Toronto, Ontario, Canada, March 19, 2026 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company" or "Canada Carbon") (TSX-V:CCB) (FF:U7N1) is pleased to announce that trading of its common shares on the TSX Venture Exchange (the “TSXV”) will resume at market shortly. The Company would like to thank the shareholders for their patience while this matter was being resolved. Share Consolidation The Company held an annual and special meeting of shareholders (the “Meeting”) on Wednesday, January 21, 2026 after fai ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-K ________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-38589 ________________________________ COASTAL FI ...

Core Viewpoint - Coastal Financial Corporation (CCB) reported quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $1.16 per share, representing a -29.00% earnings surprise [1]. Financial Performance - The company posted revenues of $138.03 million for the quarter ended December 2025, missing the Zacks Consensus Estimate by 14.06%, compared to year-ago revenues of $143.27 million [2]. - Over the last four quarters, Coastal Financial has not surpassed consensus EPS estimates and has topped consensus revenue estimates only once [2]. Stock Performance - Coastal Financial shares have declined approximately 11.9% since the beginning of the year, while the S&P 500 has gained 1.9% [3]. - The current Zacks Rank for Coastal Financial is 4 (Sell), indicating expected underperformance in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.27 on revenues of $164.4 million, and for the current fiscal year, it is $6.06 on revenues of $716.2 million [7]. - The trend of estimate revisions for Coastal Financial was unfavorable prior to the earnings release, which may impact future stock movements [5][6]. Industry Context - The Zacks Industry Rank for Banks - West is in the top 21% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]. - Sierra Bancorp, another company in the same industry, is expected to report quarterly earnings of $0.85 per share, reflecting a year-over-year change of +18.1% [9].

Financial Performance - Net income for Q4 2025 was $12.6 million, or $0.82 per diluted share, down from $13.6 million, or $0.88 per diluted share in Q3 2025[1]. - Return on average assets (ROA) for the quarter ended December 31, 2025, was 1.09%, down from 1.19% in the previous quarter and 1.30% a year ago[10]. - Net interest income for the quarter ended December 31, 2025, was $79.4 million, reflecting a 1.9% increase from $77.9 million for the quarter ended September 30, 2025[36]. - Net interest income for the latest quarter was $12,643 million, a decrease of 6.98% from $13,592 million in the previous quarter[80]. - Basic earnings per common share decreased to $0.84 from $0.90, reflecting a decline of 6.67%[80]. - Total shareholders' equity increased by $15.7 million since September 30, 2025, primarily due to $12.6 million in net earnings[52]. - Total shareholders' equity increased to $490,959 thousand, up from $475,277 thousand in the previous quarter, a growth of 3.4%[78]. Asset and Liability Management - Total assets increased by $188.4 million, or 4.1%, to $4.74 billion at December 31, 2025, compared to $4.55 billion at September 30, 2025[49]. - Total liabilities reached $4,250,478 thousand, reflecting an increase of 4.2% from $4,077,799 thousand in the previous quarter[78]. - The allowance for credit losses was $169.5 million, representing 4.52% of loans receivable at December 31, 2025, compared to 4.69% at September 30, 2025[54]. - The company had a cash balance of $42.3 million as of December 31, 2025, with $737.0 million in cash on hand and borrowing capacity of $642.2 million from the Federal Reserve Bank[50]. Loan and Deposit Growth - Loans receivable increased by $45.7 million, a 1.2% rise, while deposits grew by $171.6 million, or 4.3%[2]. - Average loans receivable increased by $103.5 million as of December 31, 2025, despite selling $2.98 billion in CCBX loans during the same quarter[11][12]. - CCBX loans increased by $3.4 million, or 0.2%, to $1.81 billion, despite significant loan sales[23]. - CCBX deposits rose by $182.9 million, or 7.7%, to $2.56 billion, driven by deposit growth and the successful launch of Robinhood's deposit product[32]. - The community bank saw net loans increase by $42.3 million, or 2.2%, to $1.94 billion during the quarter ended December 31, 2025[33]. Nonperforming Assets and Credit Quality - Nonperforming assets to total assets ratio was 1.35% as of December 31, 2025, compared to 1.31% in Q3 2025[8]. - Nonperforming assets increased to $64.1 million, or 1.35% of total assets, as of December 31, 2025, up from $59.8 million (1.31%) at September 30, 2025[63]. - Community bank nonperforming loans rose to $6.5 million as of December 31, 2025, an increase of $2.3 million from the previous quarter, while CCBX nonperforming loans increased to $57.6 million[64]. - The ratio of nonperforming loans to loans receivable was 1.71% at December 31, 2025, compared to 1.61% at September 30, 2025, and 1.80% at December 31, 2024[64]. Noninterest Income and Expenses - Noninterest income was $58.7 million for the three months ended December 31, 2025, a decrease of $8.1 million from $66.8 million for the previous quarter[42]. - Total noninterest expense increased by $2.6 million to $72.8 million for the quarter ended December 31, 2025, compared to $70.2 million for the quarter ended September 30, 2025[44]. - The increase in noninterest expense for the quarter ended December 31, 2025, was primarily due to a $2.6 million increase in salaries and employee benefits and an $864,000 increase in data processing and software licenses[44]. BaaS Program Performance - Total BaaS program fee income reached $8.4 million for Q4 2025, an increase of $811,000, or 10.7% from Q3 2025[4]. - Net BaaS loan income was $37,590,000 for the three months ended December 31, 2025, with a net BaaS loan income margin of 8.13%[90]. - Total BaaS program income increased to $8,365 in Q4 2025 from $7,554 in Q3 2025, driven by increases in servicing fees and transaction fees[114]. - Total noninterest BaaS income was $56,780 in Q4 2025, down from $65,093 in Q3 2025[114]. Capital and Leverage Ratios - Tier 1 leverage capital ratio was 10.62% as of December 31, 2025, up from 10.54% in Q3 2025[9]. - The company remained well capitalized with Tier 1 leverage capital at 10.60% and total capital at 13.79% as of December 31, 2025[53].

