第三海岸银行控股公司2025年季度报告

For the quarterly period endedMarch 31,2025OR THIRD COAST BANCSHARES, INC.(Exact name of registrant as specified in its charter) 20202 Highway 59 North,Suite 190Humble,Texas (Address of principal executive offices) If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ As of April 30, 2025, the registrant had13,833,289shares ofcommon stock, par value $1.00 per share, outstanding. FINANCIAL INFORMATION Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities Other InformationExhibits iSignatures “projection,” “would” and “outlook,” or the negative version of those words or other comparable words or phrases of a future orforward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by theirnature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements arenot guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Althoughwe believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results mayprove to be materially different from the results expressed or implied by the forward-looking statements.There are or will be important factors that could cause our actual results to differ materially from those indicated in theseforward-looking statements, including, but not limited to, the following:•interest rate risk and fluctuations in interest rates; •our geographic concentration in the Greater Houston market, Dallas-Fort Worth market, and Austin-San Antoniomarket; •changes in the economy affecting real estate values and liquidity; •changes in value of the collateral securing our loans;•credit risk associated with our business;•credit risks associated with our real estate and construction lending;•the adequacy of our allowance for credit losses;•the amount of nonperforming and classified assets that we hold; •the risk of fraud related to our asset-based lending and commercial finance products; •additional debt or future issuances of new debt securities or preferred stock; •our ability to raise additional capital in the future; •changes in key management personnel; •the accuracy of the valuation techniques we use in evaluating collateral; •competition from financial services companies and other companies that offer banking services; •systems failures, fraudulent activity, interruptions or data breaches involving our information technology andcommunications systems of third parties; •natural disasters, pandemics, epidemics and other catastrophes; •changes in the laws, rules, regulations, interpretations or policies relating to financial institution, accounting, tax, trade, monetary and fiscal matters; •the rise of Artificial Intelligence as a commonly used resource in banking; •the sustainment of an active, liquid market for our common stock; •fluctuations in the market price of our common stock; and•other factors that are discussed in “Part II – Other Information – Item 1A. Risk Factors.” included in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and ExchangeCommission on March 5, 2025. If one or more events related to these or other risks or uncertainties materialize, or if our underlyingassumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly, you should not place made, and we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result ofnew information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predictwhich will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or Reclassification for net losses (gains) realized through the sale of securities, netOther comprehensive income (loss) on securities 4Unrealized holding gain arising during the period, net of tax1,707Gain on termination of derivative instruments, net of tax360Reclassification adjustment for accretion of gain on terminated cash flow hedgesrecorded in interest expense during the period, net of tax(600)Other comprehensive income on derivatives1,467Total other comprehensive income5,833Total comprehensive income$19,422$12,303The accompanying notes are an integral part of these consolidated financial statements. Nature of Operations Third Coast Bancshares, Inc. (“Bancshares”), through its subsidiary, Third Coast Bank, a Texas banking association (the “Ban