image
Financial Services - Banks - Regional - NASDAQ - US
$ 73.32
0.0273 %
$ 993 M
Market Cap
24.69
P/E
1. INTRINSIC VALUE

Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company offers commercial and industrial loans, including term loans, small business administration loans, commercial lines of credit, working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as overdraft protection.[ Read More ]

The intrinsic value of one CCB stock under the base case scenario is HIDDEN Compared to the current market price of 73.3 USD, Coastal Financial Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CCB

image
FINANCIALS
262 M REVENUE
22.62%
57.1 M OPERATING INCOME
-19.55%
44.6 M NET INCOME
9.73%
197 M OPERATING CASH FLOW
192.87%
-599 M INVESTING CASH FLOW
39.37%
543 M FINANCING CASH FLOW
20.82%
105 M REVENUE
-37.23%
16.4 M OPERATING INCOME
9.06%
13.5 M NET INCOME
16.04%
63.4 M OPERATING CASH FLOW
-12.67%
-151 M INVESTING CASH FLOW
16.58%
84.6 M FINANCING CASH FLOW
4.72%
Balance Sheet Decomposition Coastal Financial Corporation
image
Current Assets 1.21 B
Cash & Short-Term Investments 583 M
Receivables 0
Other Current Assets 627 M
Non-Current Assets 192 M
Long-Term Investments 161 M
PP&E 28 M
Other Non-Current Assets 3.81 M
Current Liabilities 3.32 B
Accounts Payable 34.5 M
Short-Term Debt 977 K
Other Current Liabilities 3.28 B
Non-Current Liabilities 3.45 B
Long-Term Debt 52.9 M
Other Non-Current Liabilities 3.4 B
EFFICIENCY
Earnings Waterfall Coastal Financial Corporation
image
Revenue 262 M
Cost Of Revenue 0
Gross Profit 262 M
Operating Expenses 517 K
Operating Income 57.1 M
Other Expenses 12.6 M
Net Income 44.6 M
RATIOS
100.00% GROSS MARGIN
100.00%
21.81% OPERATING MARGIN
21.81%
17.02% NET MARGIN
17.02%
15.11% ROE
15.11%
1.19% ROA
1.19%
12.97% ROIC
12.97%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Coastal Financial Corporation
image
Net Income 44.6 M
Depreciation & Amortization 2.33 M
Capital Expenditures -6.24 M
Stock-Based Compensation 3.69 M
Change in Working Capital -51.4 M
Others 132 M
Free Cash Flow 190 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Coastal Financial Corporation
image
CCB has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Coastal Financial Corporation
image
Sold
0-3 MONTHS
9.65 M USD 3
3-6 MONTHS
540 K USD 1
6-9 MONTHS
7.42 K USD 1
9-12 MONTHS
39.4 K USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 07, 2024
Sell 178 K USD
Sprink Eric M
CEO
- 2518
70.76 USD
1 week ago
Nov 08, 2024
Sell 142 K USD
Sprink Eric M
CEO
- 2000
70.95 USD
3 weeks ago
Oct 22, 2024
Sell 237 K USD
Sprink Eric M
CEO
- 4000
59.33 USD
6 days ago
Nov 11, 2024
Sell 74.2 K USD
Sand Jonathan E
EVP, Chief Credit Officer
- 1000
74.15 USD
1 week ago
Nov 04, 2024
Sell 63.1 K USD
Sprink Eric M
CEO
- 1000
63.11 USD
1 week ago
Nov 05, 2024
Sell 128 K USD
Sprink Eric M
CEO
- 2000
63.76 USD
1 week ago
Nov 06, 2024
Sell 248 K USD
Sprink Eric M
CEO
- 3482
71.14 USD
2 weeks ago
Oct 28, 2024
Sell 253 K USD
