Coastal Financial Q3 2026 swings to net income of $13.79 million from prior-quarter loss

Bitget2026/10/29 10:49

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Coastal Financial swung to third-quarter 2026 net income of $13.79 million from a loss in the previous quarter.
Revenue fell 16% quarter over quarter to $149.33 million, largely due to lower BaaS credit enhancement income.
Noninterest expense dropped 40% from the previous quarter to $84.84 million, primarily due to the absence of a credit-enhancement receivable valuation adjustment.
Provision for credit losses declined 50% quarter over quarter to $46.02 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coastal Financial Corp. published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Coastal Financial Q3 2026 swings to net income of $13.79 million from prior-quarter loss

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