Coastal Carolina Bancshares, Inc. Announces Second Quarter Results
Coastal Carolina Bancshares reported Q2 net income of $2.9 million, or $0.39 per share, an increase from the prior year. Excluding merger expenses, adjusted net income rose 33% to $3.3 million, or $0.44 per share. The balance sheet grew 14% year-over-year to $1.35 billion in total assets, driven by $70 million in quarterly deposit growth. Tangible book value per share increased 14% to $14.09.
Key figures
- Eps
- 0.39
- Assets
- 1351107000
- Eps adj
- 0.44
- Deposits
- 1212353000
- Net income
- 2935412
- Adj net income
- 3348322
- Efficiency ratio
- 64.17%
- Net interest margin
- 3.59%
- Tangible book value
- 14.09
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