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XNAS
CCB
Market cap651mUSD
Oct 09, Last price  
40.74USD
1D
4.32%
1Q
-45.58%
IPO
165.05%
Name

Coastal Financial Corp (EVERETT)

Chart & performance

D1W1MN
XNAS:CCB chart
P/E
13.22
P/S
0.94
EPS
3.08
Div yield, %
—
Shrs. gr., 5y
4.82%
Rev. gr., 5y
56.28%
Revenues
661m
+14.67%
17,620,00021,774,00033,437,00036,267,00044,210,00056,845,00070,926,000105,457,000232,248,000440,428,000576,612,000661,225,000
Net income
47m
+3.92%
2,043,0002,347,0005,003,0005,436,0009,701,00013,201,00015,146,00027,005,00040,625,00044,579,00045,219,00046,993,000
CFO
255m
-2.00%
4,648,0004,122,0007,117,0007,617,00014,402,00013,671,00019,330,00029,847,00067,098,000191,540,000259,786,000254,584,000

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Profile

Coastal Financial Corporation functions as the parent company for Coastal Community Bank, providing a comprehensive suite of banking products and services. Its clientele includes small and medium-sized businesses, professionals, and individuals across the Puget Sound region of Washington. The bank offers various deposit options, such as checking and savings accounts, certificates of deposit, and money market accounts. Lending activities cover commercial and industrial needs, including term loans, Small Business Administration (SBA) loans, commercial lines of credit, and financing for working capital and equipment. Real estate lending encompasses owner-occupied and investment properties, multi-family residences, and construction and land development projects, alongside standard residential mortgages. Consumer loan products range from automobile, boat, and recreational vehicle financing to secured term loans and overdraft protection. Digital banking services include remote deposit capture, online and mobile access, and direct and reciprocal deposit services, complemented by debit cards. Furthermore, the company delivers specialized business accounts and cash management solutions, such as business checking and savings accounts and treasury services. A distinctive offering is its Banking as a Service (BaaS) platform, enabling broker-dealers and digital financial providers to extend banking capabilities to their own customers. Operating with 14 full-service banking locations, Coastal Financial Corporation was established in 1997 and is headquartered in Everett, Washington.

Key people

Eric M. Sprink
President, Chief Executive Officer, Director · since 2010
John J. Dickson
Chief Operating Officer, Executive Vice President · since 2010
Joel G. Edwards
Chief Financial Officer, Executive Vice President, Corporate Secretary · since 2012
Russ A. Keithley
Executive Vice President, Chief Lending Officer · since 2015
Daniel J. Lee
Executive Vice President and Chief Credit, Risk Officer · since 2018
CHRISTOPHER D. ADAMS
Director · since 2016
Andrew R. Dale
Director · since 2011
John M. Haugen
Director · since 1997
Steven D. Hovde
Director · since 2011
Stephan Klee
Director · since 2018
Andrew P. Skotdal
Director · since 1997
Gregory A. Tisdel
Director · since 2002
IPO date
Jul 18, 2018
Employees
482
Domiciled in
US
Incorporated in
US
Headquarters & legal address
c/o Coastal Community Bank, 5415 Evergreen Way
Everett, WA 98203-3646
US

Valuation

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