# EDGAR Filing Document

**Accession Number:** 0001781730
**File Stem:** 0001193125-26-017998
**Filing Date:** 2026-1
**Character Count:** 91273
**Document Hash:** 10323511ae1bd06d61b9c6c56861c747
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-017998.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001193125-26-017998

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 37

**CONFORMED PERIOD OF REPORT**: 20260121

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**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:** 26548084

**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**

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## FORM 8-K

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**CURRENT REPORT**

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

**Date of Report (Date of earliest event reported):** January 21, 2026<br>

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THIRD COAST BANCSHARES, INC.

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

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| | | |
|:---|:---|:---|
| 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)**

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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:**

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| | | |
|:---|:---|:---|
| **<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 | New York Stock Exchange<br>NYSE Texas |

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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. ☐

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## Item 2.02 Results of Operations and Financial Condition.
On January 21, 2026, Third Coast Bancshares, Inc. (the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2025. A copy of the Company's press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.

## Item 7.01 Regulation FD Disclosure.
The Company intends to hold an investor call and webcast to discuss its financial results for the quarter and year ended December 31, 2025, on Thursday, January 22, 2026, at 10:00 a.m. Central Time. The Company's presentation to analysts and investors contains additional information about the Company's financial results for the quarter and year ended December 31, 2025, and is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.2, shall not be incorporated by reference into any filing or other document pursuant to the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.

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

---

| | |
|:---|:---|
| Exhibit<br>Number | Description of Exhibit |
| 99.1 | [<u>Press Release dated January 21, 2026</u>](tcbx-ex99_1.htm) |
| 99.2 | [<u>Investor Presentation</u>](tcbx-ex99_2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**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.

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| | | | |
|:---|:---|:---|:---|
|  |  |  | **THIRD COAST BANCSHARES, INC.** |
| Date: | January 21, 2026 | By:  | /s/ R. John McWhorter |
|  |  |  | R. John McWhorter<br>Chief Financial Officer |

---

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## Exhibit 99.1

**Exhibit 99.1**

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

---

**FOR IMMEDIATE RELEASE**

**Third Coast Bancshares, Inc. Reports**

**2025 Fourth Quarter and Full Year Financial Results**

***Record Annual Net Income of $66.3 million***

***Record Annual Diluted Earnings Per Share of $3.79***

***Year Over Year Book Value grew 16.8% and Tangible Book Value***<sup>(1)</sup> ***grew 17.7%***

**HOUSTON – January 21, 2026 –** Third Coast Bancshares, Inc. (NYSE & NYSE Texas: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), the bank holding company for Third Coast Bank (the "Bank"), today reported its 2025 fourth quarter and full year financial results.

**2025 Fourth Quarter Financial Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Return on average assets of 1.36% annualized for the fourth quarter of 2025 compared to 1.41% annualized for the third quarter of 2025 and 1.13% annualized for the fourth quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net interest margin remained consistent at 4.10% for the fourth quarter of 2025 and the third quarter of 2025, compared to 3.71% for the fourth quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income for the fourth quarter of 2025 totaled $17.9 million, or $1.21 and $1.02 per basic and diluted share, respectively, compared to $18.1 million, or $1.22 and $1.03 per basic and diluted share, respectively, for the third quarter of 2025 and $13.7 million, or $0.92 and $0.79 per basic and diluted share, respectively, for the fourth quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Efficiency ratio of 57.90% for the fourth quarter of 2025 compared to 53.03% for the third quarter of 2025 and 58.80% for the fourth quarter of 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Gross loans grew to $4.39 billion as of December 31, 2025, from $4.17 billion reported as of September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Book value per share and tangible book value per share<sup>(1)</sup>increased to $33.47 and $32.12, respectively, as of December 31, 2025, compared to $32.25 and $30.91, respectively, as of September 30, 2025 and $28.65 and $27.29, respectively, as of December 31, 2024.

**2025 Full Year Financial and Operational Highlights**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Net income totaled $66.3 million, or $4.45 and $3.79 per basic and diluted share, respectively, for the year ended December 31, 2025, compared to $47.7 million, or $3.14 and $2.78 per basic and diluted share, respectively, for the year ended December 31, 2024.

____________________________

(1) *Non-GAAP financial measure. Please refer to the table titled "GAAP Reconciliation and Management's Explanation of Non-GAAP Financial Measures" at the end of this news release for a reconciliation of these non-GAAP financial measures.*

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Total assets increased $398.3 million to $5.34 billion as of December 31, 2025, or 8.1% over the $4.94 billion reported as of December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Gross loans grew $428.3 million to $4.39 billion as of December 31, 2025, 10.8% more than the $3.97 billion reported as of December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Deposits increased $316.4 million to $4.63 billion as of December 31, 2025, or 7.3% over the $4.31 billion reported as of December 31, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•Transfer of listing of common stock to the New York Stock Exchange and NYSE Texas.

"We are very pleased with our fourth-quarter and full-year 2025 performance, which delivered exceptional loan growth, materially higher fee income than previously guided, and a stable net interest margin that outperformed expectations," said Bart Caraway, Founder, Chairman, President & Chief Executive Officer of Third Coast. "These strong results reflect record net income of $66.3 million and record annual diluted earnings per share of $3.79. It demonstrates our consistent execution and the transformation of our company into a high-performing institution that is doing exactly what we said we would do."

**Operating Results**

**Net Income and Earnings Per Share**

Net income totaled $17.9 million for the fourth quarter of 2025, compared to $18.1 million for the third quarter of 2025 and $13.7 million for the fourth quarter of 2024. Net income available to common shareholders totaled $16.7 million for the fourth quarter of 2025, compared to $16.9 million for the third quarter of 2025 and $12.5 million for the fourth quarter of 2024. The quarter-over-quarter decrease from the third quarter of 2025 was primarily due to merger-related expenses attributing to an increase in legal and professional expenses, and an increase in salaries and employee benefits related to sign on bonuses and severance expenses, partially offset by an increase in net interest income and an increase in non-margin loan fees. Dividends on our Series A Convertible Non-Cumulative Preferred Stock ("Series A Preferred Stock") totaled $1.2 million for each of the quarters ended December 31, 2025, September 30, 2025 and December 31, 2024.

Basic and diluted earnings per share were $1.21 per share and $1.02 per share, respectively, in the fourth quarter of 2025, compared to $1.22 per share and $1.03 per share, respectively, in the third quarter of 2025 and $0.92 per share and $0.79 per share, respectively, in the fourth quarter of 2024.

**Net Interest Margin and Net Interest Income**

The net interest margin for the fourth quarter of 2025 remained consistent with the third quarter of 2025 at 4.10%, compared to 3.71% for the fourth quarter of 2024. The yield on loans for the fourth quarter of 2025 was 7.52%, compared to 7.79% for the third quarter of 2025 and 7.68% for the fourth quarter of 2024. The cost of interest-bearing deposits for the fourth quarter of 2025 was 3.73%, compared to 3.98% for the third quarter of 2025 and 4.33% for the fourth quarter of 2024.

Net interest income totaled $52.2 million for the fourth quarter of 2025, an increase of 2.7% from $50.8 million for the third quarter of 2025 and an increase of 20.2% from $43.4 million for the fourth quarter of 2024. Interest income totaled $92.1 million for the fourth quarter of 2025, a decrease of 0.4% from $92.5 million for the third quarter of 2025 and an increase of 7.7% from $85.5 million for the fourth quarter of 2024. The quarter-over-quarter increase in net interest income primarily resulted from a decrease in interest expense. Interest expense was $39.9 million for the fourth quarter of 2025, a decrease of $1.8 million, or 4.2%, from $41.7 million for the third quarter of 2025 and a decrease of $2.2 million, or 5.2%, from $42.1 million for the fourth quarter of 2024, primarily resulting from an reduction in rates paid on interest-bearing demand deposits.

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**Noninterest Income and Noninterest Expense**

Noninterest income totaled $4.3 million for the fourth quarter of 2025, compared to $3.6 million for the third quarter of 2025 and $2.9 million for the fourth quarter of 2024. The increase in noninterest income was primarily due to an increase in non-margin loan fees during the fourth quarter of 2025.

Noninterest expense increased to $32.7 million for the fourth quarter of 2025, compared to $28.9 million for the third quarter of 2025 and $27.2 million for the fourth quarter of 2024. The quarter-over-quarter increase in noninterest expense was primarily due to merger-related expenses. During the fourth quarter of 2025, the Company recorded merger-related expenses of $1.0 million in legal and professional expenses. Additionally, the Company recorded $1.5 million in salaries and employee benefits attributable to sign on bonuses and severance expenses during the fourth quarter of 2025. At December 31, 2025, the number of employees was 412, compared to 398 at September 30, 2025.

The efficiency ratio was 57.90% for the fourth quarter of 2025, compared to 53.03% for the third quarter of 2025 and 58.80% for the fourth quarter of 2024.

