Highest-materiality recent filing
Coastal Financial Q1 net income $12.0M ($0.78 dil. EPS); deposits grow 21.6%, CCBX fee income $10.9M
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).
Coastal Financial Q4 net income $12.6M ($0.82 diluted EPS); BaaS deposits up 7.7%
Net income $12.6M ($0.82 diluted EPS) vs $13.6M ($0.88) in Q3 2025 and $13.4M ($0.94) in Q4 2024.
Coastal Financial Q4 2025 EPS $0.82, revenue down 4.6% QoQ; core net revenue up 6.8%
Diluted EPS $0.82 vs $0.88 LQ; net income $12.6M, down 7% QoQ and 5.4% YoY.
Coastal Financial Q3 2025 EPS $0.88, net income $13.6M; loans up 4.6%, BaaS fees up 11.3%
Net income $13.6M ($0.88 dil. EPS) vs prior Q2 $11.0M ($0.71) and Q3 2024 $13.5M ($0.97).
Coastal Financial Q3 2025 EPS $0.88, net income $13.6M; loans up 4.6% QoQ
Diluted EPS $0.88, net income $13.6M up 23.2% from prior quarter.
Coastal Financial appoints Brandon Soto as CFO, effective October 1, 2025
Brandon Soto appointed CFO, succeeding Joel Edwards; effective Oct 1, 2025.
Coastal Financial Q2 2025 net income $12.5M, EPS $0.92, loans up 18%
Q2 2025 net income $12.5 million; diluted EPS $0.92.
Coastal Financial Q2 2025 net income $11.0M ($0.71 EPS); provision for credit losses drops to $32.2M
Net income $11.0M ($0.71 diluted EPS) vs $9.7M ($0.63) Q1 2025 and $11.6M ($0.84) Q2 2024.
Net income of $9.7M, diluted EPS $0.63, down from $0.94 in Q4 2024 but up from $0.50 YoY.
Coastal Financial Q1 2025 net income $9.7M ($0.63 EPS); deposits up 5.7% QoQ
Net income $9.7M ($0.63 diluted EPS), down 27.2% from LQ but up 43.1% from PYQ.
Coastal Financial Corp revises Q4 earnings; net income $13.4M, $0.94 EPS; $98M capital raise
Net income Q4 2024 $13.4M ($0.94 diluted EPS) vs $13.5M ($0.97) in Q3; full-year net income $45.2M vs $44.6M in 2023.
Corrected balance sheet, income statement, and cash flow items due to fintech partner accounting errors; net income and EPS unchanged for Q4 and FY2024.
Coastal Financial restates 2023-2024 financials; fintech loan errors, no NI impact
Restatement covers FY2023 and Q1-Q3 2024; adjustments to interest income, BaaS loan expense, and balance sheet items.
Coastal Financial Q4 net income $13.4M ($0.94 EPS); completes $98M capital raise
Net income $13.4M ($0.94 diluted EPS) vs $13.5M ($0.97) in Q3 2024; full year $45.2M vs $44.6M in 2023.
Coastal Financial Q4 2024 EPS $0.94, net income $13.4M, completes $98M equity raise
Diluted EPS $0.94 vs $0.97 LQ and $0.66 PYQ; net income $13.4M, up 48.3% YoY.
Coastal Financial prices 1.2M share offering at $71, gross proceeds $85.2M
Pricing of 1,200,000 shares at $71.00 per share; underwriters' option for 180,000 additional shares exercised in full.
Coastal Financial Q3 net income $13.5M ($0.97 EPS); loan sales $423.7M
Net income $13.5M up from $11.6M in Q2 2024 and $10.3M in Q3 2023; diluted EPS $0.97.
Coastal Financial appoints Brian Hamilton as President of CCBX, its fintech division
Brian Hamilton appointed President of CCBX, Coastal's FinTech/BaaS division, effective Sept 30, 2024.
Coastal Financial Q2 net income $11.6M, EPS $0.84; BaaS fee income up 54% YoY
Q2 net income $11.6M ($0.84 diluted EPS) vs Q1 $6.8M ($0.50).
Coastal Financial Q2 net income $11.6M ($0.84 EPS), loans up 4% QoQ, NIM expands to 7.13%
Net income $11.6M ($0.84 diluted EPS) vs $6.8M ($0.50) in Q1; down from $12.9M ($0.95) YoY.
Net income fell to $6.8M vs $9.0M in Q4 2023 and $12.4M in Q1 2023; ROA 0.73% vs 0.97% QoQ.
On May 7, 2025, Joel G. Edwards, Executive Vice President and Chief Financial Officer of Coastal Financial Corporation (the “Company”), informed the Company of his intention to retire upon the appointment of a new Chief Financial Officer of the Company or if earlier, October 1, 2025.
Michael Barreiro, who has extensive experience as a software engineer and technology executive and has worked alongside Mr. Hamilton at Azlo and ONE, was appointed as the Bank’s Chief Technology Officer on September 30, 2024.
On September 30, 2024, Coastal Community Bank (the “Bank”), a subsidiary of Coastal Financial Corporation (the “Company”), appointed Brian Hamilton, a current member of the Company’s Board of Directors, as President of CCBX, the FinTech and banking-as-a-service division of the Bank.
Max materiality 0.80 · Median 0.62 · Most common event earnings