Montreal, Quebec, Canada, April 11, 2025 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (TSX-V: CCB) (“CCB” or “the Company”) takes note of the Commission de protection du territoire agricole du Québec (“CPTAQ” or “the Commission”) decision regarding the Miller graphite project (the “Miller Project”) near Grenville-sur-la-Rouge, but is concerned about the impact of this decision on the development of projects related to critical and strategic minerals, and the precedent it sets for the Quebec mining industry. In a ...

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, 2024 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 Points - Canada Carbon Inc. announced a non-brokered private placement of up to 35,000,000 units at a price of $0.02 per unit, aiming for aggregate gross proceeds of up to $700,000 [1] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at a price of $0.06 for a period of 60 months [1] - The proceeds from the offering will be utilized for corporate and general working capital purposes [2] Offering Details - All securities issued will be subject to a hold period of four months plus a day from the date of issuance [2] - The closing of the offering is contingent upon receiving necessary regulatory approvals, including from the TSX Venture Exchange [2] - The company may pay a finder's fee of 8% of the gross proceeds and issue finder's warrants equal to 8% of the units issued [3] Regulatory Compliance - The offering does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States, as the securities have not been registered under the U.S. Securities Act [4] - The company disclaims any intention to update or revise forward-looking information unless required by law [6]

Core Points - Canada Carbon Inc. announced a non-brokered private placement of up to 35,000,000 units at a price of $0.02 per unit, aiming for aggregate gross proceeds of up to $700,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at a price of $0.06 for a period of 60 months [1][3] - The proceeds from the offering will be utilized for corporate and general working capital purposes [2] Offering Details - The offering is subject to a hold period of four months plus a day from the date of issuance and must comply with applicable securities legislation [2] - The company may pay a finder's fee of 8% of the gross proceeds and issue finder's warrants equal to 8% of the units issued [3] - Each finder's warrant will also allow the holder to acquire one common share at a price of $0.06 for a period of 60 months [3]

Los Angeles, CA, March 03, 2025 (GLOBE NEWSWIRE) -- Dave Inc. ("Dave" or the "Company") (NASDAQ:DAVE), one of the nation's leading neobanks and Coastal Financial Corporation (NASDAQ:CCB), the holding company for Coastal Community Bank, today announced a definitive strategic partnership. Coastal Community Bank will become a sponsor bank of Dave, including for Dave's banking products and Dave's new, simplified ExtraCash product. Customers will begin onboarding to Coastal Community Bank as soon as Q2 2025. "We ...

Investors in Coastal Financial Corporation (CCB) need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 17, 2025 $35.00 Put had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Coastal Financial (CCB) is a bank holding company which provides accounts checking, savings deposits, money market, mortgage and term loans services, as well as card facilities and internet banking services, through its subsidiaries. The Zacks Consensus Estimate for its current year earnings has been revised 12.3% downward over the last 60 days.China Coal Energy (CCOZY) is engaged in integrating engineering and technological service b ...

