Third Coast Bancshares Declares Quarterly Dividend on Series A Convertible Preferred Stock
Third Coast Bancshares Inc., the parent company of Third Coast Bank, has declared a quarterly cash dividend of $17.25 per share for its 6.75% Series A Convertible Non-Cumulative Preferred Stock. The payment is scheduled to be made on October 15, 2026, to shareholders who are registered as of September 30, 2026. The company operates primarily in major Texas markets through its subsidiary bank and has expanded significantly since its founding in 2008. The announcement reflects the board's confidence in maintaining consistent returns for preferred stockholders despite economic uncertainties highlighted by potential risks such as interest rate fluctuations and credit risk, which are outlined in their SEC filings. This dividend declaration is part of a broader strategy to support shareholder value while navigating market conditions that could impact financial performance.
Tickers: $TCBX
Topics: dividends preferred_stock