Coastal Financial Corporation
Description
Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company also offers commercial and industrial loans, such as term loans, commercial lines of credit, capital call lines working capital loans, equipment financing, borrowing base loans, small business administration loans, and other loan products; owner and non-owner-occupied real estate loans, and multi-family residential loans; construction, land, and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as personal lines of credit, including overdraft protection. In addition, it provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services; and debit cards. Further, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as Banking as a Service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their customers banking services. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.
About
CEO
Mr. Eric M. Sprink
Employees
507
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNGS
Address
5415 Evergreen Way, Everett, WA 98203-3646, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 26, 2026 | — | — | — | — |
| Oct 27, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Jan 28, 2025 | 0.92 | 0.94 | 0.02 | 2.17% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 4 | 4 | 4 | 4 |
| Average estimate | 0.91 | 1.12 | 4.84 | 7.51 |
| Low estimate | 0.78 | 0.97 | 4.22 | 6.37 |
| High estimate | 1.02 | 1.22 | 5.24 | 8.50 |
| Last year EPS | 0.50 | 0.84 | 3.25 | 4.84 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
81.000%
Next qtr. (Jun 2025)
33.040%
Current year (Dec 2025)
48.920%
Next year (Dec 2026)
55.110%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 351.84M | 213.59M | 101.81M | 65.27M | 50.27M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 75.19M | 59.26M | 41.06M | 26.26M | 20.97M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | 57.13M | 50.62M | 34.38M | 19.14M | 16.66M |
| Tax provision | 12.55M | 10.00M | 7.37M | 4.00M | 3.46M |
| Net income | 44.58M | 40.63M | 27.01M | 15.15M | 13.20M |
| Basic EPS | 3.36 | 3.14 | 2.25 | 1.27 | 1.11 |
| Diluted EPS | 3.27 | 3.01 | 2.16 | 1.24 | 1.08 |
| Basic average shares | 13.26M | 12.95M | 12.02M | 11.92M | 11.90M |
| Diluted average shares | 13.26M | 12.95M | 12.02M | 11.92M | 11.90M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 44.58M | 40.63M | 27.01M | 15.15M | 13.20M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 31.35M | 32.72M | 14.50M | 18.97M | 16.56M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 483.13M | 342.14M | 813.16M | 163.12M | 127.81M |
| Other short term investments | 99.50M | 97.32M | 35.33M | 20.40M | 28.36M |
| Accounts receivable | 35.91M | 28.23M | 9.37M | 8.62M | 2.98M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 11.52M | 10.71M | 11.34M | 11.91M | 12.20M |
| Land and improvements | 3.60M | 3.60M | 2.67M | 3.05M | 2.67M |
| Machinery furniture equipment | 8.11M | 4.24M | 3.41M | 2.98M | 2.59M |
| Construction in progress | 120,000 | 138,000 | 1.38M | 169,000 | 62,000 |
| Leases | 5.04M | 4.05M | 4.12M | 3.95M | 3.91M |
| Accumulated depreciation | -12.15M | -11.25M | -9.67M | -8.36M | -7.36M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 160.59M | 108.91M | 45.10M | 29.31M | 37.22M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 34.54M | 21.10M | 2.20M | 531,000 | 308,000 |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | 153.72M | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 53.86M | 52.82M | 59.19M | 45.90M | 32.24M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 130.14M | 125.83M | 121.85M | 87.82M | 86.98M |
| Retained earnings | 165.31M | 120.00M | 79.37M | 52.37M | 37.22M |
| Other shareholders equity | -469,000 | -2.33M | 4,000 | 34,000 | -32,000 |
| Total shareholders equity | 294.98M | 243.49M | 201.22M | 140.22M | 124.17M |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 44.58M | 40.63M | 27.01M | 15.15M | 13.20M | 9.70M | 5.44M | 5.00M |
| Depreciation | 2.33M | 1.81M | 1.59M | 1.36M | 1.24M | 1.07M | 993,000 | 895,000 |
| Deferred Taxes | 13.88M | -11.02M | -3.01M | -1.07M | -561,000 | -382,000 | 1.28M | -323,000 |
| Stock-Based Compensation | 3.69M | 2.52M | 1.28M | 630,000 | 431,000 | 310,000 | 285,000 | 143,000 |
| Other Non-Cash Items | — | -360,000 | -172,000 | -200,000 | -194,000 | -188,000 | -185,000 | -188,000 |
| Accounts Receivable | 1.33M | -9.15M | -1.10M | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -66.00M | -55.47M | -4.58M | -5.21M | -2.30M | 2.32M | -968,000 | 306,000 |
| Operating Cash Flow | -193,000 | -31.04M | 21.02M | 10.65M | 11.82M | 12.83M | 6.85M | 5.84M |
| Investing Activities | ||||||||
| Capital Expenditures | -6.25M | -2.84M | -2.59M | -5.37M | -1.21M | -1.15M | -1.06M | -911,000 |
| Net Intangibles | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | -19.98M | — | — | — | — | — |
| Purchase of Investments | -50.24M | -137.14M | -118.44M | -31.94M | -33.87M | -86,000 | -5.59M | -58.02M |
| Sale of Investments | 1.28M | 70.27M | 104.05M | 39.49M | 40.17M | 229,000 | 1.78M | 37.73M |
| Investing Cash Flow | -55.44M | -69.76M | -41.97M | 2.18M | 5.09M | -1.01M | -4.87M | -21.20M |
| Financing Activities | ||||||||
| Long-Term Debt Issuance | — | 19.63M | 24.26M | 230.65M | — | — | — | 9.93M |
| Long-Term Debt Payments | — | -25.00M | -163.72M | -61.93M | -10.00M | — | — | -6.80M |
| Other Financing Charges | — | — | — | — | — | — | — | — |
| Financing Cash Flow | — | -5.37M | -107.07M | 158.72M | -20.00M | 33.24M | 5.00M | 8.13M |
| Other Cash Details | ||||||||
| End Cash Position | 483.13M | 342.14M | 813.16M | 18.97M | 43.91M | 40.32M | 31.12M | 11.08M |
| Income Tax Paid | 6.84M | 23.50M | 8.76M | 5.36M | 4.48M | 2.52M | 3.82M | 2.37M |
| Interest Paid | 91.44M | 20.07M | 3.82M | 6.55M | 6.55M | 3.88M | 2.87M | 2.54M |
| Free Cash Flow | 190.27M | 64.26M | 27.25M | 13.96M | 12.46M | 13.25M | 6.56M | 6.21M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Price (T.Rowe) Small-Cap Value Fund | Sep 30, 2024 | 574,834 | 51.10M | 4.24% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 364,027 | 32.36M | 2.69% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 335,718 | 29.85M | 2.48% |
| Price (T.Rowe) U.S. Small-Cap Value Equity Trust | Sep 30, 2024 | 300,749 | 26.74M | 2.22% |
| John Hancock Regional Bank Fund (Investors Tr) | Nov 30, 2024 | 184,896 | 16.44M | 1.37% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 158,008 | 14.05M | 1.17% |
| John Hancock Financial Opportunities Fund | Nov 30, 2024 | 130,615 | 11.61M | 0.96% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 127,470 | 11.33M | 0.94% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 116,001 | 10.31M | 0.86% |
| iShares Russell 2000 Growth ETF | Nov 30, 2024 | 97,122 | 8.63M | 0.72% |
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