Quarterly ResultApr 29, 2026, 07:17 AM
CCB Q1 Net Income $12.0M, EPS $0.78; Assets +19.5% to $5.66B
AI Summary
Coastal Financial Corporation reported Q1 2026 net income of $12.0 million, or $0.78 per diluted common share, a decrease from $12.6 million in the prior quarter but an increase from $9.7 million year-over-year. The company experienced solid growth with total assets increasing 19.5% to $5.66 billion and deposits growing 21.6% to $5.04 billion. The CCBX segment continued to expand product offerings and partner relationships, driving significant deposit and fee income growth, while management focuses on disciplined, sustainable expansion and credit quality.
Key Highlights
- Net income was $12.0M, or $0.78 diluted EPS, compared to $12.6M ($0.82 EPS) in Q4 2025.
- Total assets increased $922.4M (19.5%) to $5.66B at March 31, 2026.
- Deposits grew $897.0M (21.6%) to $5.04B at March 31, 2026.
- Loans receivable increased $109.8M (2.9%) to $3.86B.
- CCBX program fee income was $10.9M, an increase of 22.3% from Q4 2025.
- CCBX deposits increased $910.4M (35.6%) to $3.47B.
- Net interest income was $83.4M, an increase of 5.0% from Q4 2025.
- Return on average assets (ROA) was 0.98% for Q1 2026, down from 1.09% in Q4 2025.