Third Ebit vs Tax Provision Analysis

TCBX Stock

USD 26.11 0.58 2.17%

Third Coast financial indicator trend analysis is much more than just breaking down Third Coast Bancshares prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Third Coast Bancshares is a good investment. Please check the relationship between Third Coast Ebit and its Tax Provision accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Third Coast Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Ebit vs Tax Provision

Ebit vs Tax Provision Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Third Coast Bancshares Ebit account and Tax Provision. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Third Coast's Ebit and Tax Provision is 0.83. Overlapping area represents the amount of variation of Ebit that can explain the historical movement of Tax Provision in the same time period over historical financial statements of Third Coast Bancshares, assuming nothing else is changed. The correlation between historical values of Third Coast's Ebit and Tax Provision is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Ebit of Third Coast Bancshares are associated (or correlated) with its Tax Provision. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Tax Provision has no effect on the direction of Ebit i.e., Third Coast's Ebit and Tax Provision go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

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Ebit

Tax Provision

The amount set aside by a company to cover any estimated taxes for the current period. It reflects the company's expected tax liabilities.

Most indicators from Third Coast's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Third Coast Bancshares current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Third Coast Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Tax Provision is likely to drop to about 4.3 M in 2024. Selling General Administrative is likely to drop to about 47.9 M in 2024

	2021	2022	2023	2024 (projected)
Net Interest Income	90.6M	116.5M	134.3M	97.5M
Tax Provision	3.1M	4.5M	7.7M	4.3M

