secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001437958-26-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coastal Financial Q1 net income $12.0M ($0.78 dil. EPS); deposits grow 21.6%, CCBX fee income $10.9M
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- Net income $12.0M, diluted EPS $0.78 vs $0.82 prior Q and $0.63 year ago; net interest income $83.4M (+5% QoQ).
- Total assets $5.66B (+19.5% from Dec 2025); deposits $5.04B (+21.6%); loans receivable $3.86B (+2.9%).
- CCBX BaaS fee income $10.9M (+22.3% QoQ); 20 active partners, 30 total relationships; $3.28B loans sold.
- Provision for credit losses $51.4M; net charge-offs to avg loans 5.18% (annualized) vs 5.31% prior Q.
- NIM 7.00% vs 7.03% prior Q and 7.48% year ago; NPAs/total assets improved to 1.19%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795826000031/0001437958-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795826000031/ck1437958-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001437958-26-000031

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