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Mar 31, 2023
Coastal Financial Q1 2023 Earnings Report
Coastal Financial's first quarter performance in 2023 was marked by significant growth and profitability, driven by strategic initiatives and strong asset quality.
Key Takeaways
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.
Net income for the quarter ended March 31, 2023, was $12.4 million.
Total assets reached $3,451.0 million as of March 31, 2023.
Loans receivable totaled $2,837.2 million as of March 31, 2023.
Total deposits amounted to $3,095.2 million as of March 31, 2023.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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