Coastal Financial Corporation (CCB) Income Statement Analysis

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Complete financial analysis of Coastal Financial Corporation (CCB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Coastal Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.

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Coastal Financial Corporation (CCB)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.coastalbank.com

About Coastal Financial Corporation

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company offers commercial and industrial loans, including term loans, small business administration loans, commercial lines of credit, working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as overdraft protection. It also provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services, as well as debit cards. In addition, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as banking as a service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their clients banking services. It operates 14 full-service banking locations. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2014	2013
Revenue	330.37M	213.59M	101.81M	65.57M	50.27M	40.28M	33.39M	30.91M	21.77M	17.62M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	330.37M	213.59M	101.81M	65.57M	50.27M	40.28M	33.39M	30.91M	21.77M	17.62M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	74.67M	56.80M	42.77M	24.97M	20.57M	17.35M	14.57M	13.19M	2.03M	1.79M
Selling & Marketing	517.00K	2.46M	451.00K	317.00K	393.00K	373.00K	446.00K	437.00K	976.00K	461.00K
SG&A	75.19M	59.26M	43.22M	25.29M	20.97M	17.72M	15.02M	13.63M	15.19M	12.27M
Other Expenses	276.65M	-106.08M	-110.65M	-71.71M	-54.57M	-43.83M	-35.44M	-34.56M	0.00	0.00
Operating Expenses	351.84M	351.00K	-67.43M	-46.43M	-33.61M	-24.12M	-20.43M	-20.93M	18.30M	14.45M
Cost & Expenses	351.84M	351.00K	-67.43M	-46.43M	-33.61M	-24.12M	-20.43M	-20.93M	18.30M	14.45M
Interest Income	329.98M	191.83M	82.80M	62.80M	48.41M	38.59M	32.11M	28.46M	0.00	0.00
Interest Expense	91.64M	20.40M	3.65M	5.65M	6.58M	3.93M	2.88M	2.52M	0.00	0.00
Depreciation & Amortization	2.33M	1.81M	1.59M	1.36M	1.24M	1.07M	993.00K	895.00K	-4.41M	-3.60M
EBITDA	59.46M	0.00	35.96M	20.50M	17.90M	13.31M	11.08M	8.35M	-933.00K	-430.00K
EBITDA Ratio	18.00%	34.10%	35.32%	31.26%	35.61%	42.79%	41.80%	35.18%	-4.28%	-2.44%
Operating Income	57.13M	71.02M	34.38M	19.14M	16.66M	16.17M	12.96M	9.98M	4.41M	3.60M
Operating Income Ratio	17.29%	33.25%	33.77%	29.19%	33.15%	40.14%	38.82%	32.28%	20.24%	20.45%
Total Other Income/Expenses	0.00	0.00	0.00	0.00	-1.24M	0.00	-2.57M	-2.88M	-3.11M	-2.18M
Income Before Tax	57.13M	50.62M	34.38M	19.14M	16.66M	12.24M	10.09M	7.46M	3.47M	3.17M
Income Before Tax Ratio	17.29%	23.70%	33.77%	29.19%	33.15%	30.39%	30.21%	24.12%	15.95%	18.01%
Income Tax Expense	12.55M	10.00M	7.37M	4.00M	3.46M	2.54M	4.65M	2.45M	1.13M	1.13M
Net Income	44.58M	40.63M	27.01M	15.15M	13.20M	9.70M	5.44M	5.00M	2.35M	2.04M
Net Income Ratio	13.49%	19.02%	26.52%	23.10%	26.26%	24.08%	16.28%	16.18%	10.78%	11.59%
EPS	3.36	3.14	2.25	1.27	1.08	0.93	0.59	0.54	0.25	0.06
EPS Diluted	3.27	3.01	2.16	1.24	1.08	0.91	0.59	0.54	0.25	0.06
Weighted Avg Shares Out	13.26M	12.95M	12.02M	11.92M	11.90M	10.44M	9.23M	9.26M	9.21M	36.45M
Weighted Avg Shares Out (Dil)	13.64M	13.51M	12.52M	12.21M	12.20M	10.61M	11.40M	11.40M	9.21M	36.45M

Coastal Financial Corporation (CCB) Misses Q4 Earnings Estimates

January 30, 2024zacks.com

Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.96 per share a year ago.

Brian Hamilton Joins Coastal Financial Corporation Board of Directors

January 4, 2024globenewswire.com

EVERETT, Wash., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank announced that Brian Hamilton has joined its Board of Directors.

Coastal Financial Corporation (CCB) Q3 Earnings and Revenues Miss Estimates

October 27, 2023zacks.com

Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $0.82 per share a year ago.

Coastal Financial Corporation (CCB) to Report Q3 Results: Wall Street Expects Earnings Growth

October 19, 2023zacks.com

Coastal Financial Corporation (CCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Coastal Financial: A Community Bank With Growth Opportunities

August 21, 2023gurufocus.com

Community banks have had a tough year as the collapse of Silicon Valley Bank, First Republic Bank and Signature Bank sent shockwaves through the domestic banking industry.

Coastal Financial, A Community Bank with Growth Oppor

August 21, 2023gurufocus.com

Community banks have had a tough year as the collapse of Silicon Valley Bank, First Republic Bank, and Signature Bank sent shockwaves through the domestic banking industry. One standout that has weathered the storm is Coastal Financial Corp ( CCB...

10 regional banks expected to buck a weak industry trend

August 8, 2023marketwatch.com

Bank stocks took a pounding on Tuesday, after Moody's downgraded its credit ratings for several smaller regional banks and put six larger players on review for possible downgrades. Below is a screen of bank stocks to highlight 10 that are...

Coastal Community Bank Adds to Executive Leadership

August 1, 2023globenewswire.com

EVERETT, Wash., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB), the bank holding company for Coastal Community Bank, announced that Brian Ferrell has joined the Bank as Executive Vice President, Head of Financial Crimes Compliance, and Bill...

Coastal Financial Corporation (CCB) Lags Q2 Earnings and Revenue Estimates

July 27, 2023zacks.com

Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.95 per share, missing the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $0.76 per share a year ago.