Coastal Financial Corporation (CCB) 10-Year Financial Performance & Capital Metrics

CCB • • Banking & Credit

Financial ServicesRegional BanksDigital & Specialized BankingDigital Banking Platforms

AboutCoastal Financial Corporation operates as the bank holding company for Coastal Community Bank that provides various banking products and services to small to medium-sized businesses, professionals, and individuals in the Puget Sound region in Washington. It accepts a range of deposit products, including demand and savings accounts, time deposits, and money market accounts. The company offers commercial and industrial loans, including term loans, small business administration loans, commercial lines of credit, working capital loans, equipment financing, borrowing base loans, and other loan products; owner-occupied and non-owner-occupied real estate loans, and multi-family residential loans; construction and land development loans; residential real estate loans; and consumer and other loans, including automobile, boat and recreational vehicle, and secured term loans, as well as overdraft protection. It also provides remote deposit capture, online and mobile banking, and direct and reciprocal deposit services, as well as debit cards. In addition, the company offers business accounts and cash management services, including business checking and savings accounts, and treasury services, as well as banking as a service (BaaS), a platform that allows broker dealers and digital financial service providers to offer their clients banking services. It operates 14 full-service banking locations. Coastal Financial Corporation was founded in 1997 and is headquartered in Everett, Washington.Show more

Net Interest Income $273M +17.9%
Total Revenue $577M +30.9%
Net Income $45M +1.4%
Return on Equity 12.33% -25.6%
Net Interest Margin 6.61% +7.3%
Efficiency Ratio 20.45% -16.3%
ROA 1.15% -11.2%
Equity / Assets 10.65% +35.3%
Book Value per Share 31.62 +46.2%
Tangible BV/Share 31.62 +46.2%
Debt/Equity 0.12 -33.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 27.9%
✓Strong NIM of 6.6%
✓Efficient operations: 20.5% efficiency ratio
✓Well capitalized: 10.6% equity/assets
✓Good 3Y average ROE of 15.7%
✓Diversified revenue: 31.3% from non-interest income

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y41.74%

5Y58.94%

3Y76.17%

TTM-

Profit (Net Income) CAGR

10Y36.3%

5Y27.92%

3Y18.75%

TTM16.77%

EPS CAGR

10Y30.9%

5Y24.65%

3Y14.59%

TTM6.4%

ROCE

10Y Avg10.86%

5Y Avg14.78%

3Y Avg16.02%

Latest13.26%

Peer Comparison

Digital Banking Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GWREGuidewire Software, Inc.	14.12B	166.09	205.05	22.64%	7.23%	6%	2.09%	0.49
DAVEDave Inc.	2.34B	192.06	45.84	33.96%	29.87%	50.37%	5.33%	0.41
INTUIntuit Inc.	154.33B	554.58	40.57	15.63%	21.19%	21.31%	3.94%	0.34
CCBCoastal Financial Corporation	1.72B	113.69	34.98	30.92%	7.84%	10.04%	14.54%	0.12
SPNSSapiens International Corporation N.V.	2.43B	43.45	33.68	5.4%	11.4%	12.2%	2.97%	0.13
SSNCSS&C Technologies Holdings, Inc.	21B	86.05	28.68	6.89%	13.86%	12.2%	6.32%	1.09
TBBKThe Bancorp, Inc.	3.09B	70.39	16.41	16.11%	30.63%	29.28%	7.2%	0.16
CWANClearwater Analytics Holdings, Inc.	6.98B	24.19	14.40	22.72%	61.25%	19.6%	0.99%	0.07

