Coastal Financial Corporation (CCB) Misses Q1 EPS by 24c, provides outlook

Coastal Financial Corporation (NASDAQ: CCB) reported Q1 EPS of $0.63, $0.24 worse than the analyst estimate of $0.87. Revenue for the quarter came in at $139.54 million versus the consensus estimate of $156.63 million.

Management Outlook; CEO Eric Sprink

“Looking ahead to the balance of 2025, elevated onboarding activity is expected to continue into the second quarter as our CCBX pipeline remains very robust with high quality and potentially impactful opportunities. We plan to continue to invest in and enhance our technology and risk management infrastructure to support our next phase of CCBX growth. Our risk reduction efforts, namely our fraud and credit indemnifications via our partners, continued to function as expected despite the volatile macroeconomics conditions towards the end of first quarter. These efforts, plus additional growth in noninterest income should help mitigate the uncertainties associated with fluctuating interest rates and provide a stable, recurring income source.” said CEO Eric Sprink.

For earnings history and earnings-related data on Coastal Financial Corporation (CCB) click here.

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