Third Coast Bancshares - Public Comps and Valuation Multiples

Third Coast Bancshares Overview

About Third Coast Bancshares

Third Coast Bancshares Inc is a bank holding company. It focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The bank operates eleven branches in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, and one branch in Detroit, Texas. The company operates through one segment, community banking, It generates the majority of its revenue from interest on loans, customer service, and loan fees.

Founded

2013

HQ

Employees

369

Website

tcbssb.com

Sectors

Commercial Banking

Financials

LTM Revenue $194M

Last FY EBITDA n/a

EV

$650M

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Third Coast Bancshares Financials

As of September 2025, Third Coast Bancshares reported last 12-month revenue of $194M.

In the same period, Third Coast Bancshares achieved $54.7M in LTM net income.

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Third Coast Bancshares P&L

In the most recent fiscal year, Third Coast Bancshares reported revenue of $170M.

Third Coast Bancshares expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$194M	XXX	$170M	XXX	XXX	XXX
Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
Gross Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBIT	$79.8M	XXX	n/a	XXX	XXX	XXX
EBIT Margin	41%	XXX	n/a	XXX	XXX	XXX
Net Profit	$54.7M	XXX	$47.7M	XXX	XXX	XXX
Net Margin	28%	XXX	28%	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Third Coast Bancshares including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $194M.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$194M	Analyst estimates available to subscribers	$170M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	n/a	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	n/a	Analyst estimates available to subscribers	NaN% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	n/a	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	n/a	Analyst estimates available to subscribers	NaN% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	$79.8M	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	41.2% EBIT margin	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	$54.7M	Analyst estimates available to subscribers	$47.7M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	28.2% net profit margin	Analyst estimates available to subscribers	28.0% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Third Coast Bancshares

This financial data table provides comprehensive performance metrics for Third Coast Bancshares, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Third Coast Bancshares generated $194M in revenue over the last twelve months.
Net income over the last twelve months reached $54.7M.

Fiscal Year Performance

In the most recent fiscal year, Third Coast Bancshares reported $170M in total revenue.
The company maintained a gross profit margin of NaN% in the most recent fiscal year.
EBITDA margin for the fiscal year was NaN%.
Net profit margin reached 28.0% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Third Coast Bancshares. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Third Coast Bancshares Stock Performance

Third Coast Bancshares has current market cap of $518M, and EV of $650M.

Market Cap Evolution

Third Coast Bancshares Stock Data

As of October 2, 2025, Third Coast Bancshares's stock price is $37.

See Third Coast Bancshares trading valuation data

EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$650M	$518M	XXX	XXX	XXX	XXX	$3.28

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Third Coast Bancshares Valuation Multiples

Third Coast Bancshares's trades at 3.8x EV/Revenue multiple, and n/a EV/EBITDA.

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Third Coast Bancshares Financial Valuation Multiples

As of October 2, 2025, Third Coast Bancshares has market cap of $518M and EV of $650M.

Equity research analysts estimate Third Coast Bancshares's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Third Coast Bancshares has a P/E ratio of 9.5x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$518M	XXX	$518M	XXX	XXX	XXX
EV (current)	$650M	XXX	$650M	XXX	XXX	XXX
EV/Revenue	3.4x	XXX	3.8x	XXX	XXX	XXX
EV/EBITDA	n/a	XXX	n/a	XXX	XXX	XXX
EV/EBIT	8.1x	XXX	n/a	XXX	XXX	XXX
EV/Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
P/E	9.5x	XXX	10.9x	XXX	XXX	XXX
EV/FCF	n/a	XXX	19.5x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Third Coast Bancshares Margins & Growth Rates

Third Coast Bancshares's last 12 month revenue growth is 9%

Third Coast Bancshares's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged n/a for the same period.

Third Coast Bancshares's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Third Coast Bancshares's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Third Coast Bancshares Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	9%	XXX	12%	XXX	XXX	XXX
EBITDA Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA Growth	n/a	XXX	n/a	XXX	XXX	XXX
Rule of 40	n/a	XXX	n/a	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	n/a	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.5M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	n/a	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	1%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	n/a	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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