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CCB

Coastal Financial Corporation

CCB

Coastal Financial Corporation • NASDAQ
$111.35 ▼ -0.24% (-0.27)
Market Cap $1.68 B
52w High $119.22
52w Low $73.80
Dividend Yield 0%
P/E 35.02
Volume 36.58K
Outstanding Shares 15.12M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $140.837M ▲ $35.205M ▼ $13.592M ▲ 9.651% ▲ $0.9 ▲ $19.508M ▲
Q2-2025 $115.203M ▼ $37.545M ▲ $11.028M ▲ 9.573% ▲ $0.73 ▲ $16.054M ▲
Q1-2025 $133.884M ▼ $37.489M ▲ $9.73M ▼ 7.267% ▼ $0.65 ▼ $13.323M ▼
Q4-2024 $137.949M ▼ $28.812M ▼ $13.367M ▼ 9.69% ▲ $0.97 ▼ $18.628M ▲
Q3-2024 $150.451M $30.92M $13.456M 8.944% $1 $17.54M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $642.289M ▼ $4.553B ▲ $4.078B ▲ $475.277M ▲
Q2-2025 $719.792M ▲ $4.481B ▲ $4.019B ▲ $461.709M ▲
Q1-2025 $624.336M ▲ $4.339B ▲ $3.889B ▲ $449.917M ▲
Q4-2024 $452.548M ▼ $4.121B ▲ $3.683B ▼ $438.704M ▲
Q3-2024 $484.064M $4.066B $3.734B $331.93M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.592M ▲ $59.043M ▼ $-195.462M ▼ $58.918M ▼ $-77.501M ▼ $57.378M ▼
Q2-2025 $11.028M ▲ $66.036M ▼ $-91.691M ▲ $121.112M ▼ $95.457M ▼ $63.956M ▼
Q1-2025 $9.73M ▼ $71.684M ▲ $-104.734M ▲ $204.839M ▲ $171.789M ▲ $68.922M ▲
Q4-2024 $13.367M ▼ $61.973M ▼ $-143.454M ▲ $49.968M ▼ $-31.513M ▼ $58.946M ▼
Q3-2024 $13.456M $63.362M $-151.136M $84.555M $-3.219M $60.897M

Revenue by Products

Product Q1-2023Q2-2023Q3-2023Q4-2023
C C B X Segment
C C B X Segment
 $0 ▲$0 ▲$30.00M ▲$150.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past several years, Coastal Financial has grown from a small revenue base into a much larger operation, with steady expansion almost every year. Profits have generally moved up alongside that growth, showing that the business has been able to scale without losing control of costs. Earnings per share have risen meaningfully over time, though they now look more flat from the most recent year to the one before it, suggesting the explosive profit growth phase may be slowing. Overall, the income statement points to a bank that has successfully grown both its traditional and fintech-driven activities, while remaining consistently profitable.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, with total assets more than doubling over the period shown. Equity has grown strongly as well, which indicates profits are being retained and the capital base is being built up over time. Borrowings are relatively modest and have actually come down from earlier levels, which reduces financial risk. Cash levels have moved around year to year but remain solid in the context of the bank’s size. In simple terms, the company appears larger, better capitalized, and less reliant on debt than it was a few years ago.

Cash Flow

Cash Flow Cash generated from day-to-day operations has climbed steadily, and it comfortably covers the company’s modest spending on technology and other long-term investments. Free cash flow closely tracks operating cash flow, which means there is not a heavy burden from capital spending. This pattern suggests that reported profits are well supported by actual cash and that the business does not need aggressive borrowing or equity raises to fund its growth at this stage.

Competitive Edge

Competitive Edge Coastal Financial combines a strong community banking franchise in a healthy regional market with a national, technology-led Banking-as-a-Service platform. Locally, it benefits from a leading deposit position and long-standing customer relationships, which helps provide stable, low-cost funding. Nationally, its BaaS unit partners with fintechs that rely on Coastal for regulatory compliance, infrastructure, and banking licenses—an area where expertise and trust are hard to replicate. This hybrid model gives the bank a differentiated competitive position, but it also exposes the company to competition from other BaaS-focused banks and from larger institutions moving into embedded finance, as well as to changing regulatory expectations.

Innovation and R&D

Innovation and R&D The company is unusually innovative for a regional bank. Its CCBX platform supports fintech partners with plug-in banking capabilities, regulatory and compliance services, card issuance, and tailored lending programs. Coastal has built flexibility into its systems by integrating with multiple technology cores and forming partnerships with specialized tech firms, which helps it adapt to many different fintech models. On top of this, its digital bank and experimental “Coastal World” concept show a willingness to test new ways of engaging customers, including in emerging digital environments. The opportunity is meaningful, but so is the execution risk: scaling a complex partner ecosystem, maintaining strong compliance across many fintechs, and proving that these investments produce durable, profitable growth over time.

Summary

Overall, Coastal Financial looks like a fast-growing, tech-forward regional bank that has moved beyond a pure community banking model into a more modern platform business. Financially, it has grown revenues, profits, assets, and equity at a healthy pace while keeping leverage low and generating solid cash flows. Strategically, its dual focus on a stable local franchise and a national BaaS platform creates multiple growth avenues and a degree of differentiation. The key watchpoints are whether earnings growth can re-accelerate after a recent plateau, how the company manages regulatory scrutiny in the BaaS space, the quality of its fintech partnerships, and the long-term returns on its digital and metaverse-style initiatives. The story is one of a maturing growth bank that blends traditional strengths with meaningful innovation, but also carries higher complexity and regulatory risk than a conventional community bank.

NEWS

September 22, 2025 · 4:50 PM UTC

Coastal Names Seasoned Fintech Leader Brandon Soto as New Chief Financial Officer

Read more