Core Insights - Coastal Financial Corporation reported a net income of $12.6 million for Q4 2025, a decrease from $13.6 million in Q3 2025 and $13.4 million in Q4 2024, with a full-year net income of $47.0 million compared to $45.2 million in 2024 [1][2]. Financial Performance - Loans receivable increased by $45.7 million, or 1.2%, and deposits grew by $171.6 million, or 4.3% in Q4 2025 [2]. - Net interest income for Q4 2025 was $79.4 million, up 1.9% from Q3 2025 and 9.5% from Q4 2024 [40]. - The net interest margin was 7.03% for Q4 2025, slightly up from 7.00% in Q3 2025 but down from 7.23% in Q4 2024 [41]. CCBX Segment Performance - The CCBX segment generated $8.4 million in program fee income for Q4 2025, a 10.7% increase from Q3 2025 [7]. - CCBX loans increased by $3.4 million to $1.81 billion despite selling $2.98 billion in loans during the quarter [25]. - The CCBX segment has 28 relationships at various stages, with two partners in testing and five in implementation/onboarding as of December 31, 2025 [19]. Community Bank Performance - The community bank saw net loans increase by $42.3 million, or 2.2%, to $1.94 billion in Q4 2025 [36]. - Community bank deposits decreased by $11.2 million, or 0.7%, to $1.59 billion during the same period [39]. Strategic Initiatives - The company is deploying artificial intelligence to enhance efficiency and customer experience, while also exploring opportunities in digital assets [3]. - The acquisition of the GreenFi brand reflects the company's strategy to optimize its portfolio and align resources with long-term priorities [7]. - The company plans to continue expanding its product offerings with existing partners while onboarding new relationships aligned with long-term objectives [2][20].

COASTAL FINANCIAL CORPORATION INVESTOR PRESENTATION Fourth Quarter 2025 LEGAL INFORMATION AND DISCLAIMER Important note regarding forward-looking statements: Statements made in this presentation (or conveyed orally) which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding Coastal Financial Corporation's ("Coastal") plans, objectives, or goals for future operations, products or services, and fore ...

