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

Third Coast Bancshares

26/07/2023 23:46

* Third Coast Bancshares Inc  TCBX.OQ  reported quarterly
adjusted
earnings of 53 cents​​ per share for the quarter ended in June.
The mean expectation of four analysts for the quarter was
for earnings of 50 cents per share.
    * Revenue rose 25.4% to $36.38 million from a year ago;
analysts
expected $35.72 million. 
    * Third Coast Bancshares Inc's reported EPS for the quarter
was 53
cents​.
    * The mean earnings estimate of analysts had risen by
about 14.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * Third Coast Bancshares Inc shares had risen by 17.1% this
quarter and gained 0.9% so far this year.
    * The company reported quarterly net income of $8.89
million.
    * Wall Street's median 12-month price target for Third Coast
Bancshares Inc is $20.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.50           0.53           Beat
 Mar. 31 2023      0.42           0.55           Beat
 Dec. 31 2022      0.43           0.44           Beat
 Sep. 30 2022      0.33           0.49           Beat