COASTAL FINANCIAL CORPORATION (CCB)

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=jivedata("CCB","financials")

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COASTAL FINANCIAL CORPORATION

CCB • CIK 0001437958

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Interest Income (Expense), Net	$238,727	$273,028	$310,065	$329,990
Provision for Other Credit Losses	—	$277,607	$192,631	$248,194
Interest Income (Expense), after Provision for Loan Loss	$54,735	$-4,579	$117,434	$81,796
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$57,133	$57,317	$61,245	$-5,521
Income Tax Expense (Benefit)	$12,554	$12,098	$14,252	$-1,670
Net Income (Loss) Attributable to Parent	$44,579	$45,219	$46,993	$-3,851
Interest and Fee Income, Loans and Leases	$311,441	$372,021	$397,587	$414,557
Interest Income, Deposits with Financial Institutions	$15,346	$21,265	$28,972	$29,552
Investment Income, Interest	$3,197	$3,056	$2,527	$2,485
Interest and Dividend Income, Operating	$330,371	$396,777	$429,617	$447,148
Interest Expense, Deposits	$89,000	$120,932	$116,914	$114,042
Interest Expense, Borrowings	$2,644	$2,817	$2,638	$3,116
InterestExpenseOperating	—	$123,749	$119,552	$117,158
Gain (Loss) on Sales of Loans, Net	$253	$0	$0	$0
Equity Securities, FV-NI, Unrealized Gain (Loss)	$279	$27	$-414	$110
Noninterest Income, Other	$884	$1,524	$3,306	$2,848
Noninterest Income	$207,175	$308,205	$231,608	$280,222
Labor and Related Expense	$66,461	$70,084	$85,774	$89,670
Occupancy, Net	$4,926	$3,936	$3,992	$3,792
Professional Fees	$14,803	$15,506	$20,254	$21,603
Information Technology and Data Processing	$3,534	$325	$350	$1,083
Excise and Sales Taxes	$1,976	$1,154	$2,855	$2,855
Marketing Expense	$517	$162	$631	$575
Other Noninterest Expense	$5,224	$6,484	$7,492	$8,248
Noninterest Expense	$204,777	$246,309	$287,797	$367,539
Weighted Average Number of Shares Outstanding, Basic	13,261,664	13,508,047	15,051,806	15,265,288
Weighted Average Number of Shares Outstanding, Diluted	13,640,182	13,876,906	15,350,175	15,312,978

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash and Due from Banks	$31,345	$36,533	$34,241	$48,088
Interest-bearing Deposits in Banks and Other Financial Institutions	$451,783	$415,980	$702,729	$960,360
DebtSecuritiesAvailableForSaleExcludingAccruedInterest	$99,504	$35	$29	$27
DebtSecuritiesHeldToMaturityExcludingAccruedInterestBeforeAllowanceForCreditLoss	$50,860	$47,286	$48,218	$45,218
Other Investments	$10,227	$10,800	$12,837	$12,837
Financing Receivable, Held-for-Sale	$0	$20,600	$71,216	$107,838
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss	$3,026,092	$3,486,565	$3,749,531	$4,208,270
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	$116,958	$176,994	$169,530	$213,724
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss	$2,909,134	$3,309,571	$3,580,001	$3,994,546
Loans and Leases Receivable, Net Reported Amount, Covered and Not Covered	$107,921	$181,890	$177,657	$177,657
Other Receivables	$9,088	$14,138	$23,047	$28,134
Property, Plant and Equipment, Net	$22,090	$27,431	$29,325	$25,736
Operating Lease, Right-of-Use Asset	$5,932	$5,219	$4,821	$4,368
Accrued Investment Income Receivable	$26,819	$21,104	$18,613	$20,937
Bank Owned Life Insurance	$12,870	$13,375	$13,910	$14,199
Deferred Income Tax Assets, Net	$3,806	$3,600	$0	$16,196
Intangible Assets, Net (Excluding Goodwill)	—	—	$4,536	$4,536
Other Assets	$11,987	$13,646	$20,257	$17,774
Assets	$3,753,366	$4,121,208	$4,741,437	$5,456,152
Deposits	$3,360,363	$3,585,332	$4,144,199	$4,861,898
Subordinated Debt	$44,144	$44,293	$44,443	$44,518
Junior Subordinated Notes	$3,590	$3,591	$3,593	$3,594
Deferred Compensation Liability, Current and Noncurrent	$479	$332	$267	$236
Interest Payable	$892	$962	$1,435	$2,178
Accounts Payable	$33,651	$29,171	$27,492	$32,980
Deferred Income Tax Liabilities, Net	—	—	$853	$0
Other Liabilities	$9,145	$13,425	$23,212	$42,779
Liabilities	$3,458,388	$3,682,504	$4,250,478	$4,992,705
Preferred Stock, Value, Issued	$0	$0	$0	$0
Common Stock, Value, Issued	$130,136	$228,177	$233,438	$236,012
Retained Earnings (Accumulated Deficit)	$165,311	$210,529	$257,522	$227,436
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-469	$-2	$-1	$-1
Stockholders' Equity Attributable to Parent	$294,978	$438,704	$490,959	$463,447
Preferred Stock, Shares Authorized	25,000,000	25,000,000	25,000,000	25,000,000
Preferred Stock, Shares Issued	0	0	0	0
Common Stock, Shares Authorized	300,000,000	300,000,000	300,000,000	300,000,000
Common Stock, Shares, Issued	13,304,339	14,935,298	15,140,192	15,280,689

