Coastal Financial Corporation (CCB)

Coastal Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	384.28	372.02	304.29	183.35	82.11	61.91
Interest Income on Investments	25.67	24.76	18.93	8.82	0.97	1.13
Total Interest Income	409.94	396.78	323.22	192.17	83.08	63.04
Interest Paid on Deposits	120.25	120.93	89	19	2.33	4.29
Interest Paid on Borrowings	2.81	2.82	2.64	1.39	1.32	1.36
Total Interest Expense	123.06	123.75	91.64	20.4	3.65	5.65
Net Interest Income	286.88	273.03	231.58	171.78	79.44	57.39
Net Interest Income Growth (YoY)	17.01%	17.90%	34.81%	116.24%	38.43%	36.60%
Gain (Loss) on Sale of Assets	-	-	-	-	1.26	-
Gain (Loss) on Sale of Investments	0.03	0.03	0.28	-0.15	1.47	-0.4
Other Non-Interest Income	281.79	304.44	199.74	119.29	21.29	5.41
Total Non-Interest Income	285.51	308.21	204.12	122.94	28.12	8.18
Non-Interest Income Growth (YoY)	16.62%	50.99%	66.03%	337.24%	243.66%	-0.22%
Revenues Before Loan Losses	572.39	581.23	435.7	294.72	107.56	65.57
Provision for Loan Losses	250.23	277.61	183.99	79.06	9.92	8.31
Revenue	322.16	303.63	251.71	215.65	97.64	57.26
Revenue Growth (YoY)	20.87%	20.63%	16.72%	120.87%	70.52%	20.13%
Salaries and Employee Benefits	68.79	65.24	62.77	49.71	35.82	22.58
Occupancy Expenses	2.55	2.55	2.86	2.75	2.7	2.48
Federal Deposit Insurance	2.94	2.86	2.52	2.86	1.63	0.52
Amortization of Goodwill & Intangibles	-	-	-	-	-	1.32
Selling, General & Administrative	43.56	39.64	32.3	20	13.13	7.45
Other Non-Interest Expense	142.68	134.73	92.14	87.52	9.99	3.77
Total Non-Interest Expense	260.64	245.16	192.6	162.83	63.26	38.12
EBT Excluding Unusual Items	61.53	58.47	59.11	52.83	34.38	19.14
Pretax Income	61.53	58.47	59.11	52.83	34.38	19.14
Income Tax Expense	13.38	13.25	14.53	12.2	7.37	4
Net Income	48.15	45.22	44.58	40.63	27.01	15.15
Net Income to Common	48.15	45.22	44.58	40.63	27.01	15.15
Net Income Growth	23.50%	1.44%	9.73%	50.43%	78.30%	14.73%
Basic Shares Outstanding	14	14	13	13	12	12
Diluted Shares Outstanding	14	14	14	14	13	12
Shares Change (YoY)	4.88%	1.74%	0.93%	7.94%	2.56%	0.11%
EPS (Basic)	3.46	3.35	3.36	3.14	2.25	1.27
EPS (Diluted)	3.36	3.26	3.27	3.01	2.16	1.24
EPS Growth	17.53%	-0.31%	8.64%	39.35%	74.19%	14.82%
Effective Tax Rate	21.74%	22.66%	24.58%	23.09%	21.45%	20.87%

Updated Apr 29, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q