Coastal Financial Corporation (CCB)

Coastal Financial Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	356.31	311.44	183.35	82.11	61.91	45.35
Interest Income on Investments	24.97	18.93	8.82	0.97	1.13	3.24
Total Interest Income	381.28	330.37	192.17	83.08	63.04	48.59
Interest Paid on Deposits	119.44	89	19	2.33	4.29	5.8
Interest Paid on Borrowings	2.82	2.64	1.39	1.32	1.36	0.77
Total Interest Expense	122.26	91.64	20.4	3.65	5.65	6.58
Net Interest Income	259.02	238.73	171.78	79.44	57.39	42.01
Net Interest Income Growth (YoY)	11.40%	38.98%	116.24%	38.43%	36.60%	20.66%
Gain (Loss) on Sale of Assets	-	-	-	1.26	-	-
Gain (Loss) on Sale of Investments	0.11	0.28	-0.15	1.47	-0.4	0.17
Other Non-Interest Income	297.77	202.79	121.03	21.29	5.41	4.43
Total Non-Interest Income	301.64	207.18	124.68	28.12	8.18	8.2
Non-Interest Income Growth (YoY)	62.79%	66.16%	343.43%	243.66%	-0.22%	52.25%
Revenues Before Loan Losses	560.65	445.9	296.46	107.56	65.57	50.21
Provision for Loan Losses	276.53	183.99	79.06	9.92	8.31	2.54
Revenue	284.12	261.91	217.4	97.64	57.26	47.67
Revenue Growth (YoY)	8.86%	20.48%	122.65%	70.52%	20.13%	24.21%
Salaries and Employee Benefits	65.5	62.8	49.69	35.82	22.58	18.53
Occupancy Expenses	5.27	3.62	3.07	2.7	2.48	2.38
Federal Deposit Insurance	2.78	2.52	2.86	1.63	0.52	0.18
Amortization of Goodwill & Intangibles	-	-	-	-	1.32	-
Selling, General & Administrative	35.55	34.57	21.43	13.13	7.45	6.78
Other Non-Interest Expense	123.05	101.27	89.72	9.99	3.77	3.14
Total Non-Interest Expense	232.15	204.78	166.77	63.26	38.12	31.01
EBT Excluding Unusual Items	51.98	57.13	50.62	34.38	19.14	16.66
Pretax Income	51.98	57.13	50.62	34.38	19.14	16.66
Income Tax Expense	11.11	12.55	10	7.37	4	3.46
Net Income	40.86	44.58	40.63	27.01	15.15	13.2
Net Income to Common	40.86	44.58	40.63	27.01	15.15	13.2
Net Income Growth	-16.06%	9.73%	50.44%	78.30%	14.73%	36.08%
Basic Shares Outstanding	13	13	13	12	12	12
Diluted Shares Outstanding	14	14	14	13	12	12
Shares Change (YoY)	0.78%	0.93%	7.93%	2.56%	0.11%	14.96%
EPS (Basic)	3.06	3.36	3.14	2.25	1.27	1.11
EPS (Diluted)	2.97	3.27	3.01	2.16	1.24	1.08
EPS Growth	-16.90%	8.64%	39.35%	74.19%	14.81%	18.68%
Effective Tax Rate	21.38%	21.97%	19.75%	21.44%	20.87%	20.77%

Source: S&P Capital IQ. Banks template. Financial Sources.