Sprink Eric M
CEO
- 4000
63.2 USD
2 weeks ago
Oct 29, 2024
Sell 815 K USD
Sprink Eric M
CEO
- 12690
64.19 USD
2 weeks ago
Oct 30, 2024
Sell 462 K USD
Sprink Eric M
CEO
- 7000
65.93 USD
3 weeks ago
Oct 23, 2024
Sell 222 K USD
Sprink Eric M
CEO
- 3705
60.01 USD
3 weeks ago
Oct 24, 2024
Sell 26.9 K USD
Sprink Eric M
CEO
- 446
60.35 USD
3 weeks ago
Oct 25, 2024
Sell 9.58 K USD
Sprink Eric M
CEO
- 159
60.25 USD
1 month ago
Oct 17, 2024
Sell 179 K USD
Sprink Eric M
CEO
- 3000
59.77 USD
1 month ago
Oct 14, 2024
Sell 173 K USD
Sprink Eric M
CEO
- 3000
57.67 USD
1 month ago
Oct 15, 2024
Sell 171 K USD
Sprink Eric M
CEO
- 2897
58.97 USD
1 month ago
Oct 16, 2024
Sell 59.2 K USD
Sprink Eric M
CEO
- 1000
59.19 USD
1 month ago
Oct 09, 2024
Sell 165 K USD
Sprink Eric M
CEO
- 3000
55 USD
1 month ago
Oct 11, 2024
Sell 281 K USD
Sprink Eric M
CEO
- 5000
56.29 USD
1 month ago
Oct 03, 2024
Sell 260 K USD
Sprink Eric M
CEO
- 5000
52.01 USD
1 month ago
Oct 04, 2024
Sell 106 K USD
Sprink Eric M
CEO
- 2000
52.9 USD
1 month ago
Oct 07, 2024
Sell 319 K USD
Sprink Eric M
CEO
- 6000
53.09 USD
1 month ago
Sep 30, 2024
Sell 217 K USD
Sprink Eric M
CEO
- 4000
54.25 USD
1 month ago
Sep 26, 2024
Sell 158 K USD
Sprink Eric M
CEO
- 3000
52.56 USD
1 month ago
Sep 27, 2024
Sell 266 K USD
Sprink Eric M
CEO
- 5000
53.14 USD
1 month ago
Sep 24, 2024
Sell 51.6 K USD
Sprink Eric M
CEO
- 1000
51.56 USD
1 month ago
Sep 25, 2024
Sell 161 K USD
Sprink Eric M
CEO
- 3103
51.93 USD
1 month ago
Sep 19, 2024
Sell 2.01 M USD
Sprink Eric M
CEO
- 38279
52.58 USD
1 month ago
Sep 19, 2024
Sell 110 K USD
HOVDE STEVEN D
director, 10 percent owner:
- 2050
53.51 USD
1 month ago
Sep 20, 2024
Sell 18.3 K USD
HOVDE STEVEN D
director, 10 percent owner:
- 339
53.89 USD
2 months ago
Sep 17, 2024
Sell 204 K USD
Sprink Eric M
CEO
- 4000
51.05 USD
1 month ago
Sep 18, 2024
Sell 364 K USD
Sprink Eric M
CEO
- 7000
52.02 USD
2 months ago
Sep 13, 2024
Sell 366 K USD
Sprink Eric M
CEO
- 7302
50.13 USD
2 months ago
Sep 16, 2024
Sell 163 K USD
Sprink Eric M
CEO
- 3223
50.44 USD
2 months ago
Sep 11, 2024
Sell 559 K USD
Sprink Eric M
CEO
- 11401
49.04 USD
2 months ago
Sep 12, 2024
Sell 110 K USD
Sprink Eric M
CEO
- 2231
49.2 USD
2 months ago
Aug 29, 2024
Sell 50.5 K USD
HOVDE STEVEN D
director, 10 percent owner:
- 944
53.5 USD
2 months ago
Aug 30, 2024
Sell 83.2 K USD
HOVDE STEVEN D
director, 10 percent owner:
- 1556
53.5 USD
2 months ago
Aug 26, 2024
Sell 107 K USD
HOVDE STEVEN D
director, 10 percent owner:
- 2003
53.26 USD
2 months ago
Aug 28, 2024
Sell 79.3 K USD
HOVDE STEVEN D
director, 10 percent owner:
- 1497
53 USD
5 months ago
May 23, 2024
Sell 46 K USD
EDWARDS JOEL G
Chief Financial Officer
- 1034
44.45 USD
5 months ago
May 24, 2024
Sell 494 K USD
EDWARDS JOEL G
Chief Financial Officer
- 11380
43.41 USD
6 months ago
May 06, 2024
Sell 7.42 K USD
Stines Andrew G
EVP, Chief Risk Officer
- 179
41.47 USD
9 months ago
Feb 05, 2024
Sell 8.7 K USD
Herger Tarah M
EVP, Division Manager
- 229
