Every 8-K that CoastalSouth Bancshares, Inc. (COSO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow COSO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full COSO filings page.
CoastalSouth Bancshares, Inc. updated its corporate governance by amending its Amended and Restated Bylaws on July 23, 2026. The amendment, effective immediately, adds a new Article XII establishing an exclusive forum and standing framework for certain disputes involving the company.
Unless the company consents otherwise, the Georgia State-wide Business Court is designated as the sole and exclusive forum for internal entity claims under the Georgia Business Corporation Code, including court-ordered inspections of corporate records by shareholders. The provision expressly excludes direct claims under the Securities Act of 1933 and the Securities Exchange Act of 1934. The amendment also introduces a minimum ownership requirement for derivative proceedings: a shareholder must have owned at least 1% of the company’s issued and outstanding shares at the time of the acts or omissions giving rise to the derivative action to have standing to commence or maintain such a case.
CoastalSouth Bancshares reported Q2 2026 net income of $7.3 million, or $0.59 per diluted share, above $6.3 million and $0.51 in Q1 2026 and $6.0 million and $0.57 in Q2 2025. For the first half of 2026, net income was $13.7 million, or $1.10 per diluted share. Return on average assets was 1.24%, return on average equity 11.02%, and return on average tangible common equity 11.23%. The board declared a quarterly dividend of $0.05 per share, payable August 27, 2026 to shareholders of record on August 13, 2026.
Net interest income was $20.7 million and net interest margin expanded to 3.66%, up 7 basis points from Q1 2026, while total cost of funds declined to 2.50%. Loans held for investment reached $1.71 billion, supported by loan production of $181.6 million and a $78.1 million increase in balances, or 19.3% annualized. Total assets were $2.42 billion and deposits $2.05 billion, with noninterest-bearing deposits representing 17.4% of total. Asset quality remained strong, with annualized net charge-offs to average loans at 0.01% and nonperforming assets at 0.76% of total assets, while the allowance for credit losses on loans held for investment stood at 1.16% of that portfolio.
CoastalSouth Bancshares, Inc. announced that its Board of Directors has authorized a new stock repurchase plan, called the 2026 Repurchase Plan. Under this plan, the company may buy back up to $15 million of its common stock.
The plan becomes effective on May 1, 2026, and will run through April 30, 2027, unless the Board extends it. Repurchases may occur in the open market, through accelerated share repurchase programs, privately negotiated transactions, or other methods that comply with Rule 10b-18. The company may also use a Rule 10b5-1 trading plan to continue repurchases during blackout periods. The program is discretionary and does not require the company to repurchase a specific amount of stock.
CoastalSouth Bancshares, Inc. reported the results of its 2026 Annual Meeting of Shareholders. Of 11,853,258 common shares outstanding as of the record date, 8,894,030 shares were represented, meaning 75.79% of eligible shares were present in person or by proxy, establishing a quorum.
Shareholders elected eleven directors to one-year terms ending at the 2027 annual meeting. Support varied by nominee, with votes for ranging from 5,927,906 to 7,846,482 and broker non-votes of 1,132,351 for each director. Shareholders also ratified the appointment of Elliott Davis, LLC as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 8,979,430 votes for and 4,600 against.
CoastalSouth Bancshares, Inc. reported first quarter 2026 net income of $6.3 million, or $0.51 per diluted share, down from $7.1 million ($0.58) in the prior quarter but up from $5.1 million ($0.47) a year earlier. Net interest income was $19.7 million with a net interest margin of 3.59%, essentially flat sequentially and higher than the prior year. Total assets reached $2.35 billion and total deposits rose to $2.06 billion, driven by $117.9 million growth in core deposits while brokered certificates of deposit fell $48.4 million. Loans held for investment grew modestly to $1.63 billion, supported by $166.7 million in new production.
Asset quality remained strong, with net charge-offs at 0.01% of average loans and nonperforming assets at 0.77% of total assets; the allowance for credit losses on loans was 1.16% of loans and covered nonperforming loans by 103.54%. Book value per share increased to $21.94 and tangible book value per share to $21.52. The board declared a quarterly cash dividend of $0.05 per share, payable May 28, 2026 to shareholders of record as of May 14, 2026.
CoastalSouth Bancshares, Inc. appointed J. Simon Fraser to its Board of Directors effective February 26, 2026. His initial term runs until the 2026 Annual Meeting of Stockholders, when he will be considered for a one-year term.
Following the 2026 Annual Shareholder Meeting, Mr. Fraser is expected to join the Audit Committee and the Nominating and Governance Committee. The Board determined that he is an independent director under SEC rules and New York Stock Exchange listing standards. The company’s banking subsidiary has ordinary-course loan relationships with Mr. Fraser on terms comparable to non-related customers.
CoastalSouth Bancshares, Inc. furnished an update on its recent performance by issuing a press release with its results of operations and financial condition for the fourth quarter ended December 31, 2025. The company also prepared and shared an investor presentation to accompany these results, making it available as an exhibit and on its investor relations website. Both the earnings release and the investor presentation are furnished under the Exchange Act and are specifically designated as not being filed, which means they are not subject to certain liability provisions unless later incorporated by reference into other documents.
CoastalSouth Bancshares, Inc. reported that director Boris Gutin has resigned from its Board of Directors, effective November 19, 2025. He was originally designated to the Board by GCP Capital Partners and its related funds, which invested in the company’s 2017 recapitalization.
The company explains that, following its recent initial public offering and consistent with GCP’s customary practice of not having representatives serve on public company boards, Mr. Gutin determined this was an appropriate time to step down. He expressed strong support for the company, its management, and the Board, and his resignation is stated to not be due to any disagreement over operations, policies, or practices.
CoastalSouth Bancshares, Inc. furnished an 8‑K announcing its results of operations and financial condition for the third quarter ended September 30, 2025. The company issued a press release with these Q3 2025 results.
The earnings release is provided as Exhibit 99.1 and an investor presentation for the quarter is included as Exhibit 99.2. The information under Item 2.02 is furnished, not filed, and is not subject to Section 18 of the Exchange Act or incorporated by reference unless specifically stated.
CoastalSouth Bancshares, Inc. redeemed all of its outstanding 5.95% Fixed to Floating Rate Subordinated Notes due 2030 on September 15, 2025. These subordinated notes were originally issued with a principal amount of $15,000,000.
The notes were redeemed at 100% of their principal amount, plus any accrued and unpaid interest up to but excluding the redemption date, in line with the original terms of the notes dated September 9, 2020. This transaction removes that subordinated debt from the company’s capital structure.