---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-25-000006"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:14:06.546638+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q4 net income $13.4M ($0.94 EPS); completes $98M capital raise

## Summary
- Net income $13.4M ($0.94 diluted EPS) vs $13.5M ($0.97) in Q3 2024; full year $45.2M vs $44.6M in 2023.
- Completed $98M common equity raise at $71/share in Q4; CET1 risk-based capital ratio improved to 12.04% from 9.24%.
- Sold $845.5M in CCBX loans in Q4 while net loans grew $67.7M; BaaS program fee income rose 56.9% YoY to $25.6M.
- Noninterest expense decreased 2.1% QoQ to $64.2M; provision for credit losses was $61.9M, with net charge-offs annualized at 6.51%.
- Credit card accounts with fee earning potential reached 182,449, up 101,023 from Q3 2024; three signed LOIs for new CCBX partners.

## SEC filing metadata
- accession: 0001437958-25-000006
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1437958/000143795825000006/0001437958-25-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000006/ck1437958-20250128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-25-000006
- JSON: https://secwatch.observer/filing/0001437958-25-000006.json
- Plain text: https://secwatch.observer/filing/0001437958-25-000006.txt

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