NASDAQ : CCB
Coastal Financial Corporation — Financial statements
Financials · Banks - Regional · United States
Last price 43.66 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 667.40M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 397.59M | 372.02M | 304.29M | 183.35M | 82.11M | |
| Interest Income on Investments | 32.03M | 24.76M | 18.93M | 8.82M | 971.00K | |
| Total Interest Income | 429.62M | 396.78M | 323.22M | 192.17M | 83.08M | |
| Interest Paid on Deposits | 116.91M | 120.93M | 89.00M | 19.00M | 2.33M | |
| Interest Paid on Borrowings | 2.64M | 2.82M | 2.64M | 1.39M | 1.32M | |
| Total Interest Expense | 119.55M | 123.75M | 91.64M | 20.39M | 3.65M | |
| Net Interest Income | 340.38M | 310.06M | 273.03M | 231.57M | 171.78M | 79.44M |
| Gain (Loss) on Sale of Assets | 1.26M | |||||
| Gain (Loss) on Sale of Investments | 101.00K | -414.00K | 27.00K | 279.00K | -153.00K | 1.47M |
| Other Non-Interest Income | 271.64M | 228.46M | 304.44M | 199.74M | 119.29M | 21.29M |
| Total Non-Interest Income | 274.49M | 231.61M | 308.20M | 204.12M | 122.94M | 28.12M |
| Revenues Before Loan Losses | 614.86M | 541.67M | 581.23M | 435.70M | 294.72M | 107.56M |
| Provision for Loan Losses | 237.62M | 192.63M | 277.61M | 183.99M | 79.06M | 9.91M |
| Revenue | 377.25M | 349.04M | 303.63M | 251.71M | 215.65M | 97.64M |
| Salaries and Employee Benefits | 61.97M | 77.17M | 65.08M | 62.77M | 49.71M | 35.82M |
| Occupancy Expenses | 1.49M | 2.51M | 2.55M | 2.86M | 2.75M | 2.70M |
| Federal Deposit Insurance | 2.22M | 3.18M | 2.86M | 2.52M | 2.86M | 1.63M |
| Selling, General & Administrative | 59.02M | 57.49M | 39.80M | 32.30M | 20.00M | 13.13M |
| Other Non-Interest Expense | 257.52M | 147.45M | 136.01M | 94.11M | 87.52M | 9.99M |
| Total Non-Interest Expense | 382.21M | 287.80M | 246.31M | 194.57M | 162.83M | 63.26M |
| EBT Excluding Unusual Items | -4.96M | 61.24M | 57.32M | 57.13M | 52.83M | 34.38M |
| Pretax Income | -4.96M | 61.24M | 57.32M | 57.13M | 52.83M | 34.38M |
| Income Tax Expense | -1.31M | 14.25M | 12.10M | 12.55M | 12.20M | 7.37M |
| Net Income | -3.65M | 46.99M | 45.22M | 44.58M | 40.62M | 27.00M |
| Net Income to Common | -3.65M | 46.99M | 45.22M | 44.58M | 40.62M | 27.00M |
| Basic Shares Outstanding | 15.29M | 15.05M | 13.51M | 13.26M | 12.95M | 12.02M |
| Diluted Shares Outstanding | 15.29M | 15.35M | 13.88M | 13.64M | 13.51M | 12.52M |
| EPS (Basic) | -0.24 | 3.12 | 3.35 | 3.36 | 3.14 | 2.25 |
| EPS (Diluted) | -0.24 | 3.06 | 3.26 | 3.27 | 3.01 | 2.16 |
| Effective Tax Rate | 23.27% | 21.11% | 21.97% | 23.09% | 21.45% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 803.55M | 736.97M | 452.51M | 483.13M | 342.14M | 14.50M |
| Investment Securities | 3.74M | 3.70M | 102.99M | 100.32M | 836.50M | |
| Mortgage-Backed Securities | 48.25M | 47.32M | 50.90M | 1.09M | 1.37M | |
| Total Investments | 51.98M | 51.02M | 153.89M | 101.41M | 837.87M | |
| Gross Loans | 4.19B | 3.76B | 3.49B | 3.03B | 2.63B | 1.75B |
