Stock fact sheet · data as of
Third Coast Bancshares, Inc. (TCBX): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · High Growth
Is TCBX undervalued?
Third Coast Bancshares, Inc. (TCBX) closed at 41.20 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 103.49, which puts the price 60% below it. 7 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
There is a wide gap between DCF (38.34) and GLS Growth (329.61). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files TCBX under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for TCBX
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 38.34 | -7% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 76.73 | +86% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 163.29 | +296% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 60.62 | +47% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 329.61 | +700% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 54.21 | +32% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 45.28 | +10% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 59.82 | +45% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -263.05 | -738% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 49.00 | +19% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Third Coast Bancshares, Inc. scores only 4 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 8.0/10 puts TCBX among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are moderate - ROIC 9.9%, ROE 12.5%, ROA 1.2% - with debt at 0.26 times equity and a free-cash-flow yield of 2.3%.
Third Coast Bancshares, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 9/10, insider activity 7/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 9.9% |
|---|---|---|---|
| GLS Moat | 8.0 / 10 | ROE | 12.5% |
| Debt / equity | 0.26 | ROA | 1.2% |
| Free-cash-flow yield | 2.3% | Payout ratio | 6% |
| Institutions | 9 / 10 | Insiders · Congress | 7 · 5 / 10 |
Wheel Score 73: Good
With a Wheel Score of 73 - the Good band - Third Coast Bancshares, Inc. clears the Sunday Scan's "70 or higher" rule. The parts: Value 25/25, Health 9/20, Moat 12/15, Premium 20/20, Stability 7/20; Stability (7/20) scores lowest.
Implied volatility is 39% on the near-the-money contracts 20-60 days out - inside the 35-60% range the Wheel Score pays full marks for: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 224 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 93k shares a day on a market cap of $686M, with a beta of 0.65 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 7 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 60% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 12 / 15 | moat 8.0/10 | |
| Premium | 20 / 20 | implied volatility 39% | |
| Stability | 7 / 20 | 93k shares/day, $686M cap, beta 0.65 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Third Coast Bancshares, Inc. reports earnings on 21 Oct 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to Third Coast Bancshares, Inc. by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AROW Arrow Financial Corporation | 36.80 | 45.19 | +19% | 70Good | $682M |
| PFIS Peoples Financial Services Corp. | 67.58 | 93.27 | +28% | 39No options | $677M |
| BCAL California BanCorp | 21.71 | 39.91 | +46% | 39No options | $698M |
| WASH Washington Trust Bancorp, Inc. | 36.74 | 44.17 | +17% | 67Good | $701M |
| CARE Carter Bankshares, Inc. | 30.31 | 45.65 | +34% | 74Good | $672M |
| MSBI Midland States Bancorp, Inc. | 32.30 | 42.70 | +24% | 73Good | $670M |
| MSBIP Midland States Bancorp, Inc. | 25.19 | 37.86 | +33% | 39No options | $669M |
| VBNK VersaBank | 21.88 | 32.84 | +33% | 70Good | $709M |
| THVB Thomasville Bancshares, Inc. | 104.48 | 189.45 | +45% | 39No options | $662M |
| SUPV Grupo Supervielle S.A. | 7.01 | 3.42 | -105% | 40Weak | $661M |
| RRBI Red River Bancshares, Inc. | 100.15 | 103.80 | +4% | 39No options | $659M |
| CUBB Customers Bancorp, Inc 5.375% S | 20.91 | 246.77 | +92% | 39No options | $714M |
⚖ Compare TCBX with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about TCBX
Is TCBX undervalued right now?
By the GLS models, yes: at 41.20 the stock is 60% below the average fair value of 103.49 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of TCBX and what does it mean?
TCBX scores 73 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for TCBX?
103.49 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Third Coast Bancshares, Inc. report earnings next?
The next earnings report is due on 21 Oct 2026 (after the close), 5 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does TCBX have listed options, and how liquid are they?
Yes. The nightly snapshot found 140 listed contracts with 224 open interest across all expiries and implied volatility of 39% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.