CoastalSouth reports Q1 EPS 51c vs 55c last year

Commenting on the company’s results, President and Chief Executive Officer, Stephen R. Stone stated, “We started strong in 2026 by growing $117.9 million in core deposits during the first quarter. Our core deposit growth has allowed us to reduce alternative funding sources and will provide liquidity for continued loan growth. We were pleased to see core deposit growth across all of our markets. We also produced $166.7 million in loans held for investment in the first quarter and our loan pipeline continued to grow, particularly with the addition of new commercial bankers across the franchise.”