Coastal Financial Washington | 8-K: FY2025 Q3 Revenue: USD 144.68 M

Revenue: As of FY2025 Q3, the actual value is USD 144.68 M.

EPS: As of FY2025 Q3, the actual value is USD 0.88, beating the estimate of USD 0.872.

EBIT: As of FY2025 Q3, the actual value is USD -3.395 M.

Financial Data and Outlook Summary

Segment Revenue

• BaaS Program Fee Income: Total BaaS program fee income was $7.6 million for the three months ended September 30, 2025, an increase of $764,000, or 11.3%, from the three months ended June 30, 2025.

Operational Metrics

• Net Income: Net income for the quarter ended September 30, 2025, was $13.6 million, compared to $11.0 million for the quarter ended June 30, 2025, and $13.5 million for the quarter ended September 30, 2024.
• Noninterest Expense: Total noninterest expense was $70.2 million, down $2.7 million, or 3.7%, from $72.8 million in the quarter ended June 30, 2025.
• Provision for Credit Losses: The provision for credit losses was $56.6 million for the quarter ended September 30, 2025, compared to $32.2 million for the quarter ended June 30, 2025.

Cash Flow

• Operating Cash Flow: Not explicitly detailed in the reference.
• Free Cash Flow: Not explicitly detailed in the reference.

Unique Metrics

• CCBX Loans: CCBX loans increased by $123.9 million, or 7.4%, to $1.80 billion despite selling $1.62 billion in loans during the three months ended September 30, 2025.

Outlook / Guidance

• Coastal Financial Corporation expects additional new partner engagements in the BaaS space, with continued investment in technology and risk management infrastructure to drive future operational efficiencies and lower costs. The company remains focused on managing current noninterest expenditures effectively and maintaining credit quality amidst future interest rate changes.