secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001437958-25-000141
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000141/0001437958-25-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000141/ck1437958-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001437958-25-000141

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