---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-24-000104"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2024-07-29T23:59:59+00:00"
generated_at: "2026-05-31T15:41:08.927915+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q2 net income $11.6M ($0.84 EPS), loans up 4% QoQ, NIM expands to 7.13%

## Summary
- Net income $11.6M ($0.84 diluted EPS) vs $6.8M ($0.50) in Q1; down from $12.9M ($0.95) YoY.
- Total loans, net of deferred fees, increased $126.9M (4.0%) to $3.33B; CCBX loans up $98.1M (7.4%).
- Net interest margin expanded to 7.13% from 6.78% in Q1; yield on loans 11.23% vs 10.85%.
- Deposits grew $80.5M (2.3%) to $3.54B; community bank deposits up 3.7% after two quarters of decline.
- Sold $155.2M in CCBX loans; reduced credit exposure from 10% to 5% effective April 1.

## SEC filing metadata
- accession: 0001437958-24-000104
- 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: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795824000104/0001437958-24-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795824000104/ck1437958-20240729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-24-000104
- JSON: https://secwatch.observer/filing/0001437958-24-000104.json
- Plain text: https://secwatch.observer/filing/0001437958-24-000104.txt

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