COASTAL FINANCIAL CORPORATION INVESTOR PRESENTATION Fourth Quarter 2025 LEGAL INFORMATION AND DISCLAIMER Important note regarding forward-looking statements: Statements made in this presentation (or conveyed orally) which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding Coastal Financial Corporation's ("Coastal") plans, objectives, or goals for future operations, products or services, and fore ...

Company Overview - Coastal Financial Corporation is a regional bank holding company focused on providing tailored financial solutions to businesses and individuals in Washington state, leveraging a diversified product portfolio and an innovative banking-as-a-service platform to drive growth [1] - The company serves small to medium-sized businesses, professionals, and individual customers in the Puget Sound region, offering a comprehensive suite of banking products including commercial and industrial loans, real estate financing, consumer lending, deposit accounts, cash management, and banking-as-a-service [2] Recent Transactions - Eric M Sprink, CEO of Coastal Financial Corporation, sold 12,402 shares in multiple open-market transactions on January 21 and 22, 2026, representing approximately $1.4 million in value [7] - The sale reduced Sprink's direct holdings by 7.23%, leaving him with 159,126 directly held shares, a significant decline from over 430,000 shares in early 2023 [5] - The scale of the sale is larger than Sprink's historical median sale size of 8,518 shares for direct sales, indicating a higher-than-typical volume but still within the observed range of past transactions [6] Stock Performance - Coastal Financial stock has been a strong performer, returning 24% over the past 12 months, with average annualized returns of 38.7% and 27.8% over the past five and ten years, respectively [8] - The stock is currently down about 8% year-to-date and is trading at 33 times earnings, which some analysts consider a bit expensive [11] Strategic Developments - On January 9, 2026, Coastal Financial acquired the GreenFi brand from Mission Financial Partners, which includes a platform for sustainable investing and ESG compliance, indicating a strategic move towards climate-friendly financial services [9]

分组1 - TriCo (TCBK) reported quarterly earnings of $1.03 per share, exceeding the Zacks Consensus Estimate of $1.01 per share, and up from $0.88 per share a year ago, representing an earnings surprise of +2.23% [1] - The company posted revenues of $109.4 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.86%, compared to $100.36 million in the same quarter last year [2] - TriCo has outperformed the S&P 500 with a 6.8% increase since the beginning of the year, while the S&P 500 gained only 0.4% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.95 on revenues of $105.8 million, and for the current fiscal year, it is $3.95 on revenues of $433.8 million [7] - The Zacks Industry Rank for Banks - West is in the top 33% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - TriCo's estimate revisions trend was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]

Core Insights - Coastal Financial Corporation has seen a significant increase in its stock price, rising 47% over the past year, with shares closing at $117.79 post-transaction [1][6] - The company focuses on traditional community banking and Banking-as-a-Service (BaaS) partnerships, leveraging its presence in the Puget Sound area to drive growth [5] Company Performance - In the third quarter, Coastal Financial reported a net income increase to $13.5 million from $11 million in the previous quarter, with loans receivable rising by $163.5 million and deposits growing by 1.5% [6] - The CEO, Eric Sprink, sold 11,000 shares at a weighted average price of approximately $116.69, totaling $1.28 million, which represents about 5.6% of his direct holdings [4][7] Ownership and Trading Activity - Direct ownership for Sprink decreased from 195,969 to 182,884 shares, while indirect holdings remained unchanged at 2,085 shares [3][6] - The recent sale is moderately above Sprink's median sell size, indicating a higher percentage of direct holdings sold due to a declining ownership base [4][6] Market Context - Coastal Financial's valuation is expected to be influenced by its execution in BaaS and margin discipline rather than routine insider sales [7] - The company has maintained a strategic emphasis on digital integration and BaaS to remain competitive in the evolving financial services landscape [5]

Group 1 - The service focuses on cash flow and companies that generate it, highlighting value and growth prospects in the oil and natural gas sector [1] - Subscribers have access to a model account with over 50 stocks, in-depth cash flow analyses of exploration and production firms, and live chat discussions about the sector [1] Group 2 - A two-week free trial is available for new subscribers, promoting engagement with the oil and gas investment community [2]

Core Insights - Riverwater Partners' "Micro Opportunities Strategy" reported solid absolute returns in Q3 2025 but lagged behind the benchmark due to not keeping pace with the market rally [1] - The strategy continues to focus on quality companies amid a volatile environment [1] Company Highlights - Coastal Financial Corporation (NASDAQ:CCB) is a bank holding company for Coastal Community Bank, with a one-month return of 12.76% and a 52-week gain of 44.49% [2] - As of December 16, 2025, Coastal Financial Corporation's stock closed at $114.93 per share, with a market capitalization of $1.738 billion [2] - Riverwater Partners maintained an overweight position in community banks, expecting benefits from a steepening yield curve and improving net interest margins [3] - Coastal Financial Corporation remained a top holding for Riverwater Partners, although the position was trimmed during the quarter to manage exposure and harvest gains [3] Hedge Fund Interest - Coastal Financial Corporation was held by 15 hedge fund portfolios at the end of Q3 2025, a decrease from 16 in the previous quarter [4] - While Coastal Financial Corporation is recognized for its potential, the company is not among the 30 most popular stocks among hedge funds, with certain AI stocks being viewed as having greater upside potential [4]

