---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-22-000015"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-22T23:57:05.282382+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q3 net income $11.1M ($0.82 EPS), second consecutive record quarter

## Summary
- Net income $11.1M ($0.82 diluted EPS) vs $10.2M ($0.76) in Q2 2022 and $6.7M ($0.54) in Q3 2021.
- Total assets $3.13B (+5.5% from Q2); loans $2.51B (+7.4% driven by CCBX growth of $111.6M).
- Net interest margin 6.58% (up from 5.66% in Q2); yield on loans 8.46%.
- CCBX segment loans grew 13.9% to $915.6M; deposits grew 12.8% to $1.20B.
- Noninterest income $34.4M, mainly from BaaS credit/fraud enhancements; noninterest expense $51.1M.

## SEC filing metadata
- accession: 0001437958-22-000015
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795822000015/0001437958-22-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795822000015/ck1437958-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-22-000015
- JSON: https://secwatch.observer/filing/0001437958-22-000015.json
- Plain text: https://secwatch.observer/filing/0001437958-22-000015.txt

## Key facts
- Earnings Releases
  COASTAL FINANCIAL CORP reported the fiscal quarter ended September 30, 2022 results: net income $11.1 million, or $0.82 per diluted common share, EPS $0.82 per diluted common share.
  - Period: the fiscal quarter ended September 30, 2022
  - Net income: $11.1 million, or $0.82 per diluted common share
  - EPS: $0.82 per diluted common share
  - Result: reported results
  source text: Coastal Financial Corporation (the “Company”) issued a press release announcing its results of operations and financial condition for the fiscal quarter ended September 30, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795822000015/0001437958-22-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.