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

Third Coast Bancshares

26/04/2023 22:42

* Third Coast Bancshares Inc  TCBX.OQ  reported quarterly
adjusted
earnings of 55 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 42 cents per share.
    * Revenue rose 29.2% to $34.73 million from a year ago;
analysts
expected $34.05 million. 
    * Third Coast Bancshares Inc's reported EPS for the quarter
was 55
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Third Coast Bancshares Inc shares had fallen by 15.9% this
quarter and lost 28.3% so far this year.
    * The company reported quarterly net income of $8.07
million.
    * Wall Street's median 12-month price target for Third Coast
Bancshares Inc is $21.00 
    * 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
April 26 at 09:42 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.42           0.55           Beat
 Dec. 31 2022      0.43           0.44           Beat
 Sep. 30 2022      0.33           0.49           Beat
 Jun. 30 2022      0.30           0.16           Missed