---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-25-000082"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2025-04-29T23:59:59+00:00"
generated_at: "2026-05-23T03:40:43.696316+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q1 net income $9.7M ($0.63 EPS); CCBX fee income +55% YoY, expenses rise on partner onboarding

## Summary
- Net income of $9.7M, diluted EPS $0.63, down from $0.94 in Q4 2024 but up from $0.50 YoY.
- Total deposits grew $205.9M to $3.79B; CCBX deposits up $202.9M, with $406.3M swept off balance sheet.
- CCBX program fee income $6.3M, up 13% QoQ and 55% YoY; fee-earning credit cards up 54,575 to 237,024.
- Noninterest expense $72.0M, up 6.8% QoQ driven by salaries, legal, BaaS loan expense; expects elevated expenses through Q2.
- Sold $744.6M of loans mainly credit cards; net interest margin 7.48% vs 7.23% prior quarter; loan yield 11.33%.

## SEC filing metadata
- accession: 0001437958-25-000082
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2025-04-29T23:59:59+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/1437958/000143795825000082/0001437958-25-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000082/ck1437958-20250429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-25-000082
- JSON: https://secwatch.observer/filing/0001437958-25-000082.json
- Plain text: https://secwatch.observer/filing/0001437958-25-000082.txt

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