin at 19.3% and gross margin of 59.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 5% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.9x
P/S Ratio: 1.8x
P/B Ratio: 1.1x

At 9.9x P/E, the stock trades below typical market levels. P/S of 1.8x and P/B of 1.1x provide additional context. P/E sits below typical market levels while revenue is growing. Over the past year, P/E is up 25% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.74B
Cash: $404.17M
Long-Term Debt: $81.07M
Book Value: $670.77M
D/E Ratio: 0.1
Debt/EBITDA: 2.8

With $6.74B in assets and $81.07M in long-term debt, D/E is 0.1and book value is $670.77M — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $44.96M
TTM Free Cash Flow: $15.78M
FCF Margin: 3.9%
FCF / Net Income: 0.2

TTM FCF of $15.78M on $44.96M in operating cash flow. The FCF / Net Income ratio of 0.2x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 62% — an improving trend.