The company delivered steady financial performance, supported by growth in both net interest income and BaaS-related revenue through the CCBX segment, while also managing costs despite some restructuring expenses.

Coastal Financial Corporation reported a net income of $9.73 million for the three months ended March 31, 2025, a significant increase from $6.8 million in the prior year. Total assets grew to $4.34 billion, up 5.3% from December 31, 2024, primarily due to increased interest-earning deposits and loans receivable. The company's CCBX segment showed strong loan growth and increased BaaS program income, contributing positively to the overall financial performance.

Coastal Financial Corporation reported a net income of $13.4 million for Q4 2024. The company completed a $98.0 million capital raise and saw high-quality net loan growth of $67.7 million. CCBX program fee income continued to increase, up 56.9% for the full year.

Coastal Financial Corporation reported a strong third quarter in 2024, marked by a net income of $13.5 million, or $0.97 per diluted common share. The company experienced high quality net loan growth of $92.4 million, driven by both the community bank and CCBX segments, despite selling $423.7 million in loans. Strategic initiatives to increase fee income and investments in scalable infrastructure contributed to the positive results.

Coastal Financial Corporation reported a strong second quarter of 2024, with net income increasing to $11.6 million, or $0.84 per diluted share. The company experienced robust loan growth, increased deposits, and improved net interest margin. They also sold $155.2 million in CCBX loans during the quarter.

Coastal Financial Corporation reported a net income of $6.8 million, or $0.50 per diluted common share, for Q1 2024. The results were influenced by $2.3 million in unanticipated expenses and continued investments in technology to enhance BaaS infrastructure. Despite these factors, the company saw growth in total assets, loans, and deposits.

Coastal Financial Corporation reported a net income of $9.0 million, or $0.66 per diluted common share, for Q4 2023. Total assets reached $3.75 billion, with loans increasing to $3.03 billion and deposits growing to $3.36 billion. The company strategically sold $125.1 million in CCBX loans to reduce risk and optimize the portfolio.

Coastal Financial Corporation reported a net income of $10.3 million for Q3 2023, with total assets increasing to $3.68 billion. The company strategically decreased total loans by $40.5 million through loan sales, while deposits increased by $127.1 million. Focus remained on optimizing the CCBX loan portfolio and strengthening the balance sheet.

Coastal Financial Corporation reported a net income of $12.9 million for the quarter ended June 30, 2023. The company's Return on Average Assets was 1.52% and Return on Average Equity was 19.53%. Total assets reached $3,535.3 million, with loans receivable at $3,007.6 million and deposits at $3,162.6 million.

Coastal Financial Corporation reported a net income of $12.4 million for Q1 2023, with a return on average assets of 1.58% and a return on average equity of 19.89%. Total assets reached $3,451.0 million, loans receivable totaled $2,837.2 million, and total deposits amounted to $3,095.2 million.

Coastal Financial Corporation reported a strong fourth quarter in 2022, marked by an increase in net income to $13.1 million, driven by loan growth and higher interest rates. The company's CCBX segment showed significant expansion, while community bank deposits experienced a decrease. Strategic efforts included managing deposit costs and refining CCBX partnerships.

Coastal Financial Corporation reported a net income of $11.1 million, a return on average assets of 1.45%, and a return on average shareholders' equity of 19.36% for the quarter ended September 30, 2022. The company's asset-sensitive balance sheet is well-positioned for the current rising interest rate environment.

Coastal Financial Corporation reported record quarterly net income of $10.2 million, or $0.76 per diluted common share, for the quarter ended June 30, 2022. Total assets increased to $2.97 billion, and loan growth reached $461.2 million. Deposit growth was also strong at $120.8 million.

Coastal Financial Corporation reported strong first quarter results, with net income of $6.2 million, driven by growth in total assets, deposits, and non-PPP loans. The CCBX segment continues to be a significant contributor to the company's growth.

Coastal Financial Corporation reported a net income of $7.3 million for the fourth quarter of 2021, an increase of 9.1% compared to the previous quarter. The company experienced strong deposit growth and non-PPP loan growth during the quarter. Total assets increased to $2.64 billion, and the company completed a successful public offering of common stock.

Coastal Financial Corporation reported a strong third quarter with significant growth in total assets and deposits. Total assets increased by $444.4 million to $2.45 billion, and total deposits increased by $421.9 million to $2.22 billion. Net income for the quarter was $6.7 million, or $0.54 per diluted common share.

Coastal Financial Corporation reported a solid financial performance, demonstrating growth in key areas such as BaaS revenue, capital call line commitments, and deposit growth. The company also successfully managed its PPP loan portfolio and maintained a strong asset quality.

Coastal Financial Corporation reported its Q1 2021 financial results, which included the impact of Paycheck Protection Program (PPP) loans. As of March 31, 2021, the company funded $736.5 million in PPP loans and earned $3.2 million in net deferred fees on PPP loans during the quarter.

Coastal Financial Corporation reported a net income of $4.7 million, or $0.38 per diluted common share, for the fourth quarter of 2020, compared with net income of $3.6 million, or $0.30 per diluted common share, for the quarter ended December 31, 2019.

Coastal Financial Corporation reported a net income of $4.1 million for the quarter ended September 30, 2020, an increase from $3.5 million in the same quarter of the previous year. Total assets reached $1.75 billion, compared to $1.09 billion in the prior year. The company funded $452.8 million in PPP loans.

Coastal Financial Corporation reported a net income of $3.7 million for the quarter ended June 30, 2020, with total assets reaching $1.679 billion, driven by strategic initiatives and the impact of PPP loans.

Coastal Financial Corporation reported a net income of $2.7 million for Q1 2020, a slight decrease from $2.8 million in Q1 2019. The results were impacted by a $1.6 million loan loss provision due to loan growth and economic uncertainties related to the COVID-19 pandemic, but benefited from annualized loan growth of 28.3% and deposit growth of 15.4%.

Coastal Financial Corporation reported a net income of $3.6 million, or $0.30 per diluted common share, for the fourth quarter of 2019, compared with $3.5 million, or $0.29 per diluted common share, for the third quarter of 2019. The company's return on average equity was 11.66% for the fourth quarter of 2019. Total assets increased to $1.13 billion at December 31, 2019.