Coastal Financial Q1 2025 net income $9.7M ($0.63 EPS); deposits up 5.7% QoQ

COASTAL FINANCIAL CORP

2025-Q1 EPS reported $0.63

Net income $9.7M ($0.63 diluted EPS), down 27.2% from LQ but up 43.1% from PYQ.
Revenue $139.5M (-4.7% QoQ); core net revenue $50.4M (+5.4% QoQ).
Total deposits $3.79B (+5.7% from $3.59B LQ); loans $3.52B (+0.9% QoQ).
Sold $744.6M in CCBX loans during Q1; launching deposit products with RobinHood and T-Mobile in Q2.
BaaS program fee income up 55.2% YoY to $6.3M; credit/fraud enhancement revenue $55.6M.

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