Coastal Financial Corporation (CCB) vs Third Coast Bancshares, Inc. (TCBX)

Coastal Financial Corporation and Third Coast Bancshares, Inc. are both Banks Regional companies. Coastal Financial Corporation and Third Coast Bancshares, Inc. are of similar size ($661.2M and $653.2M). Coastal Financial Corporation has negative trailing earnings, so its P/E is not meaningful; Third Coast Bancshares, Inc. trades at 8.5×. Third Coast Bancshares, Inc. grew revenue faster over the last twelve months: 18.0% against 7.06%. Third Coast Bancshares, Inc. has the higher net margin (16.6% vs 0.00%) and the higher return on invested capital (18.6% vs 0.00%). Across the 17 metrics below, Third Coast Bancshares, Inc. leads on 12 and Coastal Financial Corporation on 5.

Valuation

Metric CCB TCBX Banks Regional median
P/E n/m 8.48 12.02
P/S 0.91 1.54 2.36
P/B 1.38 0.97 1.23
Price to free cash flow 2.54 215.38 10.60
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (0.53%) 11.80% 8.21%
Free cash flow yield 39.32% 0.46% 9.23%

Profitability

Metric CCB TCBX Banks Regional median
Gross margin 83.89% 58.42% 69.81%
Operating margin 0.00% 0.00% 0.00%
Net margin 0.00% 16.61% 18.82%
Free cash flow margin 0.00% 0.72% 17.97%
Return on equity (0.77%) 11.86% 10.28%
Return on assets (0.07%) 1.19% 1.13%
Return on invested capital 0.00% 18.57% 8.45%

Growth

Metric CCB TCBX Banks Regional median
Revenue growth (TTM) 7.06% 18.01% 6.37%
EPS growth (last fiscal year) (4.31%) 36.33% 18.85%
Revenue growth, 5-year CAGR 56.15% 34.06% 12.65%
Net income growth, 5-year CAGR 25.41% 38.41% 9.81%

Health

Metric CCB TCBX Banks Regional median
Debt to equity 0.10 0.00 0.17
Current ratio 0.00 0.96 0.93
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric CCB TCBX Banks Regional median
Dividend yield — — 2.49%
Payout ratio — — 0.29

Size

Metric CCB TCBX Banks Regional median
Market cap 661.22m 653.21m 934.85m

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