**Balance Sheet Highlights**

**Loan Portfolio and Composition**

For the quarter ended December 31, 2025, gross loans increased to $4.39 billion, an increase of $229.6 million, or 5.5%, from $4.17 billion as of September 30, 2025, and an increase of $428.3 million, or 10.8%, from $3.97 billion as of December 31, 2024. Commercial and industrial loans, real estate loans and municipal and other loans accounted for the majority of the loan growth for the fourth quarter of 2025, with commercial and industrial loans increasing $134.6 million, real estate loans increasing $44.8 million and municipal loans increasing $50.0 million from the third quarter of 2025.

**Asset Quality**

Nonperforming loans at December 31, 2025 were $21.5 million, compared to $21.7 million at September 30, 2025 and $27.9 million at December 31, 2024. As of December 31, 2025, the nonperforming loans to total loans ratio was 0.49%, compared to 0.52% as of September 30, 2025 and 0.70% as of December 31, 2024.

The provision for credit loss recorded for the fourth quarter of 2025 was $2.2 million, and the allowance for credit losses of $43.9 million represented 1.00% of the $4.39 billion in gross loans outstanding as of December 31, 2025. The provision for credit loss recorded for the third quarter of 2025 was $2.8 million, and the allowance for credit losses of $42.6 million represented 1.02% of the $4.17 billion in gross loans outstanding as of September 30, 2025.

The Company recorded net charge-offs of $844,000 and $879,000 for the three months ended December 31, 2025 and December 31, 2024, respectively. On a full year basis, net charge-offs were $3.6 million and $3.4 million in 2025 and 2024, respectively.

**Deposits and Composition**

Deposits totaled $4.63 billion as of December 31, 2025, an increase of 5.8% from $4.37 billion as of September 30, 2025, and an increase of 7.3% from $4.31 billion as of December 31, 2024. Noninterest-bearing demand deposits increased from $450.0 million as of September 30, 2025, to $495.0 million as of December 31, 2025 and represented 10.7% and 10.3% of total deposits as of December 31, 2025 and September 30, 2025, respectively. As of December 31, 2025, interest-bearing demand deposits increased $235.5 million, or 7.5%, partially offset by a decrease in time deposits of $25.7 million, or 3.3%, and a decrease in savings accounts of $573,000, or 2.6%, respectively, from September 30, 2025.

The average cost of deposits was 3.33% for the fourth quarter of 2025, representing a 23-basis point decrease from the third quarter of 2025 and a 50-basis point decrease from the fourth quarter of 2024. The decreases were primarily due to the reduction in rates paid on interest-bearing demand deposits.

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**Earnings Conference Call**

Third Coast has scheduled a conference call to discuss its 2025 fourth quarter and fiscal year results, which will be broadcast live over the Internet, on Thursday, January 22, 2026, at 11:00 a.m. Eastern Time / 10:00 a.m. Central Time. To participate in the call, dial 201-389-0869 and ask for the Third Coast Bancshares, Inc. call at least 10 minutes prior to the start time, or access it live over the Internet at https://ir.thirdcoast.bank/events-and-presentations/events/. For those who cannot listen to the live call, a replay will be available through January 29, 2026, and may be accessed by dialing 201-612-7415 and using passcode 13752290#. Also, an archive of the webcast will be available shortly after the call at https://ir.thirdcoast.bank/events-and-presentations/events/ for 90 days.

**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.

***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 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; changes in key management personnel; the occurrence of any event, change or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement providing for the acquisition of Keystone Bancshares, Inc. ("Keystone") by Third Coast; the outcome of any legal proceedings that may be instituted against Third Coast or Keystone; the possibility that the transaction does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Third Coast and Keystone operate; disruption to the parties' businesses as a result of the announcement and* 

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*pendency of the transaction; the risk that the integration of each party's operations will be materially delayed or will be more costly or difficult than expected or that the parties are otherwise unable to successfully integrate each party's businesses into the other's businesses; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of Third Coast's or Keystone's customers, suppliers, employees or other business partners, including those resulting from the announcement or completion of the transaction; the dilution caused by Third Coast's issuance of additional shares of its common stock in connection with the transaction; a material adverse change in the financial condition of Third Coast or Keystone; the diversion of management's attention and time from ongoing business operations and opportunities on merger-related matters; and other factors that may affect future results of Third Coast and Keystone including changes in asset quality and credit risk, the inability to sustain revenue and earnings growth, changes in interest rates and capital markets, inflation, customer borrowing, repayment, investment and deposit practices, the impact, extent and timing of technological changes, capital management activities and other actions of the Board of Governors of the Federal Reserve System and legislative and regulatory actions and reforms. 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.*

***Non-GAAP Financial Measures***

*This press release contains certain non-GAAP financial measures, including Tangible Common Equity, Tangible Book Value Per Share, Tangible Common Equity to Tangible Assets and Return on Average Tangible Common Equity, which are supplemental measures that are not required by, or are not presented in accordance with GAAP. Please refer to the table titled "GAAP Reconciliation and Management's Explanation of Non-GAAP Financial Measures" at the end of this press release for a reconciliation of these non-GAAP financial measures.*

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**Third Coast Bancshares, Inc. and Subsidiary**

**Financial Highlights**

**(unaudited)**

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2025** | **2025** | **2025** | **2025** | **2024** |
| **(Dollars in thousands)** | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** |
| ASSETS |  |  |  |  |  |
| Cash and cash equivalents: |  |  |  |  |  |
| &nbsp;&nbsp;Cash and due from banks | $175202 | $116383 | $113141 | $218990 | $371157 |
| &nbsp;&nbsp;Federal funds sold | 6027 | 6629 | 5815 | 110379 | 50045 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cash and cash equivalents | 181229 | 123012 | 118956 | 329369 | 421202 |
| Interest bearing time deposits in other banks | 267 | 265 | 262 | 359 | 356 |
| Investment securities available-for-sale | 383192 | 376719 | 355753 | 397442 | 384025 |
| Investment securities held to maturity | 192008 | 206037 | 206065 | - | - |
| Loans held for investment | 4394751 | 4165116 | 4079736 | 3988039 | 3966425 |
| &nbsp;&nbsp;Less: allowance for credit losses | (43949) | (42563) | (40035) | (40456) | (40304) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loans held for investment, net | 4350802 | 4122553 | 4039701 | 3947583 | 3926121 |
| Accrued interest receivable | 29236 | 29537 | 27736 | 26752 | 25820 |
| Premises and equipment, net | 24789 | 24718 | 24908 | 25669 | 26230 |
| Other real estate owned | 8388 | 8388 | 8580 | 8752 | 862 |
| Bank-owned life insurance | 76357 | 75547 | 74761 | 74018 | 68341 |
| Non-marketable securities, at cost | 16424 | 26157 | 18761 | 15994 | 15980 |
| Deferred tax asset, net | 4440 | 6989 | 8646 | 9176 | 11445 |
| Derivative assets | 2544 | 2803 | 3059 | 3052 | 6479 |
| Right-of-use assets - operating leases | 17066 | 17677 | 18769 | 19370 | 19863 |
| Goodwill and other intangible assets | 18680 | 18720 | 18761 | 18801 | 18841 |
| Other assets | 35337 | 22686 | 19053 | 20652 | 16881 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $5340759 | $5061808 | $4943771 | $4896989 | $4942446 |
| LIABILITIES |  |  |  |  |  |
| Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;Noninterest bearing | $495000 | $450013 | $440964 | $448542 | $602082 |
| &nbsp;&nbsp;Interest bearing | 4131888 | 3922728 | 3839905 | 3800001 | 3708416 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 4626888 | 4372741 | 4280869 | 4248543 | 4310498 |
| Accrued interest payable | 5957 | 7153 | 6691 | 7044 | 6281 |
| Derivative liabilities | 3142 | 3521 | 3779 | 3527 | 8660 |
| Lease liability - operating leases | 18130 | 18735 | 19835 | 20425 | 20900 |
| Other liabilities | 36775 | 32040 | 24745 | 25979 | 23754 |
| Line of credit - Senior Debt | 37875 | 32875 | 30875 | 30875 | 30875 |
| Note payable - Subordinated Debentures, net | 80965 | 80913 | 80862 | 80810 | 80759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 4809732 | 4547978 | 4447656 | 4417203 | 4481727 |
| SHAREHOLDERS' EQUITY |  |  |  |  |  |
| Series A Convertible Non-Cumulative Preferred Stock | 69 | 69 | 69 | 69 | 69 |
| Series B Convertible Perpetual Preferred Stock | - | - | - | - | - |
| Common stock | 13970 | 13958 | 13930 | 13904 | 13848 |
| Common stock - non-voting | - | - | - | - | - |
| Additional paid-in capital | 323929 | 323491 | 322972 | 322456 | 321696 |
| Retained earnings | 183238 | 166537 | 149677 | 134115 | 121697 |
| Accumulated other comprehensive income | 10920 | 10874 | 10566 | 10341 | 4508 |
| Treasury stock, at cost | (1099) | (1099) | (1099) | (1099) | (1099) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total shareholders' equity | 531027 | 513830 | 496115 | 479786 | 460719 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $5340759 | $5061808 | $4943771 | $4896989 | $4942446 |

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**Third Coast Bancshares, Inc. and Subsidiary**

