Stonegate Updates Coverage on Third Coast Bancshares, Inc. (NYSE: TCBX) 1Q26

<p class='reportable-dateline'><strong>DALLAS, TX -- April 24, 2026</strong></p><p class='reportable-excerpt'>DALLAS, TX -- April 24th, 2026 -- Third Coast Bancshares, Inc. (NYSE: TCBX): Stonegate Capital Partners updates their coverage on Third Coast Bancshares, Inc. For 1Q26, Third Coast reported net income of $16.4M, or $1.03/$0.88 basic/diluted EPS, versus $17.9M and $1.21/$1.02 in 4Q25. The linked-quarter decline was primarily driven by approximately $3.3M of pre-tax Keystone-related merger expense, including elevated legal/professional fees and higher compensation tied to retention, sign-on, and discretionary bonuses. Even with that noise, profitability remained solid, with reported ROA of 1.08% and ROTCE of 12.23%; excluding merger expense, management indicated ROA would have been 1.25% and diluted EPS approximately $1.02. In our view, that points to better underlying earnings power than the headline EPS decline alone suggests.</p><p>To view the full announcement, including downloadable images, bios, and more, <a href='https://stonegateinc.reportablenews.com/pr/stonegate-updates-coverage-on-third-coast-bancshares-inc-nyse-tcbx-1q26' class='reportable-link'>click here</a>.</p><div class='reportable-key-takeaways'><h3>Key Takeaways:</h3><ul><li>Keystone shifts the story from deal close to execution. The merger added meaningful scale, while most cost saves remain ahead and are expected to show up mainly in 2H26.</li><li>Headline EPS was pressured by merger costs, but underlying earnings held up. 1Q26 EPS declined q/q, but excluding Keystone-related merger expense, ROA would have been 1.25% and diluted EPS roughly $1.02.</li><li>Organic growth looks better than reported loan growth suggests. Keystone drove balance sheet growth, but ex-Keystone loan growth was still positive, with unusual early paydowns masking underlying momentum.</li></ul></div><a href='https://stonegateinc.reportablenews.com/pr/stonegate-updates-coverage-on-third-coast-bancshares-inc-nyse-tcbx-1q26'><img src='https://cdn.filestackcontent.com/8rH0BaeHQoaEGIiHy3mP' class='reportable-featured-image' /><p align='center'><i>Click image above to view full announcement.</i></p></a><hr class='company-boilerplate-rule' style='border: 0; border-top: 1px solid rgba(0,0,0,0.1);'><p class='company-boilerplate'><div><strong>About Stonegate</strong></div><div>Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.</div></p><div class='reportable-contacts'><h3>Contacts:</h3><p class='reportable-contact'>Stonegate Capital Partners<br>(214) 987-4121 <br><a href='mailto:info@stonegateinc.com'>info@stonegateinc.com</a></p></div><p>Source: <a href='https://stonegateinc.reportablenews.com/'>Stonegate, Inc.</a></p><p>Distributed by: <a href='https://reportablenews.com'>Reportable, Inc.</a></p>