11 The Company has pledged loans totaling $985.6 million at March 31, 2024 and $1.01 billion at December 31, 2023, for borrowing lines at the FHLB and FRB. Additional loans were pledged during the first six months of 2023 and continues to be pledged to increase and maintain the borrowing capacity of the Bank in the event of a liquidity crisis. The Company, through the community bank, purchased loans from CCBX partners, at par, through agreements with those CCBX partners, and those loans had a remaining bala ...

5 Key Performance Ratios Exhibit 99.1 COASTAL FINANCIAL CORPORATION ANNOUNCES FIRST QUARTER 2024 RESULTS Company Release: April 29, 2024 (1) (2) Yields and costs are annualized. For presentation in this table, average balances and the corresponding average rates for investment securities are based upon historical cost, adjusted for amortization of premiums and accretion of discounts. Includes loans held for sale and nonaccrual loans. Net interest margin represents net interest income divided by the average ...

First Quarter 2024 Highlights: Net income of $6.8 million, or $0.50 per diluted common share, for the three months ended March 31, 2024, compared to $9.0 million, or $0.66 per diluted common share for the three months ended December 31, 2023 Return on average assets ("ROA") of 0.73% for the three months ended March 31, 2024, compared to 0.97% for the three months ended December 31, 2023.Return on average equity ("ROE") of 9.21% for the three months ended March 31, 2024 compared to 12.35% for the three month ...

• We are subject to laws regarding privacy, information security and protection of personal information and any violation of these laws or incidents involving personal, confidential or proprietary information of individuals, including, among others, system failures or cybersecurity breaches of our network security, could damage our reputation and otherwise adversely affect our business, financial condition and results of operation. The majority of our banking assets and liabilities are monetary in nature an ...

EVERETT, Wash., Feb. 02, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (NASDAQ:CCB), the bank holding company for Coastal Community Bank, announced that Jason Wingo has joined the Bank as Senior Vice President, Head of Bank Security Act (BSA) and Anti-Money Laundering (AML) Strategy and Solution Management. He reports to Brian Ferrell, EVP, Head of Financial Crimes. Mr Wingo is a seasoned IT leader with more than 20 years of experience in multiple platforms, including web-based, client-server, and ...

Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -29.79%. A quarter ago, it was expected that this company would post earnings of $0.87 per share when it actually produced earnings of $0.75, delivering a surprise of -13.79%.Over the last four quarter ...

Fourth Quarter 2023 Highlights: Net income of $9.0 million, or $0.66 per diluted common share, for the three months ended December 31, 2023, compared to $10.3 million, or $0.75 per diluted common share for the three months ended September 30, 2023. Return on average assets ("ROA") of 0.97% for the three months ended December 31, 2023.Return on average equity ("ROE") of 12.35% for the three months ended December 31, 2023. Total assets increased $75.1 million, or 2.0%, to $3.75 billion for the quarter ended D ...

Table of Contents, | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------|---------------------------|---------|------------------------|---------------------|-------|--------------------|----------|-------|-------|--------------------------------|------------|----------------------|-------|-------------|-------|-----------| | | Commercial and Industrial | | Land, Land Development | Construction, and | R ...

Table of Contents, (Mark one) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COASTAL FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (425) 257-9000 (Registrant's telephone number, including area code) Not Applicable (Former name, former address and former fiscal year, if changed since last report) __________________________________________________ ...

Table of Contents, | --- | --- | --- | --- | --- | |-------------------------------------------------------------------|-------|------------------|-------|---------------| | PROVISION FOR INCOME TAXES \nNET INCOME | $ | 3,047 \n12,391 | $ | 1,667 \n6,230 | | Basic earnings per common share | $ | 0.94 | $ | 0.48 | | Diluted earnings per common share | $ | 0.91 | $ | 0.46 | | Weighted average number of common shares outstanding: | | | | | | Basic | | 13,196,960 | | 12,898,746 | | Diluted | | 13,609,491 | | 13 ...