Coastal Financial Corporation (CCB)
NASDAQ: CCB · Real-Time Price · USD
45.14
+2.42 (5.66%)
Nov 9, 2026, 2:38 PM EST - Market open
Coastal Financial Earnings Call Transcripts
Fiscal Year 2026
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Q3 returned to profitability, with net income of $13.8 million and BaaS fees up 79.6% YoY. Capital strengthened, while management targeted over $20 million in annualized expense savings across four to six quarters.
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Q2 2026 saw a $42.1M net loss due to a $68.8M charge tied to a single CCBX partner, but underlying business showed record net interest income, loan growth, and BaaS fee income. Capital and liquidity remain strong, with a renewed focus on profitability and expense control.