Latest news with #ThirdCoast
Yahoo
5 days ago
- Business
- Yahoo
Third Coast Bancshares, Inc. Announces 2025 Share Repurchase Program
HOUSTON, June 17, 2025 /PRNewswire/ -- Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), today announced that its Board of Directors has authorized a new share repurchase program (the "Repurchase Program"). This Repurchase Program allows the Company to buy up to $30 million of its common stock and will expire on May 22, 2026. Non-objection from the Federal Reserve Bank of Dallas related to the Repurchase Program was received June 16, 2025. Under the Repurchase Program, Third Coast may periodically buy its shares through open market transactions at current market prices, privately negotiated deals, block trades, or other methods compliant with federal securities laws. The Repurchase Program can be extended, modified, amended, suspended, or halted at any time by Third Coast's Board of Directors and does not obligate the Company to repurchase its common stock. The specifics of each repurchase, such as the method, timing, target number of shares, and price range, will be determined by management and will depend upon a variety of factors, including Third Coast's capital status, liquidity, financial performance, alternative capital uses, the stock's market price, overall market and economic conditions, and relevant legal and regulatory requirements. For more information about the Repurchase Program or other inquiries, please contact TCBX@ About Third Coast Bancshares, Inc. Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, Third Coast Bank conducts banking operations through 19 branches encompassing the four largest metropolitan areas in Texas. Please visit for more information. Forward Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "looking ahead," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would" and "outlook," or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. There are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the following: interest rate risk and fluctuations in interest rates; market conditions and economic trends generally and in the banking industry; our ability to maintain important deposit relationships; our ability to grow or maintain our deposit base; our ability to implement our expansion strategy; our ability to pay dividends on our Series A Convertible Non-Cumulative Preferred Stock; credit risk associated with our business; economic conditions affecting the real estate market; prepayment risks associated with commercial real estate loans; liquidity risks in the securitization market; operational risks related to the administration of securitized assets; and changes in key management personnel. For a discussion of additional factors that could cause our actual results to differ materially from those described in the forward-looking statements, please see the risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC"), and our other filings with the SEC. The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this press release. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Contact:Ken Dennard / Natalie HairstonDennard Lascar Investor Relations(713) 529-6600TCBX@ View original content: SOURCE Third Coast Bancshares
Associated Press
25-04-2025
- Business
- Associated Press
Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q1 2025
Dallas, Texas--(Newsfile Corp. - April 25, 2025) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. For 1Q25, Third Coast reported net income of $13.6M, virtually flat from $13.7M in 4Q24. This was equal to a basic and diluted EPS of $0.90 and $0.78, respectively. The Q/Q stability was primarily attributed to higher net interest income, driven by steady loan growth and strong asset quality. However, this increase was partially offset by a slightly higher provision for credit losses and rising expenses related to salaries, employee benefits, and seasonal expenses. We anticipate that the Company will continue prioritizing operational efficiency by sustaining its 1% improvement initiative, though the securitization is expected to impact this. This strategy is expected to support Third Coast in the current macroeconomic landscape. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: [ This image cannot be displayed. Please visit the source: ] Click image above to view full announcement. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies. Contacts: Stonegate Capital Partners (214) 987-4121 [email protected] Source: Stonegate, Inc. To view the source version of this press release, please visit
Chicago Tribune
11-04-2025
- Entertainment
- Chicago Tribune
Review: Twyla Tharp Dance celebrates 60 years with something old, something new in stunning night at the Harris
It starts where 'In the Upper Room' ends. The opening image of Twyla Tharp's newest dance, 'Slacktide,' is a single dancer, facing upstage, a beam of white light illuminating only his forearm. He slowly, methodically, closes his fist and draws his elbow down toward his waist. It's a fist pump. A transposition of the final moment in Tharp's 1986 tour de force. For 'Slacktide' — which forms the back half of Tharp's 60 th anniversary 'Diamond Jubilee' running through Saturday at the Harris Theater — the prolific choreographer revisited composer Philip Glass for the first time since 'In the Upper Room.' A thrilling interpretation of Glass' 1999 half-hour score 'Aguas da Amazonia' has been realized by Chicago-based Third Coast Percussion, who play live at the Harris with Chicago flutist Constance Volk. Third Coast, by the way, is celebrating a milestone of its own, releasing a 20 th anniversary album Friday with works by Jlin, Tigran Hamasyan, Zakir Hussain, Jessie Montgomery and Musekiwa Chingodza. 'Aguas da Amazonia' came out on CD and vinyl earlier this year, with original cover art by Volk. 