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

Third Coast Bancshares

25/10/2023 23:35

* Third Coast Bancshares Inc  TCBX.OQ  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of 49 cents per share.
    * Revenue rose 9.6% to $37.13 million from a year ago;
analysts
expected $37.15 million. 
    * Third Coast Bancshares Inc's reported EPS for the quarter
was 32
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Third Coast Bancshares Inc shares had fallen by 6.3% this
quarter and lost 13.1% so far this year.
    * The company reported quarterly net income of $4.39
million.
    * Wall Street's median 12-month price target for Third Coast
Bancshares Inc is $23.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
October 25 at 10:35 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.49           0.32           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