secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001437958-23-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795823000024/0001437958-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795823000024/ck1437958-20230127.htm
  HTML page:      https://secwatch.observer/filing/0001437958-23-000024

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