---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-25-000060"
form_type: "8-K/A"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T15:24:01.805197+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Corp revises Q4 earnings; net income $13.4M, $0.94 EPS; $98M capital raise

## Summary
- Net income Q4 2024 $13.4M ($0.94 diluted EPS) vs $13.5M ($0.97) in Q3; full-year net income $45.2M vs $44.6M in 2023.
- Completed $98.0M common equity raise at $71.00/share; CET1 ratio increased to 12.04% from 9.24% in Q3.
- Sold $845.5M in loans (credit card) in Q4; CCBX program fee income up 51.6% YoY to $20.1M.
- Noninterest expense rose to $67.4M from $64.4M in Q3 due to higher salaries and legal costs.
- Three signed letters of intent for CCBX partnerships as of Dec 31, 2024; management expects front-loaded expenses in 2025.

## SEC filing metadata
- accession: 0001437958-25-000060
- form_type: 8-K/A
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2025-03-17T23:59:59+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/1437958/000143795825000060/0001437958-25-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000060/ck1437958-20250128.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-25-000060
- JSON: https://secwatch.observer/filing/0001437958-25-000060.json
- Plain text: https://secwatch.observer/filing/0001437958-25-000060.txt

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