New Risk • Jun 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • May 02
Coastal Financial Corporation Reports Charge Offs for the First Quarter Ended March 31, 2026 Coastal Financial Corporation reported charge offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $49,587,000 compared to $48,200,000 a year ago. Announcement • Apr 14
Coastal Financial Corporation, Annual General Meeting, May 27, 2026 Coastal Financial Corporation, Annual General Meeting, May 27, 2026. Location: register at, United States Announcement • Oct 03
Coastal Financial Corporation Announces Resignation of Andrew Stines as Executive Vice President and Chief Risk Officer, Effective October 1, 2025 On September 29, 2025, Andrew Stines resigned as Executive Vice President and Chief Risk Officer of Coastal Financial Corporation (the “Company"), effective October 1, 2025, in order to pursue other professional opportunities. Mr. Stine’s resignation is not the result of any disagreement with Coastal or its Board of Directors. Announcement • Aug 13
Coastal Financial Corporation and Coastal Community Bank Expands Executive Team with Key Leadership Appointments Coastal Financial Corporation and its subsidiary, Coastal Community Bank announced the appointment of four new members to its executive leadership team to support the Company’s continued growth across its digital banking and community-focused initiatives. Ryan Hall has joined as Chief Product Officer, Michael Costigan has been appointed Chief Commercial Officer, Freddy Rivas has joined as Chief Credit Officer and Chris Morgan has been named Chief Information Security Officer. Each executive brings deep industry experience and a strong track record of leadership in financial services, technology, and risk management. Mr. Hall brings a background in product strategy and innovation, having most recently served as Head of Product, Engineering, and Design at SoFi Bank. There, he led the development of core consumer banking products and helped launch the bank’s platform services. He previously worked with The Boston Consulting Group’s Digital Ventures arm, building fintech businesses and advising global banks on transformation strategy. Mr. Costigan joins Coastal from OnePay, a Walmart and Ribbit Capital joint venture, where he served as Vice President of Business Development. At OnePay, he led the company’s $40 million Series B raise, scaled customer growth channels, and negotiated critical agreements across payments, card networks, and new product partnerships. Mr. Rivas brings over two decades of commercial banking and credit leadership experience, most recently as Chief Risk Officer at Santander for consumer and business banking. Prior to that he held various leadership roles at BBVA and Citi where he led credit policy development, managed complex loan portfolios, and built high-performing risk and underwriting teams to support sustained portfolio growth. Mr. Morgan most recently served as Chief Information Security Officer at Even Responsible Finance and OnePay, where he scaled the security function from a team of two to 25 and implemented robust governance programs to support rapid product growth across national channels. Prior to that, he held multiple roles at the Federal Reserve System, where he helped define and implement national security programs and analytics initiatives. Announcement • Jul 29
Coastal Financial Corporation Announces Net Charge-Offs for the Second Quarter Ended June 30, 2025 Coastal Financial Corporation announced Net charge-offs for the second quarter ended June 30, 2025. Net charge-offs totaled $49.3 million for the quarter ended June 30, 2025, compared to $48.2 million for the quarter ended March 31, 2025 and $53.0 million for the quarter ended June 30, 2024. Announcement • Apr 30
Coastal Financial Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2025 Coastal Financial Corporation reported net charge-offs for the first quarter ended March 31, 2025. Net charge-offs totaled $48.2 million for the quarter ended March 31, 2025, compared to $57.0 million for the quarter ended March 31, 2024. Announcement • Apr 09
Coastal Financial Corporation, Annual General Meeting, May 28, 2025 Coastal Financial Corporation, Annual General Meeting, May 28, 2025. Announcement • Jan 29
Coastal Financial Corporation Reports Net Charge-Offs Results for the Fourth Quarter Ended December 31, 2024 Coastal Financial Corporation reported net charge-offs results for the fourth quarter ended December 31, 2024. For the quarter, the company reported net charge-offs totaled $55.9 million compared to $44.9 million a year ago. Announcement • Dec 12
Coastal Financial Corporation has completed a Follow-on Equity Offering in the amount of $85.2 million. Coastal Financial Corporation has completed a Follow-on Equity Offering in the amount of $85.2 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: $71
