Coastal Financial Corporation Announces First Quarter 2020 Results
Coastal Financial Corporation (CCB)
Last coastal financial corporation earnings: 4/27 09:25 am
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Source: GlobeNewswire
Quarter One 2020 Highlights: Net income totaled $2.7 million for the quarter ended March 31, 2020, or $0.22 per diluted common share, a decrease of 3.0% from $2.8 million or $0.23 per diluted common share for the quarter ended March 31, 2019. Total assets were $1.18 billion and grew at an annualized rate of 19.8% during the quarter ended March 31, 2020, compared to total assets of $1.13 billion at December 31, 2019.Total loans receivable grew at an annualized rate of 28.3% during the quarter ended March 31, 2020 to $1.01 billion compared to $939.1 million at December 31, 2019. A provision for credit losses of $1.6 million was recorded during the quarter ended March 31, 2020, due to loan growth and in response to the economic uncertainties of the COVID-19 pandemic.Total deposits increased at an annualized rate of 15.4% during the quarter ended March 31, 2019 to $1.01 billion, compared to $968.0 million at December 31, 2019.Total core deposits increased at an annualized rate of 13.9%
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CCB
News
- Coastal Financial (NASDAQ:CCB) had its price target raised by analysts at TD Cowen from $140.00 to $155.00. They now have a "buy" rating on the stock.MarketBeat
- Coastal Financial (NASDAQ:CCB) was given a new $155.00 price target on by analysts at UBS Group AG.MarketBeat
- Coastal Financial (NASDAQ:CCB) had its "buy" rating reaffirmed by analysts at Cowen Inc.MarketBeat
- Coastal Financial (NASDAQ:CCB) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Coastal Financial (CCB) Margin Compression Challenges Stable Growth Narrative in Latest Earnings [Yahoo! Finance]Yahoo! Finance
CCB
Earnings
- 10/30/25 - Miss
CCB
Sec Filings
- 12/1/25 - Form 4
- 11/7/25 - Form 10-Q
- 11/4/25 - Form 144
- CCB's page on the SEC website