38 USD
9 months ago
Feb 06, 2024
Sell 647 USD
Herger Tarah M
EVP, Division Manager
- 17
38.08 USD
9 months ago
Feb 05, 2024
Sell 30 K USD
Stines Andrew G
EVP, Chief Risk Officer
- 790
38 USD
1 year ago
Aug 15, 2023
Sell 904 K USD
Sprink Eric M
CEO
- 20000
45.2 USD
1 year ago
Mar 14, 2023
Bought 1.13 M USD
HOVDE STEVEN D
director, 10 percent owner:
+ 30000
37.7146 USD
1 year ago
Mar 14, 2023
Bought 160 K USD
Lane Thomas D
Director
+ 4280
37.3847 USD
1 year ago
Mar 14, 2023
Bought 36.2 K USD
Skotdal Andrew P
Director
+ 1000
36.25 USD
1 year ago
Mar 14, 2023
Bought 38.5 K USD
Skotdal Andrew P
Director
+ 1000
38.5 USD
1 year ago
Mar 14, 2023
Bought 28.9 K USD
Patterson Michael Robert
Director
+ 750
38.59 USD
1 year ago
Mar 13, 2023
Bought 32 K USD
Skotdal Andrew P
Director
+ 1000
32 USD
1 year ago
Feb 27, 2023
Sell 226 K USD
Sprink Eric M
CEO
- 5000
45.24 USD
1 year ago
Jan 11, 2023
Sell 19.3 K USD
Sprink Eric M
CEO
- 429
45.1 USD
1 year ago
Jan 09, 2023
Sell 134 K USD
Sprink Eric M
CEO
- 3000
44.62 USD
1 year ago
Jan 10, 2023
Sell 226 K USD
Sprink Eric M
CEO
- 5000
45.21 USD
1 year ago
Jan 05, 2023
Sell 178 K USD
Sprink Eric M
CEO
- 4000
44.6 USD
1 year ago
Jan 06, 2023
Sell 181 K USD
Sprink Eric M
CEO
- 4000
45.2 USD
1 year ago
Jan 03, 2023
Sell 46.5 K USD
Sprink Eric M
CEO
- 1000
46.49 USD
1 year ago
Jan 04, 2023
Sell 45.6 K USD
Sprink Eric M
CEO
- 1000
45.64 USD
1 year ago
Dec 29, 2022
Sell 136 K USD
Sprink Eric M
CEO
- 2826
48.15 USD
1 year ago
Dec 27, 2022
Sell 47.8 K USD
Sprink Eric M
CEO
- 1000
47.81 USD
1 year ago
Dec 22, 2022
Sell 238 K USD
Sprink Eric M
CEO
- 5000
47.52 USD
1 year ago
Dec 20, 2022
Sell 150 K USD
Sprink Eric M
CEO
- 3161
47.38 USD
1 year ago
Dec 21, 2022
Sell 283 K USD
Sprink Eric M
CEO
- 5884
48.05 USD
1 year ago
Dec 16, 2022
Sell 239 K USD
Sprink Eric M
CEO
- 5000
47.79 USD
1 year ago
Dec 19, 2022
Sell 143 K USD
Sprink Eric M
CEO
- 3000
47.6 USD
1 year ago
Dec 14, 2022
Sell 360 K USD
Sprink Eric M
CEO
- 7192
50.12 USD
1 year ago
Dec 15, 2022
Sell 145 K USD
Sprink Eric M
CEO
- 3000
48.31 USD
1 year ago
Dec 12, 2022
Sell 309 K USD
Sprink Eric M
CEO
- 6000
51.45 USD
1 year ago
Dec 13, 2022
Sell 331 K USD
Sprink Eric M
CEO
- 6508
50.83 USD
1 year ago
Dec 12, 2022
Sell 309 K USD
Sprink Eric M
CEO
- 6000
51.45 USD
1 year ago
Dec 13, 2022
Sell 331 K USD
Sprink Eric M
CEO
- 6508
50.83 USD
1 year ago
Dec 12, 2022
Sell 49.1 K USD
Skotdal Andrew P
Director
- 942
52.11 USD
1 year ago
Dec 13, 2022
Sell 149 K USD
Skotdal Andrew P
Director
- 2874
52 USD
1 year ago
Nov 23, 2022
Sell 556 K USD
Sprink Eric M
CEO
- 11407
48.77 USD
1 year ago
Nov 22, 2022
Sell 154 K USD
Sprink Eric M
CEO
- 3143
48.94 USD
1 year ago
Nov 21, 2022
Sell 216 K USD
Sprink Eric M
CEO
- 4516
47.75 USD
1 year ago
Nov 21, 2022
Sell 153 K USD
Sprink Eric M
CEO
- 3194
47.93 USD
1 year ago
Nov 22, 2022
Sell 38.8 K USD
DICKSON JOHN J
Chief Operating Officer
- 800
48.5 USD
1 year ago
Nov 22, 2022
Sell 38.3 K USD
DICKSON JOHN J
