About Third Coast Bank
Third Coast Bank is a company based in Humble (United States) founded in 2008.. Third Coast Bank has raised $70.51 million across 2 funding rounds. The company has 369 employees as of December 31, 2024. Third Coast Bank offers products and services including Online Banking, Contactless Debit Cards, and Business Loans. Third Coast Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Humble, United States
- Employees 369 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Third Coast Bancshares, Inc.
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Annual Revenue
$338.98 M23.38as on Dec 31, 2024
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Net Profit
$47.67 M42.72as on Dec 31, 2024
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EBITDA
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Total Equity Funding
$70.51 M (USD)
in 2 rounds
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Latest Funding Round
$82.25 M (USD), Debt – Conventional
Mar 31, 2022
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Investors
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Employee Count
369
as on Dec 31, 2024
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IPO & Listings of Third Coast Bank
Third Coast Bank is a publicly listed company on the NASDAQ with ticker symbol TCBX in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Third Coast Bank
Third Coast Bank offers a comprehensive portfolio of products and services, including Online Banking, Contactless Debit Cards, and Business Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for secure account management and transactions online
Cards enabling tap-to-pay for quick and secure purchases
Financial products for business growth and operations
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Funding Insights of Third Coast Bank
Third Coast Bank has successfully raised a total of $70.51M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $82.25 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $82.2M
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First Round
First Round
(23 Jun 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Debt – Conventional - Third Coast Bank | Valuation |
investors |
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| Jun, 2021 | Amount | Series C - Third Coast Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Third Coast Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Third Coast Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Third Coast Bank Comparisons
Competitors of Third Coast Bank
Third Coast Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Third Coast Bank
Frequently Asked Questions about Third Coast Bank
When was Third Coast Bank founded?
Third Coast Bank was founded in 2008 and raised its 1st funding round 13 years after it was founded.
Where is Third Coast Bank located?
Third Coast Bank is headquartered in Humble, United States. It is registered at Humble, Texas, United States.
Who is the current CEO of Third Coast Bank?
Bart O Caraway is the current CEO of Third Coast Bank.
Is Third Coast Bank a funded company?
Third Coast Bank is a funded company, having raised a total of $70.51M across 2 funding rounds to date. The company's 1st funding round was a Series C of $70.51M, raised on Jun 23, 2021.
How many employees does Third Coast Bank have?
As of Dec 31, 2024, the latest employee count at Third Coast Bank is 369.
What is the annual revenue of Third Coast Bank?
Annual revenue of Third Coast Bank is $338.98M as on Dec 31, 2024.
What does Third Coast Bank do?
Third Coast Bank was established in 2008 and is based in Humble, Texas, United States. Banking services for commercial and personal needs are offered, encompassing online banking, business loans, and mortgage options. Operations center on the Texas region, where local decision-making is applied to support customer relationships and community development within the financial sector.
Who are the top competitors of Third Coast Bank?
What products or services does Third Coast Bank offer?
Third Coast Bank offers Online Banking, Contactless Debit Cards, and Business Loans.
Is Third Coast Bank publicly traded?
Yes, Third Coast Bank is publicly traded on NASDAQ under the ticker symbol TCBX.
What is Third Coast Bank's ticker symbol?
The ticker symbol of Third Coast Bank is TCBX on NASDAQ.