CoastalSouth Bancshares, Inc. (COSO)

CoastalSouth Bancshares 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	103.85	103.32	91.34	56.37	41.24	34.51
Interest Income on Investments	20.43	20.33	15.68	10.22	4.76	3.17
Total Interest Income	124.29	123.65	107.02	66.58	46	37.68
Interest Paid on Deposits	53.68	53.44	39.3	7.38	3.57	5.09
Interest Paid on Borrowings	3.91	4.88	3.42	2.24	1.19	0.67
Total Interest Expense	57.59	58.33	42.72	9.62	4.75	5.77
Net Interest Income	66.7	65.32	64.29	56.96	41.25	31.91
Net Interest Income Growth (YoY)	4.01%	1.60%	12.87%	38.10%	29.25%	27.75%
Gain (Loss) on Sale of Investments	-	-3.47	-0.52	-	-0.06	0.95
Other Non-Interest Income	6.05	5.32	7	4.53	6.04	3.67
Total Non-Interest Income	8.39	4.51	8.59	7.19	9.55	6.42
Non-Interest Income Growth (YoY)	106.37%	-47.48%	19.53%	-24.69%	48.62%	-1.17%
Revenues Before Loan Losses	75.09	69.84	72.89	64.15	50.79	38.34
Provision for Loan Losses	1.02	0.55	1.54	5.08	1.33	3.24
Revenue	74.07	69.28	71.35	59.07	49.47	35.1
Revenue Growth (YoY)	11.05%	-2.89%	20.77%	19.42%	40.93%	18.53%
Salaries and Employee Benefits	25.59	24.89	23.48	22.45	21.06	16.44
Occupancy Expenses	1.94	1.9	1.93	1.76	1.66	1.23
Federal Deposit Insurance	1.36	1.29	1.48	1.16	1.01	0.62
Selling, General & Administrative	10.4	10.26	9.96	8.07	8.49	5.53
Other Non-Interest Expense	3.95	3.74	3	1.8	0.98	2.83
Total Non-Interest Expense	43.24	42.07	39.85	35.24	33.57	26.88
EBT Excluding Unusual Items	30.83	27.22	31.5	23.83	15.89	8.22
Other Unusual Items	-	-	-	-	1.65	-
Pretax Income	30.83	27.22	31.5	23.83	15.47	8.22
Income Tax Expense	6.31	5.31	7.02	5.64	3.14	1.85
Earnings From Continuing Operations	24.53	21.9	24.48	18.19	12.32	6.37
Net Income	24.53	21.9	24.48	18.19	12.32	6.37
Net Income to Common	24.53	21.9	24.48	18.19	12.32	6.37
Net Income Growth	21.73%	-10.52%	34.57%	47.62%	93.50%	144.64%
Basic Shares Outstanding	10	10	9	9	8	8
Diluted Shares Outstanding	11	10	10	9	8	8
Shares Change (YoY)	8.13%	10.16%	7.36%	6.37%	4.22%	10.06%
EPS (Basic)	2.39	2.15	2.61	2.09	1.51	0.80
EPS (Diluted)	2.31	2.09	2.58	2.05	1.48	0.80
EPS Growth	11.71%	-18.99%	25.85%	38.51%	85.09%	122.13%
Effective Tax Rate	20.45%	19.52%	22.28%	23.67%	20.33%	22.54%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.