COASTAL FINANCIAL CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), COASTAL FINANCIAL CORP reported revenue of $225.2M (-25.6% year on year) and net income of $47.0M (+3.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest and fees on loans | $397.6M | $372.0M | $311.4M | $183.4M |
| Interest on interest earning deposits with other banks | $29.0M | $21.3M | $15.3M | $6.7M |
| Interest on investment securities | $2.5M | $3.1M | $3.2M | $1.7M |
| Dividends on other investments | $531.0K | $435.0K | $387.0K | $345.0K |
| Total interest income | $429.6M | $396.8M | $330.4M | $192.2M |
| Interest on deposits | $116.9M | $120.9M | $89.0M | $19.0M |
| Interest on borrowed funds | $2.6M | $2.8M | $2.6M | $1.4M |
| Total interest expense | $119.6M | $123.7M | $91.6M | $20.4M |
| Net interest income | $310.1M | $273.0M | $238.7M | $171.8M |
| PROVISION FOR CREDIT LOSSES | $192.6M | $277.6M | $184.0M | — |
| Net interest income/(expense) after provision for credit losses | $117.4M | ($4.6M) | $54.7M | $92.7M |
| Service charges and fees | $3.6M | $3.7M | $3.9M | $3.8M |
| Loan referral fees | $0 | $168.0K | $683.0K | $810.0K |
| Gain on sales of loans, net | $0 | $0 | $253.0K | $0 |
| Unrealized gain (loss) on equity securities, net | ($414.0K) | $27.0K | $279.0K | ($153.0K) |
| Other income | $3.3M | $1.5M | $884.0K | $1.1M |
| Noninterest income, excluding BaaS program income and BaaS indemnification income | $6.5M | $5.5M | $6.0M | $5.8M |
| Revenue from contract with customer | $225.2M | $302.7M | $201.2M | $118.9M |
| Total noninterest income | $231.6M | $308.2M | $207.2M | $124.7M |
| Salaries and employee benefits | $85.8M | $70.1M | $66.5M | $52.2M |
| Occupancy | $4.0M | $3.9M | $4.9M | $4.5M |
| Data processing and software licenses | $23.5M | $15.3M | $8.6M | $6.5M |
| Legal and professional expenses | $20.3M | $15.5M | $14.8M | $6.8M |
| Point of sale expense | $350.0K | $325.0K | $3.5M | $2.1M |
| Excise taxes | $2.9M | $1.2M | $2.0M | $2.2M |
| Federal Deposit Insurance Corporation ("FDIC") assessments | $3.2M | $2.9M | $2.5M | $2.9M |
| Director and staff expenses | $2.7M | $2.1M | $2.2M | $1.7M |
| Marketing | $631.0K | $162.0K | $517.0K | $351.0K |
| Other expense | $7.5M | $6.5M | $5.2M | $4.7M |
| Noninterest expense, excluding BaaS loan and BaaS fraud expense | $150.7M | $117.9M | $110.7M | $83.9M |
| BaaS loan and fraud expense | $137.1M | $128.4M | $94.1M | $82.9M |
| Total noninterest expense | $287.8M | $246.3M | $204.8M | $166.8M |
| Income before provision for income taxes | $61.2M | $57.3M | $57.1M | $50.6M |
| PROVISION FOR INCOME TAXES | $14.3M | $12.1M | $12.6M | $10.0M |
| NET INCOME | $47.0M | $45.2M | $44.6M | $40.6M |
| Basic earnings per common share (in usd per share) | $3.12 | $3.35 | $3.36 | $3.14 |
| Diluted earnings per common share (in usd per share) | $3.06 | $3.26 | $3.27 | $3.01 |
| Basic (in shares) | 15.1M | 13.5M | 13.3M | 12.9M |
| Diluted (in shares) | 15.4M | 13.9M | 13.6M | 13.5M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest and fees on loans | $111.1M | $102.9M | $100.4M | $98.9M |