**Financial Highlights**

**(unaudited)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Years Ended** | **Years Ended** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** | **2025** | **2024** |
| **(Dollars in thousands, except per share data)** | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** | **December 31** | **December 31** |
| INTEREST INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Loans, including fees | $81368 | $82054 | $79706 | $73087 | $76017 | $316215 | $295259 |
| &nbsp;&nbsp;Investment securities available-for-sale | 6464 | 6289 | 5505 | 5693 | 4939 | 23951 | 17055 |
| &nbsp;&nbsp;Investment securities held-to-maturity | 2681 | 2882 | 1607 | - | - | 7170 | - |
| &nbsp;&nbsp;Federal funds sold and other | 1586 | 1278 | 1844 | 1986 | 4580 | 6694 | 16042 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 92099 | 92503 | 88662 | 80766 | 85536 | 354030 | 328356 |
| INTEREST EXPENSE: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Deposit accounts | 37530 | 39030 | 37535 | 36226 | 40233 | 150321 | 159748 |
| &nbsp;&nbsp;FHLB advances and other borrowings | 2372 | 2624 | 1753 | 1743 | 1865 | 8492 | 7850 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 39902 | 41654 | 39288 | 37969 | 42098 | 158813 | 167598 |
| Net interest income | 52197 | 50849 | 49374 | 42797 | 43438 | 195217 | 160758 |
| Provision for credit losses | 2245 | 2763 | 2130 | 450 | 1156 | 7588 | 5701 |
| Net interest income after credit loss expense | 49952 | 48086 | 47244 | 42347 | 42282 | 187629 | 155057 |
| NONINTEREST INCOME: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Service charges and fees | 3518 | 2839 | 2125 | 2277 | 1772 | 10759 | 6935 |
| &nbsp;&nbsp;Earnings on bank-owned life insurance | 811 | 786 | 743 | 677 | 662 | 3017 | 2480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Loss) gain on sale of investment securities available-for-sale | (272) | - | (110) | (228) | 196 | (610) | (4) |
| &nbsp;&nbsp;Gain on sale of SBA loans | - | - | 44 | 30 | - | 74 | 30 |
| &nbsp;&nbsp;Other | 204 | 10 | (152) | 351 | 243 | 413 | 1180 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 4261 | 3635 | 2650 | 3107 | 2873 | 13653 | 10621 |
| NONINTEREST EXPENSE: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Salaries and employee benefits | 21109 | 19560 | 18179 | 18341 | 17018 | 77189 | 65116 |
| &nbsp;&nbsp;Occupancy and equipment expense | 2845 | 2861 | 2783 | 2834 | 2856 | 11323 | 11093 |
| &nbsp;&nbsp;Legal and professional | 2850 | 1254 | 1927 | 1431 | 1587 | 7462 | 5630 |
| &nbsp;&nbsp;Data processing and network expense | 1087 | 1203 | 1162 | 1120 | 1182 | 4572 | 5254 |
| &nbsp;&nbsp;Regulatory assessments | 1172 | 1152 | 1203 | 1306 | 1196 | 4833 | 4430 |
| &nbsp;&nbsp;Advertising and marketing | 733 | 499 | 503 | 409 | 526 | 2144 | 1707 |
| &nbsp;&nbsp;Software purchases and maintenance | 1067 | 1094 | 1149 | 1259 | 1202 | 4569 | 4884 |
| &nbsp;&nbsp;Loan operations and other real estate owned expense | 397 | 29 | 439 | 269 | 189 | 1134 | 904 |
| &nbsp;&nbsp;Telephone and communications | 126 | 134 | 115 | 175 | 144 | 550 | 585 |
| &nbsp;&nbsp;Other | 1305 | 1106 | 1386 | 964 | 1330 | 4761 | 4724 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 32691 | 28892 | 28846 | 28108 | 27230 | 118537 | 104327 |
| NET INCOME BEFORE INCOME TAX<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EXPENSE | 21522 | 22829 | 21048 | 17346 | 17925 | 82745 | 61351 |
| Income tax expense | 3624 | 4772 | 4301 | 3757 | 4192 | 16454 | 13680 |
| NET INCOME | 17898 | 18057 | 16747 | 13589 | 13733 | 66291 | 47671 |
| Preferred stock dividends declared | 1197 | 1197 | 1185 | 1171 | 1196 | 4750 | 4749 |
| NET INCOME AVAILABLE TO COMMON<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SHAREHOLDERS | $16701 | $16860 | $15562 | $12418 | $12537 | $61541 | $42922 |
| EARNINGS PER COMMON SHARE: |  |  |  |  |  |  |  |
| Basic earnings per share | $1.21 | $1.22 | $1.12 | $0.90 | $0.92 | $4.45 | $3.14 |
| Diluted earnings per share | $1.02 | $1.03 | $0.96 | $0.78 | $0.79 | $3.79 | $2.78 |

---

------

**Third Coast Bancshares, Inc. and Subsidiary**

**Financial Highlights**

**(unaudited)**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Years Ended** | **Years Ended** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** | **2025** | **2024** |
| **(Dollars in thousands, except share and per share data)** | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** | **December 31** | **December 31** |
| Earnings per share, basic | $1.21 | $1.22 | $1.12 | $0.90 | $0.92 | $4.45 | $3.14 |
| Earnings per share, diluted | $1.02 | $1.03 | $0.96 | $0.78 | $0.79 | $3.79 | $2.78 |
| Dividends on common stock | $- | $- | $- | $- | $- | $- | $- |
| Dividends on Series A Convertible <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-Cumulative Preferred Stock | $17.25 | $17.25 | $17.06 | $16.88 | $17.25 | $68.44 | $68.44 |
| Return on average assets <sup>(A)</sup> | 1.36% | 1.41% | 1.38% | 1.17% | 1.13% | 1.33% | 1.05% |
| Return on average common equity <sup>(A)</sup> | 14.42% | 15.14% | 14.70% | 12.41% | 12.66% | 14.21% | 11.48% |
| Return on average tangible common<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;equity <sup>(A) (B)</sup> | 15.03% | 15.81% | 15.38% | 13.01% | 13.29% | 14.85% | 12.09% |
| Net interest margin <sup>(A) (C)</sup> | 4.10% | 4.10% | 4.22% | 3.80% | 3.71% | 4.06% | 3.67% |
| Efficiency ratio <sup>(D)</sup> | 57.90% | 53.03% | 55.45% | 61.23% | 58.80% | 56.75% | 60.88% |
| **<u>Capital Ratios</u>** |  |  |  |  |  |  |  |
| Third Coast Bancshares, Inc. (consolidated): |  |  |  |  |  |  |  |
| Total common equity to total assets | 8.70% | 8.84% | 8.70% | 8.45% | 7.98% | 8.70% | 7.98% |
| Tangible common equity to tangible<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets <sup>(B)</sup> | 8.38% | 8.51% | 8.35% | 8.09% | 7.63% | 8.38% | 7.63% |
| Estimated Common equity tier 1 (to risk <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;weighted assets) | 8.65% | 8.85% | 8.75% | 8.70% | 8.41% | 8.65% | 8.41% |
| Estimated Tier 1 capital (to risk weighted <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets) | 9.97% | 10.25% | 10.20% | 10.19% | 9.90% | 9.97% | 9.90% |
| Estimated Total capital (to risk weighted <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets) | 12.48% | 12.90% | 12.87% | 12.97% | 12.68% | 12.48% | 12.68% |
| Estimated Tier 1 capital (to average <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets) | 9.65% | 9.55% | 9.65% | 9.58% | 9.12% | 9.65% | 9.12% |
| Third Coast Bank: |  |  |  |  |  |  |  |
| Estimated Common equity tier 1 (to risk <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;weighted assets) | 12.23% | 12.59% | 12.56% | 12.69% | 12.35% | 12.23% | 12.35% |
| Estimated Tier 1 capital (to risk weighted <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets) | 12.23% | 12.59% | 12.56% | 12.69% | 12.35% | 12.23% | 12.35% |
| Estimated Total capital (to risk weighted <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets) | 13.14% | 13.53% | 13.46% | 13.63% | 13.29% | 13.14% | 13.29% |
| Estimated Tier 1 capital (to average<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets) | 11.84% | 11.75% | 11.89% | 11.93% | 11.37% | 11.84% | 11.37% |
| **<u>Other Data</u>** |  |  |  |  |  |  |  |
| Weighted average shares: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Basic | 13889497 | 13860149 | 13836830 | 13776998 | 13698010 | 13841230 | 13656859 |
| &nbsp;&nbsp;Diluted | 17552204 | 17524288 | 17391128 | 17440826 | 17394884 | 17477207 | 17133845 |
| Period end shares outstanding | 13891055 | 13879099 | 13851581 | 13825286 | 13769780 | 13891055 | 13769780 |
| Book value per share | $33.47 | $32.25 | $31.04 | $29.92 | $28.65 | $33.47 | $28.65 |
| Tangible book value per share <sup>(B)</sup> | $32.12 | $30.91 | $29.69 | $28.56 | $27.29 | $32.12 | $27.29 |

---

___________

(A) Interim periods annualized.

(B) Refer to the calculation of these non-GAAP financial measures and a reconciliation to their most directly comparable GAAP financial measures at the end of this news release.

(C) Net interest margin represents net interest income divided by average interest-earning assets.