Discount Per Security: $3.55 Announcement • Dec 11
Coastal Financial Corporation has filed a Follow-on Equity Offering. Coastal Financial Corporation has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. President of CCBX Division & Director Brian Hamilton was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$1.00 (vs US$0.77 in 3Q 2023) Third quarter 2024 results: EPS: US$1.00 (up from US$0.77 in 3Q 2023). Revenue: US$82.0m (up 18% from 3Q 2023). Net income: US$13.5m (up 31% from 3Q 2023). Profit margin: 16% (up from 15% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 08
Coastal Financial Corporation Appoints Brian Hamilton as President of CCBX Division Coastal Financial Corporation has announced that Brian Hamilton has been appointed as president of CCBX division, the bank's FinTech and banking-as-a-service (BaaS) arm. As part of a reorganisation of the company's leadership structure, the role of president has been bifurcated, with Hamilton leading CCBX, while Curt Queyrouze, president of the company and the bank, will oversee the community bank division and corporate credit. Hamilton, who has over 25 years of experience in financial technology and banking, has held senior leadership roles at Capital One, Wells Fargo, and Verifone. He also founded and operated multiple fintech companies, including ONE and Azlo, a digital bank for small businesses. Recent Insider Transactions • Sep 25
Independent Director recently sold €115k worth of stock On the 20th of September, Steven Hovde sold around 2k shares on-market at roughly €48.09 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €167k. Insiders have been net sellers, collectively disposing of €944k more than they bought in the last 12 months. Recent Insider Transactions • Aug 29
Independent Director recently sold €167k worth of stock On the 28th of August, Steven Hovde sold around 4k shares on-market at roughly €47.76 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €708k more than they bought in the last 12 months. Reported Earnings • Jul 30
Second quarter 2024 earnings released: EPS: US$0.86 (vs US$0.97 in 2Q 2023) Second quarter 2024 results: EPS: US$0.86 (down from US$0.97 in 2Q 2023). Revenue: US$73.8m (up 7.5% from 2Q 2023). Net income: US$11.6m (down 10% from 2Q 2023). Profit margin: 16% (down from 19% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €47.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 97% over the past three years. Recent Insider Transactions • May 27
Executive VP recently sold €497k worth of stock On the 24th of May, Joel Edwards sold around 12k shares on-market at roughly €40.07 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Joel's only on-market trade for the last 12 months. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.94 in 1Q 2023) First quarter 2024 results: EPS: US$0.51 (down from US$0.94 in 1Q 2023). Revenue: US$64.7m (up 7.7% from 1Q 2023). Net income: US$6.80m (down 45% from 1Q 2023). Profit margin: 11% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 48% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Apr 06
Coastal Financial Corporation, Annual General Meeting, May 22, 2024 Coastal Financial Corporation, Annual General Meeting, May 22, 2024, at 18:00 Pacific Standard Time. Agenda: To elect Sadhana Akella-Mishra, Brian T. Hamilton, Eric M. Sprink and Pamela R. Unger as directors to serve for a term of three years until the 2027 annual meeting of shareholders; to consider an advisory (non-binding) vote to approve the compensation paid to our named executive officers; to consider an advisory (non-binding) vote on the frequency of future advisory votes on compensation paid to our named executive officers; and to consider other matters. Reported Earnings • Mar 17
Full year 2023 earnings released: EPS: US$3.36 (vs US$3.14 in FY 2022) Full year 2023 results: EPS: US$3.36 (up from US$3.14 in FY 2022). Revenue: US$261.9m (up 21% from FY 2022). Net income: US$44.6m (up 9.7% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 7.10% (up from 5.97% in FY 2022). Cost-to-income ratio: 45.9% (down from 56.3% in FY 2022). Non-performing loans: 1.77% (up from 1.26% in FY 2022). Revenue is forecast to grow 45% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Coastal Financial Corporation Announces Net Charge Offs for the Quarter Ended December 31, 2023 Coastal Financial Corporation announced net charge offs for the quarter ended December 31, 2023. Net charge-offs in loans were $1.5 million for the three months ended December 31, 2023, compared to $579,000 for the three months ended September 30, 2023 and $216,000 for the three months ended December 31, 2022. Reported Earnings • Jan 31
