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Jun 30, 2020
Coastal Financial Q2 2020 Earnings Report
Coastal Financial's financial results for Q2 2020 reflected an increase in net income and strategic growth.
Key Takeaways
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.
Net income for the quarter was $3.7 million.
Total assets reached $1.679 billion.
Total loans amounted to $1.4471 billion.
The company funded $438.1 million in PPP loans, representing 2,526 loans.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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