Third Coast Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

• Third Coast Bancshares Inc TCBX.OQ reported quarterly adjusted earnings of 79 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of five analysts for the quarter was for earnings of 68 cents per share. Wall Street expected results to range from 62 cents to 71 cents per share.

• Revenue rose 17.3% to $46.31 million from a year ago; analysts expected $43.90 million.

• Third Coast Bancshares Inc's reported EPS for the quarter was 79 cents​.

• The company reported quarterly net income of $12.54 million.

• Third Coast Bancshares Inc shares had fallen by 1.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 24.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Third Coast Bancshares Inc is $34.00

This summary was machine generated from LSEG data January 22 at 10:51 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)