Third Coast completes $1B Keystone merger; Q1 earnings dip on $3.3M integration costs

Filed April 22, 2026 · Period ending April 22, 2026 · ~1 min read

Key Changes

• high

  Closed Keystone Bancshares acquisition Feb 1, adding ~$1B assets, $812M loans, $844M deposits; balance sheet grew 23% to $6.6B by quarter-end.

  Exhibit 99.1 verify on EDGAR →
• high

  Q1 net income $16.4M ($0.88/diluted share), down from $17.9M ($1.02/share) in Q4 2025, driven by $3.3M pre-tax merger expenses (legal, employee costs).

  Exhibit 99.1 verify on EDGAR →
• high

  Net interest margin compressed 43 bps to 3.67% from 4.10% prior quarter; loan yields fell 51 bps to 7.01%, partially offset by 20 bps deposit cost decline to 3.53%.

  Exhibit 99.1 verify on EDGAR →