Coastal Financial Corporation functions as the parent company for Coastal Community Bank, providing a comprehensive suite of banking products and services. Its ...
Coastal Financial Corporation is a Washington-based financial services holding company that operates primarily through Coastal Community Bank. Founded in 1997 and headquartered in Everett, the company serves customers across the Puget Sound region through a network of approximately 14 full-service banking locations. Its core customer base includes small and medium-sized ...Coastal Financial Corporation is a Washington-based financial services holding company that operates primarily through Coastal Community Bank. Founded in 1997 and headquartered in Everett, the company serves customers across the Puget Sound region through a network of approximately 14 full-service banking locations. Its core customer base includes small and medium-sized businesses, professionals, entrepreneurs, and individual consumers. The bank combines the relationship-oriented model of a community bank with technology-enabled financial services intended to support modern businesses and embedded-finance providers.
The company’s deposit products include checking and savings accounts, money market accounts, certificates of deposit, and specialized business deposit accounts. For commercial customers, Coastal provides commercial and industrial term loans, working-capital facilities, equipment financing, commercial lines of credit, and Small Business Administration loans. Its real-estate lending portfolio includes loans for owner-occupied properties, investment real estate, multifamily housing, construction, land development, and residential mortgages. Consumer offerings include automobile, boat, recreational vehicle, secured-term, and overdraft-protection loans.
Digital and operational services are an important part of the company’s value proposition. Coastal offers online and mobile banking, debit cards, remote deposit capture, direct and reciprocal deposit services, and treasury-management tools. Business customers can access cash-management services designed to improve payment processing, liquidity management, account controls, and transaction visibility. These products allow the bank to compete not only on lending rates and deposit pricing, but also on convenience, responsiveness, and integrated financial workflows.
A distinctive business line is Coastal’s Banking as a Service platform. Through this platform, the bank enables broker-dealers, fintech companies, and digital financial providers to offer banking-related capabilities to their own users. This model can expand Coastal’s distribution beyond its physical branch footprint and create relationships with technology-oriented partners. It also introduces additional operational, compliance, cybersecurity, partner-concentration, and regulatory requirements that are important considerations for the business.
As a regulated bank holding company, Coastal’s financial performance is influenced by net interest income, deposit costs, loan growth, credit quality, interest-rate movements, securities portfolios, provision expenses, and noninterest revenue. The supplied market data identifies approximately 483 full-time employees and places the company in the regional-banks segment of the financial-services sector. Eric M. Sprink serves as chief executive officer; he joined the organization in 2006 as president and chief operating officer and became CEO in 2010. Coastal’s strategic focus is to maintain community-bank relationships while expanding scalable digital and embedded-finance services.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$661.2M
+14.7%
+70.0%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$47.0M
+3.9%
-450.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+52.8%
+73.7%
+8.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+9.3%
-6.8%
+60.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+7.1%
-9.4%
-306.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$246.1M
-1.5%
+6.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+37.2%
-14.1%
-37.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
11.8%
-2.7%
+8.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
728.91x
+540162.4%
+14.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.