(D) Represents total noninterest expense divided by the sum of net interest income plus noninterest income. Taxes and provision for credit losses are not part of this calculation.

------

**Third Coast Bancshares, Inc. and Subsidiary**

**Financial Highlights**

**(unaudited)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **(Dollars in thousands)** | **Average<br>Outstanding<br>Balance** | **Interest<br>Earned/<br>Paid**<sup>(3)</sup> | **Average<br>Yield/<br>Rate**<sup>(4)</sup> | **Average<br>Outstanding<br>Balance** | **Interest<br>Earned/<br>Paid**<sup>(3)</sup> | **Average<br>Yield/<br>Rate**<sup>(4)</sup> | **Average<br>Outstanding<br>Balance** | **Interest<br>Earned/<br>Paid**<sup>(3)</sup> | **Average<br>Yield/<br>Rate**<sup>(4)</sup> |
| **Assets** |  |  |  |  |  |  |  |  |  |
| Interest-earnings assets: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Loans, gross | $4294376 | $81368 | 7.52% | $4179027 | $82054 | 7.79% | $3937405 | $76017 | 7.68% |
| &nbsp;&nbsp;Investment securities available-for-sale | 399694 | 6464 | 6.42% | 410073 | 6289 | 6.08% | 342474 | 4939 | 5.74% |
| &nbsp;&nbsp;Investment securities held-to-maturity | 196309 | 2681 | 5.42% | 206055 | 2882 | 5.55% |  |  |  |
| &nbsp;&nbsp;Federal funds sold and other interest-earning <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;assets | 164928 | 1586 | 3.82% | 123680 | 1278 | 4.10% | 379836 | 4580 | 4.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets | 5055307 | 92099 | 7.23% | 4918835 | 92503 | 7.46% | 4659715 | 85536 | 7.30% |
| Less: allowance for loan losses | (42984) |  |  | (40427) |  |  | (39855) |  |  |
| Total interest-earning assets, net of<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;allowance | 5012323 |  |  | 4878408 |  |  | 4619860 |  |  |
| Noninterest-earning assets | 209215 |  |  | 213210 |  |  | 195143 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total assets | $5221538 |  |  | $5091618 |  |  | $4815003 |  |  |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Interest-bearing deposits | $3989201 | $37530 | 3.73% | $3892726 | $39030 | 3.98% | $3692533 | $40233 | 4.33% |
| &nbsp;&nbsp;Note payable and line of credit | 118807 | 1801 | 6.01% | 113560 | 1754 | 6.13% | 109294 | 1708 | 6.22% |
| &nbsp;&nbsp;FHLB advances | 56483 | 571 | 4.01% | 73476 | 870 | 4.70% | 11900 | 157 | 5.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 4164491 | 39902 | 3.80% | 4079762 | 41654 | 4.05% | 3813727 | 42098 | 4.39% |
| Noninterest-bearing deposits | 477198 |  |  | 453980 |  |  | 484738 |  |  |
| Other liabilities | 54090 |  |  | 49842 |  |  | 56369 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 4695779 |  |  | 4583584 |  |  | 4354834 |  |  |
| Shareholders' equity | 525759 |  |  | 508034 |  |  | 460169 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders'<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;equity | $5221538 |  |  | $5091618 |  |  | $4815003 |  |  |
| Net interest income |  | $52197 |  |  | $50849 |  |  | $43438 |  |
| Net interest spread <sup>(1)</sup> |  |  | 3.43% |  |  | 3.41% |  |  | 2.91% |
| Net interest margin <sup>(2)</sup> |  |  | 4.10% |  |  | 4.10% |  |  | 3.71% |

---

___________

(1) Net interest spread is the average yield on interest earning assets minus the average rate on interest-bearing liabilities.

(2) Net interest margin represents net interest income divided by average interest-earning assets.

(3) Interest earned/paid includes accretion of deferred loan fees, premiums and discounts.

(4) Annualized.

------

**Third Coast Bancshares, Inc. and Subsidiary**

**Financial Highlights**

**(unaudited)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Years Ended** | **Years Ended** | **Years Ended** | **Years Ended** | **Years Ended** | **Years Ended** |
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** |
| **(Dollars in thousands)** | **Average<br>Outstanding<br>Balance** | **Interest<br>Earned/<br>Paid**<sup>(3)</sup> | **Average<br>Yield/<br>Rate** | **Average<br>Outstanding<br>Balance** | **Interest<br>Earned/<br>Paid**<sup>(3)</sup> | **Average<br>Yield/<br>Rate** |
| **Assets** |  |  |  |  |  |  |
| Interest-earnings assets: |  |  |  |  |  |  |
| &nbsp;&nbsp;Loans, gross | $4119536 | $316215 | 7.68% | $3786776 | $295259 | 7.80% |
| &nbsp;&nbsp;Investment securities available-for-sale | 397618 | 23951 | 6.02% | 286039 | 17055 | 5.96% |
| &nbsp;&nbsp;Investment securities held-to-maturity | 130689 | 7170 | 5.49% |  |  |  |
| &nbsp;&nbsp;Federal funds sold and other interest-earning assets | 161198 | 6694 | 4.15% | 312590 | 16042 | 5.13% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest-earning assets | 4809041 | 354030 | 7.36% | 4385405 | 328356 | 7.49% |
| Less: allowance for loan losses | (41164) |  |  | (38500) |  |  |
| Total interest-earning assets, net of allowance | 4767877 |  |  | 4346905 |  |  |
| Noninterest-earning assets | 207824 |  |  | 194775 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | $4975701 |  |  | $4541680 |  |  |
| **Liabilities and Shareholders' Equity** |  |  |  |  |  |  |
| Interest-bearing liabilities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing deposits | $3826293 | $150321 | 3.93% | $3459151 | $159748 | 4.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;Note payable and line of credit | 113953 | 6987 | 6.13% | 116222 | 7617 | 6.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;FHLB advances and other | 34113 | 1505 | 4.41% | 4438 | 233 | 5.25% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total interest-bearing liabilities | 3974359 | 158813 | 4.00% | 3579811 | 167598 | 4.68% |
| Noninterest-bearing deposits | 446692 |  |  | 460537 |  |  |
| Other liabilities | 55335 |  |  | 61148 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total liabilities | 4476386 |  |  | 4101496 |  |  |
| Shareholders' equity | 499315 |  |  | 440184 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Total liabilities and shareholders' equity | $4975701 |  |  | $4541680 |  |  |
| Net interest income |  | $195217 |  |  | $160758 |  |
| Net interest spread <sup>(1)</sup> |  |  | 3.36% |  |  | 2.81% |
| Net interest margin <sup>(2)</sup> |  |  | 4.06% |  |  | 3.67% |

---

___________

(1) Net interest spread is the average yield on interest earning assets minus the average rate on interest-bearing liabilities.

(2) Net interest margin represents net interest income divided by average interest-earning assets.

(3) Interest earned/paid includes accretion of deferred loan fees, premiums and discounts.

------

**Third Coast Bancshares, Inc. and Subsidiary**

**Financial Highlights**

**(unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** |
| **(Dollars in thousands)** | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** |
| **Period-end Loan Portfolio:** |  |  |  |  |  |
| Real estate loans: |  |  |  |  |  |
| &nbsp;&nbsp;Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-farm non-residential owner occupied | $434715 | $408996 | $423959 | $420902 | $448134 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-farm non-residential non-owner occupied | 710401 | 687924 | 666840 | 633227 | 652119 |
| &nbsp;&nbsp;Residential | 333419 | 334583 | 323898 | 335285 | 336736 |
| &nbsp;&nbsp;Construction, development & other | 823353 | 826566 | 784364 | 846166 | 871373 |
| &nbsp;&nbsp;Farmland | 26485 | 25549 | 28013 | 30783 | 30915 |
| Commercial & industrial | 1906616 | 1772045 | 1724583 | 1605243 | 1497408 |
| Consumer | 1576 | 1291 | 1206 | 1443 | 1859 |
| Municipal and other | 158186 | 108162 | 126873 | 114990 | 127881 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total loans | $4394751 | $4165116 | $4079736 | $3988039 | $3966425 |
| **Asset Quality:** |  |  |  |  |  |
| Nonaccrual loans | $10120 | $10723 | $13358 | $17066 | $26773 |
| Loans > 90 days and still accruing | 11360 | 11016 | 6755 | 1503 | 1173 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming loans | 21480 | 21739 | 20113 | 18569 | 27946 |
| Other real estate owned | 8388 | 8388 | 8580 | 8752 | 862 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets | $29868 | $30127 | $28693 | $27321 | $28808 |
| QTD Net charge-offs (recoveries) | $844 | $(17) | $2376 | $398 | $879 |
| **Nonaccrual loans:** |  |  |  |  |  |
| Real estate loans: |  |  |  |  |  |
| &nbsp;&nbsp;Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-farm non-residential owner occupied | $1235 | $1237 | $2191 | $3100 | $10433 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-farm non-residential non-owner occupied | 99 | 111 | 111 | - | - |
| &nbsp;&nbsp;Residential | 387 | 214 | 637 | 2616 | 2226 |
| &nbsp;&nbsp;Construction, development & other | - | 6 | 344 | 358 | 400 |
| Commercial & industrial | 8399 | 9155 | 10075 | 10992 | 13714 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total nonaccrual loans | $10120 | $10723 | $13358 | $17066 | $26773 |
| **Asset Quality Ratios:** |  |  |  |  |  |
| Nonperforming assets to total assets | 0.56% | 0.60% | 0.58% | 0.56% | 0.58% |
| Nonperforming loans to total loans | 0.49% | 0.52% | 0.49% | 0.47% | 0.70% |
| Allowance for credit losses to total loans | 1.00% | 1.02% | 0.98% | 1.01% | 1.02% |
| QTD Net charge-offs (recoveries) to average loans<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(annualized) | 0.08% | (0.00%) | 0.24% | 0.04% | 0.09% |