Chief Operating Officer
- 793
48.25 USD
2 years ago
Nov 15, 2022
Sell 43.4 K USD
DICKSON JOHN J
Chief Operating Officer
- 890
48.76 USD
2 years ago
Aug 03, 2022
Sell 149 K USD
Keithley Russ A
Chief Banking Officer
- 3647
40.87 USD
2 years ago
May 09, 2022
Bought 50.7 K USD
Lane Thomas D
director:
+ 1285
39.42 USD
2 years ago
Apr 29, 2022
Bought 49.8 K USD
Lane Thomas D
director:
+ 1192
41.8126 USD
2 years ago
Apr 29, 2022
Bought 20.1 K USD
Skotdal Andrew P
director:
+ 482
41.6888 USD
2 years ago
Dec 17, 2021
Bought 300 K USD
Lane Thomas D
Director
+ 7407
40.5 USD
2 years ago
Dec 17, 2021
Bought 1 M USD
Skotdal Andrew P
Director
+ 24691
40.5 USD
2 years ago
Dec 17, 2021
Bought 20.2 K USD
Patterson Michael Robert
Director
+ 500
40.5 USD
3 years ago
Oct 29, 2021
Sell 37.4 K USD
DICKSON JOHN J
Chief Operations Officer
- 1000
37.4 USD
3 years ago
Oct 29, 2021
Sell 15 K USD
DICKSON JOHN J
Chief Operations Officer
- 400
37.5 USD
3 years ago
Oct 29, 2021
Sell 15 K USD
DICKSON JOHN J
Chief Operations Officer
- 400
37.55 USD
3 years ago
Oct 29, 2021
Sell 22.6 K USD
DICKSON JOHN J
Chief Operations Officer
- 600
37.75 USD
3 years ago
Oct 29, 2021
Sell 38 K USD
DICKSON JOHN J
Chief Operations Officer
- 1000
38 USD
3 years ago
Sep 10, 2021
Sell 369 K USD
Dale Andrew R
- 12500
29.5 USD
3 years ago
Dec 28, 2020
Sell 101 K USD
Sprink Eric M
President & CEO
- 4691
21.61 USD
3 years ago
Dec 07, 2020
Sell 75.8 K USD
Skotdal Andrew P
Director
- 3835
19.7528 USD
3 years ago
Dec 04, 2020
Sell 31.5 K USD
Skotdal Andrew P
Director
- 1596
19.7539 USD
3 years ago
Dec 02, 2020
Sell 367 K USD
Skotdal Andrew P
Director
- 18560
19.7967 USD
3 years ago
Dec 03, 2020
Sell 51.5 K USD
Skotdal Andrew P
Director
- 2600
19.7998 USD
3 years ago
Nov 27, 2020
Sell 9.21 K USD
Skotdal Andrew P
Director
- 466
19.7535 USD
3 years ago
Dec 01, 2020
Sell 13.8 K USD
Skotdal Andrew P
Director
- 700
19.7769 USD
3 years ago
Nov 27, 2020
Bought 4.79 K USD
Skotdal Andrew P
Director
+ 240
19.9442 USD
4 years ago
Aug 11, 2020
Bought 237 K USD
Lane Thomas D
Director
+ 17000
13.93 USD
4 years ago
Mar 05, 2020
Bought 26 K USD
Skotdal Andrew P
Director
+ 1628
15.9523 USD
4 years ago
Mar 05, 2020
Bought 26 K USD
Skotdal Andrew P
Director
+ 1633
15.9519 USD
4 years ago
Mar 03, 2020
Bought 5.95 K USD
Skotdal Andrew P
Director
+ 372
16 USD
4 years ago
Mar 03, 2020
Bought 5.87 K USD
Skotdal Andrew P
Director
+ 367
16 USD
5 years ago
Nov 05, 2019
Bought 24.9 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 1600
15.56 USD
5 years ago
Aug 20, 2019
Bought 1.06 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 72
14.79 USD
5 years ago
Aug 20, 2019
Bought 1.45 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 98
14.76 USD
5 years ago
Aug 20, 2019
Bought 8.99 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 608
14.78 USD
5 years ago
Aug 20, 2019
Bought 25.5 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 1722
14.8 USD
5 years ago
Aug 15, 2019
