---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-24-000150"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:38:17.316380+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q3 net income $13.5M ($0.97 EPS); loan sales $423.7M

## Summary
- Net income $13.5M up from $11.6M in Q2 2024 and $10.3M in Q3 2023; diluted EPS $0.97.
- Net interest income $72.2M (+9% QoQ, +16% YoY); net interest margin expanded to 7.41%.
- Noninterest income $80.1M, driven by $9.9M increase in BaaS credit enhancements.
- Sold $423.7M in CCBX loans as part of credit risk management; retained fee income on sold balances.
- Provision for credit losses $70.3M; net charge-offs 5.65% annualized; management highlighted low partner fraud.

## SEC filing metadata
- accession: 0001437958-24-000150
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2024-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795824000150/0001437958-24-000150-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795824000150/ck1437958-20241028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-24-000150
- JSON: https://secwatch.observer/filing/0001437958-24-000150.json
- Plain text: https://secwatch.observer/filing/0001437958-24-000150.txt

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