Third Coast Bancshares, Inc. Announces 2026 Share Repurchase Program

Third Coast Bancshares, Inc. (NYSE and NYSE Texas: TCBX) (the "Company," "Third Coast," "we," "us," or "our"), today announced that its Board of Directors approved the continuation of its share repurchase program (the "Repurchase Program"). This Repurchase Program allows the Company to buy up to $30 million of its common stock and will expire on June 30, 2027. Management notified the Federal Reserve Bank of Dallas of the continuation of the Repurchase Program. Under the Repurchase Program, Third Coast may periodically buy its shares through open market transactions at current market prices, privately negotiated deals, block trades, or other methods compliant with federal securities laws. The Repurchase Program can be extended, modified, amended, suspended, or halted at any time by Third Coast's Board of Directors and does not obligate the Company to repurchase its common stock. The specifics of each repurchase, such as the method, timing, target number of shares, and price range, will be determined by management and will depend upon a variety of factors, including Third Coast's capital status, liquidity, financial performance, alternative capital uses, the stock's market price, overall market and economic conditions, and relevant legal and regulatory requirements.

Third Coast Bancshares, Inc. is a commercially focused, Texas-based bank holding company operating primarily in the Austin, Dallas-Fort Worth, Greater Houston, and San Antonio markets through its wholly owned subsidiary, Third Coast Bank. Founded in 2008 in Humble, Texas, Third Coast Bank conducts banking operations through 21 branches encompassing the four largest metropolitan areas in Texas. Please visit https://www.thirdcoast.bank for more information.