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Coastal Financial Corporation  (CCB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $36.2000 $0.14 0.388%
Day's High: $36.73 Week Perf: -4.79 %
Day's Low: $ 35.70 30 Day Perf: -6.53 %
Volume (M): 112 52 Wk High: $ 48.50
Volume (M$): $ 4,069 52 Wk Avg: $39.96
Open: $35.83 52 Wk Low: $32.20



 Market Capitalization (Millions $) 494
 Shares Outstanding (Millions) 14
 Employees -
 Revenues (TTM) (Millions $) 262
 Net Income (TTM) (Millions $) 45
 Cash Flow (TTM) (Millions $) 141
 Capital Exp. (TTM) (Millions $) 6

Coastal Financial Corporation
Coastal Financial Corporation is a banking and financial services company headquartered in Everett, Washington, USA. It was founded in 2017 by a group of experienced bankers with a vision to create a community-focused financial institution. The company offers a wide range of financial products and services to individuals, small businesses, and commercial clients across the Pacific Northwest region.

Coastal Financial Corporation is a publicly traded company and is listed on the NASDAQ stock exchange under the ticker symbol "CCB". As of 2021, the company has a market capitalization of around $1.15 billion and operates through its subsidiary, Coastal Community Bank.

The bank offers a variety of personal banking services, including checking and savings accounts, loans, credit cards, and online banking. Coastal Community Bank also offers business banking and lending services, including commercial real estate loans, SBA loans, and lines of credit. In addition, the bank provides treasury management services, merchant services, and cash management solutions to businesses.

The company has a strong focus on community engagement and supports local organizations and initiatives through its Coastal Community Fund. The fund provides grants to non-profit organizations that support affordable housing, economic development, and job creation in the communities where the bank operates.

Coastal Financial Corporation has a network of 14 branches across Washington state, and its customer base ranges from individuals and families to small and mid-sized businesses. The company has a reputation for providing exceptional customer service and has received several awards and recognition for its performance and growth.

In summary, Coastal Financial Corporation is a community-focused financial institution that offers a range of personal and business banking services, with a specific focus on the Pacific Northwest region. The company is committed to engaging with its local community and supporting local initiatives through its Coastal Community Fund.


   Company Address: 5415 Evergreen Way Everett 98203 WA
   Company Phone Number: 257-9000   Stock Exchange / Ticker: NASDAQ CCB
   


   

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Coastal Financial Corporation

Coastal Financial Corporation Bucks Trend with Revenue Increase, Earnings Plummet

Coastal Financial Corporation, a Regional Banks company, recently reported its financial results for the quarter ending December 31, 2023. While the company saw a slight increase in revenue of 1.461%, it also experienced a significant decrease in income of -26.98% compared to the same quarter a year prior. Despite the revenue gain, earnings per share (EPS) also fell to $0.65.
The behavior of Coastal Financial Corporation, as a Regional Banks company, has come as a surprise to many industry analysts. While other companies in the Regional Banks sector saw an average reduction in business of -8.12%, Coastal Financial Corporation managed to achieve a revenue increase. However, this was not enough to offset the significant decline in income.

Coastal Financial Corporation

Coastal Financial Corporation Reports Decreasing Earnings Amidst Strong Revenue Growth for Fiscal Year Ending September 30, 2023



In the fiscal year ending September 30, 2023, Coastal Financial Corporation, a regional bank company, released its financial results. While the company witnessed a positive growth in revenue, profitability took a hit during this period. This article aims to analyze the facts and figures of Coastal Financial Corporation's financial results and provide an interpretation of the numbers.
Key Facts:
1. Revenue Growth: Coastal Financial Corporation reported a 6.758% increase in revenue, amounting to $69.56 million, compared to $65.15 million in the previous year. This growth outperformed the modest 0.27% revenue growth achieved by its counterparts in the regional banking sector.

Coastal Financial Corporation

Impressive Financial Performance and Revenue Surge by Coastal Financial Corporation Signals Healthy Growth Amid Fiscal Q3 Ending June 30, 2023

As a stock market journalist, I have been closely following the financial results of Coastal Financial Corporation (CCB). The company's profits for the financial interval closing June 30, 2023, showed an impressive increase of 25% to $0.95 per share compared to $0.76 per share a year ago. Additionally, the company experienced a 4.4% improvement in income from the previous quarter, with earnings reaching $0.91 per share.
The most significant highlight of CCB's financial results is the remarkable revenue growth. The company's revenue surged by an impressive 33.944%, reaching $68.69 million in the second quarter of 2023, compared to $51.28 million in the corresponding quarter a year ago. Moreover, sequentially, there was an advance of 14.294% from the previous quarter's revenue of $60.10 million. This substantial growth in revenue outpaced most of the company's peers in the Regional Banks sector, who experienced an average business growth of 11.47% in the second quarter of 2023 compared to the same quarter in 2022.

Coastal Financial Corporation

Coastal Financial Corporation Soars to New Heights with Explosive Revenue Growth of 56.873% in Latest Fiscal Period

Coastal Financial Corporation (CCB) has reported a very strong financial performance in its most recent fiscal period. In this period, the company recorded a significant increase in revenue, surging by 56.873% to $60.10 million. This was a significant improvement from the same reporting period a year prior. Additionally, CCB's income per share skyrocketed by 97.83% to $0.91 per share.
However, in the fourth quarter of the same financial period, revenue decreased by -4.064% from $62.65 million, while income improved by 1.88% from $0.89 per share. Nonetheless, the company still managed to record a net profit of $12.391 million in the financial first quarter of 2023. This represented a significant increase of 98.89% from net earnings of $6.230 million reported in the financial first quarter of 2023 a year ago.






 

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