Third Coast Bancshares, Inc.

Third Coast Bancshares, Inc. announced the appointment of Bernardo "Bernie" Lacayo as EVP, Head of Corporate Banking, effective immediately. Lacayo joined Third Coast in March 2026 and brings more than three decades of banking and financial services experience, with responsibility for advancing the Bank's corporate banking strategy and expanding its capabilities for larger, more complex client relationships. He spent nearly 18 years with CIBC Bank USA and its predecessor, The PrivateBank & Trust Company, most recently serving as Head of Loan Markets from 2025 to 2026, and previously as Head of Loan Syndications from 2008 through 2024. Earlier in his career he was Senior Vice President and Division Manager at Citizens Financial Group and held senior roles at LaSalle Bank. Third Coast Bancshares is the Texas-based holding company of Third Coast Bank, which operates 21 branches across the Austin, Dallas-Fort Worth, Greater Houston, and San Antonio markets.

Third Coast Bancshares posted a strong second quarter with record diluted earnings per share, net interest income rising 12.4% to $60.3 million, and net interest margin expanding to 3.83%, above management's post-Keystone target. Total loans increased by approximately $185 million, driven almost entirely by a $187 million rise in commercial and industrial lending, while total deposits grew $140.4 million and the average cost of deposits fell 12 basis points. The efficiency ratio improved sharply to 56.5% from 66.1%, and the company completed the sale of Third Coast Commercial Capital for total consideration of about $27.5 million, generating a $3.5 million gain. Credit quality remained healthy, with non-performing loans declining to 0.55% of total loans and the allowance for credit losses edging up to 0.99% of total loans. Management guided for quarterly loan growth of $75 million to $125 million and indicated the net interest margin could be flat to slightly higher in the third quarter before securitization benefits.