Coastal Financial Washington

Q2 FY2026 EarningsFY26 Q2 results missed consensus across most profitability metrics due to an isolated $68.8M credit charge related to a single CCBX partner. While total revenue of $207.3M significantly beat the $148.5M expected (driven by a 107.8% surge in noninterest income), a GAAP net loss of -$42.1M and Diluted EPS of -$2.76 fell far below expectations ($16.1M and $1.01, respectively). Despite the isolated credit event, the underlying community bank remains stable, and loan growth continues to be robust in the BaaS segment.