Bought 2.94 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 200
14.7249 USD
5 years ago
Aug 15, 2019
Bought 11.8 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 800
14.7248 USD
5 years ago
May 23, 2019
Bought 7.88 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 500
15.75 USD
5 years ago
May 23, 2019
Bought 7.92 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 500
15.85 USD
5 years ago
Mar 12, 2019
Bought 8.5 K USD
Lee Daniel J
EVP & Chief Credit & Risk Off.
+ 500
17 USD
6 years ago
Nov 14, 2018
Bought 15.7 K USD
Haugen John M Jr
Director
+ 1000
15.6542 USD
6 years ago
Nov 14, 2018
Bought 17 K USD
Haugen John M Jr
Director
+ 1100
15.475 USD
6 years ago
Sep 05, 2018
Bought 33.5 K USD
Skotdal Andrew P
Director
+ 2000
16.75 USD
6 years ago
Jul 18, 2018
Bought 20.3 K USD
Tisdel Gregory A
Director
+ 1400
14.5 USD
6 years ago
Jul 18, 2018
Bought 1.16 M USD
Skotdal Andrew P
Director
+ 80000
14.5 USD
6 years ago
Jul 18, 2018
Bought 102 K USD
Lane Thomas D
Director
+ 7000
14.5 USD
6 years ago
Jul 18, 2018
Bought 72.5 K USD
Adams Christopher D
Director
+ 5000
14.5 USD
6 years ago
Jul 18, 2018
Sell 10.2 M USD
Thompson Jack T
Director
- 700000
14.5 USD
7. News
5 Low-Leverage Stocks to Buy Amid the Focus on Inflation Data The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You can buy JHG, CCB, NVS, APOG and IDCC. zacks.com - 3 days ago
Are Investors Undervaluing Coastal Financial (CCB) Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 1 week ago
3 Reasons Why Growth Investors Shouldn't Overlook Coastal Financial (CCB) Coastal Financial (CCB) is well positioned to outperform the market, as it exhibits above-average growth in financials. zacks.com - 2 weeks ago
5 Low-Leverage Stocks to Buy Ahead of Big Tech Earnings Releases The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy RMD, CCB, KEX, APOG and LMB. zacks.com - 2 weeks ago
Coastal Financial Corporation (CCB) Beats Q3 Earnings Estimates Coastal Financial Corporation (CCB) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.75 per share a year ago. zacks.com - 2 weeks ago
Coastal Financial Corporation Announces Third Quarter 2024 Results EVERETT, Wash., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”, "Coastal", "we", "our", or "us"), the holding company for Coastal Community Bank (the “Bank”), through which it operates a community-focused bank with an industry leading banking as a service ("BaaS") segment, today reported unaudited financial results for the quarter ended September 30, 2024, including net income of $13.5 million, or $0.97 per diluted common share, compared to $11.6 million, or $0.84 per diluted common share, for the three months ended June 30, 2024. globenewswire.com - 2 weeks ago
5 Best PEG-Driven Value Stocks to Boost Your Portfolio Returns Here are five value stocks based on discounted PEG that fit our screening criteria, LRN, VIRT, TRV, CCB and GFI. zacks.com - 3 weeks ago
