secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001437958-25-000164
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coastal Financial Q3 2025 EPS $0.88, net income $13.6M; loans up 4.6%, BaaS fees up 11.3%
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- Net income $13.6M ($0.88 dil. EPS) vs prior Q2 $11.0M ($0.71) and Q3 2024 $13.5M ($0.97).
- Loans receivable increased $163.5M (4.6%); deposits up $59.0M (1.5%).
- CCBX BaaS program fee income $7.6M, up 11.3% from Q2 excluding $504K nonrecurring revenue.
- Partner pipeline: 2 in testing, 4 in implementation/onboarding, 2 signed LOIs.
- CEO cites positive partner progression and confident in managing expenses and credit quality.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000164/0001437958-25-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000164/ck1437958-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001437958-25-000164

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