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Third Coast Bancshares, Inc. (TCBX) stock analysis

TCBXNYSESavings Institutions, Not Federally CharteredFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 16/3011% below fair value
$39.89+0.31 (+0.78%)

Close on Nov 11, 2026Market cap $664.37MP/E 10.1Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value5Growth3Performance5Health3Dividend0

Solid16 of 30 checks passed

Third Coast Bancshares passes 16 of the 30 checks behind our score; 10 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
5/6
Growth
3/6
Past performance
5/6
Financial health
3/6
Dividend
0/6

What stands out

  • Trading below fair value

    The share price of $39.89 is below our fair value estimate of $44.96.

  • Earnings grew over 5 years

    Net income grew 40.5% a year on average over the last five fiscal years.

  • Revenue growing 10%+ a year

    Revenue grew 19.1% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 44.7% a year over the last three fiscal years.

What to watch

  • Margin of safety under 20%

    The price is 11.3% below fair value, less than the 20% cushion we look for.

  • Return on equity under 15%

    Return on equity was 12.7% over the last twelve months and averaged 8.7% over five years; we look for 15% on both.

  • Earnings growth not accelerating

    Net income grew 30.7% over the last twelve months, against a 5-year average of 40.5% a year.

  • No dividend

    Third Coast Bancshares has not paid a dividend in the last twelve months.

Valuation5/6

  • P/E below its 5-year median

    Third Coast Bancshares's P/E of 10.1 is below its own 5-year median of 11.7.

  • P/E below the industry

    Third Coast Bancshares's P/E of 10.1 is below the Savings Institutions median of 13.7.

  • P/S below the industry

    Third Coast Bancshares's price-to-sales of 2.81 is below the Savings Institutions median of 3.77.

  • P/B below the industry

    Third Coast Bancshares's price-to-book of 0.99 is below the Savings Institutions median of 1.04.

  • Trading below fair value

    The share price of $39.89 is below our fair value estimate of $44.96.

  • Margin of safety under 20%

    The price is 11.3% below fair value, less than the 20% cushion we look for.

Growth3/6

  • Revenue growing 10%+ a year

    Revenue grew 19.1% a year over the last three fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 44.7% a year over the last three fiscal years.

  • Earnings growth not accelerating

    Net income grew 30.7% over the last twelve months, against a 5-year average of 40.5% a year.

  • Growing faster than the industry

    Revenue grew 26.4% over the last twelve months; the Savings Institutions median is 9.0%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance5/6

  • Return on equity under 15%

    Return on equity was 12.7% over the last twelve months and averaged 8.7% over five years; we look for 15% on both.

  • Return on assets over 1%

    Return on assets was 1.3%; for a bank or insurer, 1% or more is considered good.

  • Return on equity above the industry

    Third Coast Bancshares's return on equity of 12.7% is above the Savings Institutions median of 6.1%.

  • Earnings grew over 5 years

    Net income grew 40.5% a year on average over the last five fiscal years.

  • Net margin above its 5-year average

    Net margin was 31.4% over the last twelve months, against a 5-year average of 21.8%.

  • Net margin above the industry

    Third Coast Bancshares's net margin of 31.4% is above the Savings Institutions median of 20.3%.

Financial health3/6

  • Well capitalized

    Equity is 10.0% of total assets; 8% or more is a comfortable cushion.

  • Loans funded by deposits

    Needs loans and deposits.

  • Adequate loan-loss reserve

    The allowance for credit losses is not reported.

  • Efficient operations

    Non-interest expense takes 58.4% of revenue; under 60% is efficient for a bank.

  • Deposits growing

    Deposits grew 36.8% over the past year.

  • Borrowings

    Needs debt and equity figures.

Dividend0/6

  • No dividend

    Third Coast Bancshares has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$44.96

The share price is 11% below this estimate.

20%+ below
Near fair value
20%+ above
$39.89Price
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E12.6×11.7×13.7×$49.8350%
P/B1.0×0.9×1.0×$40.0850%
Fair value$44.96100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 11.7
  • Savings Institutions median 13.7

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$4.60M
Value traded per 1% price move
$3.71M

Downside

Low risk

Typical loss in a bad month
11.9%
Volatility (annualized)
27%
Sharpe ratio, 1 year
0.09
Beta to the S&P 500 (5Y)
0.58

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2018 to 2025

Net margin

31.7%+14.6 pts over 5 years

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