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Coastal Financial - CCB STOCK NEWS

Welcome to our dedicated page for Coastal Financial news (Ticker: CCB), a resource for investors and traders seeking the latest updates and insights on Coastal Financial stock.

Overview

Coastal Financial Corporation (CCB) is a comprehensive financial services provider that focuses on delivering a wide array of banking products and innovative solutions in community banking and Banking-as-a-Service (BaaS). With its roots deeply embedded in the Puget Sound region, the company leverages local expertise to offer tailored financial solutions that cater to the needs of consumers and small to medium-sized businesses.

Business Segments and Operations

The company operates through three distinct yet integrated segments:

  • Community Bank: This segment concentrates on traditional banking services, providing deposit accounts, consumer loans, and business financing through both physical branches and digital channels. Emphasizing relationship-based banking, the community bank fosters trust through local expertise and longstanding community ties.
  • CCBX: Focused on Banking-as-a-Service, the CCBX segment enables partnerships with broker-dealers, digital financial service providers, and emerging fintech companies. By facilitating BaaS solutions, Coastal Financial empowers its partners to extend financial services under its established credit and technological framework.
  • Treasury & Administration: This segment manages a range of back office operations, including treasury management and overall corporate administration, ensuring the organization maintains robust risk management practices and operational efficiency.

Market Position and Value Proposition

Coastal Financial distinguishes itself in a crowded marketplace by emphasizing relationships, trust, and local market knowledge. The company’s bankers are embedded within the communities they serve, bringing seasoned, practical insights into local economic dynamics and customer needs. By merging traditional community banking with modern fintech solutions through its BaaS platform, Coastal Financial offers an adaptable and secure environment for everyday banking as well as innovative digital financial services.

Operational Excellence and Expertise

The firm has built its reputation on high standards of risk management and credit quality. Across all segments, particularly within the CCBX division, the company implements rigorous credit analysis and operational protocols that balance risk and reward. The emphasis on strategically managing loan portfolios and utilizing digital channels not only meets current consumer demands but also reinforces its competitive positioning in the financial services industry.

Customer-Centric Approach

At the heart of Coastal Financial is a commitment to personalized service. The company believes that banking is more than a transactional relationship; it is about building and maintaining trust with customers. This philosophy is evident in the local presence of its bankers, who are regarded as trusted advisors within their communities. Whether helping a small business expand or guiding an individual through personal financial planning, the emphasis on expert, neighborly service sets Coastal Financial apart from larger, more impersonal institutions.

Technology and Digital Integration

Recognizing the evolving nature of the financial landscape, Coastal Financial continuously invests in digital banking capabilities. Its online and mobile platforms provide customers with secure and efficient access to banking services, while the BaaS segment bolsters the company’s role as a facilitator of digital financial innovation. This dual approach underscores the company's commitment to both traditional personal relationships and modern technological advancements.

Industry Recognition and Strategic Partnerships

Coastal Financial’s blend of community-centric operations and advanced digital services has positioned it as a significant player in regional financial markets. Through strategic partnerships with fintech innovators and local businesses, the company demonstrates its capacity to adapt and thrive in a rapidly changing industry environment. Its diversified business segments support sustainable operations and a stable market presence, making it a compelling subject for investor research and analysis.

Conclusion

In summary, Coastal Financial Corp offers a balanced blend of traditional community banking and forward-thinking digital services. By leveraging its local expertise and integrating innovative BaaS solutions, the company provides comprehensive, secure, and adaptive financial services that stand out in today’s competitive banking landscape. This dynamic approach, coupled with rigorous operational standards, makes Coastal Financial a noteworthy institution in both community and digital banking sectors.

