Highest-materiality recent filing
Coastal Financial Q2 net loss $42.1M on $68.8M credit charge from single BaaS partner
Net loss of $42.1M ($2.76 diluted EPS) vs net income of $12.0M in Q1 2026 and $11.0M in Q2 2025.
Coastal Financial CFO Brandon Soto to step down Aug 15; Joel Edwards named interim CFO
Brandon Soto departs as CFO effective Aug 15, 2026, to become CEO of a fintech bank subsidiary.
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.
Coastal Financial Q4 net income $9.0M ($0.66 EPS), down sequentially; NIM 6.61%
Q4 net income $9.0M ($0.66 diluted EPS) vs Q3 $10.3M ($0.75) and Q4 2022 $13.1M ($0.96).
Coastal Financial Q3 net income $10.3M ($0.75 EPS), down 20% QoQ
Net income $10.3M ($0.75 diluted EPS) vs $12.9M ($0.95) in Q2 2023 and $11.1M ($0.82) a year ago.
Coastal Financial Q2 net income $12.9M; loan growth 6%, NIM expands to 7.58%
Net income of $12.9M, EPS $0.95, compared to $12.4M and $0.91 in Q1 2023.
Coastal Financial Q1 net income $12.4M ($0.91 EPS); assets up 9.7% to $3.45B
Net income $12.4M vs $13.1M in Q4 2022; diluted EPS $0.91 vs $0.96.
Following the appointment of Mr. Adams as Executive Chair, the Board appointed Thomas Lane as Lead Independent Director, effective July 29, 2026.
On July 29, 2026, Coastal Financial Corporation (the “Company”) appointed Christopher D. Adams as Executive Chair of the Board of Directors of the Company (the “Board”), effective July 29, 2026.
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.
On January 4, 2024, Coastal Financial Corporation (the “Company”) announced the appointment of Brian Hamilton to the Company’s Board of Directors, effective January 1, 2024.
On March 31, 2023, Coastal Financial Corporation, the bank holding company for Coastal Community Bank (the "Bank"), announced that John Dickson has retired from his role as Chief Operating Officer of the Bank, effective March 31, 2023.
On May 18, 2022, the Board of Directors of Coastal Financial Corporation (the “Company”) the holding company for Coastal Community Bank (the “Bank”), appointed Curt Queyrouze as President of the Company and Bank, effective June 1, 2022.
On September 28, 2021, Coastal Financial Corporation (the “Company”) appointed Michael Patterson as a director for the Company, effective October 1, 2021.
Max materiality 0.85 · Median 0.60 · Most common event earnings