| Interest on interest earning deposits with other banks | $6.6M | $8.1M | $8.0M | $8.1M |
| Interest on investment securities | $612.0K | $622.0K | $616.0K | $626.0K |
| Dividends on other investments | $238.0K | $44.0K | $37.0K | $219.0K |
| Total interest income | $118.6M | $111.7M | $109.0M | $107.8M |
| Interest on deposits | $28.0M | $27.7M | $30.5M | $30.4M |
| Interest on borrowed funds | $1.1M | $654.0K | $660.0K | $660.0K |
| Total interest expense | $29.2M | $28.3M | $31.1M | $31.1M |
| Net interest income | $89.4M | $83.4M | $77.9M | $76.7M |
| PROVISION FOR CREDIT LOSSES | $92.2M | $51.4M | $56.6M | $32.2M |
| Net interest income (expense) after provision for credit losses | ($2.8M) | $32.0M | $21.3M | $44.5M |
| Service charges and fees | $1.0M | $850.0K | $903.0K | $913.0K |
| Unrealized gain (loss) on equity securities, net | ($25.0K) | $126.0K | $9.0K | ($439.0K) |
| Other income | $667.0K | $410.0K | $772.0K | $853.0K |
| Noninterest income, excluding BaaS program income and BaaS indemnification income | $1.7M | $1.4M | $1.7M | $1.3M |
| Noninterest income | $87.0M | $64.7M | $65.1M | $41.4M |
| Total noninterest income | $88.7M | $66.1M | $66.8M | $42.7M |
| Salaries and employee benefits | $23.6M | $23.1M | $20.1M | $21.4M |
| Occupancy | $890.0K | $859.0K | $952.0K | $915.0K |
| Data processing and software licenses | $14.3M | $7.6M | $6.1M | $5.5M |
| Legal and professional expenses | $6.2M | $7.0M | $4.0M | $6.0M |
| Point of sale expense | $464.0K | $445.0K | $69.0K | $69.0K |
| Excise taxes | $988.0K | $1.2M | $696.0K | $681.0K |
| Federal Deposit Insurance Corporation ("FDIC") assessments | $829.0K | $573.0K | $815.0K | $790.0K |
| Director and staff expenses | $718.0K | $668.0K | $544.0K | $612.0K |
| Marketing | $6.0K | $38.0K | $272.0K | $50.0K |
| Credit enhancement receivable valuation adjustment | $46.0M | — | — | — |
| Other expense | $2.3M | $1.9M | $1.6M | $1.5M |
| Noninterest expense, excluding BaaS loan and BaaS fraud expense | $96.4M | $43.5M | $35.2M | $37.5M |
| BaaS loan and fraud expense | $44.7M | $40.0M | $35.0M | $35.3M |
| Total noninterest expense | $141.1M | $83.5M | $70.2M | $72.8M |
| (Loss) income before provision for income taxes | ($55.2M) | $14.6M | $17.9M | $14.4M |
| (BENEFIT) PROVISION FOR INCOME TAXES | ($13.1M) | $2.6M | $4.3M | $3.4M |
| NET (LOSS) INCOME | ($42.1M) | $12.0M | $13.6M | $11.0M |
| Basic earnings per common share (in usd per share) | -$2.76 | $0.79 | $0.90 | $0.73 |
| Diluted earnings per common share (in usd per share) | -$2.76 | $0.78 | $0.88 | $0.71 |
| Basic (in shares) | 15.2M | 15.2M | 15.1M | 15.0M |
| Diluted (in shares) | 15.2M | 15.4M | 15.4M | 15.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $34.2M | $36.5M | $31.3M | $32.7M |
| Interest earning deposits with other banks | $702.7M | $416.0M | $451.8M | $309.4M |
| Investment securities, available-for-sale, at fair value | $29.0K | $35.0K | $99.5M | $97.3M |
| Investment securities, held-to-maturity, at amortized cost | $48.2M | $47.3M | $50.9M | $1.0M |
| Other investments | $12.8M | $10.8M | $10.2M | $10.6M |
| Loans held for sale | $71.2M | $20.6M | — | — |
