# EDGAR Filing Document

**Accession Number:** 0001781730
**File Stem:** 0000950170-25-081399
**Filing Date:** 2025-6
**Character Count:** 15727
**Document Hash:** d2522187a2ce56b6a596b3ce61d33dc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950170-25-081399.hdr.sgml**: 20250604

**ACCESSION NUMBER**: 0000950170-25-081399

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 12

**CONFORMED PERIOD OF REPORT**: 20250603

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250604

**DATE AS OF CHANGE**: 20250604

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Third Coast Bancshares, Inc.
- **CENTRAL INDEX KEY:** 0001781730
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 462135597
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41028
- **FILM NUMBER:** 251021946

**BUSINESS ADDRESS:**
- **STREET 1:** 20202 HIGHWAY 59 NORTH
- **STREET 2:** SUITE 190
- **CITY:** HUMBLE
- **STATE:** TX
- **ZIP:** 77338
- **BUSINESS PHONE:** 2814467000

**MAIL ADDRESS:**
- **STREET 1:** 20202 HIGHWAY 59 NORTH
- **STREET 2:** SUITE 190
- **CITY:** HUMBLE
- **STATE:** TX
- **ZIP:** 77338

?xml version='1.0' encoding='ASCII'? 8-K

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549**

------

## **FORM** 8-K

------

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported):** June 03, 2025<br>

------

THIRD COAST BANCSHARES, INC.

**(Exact name of Registrant as Specified in Its Charter)**

------

---

| | | |
|:---|:---|:---|
| Texas | 001-41028 | 46-2135597 |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission File Number)** | **(IRS Employer<br>Identification No.)** |
| 20202 Highway 59 North<br>Suite 190 |  |  |
| Humble**,** Texas |  | 77338 |
| **(Address of Principal Executive Offices)** |  | **(Zip Code)** |

---

**Registrant's Telephone Number, Including Area Code:** 281 446-7000<br>

Not Applicable

**(Former Name or Former Address, if Changed Since Last Report)**

------

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities registered pursuant to Section 12(b) of the Act:**

---

| | | |
|:---|:---|:---|
| **<br>Title of each class** | **Trading<br>Symbol(s)** | **<br>Name of each exchange on which registered** |
| Common stock, par value $1.00 per share | TCBX | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

## **Item 8.01 Other Events.** 
On June 3, 2025, Third Coast Bank, a Texas banking association (the "Bank") and a wholly owned bank subsidiary of Third Coast Bancshares, Inc. (the "Company"), entered into a $150 million securitization transaction of certain commercial real estate loans (the "Mortgage Loans") originated by the Bank.

The Bank created participation interests in the Mortgage Loans, certain of which were sold to EJF CRT 2025-2 Depositor LLC (the "Depositor"), who subsequently sold each Participation A-1 to EJF CRT 2025-2 LLC (the "Issuer"). The Bank retained the participation interests not sold to the Depositor.

The Issuer pledged its participation interests, representing the Issuer's pro rata economic interest in the Mortgage Loans, to U.S. Bank Trust Company, National Association (the "Indenture Trustee"), pursuant to an Indenture, dated as of June 3, 2025 (the "Indenture"), by and between the Issuer, the Indenture Trustee, the Bank, as servicer, and U.S. Bank National Association, as securities intermediary, and issued its Asset-Backed Notes, Series 2025-2, consisting of Class A-1 Notes and Class M-1 Notes. The Issuer sold the Class A-1 Notes to the Bank and the Class M-1 Notes to affiliates of the Depositor on June 3, 2025.

EJF Financial Debt Strategies GP LLC (the "Sponsor"), an affiliate of EJF Capital LLC, owns 100% of the equity interests in the Depositor, which in turn owns 100% of the beneficial equity interest in the Issuer. The Bank is not affiliated with the Sponsor, the Depositor or the Issuer.

It is expected that these transactions will reduce the Bank's risk-weighted assets as calculated under current risk-based capital rules. It is also expected that these transactions will reduce the ratio of loans for construction, land development and other land to the Bank's total capital, a measure used by the Bank's regulators to inform their supervisory approach to possible loan concentration risk. The Company believes these transactions improve the diversity of the Bank's on-balance sheet loan portfolio.

Cadwalader, Wickersham & Taft LLP acted as legal counsel to the Bank on these transactions.

A copy of the press release announcing these transactions is attached hereto as Exhibit 99.1 and is incorporated herein by reference, including the cautionary language regarding forward-looking statements.

## **Item 9.01 Financial Statements and Exhibits.** 
(d) Exhibits.

---

| | |
|:---|:---|
| Exhibit<br>Number | Description of Exhibit |
| 99.1 | [<u>Press Release dated June 4, 2025</u>](tcbx-ex99_1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | **THIRD COAST BANCSHARES, INC.** |
| Date: | June 4, 2025 | By:  | /s/ R. John McWhorter |
|  |  |  | R. John McWhorter<br>Chief Financial Officer |

---

------

## Exhibit 99.1

**Exhibit 99.1**

---

| | |
|:---|:---|
| ![img69977408_0.jpg](img69977408_0.jpg) | ***News Release*** |
| <br>**FOR IMMEDIATE RELEASE** | <u>Contact:</u><br>Ken Dennard / Natalie Hairston<br>Dennard Lascar Investor Relations<br>(713) 529-6600<br>TCBX@dennardlascar.com |

---

**Third Coast Bank Announces $150 Million Securitization of Commercial Real**

**Estate Loans in a Transaction Sponsored by EJF Capital LLC**

**HOUSTON – June 4, 2025 –** Third Coast Bank, a Texas banking association (the "Bank") and a wholly owned bank subsidiary of Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the "Company," "we" or "our"), today announced that it entered into a $150 million securitization transaction of certain commercial real estate loans (the "Mortgage Loans") originated by the Bank.

