Coastal Financial Corporation Announces First Quarter 2024 Results
Coastal Financial Corporation (CCB)
Last coastal financial corporation earnings: 4/27 09:25 am
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Source: GlobeNewswire
First Quarter 2024 Highlights: Net income of $6.8 million, or $0.50 per diluted common share, for the three months ended March 31, 2024, compared to $9.0 million, or $0.66 per diluted common share for the three months ended December 31, 2023 Return on average assets ("ROA") of 0.73% for the three months ended March 31, 2024, compared to 0.97% for the three months ended December 31, 2023.Return on average equity ("ROE") of 9.21% for the three months ended March 31, 2024 compared to 12.35% for the three months ended December 31, 2023. Net interest margin of 6.78% for the quarter ended March 31, 2024, compared to 6.61% for the quarter ended December 31, 2023.Continued investment in technology to build and enhance the BaaS infrastructure, increase automation, enhance operational efficiency and productivity requires significant upfront expense, but is necessary for long-term success.Decrease in net income driven by $2.3 million in unanticipated expenses, net of income tax, (more informat
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CCB
News
- Coastal Financial Co. (NASDAQ: CCB) had its price target lowered by analysts at Hovde Group from $57.50 to $55.00. They now have an "outperform" rating on the stock.MarketBeat
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CCB
Earnings
- 1/30/24 - Miss
CCB
Sec Filings
- 5/9/24 - Form 10-Q
- 5/7/24 - Form 4
- 5/6/24 - Form 144
- CCB's page on the SEC website