Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An announcement from Coastal Financial ( (CCB) ) is now available.
Coastal Financial Corporation reported its fourth-quarter 2024 financial results, highlighting significant achievements and challenges. The company completed a $98 million capital equity raise and showed a core net revenue growth of 4.8% from the previous quarter. Despite a decrease in overall revenue by 5.9% compared to the last quarter, the company retained its portion of fee income on sold credit card loans and signed letters of intent for new agreements. Coastal Financial sold $845.5 million in loans and saw a decrease in deposits. The company’s diluted EPS was $0.94, with a net income of $13.4 million, slightly down from the previous quarter but up compared to the same quarter last year. The focus remains on high-quality CCBX loans with lower yields and potential losses.
More about Coastal Financial
YTD Price Performance: -0.72%
Average Trading Volume: 112,750
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.26B
Learn more about CCB stock on TipRanks’ Stock Analysis page.
