---
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"
generated_at: "2026-07-30T10:51:11.382671+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial Q2 net loss $42.1M on $68.8M credit charge from single BaaS partner

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-26-000052
- JSON: https://secwatch.observer/filing/0001437958-26-000052.json
- Plain text: https://secwatch.observer/filing/0001437958-26-000052.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.