{"schema_version":"secwatch.filing_event.v1","accession":"0001437958-23-000109","form_type":"8-K","ticker":"CCB","cik":"0001437958","company_name":"COASTAL FINANCIAL CORP","filed_at":"2023-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.082380+00:00","generated_at":"2026-06-09T06:53:05.088492+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Coastal Financial Q3 net income $10.3M ($0.75 EPS), down 20% QoQ","bullets":["Net income $10.3M ($0.75 diluted EPS) vs $12.9M ($0.95) in Q2 2023 and $11.1M ($0.82) a year ago.","Deposits up $127.1M (+4%) to $3.29B; uninsured deposits down to 18.2% from 20%. Liquidity $1.05B covers uninsured deposits.","Sells $320.9M in CCBX loans during Q3; CCBX loans decrease $112.1M vs community bank loans increase $71.6M.","Net interest margin falls to 7.10% from 7.58% QoQ; cost of deposits rises to 3.14% from 2.72%.","Management expects lower earnings short term as it optimizes CCBX loan portfolio with enhanced credit standards."],"urls":{"canonical":"https://secwatch.observer/filing/0001437958-23-000109","json":"https://secwatch.observer/filing/0001437958-23-000109.json","markdown":"https://secwatch.observer/filing/0001437958-23-000109.md","text":"https://secwatch.observer/filing/0001437958-23-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437958/000143795823000109/0001437958-23-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437958/000143795823000109/ck1437958-20231027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:53:05.088492+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"798e856c9a51c147be41d02cd371c0caada3bc15","claim":"COASTAL FINANCIAL CORP reported the quarter ended September 30, 2023 results: net income $10.3 million, EPS $0.75 per diluted common share.","evidence_excerpt":"Quarterly net income for the third quarter of 2023 was $10.3 million, or $0.75 per diluted common share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437958/000143795823000109/0001437958-23-000109-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Net income","value":"$10.3 million"},{"label":"EPS","value":"$0.75 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}