Coastal Financial Corporation Announces Second Quarter 2026 Results
Coastal Financial reported a net loss of $42.1 million for Q2 2026, or $(2.76) per share, driven by a $68.8 million credit expense linked to a single CCBX partner relationship. The company recorded a $22.8 million provision for credit losses and a $46.0 million valuation adjustment for this partner, noting the issue is isolated and does not reflect on the broader partner portfolio.
Key figures
- Revenue
- 118554000
- Revenue Yoy
- 10.10%
- Total assets
- 5456152000
- Net interest income
- 89367000
- Net interest margin
- 7.27%
- Book value per share
- 30.33
- Tier 1 leverage ratio
- 9.11%
- Total shareholders equity
- 463447000
- Common equity tier 1 ratio
- 10.86%
- Provision for credit losses
- 92157000
- Tangible book value per share
- 30.05
- Total risk based capital ratio
- 13.30%
- Nonperforming assets to total assets
- 1.38%
- Allowance for credit losses to total loans receivable
- 5.08%
AI analysis
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