Coastal Financial Corp. Reports Q3 Net Income of $13.6 Million
Coastal Financial Corporation reported Q3 net income of $13.6 million, or $0.88 per diluted share, up from $11.0 million in Q2 2025 and $13.5 million in Q3 2024. Interest and dividend income rose to $109.0 million, while net interest income increased to $77.9 million. Provision for credit losses was $56.6 million, up from $32.2 million in Q2 but down from $70.3 million in Q3 2024. Uninsured deposits reached $617.9 million, and total shareholders’ equity rose by $13.6 million. The banking-as-a-service segment, CCBX, reported 29 active relationships.
Coastal Financial Corporation reported unaudited financial results for the third quarter ended September 30, 2025. Net income was $13.6 million, or $0.88 per diluted common share, compared to $11.0 million, or $0.71 per diluted common share, for the previous quarter, and $13.5 million, or $0.97 per diluted common share, for the same period in 2024. Interest and dividend income for the third quarter was $109.0 million, up from $107.8 million in the second quarter of 2025 and $105.2 million in the third quarter of 2024. Net interest income was $77.9 million, compared to $76.7 million in the previous quarter and $72.3 million a year earlier. Provision for credit losses totaled $56.6 million in the third quarter, up from $32.2 million in the second quarter of 2025 but down from $70.3 million in the same period in 2024. As of September 30, 2025, uninsured deposits stood at $617.9 million, up from $579.9 million at June 30, 2025. Total shareholders’ equity increased by $13.6 million since the previous quarter. The company and its banking subsidiary remained well-capitalized, with tier 1 leverage capital ratios of 10.5 percent. During the quarter, the company’s banking-as-a-service segment, CCBX, reported 29 active relationships at varying stages, including two partners in testing, four in implementation or onboarding, and two signed letters of intent. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coastal Financial Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9564131-en) on October 29, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