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$140,989	$-30,615	$284,457	$288,689
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$483,128	$452,513	$736,970	$1,608,135
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$44,579	$45,219	$46,993	$46,993
Net Cash Provided by (Used in) Operating Activities	$196,513	$259,786	$254,584	$269,692
PaymentsToAcquireEquitySecuritiesFvNi	—	—	$556	$-891
Proceeds from Sale and Maturity of Held-to-maturity Securities	$417	$3,565	$4,200	$5,443
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale	$250	$100,000	$0	$0
Payment to Acquire Life Insurance Policy, Investing Activities	$230	$20	$19	$19
Proceeds from Sale of Other Receivables	—	—	$6,637,989	$12,434,094
Payments for (Proceeds from) Loans Receivable	—	—	$-26,330	$13,948
Payments to Acquire Property, Plant, and Equipment	$6,245	$9,900	$8,436	$7,642
Net Cash Provided by (Used in) Investing Activities	$-598,985	$-608,566	$-525,651	$-926,946
Increase (Decrease) in Demand Deposits	$553,932	$225,779	$564,127	$951,171
Increase (Decrease) in Time Deposits	$-11,089	$-811	$-5,260	$-2,844
Proceeds from Stock Options Exercised	$618	$1,396	$104	$104
Payment, Tax Withholding, Share-based Payment Arrangement	—	—	$3,529	$2,447
Proceeds from Issuance Initial Public Offering	$0	$91,801	$82	$10
Net Cash Provided by (Used in) Financing Activities	$543,461	$318,165	$555,524	$945,943
Interest Paid, Excluding Capitalized Interest, Operating Activities	$91,436	$123,679	$119,079	$115,934
Income Taxes Paid	—	—	$9,472	$9,472
Transfer of Loans Held-for-sale to Portfolio Loans	$599,946	$1,545,470	$6,688,605	$12,481,140
Stockholders' Equity Attributable to Parent	$294,978	$438,704	$490,959	$544,804
Provision for Other Credit Losses	—	$277,607	$192,631	$248,194
Depreciation, Depletion and Amortization	$2,328	$4,552	$6,515	$11,374
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property	$-39	$0	$-26	$-37
Gain (Loss) on Sales of Loans, Net	$253	$0	$0	$0
Accretion (Amortization) of Discounts and Premiums, Investments	$25	$-5	$-13	$-27
Equity Securities, FV-NI, Unrealized Gain (Loss)	$279	$27	$-414	$110
Share-based Payment Arrangement, Noncash Expense	$3,688	$4,844	$8,603	$7,972
Life Insurance, Corporate or Bank Owned, Change in Value	$-27	$485	$516	$532
Deferred Income Tax Expense (Benefit)	$13,879	$138	$4,453	$-12,368
Increase (Decrease) in Receivables	$-1,328	$5,050	$10,052	$16,268
Increase (Decrease) in Accounts Payable and Accrued Liabilities	$13,232	$-1,119	$-1,679	$40
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$15,919	$-3,110	$-2,966	$-22,082
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities	$151,934	$214,567	$207,591	$273,543
Operating Lease, Cost	$1,074	$1,020	$1,071	$1,188
Variable Lease, Cost	$236	$362	$413	$428
Finance Lease, Right-of-Use Asset, Amortization	—	$43	$34	$34
Finance Lease, Interest Expense	—	$5	$2	$1
Lease, Cost	$1,310	$1,430	$1,520	$1,651
Operating Lease, Payments	$1,334	$1,396	$1,500	$1,634
Finance Lease, Principal Payments	—	$47	$36	$36

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Import this data to Google Sheets with:

=jivedata("CCB","financials")

Full statements spill as a table. For one cell: =jivedata("CCB","Revenue") or =jivedata("CCB","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.