Coastal Finl: Q4 Earnings Insights

COASTAL FINANCIAL CORP -1.78% Pre

COASTAL FINANCIAL CORP

CCB

43.05

43.05

-1.78%

0.00% Pre

Coastal Finl (NASDAQ:CCB) reported its Q4 earnings results on Tuesday, January 30, 2024 at 09:25 AM.

Here's what investors need to know about the announcement.

Earnings

Coastal Finl missed estimated earnings by 9.59%, reporting an EPS of $0.66 versus an estimate of $0.73.

Revenue was up $28.10 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.18 which was followed by a 4.52% drop in the share price the next day.

Here's a look at Coastal Finl's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 0.93 0.97 0.87 0.85
EPS Actual 0.75 0.95 0.91 0.96
Revenue Estimate 125.97M 124.06M 92.52M 87.47M
Revenue Actual 96.81M 120.94M 103.80M 96.25M

** Listen to the earnings announcement yourself by clicking here. **

To track all earnings releases for Coastal Finl visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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