Third Coast Bancshares, Inc. 8-K

What Happened

• Third Coast Bancshares, Inc. filed an 8-K on March 19, 2026 announcing that its Board of Directors declared a quarterly cash dividend of $16.875 per share on its 6.75% Series A Convertible Non‑Cumulative Preferred Stock. The dividend is payable April 15, 2026 to holders of record at the close of business on March 31, 2026. The company attached a press release as Exhibit 99.1, which includes customary forward‑looking statements language.

Key Details

• Declared dividend: $16.875 per share (quarterly).
• Security: 6.75% Series A Convertible Non‑Cumulative Preferred Stock.
• Record date: March 31, 2026; Payment date: April 15, 2026.
• Filing: Form 8‑K filed March 19, 2026; press release attached as Exhibit 99.1.

Why It Matters

• This is a cash payment specifically for holders of the Series A convertible preferred shares—common shareholders are not affected by this dividend.
• The declaration confirms the company will distribute the announced cash amount on the stated dates; because the shares are non‑cumulative, unpaid dividends would not accumulate.
• Investors who hold or track Third Coast’s preferred securities should note the record and payment dates for income timing; others may view the declaration as an indication of the company meeting its preferred dividend obligations.