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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	392.2	372.02	304.29	183.35	82.11	61.91
Interest Income on Investments	28.05	24.76	18.93	8.82	0.97	1.13
Total Interest Income	420.25	396.78	323.22	192.17	83.08	63.04
Interest Paid on Deposits	120.07	120.93	89	19	2.33	4.29
Interest Paid on Borrowings	2.8	2.82	2.64	1.39	1.32	1.36
Total Interest Expense	122.87	123.75	91.64	20.4	3.65	5.65
Net Interest Income	297.38	273.03	231.58	171.78	79.44	57.39
Net Interest Income Growth (YoY)	22.29%	17.90%	34.81%	116.24%	38.43%	36.60%
Gain (Loss) on Sale of Assets	-	-	-	-	1.26	-
Gain (Loss) on Sale of Investments	-0.42	0.03	0.28	-0.15	1.47	-0.4
Other Non-Interest Income	255.04	304.44	199.74	119.29	21.29	5.41
Total Non-Interest Income	258.28	308.21	204.12	122.94	28.12	8.18
Non-Interest Income Growth (YoY)	2.37%	50.99%	66.03%	337.24%	243.66%	-0.22%
Revenues Before Loan Losses	555.67	581.23	435.7	294.72	107.56	65.57
Provision for Loan Losses	220.12	277.61	183.99	79.06	9.92	8.31
Revenue	335.55	303.63	251.71	215.65	97.64	57.26
Revenue Growth (YoY)	28.09%	20.63%	16.72%	120.87%	70.52%	20.13%
Salaries and Employee Benefits	72.92	65.24	62.77	49.71	35.82	22.58
Occupancy Expenses	0.73	2.55	2.86	2.75	2.7	2.48
Federal Deposit Insurance	3.04	2.86	2.52	2.86	1.63	0.52
Amortization of Goodwill & Intangibles	-	-	-	-	-	1.32
Selling, General & Administrative	49.22	39.64	32.3	20	13.13	7.45
Other Non-Interest Expense	148.63	134.73	92.14	87.52	9.99	3.77
Total Non-Interest Expense	274.66	245.16	192.6	162.83	63.26	38.12
EBT Excluding Unusual Items	60.89	58.47	59.11	52.83	34.38	19.14
Pretax Income	60.89	58.47	59.11	52.83	34.38	19.14
Income Tax Expense	13.31	13.25	14.53	12.2	7.37	4
Net Income	47.58	45.22	44.58	40.63	27.01	15.15
Net Income to Common	47.58	45.22	44.58	40.63	27.01	15.15
Net Income Growth	26.28%	1.44%	9.73%	50.43%	78.30%	14.73%
Basic Shares Outstanding	14	14	13	13	12	12
Diluted Shares Outstanding	15	14	14	14	13	12
Shares Change (YoY)	7.74%	1.74%	0.93%	7.94%	2.56%	0.11%
EPS (Basic)	3.32	3.35	3.36	3.14	2.25	1.27
EPS (Diluted)	3.22	3.26	3.27	3.01	2.16	1.24
EPS Growth	17.19%	-0.31%	8.64%	39.35%	74.19%	14.82%
Effective Tax Rate	21.86%	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