Coastal Financial Management

Management criteria checks 4/4

Coastal Financial's CEO is Eric Sprink, appointed in Jan 2010, has a tenure of 14.83 years. total yearly compensation is $1.79M, comprised of 45.3% salary and 54.7% bonuses, including company stock and options. directly owns 0.64% of the company’s shares, worth €6.32M. The average tenure of the management team and the board of directors is 3.8 years and 6.3 years respectively.

Key information

Eric Sprink

Chief executive officer

US$1.8m

Total compensation

CEO salary percentage	45.3%
CEO tenure	14.8yrs
CEO ownership	0.6%
Management average tenure	3.8yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Eric Sprink's remuneration changed compared to Coastal Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$41m
Jun 30 2024	n/a	n/a	US$38m
Mar 31 2024	n/a	n/a	US$39m
Dec 31 2023	US$2m	US$810k	US$45m
Sep 30 2023	n/a	n/a	US$49m
Jun 30 2023	n/a	n/a	US$50m
Mar 31 2023	n/a	n/a	US$47m
Dec 31 2022	US$2m	US$700k	US$41m
Sep 30 2022	n/a	n/a	US$35m
Jun 30 2022	n/a	n/a	US$30m
Mar 31 2022	n/a	n/a	US$27m
Dec 31 2021	US$5m	US$700k	US$27m
Sep 30 2021	n/a	n/a	US$24m
Jun 30 2021	n/a	n/a	US$22m
Mar 31 2021	n/a	n/a	US$18m
Dec 31 2020	US$1m	US$435k	US$15m
Sep 30 2020	n/a	n/a	US$14m
Jun 30 2020	n/a	n/a	US$14m
Mar 31 2020	n/a	n/a	US$13m
Dec 31 2019	US$1m	US$380k	US$13m
Sep 30 2019	n/a	n/a	US$13m
Jun 30 2019	n/a	n/a	US$12m
Mar 31 2019	n/a	n/a	US$11m
Dec 31 2018	US$866k	US$360k	US$10m
Sep 30 2018	n/a	n/a	US$7m
Jun 30 2018	n/a	n/a	US$6m
Mar 31 2018	n/a	n/a	US$6m
Dec 31 2017	US$637k	US$330k	US$5m

Compensation vs Market: Eric's total compensation ($USD1.79M) is about average for companies of similar size in the German market ($USD1.42M).

Compensation vs Earnings: Eric's compensation has been consistent with company performance over the past year.

CEO

Eric Sprink (51 yo)

14.8yrs

Tenure

US$1,787,991

Compensation

Mr. Eric M. Sprink serves as General Partner, Banktech Ventures, LP at BankTech Ventures, LP. He has been Chief Executive Officer of Coastal Financial Corporation since 2010 and served as its President unt...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Eric Sprink	CEO & Director	14.8yrs	US$1.79m	0.64% € 6.3m
Curt Queyrouze	President	2.5yrs	US$1.00m	0.027% € 267.1k
Joel Edwards	Executive VP	12yrs	US$726.52k	0.23% € 2.2m
Russell Keithley	Executive VP & Chief Banking Officer	no data	US$550.85k	0.060% € 590.0k
Andrew Stines	Executive VP & Chief Risk Officer	4.8yrs	US$540.63k	0.029% € 286.0k
Erika Heer	Executive VP & Chief Human Resources Officer	6.1yrs	no data	no data
Jonathan Sand	Executive VP & Chief Credit Officer	4.6yrs	no data	0.10% € 1.0m
Michael Culp	Executive VP & Chief Revenue Officer	3.8yrs	no data	0.029% € 279.6k
Brian Ferrell	Executive VP & Head of Financial Crimes Compliance	1.3yrs	no data	no data
Bill Rhodes	Executive VP & Chief Audit Executive	1.3yrs	no data	no data
Brian Hamilton	President of CCBX Division & Director	less than a year	no data	0.015% € 147.2k
Tarah Herger	Executive VP & CCBX Division Manager	2.8yrs	no data	0.0086% € 84.7k

3.8yrs

Average Tenure

53yo

Average Age

Experienced Management: 1VD's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Eric Sprink	CEO & Director	18.2yrs	US$1.79m	0.64% € 6.3m
Brian Hamilton	President of CCBX Division & Director	less than a year	no data	0.015% € 147.2k
Steven Hovde	Independent Director	13.8yrs	US$95.02k	12.82% € 125.6m
Rilla Delorier	Independent Director	4yrs	US$85.03k	0.033% € 319.4k
Thomas Lane	Independent Director	27.8yrs	US$97.94k	1.01% € 9.9m
Gregory Tisdel	Independent Director	22.8yrs	US$85.03k	0.12% € 1.1m
Stephan Klee	Independent Director	6.3yrs	US$97.51k	0.044% € 434.8k
Christopher Adams	Chairman	8.8yrs	US$135.01k	0.20% € 1.9m
Sadhana Akella-Mishra	Independent Director	5.5yrs	US$97.51k	0.041% € 405.6k
Pamela Unger	Independent Director	3.5yrs	US$85.03k	0.030% € 295.6k
Michael Patterson	Independent Director	3.1yrs	US$100.00k	0.042% € 415.4k

6.3yrs

Average Tenure

51yo

Average Age

Experienced Board: 1VD's board of directors are considered experienced (6.3 years average tenure).