---

------

**Third Coast Bancshares, Inc. and Subsidiary**

**GAAP Reconciliation and Management's Explanation of Non-GAAP Financial Measures**

**(unaudited)**

Our accounting and reporting policies conform to GAAP (generally accepted accounting principles) and the prevailing practices in the banking industry. However, we also evaluate our performance based on certain additional financial measures discussed in this earnings release as being non-GAAP financial measures. Specifically, we review Tangible Common Equity, Tangible Book Value Per Share, Tangible Common Equity to Tangible Assets, and Return on Average Tangible Common Equity for internal planning and forecasting purposes. We classify a financial measure as a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are not included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the United States in our statements of income, balance sheets or statements of cash flows. Non-GAAP financial measures do not include operating and other statistical measures or ratios, or statistical measures calculated using exclusively financial measures calculated in accordance with GAAP.

The non-GAAP financial measures that we discuss in this earnings release should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non-GAAP financial measures that we discuss in this earnings release may differ from that of other companies reporting measures with similar names. It is important to understand how other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures we have discussed in this earnings release when comparing such non-GAAP financial measures.

Management believes the following non-GAAP financial measures assist investors in understanding the financial condition of the company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•***Tangible Common Equity.*** The most directly comparable GAAP financial measure for tangible common equity is total shareholders' equity. We believe that this measure is important to many investors in the marketplace who are interested in the relative changes from period to period of tangible common equity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•***Tangible Book Value Per Share.*** The most directly comparable GAAP financial measure for tangible book value per share is book value per share. We believe that the tangible book value per share measure is important to many investors in the marketplace who are interested in changes from period to period in book value per share exclusive of changes in intangible assets. Goodwill and other intangible assets have the effect of increasing total book value while not increasing our tangible book value.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•***Tangible Common Equity to Tangible Assets.*** The most directly comparable GAAP financial measure for tangible common equity is total shareholders' equity, the most directly comparable GAAP financial measure for tangible assets is total assets, and the most directly comparable GAAP financial measure for tangible common equity to tangible assets is total shareholders' equity to total assets. We believe that this measure is important to many investors in the marketplace who are interested in the relative changes from period to period of tangible common equity to tangible assets, each exclusive of changes in intangible assets. Goodwill and other intangible assets have the effect of increasing both total shareholders' equity and assets while not increasing our tangible common equity or tangible assets.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•***Return on Average Tangible Common Equity.*** The most directly comparable GAAP financial measure for average tangible common equity is average shareholders' equity, and the most directly comparable GAAP financial measure for return on average tangible common equity is return on average common equity. We believe that this measure is important to many investors in the marketplace who are interested in the relative changes from period to period of return on average tangible common equity, exclusive of changes in intangible assets. Goodwill and other intangible assets have the effect of increasing average shareholders' equity while not increasing our tangible common equity.

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The calculations of these non-GAAP financial measures are as follows:

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Years Ended** | **Years Ended** |
|  | **2025** | **2025** | **2025** | **2025** | **2024** | **2025** | **2024** |
| **(Dollars in thousands, except share and per share data)** | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** | **December 31** | **December 31** |
| **Tangible Common Equity:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Total shareholders' equity | $531027 | $513830 | $496115 | $479786 | $460719 | $531027 | $460719 |
| &nbsp;&nbsp;Less: Preferred stock including additional <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;paid in capital | 66160 | 66160 | 66160 | 66160 | 66160 | 66160 | 66160 |
| &nbsp;&nbsp;Total common equity | 464867 | 447670 | 429955 | 413626 | 394559 | 464867 | 394559 |
| &nbsp;&nbsp;Less: Goodwill and core deposit intangibles, <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;net | 18680 | 18720 | 18761 | 18801 | 18841 | 18680 | 18841 |
| &nbsp;&nbsp;**Tangible common equity** | $446187 | $428950 | $411194 | $394825 | $375718 | $446187 | $375718 |
| &nbsp;&nbsp;Common shares outstanding at end of period | 13891055 | 13879099 | 13851581 | 13825286 | 13769780 | 13891055 | 13769780 |
| Book Value Per Share | $33.47 | $32.25 | $31.04 | $29.92 | $28.65 | $33.47 | $28.65 |
| **Tangible Book Value Per Share** | $32.12 | $30.91 | $29.69 | $28.56 | $27.29 | $32.12 | $27.29 |
| **Tangible Assets:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Total assets | $5340759 | $5061808 | $4943771 | $4896989 | $4942446 | $5340759 | $4942446 |
| &nbsp;&nbsp;Adjustments: Goodwill and core deposit<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;intangibles, net | 18680 | 18720 | 18761 | 18801 | 18841 | 18680 | 18841 |
| &nbsp;&nbsp;Tangible assets | $5322079 | $5043088 | $4925010 | $4878188 | $4923605 | $5322079 | $4923605 |
| Total Common Equity to Total Assets | 8.70% | 8.84% | 8.70% | 8.45% | 7.98% | 8.70% | 7.98% |
| **Tangible Common Equity to Tangible Assets** | 8.38% | 8.51% | 8.35% | 8.09% | 7.63% | 8.38% | 7.63% |
| **Average Tangible Common Equity:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Average shareholders' equity | $525759 | $508034 | $490741 | $472041 | $460169 | $499315 | $440184 |
| &nbsp;&nbsp;Less: Average preferred stock including<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;additional paid in capital | 66160 | 66160 | 66160 | 66160 | 66121 | 66160 | 66198 |
| &nbsp;&nbsp;Average common equity | 459599 | 441874 | 424581 | 405881 | 394048 | 433155 | 373986 |
| &nbsp;&nbsp;Less: Average goodwill and core deposit<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;intangibles, net | 18705 | 18746 | 18784 | 18826 | 18865 | 18765 | 18926 |
| &nbsp;&nbsp;Average tangible common equity | $440894 | $423128 | $405797 | $387055 | $375183 | $414390 | $355060 |
| &nbsp;&nbsp;Net Income | $17898 | $18057 | $16747 | $13589 | $13733 | $66291 | $47671 |
| &nbsp;&nbsp;Less: Dividends declared on preferred stock | 1197 | 1197 | 1185 | 1171 | 1196 | 4750 | 4749 |
| &nbsp;&nbsp;Net Income Available to Common Shareholders | $16701 | $16860 | $15562 | $12418 | $12537 | $61541 | $42922 |
| Return on Average Common Equity<sup>(A)</sup> | 14.42% | 15.14% | 14.70% | 12.41% | 12.66% | 14.21% | 11.48% |
| **Return on Average Tangible Common Equity**<sup>(A)</sup> | 15.03% | 15.81% | 15.38% | 13.01% | 13.29% | 14.85% | 12.09% |

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___________

(A) Interim periods annualized.

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## Exhibit 99.2

![Slide 1](tcbx-ex99_2s1.jpg)

THIRD COASTBANCSHARES, INC. NYSE & NYSE Texas: TCBX Investor Presentation January 2026© 2026 Third Coast Bancshares, Inc.

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![Slide 2](tcbx-ex99_2s2.jpg)

02 DISCLAIMER Forward-Looking Statements This presentation 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 the current views of Third Coast Bancshares, Inc. (the "Company," "Third Coast," "we," "us," or "our") 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 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; changes in key management personnel; the occurrence of any event, change or other circumstance that could give rise to the right of one or both of the parties to terminate the definitive merger agreement providing for the acquisition of Keystone Bancshares, Inc. ("Keystone") by Third Coast; the outcome of any legal proceedings that may be instituted against Third Coast or Keystone; the possibility that the transaction does not close when expected or at all because required regulatory, shareholder or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the transaction); the risk that the benefits from the transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which Third Coast and Keystone operate; disruption to the parties' businesses as a result of the announcement and pendency of the transaction; the risk that the integration of each party's operations will be materially delayed or will be more costly or difficult than expected or that the parties are otherwise unable to successfully integrate each party's businesses into the other's businesses; the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of Third Coast's or Keystone's customers, suppliers, employees or other business partners, including those resulting from the announcement or completion of the transaction; the dilution caused by Third Coast's issuance of additional shares of its common stock in connection with the transaction; a material adverse change in the financial condition of Third Coast or Keystone; the diversion of management's attention and time from ongoing business operations and opportunities on merger-related matters; and other factors that may affect future results of Third Coast and Keystone including changes in asset quality and credit risk, the inability to sustain revenue and earnings growth, changes in interest rates and capital markets, inflation, customer borrowing, repayment, investment and deposit practices, the impact, extent and timing of technological changes, capital management activities and other actions of the Board of Governors of the Federal Reserve System and legislative and regulatory actions and reforms. 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 presentation. 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. NON-GAAP FINANCIAL MEASURES This presentation contains non-GAAP financial measures, including Tangible Common Equity, Tangible Book Value Per Share, Tangible Common Equity to Tangible Assets and Return on Average Tangible Common Equity. The non-GAAP financial measures that we discuss in this presentation should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. A reconciliation of the non-GAAP financial measures used in this presentation to the most directly comparable GAAP measures is provided in the Appendix to this presentation. 

