Third Coast Bancshares Q3 net income rises, partly on strength in real estate loans

Third Coast Bancshares

21/10/2026 21:26

Overview
US commercial bank's Q3 net income rose year-over-year but fell from prior quarter
Diluted EPS for Q3 2026 was $0.93

Outlook
Company expects merger with Great Plains to strengthen franchise and support long-term earnings growth

Result Drivers
LOWER NONINTEREST INCOME - Co said reduced gain on sale of factored receivables and higher M&A expenses weighed on results
LOAN GROWTH - Real estate loans drove Q3 loan growth, partially offset by declines in municipal and other loans
DEPOSIT MIX - Co said increase in noninterest-bearing demand deposits improved funding base

Company press release: ID:nPnc2rNy2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.93
 
Q3 Net Income
 
$19 mln
 
Q3 Net Interest Income
 
$59.55 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Third Coast Bancshares Inc is $48.00, about 16.1% above its October 20 closing price of $41.35
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Oct 19 - Fifth Third Bancorp Q3 net interest income jumps on Comerica acquisition
Oct 20 - KeyCorp Q3 revenue rises 8% to record, profit up 24%
Oct 19 - ServisFirst Bancshares Q3 profit jumps on loan growth, wider interest margin 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)