Short answer
COASTAL FINANCIAL CORP (CCB) filed its fiscal 2025 10-K annual report with the SEC on Feb 27, 2026. It reported revenue of $430M (+8.3% year over year) and net income of $47M.
- Top risk flagged: Regulatory risk: potential enforcement actions under Bank Secrecy Act and anti-money laundering statutes
FY2025 key financial metrics · XBRL
- Revenue
- $430M
- +8.3% YoY
- Net income
- $47M
- +3.9% YoY
- EPS (diluted)
- $3.06
- −6.1% YoY
- ROE
- 9.6%
- −0.7 pp YoY
- Operating cash flow
- $255M
- −2.0% YoY
Source: XBRL data from the COASTAL FINANCIAL CORP (CCB) FY2025 10-K on SEC EDGAR. USD.
COASTAL FINANCIAL CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Regional banking services focusing on deposit, lending, and equity compensation plans
- New emphasis on equity compensation, with 118,881 options outstanding at $10.10 exercise price, 700,458 shares available for issuance
- No change in control arrangements known to management reported, indicating stable governance structure
- Proxy statement heavily referenced for governance, executive compensation, and related party transactions, showing increased reliance on shareholder communications
- No disclosed new products or geographic expansions; filing emphasizes governance and compliance details for 2026 fiscal year
Management Discussion & Analysis
- Revenue not explicitly stated, noninterest income $231.6M down 24.9% YoY from $308.2M, driven by lower BaaS indemnification income
- Operating margin and net income not provided; effective tax rate rose to 23.3% in 2025 from 21.1% in 2024
- Best segment: CCBX with $190.0M provision for credit losses on loans vs community bank negative provision of $(666)K; CCBX net charge-offs $196.8M vs community bank $27K
- Noninterest expense $287.8M up 16.8%, driven by $15.8M salaries increase and $8.0M data processing; BaaS loan and fraud expense $137.1M up 6.8%
- No direct cash flow data disclosed; capital allocation specifics on buybacks/dividends/capex not provided
- Forward outlook risks: macroeconomic volatility, global conflicts, inflation, interest rate changes; management focusing on higher quality CCBX loans and technology investments
Risk Factors
- Regulatory risk: potential enforcement actions under Bank Secrecy Act and anti-money laundering statutes
- Macroeconomic threat: $1.29B commercial real estate loans (34.2% total portfolio) vulnerable to local Puget Sound market downturn
- Operational risk: reliance on CCBX partners for $1.81B (48.1% total loans) originations exposes to partner credit and compliance failures
- Market disruption: increasing competition in Banking-as-a-Service from institutions reducing third-party bank reliance
- Credit risk: allowance for credit losses may be inadequate amid uncertain economic conditions and potential increased loan defaults
Generated from the filing text; verify against the original. How to read a 10-K
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