Third Coast Bancshares, Inc.
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 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 commercia… Read more
Third Coast Bancshares, Inc. (TCBX) - Net Assets
Latest net assets as of September 2025: $513.83 Million USD
Based on the latest financial reports, Third Coast Bancshares, Inc. (TCBX) has net assets worth $513.83 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.06 Billion) and total liabilities ($4.55 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $513.83 Million |
| % of Total Assets | 10.15% |
| Annual Growth Rate | 51.7% |
| 5-Year Change | 278.51% |
| 10-Year Change | N/A |
| Growth Volatility | 56.84 |
Third Coast Bancshares, Inc. - Net Assets Trend (2019–2024)
This chart illustrates how Third Coast Bancshares, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Third Coast Bancshares, Inc. (2019–2024)
The table below shows the annual net assets of Third Coast Bancshares, Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $460.72 Million | +11.83% |
| 2023-12-31 | $411.97 Million | +7.91% |
| 2022-12-31 | $381.78 Million | +27.68% |
| 2021-12-31 | $299.01 Million | +145.66% |
| 2020-12-31 | $121.72 Million | +112.41% |
| 2019-12-31 | $57.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Third Coast Bancshares, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 874.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $121.70 Million | 26.41% |
| Common Stock | $13.85 Million | 3.01% |
| Other Comprehensive Income | $4.51 Million | 0.98% |
| Other Components | $320.67 Million | 69.60% |
| Total Equity | $460.72 Million | 100.00% |
Third Coast Bancshares, Inc. Competitors by Market Cap
The table below lists competitors of Third Coast Bancshares, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JSE Limited
PINK:JSEJF
|
$490.29 Million |
|
Changshu Automotive Trim Co
SHG:603035
|
$490.33 Million |
|
Hangzhou Pinming Software Co. Ltd. A
SHG:688109
|
$490.48 Million |
|
Dril-Quip Inc
F:DQU
|
$490.49 Million |
|
Tatwah Smartech Co Ltd
SHE:002512
|
$489.89 Million |
|
JW Pharmaceutical Corp
KO:001067
|
$489.75 Million |
|
Shenzhen Yanmade Technology Inc
SHG:688312
|
$489.72 Million |
|
Shanghai Jinfeng Wine Co Ltd
SHG:600616
|
$489.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Third Coast Bancshares, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 411,974,000 to 460,719,000, a change of 48,745,000 (11.8%).
- Net income of 47,671,000 contributed positively to equity growth.
- Dividend payments of 4,749,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,575,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.67 Million | +10.35% |
| Dividends Paid | $4.75 Million | -1.03% |
| Other Comprehensive Income | $3.58 Million | +0.78% |
| Other Changes | $2.25 Million | +0.49% |
| Total Change | $- | 11.83% |
Book Value vs Market Value Analysis
This analysis compares Third Coast Bancshares, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.44x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.81x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $8.05 | $38.73 | x |
| 2020-12-31 | $19.19 | $38.73 | x |
| 2021-12-31 | $36.74 | $38.73 | x |
| 2022-12-31 | $27.76 | $38.73 | x |
| 2023-12-31 | $24.41 | $38.73 | x |
| 2024-12-31 | $26.89 | $38.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Third Coast Bancshares, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.35%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.10%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 10.73x
- Recent ROE (10.35%) is above the historical average (6.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 4.16% | 4.74% | 0.05x | 16.20x | $-3.35 Million |
| 2020 | 9.95% | 14.50% | 0.04x | 15.34x | $-56.80K |
| 2021 | 3.82% | 11.07% | 0.04x | 8.36x | $-18.48 Million |
| 2022 | 4.89% | 11.65% | 0.04x | 9.88x | $-19.52 Million |
| 2023 | 8.11% | 12.53% | 0.06x | 10.67x | $-7.80 Million |
| 2024 | 10.35% | 14.10% | 0.07x | 10.73x | $1.60 Million |
Industry Comparison
This section compares Third Coast Bancshares, Inc.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Third Coast Bancshares, Inc. (TCBX) | $513.83 Million | 4.16% | 8.85x | $490.13 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |