“Third Coast’s first quarter results delivered impressive growth across various performance indicators, including the expansion of our balance sheet, improved profitability, and increased operational efficiencies, through prudent expense management,” said Bart Caraway, Chairman, President, and CEO of Third Coast. “Growth in assets, loans, and deposits represented records for the Company, ending the quarter at $4.66 billion in total assets. These results underscore the dedication and hard work of our team as well as our success in aligning the Company’s growth initiatives with strategic vision and investor objectives.” “As we look ahead, our steadfast focus remains on steering the Company towards its strategic goals within the context of the 2024 economic and operational environment. We will continue to execute on a well-balanced business model by generating strong asset growth and maintaining solid credit quality, while improving our efficiency ratio. We have full confidence in the adaptability and proficiency of our team to navigate challenges and capitalize on opportunities as we advance through the year. Through a culture that prioritizes innovation and collaboration, Third Coast is committed to offering a high-quality product portfolio, pursuing an excellent customer experience and delivering shareholder value,” Caraway concluded.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCBX:
- Third Coast Bancshares, Inc. Reports 2024 First Quarter Financial Results
- Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock
- Third Coast Bancshares Boosts CFO Severance Package
- Third Coast Bancshares Shifts to Texas Banking Association
- Third Coast Bancshares announces conversion to state-chartered bank
