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Third Coast Bancshares (Third Coast Bancshares) Scaled Net Operating Assets : -0.01 (As of Mar. 2024)


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What is Third Coast Bancshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Third Coast Bancshares's operating assets for the quarter that ended in Mar. 2024 was $4,046.3 Mil. Third Coast Bancshares's operating liabilities for the quarter that ended in Mar. 2024 was $4,090.7 Mil. Third Coast Bancshares's Total Assets for the quarter that ended in Dec. 2023 was $4,396.1 Mil. Therefore, Third Coast Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2024 was -0.01.

Third Coast Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Third Coast Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(4099.148-3842.392)/3773.148
=0.07

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4396.074 - 296.926
=4099.148

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3984.1 - 102.833 - 38.875
=3842.392

Third Coast Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2024 )
=(Operating Assets (Q: Mar. 2024 )-Operating Liabilities (Q: Mar. 2024 ))/Total Assets (Q: Dec. 2023 )
=(4046.281-4090.658)/4396.074
=-0.01

where

Operating Assets(Q: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=4660.403 - 614.122
=4046.281

Operating Liabilities(Q: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4236.785 - 102.252 - 43.875
=4090.658

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Third Coast Bancshares Scaled Net Operating Assets Related Terms

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Third Coast Bancshares (Third Coast Bancshares) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Third Coast Bancshares Inc (NAS:TCBX) » Definitions » Scaled Net Operating Assets
Comparable Companies
PCB FFBB SCZC NWFL PBFS SFST USCB NECB RBB RVRF CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
20202 Highway 59 North, Suite 190, Humble, TX, USA, 77338
Website
https://www.tcbssb.com
Third Coast Bancshares Inc is a bank holding company. It focuses on providing commercial banking solutions to small and medium-sized businesses and professionals with operations in its markets. The bank operates eleven branches in the Greater Houston, Dallas-Fort Worth, and Austin-San Antonio markets, and one branch in Detroit, Texas.
Executives
William Bobbora officer: See Remarks 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
David R Phelps director 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Vicki Alexander officer: See Remarks 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Richard J Mcwhorter officer: Chief Financial Officer
Dennis Bonnen director 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Audrey Duncan officer: See Remarks 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Michael Deckert officer: See Remarks 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Christopher Seay Peacock officer: See Remarks 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Tony Scavuzzo director 102 E. FRONT ST., MONROE MI 48161
Martin Basaldua director 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Carolyn Bailey director 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Bart Caraway director, officer: See Remarks 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Joseph Stunja director 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Shelton Mcdonald director 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338
Donald C Legato officer: See Remarks 20202 HIGHWAY 59 NORTH, SUITE 190, HUMBLE TX 77338