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03 SENIOR EXECUTIVE MANAGEMENT Bart O. Caraway Founder, Chairman, President & CEO Founded Third Coast in 2008. Serves as Chairman, President, and CEO of the Bank and the Company since formation in 2013. Chairman, President, and CEO of Third Coast Commercial Capital. Texas licensed attorney and CPA with over 30 years of banking and public accounting experience. University of Texas BBA in Accounting. Law Degree from University of Houston Law School.  John McWhorter Sr. EVP, Chief Financial Officer Serves as Senior Executive Vice President and Chief Financial Officer since April 2015. Over 35 years of banking, bank audit and public accounting experience as a CPA. Previously held positions with Bank of Houston as EVP CFO, Cadence Bancorporation LLC as EVP CFO, and Amegy Bank as SVP Controller during its IPO. University of Texas BBA in Accounting. Audrey Spaulding Sr. EVP, Chief Credit Officer Serves as Senior Executive Vice President and Chief Credit Officer since June 2015. Also serves as Chairperson of Officers' Loan Committee and the Special Assets Committee. Over 35 years of banking and bank regulator experience. Previously held positions with LegacyTexas Bank as SVP Credit Officer and Director of Credit Risk Management, as well as Senior and Commissioned Bank Examiner with The Federal Reserve Bank of Dallas. Texas Tech University BBA in Finance.

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04 EXECUTIVE MANAGEMENT Bill Bobbora EVP, Chief Banking Officer Serves as EVP Chief Banking Officer since May 2022 and joined the bank in October 2021. Over 30 years experience in Commercial, Corporate, and Investment Banking. Previously held positions as Head of Corporate Banking at Third Coast Bank, Managing Director of Regions Securities Corporate & Investment Banking in Houston, EVP Managing Director with Cadence Bank, Texas Commerce Bank (now JP Morgan Chase), Wachovia (now Wells Fargo) and KeyBanc Capital Markets. University of Nebraska and University of Texas MBA.  Liz Eber EVP, Chief Legal Officer Serves as EVP Chief Legal Officer since March 2024 and joined the bank in January 2023. Expertise in legal support across various domains including banking, payments, privacy, governance, employment, litigation, and compliance. Previously held positions with FIS Global and the federal government in Washington, D.C. George Mason University's Antonin Scalia Law School and University of Florida. Christopher Peacock EVP, Chief Retail Officer Serves as EVP Chief Retail Officer since February 2021 when he joined the bank. Over 35 years of banking experience and 25 years of retail executive experience. Previously held positions as Chief Financial Officer and Retail Executive at BMO Harris and Huntington National Banks. Florida State University BS in Finance. Laura Rau EVP, Chief Risk Officer Serves as EVP Chief Risk Officer since January 2026 when she joined the bank. Most recently held the position of Chief Compliance Officer at a large regional bank. Expertise in regulatory compliance, including BSA/AML sanctions and counter-terrorist financing, consumer compliance, and compliance management systems. Additional expertise in money transmitters and MSBs. Previously held positions include MoneyGram and Western Union as the Head of Global BSA/AML Program Office as well as Washington State Gambling Commission regulator and Federal Reserve Bank internal auditor. University of Minnesota BA and Regis University MBA.

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![Slide 5](tcbx-ex99_2s5.jpg)

05 FRANCHISE OVERVIEW  Third Coast HQ Branch (1) Third Coast Branches (18) FINANCIAL HIGHLIGHTS  Note: Greater Houston market refers to the Houston-The Woodlands-Sugar Land MSA, the Beaumont-Port Arthur MSA and surrounding counties; Dallas-Fort Worth market refers to the Dallas-Fort Worth-Arlington MSA and surrounding counties; Austin-San Antonio market refers to the San Antonio-New Braunfels MSA, the Austin-Round Rock-Georgetown MSA and surrounding counties (1) Efficiency ratio represents noninterest expense divided by the sum of net interest income and noninterest income (2) Refer to the calculation of non-GAAP financial measures on page 21. As of As of As of As of As of Balance Sheet ($M, Except per Share) 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Total Assets $2,499 $3,773 $4,396 $4,942 $5,341 Total Loans $2,069 $3,108 $3,639 $3,966 $4,395 Total Deposits $2,141 $3,236 $3,803 $4,310 $4,627 Loans/ Deposits 96.6% 96.0% 95.7% 92.0% 95.0% Tangible Book Value per Share(2) $20.87 $21.90 $24.02 $27.29 $32.12 FYE FYE FYE FYE FYE Profitability (Year-to-Date) 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 Return on Average Assets 0.55% 0.58% 0.86% 1.05% 1.33% Return on Average Tangible Common Equity (2) 7.55% 6.00% 9.19% 12.09% 14.21% Yield on Loans 6.01% 5.43% 7.39% 7.80% 7.68% Cost of Deposits 0.47% 1.14% 3.53% 4.08% 3.52% Net Interest Margin 4.65% 3.82% 3.73% 3.67% 4.06% Efficiency Ratio(1) 74.43% 71.40% 67.55% 60.88% 56.75% FYE FYE FYE FYE FYE Asset Quality 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 NPAs to Total Assets 0.69% 0.32% 0.39% 0.58% 0.56% NCOs to Avg. Loans 0.16% 0.04% 0.04% 0.09% 0.09% We are a commercially focused bank founded in 2008, with headquarters in Humble, Texas. Third Coast currently has 19 branches located throughout Austin, Beaumont-Port Arthur, Dallas-Fort Worth, Greater Houston, and San Antonio markets.

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![Slide 6](tcbx-ex99_2s6.jpg)

06 DYNAMIC TEXAS MARKETS  Austin Source: https://datusa.io and https://data.census.gov/ Beaumont-Port Arthur Dallas-Fort Worth Greater Houston San Antonio Austin MSA is projected to be the fastest growing large MSA in the country (as defined by MSAs with a population over two million), with a forecasted growth rate of 8.5% through 2026. Austin has transformed itself into a hotbed for technology companies and was recently designated as a top 10 Global Technology Innovation Hub City by KPMG. The Golden Triangle, a core market for Third Coast. Investment in Beaumont and Southeast Texas with $80 billion worth of current and planned industrial projects, more than $4.5 billion in infrastructure projects and more than $460 million in commercial and retail projects. This region is a strategic location seated along the Gulf Coast, 30 miles west of Louisiana and 90 miles east of Houston, businesses have access to more than 2.5 million people within a two-hour drive. Dallas MSA is the largest in Texas and the fourth largest in the U.S. and has been growing by approximately 322 residents every day. It boasts the largest gross domestic product in the state and the sixth largest in the nation. DFW headquarters 22 Fortune 500 companies including ExxonMobil, AT&T, American Airlines and Charles Schwab. It also hosts approximately 3.6 million working professionals and ranks first in the nation for total job growth from December 2015 through December 2020. Houston MSA is projected to grow approximately 7.6% over the next five years, ranking first among the nation's 10 largest MSAs and more than double the nationwide projected growth. Houston is the nation's fourth largest most populous city and fifth most populous metro area, with approximately 2.31 million and 7.05 million residents, respectively. It's a center for global trade, with the Houston Port ranking first among U.S. ports. It is also headquarters for 24 Fortune 500 companies and employs approximately 3.1 million working professionals. The population in the San Antonio MSA is projected to grow by approximately 7.6% over the next five years, compared to 6.8% for the state of Texas and 2.9% for the United States.

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![Slide 7](tcbx-ex99_2s7.jpg)

07 LINE OF BUSINESS DIVERSITY  COMMERCIAL BANKING Commercial lines of business include Community Banking, the foundation on which TCB is built and remains a core strength, Commercial Banking, and Corporate Banking, both built out of strong regional middle market banking teams focused on Gulf Coast, Houston, Central Texas, and DFW economies. Commercial Loans Lines of Credit Term Loans Owner-Occupied Real Estate & Investment Real Estate Equipment Financing Acquisition Financing CRE Community, Middle Market, and Corporate Banking SBA Member of the SBA Preferred Lenders Program, enabling expedited approval process for customers. Began as key element to serving small to medium-sized businesses. Small Business Loans Improved Real Estate Acquisition EXIM Financing TCCC Third Coast Commercial Capital was formed to provide working capital solutions for small to medium-sized businesses. Accounts Receivable Lending Factoring Ledgered Line of Credit Asset based Lines of Credit BUILDER FINANCE Expert bankers in the residential real estate market, began in second quarter of 2021. Specialty banking and lending solutions for private and publicly traded home building companies. Self contained business unit with stellar credit record. Homebuilder Master Planned Community Bond Anticipation Note Finance Institutional MORTGAGE Mortgage offers loans for Home Purchase, Home Refinance, Construction lending, and Investment Properties. Note: SBA, Mortgage, and TCCC lines of business do not individually make up a material portion of the total loan portfolio.

