---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-23-000024"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:06:53.982958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q4 net income $13.1M ($0.96 EPS); loans +4.8% to $2.63B

## Summary
- Net income $13.1M ($0.96 diluted EPS) vs $11.1M ($0.82) in Q3 2022 and $7.3M ($0.57) in Q4 2021.
- Total assets $3.14B; loan growth $119.4M (4.8%) QoQ; CCBX loans up 10.6% to $1.0B.
- Deposits decreased 0.7% to $2.82B; community bank deposits down 5.9%, CCBX up 6.4%.
- Net interest margin 6.96% vs 6.58% in Q3; total revenue up 15.2% QoQ.
- Completed $20M subordinated notes offering Nov 1, 2022; FY 2022 net income $40.6M ($3.01 EPS), up 50.4% YoY.

## SEC filing metadata
- accession: 0001437958-23-000024
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000024/0001437958-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000024/ck1437958-20230127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-23-000024
- JSON: https://secwatch.observer/filing/0001437958-23-000024.json
- Plain text: https://secwatch.observer/filing/0001437958-23-000024.txt

## Key facts
- Earnings Releases
  COASTAL FINANCIAL CORP reported the three months ended December 31, 2022 results: net income $13.1 million, EPS $0.96 per diluted common share.
  - Period: the three months ended December 31, 2022
  - Net income: $13.1 million
  - EPS: $0.96 per diluted common share
  - Result: reported results
  source text: Quarterly net income of $13.1 million, or $0.96 per diluted common share, for the three months ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000024/0001437958-23-000024-index.htm
- Earnings Releases
  COASTAL FINANCIAL CORP reported the year ended December 31, 2022 results: net income $40.6 million, EPS $3.01 per diluted common share.
  - Period: the year ended December 31, 2022
  - Net income: $40.6 million
  - EPS: $3.01 per diluted common share
  - Result: reported results
  source text: Net income increased $13.6 million, or 50.4%, to $40.6 million for the year ended December 31, 2022, or $3.01 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000024/0001437958-23-000024-index.htm

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