---
title: "COASTAL FINANCIAL CORP 2Q 2026: Revenue $178.1M, Net loss $(42.1M), EPS $(2.76) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295253337.md"
description: "Coastal Financial Corp reported a Q2 2026 net loss of $42.1M and EPS of $(2.76), contrasting with prior-year profits, due to credit charges and valuation adjustments despite revenue rising 49.2% to $178.1M. The company expanded its CCBX partner base to 30, driving loan growth and deposit flows. To manage portfolio risk, Coastal executed $7.84B in receivable sales year-to-date while increasing investments in technology and risk management."
datetime: "2026-08-07T15:11:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295253337.md)
  - [en](https://longbridge.com/en/news/295253337.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295253337.md)
generator: "portal-rs"
---

# COASTAL FINANCIAL CORP 2Q 2026: Revenue $178.1M, Net loss $(42.1M), EPS $(2.76) — 10-Q Summary

COASTAL FINANCIAL CORP reported second-quarter 2026 results with revenue of $178.1M, a net loss of $(42.1M) and diluted loss per share of $(2.76), reflecting a sharp deterioration from the year‑ago quarter driven by credit-related charges and a valuation adjustment despite higher revenue.

**Financial Highlights**

-   Revenue was $178.1M for 2Q 2026 (Net interest income $89.4M + Noninterest income $88.7M), compared with $119.4M in the prior-year quarter; YoY change 49.2%.
-   Net income was a loss of $(42.1M) for 2Q 2026, compared with net income of $11.0M in the prior-year quarter.
-   Diluted (loss) EPS was $(2.76) for 2Q 2026, compared with diluted EPS of $0.71 in the prior-year quarter.

**Business Highlights**

-   Net interest income rose on loan growth; BaaS program income and indemnification income increased materially versus the prior year.
-   CCBX channel grew roughly 23–28% year over year, shifting the loan portfolio mix to CCBX, which represented about 52% of loans and drove partner-led deposit flows.
-   COASTAL expanded the CCBX partner base to 30 as of June 30, 2026, and executed large receivable sales totaling $7.84B year-to-date to manage portfolio risk.
-   Increased investments in data processing, software (including tech modernization and amortization) and risk management to support CCBX scale.
-   Enhanced credit monitoring and collection operations, established specific reserves for one partner, and relied on partner indemnifications and cash reserves to mitigate credit and fraud losses.

Original SEC Filing: COASTAL FINANCIAL CORP \[ CCB \] - 10-Q - Aug. 07, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**