---
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"
generated_at: "2026-05-24T15:24:29.784298+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial corrects fintech partner accounting errors; no impact on net income/EPS; Q4 EPS $0.94

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-25-000062
- JSON: https://secwatch.observer/filing/0001437958-25-000062.json
- Plain text: https://secwatch.observer/filing/0001437958-25-000062.txt

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