Full year 2023 earnings released: EPS: US$3.36 (vs US$3.14 in FY 2022) Full year 2023 results: EPS: US$3.36 (up from US$3.14 in FY 2022). Revenue: US$261.9m (up 21% from FY 2022). Net income: US$44.6m (up 9.7% from FY 2022). Profit margin: 17% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 32% per year and the company’s share price has also increased by 32% per year. Announcement • Jan 05
Coastal Financial Corporation Appoints Brian Hamilton to its Board of Directors Coastal Financial Corporation announced that Brian Hamilton has joined its Board of Directors. Mr. Hamilton is a seasoned financial technology executive and business leader, with more than 25 years of experience in the banking, lending, payments, and digital product development industries. A serial entrepreneur, with deep expertise in domestic and international settlement systems and digital platforms, Mr. Hamilton has held senior leadership roles at Capital One, serving as President of their Merchant Services division, Wells Fargo, and Verifone, in addition to founding and operating multiple companies in the fintech space. Most recently Mr. Hamilton was co-founder and CEO of ONE (One Finance Inc.), which was acquired by a Walmart-led joint venture in 2022. Prior to co-founding ONE, he was the founder of Azlo, a digital bank for small businesses, and helped to build out the BBVA Open Platform for sponsor banking services. An honors graduate of Oregon State University, with technical certifications from Wells Fargo’s commercial banking school and various industry groups, Mr. Hamilton has extensive experience across multiple aspects of the finance and technology industries, thought leadership, public speaking, and mergers and acquisitions. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: US$0.77 (vs US$0.86 in 3Q 2022) Third quarter 2023 results: EPS: US$0.77 (down from US$0.86 in 3Q 2022). Revenue: US$69.6m (up 6.8% from 3Q 2022). Net income: US$10.3m (down 7.5% from 3Q 2022). Profit margin: 15% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 28
Coastal Financial Corporation Reports Unaudited Net Charge-Offs for the Quarter Ended September 30, 2023 Coastal Financial Corporation reported unaudited net charge-offs for the quarter ended September 30, 2023. For the quarter, the company reported Net charge-offs totaled $36.8 million as compared to $8.5 million for the quarter ended September 30, 2022. Announcement • Aug 02
Coastal Financial Corporation Announces Management Appointments Coastal Financial Corporation announced that Brian Ferrell has joined the Bank as Executive Vice President, Head of Financial Crimes Compliance, and Bill Rhodes has joined as Executive Vice President, Chief Audit Executive. Brian is a seasoned corporate regulatory and federal government leader with more than 30 years of expertise in the financial services sector. He has deep expertise in the Anti-Money Laundering (AML) rules and regulations relating to the Bank Secrecy Act/USA PATRIOT managing the complex regulatory and compliance demands faced by diversified financial services institutions. A graduate of Creighton University with a B.A., Creighton University School of Law with a Juris Doctorate, and Vermont Law and Graduate School with a master's in environmental law and policy, he held leadership roles at the U.S. Department of the Treasury, The Hartford Financial Services Group, and most recently EY, as Principal, Senior Financial Crimes Compliance Practice Leader. Bill is an executive internal audit leader with more than 20 years of experience spanning both internal and external audit across the Financial Services sector, most recently in scaling the internal audit function of Silicon Valley Bank. Prior to his time at Silicon Valley Bank, Bill worked for PricewaterhouseCoopers, TD Bank Financial Group, and Arthur Andersen. As a graduate of York University with a B.A. in Psychology, University of Windsor with a Bachelor of Commerce with honors, and a Canadian Chartered Accountant, Bill has a track record of leading and transforming the Internal Audit function of rapidly growing financial services institutions. His work includes leading independent assessments on a wide range of topics affecting the financial services industry. Announcement • Jul 28
