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Coastal Financial Corporation (CCB) |
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Price: $43.6500
$0.13 
0.299%
|
| Day's High:
| $43.7
| Week Perf:
| 0.21 %
|
| Day's Low: |
$ 43.36 |
30 Day Perf: |
-1.33 % |
| Volume (M): |
25 |
52 Wk High: |
$ 54.53 |
| Volume (M$): |
$ 1,083 |
52 Wk Avg: |
$42.09 |
| Open: |
$43.53 |
52 Wk Low: |
$29.91 |
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| Market Capitalization (Millions $) |
594 |
| Shares
Outstanding (Millions) |
14 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
257 |
| Net Income (TTM) (Millions $) |
50 |
| Cash Flow (TTM) (Millions $) |
-564 |
| Capital Exp. (TTM) (Millions $) |
2 |
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
| CCB is expected to report next financial results on November 07, 2023. |
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| Stock Performances by Major Competitors |
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Southern Missouri Bancorp Inc
Southern Missouri Bancorp Inc, a regional banking company, recently announced its financial results for the period ending June 30, 2023. Despite a decrease in income per share, the company experienced a significant increase in revenue. Additionally, the company reported an increase in net earnings compared to the same period last year.
During the fourth quarter of 2022, Southern Missouri Bancorp Inc earned $1.39 in earnings per share (EPS). However, this figure fell to $1.18 per share in the corresponding period this year. Despite the decrease in earnings, the company's revenue rose by an impressive 30.45% during this time. This positive growth in revenue outperformed other companies in the regional banks industry, which only experienced a 14.76% increase in business.
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Greene County Bancorp Inc
Greene County Bancorp Inc, a regional bank, recently reported its financial results for the fourth quarter of 2023 earnings season. The earnings season revealed a significant deterioration in earnings per share (EPS) and a slight decrease in revenue, in contrast to the industry as a whole. This article explores the key findings and delves into the company's profitability, operating margin, and future outlook.
Earnings Analysis
Greene County Bancorp Inc experienced an 81.02% decline in EPS to $0.15 and a 0.48% decrease in revenue to $17.20 million in the fourth quarter of 2023 earnings season, compared to the same period in the previous year. These declines in revenue were noteworthy when compared to the overall positive performance of the Regional Banks industry during the same period.
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William Penn Bancorporation
In the fourth quarter of 2023 earnings season, William Penn Bancorporation, a regional bank, reported disappointing financial results. The company disclosed a soft top and bottom-line, with earnings per share dropping by 39.84% and revenue declining by 11.358% year on year.
The company's revenue in the fourth quarter of 2023 was $5.85 million, down from $6.60 million in the same period a year before. Additionally, earnings per share decreased to $0.05 from $0.08 in the previous year. These figures indicate a decline in the company's financial performance.
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C And F Financial Corporation
CFFI, or C And F Financial Corporation, recently released its financial results for the April to June 30, 2023, period. While the company experienced a growth in revenue, its earnings per share (EPS) decreased compared to the previous year.
In terms of revenue, CFFI saw a 9.523% increase, reaching $30.41 million, compared to $27.76 million in the previous year. However, the company's income decreased by 3.66% to $1.84 per share, compared to $1.91 in the prior year reporting period.
Although CFFI's business growth was below that of its Regional Banks industry peers, it still experienced an average 14.81% relative advance compared to the same period the year before. When comparing the current reporting period to the previous one, EPS decreased by 1.08% from $1.86 per share, while revenue grew by 0.188% from $30.35 million.
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Bankwell Financial Group Inc
As a seasoned financial analyst, I am closely monitoring the latest financial reports of Bankwell Financial Group Inc in the fiscal second quarter of 2023. Unfortunately, the report unveils softer top and bottom-line performance, with earnings per share falling by -34.19% and revenue declining by -13.653% year on year. These results are indicative of challenges that the company faces in today's dynamic market environment.
Revenue and EPS Decline:
The fiscal second quarter of 2023 portrayed a disappointing picture, with revenue dropping from $26.42 million to $22.81 million, marking a -13.653% decline compared to the previous year. Similarly, the earnings per share (EPS) plummeted from $1.55 to $1.02, signifying a significant -34.19% decrease from the same interval a year before. These figures are certainly concerning for both existing shareholders and prospective investors.
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| Per Share |
Current |
| Earnings (TTM) |
3.57 $ |
| Revenues (TTM) |
18.87 $
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| Cash Flow (TTM) |
- |
| Cash |
2.19 $
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| Book Value |
20.05 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
3.57 $
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| Revenues (TTM) |
18.87 $ |
| Cash Flow (TTM) |
- |
| Cash |
2.19 $
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| Book Value |
20.05 $ |
| Dividend (TTM) |
0 $ |
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