{"schema_version":"secwatch.filing_event.v1","accession":"0001437958-24-000023","form_type":"8-K","ticker":"CCB","cik":"0001437958","company_name":"COASTAL FINANCIAL CORP","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.195347+00:00","generated_at":"2026-06-06T14:53:03.485323+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 Q4 net income $9.0M ($0.66 EPS), down sequentially; NIM 6.61%","bullets":["Q4 net income $9.0M ($0.66 diluted EPS) vs Q3 $10.3M ($0.75) and Q4 2022 $13.1M ($0.96).","Full-year 2023 net income $44.6M ($3.27), up from $40.6M ($3.01) in 2022.","Net interest margin 6.61% (Q4) vs 7.10% (Q3) and 6.96% (Q4 2022); cost of deposits 3.36% (up from 3.14%).","Sold $125.1M in CCBX loans during Q4 to reduce credit risk; expects additional sales in coming months.","Total assets $3.75B (+2% QoQ), deposits $3.36B (+2.1%); uninsured deposits 16.6% of total."],"urls":{"canonical":"https://secwatch.observer/filing/0001437958-24-000023","json":"https://secwatch.observer/filing/0001437958-24-000023.json","markdown":"https://secwatch.observer/filing/0001437958-24-000023.md","text":"https://secwatch.observer/filing/0001437958-24-000023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437958/000143795824000023/0001437958-24-000023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437958/000143795824000023/ck1437958-20240130.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T14:53:03.485323+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":"10c329ebe16b527d1eaa81ea5bcabece9e6559c1","claim":"COASTAL FINANCIAL CORP reported the three months ended December 31, 2023 results: net income $9.0 million, EPS $0.66 per diluted common share.","evidence_excerpt":"Net income of $9.0 million, or $0.66 per diluted common share, for the three months ended December 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437958/000143795824000023/0001437958-24-000023-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended December 31, 2023"},{"label":"Net income","value":"$9.0 million"},{"label":"EPS","value":"$0.66 per diluted common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"685a791ae95837f12b21dbbe5adf9222ffae6fb8","claim":"COASTAL FINANCIAL CORP reported the year ended December 31, 2023 results: net income $44.6 million, EPS $3.27 per diluted common share.","evidence_excerpt":"Net income of $44.6 million, or $3.27 per diluted common share, for the year ended December 31, 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1437958/000143795824000023/0001437958-24-000023-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Net income","value":"$44.6 million"},{"label":"EPS","value":"$3.27 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"}