{"schema_version":"secwatch.filing_event.v1","accession":"0001437958-26-000052","form_type":"8-K","ticker":"CCB","cik":"0001437958","company_name":"COASTAL FINANCIAL CORP","filed_at":"2026-07-30T10:45:09+00:00","discovered_at":"2026-07-30T10:50:00.296051+00:00","generated_at":"2026-07-30T10:51:11.382671+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Coastal Financial Q2 net loss $42.1M on $68.8M credit charge from single BaaS partner","bullets":["Net loss of $42.1M ($2.76 diluted EPS) vs net income of $12.0M in Q1 2026 and $11.0M in Q2 2025.","Record net interest income of $89.4M, up 7.2% QoQ; BaaS program fee income $12.0M, up 10.3% QoQ.","Credit expense of $68.8M related to one CCBX partner: $22.8M provision for credit losses and $46.0M valuation adjustment to credit enhancement asset.","Loans receivable grew 9.0% to $4.21B; CCBX loans up 18.1% to $2.23B despite $4.56B in loan sales.","Christopher D. Adams appointed Executive Chairman effective immediately; capital ratios remain well capitalized but down ~1 ppt."],"urls":{"canonical":"https://secwatch.observer/filing/0001437958-26-000052","json":"https://secwatch.observer/filing/0001437958-26-000052.json","markdown":"https://secwatch.observer/filing/0001437958-26-000052.md","text":"https://secwatch.observer/filing/0001437958-26-000052.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1437958/000143795826000052/0001437958-26-000052-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1437958/000143795826000052/ck1437958-20260730.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-07-30T10:51:11.382671+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}