#United States #Houston #Preferred Stock #Third Coast Bancshares #TCBX

Third Coast Bancshares Announces Quarterly Cash Dividend

In a significant financial move, Third Coast Bancshares, Inc. (NASDAQ: TCBX), the parent company of Third Coast Bank, has declared a quarterly cash dividend of $16.88 per share on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. This announcement was made by the company's Board of Directors on March 20, 2025, and the dividend payment is set to be made on April 15, 2025, to all shareholders on record as of the close of business on March 31, 2025.

About Third Coast Bancshares, Inc.

Third Coast Bancshares, Inc. has established itself as a prominent banking entity based in Texas. It primarily operates in key markets including Greater Houston, Dallas-Fort Worth, and Austin-San Antonio through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, the bank operates 19 branches in the four largest metropolitan areas across Texas. Their robust growth strategy has enabled them to not only enhance their service offerings but also expand their footprint in the state's dynamic banking sector.

The announcement of the quarterly cash dividend reflects the company's strong financial health and commitment to returning value to its shareholders, particularly amid a landscape of economic uncertainties and challenges that the banking industry often faces. The decision to issue dividends aligns with the company’s goal of rewarding its investors and demonstrating operational resilience.

Looking Ahead

While Third Coast Bancshares remains optimistic about its future, the company has acknowledged the potential risks and uncertainties that may affect its performance. Factors such as fluctuations in interest rates, changes in market conditions, and credit risks could pose challenges as they proceed with their financial strategies. In their public statements, they have indicated a strong commitment to maintaining important deposit relationships and growing their deposit base.

The company has also urged shareholders and potential investors to consider these risks when evaluating the company’s future outlook. Additionally, they provided assurances that despite the inherent uncertainties in the banking sector, the confidence in their operational strategies remains steadfast.

Conclusion

In conclusion, Third Coast Bancshares, Inc.'s decision to declare a quarterly dividend not only highlights its robust financial standing but also its dedication to enriching shareholder value. As the company prepares for the upcoming financial year, stakeholders will be keen to monitor its strategic maneuvers in response to the evolving economic landscape and its commitment to maintaining shareholder returns through consistent dividend payments.

For detailed information, you can visit their website at Third Coast Bank.