Coastal Financial Corporation Reports Unaudited Net Charge-Offs Results for the Second Quarter Ended June 30, 2023 Coastal Financial Corporation reported unaudited net charge-offs results for the second quarter ended June 30, 2023. For the quarter, the group reported total net charge-offs of $30,959,000 against $3,506,000 a year ago. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.97 (vs US$0.79 in 2Q 2022) Second quarter 2023 results: EPS: US$0.97 (up from US$0.79 in 2Q 2022). Revenue: US$68.3m (up 33% from 2Q 2022). Net income: US$12.9m (up 27% from 2Q 2022). Profit margin: 19% (in line with 2Q 2022). Revenue is forecast to grow 57% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €37.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 191% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released: EPS: US$3.14 (vs US$2.25 in FY 2021) Full year 2022 results: EPS: US$3.14 (up from US$2.25 in FY 2021). Revenue: US$217.4m (up 123% from FY 2021). Net income: US$40.6m (up 50% from FY 2021). Profit margin: 19% (down from 28% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 5.97% (up from 3.73% in FY 2021). Cost-to-income ratio: 56.3% (down from 58.8% in FY 2021). Non-performing loans: 1.26% (up from 0.10% in FY 2021). Revenue is forecast to grow 42% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 15
Independent Director recently bought €1.1m worth of stock On the 14th of March, Steven Hovde bought around 30k shares on-market at roughly €35.19 per share. This transaction amounted to 1.8% 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 €830k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €35.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 189% over the past three years. Announcement • Jan 28
Coastal Financial Corporation Reports Net Charge Off for the Fourth Quarter Ended December 31, 2022 Coastal Financial Corporation reported net charge off for the fourth quarter ended December 31, 2022. Net charge-offs totaled $18.9 million for the quarter ended December 31, 2022, compared to $532,000 for the quarter ended December 31, 2021. Reported Earnings • Jan 28
Full year 2022 earnings released: EPS: US$3.14 (vs US$2.25 in FY 2021) Full year 2022 results: EPS: US$3.14 (up from US$2.25 in FY 2021). Revenue: US$217.4m (up 123% from FY 2021). Net income: US$40.6m (up 50% from FY 2021). Profit margin: 19% (down from 28% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 40% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 34% per year. Announcement • Jan 25
Coastal Financial Corporation Appoints Barb Maclean as Senior Vice President, Head of Technology Operations and Implementation Coastal Financial Corporation announced that Barb MacLean has joined the Bank as Senior Vice President, Head of Technology Operations and Implementation. Ms. MacLean is a seasoned fintech leader with more than 21 years of experience building and operating mission-critical banking, integration, data, and payments platforms. She has deep experience in APIs and integration, using data to maximize efficiencies, and is a versatile, seasoned speaker with a well-respected newsletter, Fintech Playlist. A graduate of Brandon University, she led Celero Solutions in various capacities most recently as vice president of Integration and analytics. Recent Insider Transactions • Dec 15
CEO & Director recently sold €601k worth of stock On the 13th of December, Eric Sprink sold around 13k shares on-market at roughly €48.02 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Eric's only on-market trade for the last 12 months. Recent Insider Transactions • Nov 23
Executive VP & COO recently sold €75k worth of stock On the 22nd of November, John Dickson sold around 2k shares on-market at roughly €47.08 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. John has been a net seller over the last 12 months, reducing personal holdings by €158k. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 18% share price gain to €47.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 253% over the past three years. Announcement • Nov 02
Coastal Financial Corporation announced that it has received $20 million in funding Coastal Financial Corporation announced that it has entered into Subordinated Note Purchase Agreement for 7% Fixed-to-Floating Rate Subordinated Notes due 2032 for the gross proceeds of $20 million on November 1, 2022. The Notes will mature on November 1, 2032 from and including November 1, 2022, to, but excluding, November 1, 2027 or the date of earlier redemption. The Company will pay interest on the Notes semi-annually in arrears on May 1 and November 1 of each year, commencing on November 1, 2022, at a fixed interest rate of 7% per annum. From and including November 1, 2027, to, but excluding, the maturity date or the date of earlier redemption. The Company will pay interest on the Notes at a floating interest rate. The floating interest rate will be reset quarterly, and the interest rate for any Floating Rate Period shall be equal to the then-current Three-Month Term SOFR plus 290 basis points for each quarterly interest period during the Floating Rate Period. Interest payable on the Notes during the Floating Rate Period will be paid quarterly in arrears on February 1, May 1, August 1 and November 1, of each year, commencing on November 1, 2027. Notwithstanding the foregoing, in the event that the benchmark rate is less than zero, the benchmark rate shall be deemed to be zero. The Company may, at its option, redeem the Notes (i) in whole or in part beginning with the interest payment date of November 1, 2027, and on any interest payment date thereafter, or (ii) in whole, but not in part, upon the occurrence of a “Tier 2 Capital Event,” a “Tax Event,” or “Investment Company Event”. The Notes were offered and sold by the Company in a private placement transaction in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and Regulation D thereunder. The Notes are general unsecured, subordinated. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.86 (vs US$0.56 in 3Q 2021) Third quarter 2022 results: EPS: US$0.86 (up from US$0.56 in 3Q 2021). Revenue: US$65.2m (up 164% from 3Q 2021). Net income: US$11.1m (up 66% from 3Q 2021). Profit margin: 17% (down from 27% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jul 28
Second quarter 2022 earnings released: EPS: US$0.79 (vs US$0.58 in 2Q 2021) Second quarter 2022 results: EPS: US$0.79 (up from US$0.58 in 2Q 2021). Revenue: US$51.3m (up 123% from 2Q 2021). Net income: US$10.2m (up 45% from 2Q 2021). Profit margin: 20% (down from 31% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 116%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 26
Coastal Financial Corporation(NasdaqGS:CCB) dropped from Russell Microcap Value Index Coastal Financial Corporation(NasdaqGS:CCB) dropped from Russell Microcap Value Index Announcement • May 24
Coastal Financial Corporation Names Jeff Ketelhut as Executive Vice President and Bank Secrecy Act (BSA) Officer Coastal Financial Corporation announced the hiring of Jeff Ketelhut, CAMS, as Executive Vice President and Bank Secrecy Act (BSA) Officer. In this role, Ketelhut is responsible for developing, implementing, and enforcing Coastal’s BSA compliance program and coordinating with state and federal regulators on these matters. Before joining Coastal, Ketelhut was Vice President of Compliance for MetaBank, and was a National Bank Examiner for the Office of the Comptroller of the Currency (OCC). He is a Certified Anti-Money Laundering Specialist (CAMS) and earned a bachelor’s degree in Economics from the University of South Dakota. Announcement • May 19
Coastal Financial Corporation Names Curt Queyrouze as New President Coastal Financial Corporation, the holding company for Coastal Community Bank, announced the hiring of Curt Queyrouze as President. Eric Sprink will continue as CEO as the Bank expands the Executive team of the almost $3 billion Bank. Queyrouze has a background with expertise in credit, risk management, and financial technology. He was most recently President and CEO of TAB Bank, UT, and brings an extensive background in managing a community bank and fintech partnerships through BaaS. During his tenure at TAB Bank, the $1.2 billion bank leveraged investments in a data platform, API stack, and agile development to transform the wholly digital Bank into a market leader. Recent Insider Transactions • May 07
Independent Director recently bought €52k worth of stock On the 29th of April, Thomas Lane bought around 1k shares on-market at roughly €39.68 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €352k more in shares than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: US$0.48 (vs US$0.50 in 1Q 2021) First quarter 2022 results: EPS: US$0.48. Revenue: US$38.3m (up 92% from 1Q 2021). Net income: US$6.23m (up 3.5% from 1Q 2021). Profit margin: 16% (down from 30% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 48%, compared to a 8.7% growth forecast for the industry in Germany. Announcement • Apr 09
Coastal Financial Corporation, Annual General Meeting, May 24, 2022 Coastal Financial Corporation, Annual General Meeting, May 24, 2022, at 18:00 Pacific Standard Time. Agenda: To consider elect Christopher D. Adams, Steven D. Hovde, Stephan Klee and Thomas D. Lane to serve for a term of three years until the 2025 annual meeting of shareholders; to consider ratify the selection of Moss Adams LLP by the Audit Committee of the Board of Directors as our independent registered public accounting firm for fiscal year 2022; and to consider transact such other business as may properly come before the annual meeting and any adjournment or postponement of the meeting. Reported Earnings • Mar 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$2.25 (up from US$1.27 in FY 2020). Revenue: US$97.6m (up 71% from FY 2020). Net income: US$27.0m (up 78% from FY 2020). Profit margin: 28% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.73% (down from 3.83% in FY 2020). Cost-to-income ratio: 58.8% (up from 58.1% in FY 2020). Non-performing loans: 0.10% (up from 0.05% in FY 2020). Revenue exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 62%, compared to a 8.9% growth forecast for the banks industry in Germany. Buying Opportunity • Feb 04
