Third Coast Bancshares Reports Record Earnings for Second Quarter 2026

The Houston-based financial group reported net income of $22.0 million for the quarter ending June 30, 2026, marking a significant rise from the $16.4 million recorded in the first quarter. This growth was bolstered by the sale of substantially all assets of Third Coast Commercial Capital, which generated a $3.5 million gain. Net interest margin expanded to 3.83%, up from 3.67% in the previous quarter, as the bank effectively managed interest-bearing deposit costs.

Gross loans reached $5.44 billion by mid-year, a 3.5% increase from March 31, 2026, driven primarily by strong performance in the commercial and industrial sector. While nonperforming loans decreased to $30.0 million from $35.6 million in the first quarter, the company increased its provision for credit losses to $2.1 million. Bart Caraway, CEO of Third Coast, attributed the results to disciplined expense management and a focus on attracting high-quality deposits. The bank, which operates 21 branches across major Texas metropolitan markets, continues to target expansion and talent acquisition for the remainder of the year.