CCB Investor Notice: Johnson Fistel Investigates Coastal Financial Corporation Following $68.8 Million Credit Expense
Johnson Fistel, PLLP announced it is investigating Coastal Financial Corporation (NASDAQ: CCB) on behalf of investors who suffered losses, soliciting potential claimants under federal securities laws. The firm cites Coastal's July 30, 2026 disclosure of a $42.1 million quarterly net loss driven by $68.8 million in credit expenses tied to a single banking-as-a-service partner, including a $22.8 million provision and a $46.0 million valuation adjustment; shares fell approximately 43.5% after the disclosure.
Key figures
- Net loss
- 42100000
- Credit expense
- 68800000
- Share price decline
- -43.5%
- Loss disclosure date
- 2026-07-30
- Provision for credit losses
- 22800000
- Credit enhancement valuation adjustment
- 46000000
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