Now 22% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be US$54.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% per annum over the last 3 years. Earnings per share has grown by 30% per annum over the last 3 years. Reported Earnings • Jan 28
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$2.25 (up from US$1.27 in FY 2020). Revenue: US$97.6m (up 71% from FY 2020). Net income: US$27.0m (up 78% from FY 2020). Profit margin: 28% (up from 27% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 14%, compared to a 11% growth forecast for the banks industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 25% share price gain to €46.40, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 10x in the Banks industry in Europe. Total returns to shareholders of 334% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.54 per share. Announcement • Dec 19
Coastal Financial Corporation has completed a Follow-on Equity Offering in the amount of $34.500047 million. Coastal Financial Corporation has completed a Follow-on Equity Offering in the amount of $34.500047 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 851,853
Price\Range: $40.5
Discount Per Security: $2.03268 Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment improved over the past week After last week's 17% share price gain to €44.40, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 11x in the Banks industry in Europe. Total returns to shareholders of 218% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.85 per share. Recent Insider Transactions • Nov 03
Insider recently sold €111k worth of stock On the 29th of October, John Dickson sold around 3k shares on-market at roughly €32.57 per share. In the last 3 months, there was an even bigger sale from another insider worth €312k. Insiders have been net sellers, collectively disposing of €950k more than they bought in the last 12 months. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS US$0.56 (vs US$0.34 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$24.7m (up 67% from 3Q 2020). Net income: US$6.68m (up 63% from 3Q 2020). Profit margin: 27% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year and the company’s share price has also increased by 28% per year. Recent Insider Transactions • Sep 15
Insider recently sold €312k worth of stock On the 10th of September, Andrew Dale sold around 13k shares on-market at roughly €24.94 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €839k more than they bought in the last 12 months. Announcement • Aug 19
Coastal Financial Corporation announced that it has received $25 million in funding Coastal Financial Corporation announced that it has entered into Subordinated Note Purchase Agreement for 3.375% Fixed-to-Floating Rate Subordinated Notes due 2031 for the gross proceeds of $25 million on August 18, 2021. The Notes will mature on September 1, 2031 from and including August 18, 2021, to, but excluding, September 1, 2026 or the date of earlier redemption. The company will pay interest on the Notes semi-annually in arrears on March 1 and September 1 of each year, commencing on September 1, 2021, at a fixed interest rate of 3.375% per annum. From and including September 1, 2026, to, but excluding, the maturity date or the date of earlier redemption. The Company will pay interest on the Notes at a floating interest rate. The floating interest rate will be reset quarterly, and the interest rate for any Floating Rate Period shall be equal to the then-current Three-Month Term SOFR plus 276 basis points for each quarterly interest period during the Floating Rate Period. Interest payable on the Notes during the Floating Rate Period will be paid quarterly in arrears on March 1, June 1, September 1 and December 1, of each year, commencing on September 1, 2026. Notwithstanding the foregoing, in the event that the benchmark rate is less than zero, the benchmark rate shall be deemed to be zero. The Company may, at its option, redeem the Notes (i) in whole or in part beginning with the interest payment date of September 1, 2026, and on any interest payment date thereafter, or (ii) in whole, but not in part, upon the occurrence of a “Tier 2 Capital Event,” a “Tax Event,” or “Investment Company Event”. The Notes were offered and sold by the Company in a private placement transaction in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and Regulation D thereunder. The Notes are general unsecured, subordinated. Reported Earnings • Jul 28
