Third Coast Bancshares, Inc. reported a solid financial performance for the second quarter of 2025, with net income reaching $16.7 million, a 55.1% increase from $10.8 million in the same period last year. For the first half of 2025, net income totaled $30.3 million, up 43.3% from $21.2 million in the prior year. The company’s total interest income increased by 9.2% to $88.7 million for the quarter, driven by growth in loans and investment securities, while interest expense decreased by 7.3% to $39.3 million, resulting in a net interest income of $49.4 million, a 27.1% increase year-over-year.
In terms of operational metrics, total loans increased to $4.08 billion as of June 30, 2025, reflecting a 2.9% growth from $3.97 billion at the end of 2024. This growth was primarily attributed to a $227.2 million increase in commercial and industrial loans, which offset a decline in real estate loans. The company’s total deposits decreased slightly to $4.28 billion, down 0.7% from $4.31 billion at the end of 2024, with a notable drop in noninterest-bearing deposits, which fell by 26.8% to $441 million.
Strategically, Third Coast Bancshares completed two significant securitizations totaling $250 million in the second quarter, enhancing its liquidity and capital management. The company also reported an increase in its allowance for credit losses to $40 million, or 0.98% of total loans, reflecting a proactive approach to managing credit risk amid changing economic conditions. The provision for credit losses for the first half of 2025 was $2.6 million, down from $3.5 million in the same period last year.
Looking ahead, Third Coast Bancshares remains focused on expanding its market presence in Texas, where it operates 19 branches across key metropolitan areas. The company is committed to maintaining its capital adequacy, with total shareholders' equity increasing to $496.1 million as of June 30, 2025, up from $460.7 million at the end of 2024. The bank continues to be classified as "well capitalized" under regulatory standards, positioning it well for future growth and investment opportunities.
About Third Coast Bancshares, Inc.
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