Third Coast Bancshares (TCBX) investor relations material

Executive summary

• Q3 net income was $19.004 million and diluted EPS was $0.93; adjusted net income was $21.6 million, excluding $3.2 million of acquisition-related expenses.

• Loans and deposits grew QoQ, noninterest-bearing deposits reached 12.2% of deposits, and tangible book value per share rose to $33.31.

• Great Plains Bancshares merger plans would expand Dallas presence, enter Oklahoma, and create a franchise with approximately $9 billion in assets.

Financial highlights

• Net income was $19.004 million versus $21.987 million in Q2 2026 and $18.1 million in Q3 2025; diluted EPS was $0.93 versus $1.08 and $1.03.

• Net interest income was $59.5 million, down 1.2% QoQ and up 17.1% YoY; net interest margin was 3.70%, versus 3.83% and 4.10%.

• At September 30, total assets were $6.806 billion, loans $5.494 billion, and deposits $5.925 billion.

• Gross loans rose $57.1 million QoQ; growth exceeded $144 million excluding $87 million of securitized loans.

• Noninterest income was $6.3 million and noninterest expense was $41.6 million; income included a $3.5 million gain on sale of factored receivables.

Outlook and guidance

• Q4 net interest margin is expected to rise; 3.80 was cited as a planning level, with potential to outperform.

• Loan growth guidance was unchanged, with capacity for approximately $100 million of Q4 growth alongside a likely late-quarter securitization.

• Quarterly fee-income outlook increased to $5 million, supported by treasury, swap, and loan-fee activity; loan-related fees may be lumpy.

• Great Plains closing is expected in Q1 2027, with roughly 50% of expected cost savings slated for 2027, dependent on conversion timing.