Coastal Financial First Quarter 2025 Earnings: Misses Expectations

Coastal Financial (NASDAQ:CCB) First Quarter 2025 Results

Key Financial Results

• Revenue: US$83.8m (up 28% from 1Q 2024).
• Net income: US$9.73m (up 43% from 1Q 2024).
• Profit margin: 12% (up from 10% in 1Q 2024). The increase in margin was driven by higher revenue.
• EPS: US$0.65 (up from US$0.51 in 1Q 2024).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Coastal Financial Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 9.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Coastal Financial's balance sheet.

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