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CCB · Coastal Financial Corp · Financials

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$44.45 +1.51 (+3.52%) At close · Nov 4 Play latest call Q3 2026 earnings call transcript
Market Cap
$679.48M
Shares
15.29M
Volume · Nov 4 271.15K Avg daily vol (3M) 234.41K

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$541.67M -6.8%
FY2025 Revenue FY2017–FY2025
Net Income
$46.99M +3.9%
FY2025 Net Income FY2017–FY2025
Diluted EPS
$3.06 -6.1%
FY2025 Diluted EPS FY2017–FY2025
Operating Cash Flow
$254.58M -2%
FY2025 Operating Cash Flow FY2017–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017
$610.21M $541.67M $581.23M $435.7M $294.72M $107.56M $65.57M $50.27M $40.28M $33.39M
$447.15M $429.62M $396.78M $323.22M $192.17M $83.08M $63.04M $48.59M $38.74M $32.11M
$329.99M $310.07M $273.03M $231.58M $171.78M $79.44M $57.39M $42.01M $34.82M $29.24M
$280.22M $231.61M $308.21M $204.12M $122.94M $28.12M $8.18M $8.26M $5.47M $4.15M
— — — — $157K $127K $122K $58K $81K $222K
$11.37M $6.52M $4.55M $2.33M $1.81M $1.59M $1.36M $1.24M $1.07M $993K
$117.16M $119.55M $123.75M $91.64M $20.4M $3.65M $5.65M $6.58M $3.93M $2.88M
$2.49M $2.53M $3.06M $3.2M $1.75M $79K $230K $635K $618K $534K
-$5.52M $61.25M $57.32M $57.13M $50.62M $34.38M $19.14M $16.66M $12.24M $10.09M
-$1.67M $14.25M $12.1M $12.55M $10M $7.37M $4M $3.46M $2.54M $4.65M
-$3.85M $46.99M $45.22M $44.58M $40.63M $27.01M $15.15M $13.2M $9.7M $5.44M
— 8.68% 7.78% 10.23% 13.78% 25.11% 23.1% 26.26% 24.08% 16.28%
-$3.85M $46.99M $45.69M $46.44M $38.29M $26.98M $15.21M $14.47M $9.54M $5.51M
USD/shares -$0.23 $3.12 $3.35 $3.36 $3.14 $2.25 $1.27 $1.11 $0.93 $0.59
USD/shares -$0.26 $3.06 $3.26 $3.27 $3.01 $2.16 $1.24 $1.08 $0.91 $0.59
shares — 15.05M 13.51M 13.26M 12.95M 12.02M 11.92M 11.9M 10.44M 9.23M
shares — 15.35M 13.88M 13.64M 13.51M 12.52M 12.21M 12.2M 10.61M 9.24M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Read debt and covenant terms in your AI or your code through MCP and the API →

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Finance lease liabilities 2026-06-30 USD 9,000 10-Q filed 2026-08-07
Operating lease liabilities 2026-06-30 USD 4,513,000 10-Q filed 2026-08-07
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Noncurrent operating lease liabilities
USD 4,522,000
Other borrowings 2026-06-30 USD 48,112,000 10-Q filed 2026-08-07
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Some sections could not be verified in 1 agreement document. Other restrictions or tests may apply.

Verified tests, triggers and restrictions appear with each agreement below. A verified term does not establish current compliance.

Loans, facilities and notes

7.00% Fixed-to-Floating Rate Subordinated Notes due November 1, 2032

Note · Coastal Financial Corporation

Reference: 7.00% Fixed-to-Floating Rate Subordinated Notes due November 1, 2032

Active
Outstanding
—
Commitment
—
Availability
—
Maturity
Nov 1, 2032

Last reported interest terms: 7% Reported 2022-11-01 Later filings may not restate these terms; this does not confirm they still apply.

