Coastal Financial Q1 FY26 net income rises 23.7% to $12 million; net interest income climbs 9.6% to $83.4 million

COASTAL FINANCIAL CORP

COASTAL FINANCIAL CORP

CCB

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  • Coastal Financial posted net income of $12 million, up 23.71%, with diluted EPS of $0.78.
  • Net interest income rose 9.6% to $83.4 million as net interest margin narrowed 0.48 percentage point to 7%.
  • Noninterest income increased 4.1% to $66.1 million, driven by BaaS program income of $10.89 million, up 73.4%.
  • Provision for credit losses fell 7.89% to $51.4 million, while total assets climbed to $5.66 billion with deposits rising to $5.04 billion.
  • CCBX partner count held at 30, with $3.33 billion of CCBX loans transferred to loans held for sale during the quarter and $3.28 billion sold as Coastal continued repositioning to manage credit and concentration levels.


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