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![Slide 8](tcbx-ex99_2s8.jpg)

08 BALANCE SHEET GROWTH  $ in Millions TOTAL LOANS TOTAL DEPOSITS TOTAL ASSETS

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![Slide 9](tcbx-ex99_2s9.jpg)

09 PROFITABILITY  (1) Refer to the calculation of non-GAAP financial measures on page 21. NET INCOME - QUARTERLY TANGIBLE BOOK VALUE PER SHARE (1) DILUTED E.P.S. - QUARTERLY $ in Thousands

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![Slide 10](tcbx-ex99_2s10.jpg)

10 PROFITABILITY TRENDS  (1) Interim period annualized. NET INTEREST MARGIN – QUARTERLY (1) NONINTEREST EXP. TO AVG. EARNING ASSETS – QTRLY (1) EFFICIENCY RATIO - QUARTERLY

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![Slide 11](tcbx-ex99_2s11.jpg)

11 PROFITABILITY TRENDS  Interim period annualized. PRE-TAX, PRE-PROVISION ROAA – QUARTERLY (1) RETURN ON AVERAGE COMMON EQUITY – QUARTERLY (1) RETURN ON AVERAGE ASSETS – QUARTERLY (1)

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![Slide 12](tcbx-ex99_2s12.jpg)

12 CAPITAL RATIOS  Top graph assumes Preferred Stock is converted to Common Stock. Refer to the calculation of non-GAAP financial measures on page 22. TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS (1) (2) TOTAL RISK BASED CAPITAL RATIO - BANK TOTAL COMMON EQUITY TO TOTAL ASSETS

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![Slide 13](tcbx-ex99_2s13.jpg)

13 DEPOSIT BASE TRANSFORMATION  $ in Millions. A solid foundation of deposits.

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![Slide 14](tcbx-ex99_2s14.jpg)

14 LOAN COMPOSITION  A well-balanced, stable loan portfolio. $4.0 B in Loans \| As of 12.31.2024 Yield 7.80% \| NIM 3.67% $4.4 B in Loans \| As of 12.31.2025 Yield 7.68% \| NIM 4.06%

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![Slide 15](tcbx-ex99_2s15.jpg)

15 CREDIT TRENDS  Interim period annualized. NPA TO TOTAL ASSETS ACL TO TOTAL LOANS (1) NPL TO TOTAL LOANS NCOs to AVERAGE LOANS – QUARTERLY (1)

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![Slide 16](tcbx-ex99_2s16.jpg)

16 COMPREHENSIVE MONITORING Third Coast has a robust commitment to sound underwriting and comprehensive monitoring. Below is an overview of the comprehensive monitoring process.  Sets ticklers for financial reporting and covenant tracking Monitors receipts of updated financial documents Reviews and verifies borrower base calculations and compliance Reviews and verifies compliance with loan covenants Trend cards are kept on every borrower over $10MM and include: Income statement and balance metrics by quarter, YTD and TTM Margins, cash flow coverage/DSC, leverage, and other applicable ratios Covenant calculations prepared by borrower and prepared by bank, compliance with covenants Reviews and verifies borrowing base calculations and compliance Quarterly meetings are held to review all borrowers Annuals reviews are conducted on all borrowers Trend cards are kept on every borrower and include: Income statement and balance spreads Liquidity, sales and closings, accounts payable Projections and comparison to actual Stress testing of closings, revenue and profit margins Global inventory and breakeven number of units Borrowing Base monitoring and compliance A&D activity, curtailments, interest reserve stressed Market information is monitored monthly Monthly meetings are held to review compliance/noncompliance with covenants Quarterly meetings are held to review all borrowers Annual reviews are done on all borrowers Community Banking Monitoring Corporate Banking Monitoring Builder Finance Monitoring   

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![Slide 17](tcbx-ex99_2s17.jpg)

17 COMPLIANCE RISK MANAGEMENT Third Coast has a robust commitment to building a best-in-class compliance program. We are looking across all business processes, functions, assets, and outsourced entities to understand the full scope of risk. And we use that comprehensive view to foster risk awareness throughout our organization and culture.  We are documenting and mapping: Impacted business elements to risks and requirements. Processes, controls, and monitoring that mitigate risk to business elements. Outsources services to risks and coverage. We are creating real-time visibility though dashboards and reporting. We are transforming to a proactive: Change management program. Gap identification and remediation process. Monitoring and metrics process. We are converting to a quantitative risk assessment. Compliance Enhancements  Risk and Requirement Inventories Laws, Rules, and Regulations Risk Taxonomy Policies Business Elements Business Processes Technology Assets Products and Services Vendors Risk Management Controls Metrics, and Monitoring Testing Risk Assessment Issue Management Change Management

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![Slide 18](tcbx-ex99_2s18.jpg)

18 STRATEGIC INITIATIVES Evaluate opportunities within our existing metropolitan markets, Greater Houston, Dallas-Fort Worth, Austin, and San Antonio MSAs, to leverage our established branch network and enhance operational efficiencies. Continue to recruit strategic hires and potentially expand into new markets that will broaden the customer base; thereby increasing earning assets and deposits while diversifying our portfolio and operations. Remain open to strategic acquisition opportunities on a case-by-case basis.  Enhancement of supplemental, specialty, and commercial banking solutions. Investment in high-touch, high-technology solutions to remain relevant with customers. Evaluation of future business opportunities to broaden brand. Foster a culture of innovation that prioritizes efficiency and profitability as integral components. Enable the team to adapt to priorities in response to external factors. Emphasize core deposit growth through banker incentives and treasury management service offerings. Leverage dynamic Texas economy to grow customer base and market share. Leverage experienced management team, board, and bankers to grow customer base and market share through relationship-based banking. Generate shareholder value. Achieve consistent financial performance that positions Bank in top quartile of its peers. Operate a balanced-risk banking model: focusing on conservative credit culture for underwriting loans, customer acquisition for market share, core deposits for funding, and efficient operations. Regularly review and proactively adjust strategic initiatives to uphold competitive advantages in the financial services industry. MARKET EXPANSION PRODUCTS & SERVICES GROWTH STRATEGIES VALUE OBJECTIVES

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![Slide 19](tcbx-ex99_2s19.jpg)

19 INVESTMENT HIGHLIGHTS Highly experienced management team with over 100 years of combined financial services experience.  With locations encompassing the four largest metropolitan areas in Texas in and around Austin, Beaumont, Dallas-Fort Worth, Houston, and San Antonio, we are in one of the best economies in the country and the world. A high-touch relationship-driven approach to banking, allows for a competitive value proposition to customers and contributes to winning business from peer and larger institutions. We offer a well-diversified selection of products for customers large and small, with an agile response to market conditions and opportunities. EXPERIENCED TEAM MARKETS OF OPERATION RELATIONSHIP-DRIVEN DIVERSIFIED PRODUCTS TECHNOLOGY SERVICES DISCIPLINED UNDERWRITING ENTERPRISING MODEL TRANSFORMATIVE GROWTH Combined with our high-touch relationship approach to banking, our investment in high-tech solutions brings additional value to customers and contributes to winning and retaining business. Responsive and disciplined underwriting as well as comprehensive monitoring ensures a well-balanced and a risk-managed loan portfolio. Enterprising and agile business model that takes advantage of market opportunities such as our investment in the specialty banking platform that are driving prudent profitable growth. Investment in infrastructure, management, and operations positions the company for scalable growth that transforms the entrepreneurial community bank into a full- service commercial bank.

