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Heritage Financial vs Third Coast Bancshares: HFWA and TCBX compared
Heritage Financial is the larger company: $86.5M of revenue in its latest quarter (Q3 2026) against $65.9M for Third Coast Bancshares (Q3 2026). Heritage Financial is growing faster (+32% against +21% a year earlier). Third Coast Bancshares is more profitable, with an operating margin of 36.1% against 25.8%.
Where the money goes: HFWA and TCBX
Heritage Financial (HFWA) · Q3 2026
Heritage Financial, Q3 2026: revenue $86.5M (+32% year over year), operating margin 25.8%, net earnings $18.7M, operating cash flow $30.5M. The chart follows the revenue to costs, profit and cash.
Third Coast Bancshares (TCBX) · Q3 2026
Third Coast Bancshares, Q3 2026: revenue $65.9M (+21% year over year), operating margin 36.1%, net earnings $19.0M, operating cash flow $8.9M. The chart follows the revenue to costs, profit and cash.
| Heritage Financial (HFWA) | Third Coast Bancshares (TCBX) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $86.5M | $65.9M |
| Revenue growth, Y/Y | +32% | +21% |
| Operating margin | 25.8% | 36.1% |
| Net earnings | $18.7M | $19.0M |
| Net margin | 21.6% | 28.9% |
| Operating cash flow | $30.5M | $8.9M |
| Free cash flow | $28.4M | — |
| Market value | $1.1B | — |
| P/E | 14.6× | — |
| Analysts’ mean target | $32.60 | — |
Where the revenue comes from
Heritage Financial
- Net interest income: $77.3M (89%)
- Noninterest income: $9.3M (11%)
Third Coast Bancshares
- Net interest income: $59.5M (90%)
- Noninterest income: $6.3M (10%)
Questions
Which is bigger, Heritage Financial or Third Coast Bancshares?
Heritage Financial is the larger company: $86.5M of revenue in its latest quarter (Q3 2026) against $65.9M for Third Coast Bancshares (Q3 2026).
Is Heritage Financial or Third Coast Bancshares growing faster?
Heritage Financial is growing faster (+32% against +21% a year earlier).
Which is more profitable, Heritage Financial or Third Coast Bancshares?
Third Coast Bancshares is more profitable, with an operating margin of 36.1% against 25.8%.
More: Heritage Financial earnings · how Heritage Financial makes money · Third Coast Bancshares earnings · how Third Coast Bancshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.