Headquartered in Everett, WA Fiscal year ends December NASDAQ: CCB coastalbank.com
Coastal Financial Corporation (Nasdaq: CCB) is a bank holding company whose wholly owned subsidiaries are Coastal Community Bank and Arlington Olympic LLC. The Bank had $5.28 billion in assets and operates in three segments.
- **Community bank:** Provides commercial real estate, construction, commercial and industrial, residential and consumer lending, plus deposit services. It operates through 14 full-service branches in Snohomish, Island and King Counties in Washington, a loan production office, and online and mobile banking.
- **CCBX:** A banking-as-a-service (BaaS) business that partners with digital financial service providers, companies and brands to offer banking products to their customers. Products include credit cards, consumer installment loans, lines of credit, home equity lines of credit accessed by card, capital call lines to venture capital firms, debit cards and deposit programs. At September 30, 2026, CCBX had 31 partner relationships at varying stages.
- **Treasury & administration:** Covers treasury management and overall administration.
CCBX earns BaaS program income from servicing and other BaaS fees, transaction and interchange fees, and reimbursement of expenses. It also earns sweep fees and records BaaS indemnification income (credit and fraud enhancements) from partners that offsets related loan and fraud expenses.
The company sells large volumes of loans, including credit card receivables under forward flow and receivable sale agreements, while retaining the customer account relationship. Sold-receivable commitments were $7.78 billion at September 30, 2026. It also sweeps partner deposits off-balance sheet for FDIC insurance and liquidity purposes, with $6.29 billion swept at September 30, 2026. Partners generally provide credit and fraud enhancements and often pledge cash reserve accounts against losses.
At September 30, 2026, the loan book totaled $4.19 billion. Consumer loans were 39.5% of outstanding balances, commercial real estate 30.8%, residential real estate 12.5%, commercial and industrial 11.3%, and construction and land 5.9%. Updated
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Coastal Financial Corporation (Nasdaq: CCB) is a bank holding company whose wholly owned subsidiaries are Coastal Community Bank and Arlington Olympic LLC.
The Wall Street consensus 12-month price target for CCB is $53.25.
