Coastal Financial Corporation
NASDAQ•CCB
CEO: Mr. Eric M. Sprink
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2018-07-19
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction, land, and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as personal lines of credit, including overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards. Further, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as Banking as a Service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their customers banking services. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.
Contact Information
Market Cap
$1.71B
P/E (TTM)
35.8
15.1
Dividend Yield
--
52W High
$120.05
52W Low
$76.11
52W Range
Rank38Top 36.9%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$140.84M-6.39%
4-Quarter Trend
EPS
$0.90-10.00%
4-Quarter Trend
FCF
$57.38M-5.78%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Net Income and NII Growth Nine-month net income rose to $34.4M; Net Interest Income increased 15.0% to $230.7M, driven by loan growth and CCBX activity.
Loan Portfolio Expansion Total assets grew 10.5% to $4.55B since year-end; Gross loans receivable increased 6.2% to $3.70B, led by CCBX segment growth.
Improved Credit Quality Metrics Provision for credit losses decreased to $144.6M for nine months; ACL coverage improved to 4.69% of total loans receivable.
Strong Capital Ratios Maintained Bank Only CET1 ratio stood at 12.37%, significantly exceeding the 6.50% minimum required for well-capitalized status.
Risk Factors
CCBX Credit Performance CCBX segment net charge-offs remain high at 11.58% YTD, though largely covered by partner credit enhancement agreements.
Interest Rate Sensitivity Static balance sheet remains liability sensitive; simulations indicate potential net interest income decline under rising rate shock scenarios.
BaaS Internal Controls Material weaknesses persist in internal controls regarding BaaS partner reporting, requiring ongoing management remediation efforts.
Deposit Concentration Risk Uninsured deposits total $617.9M (15.6% of total deposits), necessitating active management of liquidity via sweep programs.
Outlook
Asset Quality Focus Management expects continued focus on originating higher quality CCBX loans to lower historical loss factors and reduce future provisioning.
CCBX Portfolio Optimization Strategy includes ongoing CCBX loan sales to partners to manage portfolio limits while retaining recurring fee income streams.
Technology Investment Impact Noninterest expenses are expected to remain elevated due to growth and ongoing investments in technology and risk management infrastructure.
Future NIM Uncertainty Net interest margin performance remains tied to the uncertain timing and magnitude of future Federal Reserve interest rate adjustments.
Peer Comparison
Revenue (TTM)
$991.72M
$945.24M
NWBI$846.27M
Gross Margin (Latest Quarter)
79.5%
72.0%
70.0%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FCF | $1.81B | 12.8 | 9.7% | 3.3% |
| NWBI | $1.79B | 15.3 | 6.7% | 3.7% |
| CHCO | $1.79B | 14.0 | 16.7% | 7.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.7%
Moderate Growth
4Q Net Income CAGR
0.6%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Jan 27, 2026
EPS:$1.16
|Revenue:$140.66M
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 7, 2025|Revenue: $140.84M-6.4%|EPS: $0.90-10.0%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 8, 2025|Revenue: $115.20M-15.6%|EPS: $0.73-15.1%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 9, 2025|Revenue: $133.88M-11.3%|EPS: $0.65+27.5%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 17, 2025|Revenue: $576.61M+30.9%|EPS: $3.35-0.3%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 8, 2024|Revenue: $150.45M+55.0%|EPS: $1.00+29.9%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $136.55M+15.0%|EPS: $0.86-11.3%MeetForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 9, 2024|Revenue: $150.89M+51.1%|EPS: $0.51-45.7%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Mar 15, 2024|Revenue: $440.43M+89.6%|EPS: $3.36+7.0%Beat