| Loans receivable | $3.7B | $3.5B | $3.0B | $2.6B |
| Allowance for credit losses | ($169.5M) | ($177.0M) | ($117.0M) | ($74.0M) |
| Total loans receivable, net | $3.6B | $3.3B | $2.9B | $2.6B |
| CCBX credit enhancement asset | $177.7M | $181.9M | $107.9M | $53.4M |
| CCBX receivable | $23.0M | $14.1M | $9.1M | $10.4M |
| Premises and equipment, net | $29.3M | $27.4M | $22.1M | $18.2M |
| Lease right-of-use assets | $4.8M | $5.2M | $5.9M | $5.0M |
| Accrued interest receivable | $18.6M | $21.1M | $26.8M | $17.8M |
| Bank-owned life insurance, net | $13.9M | $13.4M | $12.9M | $12.7M |
| Deferred tax asset, net | $0 | $3.6M | $3.8M | $18.5M |
| Intangible assets, net | $4.5M | — | — | — |
| Other assets | $20.3M | $13.6M | $12.0M | $4.2M |
| Total assets | $4.7B | $4.1B | $3.8B | $3.1B |
| Deposits | $4.1B | $3.6B | $3.4B | $2.8B |
| Principal amount $45,000 (less unamortized debt issuance costs of $557 and $707) at December 31, 2025 and December 31, 2024, respectively | $44.4M | $44.3M | $44.1M | $44.0M |
| Principal amount $3,609 (less unamortized debt issuance costs of $16 and $18 at December 31, 2025 and December 31, 2024, respectively) | $3.6M | $3.6M | $3.6M | $3.6M |
| Deferred compensation | $267.0K | $332.0K | $479.0K | $616.0K |
| Accrued interest payable | $1.4M | $962.0K | $892.0K | $684.0K |
| Lease liabilities | $5.0M | $5.4M | — | — |
| CCBX payable | $27.5M | $29.2M | $33.7M | $20.4M |
| Deferred tax liability, net | $853.0K | — | — | — |
| Other liabilities | $23.2M | $13.4M | $9.1M | $8.9M |
| Total liabilities | $4.3B | $3.7B | $3.5B | $2.9B |
| Authorized: 25,000,000 shares at December 31, 2025 and December 31, 2024; issued and outstanding: zero shares at December 31, 2025 and December 31, 2024 | 0 | 0 | 0 | 0 |
| Authorized: 300,000,000 shares at December 31, 2025 and December 31, 2024; 15,140,192 shares at December 31, 2025 issued and outstanding and 14,935,298 shares at December 31, 2024 issued and outstanding | 233.4M | 228.2M | 130.1M | 125.8M |
| Retained earnings | $257.5M | $210.5M | $165.3M | $120.0M |
| Accumulated other comprehensive loss, net of tax | ($1.0K) | ($2.0K) | ($469.0K) | ($2.3M) |
| Total shareholders’ equity | $491.0M | $438.7M | $295.0M | $243.5M |
| Total liabilities and shareholders’ equity | $4.7B | $4.1B | $3.8B | $3.1B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $48.1M | $52.7M | $34.9M | $29.5M |
| Interest earning deposits with other banks | $960.4M | $1.4B | $607.3M | $690.2M |
| Investment securities, available-for-sale, at fair value | $27.0K | $28.0K | $31.0K | $33.0K |
| Investment securities, held-to-maturity, at amortized cost | $45.2M | $46.1M | $43.9M | $45.5M |
| Other investments | $14.2M | $14.0M | $12.8M | $12.5M |
| Loans held for sale | $107.8M | $124.0M | $42.9M | $60.5M |
| Loans receivable | $4.2B | $3.9B | $3.7B | $3.5B |
| Allowance for credit losses | ($213.7M) | ($172.4M) | ($173.8M) | ($164.8M) |
| Total loans receivable, net | $4.0B | $3.7B | $3.5B | $3.4B |
| CCBX credit enhancement asset, net | $154.3M | $180.6M | $177.7M | $167.8M |
| CCBX receivable | $28.1M | $24.9M | $16.3M | $13.0M |
