Welcome to our dedicated page for Coastal Carolina news (Ticker: CCNB), a resource for investors and traders seeking the latest updates and insights on Coastal Carolina stock.
Coastal Carolina Bancshares, Inc. (CCNB) delivers relationship-driven community banking services across South Carolina's Grand Strand region. This news hub provides investors and stakeholders with timely updates on financial performance, strategic developments, and community initiatives central to CCNB's operations.
Access curated press releases and announcements covering earnings reports, leadership updates, branch expansions, and regulatory filings. Discover insights into CCNB's localized lending programs, deposit growth strategies, and partnerships supporting regional economic development.
Key updates include quarterly results analysis, new financial product launches, and recognitions for credit quality excellence. Content emphasizes CCNB's commitment to maintaining strong capital ratios while addressing unique banking needs through personalized service model.
Bookmark this page for streamlined tracking of CCNB's market position, risk management practices, and contributions to community financial wellness in its core operating areas.
Coastal Carolina Bancshares reported a 22% year-over-year increase in net income for Q3 2022, amounting to $2.01 million or $0.32 per share. Year-to-date net income reached $4.87 million, a 6% growth from the previous year. Total loans grew by 29% to $596 million, while total deposits increased by 5% to $721 million. The bank maintained strong credit quality with a non-performing assets ratio of just 0.05%. Key ratios include a return on average assets of 1.00% and a net interest margin of 3.91%. Despite rising interest rates impacting investment valuations, the bank's core operations remain robust.
Coastal Carolina Bancshares reported second-quarter 2022 financial results with a net income of $1,493,066 or $0.24 per share, a 9% increase from the previous quarter. Year-to-date, net income stands at $2,859,227 or $0.46 per share, a slight decline from $2,920,796 in 2021. Key highlights include a 15% increase in net interest income to $6.1 million and total loans rising 19% year-to-date to $552 million. The company maintains strong credit quality with a non-performing assets ratio of 0.05% and a robust loan pipeline indicated by significant economic activity.
Coastal Carolina Bancshares, Inc. (OTCQX:CCNB) reported first-quarter 2022 net income of $1,366,161, down slightly from $1,387,569 in Q1 2021, resulting in earnings per share of $0.22.
Total loans increased 8% quarter-over-quarter, totaling $483 million, while total assets rose 5% to $795 million. Total deposits grew by 4% to $713 million. Key credit quality metrics remained strong, with a non-performing assets ratio of just 0.05%. The Company’s book value per share decreased to $9.24 as of March 31, 2022, due to market interest rate increases affecting investment values.
Coastal Carolina Bancshares (OTCQX:CCNB) reported strong financial results for 2021, with net income rising 67% to $6.24 million or $1.01 per share, driven by robust deposit and loan growth. In Q4 2021, net income was $1.67 million, up 32% year-over-year. Total assets grew by 26% to $759 million, while total deposits increased 28% to $684 million. The company's return on average assets stood at 0.90%, and the return on average equity was at 11.06%. However, net interest margins compressed to 3.12% due to excess liquidity and a declining interest rate environment.
Coastal Carolina Bancshares (OTCQX:CCNB) reported strong financial results for Q3 2021, with net income reaching $1,651,954, a 60% increase year-over-year. Year-to-date net income rose 85% to $4,572,750, translating to diluted EPS of $0.74. Total assets grew 4% in Q3 and 22% year-to-date to $736 million, driven by a 24% rise in total deposits to $661 million. Total loans excluding PPP increased 12% year-to-date. The bank maintains a solid capital position above regulatory minimums, with a non-performing asset ratio of 0.06%. Overall, the bank's performance reflects robust growth across key metrics.
Coastal Carolina Bancshares reported a strong second quarter for 2021, achieving net income of $1,533,227 or $0.25 per share, marking a 126% year-over-year increase. For the first half, net income reached $2,920,796, up 103% from the previous year. The Bank's total assets grew by 8% in the quarter to $708 million, with total deposits increasing by 9% to $635 million. Additionally, loans rose by 4% to $456 million. The Bank maintains strong asset quality with a non-performing asset ratio of 0.06%.
Coastal Carolina Bancshares, parent of Coastal Carolina National Bank (OTCQX:CCNB), announced a net income of $1,387,569 ($0.23 per share) for Q1 2021, marking an 82% increase year-over-year and a 10% increase from the previous quarter. Total assets rose 9% to $655 million, and loans increased by 5% to $437 million. The bank experienced substantial growth in deposits, reaching $583 million (up 9%), and maintained solid asset quality with a non-performing asset ratio of 0.06%.
Coastal Carolina Bancshares (OTCQX:CCNB) reported strong financial results for Q3 2020, with a net income of $1,033,424, or $0.17 per share, a 52% increase from the prior quarter and 29% from Q3 2019. Year-to-date net income reached $2,475,101, a 29% rise. Total assets grew 29% to $576 million, total loans increased 17% to $414 million, and total deposits rose 32% to $507 million. The bank saw a decrease in pandemic-related loan deferrals, highlighting improved loan portfolio performance, though it continues to prepare for potential credit losses amid ongoing uncertainty.
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