CoastalSouth Bancshares, Inc. (COSO) Form 8-K — Jul 20, 2026
CoastalSouth Bancshares reported net income of $7.3 million, or $0.59 per diluted share, for the second quarter of 2026, an increase from $6.0 million, or $0.57 per diluted share, in the prior-year period. The company also reported net income of $13.7 million, or $1.10 per diluted share, for the six months ended June 30, 2026. Operational performance was driven by outstanding loan production of $181.6 million, which led to $78.1 million in loan growth and a 7 basis point expansion in net interest margin to 3.66%. Net interest income totaled $20.7 million for the quarter, up 4.7% from the prior quarter.
Key figures
- Eps
- 0.59
- Net Income
- 7.3 million
- Loan Production
- $181.6 million
- Dividend Per Share
- $0.05
- Book Value Per Share
- $22.47
- Net Interest Income
- $20.7 million
- Net Interest Margin
- 3.66%
- Shares Repurchased
- 48491
- Tangible Book Value Per Share
- $22.06
Price after filing
Close on the filing date to close N calendar days later (from $27.37). Historical, not a forecast.
AI analysis
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