New Risk • May 11
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$118k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Significant insider selling over the past 3 months (US$118k sold). Recent Insider Transactions • May 07
CFO & COO recently sold US$118k worth of stock On the 6th of May, Anthony Valduga sold around 5k shares on-market at roughly US$25.84 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Anthony has been a net seller over the last 12 months, reducing personal holdings by US$86k. Announcement • May 04
CoastalSouth Bancshares, Inc. (NYSE:COSO) announces an Equity Buyback for $15 million worth of its shares. CoastalSouth Bancshares, Inc. (NYSE:COSO) announces a share repurchase program. Under the program, the company will repurchase up to $15 million worth of its shares. The program will be valid till April 30, 2027. Recent Insider Transactions Derivative • Apr 30
President exercised options and sold US$129k worth of stock On the 27th of April, Stephen Stone exercised options to acquire 5k shares at no cost and sold these for an average price of US$25.59 per share. This trade did not impact their existing holding. For the year to December 2024, Stephen's total compensation was 44% salary and 56% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2025, Stephen's direct individual holding has increased from 125.02k shares to 125.22k. Company insiders have collectively bought US$3.2m more than they sold, via options and on-market transactions, in the last 12 months. Price Target Changed • Apr 23
Price target increased by 7.3% to US$29.50 Up from US$27.50, the current price target is an average from 2 analysts. New target price is 16% above last closing price of US$25.51. Stock is up 27% over the past year. The company is forecast to post earnings per share of US$2.22 for next year compared to US$2.24 last year. Reported Earnings • Apr 21
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: US$0.53 (up from US$0.49 in 1Q 2025). Revenue: US$21.3m (up 18% from 1Q 2025). Net income: US$6.33m (up 25% from 1Q 2025). Profit margin: 30% (up from 28% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 6.4%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Mar 16
CoastalSouth Bancshares, Inc., Annual General Meeting, Apr 23, 2026 CoastalSouth Bancshares, Inc., Annual General Meeting, Apr 23, 2026. Location: coastalsouth bancshares, inc. headquarters, located at 400 ga leria pkwy, suite 1900, georgia, 30339, atlanta Canada Reported Earnings • Mar 15
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$2.24 (up from US$2.15 in FY 2024). Revenue: US$78.8m (up 14% from FY 2024). Net income: US$24.9m (up 14% from FY 2024). Profit margin: 32% (in line with FY 2024). Net interest margin (NIM): 3.51% (up from 3.29% in FY 2024). Non-performing loans: 1.13% (up from 1.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Price Target Changed • Feb 05
Price target increased by 7.5% to US$28.50 Up from US$26.50, the current price target is an average from 2 analysts. New target price is 13% above last closing price of US$25.22. Stock is up 20% over the past year. The company is forecast to post earnings per share of US$2.31 for next year compared to US$2.24 last year. Announcement • Jan 23
CoastalSouth Bancshares, Inc. Announces Quarterly Cash Dividend on Common Stock, Payable on February 26, 2026 CoastalSouth Bancshares, Inc. reported that its Board of Directors approved a quarterly cash dividend of $0.05 per share on the Company’s common stock. The dividend is payable on February 26, 2026 to shareholders of record as of February 12, 2026. Reported Earnings • Jan 21
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$2.08. Revenue: US$78.8m (up 14% from FY 2024). Net income: US$24.9m (up 14% from FY 2024). Profit margin: 32% (in line with FY 2024). Net interest margin (NIM): 3.51% (up from 3.29% in FY 2024). Cost-to-income ratio: 58.1% (up from 57.4% in FY 2024). Non-performing loans: 1.13% (up from 1.06% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Announcement • Nov 20
CoastalSouth Bancshares, Inc. Announces Resignation of Boris Gutin as Board of Directors, Effective November 19, 2025 On November 18, 2025, Mr. Boris Gutin notified the Board of Directors of CoastalSouth Bancshares, Inc. that he is resigning from the Board of Directors, effective November 19, 2025. Mr. Gutin was originally designated to the Board by GCP Capital Partners and its related funds, an investor in the Company's recapitalization in 2017. In connection with the Company’s recent initial public offering, and consistent with GCP's customary practice of not having representatives serve on the boards of public companies, Mr. Gutin determined that it was an appropriate time to step down. Reported Earnings • Oct 21
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: US$0.66 (down from US$0.77 in 3Q 2024). Revenue: US$20.6m (down 1.5% from 3Q 2024). Net income: US$6.74m (down 14% from 3Q 2024). Profit margin: 33% (down from 38% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 5.3%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 21
CoastalSouth Bancshares, Inc. Reports Unaudited Net Charge-Offs Results for the Third Quarter Ended September 30, 2025 CoastalSouth Bancshares, Inc. reported unaudited net charge-offs results for the third quarter ended September 30, 2025. For the quarter, the company reported total net charge-offs of $125 million against $86 million a year ago. Announcement • Sep 09