Is Coastal Financial (CCB) Outperforming Other Finance Stocks This Year? Here is how Coastal Financial Corporation (CCB) and Gladstone Commercial (GOOD) have performed compared to their sector so far this year. zacks.com - 3 weeks ago
Is Coastal Financial (CCB) Stock Undervalued Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 3 weeks ago
3 Bank Stocks Exhibiting Superb Earnings Growth Coastal Financial, Esquire Financial Holdings, and Mercantile Bank from the Banks &Thrifts industry showcase solid earnings growth. zacks.com - 1 month ago
Coastal Community Bank Appoints President of CCBX Division EVERETT, Wash., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Coastal Financial Corporation (Nasdaq: CCB) (the “Company”), and its subsidiary, Coastal Community Bank (the “Bank”), announced that its role of President of the Bank is to be bifurcated to accommodate the Bank's growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company's Board of Directors. In connection with the reorganization of the role of the President, the Bank also announced that Curt Queyrouze, the President of the Company and the Bank, will serve as President of the community bank division and will be responsible for leading the community bank and corporate credit. globenewswire.com - 1 month ago
Is Coastal Financial (CCB) a Great Value Stock Right Now? Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. zacks.com - 1 month ago
8. Profile Summary

Coastal Financial Corporation CCB

image
COUNTRY US
INDUSTRY Banks - Regional
MARKET CAP $ 993 M
Dividend Yield 0.00%
Description Coastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company offers commercial and industrial loans, including term loans, small business administration loans, commercial lines of credit, working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as overdraft protection. It also provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services, as well as debit cards. In addition, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as banking as a service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their clients banking services. It operates 14 full-service banking locations. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.
Contact 5415 Evergreen Way, Everett, WA, 98203-3646 https://www.coastalbank.com
IPO Date July 19, 2018
Employees 507
Officers Mr. Curt T. Queyrouze President Mr. Eric M. Sprink Chief Executive Officer & Director Mr. Michael E. Culp Executive Vice President & Chief Revenue Officer Mr. Russell A. Keithley Executive Vice President & Chief Banking Officer Mr. Brian L. Ferrell Executive Vice President & Head of Financial Crimes Compliance Mr. Bill Rhodes Executive Vice President & Chief Audit Executive Ms. Erika Heer Executive Vice President & Chief Human Resources Officer Mr. Jonathan E. Sand Executive Vice President & Chief Credit Officer Mr. Andrew G. Stines Executive Vice President & Chief Risk Officer Mr. Joel G. Edwards Executive Vice President, Chief Financial Officer & Corporate Secretary