Coastal Financial(NASDAQ) CCB

Coastal Financial Corporation helps people and businesses with banking. It also lets tech companies offer bank services to customers.

Banking for Tech Brands

• Community Bank: Personal and business banking services like checking accounts and commercial loans for clients in Washington; focuses on the Puget Sound region.
• Banking as a Service: Digital platform called CCBX that lets 30 financial technology partners provide banking capabilities to their own brands; earns fee income and loan interest.
• Treasury and Administration: Corporate segment managing investments, debt, and general administration for the holding company.

Building the Digital Bank

• Reached 30 Banking as a Service partners as of June 30, 2026, to expand its digital footprint.
• Sold $7.84 billion in loans during the six-month period ended June 30, 2026, to manage portfolio limits and credit quality.
• Invested in technology modernization by shortening the useful lives of existing software to prepare for new automation tools.

What Makes Coastal Financial Stand Out?

Coastal Financial functions as a hybrid institution that combines traditional local banking with a modern digital infrastructure platform. Its unique Banking as a Service model allows it to act as the regulatory backbone for digital finance companies across the country.

Checking the Financial Pulse

• Net interest income reached $89.4 million for the three months ended June 30, 2026, up 16.4% year over year.
• Net loss was $42.1 million for the quarter ended June 30, 2026, compared to net income of $11.0 million for the quarter ended June 30, 2025.
• Provision for credit losses rose to $92.2 million for the quarter ended June 30, 2026, from $32.2 million in the prior year period.
• Total assets were $5.46 billion as of June 30, 2026, representing a 15.1% increase from December 31, 2025.
• Noninterest income totaled $88.7 million for the three-month period ended June 30, 2026, up 107.8% year over year.

The Final Word

Coastal Financial has transitioned from a local community bank into a high-tech infrastructure provider for the digital finance industry. This dual strategy balances physical branch operations with a scalable nationwide technology platform.