| Premises and equipment, net | $25.7M | $29.7M | $29.1M | $29.1M |
| Lease right-of-use assets | $4.4M | $4.6M | $4.8M | $4.9M |
| Accrued interest receivable | $20.9M | $20.1M | $20.5M | $20.8M |
| Bank-owned life insurance, net | $14.2M | $14.0M | $13.8M | $13.6M |
| Deferred tax asset, net | $16.2M | — | $0 | $3.8M |
| Intangible assets, net | $4.2M | $4.4M | — | — |
| Other assets | $17.8M | $18.7M | $19.0M | $13.6M |
| Total assets | $5.5B | $5.7B | $4.6B | $4.5B |
| Deposits | $4.9B | $5.0B | $4.0B | $3.9B |
| Principal amount $45,000 (less unamortized debt issuance costs of $482 and $557) at June 30, 2026 and December 31, 2025, respectively | $44.5M | $44.5M | $44.4M | $44.4M |
| Principal amount $3,609 (less unamortized debt issuance costs of $15 and $16 at June 30, 2026 and December 31, 2025, respectively) | $3.6M | $3.6M | $3.6M | $3.6M |
| Deferred compensation | $236.0K | $251.0K | $281.0K | $295.0K |
| Accrued interest payable | $2.2M | $2.7M | $1.1M | $954.0K |
| Lease liabilities | $4.5M | $4.8M | $5.0M | $5.1M |
| CCBX payable | $33.0M | $28.4M | $31.2M | $32.9M |
| Deferred tax liability, net | $0 | $1.7M | $799.0K | — |
| Other liabilities | $42.8M | $33.0M | $18.9M | $18.1M |
| Total liabilities | $5.0B | $5.2B | $4.1B | $4.0B |
| Authorized: 25,000,000 shares at June 30, 2026 and December 31, 2025; issued and outstanding: zero shares at June 30, 2026 and December 31, 2025 | 0 | 0 | 0 | 0 |
| Authorized: 300,000,000 shares at June 30, 2026 and December 31, 2025; 15,280,689 shares at June 30, 2026 issued and outstanding and 15,140,192 shares at December 31, 2025 issued and outstanding | 236.0M | 234.2M | 230.4M | 230.4M |
| Retained earnings | $227.4M | $269.5M | $244.9M | $231.3M |
| Accumulated other comprehensive loss, net of tax | ($1.0K) | ($1.0K) | ($1.0K) | ($1.0K) |
| Total shareholders’ equity | $463.4M | $503.8M | $475.3M | $461.7M |
| Total liabilities and shareholders’ equity | $5.5B | $5.7B | $4.6B | $4.5B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $47.0M | $45.2M | $44.6M | $40.6M |
| Provision for credit losses | $192.6M | $277.6M | $184.0M | — |
| Depreciation and amortization | $6.5M | $4.6M | $2.3M | $1.8M |
| Loss on disposition of fixed assets | $26.0K | $0 | $39.0K | $35.0K |
| Decrease in operating lease right-of-use assets | $899.0K | $835.0K | $833.0K | $1.1M |
| Decrease in operating lease liabilities | ($915.0K) | ($848.0K) | ($857.0K) | ($1.1M) |
| Gain on sales of loans | $0 | $0 | ($253.0K) | $0 |
| Net amortization on investment securities | $13.0K | $5.0K | ($25.0K) | ($50.0K) |
| Unrealized holding loss (gain) on equity investment, net | $414.0K | ($27.0K) | ($279.0K) | $153.0K |
| Stock-based compensation | $8.6M | $4.8M | $3.7M | $2.5M |
| Increase in bank-owned life insurance value | ($516.0K) | ($485.0K) | $27.0K | ($360.0K) |
| Deferred tax expense | $4.5M | $138.0K | $13.9M | ($11.0M) |
| Net change in CCBX receivable | ($10.1M) | ($5.0M) | $1.3M | ($9.2M) |
| Net change in CCBX credit enhancement asset | $4.2M | ($69.0M) | ($50.1M) | ($44.7M) |
| Net change in CCBX payable | ($1.7M) | ($1.1M) | $13.2M | $18.6M |