Rhea-AI Summary
Coastal Financial Corporation reports unaudited financial results for the third quarter of 2023. Net income of $10.3 million, or $0.75 per diluted common share. Total assets increased by $145.0 million, or 4.1%. Total loans decreased by $40.5 million, or 1.3%. Deposits increased by $127.1 million, or 4.0%.
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True Digital Group strengthens its influence in the banking industry by adding Rilla Delorier as a Strategic Advisor and forming a Banker Advisory Board with key executives from top financial institutions.
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Rilla Delorier, a leader in digital transformation in the banking sector, has been appointed to WisdomTree's Board of Directors.
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Coastal Financial Corporation has announced the addition of Brian Ferrell as Executive Vice President, Head of Financial Crimes Compliance, and Bill Rhodes as Executive Vice President, Chief Audit Executive. Brian brings over 30 years of expertise in the financial services sector and has deep knowledge of Anti-Money Laundering (AML) rules and regulations. Bill has more than 20 years of experience in internal and external audit across the Financial Services sector. Their skills and expertise are expected to enhance Coastal's transition to a larger and more complex entity.
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Coastal Financial Corporation reports unaudited financial results for Q2 2023, with net income of $12.9 million and total assets increasing to $3.54 billion. Loan growth of $170.3 million and deposit growth of $67.3 million. Legal and professional fees impacting net income. Increased net interest income and yield on loans.
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Coastal Financial Corporation (Nasdaq: CCB) announced the retirement of Chief Operating Officer John Dickson, effective April 3, 2023, with plans for a part-time advisory role to ensure a smooth transition. Dickson has been instrumental in developing the Bank's Banking as a Service (BaaS) unit, CCBX, since its inception. The company had previously appointed President Curt Queyrouze in 2022 as part of succession planning. As of December 31, 2022, Coastal Financial reported total assets of $3.14 billion, gross loans of $2.63 billion, and total deposits of $2.82 billion.

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Coastal Financial Corporation (Nasdaq: CCB) reported a robust fourth quarter for 2022, achieving a net income of $13.1 million or $0.96 per diluted common share, compared to $11.1 million in Q3 2022. Total assets rose by 0.3% to $3.14 billion. Loan growth was significant with an increase of $119.4 million (4.8%) for total loans at $2.63 billion, reflecting strong performance in the CCBX segment. Deposits saw a slight decline, down 0.7% to $2.82 billion, influenced by competitive deposit rates. Overall, 2022 saw total revenue surge 147.3% year-over-year, demonstrating the company's strong operational growth.

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FAQ

What is the current stock price of Coastal Financial (CCB)?

The current stock price of Coastal Financial (CCB) is $89.96 as of April 1, 2025.

What is the market cap of Coastal Financial (CCB)?

The market cap of Coastal Financial (CCB) is approximately 1.4B.

What primary services does Coastal Financial offer?

Coastal Financial provides traditional community banking services, consumer and small business loans, and innovative Banking-as-a-Service (BaaS) solutions.

How does Coastal Financial differentiate itself from larger banks?

The company emphasizes local relationships, trust, and community-based service, with bankers who understand local market dynamics and customer needs, combined with modern digital solutions.

What is the role of the CCBX segment?

CCBX focuses on providing BaaS solutions, partnering with broker-dealers, fintech companies, and digital financial service providers to extend a range of financial services under its operating framework.

Which regions does Coastal Financial primarily serve?

The company primarily serves the Puget Sound region in Washington, utilizing both physical branches and digital channels to reach its community.

What financial products are available at Coastal Financial?

The bank offers a comprehensive suite of products including deposit accounts, personal and business loans, and digital banking services accessible via online and mobile platforms.

How does Coastal Financial maintain its operational excellence?

Through rigorous risk management practices, a keen focus on credit quality, innovative digital integration, and a customer-centric approach that builds long-term trust.

Who are the typical customers of Coastal Financial?

Customers range from individual consumers and small businesses to fintech companies and partners leveraging its BaaS offerings.

How does the company support innovation in financial services?

By investing in digital banking platforms and strategically partnering with fintech innovators, Coastal Financial continuously enhances its service delivery and product offerings.
Coastal Financial

Nasdaq:CCB

CCB Rankings

CCB Stock Data

1.35B
12.51M
16.66%
68.83%
2.89%
Banks - Regional
State Commercial Banks
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United States
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