Recent Updates — TCBX
Third Coast Bancshares, Inc. entered into an Agreement and Plan of Reorganization with Great Plains Bancshares, Inc., under which a Third Coast subsidiary will merge with Great Plains, followed by an integrated second-step merger. Great Plains shareholders will receive shares of Third Coast common stock based on an exchange ratio derived from $5,570,352 divided by the number of outstanding Great Plains shares. The transaction requires approval from both companies' shareholders and regulatory bodies, with a termination fee of approximately $12 million. Third Coast Bancshares operates as a bank holding company in Texas.
Third Coast Bancshares, Inc. has entered into a definitive merger agreement to acquire Great Plains Bancshares, Inc. in an all-stock transaction valued at approximately $239.6 million based on Third Coast’s closing stock price as of October 6, 2026. Under the terms, shareholders of Great Plains will receive shares of Third Coast common stock, resulting in pro forma equity ownership of approximately 78% by Third Coast and 22% by Great Plains. The combined entity is expected to have approximately $9 billion in assets following completion. The transaction requires approval from both companies' boards and shareholders, as well as regulatory clearance, with closing anticipated in the first quarter of 2027. Third Coast Bancshares, Inc. is a Texas-based bank holding company operating through its subsidiary Third Coast Bank.
Third Coast Bancshares, Inc. announced that Jeffrey A. Wilkinson resigned from its Board of Directors effective September 17, 2026. The resignation was not due to any disagreement with the company regarding operations, policies, or practices. Third Coast Bancshares operates in the banking industry as a bank holding company.
Third Coast Bancshares, Inc. declared a quarterly cash dividend of $17.25 per share on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The payment is scheduled for October 15, 2026, to shareholders of record as of the close of business on September 30, 2026. Third Coast Bancshares, Inc. is a commercially focused bank holding company operating primarily in Texas through its subsidiary, Third Coast Bank.
Third Coast Bancshares, Inc. reported second quarter 2026 financial results with net income of $22.0 million, or $1.08 diluted EPS, and a net interest margin of 3.83%. Gross loans grew to $5.44 billion as of June 30, 2026, and the company recognized a $3.5 million gain from the sale of substantially all assets of Third Coast Commercial Capital, Inc. on June 25, 2026. The company operates as a commercially focused bank holding company in Texas.
On July 13, 2026, Third Coast Bancshares, Inc. announced the completed sale of substantially all assets of its wholly owned subsidiary, Third Coast Commercial Capital, Inc., to Gulf Coast Bank & Trust Company. The transaction was effective as of June 25, 2026. Third Coast Bancshares, Inc. is a bank holding company operating in the financial services industry.