'Slacktide's' ensemble, save that lone, fist-pumping dancer, enters from stage left. Hands lead the way, appearing disembodied for a tongue-in-cheek moment that can't last. Ten silky smooth dancers slither onstage, translating the undulating waves of Third Coast's sound — a mixed pallet drawing from Glass' original piano score and the Brazilian group Uakti, who were first to record 'Aguas da Amazonia' in 2006. It's a fascinating instrumentation — two marimbas, including one made of glass; tuned PVC pipes and cowbells; Norwegian and African drums; flute; synthesizers and maybe a few more things I'm missing. Glass was inspired by the Amazon's rivers in making this music. Pro forma for Tharp, 'Slacktide' is not at all about that. Her own instrumentation is her iconoclastic blend of classic and contemporary vocabulary oscillating between presentational formality and pedestrian nonchalance. 'Slacktide' asks a lot of its dancers, a young and exceptional ensemble of freelancers whose resumes collectively include Miami City Ballet, Limon, Gibney Company, Mark Morris Dance Group, Kansas City Ballet, English National Ballet, and the list goes on. Indeed, they are a terrific group — placed in a stunningly rich container by lighting designer Justin Townsend. Costume designer Victoria Bek's black-on-black separates balance Townsend's deeply saturated, high-definition color pallet — the exact opposite of his understated shifts in mood employed during the concert's first hour. That's 'Diabelli,' an exhaustive exploration of all 33 of Ludwig van Beethoven's variations on a waltz by one of Beethoven's contemporaries, Antonin Diabelli. Like Beethoven, Tharp creates a utilitarian theme as a jumping-off point for mostly jovial dalliances between gaggles of dancers and a rather pleasant power struggle between the dancers, pianist Vladimir Rumyantsev, who plays live from the orchestra pit — and the audience. There's enough of a pause between several of the variations to feel compelled to clap, but not quite enough room to feel good about having done so. It's quintessential Tharp, exploring the innards of a brilliant piece of music in ways both playful and serious. In moments, it's literal child's play: high fives, leapfrog, Red Rover, Ring Around the Rosie, cartwheels and somersaults. Tharp disassociates Beethoven's rhythmic and melodic structures from their 1820s roots, finding the piece jazzy enough for a jitterbug and folksy enough for a mazurka. And apart from its faux tuxedo unitards, 'Diabelli' could be mistaken for having been made yesterday until you place it side-by-side with shiny new 'Slacktide.' That's not to say either piece looks exactly like what other choreographers are making now. Hers is a singular voice. Serious and silly. Classic and contemporary. Rigorous and rule breaking. Tharp is a genre. She is her own category of dance. 1 of Twyla Tharp Dance's 60th anniversary 'Diamond Jubilee' performance at the Harris Theater in Chicago is accompanied by Chicago-based Third Coast Percussion and flutist Constance Volk. (Kyle Flubacker) I recall being pretty unimpressed 10 years ago when the company toured the Auditorium for their 50 th anniversary. Why make something new (and frankly unremarkable), I thought, when such a milestone begs for a nostalgic gaze at some of the more iconic works from Tharp's catalog: 'Push Comes to Shove' (1976), 'Baker's Dozen' (1979), 'Deuce Coupe' (1973), 'The Fugue' (1970) and 'In the Upper Room,' for example. Lately, Tharp has seemed more willing to revisit the past. In 2017, she excavated original notes from some of her first dances. A few years ago, she restaged 'In the Upper Room' and 'Nine Sinatra Songs.' And she obviously doesn't resist the urge here in ways both literal and abstract. In a recent interview with the Tribune, she said she picked 'Diabelli' because 'it's a difficult piece to remount and I knew if I didn't put it up, it would get lost.' But it's as though Tharp, who perhaps more than any living choreographer has nothing left to prove, can't rest on her laurels. On Thursday, she did not bow with her company, letting them have all the praise. She made a new dance for her 60 th anniversary because making dances is her job. And she does it better than anyone. Lauren Warnecke is a freelance critic. When: 7:30 p.m. Friday and 2 p.m. Saturday Where: Harris Theater for Music and Dance, 205 E. Randolph St.
Associated Press
27-01-2025
- Business
- Associated Press
Stonegate Updates Coverage on Third Coast Bancshares, Inc. (TCBX) Q4 2024
Dallas, Texas--(Newsfile Corp. - January 27, 2025) - Third Coast Bancshares, Inc. (NASDAQ: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. For 4Q24, Third Coast reported net income of $13.7M, up from $12.8M in 3Q24. This was equal to a basic and diluted EPS of $0.92 and $0.79, respectively. The Q/Q growth was primarily attributed to higher net interest income, driven by loan growth and increased investments in federal funds sold and interest-bearing deposits with correspondent banks. However, this increase was partially offset by a slightly higher provision for credit losses and rising expenses related to salaries and employee benefits. We anticipate that the Company will continue prioritizing operational efficiency by sustaining its 1% improvement initiative. This strategy is expected to support Third Coast in the current macroeconomic landscape. To view the full announcement, including downloadable images, bios, and more, click here. Key Takeaways: Reported net income of $13.7M, up from $12.8M in 3Q24. The Company's loan portfolio continues to show strong growth, with an increase of $327.6M year over year. The efficiency ratio for the quarter was 58.80%, an improvement from59.57% last quarter. About Stonegate Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies. Contacts: Stonegate Capital Partners