Company Overview - Coastal Financial Corporation is a regional bank holding company focused on providing tailored financial solutions to businesses and individuals in Washington state, leveraging a diversified product portfolio and an innovative banking-as-a-service platform to drive growth [1] - The company serves small to medium-sized businesses, professionals, and individual customers in the Puget Sound region, offering a comprehensive suite of banking products including commercial and industrial loans, real estate financing, consumer lending, deposit accounts, cash management, and banking-as-a-service [2] Recent Transactions - Eric M Sprink, CEO of Coastal Financial Corporation, sold 12,402 shares in multiple open-market transactions on January 21 and 22, 2026, representing approximately $1.4 million in value [7] - The sale reduced Sprink's direct holdings by 7.23%, leaving him with 159,126 directly held shares, a significant decline from over 430,000 shares in early 2023 [5] - The scale of the sale is larger than Sprink's historical median sale size of 8,518 shares for direct sales, indicating a higher-than-typical volume but still within the observed range of past transactions [6] Stock Performance - Coastal Financial stock has been a strong performer, returning 24% over the past 12 months, with average annualized returns of 38.7% and 27.8% over the past five and ten years, respectively [8] - The stock is currently down about 8% year-to-date and is trading at 33 times earnings, which some analysts consider a bit expensive [11] Strategic Developments - On January 9, 2026, Coastal Financial acquired the GreenFi brand from Mission Financial Partners, which includes a platform for sustainable investing and ESG compliance, indicating a strategic move towards climate-friendly financial services [9]

Core Insights - Canada Carbon Inc. has completed a third drilling campaign at its Asbury Graphite Property, enhancing its resource evaluation and de-risking efforts [1][4] - The drilling program, which took place from November 4 to December 10, 2025, achieved 2,517 meters of drilling out of a planned 5,200 meters, contributing to a total of over 7,500 meters of core samples from previous campaigns [2][4] - The company aims to update its NI 43-101 resource report and complete a pre-feasibility study by June 30, 2026, following its maiden resource estimate of 4.14 million tons with an average grade of 3.05% Cg [4] Drilling Campaign Details - The recent drilling campaign focused on the Northeast and Southwest portions of the Asbury property, which is located near Notre-Dame-du-Laus, Quebec [1] - Historical data indicates that Asbury was an operational graphite mine from 1974 to 1988, producing high-quality concentrate [4] - The results from the Fall 2023 drilling campaign included significant graphite grades, such as 12.25% Cg over 22.50 meters [8] Future Plans and Expectations - The company is optimistic about the commercial potential of the Asbury project and its contribution to the local economy and Quebec's strategic mineral development efforts [4] - Canada Carbon is committed to maintaining high standards of social and environmental responsibility while developing its graphite deposits [13]

Core Viewpoint - Canada Carbon Inc. plans to hold an annual and special meeting of shareholders on January 21, 2026, after not conducting an annual meeting since January 31, 2024, in compliance with TSX Venture Exchange regulations [1]. Company Information - Canada Carbon Inc. is listed on the TSX Venture Exchange under the ticker CCB and has a presence in the financial market [1]. - The CEO and Director of Canada Carbon is Ellerton Castor, who can be contacted via email or phone for inquiries [2]. Forward-Looking Information - The press release contains forward-looking information based on expectations and projections as of the release date, including details about the upcoming shareholder meeting [2]. - The company acknowledges that actual results may differ from forward-looking statements due to various risks and uncertainties, including compliance with regulations and financial capabilities [2].

Core Insights - Coastal Financial Corporation (CCB) is a financial institution operating in a competitive market, recently highlighted by a significant stock transaction involving CEO Eric M. Sprink [1] Transaction Details - On January 16, 2026, Eric M. Sprink sold 3,000 shares of CCB at an average price of $117.60, totaling $352,800 [2] - Following the sale, Sprink retains 182,884 shares valued at approximately $21.5 million, representing a 1.61% decrease in his holdings [3] Stock Performance - The insider selling coincided with a 1.7% decrease in Coastal Financial's stock price, which opened at $116.94 and is currently at $113.04, reflecting a decrease of 0.57% or $0.65 [4] - The stock has traded between $112.13 and $114.86 today, with a market capitalization of approximately $1.71 billion [4] Historical Stock Data - Over the past year, Coastal Financial's stock has fluctuated with a high of $120.05 and a low of $76.11 [5] - The company has a price-to-earnings ratio of 37.01 and a beta of 0.89, indicating moderate volatility compared to the market [5]