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Third Coast Bancshares, Inc. TCBX Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

Shore Bancshares logo
Shore BancsharesSHBI
$33K-93.8%
Bank First Corporation logo
Bank First CorporationBFC
$743K+82.6%
Customers Bancorp logo
Customers BancorpCUBI
$3.08M-33.8%
Carter Bankshares, Inc. logo
Carter Bankshares, Inc.CARE
$436K+27.9%
CTB
Community Trust BancorpCTBI

Other financials

Income statement

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Revenue$57.7M+25.6%
Net income$16.4M+20.5%
EPS (diluted)$0.88+12.8%

Balance sheet

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Cash & equivalents$425.2M+94.2%
Total debt$18.7M-8.6%
Total assets$6.6B+34.4%

Cash flow

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Operating cash flow-$38.7M-469%
CapEx$14.1M+2,783%
Free cash flow-$52.8M-629%

Valuation

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Market cap$669.49M+57.7%
Enterprise value$262.99M+16.4%
P/E9.7×+1.4×
P/S+0.6×

Profitability

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Net margin31.3%+2.5pp
FCF margin-6.6%

Where this comes from

Reported directly by Third Coast Bancshares, Inc. in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.

The official record: Third Coast Bancshares, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Third Coast Bancshares, Inc.'s bank owned life insurance income?
Third Coast Bancshares, Inc. (TCBX) reported bank owned life insurance income of $750K in Q1 2026.
How has Third Coast Bancshares, Inc.'s bank owned life insurance income changed year-over-year?
Third Coast Bancshares, Inc.'s bank owned life insurance income increased by 10.8% year-over-year, from $677K to $750K.
What is the long-term trend for Third Coast Bancshares, Inc.'s bank owned life insurance income?
Over 4 years (2021 to 2025), Third Coast Bancshares, Inc.'s bank owned life insurance income has grown at a 51.9% compound annual growth rate (CAGR), from $567K to $3.02M.
What does bank owned life insurance income mean?
Captures the income generated from the cash surrender value growth of life insurance policies held by the bank on its employees or executives. This serves as a tax-advantaged financial instrument used to offset the costs of employee benefit programs. It represents a stable, non-interest income stream that supports the bank's overall profitability.