← COASTAL FINANCIAL CORP
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income | $9.7m |
$13.2m
+36.08%
|
$15.1m
+14.73%
|
$27.0m
+78.30%
|
$40.6m
+50.44%
|
$44.6m
+9.73%
|
$45.2m
+1.44%
|
$47.0m
+3.92%
|
($3.9m)
-108.19%
|
|
| Depreciation and amortization | $1.1m | $1.2m | $1.4m | $1.6m | $1.8m | $2.3m | $4.6m | $6.5m | $11.4m | |
| Net amortization on investment securities | ($24k) | ($59k) | $46k | $32k | ($50k) | ($25k) | $5k | $13k | — | |
| Deferred tax expense | ($382k) | ($561k) | ($1.1m) | ($3.0m) | ($11.0m) | $13.9m | $138k | $4.5m | — | |
| Adjustment to retained earnings - adoption of ASU 2016-13, net of deferred tax | — | — | — | ($201.2m) | ($243.5m) | ($295.0m) | ($438.7m) | ($491.0m) | — | |
| Stock-based compensation | $310k | $431k | $630k | $1.3m | $2.5m | $3.7m | $4.8m | $8.6m | $8.0m | |
| Unrealized holding loss (gain) on equity investment, net | — | — | — | ($1.5m) | $153k | ($279k) | ($27k) | $414k | — | |
| Change in equity investments, net | — | — | — | — | — | ($123k) | ($71k) | ($556k) | — | |
| Settlement of receivables as consideration in asset acquisition | — | — | — | — | — | $0 | $0 | $2.2m | — | |
| Net change in other assets and liabilities | $2.3m | ($2.4m) | ($5.2m) | ($3.7m) | ($10.4m) | ($15.9m) | $3.1m | $3.0m | — | |
| Net cash provided by operating activities | $14.4m |
$13.7m
-5.08%
|
$19.3m
+41.39%
|
$29.8m
+54.41%
|
$67.1m
+124.81%
|
$196.5m
+192.87%
|
$259.8m
+32.20%
|
$254.6m
-2.00%
|
$269.7m
+5.93%
|
|
| Purchases of premises and equipment, net | ($1.1m) | ($1.2m) | ($5.4m) | ($2.6m) | ($2.8m) | ($6.2m) | ($9.9m) | ($8.4m) | — | |
| Investments in loans receivable | ($67.7m) | ($168.0m) | ($609.6m) | ($141.5m) | ($912.5m) | ($91.5m) | ($202.0m) | $26.3m | — | |
| Net cash used by investing activities | ($139.1m) | ($164.5m) | ($666.5m) | ($894.2m) | ($987.9m) | ($599.0m) | ($608.6m) | ($525.7m) | — | |
| Net cash provided by financing activities | $133.9m |
$154.5m
+15.34%
|
$622.3m
+302.85%
|
$859.8m
+38.18%
|
$449.8m
-47.68%
|
$543.5m
+20.82%
|
$318.2m
-41.46%
|
$555.5m
+74.60%
|
$945.9m
+70.28%
|
|
| CASH, DUE FROM BANKS AND RESTRICTED CASH, beginning of year | $40.3m | $43.9m | $19.0m | $14.5m | $342.1m | $483.1m | $452.5m | $737.0m | — | |
| NET CHANGE IN CASH, DUE FROM BANKS AND RESTRICTED CASH | $9.2m | $3.6m | ($24.9m) | ($4.5m) | ($471.0m) | $141.0m | ($30.6m) | $284.5m | ||
| Additional Supplementary Disclosures | ||||||||||
| Additional Supplementary Disclosures | ||||||||||
| Provision for credit losses | — | — | — | $9.9m | $79.1m | $184.0m | $277.6m | $192.6m | — | |
| Loss on disposition of fixed assets | $32k | $31k | $12k | $0 | $35k | $39k | $0 | $26k | — | |
| Decrease in operating lease right-of-use assets | — | $1.0m | $1.4m | $1.1m | $1.1m | $833k | $835k | $899k | — | |
| Decrease in operating lease liabilities | — | ($960k) | ($1.4m) | ($1.0m) | ($1.1m) | ($857k) | ($848k) | ($915k) | — | |
