---
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"
generated_at: "2026-06-06T14:53:03.485323+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q4 net income $9.0M ($0.66 EPS), down sequentially; NIM 6.61%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-24-000023
- JSON: https://secwatch.observer/filing/0001437958-24-000023.json
- Plain text: https://secwatch.observer/filing/0001437958-24-000023.txt

## Key facts
- Earnings Releases
  COASTAL FINANCIAL CORP reported the three months ended December 31, 2023 results: net income $9.0 million, EPS $0.66 per diluted common share.
  - Period: the three months ended December 31, 2023
  - Net income: $9.0 million
  - EPS: $0.66 per diluted common share
  - Result: reported results
  source text: Net income of $9.0 million, or $0.66 per diluted common share, for the three months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795824000023/0001437958-24-000023-index.htm
- Earnings Releases
  COASTAL FINANCIAL CORP reported the year ended December 31, 2023 results: net income $44.6 million, EPS $3.27 per diluted common share.
  - Period: the year ended December 31, 2023
  - Net income: $44.6 million
  - EPS: $3.27 per diluted common share
  - Result: reported results
  source text: Net income of $44.6 million, or $3.27 per diluted common share, for the year ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795824000023/0001437958-24-000023-index.htm

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