COASTAL FINANCIAL CORP

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

CCB$42.91-1.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Item 8. Consolidated Statements of Cash Flows

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Year Ended December 31,
	2025	2024	2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$46,993	$45,219	$44,579
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	192,631	277,607	183,992
Depreciation and amortization	6,515	4,552	2,328
Loss on disposition of fixed assets	26	—	39
Decrease in operating lease right-of-use assets	899	835	833
Decrease in operating lease liabilities	(915)	(848)	(857)
Gain on sales of loans	—	—	(253)
Net amortization on investment securities	13	5	(25)
Unrealized holding loss (gain) on equity investment, net	414	(27)	(279)
Stock-based compensation	8,603	4,844	3,688
Increase in bank-owned life insurance value	(516)	(485)	27
Deferred tax expense	4,453	138	13,879
Net change in CCBX receivable	(10,052)	(5,050)	1,328
Net change in CCBX credit enhancement asset	4,233	(68,995)	(55,052)
Net change in CCBX payable	(1,679)	(1,119)	9,871
Net change in other assets and liabilities	2,966	3,110	(12,558)
Total adjustments	207,591	214,567	146,961
Net cash provided by operating activities	254,584	259,786	191,540
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of investment securities held-to-maturity	(5,145)	—	(50,244)
Net (increase) decrease in FRB and FHLB securities	(1,895)	(475)	730
Change in equity investments, net	(556)	(71)	(123)
Principal paydowns of investment securities available-for-sale	7	8	9
Principal paydowns of investment securities held-to-maturity	4,200	3,565	417
Maturities and calls of investment securities available-for-sale	—	100,000	250
Purchase of bank owned life insurance	(19)	(20)	(230)
Net cash paid in asset acquisition	(2,370)	—	—
Proceeds from sales of loans held for sale	6,637,989	1,524,870	600,199
Purchase of loans	26,330	(201,995)	(91,465)
Increase in loans receivable, net	(7,175,756)	(2,024,548)	(1,047,310)
Purchases of premises and equipment, net	(8,436)	(9,900)	(6,245)

CASH FLOWS FROM FINANCING ACTIVITIES
Net cash used by investing activities	(525,651)	(608,566)	(594,012)
Net increase in demand deposits, money market, and savings	564,127	225,779	553,932
Net decrease in time deposits	(5,260)	(811)	(11,089)
Proceeds from exercise of stock options, net of shares withheld to cover	104	1,396	618
Net cash for shares held to cover on restricted stock vesting	(3,529)	—	—
Proceeds from public offering, expense true-up	82	91,801	—
Net cash provided by financing activities	555,524	318,165	543,461
NET CHANGE IN CASH, DUE FROM BANKS AND RESTRICTED CASH	284,457	(30,615)	140,989
CASH, DUE FROM BANKS AND RESTRICTED CASH, beginning of year	452,513	483,128	342,139
CASH, DUE FROM BANKS AND RESTRICTED CASH, end of year	$736,970	$452,513	$483,128
SUPPLEMENTAL SCHEDULE OF OPERATING AND INVESTING ACTIVITIES
Interest paid	$119,079	$123,679	$91,436
Income taxes paid	$9,472	$10,540	$6,843
SUPPLEMENTAL SCHEDULE OF NONCASH TRANSACTIONS
Fair value adjustment of securities available-for-sale, gross	$—	$535	$2,418
Lease liabilities arising from obtaining right-of-use assets	$501	$122	$1,747
Transfer from loans to loans held for sale	$6,688,605	$1,545,470	$599,946
Adjustment to retained earnings - adoption of ASU 2016-13, net of deferred tax	$—	$—	$(734)
Settlement of receivables as consideration in asset acquisition	$2,166	$—	$—

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.