Coastal States Bank Appoints Laura Fraser as Lowcountry Market President Coastal States Bank has announced the promotion of Laura Fraser to Lowcountry Market President. Laura brings more than 15 years of commercial banking experience to her new role, previously serving as CSB’s Regional Credit Officer for its Savannah and Lowcountry markets. With her background in credit administration, commercial lending, and portfolio management, Laura will now lead the bank’s commercial banking teams in Hilton Head Island, Bluffton, and Beaufort, providing strategic guidance to foster and grow business relationships in the Lowcountry with customized banking and lending solutions. As Lowcountry Market President, Laura will focus on expanding the bank’s presence and continuing to deliver the high-touch, community banking experience CSB is known for. Her leadership will strengthen CSB’s ability to serve its local business communities and provide clients with solutions that reflect the unique banking and lending needs of the Lowcountry. Reported Earnings • Jul 29
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: US$0.58 (up from US$0.57 in 2Q 2024). Revenue: US$19.1m (up 5.5% from 2Q 2024). Net income: US$5.97m (up 1.3% from 2Q 2024). Profit margin: 31% (down from 33% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.6%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Recent Insider Transactions • Jul 08
Independent Director recently bought US$430k worth of stock On the 2nd of July, James Richardson bought around 20k shares on-market at roughly US$21.50 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$1.2m more in shares than they have sold in the last 12 months. New Risk • Jul 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Jul 02
CoastalSouth Bancshares, Inc. has completed an IPO in the amount of $43.7525 million. CoastalSouth Bancshares, Inc. has completed an IPO in the amount of $43.7525 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,035,000
Price\Range: $21.5
Discount Per Security: $1.49
Transaction Features: Reserved Share Offering; Sponsor Backed Offering Announcement • Jun 07
CoastalSouth Bancshares, Inc. has filed an IPO in the amount of $80 million. CoastalSouth Bancshares, Inc. has filed an IPO in the amount of $80 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: Reserved Share Offering; Sponsor Backed Offering Announcement • Mar 20
Coastalsouth Bancshares, Inc. and Coastal States Bank Announce Changes to Boards of Directors CoastalSouth Bancshares, Inc. and its wholly-owned subsidiary, Coastal States Bank ("CSB"), announced that Mr. Ping Lee, PhD is stepping down as a member of their Boards of Directors. Mr. Lee has served as a director since COSO's acquisition of Cornerstone Bancshares, Inc. in 2021. Mr. Lee will continue to function as a Board Observer going forward. The Boards of Directors of COSO and CSB also announced that Mr. John G. Aldridge, Jr. ("Gee") has been appointed to serve as a member of both Boards of Directors. Mr. Aldridge is the founder and managing partner of Aldridge | Pite, LLP ("A|P"). A|P is a multi-state law firm, located in 16 states, focusing on the representation of banks, financial institutions, mortgage servicing concerns and institutional investors with respect to all facets of the commercial and residential real estate life cycle. In addition to running the day-to-day operations of A|P, Mr. Aldridge is also the Senior Partner at Aldridge | Pite | Haan, LLP ("A|P|H"). A|P|H is a multi-state collections law firm, located in 12 states, with a primary emphasis on consumer and commercial collections. A|P|H provides representation to national and regional banks, automobile financing lenders, hospitals, medical service providers and debt buyers, along with other lenders and financial institutions. Professionally, Mr. Aldridge has founded, owned, operated and sold numerous companies involved in the real estate industry, including title companies, trustee companies, service of process companies, technology (as a service) companies and technology and business process consulting companies. He currently sits on the Board of Directors of Altisource Portfolio Solutions S.A. and Atlantic Title & Escrow – a Private Equity run title company out of the northeast, helping them to strategically expand their operations and grow their enterprise. Mr. Aldridge received his B.A. from the University of North Carolina at Chapel Hill and his J.D. from Emory University School of Law, and he is admitted to the State Bar of Georgia. Announcement • Sep 10
CoastalSouth Bancshares, Inc. announced that it has received $15 million in funding CoastalSouth Bancshares, Inc. (OTCPK:COSO) announced private placement of 5.95% fixed-to-floating rate subordinated notes due 2030 for gross proceeds of $15,000,000 on September 9, 2020. The notes have been structured to qualify as tier 2 capital for regulatory capital purposes. The notes are unsecured and have a ten-year term, maturing September 15, 2030, and will bear interest at a fixed annual rate of 5.95%, payable semi-annually in arrears, for the first five years of the term and the interest rate will reset quarterly to an interest rate per annum equal to the then current three-month Secured Overnight Financing Rate plus a spread of 582 basis points, payable quarterly in arrears, provided, however, that, in the event the three-month SOFR is less than zero, the three-month SOFR shall be deemed to be zero. The company may redeem the notes, in whole or in part, on any interest payment date on or after September 15, 2025, and to redeem the notes at any time in whole upon certain other specified events. 