Business Context and Reporting Period
Third Coast Bancshares, Inc. filed a Form 8-K on October 14, 2022 under Item 8.01 to report a quarterly dividend declaration on its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The company’s common stock trades on Nasdaq under the symbol TCBX.
Key Financial Information
- Preferred dividend: $3.1875 per share.
- Payment date: October 17, 2022.
- Record date: September 30, 2022.
- The filing does not provide revenue, net income, cash flow, margins, debt, liquidity, or other operating financial metrics.
Material Changes Versus Prior Comparable Period
The filing does not provide comparative-period financial information or identify changes in operating performance. It reports only the current quarterly preferred-stock dividend declaration.
Guidance, Outlook, Risks, and Unusual Items
The filing includes a press release as Exhibit 99.1, including cautionary language regarding forward-looking statements. No specific guidance, outlook, contingencies, or unusual operating items are described in the provided filing text.
Important Facts to Verify
- Confirm the $3.1875 per-share dividend payment to eligible holders on October 17, 2022.
- Review the attached Exhibit 99.1 for the complete press release and forward-looking-statement disclosures.
- Confirm the terms of the 6.75% Series A Convertible Non-Cumulative Preferred Stock, including conversion and dividend provisions.