Profit & Loss

	Dec 2014	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	25.94M	29.1M	34.66M	41.83M	57.15M	79.15M	171.43M	231.19M	272.59M
NII Growth %	-	-	0.12%	0.19%	0.21%	0.37%	0.38%	1.17%	0.35%	0.18%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	28.46M	31.98M	38.59M	48.41M	62.8M	82.8M	191.82M	322.83M	396.34M
Interest Expense	0	2.52M	2.88M	3.93M	6.58M	5.65M	3.65M	20.39M	91.64M	123.75M
Loan Loss Provision	0	1.92M	870K	1.83M	2.54M	8.31M	9.91M	79.06M	183.99M	277.61M
Non-Interest Income+	21.77M	4.98M	4.29M	5.62M	8.44M	8.12M	22.66M	40.42M	117.6M	180.27M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	21.77M	33.44M	36.27M	44.21M	56.84M	70.93M	105.46M	232.25M	440.43M	576.61M
Revenue Growth %	0.24%	0.54%	0.08%	0.22%	0.29%	0.25%	0.49%	1.2%	0.9%	0.31%
Non-Interest Expense	18.3M	21.54M	22.43M	26.22M	31.06M	37.83M	57.52M	82.17M	107.66M	117.94M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	6.58M	7.46M	10.09M	12.24M	16.66M	19.14M	34.38M	50.62M	57.13M	57.32M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.23%	0.13%	0.35%	0.21%	0.36%	0.15%	0.8%	0.47%	0.13%	0%
Pretax Income+	3.47M	7.46M	10.09M	12.24M	16.66M	19.14M	34.38M	50.62M	57.13M	57.32M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.13M	2.45M	4.65M	2.54M	3.46M	4M	7.37M	10M	12.55M	12.1M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	2.35M	5M	5.44M	9.7M	13.2M	15.15M	27M	40.63M	44.58M	45.22M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.15%	1.13%	0.09%	0.78%	0.36%	0.15%	0.78%	0.5%	0.1%	0.01%
Net Income (Continuing)	2.35M	5M	5.44M	9.7M	13.2M	15.15M	27M	40.63M	44.58M	45.22M
EPS (Diluted)+	0.25	0.44	0.48	0.91	1.08	1.24	2.16	3.01	3.27	3.25
EPS Growth %	0.14%	0.76%	0.09%	0.9%	0.19%	0.15%	0.74%	0.39%	0.09%	-0.01%
EPS (Basic)	0.25	0.44	0.48	0.93	1.11	1.27	2.25	3.14	3.36	3.35
Diluted Shares Outstanding	9.21M	11.4M	11.4M	10.61M	12.2M	12.21M	12.52M	13.52M	13.64M	13.88M

