Third Coast Bancshares (TCBX) Registration Filing summary

Company overview and business model

• Bank holding company headquartered in Humble, Texas, operating through a wholly owned bank subsidiary and a commercial capital subsidiary, focusing on commercial banking for small and medium-sized businesses and professionals in Texas markets.

• Operates 19 branches across Greater Houston, Dallas-Fort Worth, Austin-San Antonio, and Detroit, Texas, with $4.47 billion in assets, $3.76 billion in loans, $3.86 billion in deposits, and $435 million in shareholders' equity as of June 30, 2024.

Financial performance and metrics

• As of June 30, 2024: total assets $4.47 billion, total loans $3.76 billion, total deposits $3.86 billion, total shareholders' equity $435 million.

Use of proceeds and capital allocation

• Will not receive proceeds from securities sold by selling securityholders; will receive cash only if warrants are exercised for cash, which may be used for general corporate purposes or contributed to the bank.