Third Coast Bancshares sells factoring subsidiary for $27.5M, books $3.5M gain

Filed July 13, 2026 · Period ending July 13, 2026 · ~1 min read

Key Changes

• high

  Sold substantially all assets of Third Coast Commercial Capital (TCCC), a wholly owned factoring subsidiary, to Gulf Coast Bank & Trust for $27.5M, generating a $3.5M gain and ongoing revenue share.

  Item 8.01 verify on EDGAR →
• medium

  Transaction closed June 25, 2026; company will continue offering factoring solutions through strategic partnership with Gulf Coast rather than operating the platform directly.

  Exhibit 99.1 view on EDGAR →
• medium

  Company refocusing on core commercial banking, asset-based lending, and specialty lending platforms where management sees better growth and differentiation opportunities.

  Exhibit 99.1 view on EDGAR →