Coastal Financial Corporation (CCB) Q2 Earnings and Revenues Miss Estimates

Core Insights - Coastal Financial Corporation (CCB) reported quarterly earnings of $0.71 per share, missing the Zacks Consensus Estimate of $0.87 per share, and down from $0.84 per share a year ago, representing an earnings surprise of -18.39% [1] - The company posted revenues of $119.43 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 18.81%, and down from $136.15 million year-over-year [2] - Coastal Financial shares have increased by approximately 19.5% since the beginning of the year, outperforming the S&P 500's gain of 8.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.17 on revenues of $156.6 million, and for the current fiscal year, it is $3.67 on revenues of $608.1 million [7] - The estimate revisions trend for Coastal Financial was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Zacks Industry Rank for Banks - West is currently in the top 35% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]