Brian Hamilton filed to sell common stock of CCB under a Form 144. The filing lists 226 shares of common stock with an aggregate market value of $9,447.00, to be sold through Stifel Nicolaus & Company Inc. on or after August 3, 2026 on Nasdaq.
Separately, the filing notes common stock originally acquired as restricted stock on September 30, 2024 as part of equity compensation, with 581 shares referenced in that context and a planned sale date of July 31, 2026. Over the prior three months, Hamilton reported sales of 230 shares for $17,374.00 on May 1, 2026, 7,230 shares for $516,388.00 on June 2, 2026, and 229 shares for $17,798.00 on July 1, 2026.
Coastal Financial Corporation appointed Christopher D. Adams, 46, as Executive Chair of its Board of Directors, effective July 29, 2026. Adams has served as a non-employee director since 2016 and is a partner at the Everett, Washington law firm Adams & Duncan, Inc., P.S.
The company entered into an employment agreement with Adams with an initial five-year term and an annual base salary of $750,000, subject to review by the Board’s Compensation Committee, and including standard non-solicitation, confidentiality and non-disparagement provisions. Following his appointment, the Board named Thomas Lane as Lead Independent Director and approved amendments to the Fourth Amended and Restated Bylaws to define the authority and duties of the Executive Chairperson and Lead Independent Director.
Coastal Financial Corporation presented second quarter 2026 results showing a net loss of $42.1 million, or EPS of $(2.76), versus profit in the prior quarter. The loss was driven largely by a $22.8 million partner-specific credit loss provision and a $46.0 million valuation adjustment to a credit enhancement asset, plus $4.4 million of amortization on capitalized software tied to technology modernization. Despite this, total revenue rose to $178.1 million, up 19.2% sequentially and 49.1% year over year, with net interest income of $89.4 million and a net interest margin of 7.27% (3.98% net of BaaS loan expense).
Loans receivable increased 9.0% from March 31 to $4.21 billion, while deposits declined 3.6% to $4.86 billion as the company swept $4.26 billion of CCBX deposits off balance sheet, generating $1.2 million of sweep fee income. The CCBX Banking as a Service segment reported gross loans of $2.23 billion, 32.5% higher than a year earlier, and BaaS program fee income of $12.0 million, 57.0% above the prior-year quarter. Capital and liquidity remained strong, with Bank Common Equity Tier 1 capital of 11.0%, total shareholders’ equity of about $463.4 million, tangible book value per share of $30.05, and cash plus immediate borrowing capacity of $1.924 billion, equal to 43.7% of total deposits.
Coastal Financial Corporation reported a second-quarter 2026 net loss of $42.1 million, or $(2.76) per diluted share, versus net income of $12.0 million, or $0.78 per share, in the prior quarter. The loss was primarily driven by a $68.8 million credit expense tied to a single CCBX banking-as-a-service partner, including a $22.8 million specific provision for credit losses and a $46.0 million valuation adjustment to the related credit enhancement asset.
Underlying operations showed growth: net interest income rose to $89.4 million with a net interest margin of 7.27%, loans receivable increased to $4.21 billion, and total BaaS program fee income reached $12.0 million, up 10.3% from the prior quarter. CCBX loans grew 18.1% to $2.23 billion despite selling $4.56 billion of loans, and off-balance sheet credit cards with fee potential climbed to 881,659.
Credit costs and technology investments were elevated: the provision for credit losses totaled $92.2 million, noninterest expense increased to $141.1 million, and the allowance for credit losses rose to 5.08% of loans. Even after these charges, the company and bank remained well capitalized, with a common equity Tier 1 ratio of 10.86% and total risk-based capital of 13.30%, supported by $1.01 billion in cash and $1.12 billion of additional borrowing capacity.
Coastal Financial Corporation announced that it will report second quarter 2026 financial results pre-market on July 30, 2026 and will host an earnings conference call that day at 8:00 a.m. ET (5:00 a.m. PT) to review and discuss the results.
Coastal is an Everett, Washington-based bank holding company whose wholly owned subsidiaries are Coastal Community Bank and Arlington Olympic LLC. The Bank is described as a $5.66 billion institution, operates 14 full-service branches and one loan production office in Washington, and also offers “banking as a service” to digital financial service providers through its CCBX segment.
Coastal Financial Corporation reported a planned chief financial officer transition. Brandon Soto, Executive Vice President and CFO, will step down effective August 15, 2026, to become CEO of a banking subsidiary of a privately held financial technology company. The company stated that his departure is not related to any disagreements. Under a Separation Agreement dated July 22, 2026, he will repay a $15,000 signing bonus and receives a waiver of advance notice requirements in exchange for agreeing to restrictive covenants.
Joel Edwards, age 65, who served as Coastal’s CFO from 2012 until his retirement in 2025 and currently advises the company, has been appointed Interim Chief Financial Officer effective August 15, 2026. An offer letter provides a monthly base salary of $100,000 and participation in standard executive benefits. The company notes there are no arrangements or family relationships tied to his selection and no related-party transactions requiring disclosure. Coastal plans to conduct a search for a permanent CFO, and Soto will remain through the filing and certification of the company’s second-quarter 2026 Form 10-Q.
Coastal Financial Corp director and CCBX president Brian T. Hamilton reported a small tax-withholding share disposition tied to RSU vesting. On the transaction date, 229 shares of common stock were disposed of at $77.7221 per share to cover withholding taxes.
The footnotes explain this was done upon partial vesting of restricted stock units under a Rule 10b5-1 trading plan, indicating a pre-arranged, compensation-related event rather than an open-market trade. After the transaction, Hamilton directly owned 67,112 common shares, along with multiple RSU awards scheduled to vest over the next several years.
Brian Hamilton reported proposed sales of Common Stock on a Form 144. The filing lists 17,798.00 (as shown) of Common Stock associated with a broker (Stifel Nicolaus & Company Inc.). The securities type is listed as Restricted Stock tied to Equity Compensation.
The filing also discloses sales in the past three months: 228 shares (04/01/2026), 230 shares (05/01/2026) and 7,230 shares (06/02/2026).
COASTAL FINANCIAL CORP director and President of CCBX Brian T. Hamilton reported an open-market sale of 7,000 shares of common stock at $71.423 per share.
An additional 230 shares were disposed of to cover withholding taxes. Both transactions were executed under a pre-arranged Rule 10b5-1 trading plan, and Hamilton continues to hold a meaningful equity stake, including multiple RSU awards scheduled to vest over time.
The filing is a Form 144 sale notice listing recent dispositions of Common Stock and a restricted‑stock entry tied to equity compensation. The filing lists four dispositions in the past three months: 146 shares on 03/03/2026, 1,792 shares on 03/30/2026, 228 shares on 04/01/2026, and 230 shares on 05/01/2026. The excerpt also shows 582 Restricted Stock with an associated date of 04/30/2026.