Third Coast Bancshares authorizes up to $30M share repurchase program through June 2027

Third Coast Bancshares announced its Board has authorized continuation of a share repurchase program allowing the company to buy back up to $30 million of its common stock through June 30, 2027. The company has notified the Federal Reserve Bank of Dallas, satisfying regulatory requirements for the bank holding company.

Repurchases may occur through open market transactions, privately negotiated deals, block trades, or other compliant methods, with timing and pricing at management's discretion. For retail holders, this signals the Board views the stock as potentially undervalued and represents a capital allocation choice favoring buybacks over other uses.

However, the program is entirely discretionary—the company has no obligation to repurchase any shares, and the Board can modify, suspend, or terminate it at any time. Management will determine actual repurchase activity based on the company's capital position, liquidity needs, financial performance, stock price, and market conditions. The up to $30 million authorization represents a modest capital deployment relative to typical bank holding company sizes, suggesting a measured approach to returning capital while maintaining regulatory flexibility.