TCBX Earnings Prediction
The chart below shows how TCBX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TCBX sees a -1.95% change in stock price 10 days leading up to the earnings, and a +7.48% change 10 days following the report. On the earnings day itself, the stock moves by -0.32%. This data can give you a slight idea of what to expect for the next quarter's release.
TCBX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
46.07M
16.79%
7.65%
Gross Margin
--
--
--
Operating Margin
39.32%
28.08%
2.05%
Net Margin
29.81%
21.38%
-0.13%
EPS
0.72
44.00%
7.46%
No Data Available
TCBX Earnings Analysis
Third Coast Bancshares Inc Corporation (TCBX.O) Earnings Conference Call
Positive
Net Interest Income Growth: 14 consecutive positive quarters of net interest income growth, with Q4 net interest income at $43.4 million, a 7.6% increase from Q3 and a 16.4% increase year-over-year.
Loan Growth Performance: Q4 loan growth rose by $76.6 million (2%), with full-year loan growth at $327.6 million (9%).
Deposit Growth Increase: Deposits increased by $316 million (7.9%) in Q4, with full-year growth of $507.4 million (13.3%).
Efficiency Ratio Improvement: Improved efficiency ratio to 58.8% in Q4, exceeding the internal target of below 60% for the second consecutive quarter, reflecting effective cost management and operational excellence.
Net Income Surge: Net income for the year reached $47.7 million, a 42.7% increase from the previous year's total of $33.4 million, translating to $3.14 per share.
Negative
Decline in Credit Quality: Non-performing loans to total loans ratio increased to 0.7% in Q4 from 0.62% in Q3, indicating a decline in credit quality.
Loan Performance Deterioration: Net charge-offs for Q4 were $879,000, or 0.09% of average loans, compared to $1,500,000 or 0.17% for the same period last year, reflecting a deterioration in loan performance despite a decrease in charge-offs year-over-year.
Rising Operational Costs: Other non-interest expenses rose by 4% year-over-year in Q4, primarily due to increased salary expenses from new hires and bonuses, indicating rising operational costs.
Efficiency Ratio Analysis: The bank's efficiency ratio was reported at 58.8%, which, while below the 60% target, reflects a slight increase in expenses that could pressure future profitability.
Deposit Stability Concerns: A significant customer left the bank shortly after year-end, reducing non-interest bearing demand deposits from $600 million to approximately $500 million, highlighting potential volatility in deposit stability.
TCBX FAQs
How does TCBX typically perform around its earnings report dates?
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TCBX Earning Call Sentiment
Earnings call transcript: Third Coast Bancshares Q4 2024 earnings beat expectations
TCBX.O
-1.73%Positive
The earnings call presents a mixed outlook. Positive factors include strong net income growth, improved efficiency ratio, and stable fee income. However, concerns arise from increased non-performing loans, competitive pressures, and operational risks related to technology transition. The lack of clear guidance on shareholder returns and the indifference to Fed rate cuts add uncertainty. The Q&A reveals management's cautious approach and unclear responses on certain risks. Without a market cap, it's challenging to predict a strong reaction, leading to a neutral sentiment on stock price movement.
