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]

EVERETT, Wash., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ: CCB) (“Coastal” or the “Company”), the holding company for Coastal Community Bank (the “Bank”), today announced the pricing of an underwritten public offering of 1,200,000 shares of its common stock, no par value per share (the "Common Stock"), at a price to the public of $71.00 per share. Coastal also granted the underwriters a 30-day option to purchase up to an additional 180,000 shares of its Common Stock sold in thi ...

The majority of U.S. stock indices ended in the red on Nov. 28, following an unfavorable inflation data release, reflecting an uptick in the nation’s monthly consumer price. In such a situation, an investor might not feel confident enough to invest in the stock market. However, a prudent investor knows that this is the right time to buy stocks that are safe bets. To this end, we recommend stocks like Fox Corp. (FOX) , Coastal Financial (CCB) , NVIDIA Corporation (NVDA) , Freshpet Inc. (FRPT) and InterDigita ...

Earnings of Coastal Financial Corporation (NASDAQ: CCB ) will surge next year on the back of both non-interest income and net interest income growth. I’m expecting the company to report earnings of $3.15 per share for 2024, down 4% year-over-year, and $5.39 per share for 2025, up 71% year-over-year. TheAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article my ...