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Sep 30, 2020
Coastal Financial Q3 2020 Earnings Report
Reported an increase in net income and total assets.
Key Takeaways
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.
Net income increased to $4.1 million.
Total assets grew to $1.75 billion.
Funded $452.8 million in PPP loans impacting nearly 40,000 employees.
Core deposits represented 93.4% of total deposits.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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