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:  0001437958-25-000165
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coastal Financial Q3 2025 EPS $0.88, net income $13.6M; loans up 4.6% QoQ
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- Diluted EPS $0.88, net income $13.6M up 23.2% from prior quarter.
- Total revenue $144.7M up 21.1% QoQ; core net revenue $52.9M up 1.3%.
- Loans receivable $3.70B up $163.5M (4.6%); deposits $3.97B up $59.0M (1.5%).
- Sold $1.62B in loans in Q3, $1.37B recurring credit card; CCBX debit cards 7.1M (up from 6.3M).
- Robinhood deposit program in testing, expected to ramp in Q4 2025; BaaS fee income +46.5% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000165/0001437958-25-000165-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000165/ck1437958-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001437958-25-000165

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