Net Interest Income Tax Provision

Third Coast fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Other Liab	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Short Term Investments	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital
Total Assets		0.84	0.68	0.69	0.99	0.99	0.98	0.98	-0.71	0.99	0.65	0.93	0.7	0.68	0.25	0.94	-0.42	0.98	0.27	0.96	0.83	0.27	0.98	0.98	0.85	0.99
Short Long Term Debt Total	0.84		0.63	0.64	0.77	0.85	0.79	0.92	-0.23	0.85	0.77	0.61	0.65	0.62	0.12	0.66	-0.61	0.83	0.68	0.95	0.44	0.4	0.71	0.76	0.98	0.85
Other Current Liab	0.68	0.63		1.0	0.63	0.62	0.6	0.66	-0.25	0.74	0.94	0.53	1.0	1.0	-0.5	0.54	-0.9	0.68	0.54	0.64	0.54	0.87	0.66	0.6	0.65	0.65
Total Current Liabilities	0.69	0.64	1.0		0.64	0.63	0.6	0.67	-0.26	0.75	0.94	0.53	1.0	1.0	-0.49	0.55	-0.9	0.69	0.54	0.65	0.54	0.87	0.67	0.61	0.66	0.66
Total Stockholder Equity	0.99	0.77	0.63	0.64		0.96	0.99	0.96	-0.78	0.96	0.57	0.96	0.65	0.62	0.32	0.98	-0.34	0.93	0.12	0.92	0.9	0.19	0.98	1.0	0.76	0.99
Other Liab	0.99	0.85	0.62	0.63	0.96		0.96	0.98	-0.69	0.98	0.6	0.91	0.64	0.61	0.3	0.9	-0.37	0.99	0.3	0.96	0.77	0.21	0.96	0.95	0.87	0.98
Net Tangible Assets	0.98	0.79	0.6	0.6	0.99	0.96		0.96	-0.75	0.97	0.55	0.94	0.62	0.59	0.32	0.98	-0.32	0.92	0.14	0.93	0.89	0.17	0.97	0.99	0.77	0.99
Property Plant And Equipment Net	0.98	0.92	0.66	0.67	0.96	0.98	0.96		-0.6	0.97	0.69	0.87	0.68	0.66	0.26	0.89	-0.47	0.95	0.38	0.99	0.74	0.29	0.93	0.95	0.91	0.99
Net Debt	-0.71	-0.23	-0.25	-0.26	-0.78	-0.69	-0.75	-0.6		-0.64	-0.05	-0.91	-0.27	-0.25	-0.52	-0.85	-0.18	-0.67	0.47	-0.52	-0.89	0.23	-0.82	-0.8	-0.25	-0.7
Retained Earnings	0.99	0.85	0.74	0.75	0.96	0.98	0.97	0.97	-0.64		0.7	0.88	0.76	0.74	0.12	0.91	-0.51	0.96	0.34	0.95	0.81	0.37	0.96	0.95	0.86	0.98
Accounts Payable	0.65	0.77	0.94	0.94	0.57	0.6	0.55	0.69	-0.05	0.7		0.42	0.94	0.93	-0.43	0.45	-0.95	0.64	0.74	0.7	0.36	0.86	0.56	0.55	0.77	0.64
Cash	0.93	0.61	0.53	0.53	0.96	0.91	0.94	0.87	-0.91	0.88	0.42		0.55	0.52	0.42	0.96	-0.16	0.9	-0.08	0.82	0.91	0.04	0.97	0.97	0.62	0.93
Non Current Assets Total	0.7	0.65	1.0	1.0	0.65	0.64	0.62	0.68	-0.27	0.76	0.94	0.55		1.0	-0.47	0.56	-0.89	0.7	0.54	0.66	0.55	0.86	0.68	0.62	0.67	0.67
Non Currrent Assets Other	0.68	0.62	1.0	1.0	0.62	0.61	0.59	0.66	-0.25	0.74	0.93	0.52	1.0		-0.51	0.53	-0.9	0.68	0.54	0.63	0.53	0.87	0.66	0.59	0.64	0.65
Other Assets	0.25	0.12	-0.5	-0.49	0.32	0.3	0.32	0.26	-0.52	0.12	-0.43	0.42	-0.47	-0.51		0.37	0.68	0.22	-0.46	0.27	0.24	-0.84	0.26	0.35	0.09	0.29
Long Term Debt	0.94	0.66	0.54	0.55	0.98	0.9	0.98	0.89	-0.85	0.91	0.45	0.96	0.56	0.53	0.37		-0.22	0.86	-0.05	0.85	0.95	0.09	0.96	0.99	0.62	0.95
Cash And Short Term Investments	-0.42	-0.61	-0.9	-0.9	-0.34	-0.37	-0.32	-0.47	-0.18	-0.51	-0.95	-0.16	-0.89	-0.9	0.68	-0.22		-0.42	-0.79	-0.48	-0.17	-0.97	-0.34	-0.3	-0.6	-0.41
Net Receivables	0.98	0.83	0.68	0.69	0.93	0.99	0.92	0.95	-0.67	0.96	0.64	0.9	0.7	0.68	0.22	0.86	-0.42		0.33	0.93	0.74	0.29	0.96	0.92	0.87	0.95
Common Stock Shares Outstanding	0.27	0.68	0.54	0.54	0.12	0.3	0.14	0.38	0.47	0.34	0.74	-0.08	0.54	0.54	-0.46	-0.05	-0.79	0.33		0.44	-0.23	0.69	0.1	0.09	0.71	0.24
Short Term Investments	0.96	0.95	0.64	0.65	0.92	0.96	0.93	0.99	-0.52	0.95	0.7	0.82	0.66	0.63	0.27	0.85	-0.48	0.93	0.44		0.67	0.28	0.88	0.92	0.94	0.97
Non Current Liabilities Total	0.83	0.44	0.54	0.54	0.9	0.77	0.89	0.74	-0.89	0.81	0.36	0.91	0.55	0.53	0.24	0.95	-0.17	0.74	-0.23	0.67		0.11	0.9	0.9	0.41	0.83
Inventory	0.27	0.4	0.87	0.87	0.19	0.21	0.17	0.29	0.23	0.37	0.86	0.04	0.86	0.87	-0.84	0.09	-0.97	0.29	0.69	0.28	0.11		0.22	0.15	0.42	0.24
Other Current Assets	0.98	0.71	0.66	0.67	0.98	0.96	0.97	0.93	-0.82	0.96	0.56	0.97	0.68	0.66	0.26	0.96	-0.34	0.96	0.1	0.88	0.9	0.22		0.98	0.73	0.97
Other Stockholder Equity	0.98	0.76	0.6	0.61	1.0	0.95	0.99	0.95	-0.8	0.95	0.55	0.97	0.62	0.59	0.35	0.99	-0.3	0.92	0.09	0.92	0.9	0.15	0.98		0.74	0.99
Total Liab	0.85	0.98	0.65	0.66	0.76	0.87	0.77	0.91	-0.25	0.86	0.77	0.62	0.67	0.64	0.09	0.62	-0.6	0.87	0.71	0.94	0.41	0.42	0.73	0.74		0.83
Net Invested Capital	0.99	0.85	0.65	0.66	0.99	0.98	0.99	0.99	-0.7	0.98	0.64	0.93	0.67	0.65	0.29	0.95	-0.41	0.95	0.24	0.97	0.83	0.24	0.97	0.99	0.83

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Third Coast Account Relationship Matchups

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Third Ebit vs Tax Provision Analysis

Ebit vs Tax Provision

Ebit vs Tax Provision Correlation Analysis

Correlation Coefficient

Ebit

Tax Provision

Third Coast fundamental ratios Correlations

Third Coast Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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Total Current Liabilities	+ 1.0	Other Current Liab
Non Current Assets Total	+ 1.0	Other Current Liab
Non Currrent Assets Other	+ 1.0	Other Current Liab
Non Current Assets Total	+ 1.0	Total Current Liabilities
Non Currrent Assets Other	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Stockholder Equity

Inventory	- 0.97	Cash And Short Term Investments
Cash And Short Term Investments	- 0.95	Accounts Payable
Cash	- 0.91	Net Debt
Cash And Short Term Investments	- 0.9	Non Currrent Assets Other
Cash And Short Term Investments	- 0.9	Total Current Liabilities
Cash And Short Term Investments	- 0.9	Other Current Liab