TCBXThird Coast Bancshares, Inc.

Savings Institutions, Not Federally Chartered

Revenue: —
Operating margin: —
EBITDA: —
Market cap: $664M
Employees: 412
Net debt / EBITDA: —
AI in 10-K: 1.5; mentions per 10K words

Takeover score 2 of 13

Fixable underperformance 1 of 7

TSR below peersNo
—
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashYes
77% of net income
Cash flow under 80% of net income
Dilutive SBCNo
—
Over 10% of revenue
Payouts exceed cash flowNo
0% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyNo
1% of assets
Over 40% of assets
Shareholder dissentNo
95% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeNo
—
Bottom quartile of its SIC industry
Quiet on AINo
1.5 per 10K words · 45th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
—
More cash than debt, positive EBITDA
Buyout-sizedYes
$664M market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$75K net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Net income	$11M	$19M	$33M	$48M	$66M	39%
Operating cash flow	$5M	$22M	$39M	$35M	$51M	45%
Capex	$6M	$12M	$3M	$2M	—
Stock-based comp	$659K	$1M	$2M	$2M	$2M	5.4%

Deal filings

None.

13D filers

Filed	Filer	Form	Stake	Intent
Nov 20, 2024	Castle Creek Capital Partners VIII, LP	SC 13D/A	8.3%	Passive
Nov 13, 2024	Castle Creek Capital Partners VIII, LP	SC 13D/A	7.4%	Passive
Jun 15, 2023	Castle Creek Capital Partners VIII, LP	SC 13D/A	6.3%	Passive
May 8, 2023	Castle Creek Capital Partners VIII, LP	SC 13D/A	7.4%	Passive
Oct 7, 2022	Castle Creek Capital Partners VIII, LP	SC 13D	8.3%	Passive

Insider trading

Open-market buys, 12 mo: $93K · 3
Open-market sells, 12 mo: $167K · 4
Net: −$75K

Pay vs performance

No pay-versus-performance disclosure yet.