| Allowance for Loan Losses | -208.10M | -169.53M | -176.99M | -117.38M | -74.03M | -28.63M |
| Other Adjustments to Gross Loans | -7.30M | -6.45M | -7.30M | -6.11M | -8.77M | |
| Net Loans | 3.98B | 3.58B | 3.31B | 2.90B | 2.55B | 1.71B |
| Property, Plant & Equipment | 34.15M | 32.65M | 28.02M | 23.23M | 23.32M | |
| Other Intangible Assets | 4.54M | |||||
| Loans Held for Sale | 71.22M | 20.60M | ||||
| Accrued Interest Receivable | 18.61M | 21.10M | 23.46M | 17.82M | 8.11M | |
| Other Receivables | 23.05M | 14.14M | 9.09M | 10.42M | 1.27M | |
| Long-Term Deferred Tax Assets | 3.60M | 3.81M | 18.46M | 6.82M | ||
| Other Long-Term Assets | 495.45M | 218.42M | 213.81M | 142.55M | 74.57M | 26.44M |
| Total Assets | 5.28B | 4.74B | 4.12B | 3.75B | 3.14B | 2.64B |
| Interest Bearing Deposits | 4.05B | 3.56B | 3.05B | 2.72B | 2.03B | 979.38M |
| Institutional Deposits | 7.87M | 11.63M | 10.25M | 16.85M | 28.50M | |
| Non-Interest Bearing Deposits | 631.00M | 579.62M | 527.52M | 625.20M | 775.01M | 1.36B |
| Total Deposits | 4.68B | 4.14B | 3.59B | 3.36B | 2.82B | 2.36B |
| Current Portion of Leases | 1.25M | |||||
| Accrued Interest Payable | 1.44M | 962.00K | 892.00K | 684.00K | 357.00K | |
| Long-Term Debt | 48.15M | 44.44M | 44.29M | 44.14M | 44.00M | 24.29M |
| Federal Home Loan Bank Debt, Long-Term | 25.00M | |||||
| Long-Term Leases | 3.73M | 5.40M | 6.12M | 5.23M | 6.32M | |
| Trust Preferred Securities | 3.59M | 3.59M | 3.59M | 3.59M | 3.59M | |
| Long-Term Deferred Tax Liabilities | 853.00K | |||||
| Other Long-Term Liabilities | 71.18M | 50.97M | 42.93M | 39.91M | 29.95M | 10.96M |
| Total Liabilities | 4.80B | 4.25B | 3.68B | 3.46B | 2.90B | 2.43B |
| Common Stock | 478.27M | 233.44M | 228.18M | 130.14M | 125.83M | 121.84M |
| Retained Earnings | 257.52M | 210.53M | 165.31M | 120.00M | 79.37M | |
| Comprehensive Income & Other | -1.00K | -2.00K | -469.00K | -2.33M | 4.00K | |
| Shareholders' Equity | 478.27M | 490.96M | 438.70M | 294.98M | 243.49M | 201.22M |
| Total Liabilities & Equity | 5.28B | 4.74B | 4.12B | 3.75B | 3.14B | 2.64B |
| Total Debt | 48.15M | 53.02M | 53.28M | 53.86M | 52.82M | 59.19M |
| Net Cash (Debt) | 755.40M | 683.95M | 399.23M | 429.27M | 289.32M | 753.97M |
| Net Cash Per Share | 49.41 | 44.56 | 28.77 | 31.47 | 21.41 | 60.21 |
| Filing Date Shares Outstanding | 15.29M | 15.21M | 15.01M | 13.38M | 13.22M | 12.92M |
| Total Common Shares Outstanding | 15.29M | 15.14M | 14.94M | 13.30M | 13.16M | 12.88M |
| Book Value Per Share | 31.28 | 32.43 | 29.37 | 22.17 | 18.50 | 15.63 |
| Tangible Book Value | 478.27M | 486.42M | 438.70M | 294.98M | 243.49M | 201.22M |
| Tangible Book Value Per Share | 31.28 | 32.13 | 29.37 | 22.17 | 18.50 | 15.63 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 46.99M | 45.22M | 44.58M | 40.62M | 27.00M | |
| Depreciation & Amortization | 1.42M | 1.55M | 1.57M | 1.48M | 1.59M | |
| Other Amortization | 5.10M | 3.00M | 754.00K | 329.00K | ||
