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Third Coast Bancshares, Inc. operates as a bank holding company for Third Coast Bank, SSB that provides various commercial banking solutions to small and medium-sized businesses, and professionals. The company's deposit products include checking, savings, individual retirement, and money market accounts, as well as certificates of deposit. It also offers commercial and industrial loans, such as equipment loans, working capital, auto finance, and commercial finance. In addition, the company provides treasury management consumer and commercial online banking services, mobile applications, safe deposit boxes, and wire transfer services, as well as debit cards. It operates through eleven branches in Greater Houston, Dallas-Fort Worth, and Austin-San Antonio; and one branch in Detroit, Texas. The company was founded in 2008 and is headquartered in Humble, Texas.

Third Coast Bancshares Dividend Announcement

• Third Coast Bancshares announced a annually dividend of $16.88 per ordinary share which will be made payable on 2023-04-17. Ex dividend date: 2023-03-30
• Third Coast Bancshares annual dividend for 2023 was $16.88
• Third Coast Bancshares's trailing twelve-month (TTM) dividend yield is -%
• Third Coast Bancshares's payout ratio for the trailing twelve months (TTM) is 13.00%

Third Coast Bancshares Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-03-30$16.88annually2023-04-17
2022-12-29$17.25annually2023-01-17

Third Coast Bancshares Dividend per year

Third Coast Bancshares Dividend Yield

Third Coast Bancshares current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Third Coast Bancshares stock? Use our calculator to estimate your expected dividend yield:

Third Coast Bancshares Financial Ratios

P/E ratio9.47
PEG ratio0.09
P/B ratio0.79
ROE8.72%
Payout ratio13.00%
Current ratio0.08
Quick ratio0.24
Cash Ratio0.07

Third Coast Bancshares Dividend FAQ

Does Third Coast Bancshares stock pay dividends?
Third Coast Bancshares does not currently pay dividends to its shareholders.
Has Third Coast Bancshares ever paid a dividend?
No, Third Coast Bancshares has no a history of paying dividends to its shareholders. Third Coast Bancshares is not known for its dividend payments.
Why doesn't Third Coast Bancshares pay dividends?
There are several potential reasons why Third Coast Bancshares would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Third Coast Bancshares ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Third Coast Bancshares has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Third Coast Bancshares a dividend aristocrat?
Third Coast Bancshares is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Third Coast Bancshares a dividend king?
Third Coast Bancshares is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Third Coast Bancshares a dividend stock?
No, Third Coast Bancshares is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Third Coast Bancshares stocks?
To buy Third Coast Bancshares you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Third Coast Bancshares stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.