Financial Performance - Diluted EPS 为 $088，高于上一季度的 $071[19] - 净收入为 $136 million，比上一季度增长 232%，比去年同期增长 10%[19] - 核心税前拨备前净收入 (PPNR) 为 $191 million，比上一季度增长 246%，比去年同期增长 155%[19] - 总收入增长 211%，达到 $1447 million[12,19] - 核心净收入增长 13%，达到 $529 million[12,19] Balance Sheet - 贷款总额（扣除递延费用）增加 $1635 million，即 46%，达到 $370 billion[12,19] - 存款增加 $590 million，即 15%，达到 $397 billion[12,19] - 有形账面价值增长 28%，达到每股 $3145[19] - 将 $6723 million 的存款转移到表外，用于 FDIC 保险和流动性目的，产生 $311000 的非利息收入[12,19] CCBX (Banking as a Service) - CCBX 贷款销售额为 $162 billion，高于上一季度的 $130 billion[19] - CCBX 贷款总额增长 $1239 million，即 74%[61] - CCBX 存款增长 $148 million，即 06%[61] - BaaS 项目费用收入同比增长 465%[37,52] Capital and Liquidity - 现金和即时借款能力合计 $135 billion[27] - 相当于 2025 年 9 月 30 日存款总额的 340%[27] - 一级杠杆资本为 105%[27] - 普通股一级风险资本为 123%[19,27]

分组1 - WaFd reported quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.75 per share, and showing an increase from $0.70 per share a year ago, resulting in an earnings surprise of -4.00% [1] - The company posted revenues of $188.3 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 1.01%, and showing a slight decrease from year-ago revenues of $188.69 million [2] - Over the last four quarters, WaFd has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] 分组2 - WaFd shares have underperformed the market, losing about 10.4% since the beginning of the year, while the S&P 500 has gained 13.4% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.74 on revenues of $191.63 million, and for the current fiscal year, it is $3.02 on revenues of $768.55 million [7] 分组3 - The Zacks Industry Rank indicates that the Banks - West industry is currently in the bottom 30% of over 250 Zacks industries, which may negatively impact stock performance [8] - Coastal Financial Corporation, another company in the same industry, is expected to report quarterly earnings of $0.89 per share, reflecting a year-over-year change of -8.3%, with revenues expected to be $129 million, down 15.3% from the previous year [9]

Core Viewpoint - First Northwest Bancorp announces the appointment of Curt Queyrouze as the new CEO and President, effective September 17, 2025, aiming to enhance long-term shareholder value and modernize the financial institution [1][2][4]. Company Overview - First Northwest Bancorp is a financial holding company with its subsidiary, First Fed Bank, which has been operational since 1923 and currently has 17 locations in Washington state, including 12 full-service branches [7]. - The company focuses on sustainable earnings through a comprehensive range of financial products and services for individuals, small businesses, non-profits, and commercial customers [7]. - First Northwest has made strategic investments in partnerships aimed at developing modern financial solutions and a boutique investment banking/accelerator firm, reflecting its commitment to innovation and growth in the financial services sector [7]. Leadership Transition - Curt Queyrouze, with over 40 years of experience in financial services, will replace Matthew P. Deines, who left the company in July 2025 [3][5][6]. - Queyrouze's previous roles include President of Coastal Financial Corporation and CEO of TAB Bank, showcasing a diverse background in community and regional banking as well as fintech [5][6]. - The Board of Directors expressed confidence in Queyrouze's leadership capabilities, emphasizing his data-driven decision-making and dedication to community service [4].

Core Viewpoint - Bank of Hawaii (BOH) reported quarterly earnings of $1.06 per share, exceeding the Zacks Consensus Estimate of $1.04 per share, and showing an increase from $0.86 per share a year ago, indicating a positive earnings surprise of +1.92% [1] Financial Performance - The company achieved revenues of $174.48 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.19%, compared to $156.93 million in the same quarter last year [2] - Over the last four quarters, Bank of Hawaii has exceeded consensus EPS estimates three times and has also topped consensus revenue estimates three times [2] Stock Performance and Outlook - Bank of Hawaii shares have declined approximately 7.8% since the beginning of the year, while the S&P 500 has gained 8.6% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] Estimate Revisions and Rankings - Prior to the earnings release, the estimate revisions trend for Bank of Hawaii was unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] - The current consensus EPS estimate for the upcoming quarter is $1.01 on revenues of $170.98 million, and for the current fiscal year, it is $4.31 on revenues of $685.22 million [7] Industry Context - The Banks - West industry, to which Bank of Hawaii belongs, is currently in the top 36% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]