Welcome to our dedicated page for Coastal Financial news (Ticker: CCB), a resource for investors and traders seeking the latest updates and insights on Coastal Financial stock.
Coastal Financial Corporation reports developments for Coastal Community Bank, including community banking activity, deposit and loan trends, and the CCBX banking-as-a-service segment. Recurring updates cover quarterly operating results, program fee income, partner onboarding, product expansion with broker-dealers and digital financial service partners, and technology investments supporting embedded finance offerings.
Company news also includes completed brand and corporate actions, such as Coastal's acquisition of the GreenFi brand of climate-friendly consumer financial services products. Leadership appointments and risk-management, credit, product, commercial, and information-security roles are recurring governance and operating themes tied to the bank holding company's community banking and digital banking strategy.
Coastal Financial (Nasdaq: CCB) reported a second quarter 2026 net loss of $42.1 million, or $(2.76) per diluted share, versus net income of $12.0 million in Q1 2026 and $11.0 million a year earlier. The loss was driven primarily by $68.8 million of credit expense tied to a single CCBX Banking-as-a-Service partner, including a $22.8 million provision for credit losses and a $46.0 million valuation adjustment to a credit enhancement asset.
Net interest income reached a record $89.4 million, while total BaaS program fee income rose to $12.0 million, up 10.3% from Q1 2026. Loans receivable increased 9.0% quarter over quarter to $4.21 billion, and off-balance sheet credit cards with fee potential grew to 881,659, up 32.18% from March 31, 2026. Noninterest income increased to $88.7 million, but noninterest expense rose sharply to $141.1 million, including $4.4 million of capitalized software amortization tied to technology modernization.
The company remained well capitalized at June 30, 2026, with a common equity Tier 1 ratio of 10.86% and a Tier 1 leverage ratio of 9.11%, though capital ratios declined by about one percentage point due to the charges. Cash and cash equivalents totaled $1.01 billion, with an additional $1.12 billion of contingent borrowing capacity and no outstanding borrowings. Book value per share was $30.33. Return on average assets declined to (3.32)% and return on average equity to (33.10)%.
Coastal also appointed Christopher D. Adams, Chairman since 2019, as Executive Chairman to focus more on long-term strategy and leadership development alongside CEO Eric Sprink.
Coastal Financial Corporation (Nasdaq: CCB) will release its second quarter 2026 financial results pre-market on Thursday, July 30, 2026. Management will host a conference call at 8:00 a.m. ET (5:00 a.m. PT), with a live webcast and replay available on the company’s investor relations website.
Coastal Financial Corporation (Nasdaq: CCB) announced a CFO transition effective August 15, 2026. Brandon Soto will step down as Executive Vice President and Chief Financial Officer to become CEO of a banking subsidiary of a privately held financial technology company. Former longtime CFO Joel Edwards, who served from 2012 until retiring in 2025 and currently advises the company, has been appointed Interim Chief Financial Officer starting the same date. Coastal Financial will begin a search for a permanent CFO, considering internal and external candidates. Soto will remain with the company through the filing and certification of its Q2 2026 Form 10-Q to support an orderly transition.
Pliant, a fintech focused on B2B payment solutions, announced its official U.S. launch through a strategic partnership with Coastal. Coastal will act as Pliant’s U.S. sponsor bank, providing compliant market entry and a framework for long-term scalability in the American commercial card market.
According to Pliant, the collaboration enables support for agent-based issuing structures and broader participation in the U.S. banking-as-a-service ecosystem, with both companies emphasizing regulatory alignment, disciplined infrastructure, and compliance as foundations for Pliant’s U.S. expansion.
Coastal Financial (Nasdaq: CCB) reported Q1 2026 net income of $12.0 million ($0.78 diluted), total assets of $5.66 billion (+19.5% QoQ), and total deposits of $5.04 billion (+21.6% QoQ). BaaS fee income was $10.9 million, up 22.3% quarter-over-quarter. Loans receivable were $3.86 billion and provision for credit losses was $51.4 million. Management highlighted continued CCBX partner onboarding and disciplined growth execution while noting margin and expense pressures as partnerships evolve.
Coastal Financial (Nasdaq: CCB) reported Q4 2025 net income of $12.6M ($0.82 diluted) and full‑year 2025 net income of $47.0M ($3.06 diluted).
Key trends: CCBX fee income was $8.4M (Q4), deposits grew $171.6M (4.3%), loans receivable rose to $3.75B, and the company acquired the GreenFi brand.
Coastal Financial Corporation (Nasdaq: CCB) acquired the GreenFi brand of climate-friendly consumer financial services from Mission Financial Partners on Jan 9, 2026. Coastal will own the brand and assume governance, oversight, and long-term stewardship while Mission Financial Partners will continue to operate and market the GreenFi program on its existing technology platform and offer sustainable investment access via its Redwood Fund mutual funds. Coastal remains GreenFi's banking partner and says customers will see no changes to accounts, digital access, or support. The companies described the deal as preserving operational continuity and creating optionality for future integration or expanded product offerings. The transaction terms were not disclosed.
Coastal Financial (Nasdaq: CCB) reported third quarter 2025 results: net income $13.6M or $0.88 diluted EPS. Loans receivable rose by $163.5M (4.6%) and total deposits increased by $59.0M (1.5%) versus Q2 2025. CCBX BaaS fee income was $7.6M, up 11.3% quarter-over-quarter excluding nonrecurring revenue. Noninterest expense declined $2.7M (3.7%) QoQ. The company sold $1.62B of loans in Q3 and reported 396,812 off-balance-sheet credit cards with fee potential, up 82,985 QoQ.
Credit-related items included a $56.6M provision for credit losses in Q3 and net charge-off rate annualized at 5.37%. Capital and liquidity remained solid: total deposits $3.97B, total shareholders’ equity $475.3M, and ROA of 1.19% for the quarter.
Coastal Financial Corporation (Nasdaq: CCB) has appointed Brandon Soto as its new Chief Financial Officer, effective October 1st, 2025. Soto joins from Square Financial Services, where he served as CFO and was instrumental in securing the bank's charter and managing financial operations.
With over 20 years of experience in financial institutions and fintech, Soto brings extensive expertise from roles at Square Financial Services, Green Dot Bank, Sallie Mae Bank, and other major institutions. He holds an MBA with a Graduate Certificate in Accounting, is a licensed CPA, and is a graduate of the McKinsey Hispanic & Latino Executive Leadership Program.
The appointment comes as Coastal Financial, with $4.48 billion in assets, continues to expand its traditional banking and Banking-as-a-Service (CCBX) operations.
Coastal Financial Corporation (Nasdaq: CCB) has strengthened its executive leadership team with four strategic appointments to support growth in digital banking and community initiatives. The new executives include Ryan Hall as Chief Product Officer (former SoFi Bank executive), Michael Costigan as Chief Commercial Officer (from OnePay), Freddy Rivas as Chief Credit Officer (former Santander executive), and Chris Morgan as Chief Information Security Officer (from Even Responsible Finance).
The appointments bring significant expertise in product development, business growth, risk management, and cybersecurity. Notable achievements of the new executives include Hall's leadership in banking product development at SoFi, Costigan's role in OnePay's $40 million Series B raise, Rivas's extensive credit leadership experience, and Morgan's success in scaling security operations.