Coastal Financial Corp

Coastal Financial Corp. operates as a bank holding company. The firm through Coastal Community Bank, provides banking products and services to small and medium-sized businesses, professionals, and individuals. It also offers deposit products. It operates through the following segments: community bank and CCBX. The company was founded by Lee Pintar in 2003 and is headquartered in Everett, WA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Coastal Financial Corp. is a bank holding company, which engages in the provision of banking products and services to small and medium-sized businesses, professionals, and individuals. It operates through the Community Bank and CCBX segments. The Community Bank segment is involved in banking products and services to consumers and small to medium sized businesses in the broader Puget Sound region in the state of Washington. The CCBX segment focuses on the BaaS that allows broker-dealer and digital financial service partners to offer their customers banking services. The company was founded by Lee Pintar on July 9, 2003 and is headquartered in Everett, WA.

Coastal Financial Corporation (CCB) possesses solid growth attributes, which could help it handily outperform the market.

Looking for a Growth Stock? 3 Reasons Why Coastal Financial Corporation (CCB) is a Solid Choice

EVERETT, Wash., Nov. 21, 2022 (GLOBE NEWSWIRE) -- On November 21, 2022, Coastal Financial Corporation (the “Company”) announced that Eric Sprink, CEO, intends to exercise vested options relating to 190,001 shares of the Company's common stock for personal long-term financial and tax planning purposes. The options were granted in 2013 and expire in April 2023. After exercising his options, Mr. Sprink intends to enter into a pre-arranged stock trading plan.

Coastal Financial Corporation CEO To Exercise Options and Enter Into Rule 10b5-1 Plan

EVERETT, Wash., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the completion of its private placement of $20 million in fixed-to-floating rate subordinated notes due November 1, 2032 (the “Notes”).

Coastal Financial Corporation Completes Private Placement of $20 million of Subordinated Notes

Coastal Financial Corporation Announces Third Quarter 2022 Results

EVERETT, Wash., Oct. 06, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB), the parent company of Coastal Community Bank, has been named to the Piper Sandler Bank & Thrift Sm-All Stars Class of 2022 and one of two banks to receive the award for the fourth consecutive year.

Coastal Financial Corporation earns Piper Sandler Sm-All Stars Class Award for the 4th consecutive year

3 Reasons Why Coastal Financial Corporation (CCB) Is a Great Growth Stock

Coastal Financial Corporation Announces Second Quarter 2022 Results

The consensus price target hints at a 72.7% upside potential for Coastal Financial Corporation (CCB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Coastal Financial Corporation (CCB) Could Surge 73%: Read This Before Placing a Bet

EVERETT, Wash., June 09, 2022 (GLOBE NEWSWIRE) -- Coastal Community Bank announced that they are pleased to have joined the newly launched Bankers Helping Bankers (BHB) Banking as a Service (BaaS) Association as a founding member. The Association aims to serve the unique needs of BaaS Sponsor banks.

Coastal Community Bank Joins Newly Launched Banking as a Service (BaaS) Association

EVERETT, Wash., May 23, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), the holding company for Coastal Community Bank (the “Bank”), announced the hiring of Jeff Ketelhut, CAMS, as Executive Vice President and Bank Secrecy Act (BSA) Officer. In this role, Ketelhut is responsible for developing, implementing, and enforcing Coastal's BSA compliance program and coordinating with state and federal regulators on these matters.

Coastal Names Bank Secrecy Act (BSA) Officer

EVERETT, Wash., May 18, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), the holding company for Coastal Community Bank (the “Bank”), announced the hiring of Curt Queyrouze as President. Eric Sprink will continue as CEO as the Bank expands the Executive team of the almost $3 billion Bank.

Coastal Names New President

Coastal Financial Corporation (CCB) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down 14.2% in 4 Weeks, Here's Why Coastal Financial Corporation (CCB) Looks Ripe for a Turnaround

The heavy selling pressure might have exhausted for Coastal Financial Corporation (CCB) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down 13.3% in 4 Weeks, Here's Why Coastal Financial Corporation (CCB) Looks Ripe for a Turnaround

Coastal Financial Corporation (CCB) delivered earnings and revenue surprises of 2.22% and 55.03%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Coastal Financial Corporation (CCB) Q1 Earnings and Revenues Beat Estimates

Coastal Financial Corporation Announces First Quarter 2022 Results

EVERETT, Wash., April 12, 2022 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB), the parent company of Coastal Community Bank, was awarded the Raymond James Community Bankers Cup for 2021. Coastal is one of four recipients receiving the award for the third consecutive year.

Coastal Financial Corporation awarded Raymond James Community Bankers Cup for 2021

Strong credit quality and robust core deposit franchise. BaaS is the potential value creator.

Coastal: Commercial Bank With BaaS Upside

Coastal Financial Corporation Announces Fourth Quarter and Year End 2021 Results

EVERETT, Wash., Dec. 17, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the closing of its underwritten public offering of 851,853 shares of its common stock at a price to the public of $40.50 per share, including 111,111 shares of common stock sold pursuant to the underwriters' option to purchase additional shares, which was exercised in full.

Coastal Financial Corporation Closes Public Offering of Common Stock

EVERETT, Wash., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the launch of an underwritten public offering of $30.0 million of its common stock. Coastal expects to grant the underwriters a 30-day option to purchase up to an additional $4.5 million of its common stock.

Coastal Financial Corporation Announces Public Offering of Common Stock

Coastal will tap into LendingPoint's AI CreditTech platform to provide affordable credit access to a broader scope of consumers and small businesses Coastal will tap into LendingPoint's AI CreditTech platform to provide affordable credit access to a broader scope of consumers and small businesses

Coastal Community Bank Partners with LendingPoint to Expand Inclusive Lending

Coastal Financial (NASDAQ:CCB) reported its Q3 earnings results on Wednesday, October 27, 2021 at 03:00 PM. Here's what investors need to know about the announcement.

Coastal Financial: Q3 Earnings Insights

Coastal Financial Corporation Announces Third Quarter 2021 Results

EVERETT, Wash., Oct. 04, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Michael Patterson, CPA, has joined its Board of Directors.

Michael Patterson Joins Coastal Financial Corporation Board of Directors

EVERETT, Wash., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Coastal Financial Corporation. (NASDAQ: CCB) (“Coastal”) (the “Company”), the holding company for Coastal Community Bank, today announced the completion of its private placement of $25.0 million in fixed-to-floating rate subordinated notes due September 1, 2031 (the “Notes”).

Coastal Financial Corporation Completes Private Placement of $25 Million of Subordinated Notes

News for Coastal Financial Corp Stock (CCB)