Verified covenant terms

  • 4(a) · shall not be redeemable (a) Redemption Prior to Fifth Anniversary. This Subordinated Note shall not be redeemable by the Company in whole or in part prior to the fifth anniversary of the Issue Date, except in the event of: (i) a Tier 2 Capital Event (as defined below); (ii) a Tax Event (as defined below); or (iii) an Investment Company Event (as defined below). 4. Redemption.
    Full wording and supporting evidence
    Source evidence: (a) Redemption Prior to Fifth Anniversary. This Subordinated Note shall not be redeemable by the Company in whole or in part prior to the fifth anniversary of the Issue Date, except in the event of: (i) a Tier 2 Capital Event (as defined below); (ii) a Tax Event (as defined below); or (iii) an Investment Company Event (as defined below). Upon the occurrence of a Tier 2 Capital Event, a Tax Event or an Investment Company Event, subject to Section 4(f) below, the Company may redeem this Subordinated Note in whole, but not in part, at any time, upon giving not less than ten (10) calendar days’ notice to the Noteholders at an amount equal to 100% of the outstanding principal amount being redeemed plus accrued and unpaid interest, to but excluding the redemption date. “Tier 2 Capital Event” means the receipt by the Company of an opinion of counsel to the Company to the effect that there is a material risk that the Subordinated Note no longer qualifies to be eligible for treatment as “Tier 2” Capital (as defined by the Federal Reserve) (or its then equivalent) as a result of a change in law or regulation, or interpretation or application of law or regulation by any judicial, legislative or regulatory authority that becomes effective after the Issue Date. “Tax Event” means the receipt by the Company of an opinion of counsel to the Company that as a result of any amendment to, or change (including any final and adopted (or enacted) prospective change) in, the laws (or any regulations thereunder) of the United States or any political subdivision or taxing authority thereof or therein, or as a result of any official administrative pronouncement or judicial decision interpreting or applying such laws or regulations, there is a material risk that interest payable by the Company on the Subordinated Notes is not, or within 120 days after the receipt of such opinion will not be, deductible by the Company, in whole or in part, for United States federal income tax purposes. “Investment Company Event” means the receipt by the Company of an opinion of counsel to the Company to the effect that there is a material risk that the Company is or, within 120 days after the receipt of such opinion will be, required to register as an investment company pursuant to the Investment Company Act of 1940, as amended.
    Target identity evidence: 1. Subordinated Notes. This Subordinated Note is one of an issue of notes of Coastal Financial Corporation, a Washington corporation (the “Company”) designated as the “7.00% Fixed-to-Floating Rate Subordinated Notes due November 1, 2032” (the “Subordinated Notes”) issued pursuant to that Subordinated Note Purchase Agreement, dated as of November 1, 2022, by and between the Company and the purchaser of the Subordinated Notes identified on the signature pages thereto (the “Purchase Agreement”).
Documents and filing history
  1. Issuance · 2022-11-01 Exact source document Parent 8-K filing · 2022-11-01
    1. Subordinated Notes. This Subordinated Note is one of an issue of notes of Coastal Financial Corporation, a Washington corporation (the “Company”) designated as the “7.00% Fixed-to-Floating Rate Subordinated Notes due November 1, 2032” (the “Subordinated Notes”) issued pursuant to that Subordinated Note Purchase Agreement, dated as of November 1, 2022, by and between the Company and the purchaser of the Subordinated Notes identified on the signature pages thereto (the “Purchase Agreement”).
    Issuer evidence: 1. Subordinated Notes. This Subordinated Note is one of an issue of notes of Coastal Financial Corporation, a Washington corporation (the “Company”) designated as the “7.00% Fixed-to-Floating Rate Subordinated Notes due November 1, 2032” (the “Subordinated Notes”) issued pursuant to that Subordinated Note Purchase Agreement, dated as of November 1, 2022, by and between the Company and the purchaser of the Subordinated Notes identified on the signature pages thereto (the “Purchase Agreement”).
    Supporting evidence: 1. Subordinated Notes. This Subordinated Note is one of an issue of notes of Coastal Financial Corporation, a Washington corporation (the “Company”) designated as the “7.00% Fixed-to-Floating Rate Subordinated Notes due November 1, 2032” (the “Subordinated Notes”) issued pursuant to that Subordinated Note Purchase Agreement, dated as of November 1, 2022, by and between the Company and the purchaser of the Subordinated Notes identified on the signature pages thereto (the “Purchase Agreement”).
    Supporting evidence: 1. Subordinated Notes. This Subordinated Note is one of an issue of notes of Coastal Financial Corporation, a Washington corporation (the “Company”) designated as the “7.00% Fixed-to-Floating Rate Subordinated Notes due November 1, 2032” (the “Subordinated Notes”) issued pursuant to that Subordinated Note Purchase Agreement, dated as of November 1, 2022, by and between the Company and the purchaser of the Subordinated Notes identified on the signature pages thereto (the “Purchase Agreement”).

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
—
Peer median 3.73×
EV/EBIT
—
P/E (TTM)
—
Peer median 12.56×
Price/Sales (TTM)
1.11×
Peer median 3.61×
Price/Book
1.47×
Peer median 1.27×

Peer medians compare against the 274 similar-size Banks - Regional companies (of 323 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020
Indemnifications $195,667,000 $282,673,000 $184,929,000 $105,945,000 $10,591,000 —
BaaS Program Fees $29,491,000 $20,075,000 $13,240,000 $11,193,000 $6,716,000 —
CCBX Segment — — — — — $1,814,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
BaaS Indemnification Income $195,667,000 $282,673,000 $184,929,000 $105,945,000 $10,591,000 — —
Total Noninterest Income Subject to Topic 606 $34,335,000 $24,673,000 $18,100,000 $16,410,000 $13,853,000 — —
BaaS Program Income $29,491,000 $20,075,000 $13,240,000 $11,193,000 $6,716,000 — —
Interchange Income $1,808,000 $2,002,000 $2,176,000 $2,055,000 $1,959,000 $1,501,000 $1,354,000
Financial Service Other $1,286,000 $692,000 $323,000 $603,000 $1,313,000 $201,000 $223,000
Deposit Account Other $1,048,000 $1,051,000 $967,000 $931,000 $855,000 $778,000 $780,000
Merchant Service Fees $495,000 $487,000 $498,000 $508,000 $568,000 $478,000 $494,000
Deposit Account Overdraft Fees $207,000 $198,000 $213,000 $310,000 $316,000 $334,000 $479,000
Loan Referral Fees $0 $168,000 $683,000 $810,000 $2,126,000 $1,726,000 $1,438,000
Baa S Fees — — — — $17,307,000 $2,365,000 $2,060,000
Deposit Account — — — — $3,698,000 $3,091,000 $3,107,000
Financial Service — — — — $2,126,000 $1,726,000 $1,438,000
Mortgage Banking — — — $257,000 $920,000 $655,000 $447,000
Key facts CIK 1437958 CUSIP 19046P209 13F (30d) 38 filings 38 filers Visit website Investor relations