Balance Sheet

	Dec 2014	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	10.35M	86.97M	89.75M	125.78M	127.81M	163.12M	813.16M	342.14M	483.13M	452.51M
Short Term Investments	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	35K
Total Investments+	0	626.68M	690.79M	800.18M	964.85M	1.56B	1.77B	2.72B	3.18B	3.57B
Investments Growth %	-	-	0.1%	0.16%	0.21%	0.61%	0.14%	0.54%	0.17%	0.12%
Long-Term Investments	0	593.57M	653.86M	763.52M	936.49M	1.54B	1.73B	2.62B	3.08B	3.57B
Accounts Receivables	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	10.46M	13.1M	13.12M	13.17M	21.6M	24.23M	23.32M	23.23M	28.02M	32.65M
Other Assets	525.7M	8.72M	7.73M	7.94M	8.54M	9.18M	14.93M	16.9M	24.86M	27.02M
Total Current Assets	10.35M	121.81M	128.95M	164.97M	159.15M	192.13M	857.86M	467.69M	615.18M	487.79M
Total Non-Current Assets	536.16M	618.8M	676.8M	787.14M	969.37M	1.57B	1.78B	2.68B	3.13B	3.63B
Total Assets+	546.51M	740.61M	805.75M	952.11M	1.13B	1.77B	2.64B	3.14B	3.75B	4.12B
Asset Growth %	0.27%	0.36%	0.09%	0.18%	0.19%	0.56%	0.49%	0.19%	0.19%	0.1%
Return on Assets (ROA)	0%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	224K	228K	279K	308K	531K	2.2M	21.1M	31.18M	30.13M
Total Debt+	10.41M	28.51M	33.53M	33.55M	32.24M	199.62M	59.19M	52.82M	53.86M	53.28M
Net Debt	62K	-58.46M	-56.22M	-92.24M	-95.57M	36.5M	-753.97M	-289.32M	-429.27M	-399.23M
Long-Term Debt	10.41M	28.51M	33.53M	33.55M	23.56M	38.58M	52.87M	47.59M	47.73M	47.88M
Short-Term Debt	0	0	0	0	0	153.72M	0	0	0	0
Other Liabilities	483.58M	3.31M	2.99M	5.51M	3.85M	4.45M	9.12M	9.53M	9.62M	13.76M
Total Current Liabilities	219K	648.89M	703.52M	803.89M	968.27M	1.58B	2.37B	2.84B	3.39B	3.62B
Total Non-Current Liabilities	493.77M	31.83M	36.52M	39.06M	36.09M	50.35M	68.31M	62.35M	63.48M	67.04M
Total Liabilities	493.99M	680.71M	740.04M	842.95M	1B	1.63B	2.43B	2.9B	3.46B	3.68B
Total Equity+	52.52M	59.9M	65.71M	109.16M	124.17M	140.22M	201.22M	243.49M	294.98M	438.7M
Equity Growth %	0.36%	0.14%	0.1%	0.66%	0.14%	0.13%	0.44%	0.21%	0.21%	0.49%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.05%	0.09%	0.09%	0.11%	0.11%	0.11%	0.16%	0.18%	0.17%	0.12%
Book Value per Share	5.70	5.25	5.76	10.29	10.18	11.48	16.07	18.02	21.63	31.62
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	51.86M	52.22M	52.52M	86.43M	86.98M	87.81M	121.84M	125.83M	130.14M	228.18M
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	691K	8.7M	14.13M	24.02M	37.22M	52.37M	79.37M	120M	165.31M	210.53M
Accumulated OCI	-29K	-1.02M	-944K	-1.3M	-32K	34K	4K	-2.33M	-469K	-2K
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	29K	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2014	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.12M	7.12M	7.62M	14.4M	13.67M	19.33M	29.85M	67.1M	191.54M	259.79M
Operating CF Growth %	-0.11%	0.73%	0.07%	0.89%	-0.05%	0.41%	0.54%	1.25%	1.85%	0.36%
Net Income	2.35M	5M	5.44M	9.7M	13.2M	15.15M	27M	40.63M	44.58M	45.22M
Depreciation & Amortization	487K	895K	993K	1.07M	1.24M	1.36M	1.59M	1.81M	2.33M	4.55M
Deferred Taxes	0	-323K	1.28M	-382K	-561K	-1.07M	-3.01M	-11.02M	13.88M	138K
Other Non-Cash Items	1.15M	1.09M	587K	1.38M	1.66M	8.48M	6.82M	79.2M	183.47M	277.58M
Working Capital Changes	-15K	306K	-968K	2.32M	-2.3M	-5.21M	-3.84M	-46.04M	-56.41M	-72.55M
Cash from Investing+	-114.66M	-118.69M	-61.76M	-139.12M	-164.55M	-666.54M	-239.64M	-987.95M	-594.01M	-608.57M
Purchase of Investments	0	-58.02M	-5.59M	-86K	-33.87M	-31.94M	-118.44M	-137.14M	-50.24M	-546K
Sale/Maturity of Investments	0	1000K	1000K	229K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	-19.98M	0	0	0
Other Investing	-109.35M	-97.49M	-56.89M	-138.12M	-169.64M	-668.72M	-202.67M	-918.24M	-538.81M	-701.69M
Cash from Financing+	114.56M	113.2M	59.65M	133.92M	154.47M	622.26M	859.84M	449.83M	543.46M	318.17M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	-4K	-3K	0	0	0	0	0	0	0
Stock Issued	0	0	0	33.24M	0	0	32.39M	0	0	91.8M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	0	-1000K	1000K	-1000K	-1000K	0	0
Other Financing	113.56M	105.08M	54.66M	100.68M	164.47M	453.55M	966.9M	455.2M	543.46M	226.36M
Net Change in Cash+	4.02M	1.64M	5.51M	9.2M	3.59M	-24.95M	650.04M	-471.02M	140.99M	-30.61M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	6.51M	9.45M	25.61M	31.12M	40.32M	43.91M	163.12M	813.16M	342.14M	483.13M
Cash at End	10.53M	11.08M	31.12M	40.32M	43.91M	18.96M	813.16M	342.14M	483.13M	452.51M
Interest Paid	0	2.54M	2.87M	3.88M	6.55M	6.55M	3.82M	20.07M	91.44M	123.68M
Income Taxes Paid	0	2.37M	3.82M	2.52M	4.48M	5.36M	8.76M	23.5M	6.84M	10.54M
Free Cash Flow+	-1.19M	6.21M	6.56M	13.25M	12.46M	13.96M	27.25M	64.26M	185.29M	249.89M
FCF Growth %	-1.28%	6.22%	0.06%	1.02%	-0.06%	0.12%	0.95%	1.36%	1.88%	0.35%

