Third Coast Bancshares Announces Dividend for Preferred Stockholders
Third Coast Bancshares Declares Quarterly Cash Dividend
Third Coast Bancshares, Inc. (NASDAQ: TCBX), the holding company behind Third Coast Bank, has made an exciting announcement regarding its commitment to rewarding shareholders. The Board of Directors has declared a dividend of $17.25 per share, specifically for its 6.75% Series A Convertible Non-Cumulative Preferred Stock. This dividend serves as a testament to the company's ongoing stability and dedication to its investors.
Dividend Payment Details
The declared dividend will be paid on October 15 to all shareholders who are on record by the close of business on September 30. This strategic move indicates the bank’s intent to maintain shareholder trust and provide value even amidst the fluctuating financial landscape.
About Third Coast Bancshares
Founded in 2008, Third Coast Bancshares, Inc. is a well-structured, Texas-based bank holding company. It operates primarily across significant metropolitan markets, with a strong presence in various regions. The company runs through its wholly owned subsidiary, Third Coast Bank, facilitating banking services through 19 branches located in the largest metropolitan areas of Texas.
Commitment to Growth
Throughout its operations, Third Coast Bank has continually focused on ensuring that its infrastructure supports growth while catering to the specific needs of its customers. The bank's strategy involves not only maintaining solid deposit relationships but also capitalizing on the opportunities for expansion available within the dynamic Texas market.
Strengthening Investor Relations
The declaration of this dividend underscores Third Coast Bancshares’ commitment to enhancing its relationship with investors. By issuing consistent dividends, the company aims to assure shareholders of its solid financial footing and strategic growth potential.
Future Prospects
Looking ahead, Third Coast Bancshares is well-positioned to navigate market fluctuations and capitalize on emerging opportunities. The bank's trajectory reflects a dedication to innovation and client satisfaction, which will likely bolster its position in the industry.
Contact Information
For more inquiries or detailed information regarding the bank's operations or financial reports, interested parties can reach out to the Investor Relations team at Third Coast Bancshares. Professional contacts include Ken Dennard and Natalie Hairston, available at (713) 529-6600 to engage with shareholders and provide insights into business operations.
Frequently Asked Questions
What is the announced dividend amount for Third Coast Bancshares?
The company has declared a quarterly cash dividend of $17.25 per share.
When will the dividend be paid?
The dividend is set to be paid on October 15 to shareholders on record by September 30.
Where does Third Coast Bancshares operate?
The holding company operates primarily in major Texas metropolitan areas, including significant markets across the state.
What is the mission of Third Coast Bancshares?
Third Coast Bancshares aims to provide comprehensive banking services that cater to the diverse needs of its customers while ensuring strong financial performance.
Who can I contact for more information about the bank?
For inquiries, you can contact Ken Dennard or Natalie Hairston at (713) 529-6600 for further assistance on the company's activities.
About The Author
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