Coastal Financial Corporation returned to profitability with third-quarter net income of $13.8 million, or $0.89 per diluted share, and a common equity Tier 1 ratio of 11.5%. It identified over 20 million in potential annualized savings over the next four to six quarters.
CCB · Coastal Financial Corp · Documents
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Coastal Financial Corporation said Brian Hamilton will become a consultant through May 1, 2027, earning $35,000 monthly up to $245,000, while Eric M. Sprink’s annual base salary falls from $874,000 to $500,000 effective October 28, 2026.
Coastal Financial Corporation reported Third Quarter 2026 net income of $13.8 million and EPS of $0.89; noninterest expense fell $56.3 million to $84.8 million, while BaaS program income rose $2.1 million, or 17.6%, to $14.1 million.
Coastal Financial Corporation reported net income of $13.8 million, or $0.89 per diluted common share, for the quarter ended September 30, 2026, versus a net loss of $(42.1) million, or $(2.76) per diluted common share, in the second quarter.
Bluevine, Inc. agreed to be acquired by Valley National Bancorp, subject to regulatory approvals. Coastal Financial Corporation does not expect a material adverse liquidity or funding impact from approximately $447 million of Bluevine-related deposits at Coastal Community Bank.