Coastal Financial Corporation Announces Fourth Quarter and Fiscal Year 2023 Results

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 ...