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 ...

Table of Contents Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, no par value per share CCB NASDAQ Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark one) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition p ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they beli ...

Core Viewpoint - Coastal Financial Corporation (CCB) is identified as a promising growth stock with favorable growth metrics and a strong Zacks Rank, making it an attractive option for growth investors [2][10]. Earnings Growth - Coastal Financial has a historical EPS growth rate of 34.2%, with projected EPS growth of 4.6% for the current year, significantly outperforming the industry average of -9.3% [5]. Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 10.6%, which is notably higher than the industry average of -6.7%. Additionally, its annualized cash flow growth rate over the past 3-5 years stands at 34.3%, compared to the industry average of 7% [6][7]. Earnings Estimate Revisions - The current-year earnings estimates for Coastal Financial have been revised upward, with the Zacks Consensus Estimate increasing by 1.1% over the past month, indicating positive momentum [9]. Overall Positioning - With a Growth Score of B and a Zacks Rank of 2, Coastal Financial is well-positioned for potential outperformance in the market, making it a compelling choice for growth investors [10][11].

Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.04%. A quarter ago, it was expected that this company would post earnings of $0.81 per share when it actually produced earnings of $0.84, delivering a surprise of 3.70%. Over the last four quarters, ...