COASTAL FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
CCB$43.62+2.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Shareholders' Equity
| Shares of CommonStock · Amount of Common Stock · Retained Earnings · Accumulated Other ComprehensiveIncome (Loss) · Total | ||||||
|---|---|---|---|---|---|---|
| BALANCE, December 31, 2020 | 11,954,327 | $87,815 | $52,368 | $34 | 140,217 | |
| Net income | — | — | 27,005 | — | 27,005 | |
| Issuance of restricted stock awards | 10,714 | — | — | — | — | |
| Vesting of restricted stock units | 7,851 | — | — | — | — | |
| Exercise of stock options | 50,570 | 359 | — | — | 359 | |
| Stock-based compensation | — | 1,284 | — | — | 1,284 | |
| Stock issuance and net proceeds from public offering | 851,853 | 32,387 | — | — | 32,387 | |
| Other comprehensive loss, net of tax | — | — | — | (30) | (30) | |
| BALANCE, December 31, 2021 | 12,875,315 | $121,845 | $79,373 | $4 | $201,222 | |
| BALANCE, December 31, 2021 | 12,875,315 | $121,845 | $79,373 | $4 | $201,222 | |
| Net income | — | — | 40,625 | — | 40,625 | |
| Issuance of restricted stock awards | 10,396 | — | — | — | — | |
| Vesting of restricted stock units | 28,215 | — | — | — | — | |
| Exercise of stock options | 247,221 | 1,468 | — | — | 1,468 | |
| Stock-based compensation | — | 2,517 | — | — | 2,517 | |
| Stock issuance and net proceeds from public offering | — | — | — | — | — | |
| Other comprehensive loss, net of tax | — | — | — | (2,338) | (2,338) | |
| BALANCE, December 31, 2022 | 13,161,147 | $125,830 | $119,998 | $(2,334) | $243,494 | |
| BALANCE, December 31, 2022 | 13,161,147 | $125,830 | $119,998 | $(2,334) | $243,494 | |
| Net income | — | — | 44,579 | — | 44,579 | |
| Adjustment to retained earnings; adoption of ASU 2016- 13 | — | 0 | — | 734 | — | 734 |
| Issuance of restricted stock awards | 13,538 | — | — | — | — | |
| Vesting of restricted stock units | 46,520 | — | — | — | — | |
| Exercise of stock options | 83,134 | 618 | — | — | 618 | |
| Stock-based compensation | — | 3,688 | — | — | 3,688 | |
| Other comprehensive income, net of tax | — | — | — | 1,865 | 1,865 | |
| BALANCE, December 31, 2023 | 13,304,339 | $130,136 | $165,311 | $(469) | $294,978 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.