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Sep 30, 2022
Coastal Financial Q3 2022 Earnings Report
Net income and strong asset quality were achieved.
Key Takeaways
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.
Net income was $11.1 million.
Return on average assets was 1.45%.
Return on average shareholders' equity was 19.36%.
Total assets reached $3,133.7 million.
Revenue by Segment
Forward Guidance
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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