| Gain (Loss) on Sale of Assets | 26.00K | 39.00K | 35.00K | -1.26M | ||
| Gain (Loss) on Sale of Investments | 427.00K | -22.00K | -304.00K | 103.00K | -1.44M | |
| Provision for Credit Losses | 192.63M | 277.61M | 183.99M | 79.06M | 9.91M | |
| Change in Other Net Operating Assets | -5.06M | -72.55M | -56.41M | -46.04M | -3.84M | |
| Other Operating Activities | 4.45M | 138.00K | 13.88M | -11.02M | -3.01M | |
| Operating Cash Flow | 254.58M | 259.79M | 191.54M | 67.10M | 29.85M | |
| Capital Expenditures | -10.81M | -9.90M | -6.25M | -2.84M | -2.59M | |
| Investment in Securities | -1.49M | 103.50M | -49.69M | -66.87M | -14.39M | |
| Divestitures | -19.98M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -511.44M | -701.67M | -538.58M | -918.19M | -197.67M | |
| Other Investing Activities | -1.91M | -495.00K | 500.00K | -53.00K | -5.00M | |
| Investing Cash Flow | -525.65M | -608.57M | -594.01M | -987.95M | -239.64M | |
| Long-Term Debt Issued | 19.62M | 24.26M | ||||
| Total Debt Issued | 19.62M | 24.26M | ||||
| Long-Term Debt Repaid | -25.00M | -163.72M | ||||
| Total Debt Repaid | -25.00M | -163.72M | ||||
| Net Debt Issued (Repaid) | -5.37M | -139.45M | ||||
| Issuance of Common Stock | 186.00K | 93.20M | 618.00K | 1.47M | 32.75M | |
| Repurchase of Common Stock | -3.53M | |||||
| Net Increase (Decrease) in Deposit Accounts | 558.87M | 224.97M | 542.84M | 453.73M | 966.54M | |
| Financing Cash Flow | 555.52M | 318.17M | 543.46M | 449.83M | 859.84M | |
| Net Cash Flow | 284.46M | -30.61M | 140.99M | -471.02M | 650.04M | |
| Free Cash Flow | 243.78M | 249.89M | 185.29M | 64.26M | 27.25M | |
| Free Cash Flow Margin | 69.84% | 82.30% | 73.62% | 29.80% | 27.91% | |
| Free Cash Flow Per Share | 15.88 | 18.01 | 13.58 | 4.75 | 2.18 | |
| Cash Interest Paid | 119.08M | 123.68M | 91.44M | 20.07M | 3.82M | |
| Cash Income Tax Paid | 9.47M | 10.54M | 6.84M | 23.50M | 8.76M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 665.63M | 1.73B | 1.27B | 590.76M | 615.96M | 651.17M |
| Last Close Price | 43.29 | 114.59 | 84.91 | 44.41 | 47.52 | 50.62 |
| PE Ratio | 36.87 | 28.03 | 13.25 | 15.16 | 24.11 | |
| PS Ratio | 1.75 | 4.96 | 4.17 | 2.35 | 2.86 | 6.67 |
| PB Ratio | 1.38 | 3.53 | 2.89 | 2.00 | 2.53 | 3.24 |
| P/FCF Ratio | 2.55 | 7.11 | 5.07 | 3.19 | 9.59 | 23.89 |
| P/OCF Ratio | 2.45 | 6.81 | 4.88 | 3.08 | 9.18 | 21.82 |
| Debt / Equity Ratio | 0.10 | 0.11 | 0.12 | 0.18 | 0.22 | 0.29 |
| Debt / FCF Ratio | 0.22 | 0.21 | 0.29 | 0.82 | 2.17 | |
| Net Debt / Equity Ratio | -1.58 | -1.39 | -0.91 | -1.46 | -1.19 | -3.75 |
| Net Debt / FCF Ratio | -2.81 | -1.60 | -2.32 | -4.50 | -27.66 | |
| Return on Equity (ROE) | -0.77% | 10.11% | 12.33% | 16.56% | 18.27% | 15.82% |
| Return on Assets (ROA) | -0.07% | 1.06% | 1.15% | 1.29% | 1.41% | 1.23% |
| Earnings Yield | -0.55% | 2.71% | 3.57% | 7.55% | 6.59% | 4.15% |
| FCF Yield | 39.24% | 14.07% | 19.71% | 31.36% | 10.43% | 4.18% |
| Buyback Yield / Dilution | -1.56% | -10.62% | -1.74% | -0.93% | -7.94% | -2.56% |