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

Third Coast Bancshares

25/01/2024 23:27

* Third Coast Bancshares Inc  TCBX.OQ  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 44 cents.  The mean expectation of
five analysts for the quarter was for earnings of 49 cents per
share. Wall Street expected results to range from 45 cents to 51
cents per share.
    * Revenue rose 16.5% to $39.49 million from a year ago;
analysts
expected $38.13 million. 
    * Third Coast Bancshares Inc's reported EPS for the quarter
was 57
cents​.
    * The company reported quarterly net income of $9.69
million.
    * Third Coast Bancshares Inc shares had fallen by 4.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.3%
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 4 "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 $20.00 
This summary was machine generated from LSEG data January 25 at
11:27 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.49           0.57           Beat
 Sep. 30 2023      0.49           0.32           Missed
 Jun. 30 2023      0.50           0.53           Beat
 Mar. 31 2023      0.42           0.55           Beat