secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0001437958-25-000084
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000084/0001437958-25-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000084/ck1437958-20250429.htm
  HTML page:      https://secwatch.observer/filing/0001437958-25-000084

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer