---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-23-000066"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:22:15.864086+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q1 net income $12.4M ($0.91 EPS); assets up 9.7% to $3.45B

## Summary
- Net income $12.4M vs $13.1M in Q4 2022; diluted EPS $0.91 vs $0.96.
- Loans grew $209.9M (8.0%) to $2.84B; CCBX loans up $153.7M (15.2%).
- Deposits up $277.7M (9.9%) to $3.10B; uninsured deposits fell to 24.8% from 29.7%.
- Net interest margin 7.15% vs 6.96% prior Q; cost of deposits 2.13%.
- Noninterest income $49.3M (+$6.5M QoQ) driven by BaaS credit enhancements.

## SEC filing metadata
- accession: 0001437958-23-000066
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000066/0001437958-23-000066-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000066/ck1437958-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-23-000066
- JSON: https://secwatch.observer/filing/0001437958-23-000066.json
- Plain text: https://secwatch.observer/filing/0001437958-23-000066.txt

## Key facts
- Earnings Releases
  COASTAL FINANCIAL CORP reported three months ended March 31, 2023 results: net income 12.4 million, EPS 0.91.
  - Period: three months ended March 31, 2023
  - Net income: 12.4 million
  - EPS: 0.91
  - Result: reported results
  source text: Quarterly net income for the first quarter of 2023 was $12.4 million, or $0.91 per diluted common share, compared with net income of $13.1 million, or $0.96 per diluted common share, for the fourth quarter of 2022, and $6.2 million, or $0.46 per diluted common share, for the quarter ended March 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795823000066/0001437958-23-000066-index.htm

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