分组1 - Coastal Financial Corporation (CCB) reported quarterly earnings of $0.94 per share, missing the Zacks Consensus Estimate of $1.03 per share, but showing an increase from $0.66 per share a year ago, resulting in an earnings surprise of -8.74% [1] - The company posted revenues of $143.27 million for the quarter ended December 2024, which was 4.29% below the Zacks Consensus Estimate, compared to $124.35 million in revenues a year ago [2] - Coastal Financial has surpassed consensus EPS estimates two times over the last four quarters and has topped consensus revenue estimates just once during the same period [2] 分组2 - The stock has underperformed the market, losing about 0.9% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The current consensus EPS estimate for the coming quarter is $0.94 on revenues of $153.3 million, and for the current fiscal year, it is $4.79 on revenues of $675.4 million [7] - The Zacks Industry Rank for Banks - West is currently in the top 28% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Performance - Coastal Financial Corporation reported a net income of $13.4 million, or $0.94 per diluted common share, for Q4 2024, compared to $13.5 million, or $0.97 per diluted common share, in Q3 2024[1]. - Return on average assets (ROA) was 1.30% for the quarter ended December 31, 2024, a decrease from 1.34% in the previous quarter and an increase from 0.97% in the same quarter last year[10]. - Net interest income was $66.5 million for the quarter ended December 31, 2024, a decrease of $5.7 million, or 7.9%, from the previous quarter, but an increase of $6.9 million, or 11.5%, from the same quarter last year[29]. - Net interest margin was 6.65% for the quarter ended December 31, 2024, down from 7.41% in the previous quarter, primarily due to lower loan yield[30]. - Noninterest income for Q4 2024 was $76.8 million, down $3.3 million from Q3 2024 but up $12.1 million from Q4 2023, primarily due to a decrease in BaaS income[36][37]. - The company reported a net interest income after provision for credit losses of $4,649 thousand, compared to a net loss of $22,222 thousand in the same quarter last year[74]. - Basic earnings per common share were $0.97, down from $1.00 in the previous quarter, but up from $0.86 year-over-year[75]. Capital and Growth - The company completed a $98.0 million capital raise during Q4 2024, which will support growth in the Bank and the CCBX segment[2]. - The common equity tier 1 capital ratio increased to 12.04% as of December 31, 2024, benefiting from the capital raise[4]. - The company has three signed letters of intent (LOIs) and an active pipeline for 2025 to support future growth[4]. - Total shareholders' equity increased by $106.8 million since September 30, 2024, primarily due to a $93.4 million increase in common stock outstanding[47]. - The company aims to selectively expand its CCBX partnerships while enhancing technology and risk management infrastructure to support future growth[14]. Loan and Asset Management - The company sold $845.5 million in loans during Q4 2024, primarily consisting of credit card receivables[4]. - Total loans receivable rose by $67.7 million to $3.49 billion at December 31, 2024, compared to $3.42 billion at September 30, 2024[43]. - The community bank saw net loans decrease by $14.6 million, or 0.8%, to $1.88 billion for the quarter ended December 31, 2024[26]. - CCBX loans increased by $82.3 million, or 5.4%, to $1.60 billion despite selling $845.5 million in loans during the quarter[20]. - Total outstanding loan balances amount to $3.49 billion, with unused commitments of $1.96 billion, totaling $5.46 billion[90]. Credit Quality and Losses - Nonperforming assets to total assets ratio improved to 1.52% as of December 31, 2024, down from 1.63% in Q3 2024[8]. - The allowance for credit losses to total loans receivable ratio was 5.08% as of December 31, 2024, compared to 4.98% in Q3 2024[8]. - Net charge-offs for Q4 2024 totaled $55.9 million, an increase from $49.2 million in Q3 2024 and $44.9 million in Q4 2023, with a net charge-off rate of 6.51%[51]. - The total allowance for credit losses was $177.0 million, representing 5.08% of loans receivable as of December 31, 2024, compared to 4.98% in Q3 2024 and 3.86% in Q4 2023[50][51]. - CCBX nonperforming loans decreased to $62.6 million as of December 31, 2024, down from $65.3 million at September 30, 2024[64]. Expense Management - Total non-interest expense decreased by $1.4 million, or 2.1%, to $64.2 million in Q4 2024 compared to Q3 2024[4]. - Noninterest expenses were lower compared to the previous quarter due to a decrease in BaaS loan expense, but higher than the same quarter last year due to increased salaries and technology investments[10]. - Total noninterest expense decreased to $64.2 million in Q4 2024 from $65.6 million in Q3 2024, but increased by $12.5 million from $51.7 million in Q4 2023[38]. BaaS Program Performance - The company continues to focus on expanding its BaaS program, which generated $8,210 thousand in income for the quarter, up from $4,369 thousand a year ago[74]. - BaaS loan interest income for Q4 2024 was $58.671 million, a decrease from $67.692 million in Q3 2024, but an increase from $52.327 million in Q4 2023, with yields of 15.28%, 17.35%, and 17.36% respectively[35]. - The company recorded $62.1 million in BaaS credit enhancements related to provisions for credit losses during the quarter ended December 31, 2024[103]. - The average BaaS loans receivable decreased, leading to a reduction in interest income, primarily due to loan sales aimed at optimizing the loan portfolio[107].

Core Points - Coastal Financial Corporation reported a net income of $13.4 million for Q4 2024, a slight decrease from $13.5 million in Q3 2024, and a total net income of $45.2 million for the year, compared to $44.6 million in 2023 [1][2] - The company completed a $98.0 million capital raise in Q4 2024 to support growth, particularly in its CCBX segment, which saw a 56.9% increase in program fee income year-over-year [2][6] - The CCBX loan portfolio increased by $82.3 million, or 5.4%, to $1.60 billion despite selling $845.5 million in loans during the quarter [21][24] Financial Performance - Interest and dividend income for Q4 2024 was $96.6 million, down from $105.1 million in Q3 2024, while net interest income was $66.5 million, a decrease of 7.9% from the previous quarter [5][33] - Noninterest income for Q4 2024 was $76.8 million, compared to $80.1 million in Q3 2024, reflecting a decrease in BaaS loan expenses [5][6] - The net interest margin for Q4 2024 was 6.65%, down from 7.41% in Q3 2024, primarily due to lower loan yields [34] Loan and Deposit Activity - The company sold $845.5 million in loans during Q4 2024, primarily credit card receivables, while also sweeping $273.2 million of deposits off-balance sheet [6][28] - Total deposits decreased to $3.59 billion in Q4 2024, down from $3.63 billion in Q3 2024, with core deposits accounting for a significant portion [5][28] - The community bank segment saw a slight decrease in net loans by $14.6 million, or 0.8%, to $1.88 billion [29] CCBX Segment Performance - The CCBX segment's total program fee income for 2024 was $25.6 million, an increase of $9.3 million from 2023, indicating strong growth in partner transaction activity [6][18] - As of December 31, 2024, the CCBX segment had 24 relationships, including three signed letters of intent, and continues to refine its criteria for partnerships [18][19] - The yield on CCBX loans decreased to 15.28% in Q4 2024 from 17.35% in Q3 2024, attributed to a shift in credit quality and interest rates [22][25] Management Outlook - The company plans to selectively expand its CCBX partnerships while investing in technology and risk management to support future growth [16] - There is a focus on increasing noninterest income through transaction activity and new product offerings, while continuing to sell credit card loans to retain fee income [16][19]