| Net change in other assets and liabilities | $3.0M | $3.1M | ($15.9M) | ($10.4M) |
| Total adjustments | $207.6M | $214.6M | $151.9M | $26.5M |
| Net cash provided by operating activities | $254.6M | $259.8M | $196.5M | $67.1M |
| Purchase of investment securities held-to-maturity | ($5.1M) | $0 | ($50.2M) | — |
| Net (increase) decrease in FRB and FHLB securities | ($1.9M) | ($546.0K) | $607.0K | ($2.2M) |
| Change in equity investments, net | ($556.0K) | — | — | — |
| Principal paydowns of investment securities available-for-sale | $7.0K | $8.0K | $9.0K | $17.0K |
| Principal paydowns of investment securities held-to-maturity | $4.2M | $3.6M | $417.0K | $256.0K |
| Maturities and calls of investment securities available-for-sale | $0 | $100.0M | $250.0K | $70.0M |
| Purchase of bank owned life insurance | ($19.0K) | ($20.0K) | ($230.0K) | ($53.0K) |
| Payments To Acquire Assets, Net Of Cash Acquired | ($2.4M) | — | — | — |
| Proceeds from sales of loans held for sale | $6.6B | $1.5B | $600.2M | $152.5M |
| Investments in loans receivable | $26.3M | ($202.0M) | ($91.5M) | ($912.5M) |
| Increase in loans receivable, net | ($7.2B) | ($2.0B) | ($1.1B) | — |
| Purchases of premises and equipment, net | ($8.4M) | ($9.9M) | ($6.2M) | ($2.8M) |
| Net cash used by investing activities | ($525.7M) | ($608.6M) | ($599.0M) | ($987.9M) |
| Net increase in demand deposits, money market, and savings | $564.1M | $225.8M | $553.9M | $467.7M |
| Net decrease in time deposits | ($5.3M) | ($811.0K) | ($11.1M) | ($14.0M) |
| Proceeds from exercise of stock options, net of shares withheld to cover | 104.0K | 1.4M | 618.0K | 1.5M |
| Net cash for shares held to cover on restricted stock vesting | -3.5M | — | — | — |
| Proceeds from public offering, expense true-up | $82.0K | $91.8M | $0 | $0 |
| Net cash provided by financing activities | $555.5M | $318.2M | $543.5M | $449.8M |
| NET CHANGE IN CASH, DUE FROM BANKS AND RESTRICTED CASH | $284.5M | ($30.6M) | $141.0M | ($471.0M) |
| CASH, DUE FROM BANKS AND RESTRICTED CASH, beginning of year | $452.5M | $483.1M | $342.1M | $813.2M |
| CASH, DUE FROM BANKS AND RESTRICTED CASH, end of year | $737.0M | $452.5M | — | $342.1M |
| Interest paid | $119.1M | $123.7M | $91.4M | $20.1M |
| Income taxes paid | $9.5M | $10.5M | $6.8M | $23.5M |
| Fair value adjustment of securities available-for-sale, gross | $0 | $535.0K | $2.4M | ($3.0M) |
| Lease liabilities arising from obtaining right-of-use assets | $501.0K | $122.0K | ($1.7M) | $0 |
| Transfer from loans to loans held for sale | $6.7B | $1.5B | $599.9M | $152.5M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| NET (LOSS) INCOME | ($30.1M) | $12.0M | $34.4M | $20.8M |
| PROVISION FOR CREDIT LOSSES | $143.6M | $51.4M | $144.6M | $88.0M |
| Depreciation and amortization | $8.1M | $1.7M | $4.8M | $3.2M |
| Origination of loans held for sale | ($437.0K) | — | — | — |
| Proceeds from sales of loans held for sale | $118.0K | — | — | $2.0B |
| Loss on disposition of fixed assets | $11.0K | $11.0K | — | — |
| Decrease in operating lease right-of-use assets | $542.0K | $269.0K | $647.0K | $430.0K |
