Welcome to our dedicated page for Coastal Carolina news (Ticker: CCNB), a resource for investors and traders seeking the latest updates and insights on Coastal Carolina stock.
Coastal Carolina Bancshares, Inc. (CCNB) delivers relationship-driven community banking services across South Carolina's Grand Strand region. This news hub provides investors and stakeholders with timely updates on financial performance, strategic developments, and community initiatives central to CCNB's operations.
Access curated press releases and announcements covering earnings reports, leadership updates, branch expansions, and regulatory filings. Discover insights into CCNB's localized lending programs, deposit growth strategies, and partnerships supporting regional economic development.
Key updates include quarterly results analysis, new financial product launches, and recognitions for credit quality excellence. Content emphasizes CCNB's commitment to maintaining strong capital ratios while addressing unique banking needs through personalized service model.
Bookmark this page for streamlined tracking of CCNB's market position, risk management practices, and contributions to community financial wellness in its core operating areas.
Coastal Carolina Bancshares (OTCQX:CCNB) reported Q1 2025 net income of $2.38 million ($0.38 per share), compared to $2.66 million ($0.42 per share) in Q4 2024 and $1.65 million ($0.26 per share) in Q1 2024.
Key highlights include:
- Net Interest Margin expanded to 3.55% from 3.34% in Q4 2024
- Book value per share increased to $12.57 from $12.07 in Q4 2024
- Quarterly deposit growth of $13 million (1%) to $1.002 billion
- Loan growth of $25 million (3%) to $863 million
- Strong credit quality with 0.0% non-performing assets ratio
The bank maintained strong capital ratios with Leverage at 9.04%, Tier 1 at 11.68%, and Total Risk-Based at 12.76%. Loan growth was primarily in C&I Lending ($10M), non-owner occupied CRE ($5M), and Owner Occupied CRE ($4M).
Coastal Carolina Bancshares (OTCQX:CCNB) reported strong financial results for Q4 and full-year 2024. The company achieved net income of $8.5 million ($1.36 per share) for 2024, up 5% from 2023. Q4 2024 net income was $2.7 million ($0.42 per share), representing a 19% increase over Q3 and 34% over Q4 2023.
Key highlights include annual deposit growth of $160 million (19%) to $989 million and loan growth of $74 million (10%) to $837 million. The bank maintained excellent asset quality with a non-performing assets ratio of 0.0%. Total assets grew 16% to $1.1 billion. The bank's net interest margin improved to 3.35% in Q4 2024, while book value per share increased to $12.07.
Coastal Carolina Bancshares, Inc. (OTCQX:CCNB) reported net income of $2,235,070 or $0.36 per share for Q3 2024, up from $1,956,948 or $0.31 per share in Q2 2024. Key highlights include:
- 14% increase in quarterly net income over the linked quarter
- Loan growth of $23 million (3%) to $816 million
- Asset growth of $32 million (3%) to $1.1 billion
- Deposit growth of $27 million (3%) to $999 million
- Book value per share increased to $11.87 from $10.67 at year-end 2023
- Exceptional credit quality with 0.0% non-performing assets ratio
The bank's net interest margin improved to 3.22%, driven by increased yields on earning assets. Noninterest income rose to $655,000, while noninterest expense increased to $5.7 million. The bank maintains strong capital ratios and continues to focus on deposit acquisition and retention.
Coastal Carolina Bancshares (OTCQX:CCNB) reported Q2 2024 net income of $1.96 million, or $0.31 per share, compared to $1.98 million in Q2 2023. The company achieved a significant milestone by surpassing $1 billion in total assets for the first time. Key highlights include:
- 10% quarterly asset growth to $1.07 billion
- 11% quarterly deposit growth to $971 million
- 1% quarterly loan growth to $793 million
- Improved net interest margin of 3.19%, up from 3.08% in Q1 2024
- Continued strong credit quality with 0.0% non-performing assets ratio
The bank's expansion efforts include opening a new branch in Orangeburg, SC, marking its ninth full-service office.
Coastal Carolina Bancshares, Inc. (OTCQX:CCNB) reported a net income of $2,120,777 or $0.34 per share for Q1 2023, reflecting a 55% increase from Q1 2022. Compared to the previous quarter, earnings declined from $2,342,030 or $0.38 per share. Highlights include 3% deposit growth to $767 million and 6% loan growth to $685 million. The bank maintains strong credit quality metrics with a 0.0% non-performing assets ratio. The bank’s total assets increased by 5% to $868 million. The net interest margin for the quarter was 3.61% with net interest income at $7.0 million, up 32% year-over-year but down linked quarter. The company continues strong capital ratios.
Coastal Carolina Bancshares reported strong financial results for FY 2022, achieving a net income of $7.21 million, or $1.16 per share, a 16% increase from 2021. The Q4 net income rose 41% year-over-year to $2.34 million, with EPS of $0.38. Total assets grew to $825 million, primarily driven by a 40% increase in net loans to $649 million. Deposits rose 8% to $742 million. The non-performing assets ratio remained at 0.0%, indicating robust credit quality. However, noninterest income decreased significantly from $5 million in 2021 to $2.24 million in 2022 due to declining mortgage revenues amidst rising interest rates.
