COASTAL FINANCIAL CORP (CCB) FY2025 10-K Annual Report
COASTAL FINANCIAL CORP (CCB) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 27, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
COASTAL FINANCIAL CORP FY2025 10-K Analysis
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
COASTAL FINANCIAL CORP FY2025 Key Financial MetricsXBRL
Revenue
$430M
▲ +8.3% YoY
Net Income
$47M
▲ +3.9% YoY
Net Margin
10.9%
▼ -46bp YoY
ROE
9.6%
▼ -74bp YoY
Total Assets
$4.7B
▲ +15.0% YoY
EPS (Diluted)
$3.06
▼ -6.1% YoY
Operating Cash Flow
$255M
▼ -2.0% YoY
Source: XBRL data from COASTAL FINANCIAL CORP FY2025 10-K filing on SEC EDGAR. All figures in USD.
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