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. (OTCQX: CCNB), parent of Coastal Carolina National Bank, regularly publishes detailed financial and operational updates that are relevant to investors, depositors, and community stakeholders. As a Myrtle Beach-based community bank holding company, CCNB’s news flow centers on earnings results, balance sheet trends, capital actions, and developments across its regional footprint in South Carolina and North Carolina.
Readers of CCNB news can expect quarterly and annual earnings releases that include information on net income, net interest income, net interest margin, noninterest income, noninterest expense, loan and deposit growth, and regulatory capital ratios. These releases also discuss asset quality metrics such as non-performing assets, past due loans, and allowance for credit losses, providing insight into the bank’s credit profile.
In addition to earnings, CCNB issues announcements on capital and funding activities, such as subordinated debt offerings and common equity private placements. The company explains how proceeds from these transactions are intended to support general corporate purposes, strengthen regulatory capital, and fund ongoing strategic growth initiatives.
Management commentary is a recurring feature of CCNB’s news, offering context on loan growth in categories like owner occupied and non-owner occupied commercial real estate, 1–4 family residential lending, commercial and industrial lending, and construction and land development. The company also comments on deposit mix, including checking, savings, money market accounts, time deposits, and brokered certificates of deposit, as well as the impact of interest rate changes on funding costs and asset yields.
For anyone tracking CCNB, this news stream provides a consistent view of how the bank is performing, how it manages credit quality and liquidity, and how it approaches community-focused growth in its regional markets.
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.