Every material Form 8-K Third Coast Bancshares, Inc. has filed with the SEC since October 07, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Third Coast Bancshares reported third-quarter 2026 net income of $19.0 million, or $0.93 per diluted share, up from $18.1 million but down from $1.03 per diluted share a year earlier, and down from $22.0 million in the second quarter. Net interest income rose 17.1% year over year to $59.5 million, while higher expenses, including $3.2 million of acquisition-related costs, weighed on results. The company also announced a definitive all-stock agreement on October 7, 2026 to acquire Great Plains Bancshares, valued at approximately $239.6 million, with closing expected in the first quarter of 2027.
Net income $19.0 million, or $0.93 diluted EPS, versus $22.0 million, or $1.08, in Q2 2026 and $18.1 million, or $1.03, in Q3 2025
Net interest margin 3.70%, down from 3.83% in Q2 2026 and 4.10% in Q3 2025; efficiency ratio 63.10% vs. 56.51% in Q2 2026
Pending all-stock acquisition of Great Plains Bancshares, Inc. valued at approximately $239.6 million, expected to close in Q1 2027
Investor call scheduled for Thursday, October 22, 2026, at 10:00 a.m. Central Time
On October 6, 2026, Third Coast Bancshares entered into an agreement to acquire Great Plains Bancshares, parent of Great Plains National Bank in Elk City, Oklahoma, through a two-step merger in which Great Plains shares convert into Third Coast common stock. The deal requires approval from shareholders of both companies, regulatory approvals and the effectiveness of a Form S-4, and it would increase the number of Third Coast shares outstanding.
Agreement dated October 6, 2026; Great Plains shareholders holding about 27.6% of Great Plains stock signed a voting agreement to support the merger.
Exchange ratio equals 5,570,352 divided by Great Plains shares outstanding at closing, and is reduced if Great Plains delivers less than $153,300,000 of adjusted capital, surplus and retained earnings.
Great Plains would pay a termination fee of $11,981,827 in certain circumstances, including those involving alternative acquisition proposals.
Either party may terminate if the merger is not completed by September 30, 2027; the Company is to add two directors, Todd Taylor and Paul M. Dickinson, to its board at closing.
Third Coast Bancshares (TCBX) agreed on October 6, 2026 to acquire Great Plains Bancshares in an all-stock deal valued at about $239.6 million, based on Third Coast's October 6 closing price. The combined company is expected to have about $9 billion in assets, and Great Plains shareholders would own about 22% of Third Coast after closing, which means existing Third Coast shareholders would be diluted. The deal is expected to close in the first quarter of 2027, subject to regulatory and shareholder approvals.
Transaction valued at about $239.6 million, all in Third Coast common stock, with 5,570,352 shares to be issued
Pro forma ownership of about 78% for Third Coast shareholders and 22% for Great Plains shareholders
Great Plains reported about $1.9 billion in total assets as of June 30, 2026, with a 23-branch footprint across Oklahoma and Texas
Expected close in the first quarter of 2027, subject to regulatory approvals and shareholder votes at both companies
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Third Coast Bancshares, Inc. filing is on SEC EDGAR ↗. 8-K briefs of other companies →