Coastal Financial Q2 2025 net income $11.0M ($0.71 EPS); provision for credit losses drops to $32.2M

COASTAL FINANCIAL CORP

2025-Q2 EPS reported $1.36

Net income $11.0M ($0.71 diluted EPS) vs $9.7M ($0.63) Q1 2025 and $11.6M ($0.84) Q2 2024.
BaaS program fee income (ex-nonrecurring) $6.8M, up 8.2% QoQ; deposits grew $122.3M to $3.91B.
Provision for credit losses fell to $32.2M from $55.8M Q1 2025 on improved CCBX portfolio performance.
Sold $1.30B in CCBX loans; off-balance sheet credit cards with fee potential up 76,803 to 313,827.
CEO expects expense growth to moderate in H2 as new programs generate revenue; capital call lines up 49.6%.

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