Third Coast Bancshares Reports Improved 2026 Second Quarter Financial Results
Third Coast Bancshares announced its 2026 second quarter financial results, highlighting increased net income and improved net interest margin. The company also reported significant growth in net interest income and its loan portfolio.
Houston, TX – Third Coast Bancshares, Inc. has released its financial results for the second quarter of 2026, demonstrating notable performance improvements. The company reported a net income of $22.0 million, or $1.08 per diluted share, a significant increase from the $16.4 million ( $0.88 per diluted share) reported in the first quarter of 2026 and $16.7 million ($0.96 per diluted share) from the second quarter of 2025.
A key driver of the improved earnings was a substantial rise in net interest income. This income grew by 12.4% compared to the first quarter of 2026 and 22.1% compared to the second quarter of 2025, reaching $60.3 million. The net interest margin for the quarter stood at 3.83%. This growth was supported by an expansion in the company's gross loans, which reached $5.44 billion as of June 30, 2026.
Operational efficiency saw a marked improvement, with the efficiency ratio decreasing to 56.51% from 66.06% in the previous quarter. This indicates more effective cost management. Additionally, Third Coast completed the sale of substantially all assets of its commercial capital division, recognizing a $3.5 million gain and entering into a revenue-sharing arrangement.
"Our second quarter results reflect continued execution across our core strategy," stated Bart Caraway, Founder, Chairman, President and CEO. He highlighted record diluted earnings per share, enhanced net interest income, disciplined expense management, and solid credit performance as key achievements.