{"schema_version":"secwatch.filing_event.v1","accession":"0001437958-25-000062","form_type":"8-K/A","ticker":"CCB","cik":"0001437958","company_name":"COASTAL FINANCIAL CORP","filed_at":"2025-03-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:03.630897+00:00","generated_at":"2026-05-24T15:24:29.784298+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Coastal Financial corrects fintech partner accounting errors; no impact on net income/EPS; Q4 EPS $0.94","bullets":["Corrected balance sheet, income statement, and cash flow items due to fintech partner accounting errors; net income and EPS unchanged for Q4 and FY2024.","Diluted EPS of $0.94 for Q4 2024, up 42.2% YoY; net income $13.4 million, up 48.3% YoY.","Revenue $146.5 million, down 3.0% QoQ but up 21.7% YoY; core net revenue $47.8 million, up 4.8% QoQ.","Completed $98 million equity capital raise at $71.00 per share; tangible book value $29.37, up 19.8% QoQ.","Sold $845.5 million in loans (primarily credit cards); BaaS program fee income grew 56.1% YoY to $5.6 million."],"urls":{"canonical":"https://secwatch.observer/filing/0001437958-25-000062","json":"https://secwatch.observer/filing/0001437958-25-000062.json","markdown":"https://secwatch.observer/filing/0001437958-25-000062.md","text":"https://secwatch.observer/filing/0001437958-25-000062.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437958/000143795825000062/0001437958-25-000062-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437958/000143795825000062/ck1437958-20250128.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T15:24:29.784298+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}