Latest Ratios: P/E Ratio 10.8x · EV/EBITDA 6.0x · ROE 13.4%. (2019–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $577M | $622M | $582M | $335M | $254M | $211M | — | — |
| Enterprise Value | $539M | $584M | $343M | $180M | $53M | $-114412780 | — | — |
| P/E Ratio → | 10.80 | 10.03 | 12.21 | 10.04 | 14.74 | 18.56 | — | — |
| P/S Ratio | 1.57 | 1.70 | 1.72 | 1.22 | 1.58 | 2.05 | — | — |
| P/B Ratio | 1.26 | 1.17 | 1.26 | 0.81 | 0.66 | 0.71 | — | — |
| P/FCF | 11.98 | 12.92 | 17.43 | 9.41 | 26.40 | — | — | — |
| P/OCF | 11.35 | 12.24 | 16.56 | 8.58 | 11.63 | 46.13 | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.59 | 1.01 | 0.66 | 0.33 | -1.11 | — | — |
| EV / EBITDA | 5.98 | 6.48 | 5.20 | 3.95 | 2.06 | -8.05 | — | — |
| EV / EBIT | 6.34 | 6.87 | 5.59 | 4.33 | 2.29 | -7.90 | — | — |
| EV / FCF | — | 12.12 | 10.27 | 5.05 | 5.53 | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.3% | 55.3% | 48.7% | 51.3% | 69.0% | 80.6% | 73.8% | 65.0% |
| Operating Margin | 23.2% | 23.2% | 18.1% | 15.2% | 14.5% | 14.0% | 18.7% | 6.4% |
| Net Profit Margin | 18.1% | 18.1% | 14.1% | 12.2% | 11.6% | 11.1% | 14.5% | 4.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | 13.4% | 13.4% | 10.9% | 8.4% | 5.5% | 5.4% | 13.5% | 4.2% |
| ROA | 1.3% | 1.3% | 1.0% | 0.8% | 0.6% | 0.5% | 0.9% | 0.3% |
| ROIC | 10.1% | 10.1% | 8.0% | 5.9% | 4.3% | 4.8% | 9.6% | 2.8% |
| ROCE | 13.4% | 13.4% | 10.7% | 7.9% | 5.4% | 4.9% | 8.9% | 2.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.26 | 0.26 | 0.29 | 0.34 | 0.34 | 0.00 | 0.28 | 0.53 |
| Debt / EBITDA | 1.52 | 1.52 | 2.01 | 3.11 | 5.03 | 0.07 | 2.16 | 7.40 |
| Net Debt / Equity | — | -0.07 | -0.52 | -0.38 | -0.52 | -1.09 | -1.38 | -1.14 |
| Net Debt / EBITDA | -0.43 | -0.43 | -3.62 | -3.41 | -7.79 | -22.93 | -10.68 | -15.96 |
| Debt / FCF | — | -0.80 | -7.16 | -4.36 | -20.87 | — | — | -107.16 |
| Interest Coverage | 0.54 | 0.54 | 0.37 | 0.33 | 0.62 | 1.44 | 1.09 | 0.20 |
Net cash position: cash ($175M) exceeds total debt ($137M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.09 | 0.09 | 0.18 | 0.13 | 0.16 | 0.17 | 0.15 | 0.12 |
| Quick Ratio | 0.09 | 0.09 | 0.18 | 0.13 | 0.16 | 0.17 | 0.15 | 0.12 |
| Cash Ratio | 0.04 | 0.04 | 0.09 | 0.08 | 0.10 | 0.15 | 0.12 | 0.12 |
| Asset Turnover | — | 0.07 | 0.07 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 0.8% | 0.8% | 1.4% | 0.1% | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.3% | 10.0% | 8.2% | 10.0% | 6.8% | 5.4% | — | — |
| FCF Yield | 8.3% | 7.7% | 5.7% | 10.6% | 3.8% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | — | — |
| Total Shareholder Yield | 0.7% | 0.8% | 0.8% | 1.4% | 0.1% | 0.1% | — | — |
| Shares Outstanding | — | $16M | $17M | $17M | $14M | $8M | $6M | $7M |
Geographic concentration in Texas
Based on current market data, TCBX trades at a P/B ratio of 1.26, which suggests that investors are pricing the bank as a growth-oriented regional franchise rather than a commodity balance sheet, despite the relatively modest return on equity figures reported in recent quarterly filings.
The 1.26 P/B multiple indicates a premium valuation relative to book value, likely driven by the bank's aggressive expansion into the Texas Golden Triangle. Investors appear to be looking past the current low ROE, which has hovered between 2.4% and 3.6%, in anticipation of future scale-driven margin improvements.
According to the provided financial data, the bank's ROE has remained in a narrow 2.4% to 3.6% range, indicating that profitability is currently constrained by a thin net interest margin that has struggled to exceed 1.0% over the last ten quarters of operations.
The DuPont decomposition suggests that the bank's profitability is heavily reliant on asset growth rather than high-margin efficiency. With an equity-to-assets ratio consistently near 0.10, the bank is operating with moderate leverage, meaning that significant ROE expansion will likely require either a structural widening of the NIM or a more aggressive contribution from non-interest income.
As reported in the quarterly financial statements, the efficiency ratio has fluctuated between 29.8% and 37.6%, reflecting the ongoing costs associated with the bank's rapid expansion of its physical branch footprint across key Texas metropolitan markets during the current growth cycle.
The upward trend in the efficiency ratio toward 37.6% suggests that operating expenses are currently outpacing revenue growth, which warrants further investigation into the bank's ability to achieve operating leverage. If the bank cannot stabilize these costs, the current expansion strategy may continue to exert downward pressure on overall profitability metrics.
The P/E ratio is the most commonly misapplied metric for TCBX, as it obscures the impact of non-cash provision for credit losses and the bank's aggressive capital reinvestment strategy, which together render earnings-based valuation less reliable than tangible book value analysis.
Investors should prioritize P/TBV over P/E because the latter is highly sensitive to the timing of credit loss provisions, which can create artificial volatility in reported net income. Relying on P/E ignores the bank's capital-intensive growth phase, where earnings are intentionally suppressed to fund long-term asset expansion.
Includes 30+ ratios · 7 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying TCBX stock.
Third Coast Bancshares, Inc.'s current P/E ratio is 10.8x. The historical average is 13.1x. This places it at the 40th percentile of its historical range.
Third Coast Bancshares, Inc.'s current EV/EBITDA is 6.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.4x.
Third Coast Bancshares, Inc.'s return on equity (ROE) is 13.4%. The historical average is 8.8%.
Based on historical data, Third Coast Bancshares, Inc. is trading at a P/E of 10.8x. This is at the 40th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Third Coast Bancshares, Inc.'s current dividend yield is 0.71%.
Third Coast Bancshares, Inc. has 55.3% gross margin and 23.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Third Coast Bancshares, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.