| Gain on sales of loans | ($264k) | ($490k) | ($82k) | ($396k) | $0 | ($253k) | $0 | $0 | — | |
| Increase in bank-owned life insurance value | — | — | — | ($172k) | ($360k) | $27k | ($485k) | ($516k) | — | |
| Net change in CCBX receivable | — | — | — | ($1.1m) | ($9.2m) | $1.3m | ($5.0m) | ($10.1m) | — | |
| Net change in CCBX credit enhancement asset | — | — | — | ($8.7m) | ($44.7m) | ($50.1m) | ($69.0m) | $4.2m | — | |
| Net change in CCBX payable | — | — | — | $1.8m | $18.6m | $13.2m | ($1.1m) | ($1.7m) | — | |
| Total adjustments | $4.7m | $470k | $4.2m | $2.8m | $26.5m | $151.9m | $214.6m | $207.6m | — | |
| Purchase of investment securities held-to-maturity | — | ($3.2m) | — | $0 | $0 | ($50.2m) | $0 | ($5.1m) | ($3.7m) | |
| Net (increase) decrease in FRB and FHLB securities | — | ($739k) | ($2.0m) | ($950k) | ($2.2m) | $607k | ($546k) | ($1.9m) | — | |
| Principal paydowns of investment securities available-for-sale | $88k | $53k | $48k | $33k | $17k | $9k | $8k | $7k | — | |
| Principal paydowns of investment securities held-to-maturity | $141k | $89k | $1.4m | $1.5m | $256k | $417k | $3.6m | $4.2m | — | |
| Maturities and calls of investment securities available-for-sale | — | $10.0m | $38.0m | $102.5m | $70.0m | $250k | $100.0m | $0 | — | |
| Purchase of bank owned life insurance | — | — | — | ($5.0m) | ($53k) | ($230k) | ($20k) | ($19k) | — | |
| Payments To Acquire Assets, Net Of Cash Acquired | — | — | — | — | — | $0 | $0 | ($2.4m) | — | |
| Proceeds from sales of loans held for sale | — | — | — | $0 | $152.5m | $600.2m | $1.5b | $6.6b | — | |
| Increase in loans receivable, net | — | — | — | ($141.5m) | ($912.5m) | ($1.1b) | ($2.0b) | ($7.2b) | — | |
| Net increase in demand deposits, money market, and savings | $93.9m | $179.5m | $475.6m | $980.8m | $467.7m | $553.9m | $225.8m | $564.1m | — | |
| Net decrease in time deposits | $6.4m | ($15.2m) | ($22.2m) | ($14.2m) | ($14.0m) | ($11.1m) | ($811k) | ($5.3m) | — | |
| Proceeds from exercise of stock options, net of shares withheld to cover | $357k | $121k | $202k | $359k | $1.5m | $618k | $1.4m | $104k | — | |
| Net cash for shares held to cover on restricted stock vesting | — | — | — | — | — | $0 | $0 | ($3.5m) | — | |
| Proceeds from public offering, expense true-up | $33.2m | — | — | $32.4m | $0 | $0 | $91.8m | $82k | — | |
| Interest paid | $3.9m | $6.5m | $6.5m | $3.8m | $20.1m | $91.4m | $123.7m | $119.1m | $115.9m | |
| Income taxes paid | $2.5m | $4.5m | $5.4m | $8.8m | $23.5m | $6.8m | $10.5m | $9.5m | — | |
| Fair value adjustment of securities available-for-sale, gross | ($210k) | $1.8m | $83k | ($37k) | ($3.0m) | $2.4m | $535k | $0 | — | |
| Lease liabilities arising from obtaining right-of-use assets | — | $9.6m | — | ($41k) | $0 | ($1.7m) | $122k | $501k | — | |
| Transfer from loans to loans held for sale | — | — | — | $0 | $152.5m | $599.9m | $1.5b | $6.7b | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.