Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
19 July 2018Website:
http://www.coastalbank.comNext earnings report:
30 January 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Tue, 19 Nov 2024 21:20:00 GMTDividend
Analysts recommendations
Institutional Ownership
CCB Latest News
Based on Washington's economy, I'm expecting Coastal Financial's provision expense for loan losses to remain elevated. Credit demand will most probably remain stable, which will drive both non-interest income and net interest income. The net interest income will also receive support from rate cuts because CCB's books are liability-sensitive, meaning funding costs will fall more than asset yields.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Coastal Financial (CCB) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.75 per share a year ago.
EVERETT, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”, "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the “Bank”), through which it operates a community-focused bank with an industry leading banking as a service ("BaaS") segment, today reported unaudited financial results for the quarter ended September 30, 2024, including net income of $13.5 million, or $0.97 per diluted common share, compared to $11.6 million, or $0.84 per diluted common share, for the three months ended June 30, 2024.
Here is how Coastal Financial Corporation (CCB) and Gladstone Commercial (GOOD) have performed compared to their sector so far this year.
Coastal Financial, Esquire Financial Holdings, and Mercantile Bank from the Banks &Thrifts industry showcase solid earnings growth.
EVERETT, Wash., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), and its subsidiary, Coastal Community Bank (the “Bank”), announced that its role of President of the Bank is to be bifurcated to accommodate the Bank's growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company's Board of Directors. In connection with the reorganization of the role of the President, the Bank also announced that Curt Queyrouze, the President of the Company and the Bank, will serve as President of the community bank division and will be responsible for leading the community bank and corporate credit.
Coastal Financial (CCB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.95 per share a year ago.
- 1(current)
What type of business is Coastal Financial?
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and 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 also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction, land, 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 personal lines of credit, including overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards. Further, 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 customers banking services. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.
What sector is Coastal Financial in?
Coastal Financial is in the Financial Services sector
What industry is Coastal Financial in?
Coastal Financial is in the Banks - Regional industry
What country is Coastal Financial from?
Coastal Financial is headquartered in United States
When did Coastal Financial go public?
Coastal Financial initial public offering (IPO) was on 19 July 2018
What is Coastal Financial website?
https://www.coastalbank.com
Is Coastal Financial in the S&P 500?
No, Coastal Financial is not included in the S&P 500 index
Is Coastal Financial in the NASDAQ 100?
No, Coastal Financial is not included in the NASDAQ 100 index
Is Coastal Financial in the Dow Jones?
No, Coastal Financial is not included in the Dow Jones index
When was Coastal Financial the previous earnings report?
No data
When does Coastal Financial earnings report?
The next expected earnings date for Coastal Financial is 30 January 2025