Coastal Financial Corporation Announces Third Quarter 2025 Results

Coastal Financial Corporation reported its unaudited financial results for the third quarter of 2025, highlighting a net income of $13.6 million, or $0.88 per diluted common share. This represents an increase from $11.0 million in the previous quarter and $13.5 million in the same quarter of the previous year. The company experienced a 4.6% rise in loans receivable, amounting to $163.5 million, and a 1.5% increase in deposits, totaling $59.0 million. The Banking as a Service (BaaS) segment, CCBX, continued to show strong performance with program fee income reaching $7.6 million, an 11.3% increase from the previous quarter. The company also noted a decrease in noninterest expenses by $2.7 million, or 3.7%, primarily due to lower legal and professional expenses. Coastal Financial Corporation remains focused on managing expenses and maintaining credit quality amidst a changing economic environment.