EJF Capital LLC ("EJF Capital"), a global alternative asset management firm with approximately $5.3 billion assets under management as of March 31, 2025, arranged the securitization transaction described below.

Following the origination of the Mortgage Loans, on June 3, 2025, the Bank created participation interests in the Mortgage Loans, certain of which were sold to EJF CRT 2025-2 Depositor LLC (the "Depositor"), who subsequently sold such participation interests to EJF CRT 2025-2 LLC (the "Issuer"). The Bank retained the participation interests not sold to the Depositor.

The Issuer pledged its participation interests, representing the Issuer's *pro rata* economic interest in the Mortgage Loans, to U.S. Bank Trust Company, National Association (the "Indenture Trustee"), pursuant to an Indenture, and issued its Asset-Backed Notes, Series 2025-2, consisting of Class A-1 Notes and Class M-1 Notes. The Issuer sold the Class A-1 Notes to the Bank and certain of the Class M-1 Notes to affiliates of the Depositor on June 3, 2025.

EJF Financial Debt Strategies GP LLC (the "Sponsor"), an affiliate of EJF Capital, owns 100% of the equity interests in the Depositor, which in turn owns 100% of the beneficial equity interest in the Issuer. The Bank is not affiliated with the Sponsor, the Depositor or the Issuer.

It is expected that these transactions will reduce the Bank's risk-weighted assets as calculated under current risk-based capital rules. It is also expected that these transactions will reduce the ratio of loans for construction, land development and other land to the Bank's total capital, a measure used by the Bank's regulators to inform their supervisory approach to possible loan concentration risk. The Company believes these transactions improve the diversity of the Bank's on-balance sheet loan portfolio.

Bart Caraway, President & CEO of Third Coast Bank, said, "I am immensely proud of our team's hard work and commitment in successfully completing our second securitization. With each transaction, we are building upon the foundation of our previous experience, turning good into great, and great into best. This achievement emphasizes the remarkable synergy that drives our Company across various teams. The dedication and effort of our team highlight the Company's commitment to delivering exceptional value to our stakeholders while meeting the diverse needs of our customers."

------

Cadwalader, Wickersham & Taft LLP acted as legal counsel to the Bank on these transactions. Mayer Brown LLP acted as legal counsel to the Sponsor and its affiliates on these transactions.

For media inquiries to the Bank, please contact Ken Dennard or Natalie Hairston at Dennard Lascar Investor Relations (telephone (713) 529-6600 or email TCBX@dennardlascar.com). For media inquiries to EJF Capital, please contact Investor Relations (telephone (571) 982-7281 or email InvestorRelations@ejfcap.com).

**About Third Coast Bancshares, Inc.**

Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, Third Coast Bank conducts banking operations through 19 branches encompassing the four largest metropolitan areas in Texas. Please visit https://www.thirdcoast.bank for more information.

**About EJF Capital**

EJF Capital LLC ("EJF") is a global alternative asset management firm focused primarily on regulatory event-driven investing within the financial sector. EJF was founded by Manny Friedman and Neal Wilson in 2005 and is headquartered just outside of Washington, D.C., with an additional research office in London. As of March 31, 2025, EJF manages approximately $5.3 billion, including $2.9 billion in CDO assets through affiliates, across a diverse group of alternative asset strategies. EJF's approach combines investment expertise across the capital structure with a corporate finance focus to unearth creative solutions for investing in complex, mispriced securities and other assets. To learn more, please visit http://ejfcap.com and please read additional Risks and Limitations located at https://www.ejfcap.com/risks-limitations-associated-with-ejf-strategies/.

***Forward Looking Statements***

*This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to risks and uncertainties and are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "believe," "looking ahead," "will likely result," "expect," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "would" and "outlook," or the negative version of those words or other comparable words or phrases of a future or forward-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 their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove 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 these forward-looking statements, including, but not limited to, the following: interest rate risk and fluctuations in interest rates; market conditions and economic trends generally and in the banking industry; our ability to maintain important deposit relationships; our ability to grow or maintain our deposit base; our ability to implement our expansion strategy; our ability to pay dividends on our Series A Convertible Non-Cumulative Preferred Stock; credit risk associated with our business; economic conditions affecting the real estate market; prepayment risks associated with commercial real estate loans; liquidity risks in the securitization market; operational risks related to the administration of securitized assets; and changes in key management personnel. For a discussion of additional factors that could cause our actual results to differ materially from those described in the forward-looking statements, please see the risk factors discussed in our Annual Report on Form 10-K for* 

------

*the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC"), and our other filings with the SEC.*

*The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this press release. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly, you should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise. In addition, we cannot assess the impact of each factor on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.*

###

------