#USA #Houston #share repurchase #Third Coast Bancshares #TCBX

Third Coast Bancshares Announces Share Repurchase Program for 2025

On June 17, 2025, Third Coast Bancshares, Inc. (NASDAQ: TCBX) officially unveiled a significant initiative aimed at enhancing shareholder value. The company’s Board of Directors has authorized a share repurchase program, which will enable the bank holding company to buy back up to $30 million of its common stock. This program is set to run until May 22, 2026, and marks an important step in the company's ongoing capital management strategy.

The approval from the Federal Reserve Bank of Dallas on June 16, 2025, sets the stage for this program. This non-objection is a crucial element for the company, indicating that it can proceed confidently with its repurchase plans. Third Coast Bancshares will have the flexibility to execute these repurchases through various means, including open market transactions at prevailing market prices, negotiated deals, and block trades.

The strategic timing and execution of each repurchase will be determined by the company's management and will consider several factors, including the financial performance of Third Coast, liquidity, capital status, the stock's market price, and overall economic conditions. This flexibility is essential for the company, as it allows management to respond dynamically to changing market environments and operational performance.

In essence, this share repurchase program is not merely a reactive measure but a proactive approach aimed at returning value to shareholders. Management has indicated that they anticipate varying market conditions, and therefore, the specifics surrounding each share repurchase—including price range, method, and target number of shares—will be thoughtfully planned.

Founded in 2008 in Humble, Texas, Third Coast Bancshares operates primarily in major markets such as Greater Houston, Dallas-Fort Worth, and Austin-San Antonio through its wholly owned subsidiary, Third Coast Bank. With 19 branches across these metropolitan areas, the bank represents a significant player in the Texas banking landscape. The announcement of the repurchase program signals the company's confidence in its financial strength and market position.

There remains potential for modifications to this program, as it allows for options of extension, suspension, or amendment, based on the evolving circumstances that the Board of Directors may encounter. This flexibility ensures that the company can adapt its strategies in the best interest of its shareholders.

The move is also reflective of broader trends in the banking industry, where institutions are increasingly looking to maintain strong relationships with shareholders by implementing their own forms of capital management strategies, including share repurchases, especially during uncertain economic times.

While forward-looking statements in this announcement emphasize expectations, the potential for variability always exists due to factors such as fluctuating interest rates, credit risk, and the economic landscape in real estate and banking. The company has cautioned stakeholders that actual results may significantly vary from projections, a reminder of the inherent uncertainties in financial markets.

For those seeking additional information regarding the share repurchase program or further inquiries, Third Coast Bancshares encourages reaching out via their communication channels. In summary, this $30 million share repurchase initiative not only indicates Third Coast’s strategic focus on enhancing shareholder value but also reflects an innovative approach toward capital management as it navigates the complexities of the banking landscape.