---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-25-000009"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:14:18.604265+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q4 2024 EPS $0.94, net income $13.4M, completes $98M equity raise

## Summary
- Diluted EPS $0.94 vs $0.97 LQ and $0.66 PYQ; net income $13.4M, up 48.3% YoY.
- Completed $98.0M equity raise at $71/share; tangible book value $29.37, up 19.8% LQ.
- Core net revenue $47.8M, up 4.8% LQ; revenue $143.3M, down 5.9% LQ due to lower credit enhancement revenue.
- Sold $845.5M in CCBX loans, mostly credit card receivables; total credit cards with fee potential: 182,449 vs 81,426 at Sept 30.
- Community bank net charge-off ratio 0.03% YTD; loans grew 2.0% to $3.49B.

## SEC filing metadata
- accession: 0001437958-25-000009
- 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: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000009/0001437958-25-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000009/ck1437958-20250128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-25-000009
- JSON: https://secwatch.observer/filing/0001437958-25-000009.json
- Plain text: https://secwatch.observer/filing/0001437958-25-000009.txt

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