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]

Core Insights - Dave Inc. has announced a strategic partnership with Coastal Financial Corporation, where Coastal Community Bank will act as a sponsor bank for Dave's banking products, including the new ExtraCash product, with customer onboarding expected to start in Q2 2025 [1][3][4] Group 1: Partnership Details - The partnership aims to enhance financial services accessibility for underbanked populations, aligning with both companies' missions [2][3] - Coastal Community Bank's customer-first approach and expertise in credit and banking products make it a suitable partner for Dave [4] Group 2: Company Background - Dave is recognized as a leading neobank and fintech company, utilizing disruptive technologies to offer competitive banking services [5] - Coastal Financial Corporation, with a market capitalization of $4.12 billion, operates through 14 branches and provides banking services via its CCBX division [6]

Group 1 - Coastal Financial Corporation (CCB) is experiencing significant attention from investors due to high implied volatility in the options market, particularly the Apr 17, 2025 $35.00 Put option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in Coastal Financial's stock price, potentially due to an upcoming event [2] - Currently, Coastal Financial holds a Zacks Rank 3 (Hold) in the Banks - West industry, which is in the top 5% of the Zacks Industry Rank, but analysts have not increased earnings estimates for the current quarter, with a consensus estimate dropping from $1.04 to $0.93 per share [3] Group 2 - The high implied volatility surrounding Coastal Financial may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]

Group 1 - Coastal Financial (CCB) is a bank holding company providing various financial services, with a 12.3% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - China Coal Energy (CCOZY) is involved in coal production, sales, and trading, experiencing a 7.5% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Canadian National Railway (CNI) operates in the rail and related transportation sector, with an almost 6% downward revision in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

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]

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 an increase from $6.8 million in Q4 2023 [1] - 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 same period [20][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 Q3 2024 [5][32] - 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 [33] Loan and Deposit Trends - Total loans receivable increased to $3.49 billion as of December 31, 2024, compared to $3.42 billion in Q3 2024 [5] - Total deposits decreased to $3.59 billion in Q4 2024 from $3.63 billion in Q3 2024, with a notable decrease in noninterest-bearing deposits [5][28] - The community bank segment saw a decrease in net loans by $14.6 million, or 0.8%, to $1.88 billion [29] CCBX Segment Insights - 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] - As of December 31, 2024, the CCBX segment had 24 relationships, including three signed letters of intent, reflecting ongoing expansion efforts [17][20] - The company plans to continue selling credit card loans while retaining a portion of the fee income, which provides a stable revenue stream without increasing on-balance-sheet risk [15][18]

Core Points - Canada Carbon Inc. has successfully closed a non-brokered private placement, raising a total of $550,000 through the issuance of flow-through units and flow-through shares [1][2] - The offering consists of 15,000,000 flow-through units priced at $0.02 each, generating $300,000, and 12,500,000 flow-through shares also priced at $0.02 each, generating $250,000 [1] - Each flow-through unit includes one flow-through share and one common share purchase warrant, with warrants exercisable at $0.07 for a period of 60 months [1] Use of Proceeds - The proceeds from the offering will be allocated for eligible exploration expenditures [2] Finder's Fees - The company paid finders' fees totaling $44,000 in cash and issued 2,200,000 common share purchase warrants, also exercisable at $0.07 for 60 months [3]