Coastal Financial Corporation has released its third-quarter 2025 financial results, showcasing significant improvements and growth across various key metrics compared to the previous quarter.
Total loans receivable increased by $163.5 million, or 4.6%, from the prior quarter, reflecting continued growth across core lending categories. Additionally, total deposits reached $3.97 billion, up $59.0 million, or 1.5%, over the prior quarter, supported by stable customer relationships and deposit inflows.
Core net revenue grew by 1.3% from the quarter ended June 30, 2025, while total revenue increased by 21.1% from the prior quarter, driven by higher credit enhancement revenue associated with increased provision for credit losses.
In terms of financial performance, Coastal Financial Corporation reported a diluted EPS of $0.88, compared to $0.71 in the last quarter, and a return on assets (ROA) of 1.19% in the third quarter of 2025, compared to 0.99% in the previous quarter and 1.34% in the same period last year. Net income also saw a significant increase, reaching $13.6 million, up 23.2% over the last quarter.
The company's loan strategy includes a focus on shorter-term loans and interest rate swaps, while its deposit strategy involves funding from noninterest-bearing deposits, savings, and money markets versus term deposits.
Coastal Financial Corporation remains well-positioned for rate changes, with a modestly liability-sensitive balance sheet and a significant portion of assets and liabilities repricing within three months as of September 30, 2025.
Today the company's shares have moved -1.78% to a price of $104.84. For the full picture, make sure to review COASTAL FINANCIAL CORP's 8-K report.
