---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-24-000102"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:41:09.988742+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q2 net income $11.6M, EPS $0.84; BaaS fee income up 54% YoY

## Summary
- Q2 net income $11.6M ($0.84 diluted EPS) vs Q1 $6.8M ($0.50).
- Total assets $3.96B, loans $3.33B, deposits $3.54B; growth of 2.5%, 4.0%, 2.3% QoQ.
- BaaS program fee income $6.1M in Q2, up 54.4% YoY; CCBX has 19 active partners with 2 more in pipeline.
- Efficiency ratio 43.19%; ROAA 1.21%; nonaccrual loans 0.24% of total loans; capital ratios solid.
- Uninsured deposits $532.9M fully covered by $1.19B cash & borrowing capacity (32.1% of deposits).

## SEC filing metadata
- accession: 0001437958-24-000102
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2024-07-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795824000102/0001437958-24-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795824000102/ck1437958-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-24-000102
- JSON: https://secwatch.observer/filing/0001437958-24-000102.json
- Plain text: https://secwatch.observer/filing/0001437958-24-000102.txt

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