Coastal Financial Corp

Coastal Financial Corporation (Nasdaq: CCB) is a $5.46 billion bank holding company operating through its wholly owned subsidiary, Coastal Community Bank. The company operates three segments: CCBX (Banking as a Service), which provides BaaS solutions to digital financial service providers, companies and brands seeking to offer financial products to their customers; a community bank segment serving customers through 14 full-service branches in Snohomish, Island and King Counties, Washington; and a treasury & administration segment. The CCBX platform partners with fintech companies and other organizations to offer credit cards, deposit programs, lines of credit, asset-backed credit cards, capital call lines, home equity lines of credit, and other lending products. As of June 30, 2026, Coastal maintained 30 CCBX relationships at various stages, with 22 active partners. CCBX gross loans receivable totaled $2.23 billion, with credit cards (33.8%), installment loans (33.2%), and home equity lines of credit (14.6%) as the largest product categories. The company employs a capital-efficient model that includes significant loan sales (selling $4.56 billion in Q2 2026) and off-balance sheet deposit sweep arrangements ($4.26 billion swept off-balance sheet), enabling the bank to generate fee income without proportional balance sheet growth. CCBX sold receivable commitments totaled $6.15 billion. The community bank provides traditional commercial and consumer banking services including commercial real estate, commercial and industrial, residential real estate, and construction lending. The company's diversified loan portfolio of $4.22 billion spans commercial real estate (31.3%), consumer loans (39.9%), residential real estate (12.4%), commercial and industrial (11.1%), and construction (5.3%). Updated Jul 30, 2026