Third Coast Bancshares, Inc. reported a solid financial performance for the third quarter of 2025, with net income reaching $18.1 million, a 41.3% increase from $12.8 million in the same period last year. For the nine months ending September 30, 2025, net income totaled $48.4 million, up 42.6% from $33.9 million in 2024. The company’s total interest income increased by 11.8% to $92.5 million for the quarter, driven primarily by growth in loans, which rose to $4.17 billion, a 5% increase from $3.97 billion at the end of 2024. The net interest margin improved to 4.10%, compared to 3.73% in the prior year.
In terms of operational changes, Third Coast Bancshares has been actively expanding its loan portfolio, particularly in commercial and industrial loans, which saw a significant increase of $274.6 million, or 18.3%, from the previous year. The company also completed two securitizations totaling $250 million of revolving commercial real estate loans in 2025, which contributed to its overall asset growth. As of September 30, 2025, total assets stood at $5.06 billion, up from $4.94 billion at the end of 2024.
The company’s deposit base also showed growth, with total deposits increasing to $4.37 billion, a 1.4% rise from $4.31 billion at the end of 2024. However, noninterest-bearing deposits decreased by 25.3% to $450 million, while interest-bearing deposits increased by 5.8% to $3.92 billion. The company’s allowance for credit losses on loans was $42.6 million, or 1.02% of total loans, consistent with the previous year, reflecting a proactive approach to managing credit risk.
Looking ahead, Third Coast Bancshares has entered into a definitive merger agreement with Keystone Bancshares, which is expected to close in the first quarter of 2026, subject to regulatory approvals. This strategic move aims to enhance the company’s market presence and operational capabilities. The company remains focused on maintaining its capital adequacy, with total shareholders’ equity increasing to $513.8 million as of September 30, 2025, up from $460.7 million at the end of 2024. The company is classified as "well capitalized" under regulatory standards, ensuring it is well-positioned for future growth and stability.
About Third Coast Bancshares, Inc.
Third Coast Bancshares, Inc. is a Texas-based bank holding company providing commercial banking services to small and medium-sized businesses. Through its subsidiary, Third Coast Bank, it offers lending, deposit, and digital banking solutions across Texas markets and Detroit. The company emphasizes relationship-driven, personalized service, risk management, and regulatory compliance, operating with a diversified product portfolio and a focus on organic growth within its regional markets.
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