Third Coast Bancshares (TCBX) Income Statement

Third Coast Bancshares reported revenue of $207.74M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 25.4% from $165.68M a year earlier. Net income was $66.29M, up 54.4% year over year, a net margin of 31.9%. Gross margin was 97.6% and operating margin 40.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $65.92M, down 27.5% from the same quarter a year earlier.

Third Coast Bancshares Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Third Coast Bancshares, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Revenue & Gross Profit
Revenue	207.74	165.68	141.41	111.48	93.12	83.55	50.29
Cost of Revenue	164.16	173.30	133.34	49.69	19.99	21.91	17.60
Gross Profit	202.79	164.77	140.74	110.49	83.20	61.64	32.69
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	79.33	29.15	29.32	22.88	50.53	30.59	20.68
Operating Expenses	117.80	103.42	99.13	87.32	68.72	46.03	29.45
Operating Income	84.99	61.35	41.61	23.17	14.48	15.61	3.23
Other Income/Expense
Interest Income	354.03	328.36	266.54	153.95	100.62	82.24	49.93
Interest Expense	158.81	167.60	127.02	37.49	10.06	14.36	15.97
Other Income/Expense	-2.25	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	82.75	61.35	41.61	23.17	14.48	15.61	3.23
Income Tax Expense	16.45	13.68	8.21	4.51	3.06	3.49	0.85
Net Income	66.29	42.92	28.67	17.24	11.42	12.12	2.38
Net Income - Continuous Operations	66.29	47.67	33.40	18.66	11.42	12.12	2.38
Net Income - Discontinued Operations	-	-	-	-	-	-	-
EBITDA	90.04	4.62	3.95	2.56	14.21	15.69	4.10
EBIT	-	-	-	-	-	-	-
Depreciation & Amortization	4.75	4.62	3.95	2.56	-0.27	0.08	0.87
Earnings Per Share
Basic EPS	4.00	3.00	2.00	1.00	1.00	2.00	-
Diluted EPS	4.00	3.00	2.00	1.00	1.00	2.00	-
Basic Shares Outstanding	13.84	13.66	13.58	13.47	7.87	6.25	6.91
Diluted Shares Outstanding	17.48	17.13	16.88	13.75	8.14	6.34	7.12

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Third Coast Bancshares Financial Statements

What was Third Coast Bancshares's revenue in fiscal 2025?

Third Coast Bancshares reported revenue of $207.74M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 25.4% from $165.68M a year earlier.

Is Third Coast Bancshares profitable?

Yes. Third Coast Bancshares earned net income of $66.29M in fiscal 2025, a net margin of 31.9%. In fiscal 2024 it earned $42.92M.

What is Third Coast Bancshares's operating margin?

Third Coast Bancshares's operating income was $84.99M on revenue of $207.74M in fiscal 2025, an operating margin of 40.9%, compared with 37.0% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition