SecBot SecBot
8-K ·Filed Oct 21, 2026

TCBX

Third Coast Bancshares, Inc.
MIXED
Impact 6/10
Horizonweeks Processed5d 9h ago SEC0001193125-26-427892
8-K Item 2.02: Earnings release
Actionable Insight ◆ Mixed

The GAAP miss is largely noise from acquisition-related costs that will recur through the Great Plains deal close. The adjusted EPS of $1.06 beat the Street consensus of $0.98, and the Great Plains acquisition provides a clear near-term catalyst. Watch for the S-4 filing and shareholder vote timeline — deal closure in Q1 2027 would add ~$1B in assets and expand the Texas footprint. The NIM compression trend (3.70% vs 4.10% YoY) bears monitoring as loan yields continue to decline.

DirectionMixed
Confidencehigh
Horizonweeks
Latest settled — T+1d ⚠ clustered
TCBX ▼ -0.50% at T+1d
NEUTRAL call -0.50% · α vs SPY +0.02% · entry $40.00 → $39.80
Next anchor: T+5d tomorrow
Entry = T+0 close
Oct 21, 2026
via day close
T+1d
-0.50%
call -0.50% · α +0.02%
$39.80
settled 5d ago
T+5d
Pending
tomorrow
T+20d
Pending
in 22d
T+60d
Pending
in 3mo

Price Chart

Loading chart...

Executive Summary

Third Coast Bancshares reported Q3 2026 GAAP diluted EPS of $0.93, missing the $1.02 consensus by 8.8%, while net interest income declined 1.2% QoQ to $59.5M and the NIM compressed 13bp to 3.70%. The earnings miss was driven by $3.2M in acquisition-related costs and the absence of a $3.5M gain on sale of factored receivables that boosted Q2. However, the company concurrently announced a definitive merger to acquire Great Plains Bancshares for ~$239.6M in stock, expected to close in Q1 2027, which provides a strategic growth catalyst. The combination of a GAAP earnings miss with a transformative M&A announcement creates a mixed picture — the miss reflects integration costs from the Keystone merger, while the Great Plains deal signals continued expansion in Texas.

Key Financial Metrics

EPS
$0.93
est $1.02 · -8.8%
Rating
miss

Key Facts

  • GAAP diluted EPS of $0.93 missed consensus of $1.02 by 8.8%
  • Net income of $19.0M was down 13.6% QoQ from $22.0M in Q2 2026
  • Net interest margin compressed to 3.70% from 3.83% QoQ and 4.10% YoY
  • Net interest income fell 1.2% QoQ to $59.5M
  • Noninterest expense rose to $41.6M from $38.4M QoQ, driven by $3.2M in M&A costs
  • Adjusted diluted EPS (non-GAAP) was $1.06, above the $0.98 Street consensus
  • Announced all-stock acquisition of Great Plains Bancshares valued at ~$239.6M, expected to close Q1 2027
  • Gross loans grew 1.1% QoQ to $5.49B; deposits grew 1.2% QoQ to $5.92B
  • Tangible book value per share rose to $33.31 from $33.08 QoQ
  • Nonperforming loans to total loans was 0.53%, up from 0.50% QoQ

Financial Impact

GAAP EPS miss of ~$0.09 vs consensus; adjusted EPS beat of ~$0.08 vs Street; $239.6M all-stock acquisition announced

epsnet interest incomenet interest marginnoninterest expenseacquisition-related costs

Risk Factors

  • NIM compression from declining loan yields (6.95% vs 7.79% YoY) and rising deposit costs
  • Integration risk from back-to-back acquisitions (Keystone + Great Plains) within 12 months
  • Dilution from all-stock Great Plains deal — share count will increase materially
  • Nonperforming loans rising to $29.0M from $21.7M YoY
  • Efficiency ratio deteriorating to 63.10% from 53.03% YoY due to M&A costs

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-427892
Document: tcbx-20261021.htm0001193125-26-427892
Document: tcbx-ex99_2.htm0001193125-26-427892
Document: 0001193125-26-427892-index-headers.html0001193125-26-427892
Document: 0001193125-26-427892-index.html0001193125-26-427892
Document: 0001193125-26-427892.txt0001193125-26-427892
8-K Data (Synthetic)0001193125-26-427892
16 reports for TCBX
Performance horizon
100% Hit rate @ T+1 7 of 7 directional calls Went positive at some point 7 of 7 best @ T+20▲ +6.84%Jul 22, 2026
Filters
Rows
Reports for TCBX — sortable, filterable
TypeNow
Oct 23, 2026
3d ago
425
NEUTRAL ★ 5/10
$39.80awaiting T+1—$40.12 (+0.80%)
Oct 21, 2026
5d ago
425
BEARISH ★ 6/10
$40.00 $39.80▲ +0.50%▼ −0.02%$40.12 (−0.30%)
Oct 21, 2026
5d ago
8-K
MIXED ★ 6/10
$40.00 $39.80▼ −0.50%▲ +0.02%$40.12 (+0.30%)
Oct 13, 2026
13d ago
425
BULLISH ★ 6/10
$41.20 $41.40▲ +0.49%▲ +0.20%$40.12 (−2.62%)
Oct 13, 2026
13d ago
8-K
BULLISH ★ 6/10
$41.20 $41.40▲ +0.49%▲ +0.20%$40.12 (−2.62%)
Oct 9, 2026
17d ago
425
NEUTRAL ★ 4/10
$41.70 $41.78▲ +0.19%▲ +0.20%$40.12 (−3.79%)
Oct 9, 2026
17d ago
425
NEUTRAL ★ 4/10
$41.70 $41.78▲ +0.19%▲ +0.20%$40.12 (−3.79%)
Oct 7, 2026
19d ago
425
BULLISH ★ 6/10
$41.27 $41.77▲ +1.21%▲ +1.63%$40.12 (−2.79%)
Oct 7, 2026
19d ago
8-K
BULLISH ★ 6/10
$41.27 $41.77▲ +1.21%▲ +1.63%$40.12 (−2.79%)
Sep 18, 2026
5w ago
8-K
NEUTRAL ★ 2/10
$44.05 $43.56▼ −1.11%▼ −1.10%$40.12 (−8.92%)
Showing 10 of 16

US Market Status

Market Closed — Opens in 7h 39m

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers
Report published Oct 21, 2026