Second quarter 2021 earnings released: EPS US$0.58 (vs US$0.31 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$23.0m (up 70% from 2Q 2020). Net income: US$7.01m (up 91% from 2Q 2020). Profit margin: 31% (up from 27% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS US$0.50 (vs US$0.23 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$19.9m (up 60% from 1Q 2020). Net income: US$6.02m (up 121% from 1Q 2020). Profit margin: 30% (up from 22% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 14
Full year 2020 earnings released: EPS US$1.27 (vs US$1.11 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$57.1m (up 20% from FY 2019). Net income: US$15.1m (up 15% from FY 2019). Profit margin: 27% (down from 28% in FY 2019). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 3.83% (down from 4.23% in FY 2019). Cost-to-income ratio: 58.1% (down from 61.8% in FY 2019). Non-performing loans: 0.05% (down from 0.11% in FY 2019). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 24% share price gain to US$25.00, the stock is trading at a trailing P/E ratio of 23.1x, up from the previous P/E ratio of 18.6x. This compares to an average P/E of 12x in the Banks industry in Europe. Total returns to shareholders over the past year are 77%. Is New 90 Day High Low • Feb 23
New 90-day high: €19.90 The company is up 21% from its price of €16.40 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.23 per share. Is New 90 Day High Low • Feb 06
New 90-day high: €18.30 The company is up 23% from its price of €14.90 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 29% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.66 per share. Reported Earnings • Jan 28
Full year 2020 earnings released: EPS US$1.27 (vs US$1.11 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: US$57.1m (up 20% from FY 2019). Net income: US$15.1m (up 15% from FY 2019). Profit margin: 27% (down from 28% in FY 2019). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Dec 10
New 90-day high: €17.40 The company is up 41% from its price of €12.30 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.81 per share. Recent Insider Transactions • Dec 06
Independent Vice Chairman recently sold €345k worth of stock On the 3rd of December, Andrew Skotdal sold around 21k shares on-market at roughly €16.29 per share. This was the largest sale by an insider in the last 3 months. Andrew has been a seller over the last 12 months, reducing personal holdings by €325k. Is New 90 Day High Low • Nov 20
New 90-day high: €16.20 The company is up 38% from its price of €11.70 on 21 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.25 per share. Reported Earnings • Nov 08
Third quarter 2020 earnings released: EPS US$0.34 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2020 results: Revenue: US$14.8m (up 22% from 3Q 2019). Net income: US$4.09m (up 17% from 3Q 2019). Profit margin: 28% (down from 29% in 3Q 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Nov 08
Revenue beats expectations Revenue exceeded analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 28%, compared to a 19% growth forecast for the Banks industry in Germany. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 16% share price gain to US$14.50, the stock is trading at a trailing P/E ratio of 14.6x, up from the previous P/E ratio of 12.6x. This compares to an average P/E of 21x in the Banks industry in Germany. Total returns to shareholders over the past year are 7.4%. Announcement • Nov 05
Rilla Delorier Joins Board of Directors of Coastal Financial Corporation Coastal Financial Corporation announced that Rilla Delorier has joined its Board of Directors. Delorier is an experienced C-suite leader with more than 30 years of executive experience and has served in a range of capacities including managing the P&L of a $2.7 billion retail banking business, Chief Strategy and Digital Transformation Officer, Chief Marketing Officer, healthcare business leader, and strategy consulting with Bain & Co. Is New 90 Day High Low • Nov 03
New 90-day high: €13.50 The company is up 15% from its price of €11.70 on 05 August 2020. The German market is down 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.33 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue beats expectations Third-quarter revenue exceeded analyst estimates by 6.7% at US$17.0m. Revenue is forecast to grow 26% over the next year, compared to a 18% growth forecast for the Banks industry in Germany. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of US$14.1m, up 11% from the prior year. Total revenue was US$53.3m over the last 12 months, up 15% from the prior year. Is New 90 Day High Low • Sep 25
New 90-day low: €10.30 The company is down 21% from its price of €13.00 on 26 June 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €15.23 per share. Announcement • Jul 04
Coastal Financial Corporation(NasdaqGS:CCB) dropped from Russell 2000 Growth-Defensive Index Coastal Financial Corporation(NasdaqGS:CCB) dropped from Russell 2000 Growth-Defensive Index 
