Coastal Financial Corporation (CCB)

Over the past six months, Coastal Financial Corp. (CCB) stock has experienced several notable events and price movements. In January 2026, Coastal Financial Corporation acquired the GreenFi brand, leading to a stock surge followed by a decline due to profit-taking; CEO Eric Sprink sold shares. In December 2025, Director Steven D. Hovde sold shares, and the stock reached an all-time high. In October 2025, Coastal Financial reported its Q3 CY2025 results, beating analyst expectations. In September 2025, Curt T. Queyrouze resigned as President of Coastal Community Bank. In March 2025, Coastal Financial Corp. disclosed a material weakness in its financial reporting and restated its financial reports for full-year 2023 and for the first three quarters of 2024.

Specific information on the explicit demand seasonality for Coastal Financial Corp.'s traditional banking products and services is not detailed, the company's financial performance and growth in its CCBX segment can be influenced by several factors. Loan and deposit growth can fluctuate quarter-to-quarter, driven by the expansion of CCBX partner programs and the launch of new products. The company also notes that interest rate fluctuations can adversely affect earnings, particularly given its liability-sensitive interest rate profile. Noninterest expenses can also fluctuate due to new CCBX partners and product launches, with most costs occurring early in new launches before revenue generation begins.

Coastal Financial Corporation (CCB) is a bank holding company based in Everett, Washington, operating through its subsidiary, Coastal Community Bank. It operates in the Financials sector, specifically in the Regional Banks industry. The company's business is divided into Community Bank, CCBX, and treasury & administration segments.

Coastal Financial Corporation's geographic footprint is concentrated in the Puget Sound region of Washington State. The company operates 14 full-service banking locations across Snohomish, Island, and King Counties, and maintains one loan production office in King County. Its services are also accessible via the internet and a mobile banking application.

Coastal Financial's brand reputation has faced challenges and strategic advancements in the past year. The restatement of financial reports for 2023 and early 2024 due to accounting issues was a public relations concern. However, the acquisition of the GreenFi brand in January 2026 is intended to enhance the company's offerings and reinforce its position as a banking partner to fintech companies.

Coastal Financial Corporation has a significant institutional ownership presence, with 389 institutional owners and shareholders holding a total of 14,417,000 shares. Major institutional owners include T. Rowe Price Investment Management, Inc., BlackRock, Inc., Vanguard Group Inc, Azora Capital LP, American Century Companies Inc, Wellington Management Group Llp, and State Street Corp. CEO Eric Sprink directly owned 193,884 shares after a sale in January 2026, and Steven D. Hovde is a Director and 10% owner.