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20 BOARD OF DIRECTORS  NAME AGE AS OF 12/31/2025 TCBX DIRECTOR SINCE SUMMARY BIO Bart O. Caraway 54 2013 Serves as Founder, Chairman, President and CEO of the Company. A certified CPA since 1996, and a licensed attorney since 1999. Prior experience includes executive roles at several community banks, financial and consulting practice at audit firm. Carolyn Bailey 64 2020 Partner in tax services as E&Y from 2007 until retirement in 2019. Prior experience includes consulting large multinational companies on tax and accounting matters such as Continental Airlines and GE Capital as well as Ernst & Young. Dr. Martin Basaldua 74 2013 Licensed Physician since 1981. Founder of Vytalus Medical Group, PLLC. Prior experience includes organization of several hospitals and medical centers, as well as involvement on civic and nonprofit boards. Dennis Bonnen 53 2020 2008 founder of Heritage Bancorp which merged with Third Coast. Experience includes executive roles at a beverage distributor, consulting firm, and banks such as First Community, Moody National, and Wells Fargo. Former Texas Speaker of the House. Dr. Greg Bonnen 59 2023 Founded the Texas Brain and Spine Center. Experience includes a residency in neurosurgery, president of the board for the Medical Strategic Network, co-founder of Houston Physician's Hospital, and practices at Memorial Herman Southeast. W. Donald Brunson 81 2019 Retired, CPA since 1970s. Prior experience includes commercial banking and asset-based lending, public accounting, as well as co-founder and former chairman of the board of Bank of Houston. Lynn Chang Eisenhart 47 2024 Leadership team for the Bill & Melinda Gates Foundation's Strategic Investment Fund. Experience includes global fintech investment as well as prior positions in retail banking with Washington Mutual and technology with T-Mobile. Troy A. Glander 55 2013 Partner and member of A Nava & Glander, PLLC since 2012 which practices business litigation. Experience includes board positions with the Texas Association of Defense Counsel and Texas Exes, and significant business and legal expertise. Shelton J. McDonald 46 2019 Licensed Attorney since 2005. President and CEO of Joslin Construction Texas, LLC & Affiliated Companies. Prior experience at Houston-area law firms in business law. David Phelps 70 2023 Led the business advisory practice of Briggs & Veselka from 2004 until his retirement in 2020. Prior experience includes consulting, audit, advisory services, accounting, as well as positions on boards such as Uni. of Houston Acct. Advisory Board. Tony Scavuzzo 44 2022 Managing Principal of Castle Creek asset management firm since 2009. Experience includes several board positions such as Blue Ridge Bankshares, Pathfinder Bancorp, McGregor Bancshares, Texas Community Bancshares, and Central Payments LLC. Mary Brennan Stich 69 2024 Business lawyer since 1980s. Prior experience includes positions as an executive, c-suite advisor, and deputy general counsel for public and private companies such as Rackspace Technology and iHeart Media. Board member for Goodwill Industries. Joseph L. Stunja 74 2013 Retired, former Business Development Officer of the Bank from 2010 to 2016. Prior experience includes director and treasurer of the San Jacinto River Authority, president of Friendswood Development Company, and RE/MAX Associates Northeast. Reagan Swinbank 45 2020 Partner at Sprint Transport and related Sprint Companies. Previously held position on Heritage Bancorp board. Experience includes industrial services along the Texas and Louisiana gulf coast.

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21 Non-GAAP FINANCIAL MEASURES  For the Year Ended December 31, (Dollars in thousands, except share and per share data) 2021 2022 2023 2024 2025 Tangible Common Equity Total shareholders' equity $299,007 $381,780 $411,974 $460,719 $531,027 Less: Preferred stock including additional paid in capital - 66,225 66,225 66,160 66,160 Total common equity 299,007 315,555 345,749 394,559 464,867 Less: Goodwill and core deposit intangibles, net 19,326 19,165 19,003 18,841 18,680 Tangible common equity $279,681 $296,390 $326,746 $375,718 $446,187 Tangible Book Value Common shares outstanding at end of period 13,403,324 13,531,736 13,604,665 13,769,780 13,891,055 Book Value Per Share $22.31 $23.32 $25.41 $28.65 $33.47 Tangible Book Value Per Share $20.87 $21.90 $24.02 $27.29 $32.12 Return on Average Tangible Common Equity Average shareholders' equity $170,630 $323,685 $397,224 $440,184 $499,315 Less: Average preferred stock including additional paid in capital - 16,900 66,225 66,198 66,160 Average common equity 170,630 306,785 330,999 373,986 433,155 Less: Average goodwill and core deposit intangibles, net 19,404 19,245 19,088 18,926 18,765 Average tangible common equity $151,226 $287,540 $311,911 $355,060 $414,390 Net Income $11,424 $18,659 $33,401 $47,671 $66,291 Less: Dividends declared on preferred stock - 1,418 4,736 4,749 4,750 Net Income Available to Common Shareholders $11,424 $17,241 $28,665 $42,922 $61,541 Return on Average Common Equity 6.70% 5.62% 8.66% 11.48% 14.21% Return on Average Tangible Common Equity 7.55% 6.00% 9.19% 12.09% 14.85%

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22 Non-GAAP FINANCIAL MEASURES  As of and for the Three Months Ended 2022 2023 2024 2025 (Dollars in thousands, except share and per share data) December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 Tangible Common Equity Total shareholders' equity $381,780 $387,044 $395,945 $400,331 $411,974 $423,618 $434,998 $450,548 $460,719 $479,786 $496,115 $513,830 $531,027 Less: Preferred stock including additional paid in capital 66,225 66,225 66,225 66,225 66,225 66,225 66,225 66,117 66,160 66,160 66,160 66,160 66,160 Total common equity 315,555 320,819 329,720 334,106 345,749 357,393 368,773 384,431 394,559 413,626 429,955 447,670 464,867 Less: Goodwill and core deposit intangibles, net 19,165 19,124 19,084 19,043 19,003 18,963 18,922 18,882 18,841 18,801 18,761 18,720 18,680 Tangible common equity $296,390 $301,695 $310,636 $315,063 $326,746 $338,430 $349,851 $365,549 $375,718 $394,825 $411,194 $428,950 $446,187 Tangible Book Value Common shares outstanding at end of period 13,531,736 13,579,498 13,609,697 13,600,211 13,604,665 13,652,888 13,665,505 13,667,591 13,769,780 13,825,286 13,851,581 13,879,099 13,891,055 Book Value Per Share $23.32 $23.63 $24.23 $24.57 $25.41 $26.18 $26.99 $28.13 $28.65 $29.92 $31.04 $32.25 $33.47 Tangible Book Value Per Share $21.90 $22.22 $22.82 $23.17 $24.02 $24.79 $25.60 $26.75 $27.29 $28.56 $29.69 $30.91 $32.12 Tangible Common Equity to Tangible Assets Total assets $3,773,148 $3,859,657 $3,963,482 $4,215,792 $4,396,074 $4,660,403 $4,474,119 $4,627,770 $4,942,446 $4,896,989 $4,943,771 $5,061,808 $5,340,759 Adjustments: Goodwill and core deposit intangibles, net 19,165 19,124 19,084 19,043 19,003 18,963 18,922 18,882 18,841 18,801 18,761 18,720 18,680 Tangible assets $3,753,983 $3,840,533 $3,944,398 $4,196,749 $4,377,071 $4,641,440 $4,455,197 $4,608,888 $4,923,605 $4,878,188 $4,925,010 $5,043,088 $5,322,079 Total Common Equity to Total Assets 8.36% 8.31% 8.32% 7.93% 7.86% 7.67% 8.24% 8.31% 7.98% 8.45% 8.70% 8.84% 8.70% Tangible Common Equity to Tangible Assets 7.90% 7.86% 7.88% 7.51% 7.46% 7.29% 7.85% 7.93% 7.63% 8.09% 8.35% 8.51% 8.38% Tangible Common Equity assuming Preferred Stock is converted to Common Stock 362,615 367,920 376,861 381,288 392,971 404,655 416,076 431,666 441,878 460,985 477,354 495,110 512,347 Tangible Common Equity to Tangible Asssets assuming Preferred Stock is converted to Common Stock 9.66% 9.58% 9.55% 9.09% 8.98% 8.72% 9.34% 9.37% 8.97% 9.45% 9.69% 9.82% 9.63% Continued next page.

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23 Non-GAAP FINANCIAL MEASURES  Return on Average Tangible Common Equity Average shareholders' equity $381,271 $384,794 $393,773 $402,049 $407,972 $420,646 $433,510 $446,124 $460,169 $472,041 $490,741 $508,034 $525,759 Less: Average preferred stock including additional paid in capital 66,329 66,225 66,225 66,225 66,225 66,225 66,225 66,223 66,121 66,160 66,160 66,160 66,160 Average common equity 314,942 318,569 327,548 335,824 341,747 354,421 367,285 379,901 394,048 405,881 424,581 441,874 459,599 Less: Average goodwill and core deposit intangibles, net 19,184 19,149 19,108 19,068 19,027 18,987 18,946 18,906 18,865 18,826 18,784 18,746 18,705 Average tangible common equity $295,758 $299,420 $308,440 $316,756 $322,720 $335,434 $348,339 $360,995 $375,183 $387,055 $405,797 $423,128 $440,894 Net Income $7,525 $9,243 $8,891 $5,578 $9,689 $10,367 $10,796 $12,775 $13,733 $13,589 $16,747 $18,057 $17,898 Less: Dividends declared on preferred stock 1,418 1,171 1,184 1,184 1,197 1,171 1,184 1,198 1,196 1,171 1,185 1,197 1,197 Net Income Available to Common Shareholders $6,107 $8,072 $7,707 $4,394 $8,492 $9,196 $9,612 $11,577 $12,537 $12,418 $15,562 $16,860 $16,701 Return on Average Common Equity(A) 7.69% 10.28% 9.44% 5.19% 9.86% 10.44% 10.53% 12.12% 12.66% 12.41% 14.70% 15.14% 14.42% Return on Average Tangible Common Equity(A) 8.19% 10.93% 10.02% 5.50% 10.44% 11.03% 11.10% 12.76% 13.29% 13.01% 15.38% 15.81% 15.03% (A) Interim periods annualized. As of and for the Three Months Ended 2022 2023 2024 2025 (Dollars in thousands, except share and per share data) December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31 March 31 June 30 September 30 December 31

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THIRD COASTBANCSHARES, INC. NYSE & NYSE Texas: TCBX Thank you!© 2026 Third Coast Bancshares, Inc.