Banking Ratios

Metric	2014	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.16%	8.9%	8.66%	11.1%	11.32%	11.46%	15.82%	18.27%	16.56%	12.33%
Return on Assets (ROA)	0.48%	0.78%	0.7%	1.1%	1.27%	1.05%	1.23%	1.41%	1.29%	1.15%
Net Interest Margin	0%	3.5%	3.61%	3.64%	3.71%	3.24%	3%	5.45%	6.17%	6.61%
Efficiency Ratio	84.05%	64.41%	61.86%	59.3%	54.65%	53.33%	54.54%	35.38%	24.44%	20.45%
Equity / Assets	9.61%	8.09%	8.16%	11.46%	11%	7.94%	7.64%	7.74%	7.87%	10.65%
Book Value / Share	5.7	5.25	5.76	10.29	10.18	11.48	16.07	18.02	21.63	31.62
NII Growth	-	-	12.19%	19.11%	20.69%	36.62%	38.5%	116.58%	34.86%	17.91%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Baa S Fees	-	2.06M	2.37M	17.31M	105.94M	-	282.67M
Baa S Fees Growth	-	-	14.81%	631.80%	512.15%	-	-
Interchange Income	1.44M	1.35M	1.5M	-	2.06M	-	2M
Interchange Income Growth	-	-5.71%	10.86%	-	-	-	-
Deposit Account Other	706K	780K	778K	855K	931K	-	1.05M
Deposit Account Other Growth	-	10.48%	-0.26%	9.90%	8.89%	-	-
Financial Service, Other	-	-	-	-	346K	-	692K
Financial Service, Other Growth	-	-	-	-	-	-	-
Merchant Service Fees	455K	494K	478K	568K	508K	-	487K
Merchant Service Fees Growth	-	8.57%	-3.24%	18.83%	-10.56%	-	-
Earnings On Life Insurance	188K	194K	200K	172K	361K	-	486K
Earnings On Life Insurance Growth	-	3.19%	3.09%	-14.00%	109.88%	-	-
Lease And Sublease Income	81K	58K	122K	126K	157K	-	204K
Lease And Sublease Income Growth	-	-28.40%	110.34%	3.28%	24.60%	-	-
Deposit Account Overdraft Fees	464K	479K	334K	316K	310K	-	198K
Deposit Account Overdraft Fees Growth	-	3.23%	-30.27%	-5.39%	-1.90%	-	-
Loan Referral Fees	618K	1.44M	1.73M	2.13M	810K	-	168K
Loan Referral Fees Growth	-	132.69%	20.03%	23.17%	-61.90%	-	-
Loan Servicing Fees	138K	70K	140K	248K	223K	-	142K
Loan Servicing Fees Growth	-	-49.28%	100.00%	77.14%	-10.08%	-	-
Gain Loss On Equity Investment	-	-	-	1.47M	-153K	-	27K
Gain Loss On Equity Investment Growth	-	-	-	-	-110.42%	-	-
C C B X	-	-	-	-	-	184.93M	-
C C B X Growth	-	-	-	-	-	-	-
Community Bank	-	-	-	-	-	-	-
Community Bank Growth	-	-	-	-	-	-	-
Mortgage Banking	215K	447K	655K	920K	257K	-	-
Mortgage Banking Growth	-	107.91%	46.53%	40.46%	-72.07%	-	-
Deposit Account	-	-	-	3.7M	-	-	-
Deposit Account Growth	-	-	-	-	-	-	-
Financial Service	-	-	-	2.13M	-	-	-
Financial Service Growth	-	-	-	-	-	-	-
Gain On Sale Of Branch	-	-	-	1.26M	-	-	-
Gain On Sale Of Branch Growth	-	-	-	-	-	-	-
Gain On Sale Of Loan	264K	490K	82K	396K	-	-	-
Gain On Sale Of Loan Growth	-	85.61%	-83.27%	382.93%	-	-	-
Financial Service Other	193K	223K	201K	393K	-	-	-
Financial Service Other Growth	-	15.54%	-9.87%	95.52%	-	-	-
Impairment On Equity Investment	-	-	-400K	-	-	-	-
Impairment On Equity Investment Growth	-	-	-	-	-	-	-
Gain On Sale Of Securities	-	171K	-	-	-	-	-
Gain On Sale Of Securities Growth	-	-	-	-	-	-	-
Bank Servicing	709K	-	-	-	-	-	-
Bank Servicing Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Coastal Financial Corporation (CCB) has a price-to-earnings (P/E) ratio of 35.0x. This suggests investors expect higher future growth.

Growth & Financials

Coastal Financial Corporation (CCB) grew revenue by 30.9% over the past year. This is strong growth.

Yes, Coastal Financial Corporation (CCB) is profitable, generating $47.7M in net income for fiscal year 2024 (7.8% net margin).

Dividend & Returns

Coastal Financial Corporation (CCB) has a return on equity (ROE) of 12.3%. This is reasonable for most industries.

Industry Metrics

Coastal Financial Corporation (CCB) has a net interest margin (NIM) of 6.6%. This indicates healthy earnings from lending activities.

Coastal Financial Corporation (CCB) has an efficiency ratio of 20.5%. This is excellent, indicating strong cost control.

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