| Decrease in operating lease liabilities | ($552.0K) | ($274.0K) | ($658.0K) | ($437.0K) |
| Net amortization on investment securities | $27.0K | $18.0K | $14.0K | $13.0K |
| Unrealized holding (gain) loss on equity investment, net | ($101.0K) | ($126.0K) | $414.0K | $423.0K |
| Stock-based compensation | $3.9M | $2.0M | $4.6M | $4.5M |
| Increase in bank-owned life insurance value | ($271.0K) | ($134.0K) | ($384.0K) | ($255.0K) |
| Deferred tax expense | ($17.0M) | $803.0K | $4.4M | ($228.0K) |
| Net change in CCBX receivable | ($5.1M) | ($1.9M) | ($2.1M) | $1.1M |
| Net change in CCBX credit enhancement asset | ($22.7M) | ($2.9M) | $4.1M | $14.1M |
| Credit enhancement valuation adjustment | $46.0M | — | — | — |
| Net change in CCBX payable | $5.5M | $918.0K | $2.0M | $3.8M |
| Net change in other assets and liabilities | $21.4M | $12.2M | ($91.0K) | $2.3M |
| Total adjustments | $182.9M | $64.0M | $162.4M | $117.0M |
| Net cash provided by operating activities | $152.8M | $76.0M | $196.8M | $137.7M |
| Net increase in FRB and FHLB securities | ($542.0K) | ($470.0K) | ($2.4M) | ($2.1M) |
| Change in equity investments, net | ($697.0K) | ($590.0K) | — | — |
| Principal paydowns of investment securities available-for-sale | $2.0K | $1.0K | $5.0K | $3.0K |
| Principal paydowns of investment securities held-to-maturity | $3.0M | $2.1M | $3.4M | $1.7M |
| Purchase of intangible assets | ($125.0K) | ($125.0K) | — | — |
| Purchase of bank owned life insurance | ($18.0K) | — | ($18.0K) | ($18.0K) |
| Proceeds from sales of loans held for sale | $7.8B | $3.3B | $3.7B | — |
| Purchase of loans and loan participations | ($40.3M) | $16.1M | $11.2M | — |
| Increase in loans receivable, net | ($8.4B) | ($3.5B) | ($4.1B) | ($2.2B) |
| Purchases of premises and equipment, net | ($4.0M) | ($1.8M) | ($6.5M) | ($4.8M) |
| Net cash used by investing activities | ($597.7M) | ($213.2M) | ($391.9M) | ($196.4M) |
| Net increase in demand deposits, money market, and savings | $718.9M | $897.1M | $391.6M | $331.8M |
| Net decrease in time deposits | ($1.2M) | ($91.0K) | ($4.3M) | ($3.6M) |
| Proceeds from exercise of stock options, net of shares withheld to cover | -30.0K | -61.0K | 48.0K | 21.0K |
| Net cash for shares held to cover on restricted stock vesting | -1.3M | -1.2M | -2.5M | -2.4M |
| Proceeds from public offering, expense true-up | $0 | $0 | $72.0K | $72.0K |
| Net cash provided by financing activities | $716.4M | $895.7M | $384.9M | $326.0M |
| NET CHANGE IN CASH, DUE FROM BANKS AND RESTRICTED CASH | $271.5M | $758.5M | $189.7M | $267.2M |
| CASH, DUE FROM BANKS AND RESTRICTED CASH, beginning of year | $737.0M | $737.0M | $452.5M | $452.5M |
| CASH, DUE FROM BANKS AND RESTRICTED CASH, end of quarter | $1.0B | $1.5B | $642.3M | $719.8M |
| Interest paid | $56.8M | $27.1M | $90.9M | $59.9M |
| Income taxes paid | $6.4M | $8.0K | $9.7M | $6.6M |
| Lease liabilities arising from obtaining right-of-use assets | $90.0K | $89.0K | $216.0K | $102.0K |
| Transfer from loans to loans held for sale | $7.9B | $3.3B | $3.7B | $2.1B |
COASTAL FINANCIAL CORP score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.