Coastal Financial Management

Management criteria checks 4/4

Key information

Recent management updates

Insufficient new directors

Coastal Financial Corporation Appoints Brian Hamilton as President of CCBX Division

Independent Director recently sold €115k worth of stock

Independent Director recently sold €167k worth of stock

Executive VP recently sold €497k worth of stock

Coastal Financial Corporation, Annual General Meeting, May 22, 2024

Recent updates

Insufficient new directors

Third quarter 2024 earnings released: EPS: US$1.00 (vs US$0.77 in 3Q 2023)

Coastal Financial Corporation Appoints Brian Hamilton as President of CCBX Division

Independent Director recently sold €115k worth of stock

Independent Director recently sold €167k worth of stock

Second quarter 2024 earnings released: EPS: US$0.86 (vs US$0.97 in 2Q 2023)

Investor sentiment improves as stock rises 16%

Executive VP recently sold €497k worth of stock

First quarter 2024 earnings released: EPS: US$0.51 (vs US$0.94 in 1Q 2023)

Coastal Financial Corporation, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: EPS: US$3.36 (vs US$3.14 in FY 2022)

Coastal Financial Corporation Announces Net Charge Offs for the Quarter Ended December 31, 2023

Full year 2023 earnings released: EPS: US$3.36 (vs US$3.14 in FY 2022)

Coastal Financial Corporation Appoints Brian Hamilton to its Board of Directors

Third quarter 2023 earnings released: EPS: US$0.77 (vs US$0.86 in 3Q 2022)

Coastal Financial Corporation Reports Unaudited Net Charge-Offs for the Quarter Ended September 30, 2023

Coastal Financial Corporation Announces Management Appointments

Coastal Financial Corporation Reports Unaudited Net Charge-Offs Results for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.97 (vs US$0.79 in 2Q 2022)

New minor risk - Share price stability

Investor sentiment improves as stock rises 17%

Full year 2022 earnings released: EPS: US$3.14 (vs US$2.25 in FY 2021)

Independent Director recently bought €1.1m worth of stock

Investor sentiment deteriorates as stock falls 16%

Coastal Financial Corporation Reports Net Charge Off for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$3.14 (vs US$2.25 in FY 2021)

Coastal Financial Corporation Appoints Barb Maclean as Senior Vice President, Head of Technology Operations and Implementation

CEO & Director recently sold €601k worth of stock

Executive VP & COO recently sold €75k worth of stock

Investor sentiment improved over the past week

Coastal Financial Corporation announced that it has received $20 million in funding

Third quarter 2022 earnings released: EPS: US$0.86 (vs US$0.56 in 3Q 2021)

Second quarter 2022 earnings released: EPS: US$0.79 (vs US$0.58 in 2Q 2021)

Coastal Financial Corporation(NasdaqGS:CCB) dropped from Russell Microcap Value Index

Coastal Financial Corporation Names Jeff Ketelhut as Executive Vice President and Bank Secrecy Act (BSA) Officer

Coastal Financial Corporation Names Curt Queyrouze as New President

Independent Director recently bought €52k worth of stock

First quarter 2022 earnings released: EPS: US$0.48 (vs US$0.50 in 1Q 2021)

Coastal Financial Corporation, Annual General Meeting, May 24, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Now 22% undervalued

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week

Coastal Financial Corporation has completed a Follow-on Equity Offering in the amount of $34.500047 million.

Investor sentiment improved over the past week

Insider recently sold €111k worth of stock

Third quarter 2021 earnings released: EPS US$0.56 (vs US$0.34 in 3Q 2020)

Insider recently sold €312k worth of stock

Coastal Financial Corporation announced that it has received $25 million in funding

Second quarter 2021 earnings released: EPS US$0.58 (vs US$0.31 in 2Q 2020)

First quarter 2021 earnings released: EPS US$0.50 (vs US$0.23 in 1Q 2020)

Full year 2020 earnings released: EPS US$1.27 (vs US$1.11 in FY 2019)

Investor sentiment improved over the past week

New 90-day high: €19.90

New 90-day high: €18.30

Full year 2020 earnings released: EPS US$1.27 (vs US$1.11 in FY 2019)

New 90-day high: €17.40

Independent Vice Chairman recently sold €345k worth of stock

New 90-day high: €16.20

Third quarter 2020 earnings released: EPS US$0.34

Revenue beats expectations

Market bids up stock over the past week

Rilla Delorier Joins Board of Directors of Coastal Financial Corporation

New 90-day high: €13.50

Third-quarter earnings released: Revenue beats expectations

Third quarter earnings released

New 90-day low: €10.30

New 90-day low - €10.90

First half earnings released