Coastal Financial Corp - Understand $ccb stock

$CCB Market Cap: $1.038 Billion

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Financial Snapshot

Revenue

$293.0M

TTM

Gross Margin

Net Earnings

$40.86M

TTM

Current Assets

Current Liabilities

$45.87M

Q3 2024

Current Ratio

Total Assets

$4.066B

Q3 2024

Total Liabilities

$3.734B

Q3 2024

Book Value

$331.9M

Q3 2024

Cash

$484.0M

Q3 2024

P/E

25.40

Nov 29, 2024 EST

Free Cash Flow

$238.9M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Revenue	$330.4M	$192.2M	$83.08M		$48.59M	$38.74M	$32.11M
YoY Change	71.92%	131.3%			25.41%	20.65%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2019	2018	2017
Revenue	$330.4M	$192.2M	$83.08M	$48.59M	$38.74M	$32.11M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.300M	$1.800M	$1.587M	$1.400M	$1.241M	$1.071M	$993.0K	$900.0K	$3.560M	$2.760M	$2.180M	$2.370M	$2.070M	$1.560M	$1.420M	$1.210M	$1.030M	$870.0K	$740.0K	$550.0K	$530.0K	$520.0K	$570.0K	$610.0K
YoY Change	27.78%	13.42%	13.36%	12.81%	15.87%	7.85%	10.33%		28.99%	26.61%	-8.02%	14.49%	32.69%	9.86%	17.36%	17.48%	18.39%	17.57%	34.55%	3.77%	1.92%	-8.77%	-6.56%	-6.15%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	$91.64M	$20.40M	$3.646M	$5.652M	$6.576M	$3.926M	$2.875M
YoY Change	349.35%	459.38%	-35.49%	-14.05%	67.5%	36.56%
% of Operating Profit
Other Income/Expense, Net	$15.93M	$13.89M	$9.469M
YoY Change	14.7%	46.65%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Pretax Income	$57.13M	$50.62M	$34.38M	$19.14M	$16.66M	$12.24M	$10.09M	$7.500M	$29.20M	$26.10M	$22.40M	$17.30M	$16.10M	$14.60M	$13.20M	$12.10M	$10.80M	$9.100M	$5.900M	$6.000M	$5.100M	$5.600M	$4.200M	$3.200M
YoY Change	12.86%	47.25%	79.6%	14.88%	36.11%	21.34%	34.52%	66.67%	11.88%	16.52%	29.48%	7.45%	10.27%	10.61%	9.09%	12.04%	18.68%	54.24%	-1.67%	17.65%	-8.93%	33.33%	31.25%	39.13%
Income Tax	$12.55M	$9.996M	$7.372M	$3.995M	$3.461M	$2.541M	$4.653M	$2.500M	$10.20M	$9.000M	$7.600M	$6.100M	$5.900M	$5.300M	$4.700M	$4.400M	$4.000M	$3.400M	$2.200M	$2.200M	$1.900M	$2.300M	$1.600M	$1.100M
% Of Pretax Income	21.97%	19.75%	21.44%	20.87%	20.77%	20.76%	46.12%	33.33%	34.93%	34.48%	33.93%	35.26%	36.65%	36.3%	35.61%	36.36%	37.04%	37.36%	37.29%	36.67%	37.25%	41.07%	38.1%	34.38%
Net Earnings	$44.58M	$40.63M	$27.01M	$15.15M	$13.20M	$9.701M	$5.436M	$5.000M	$19.00M	$17.20M	$14.80M	$11.20M	$10.20M	$8.600M	$8.500M	$7.700M	$6.900M	$5.800M	$3.700M	$3.700M	$3.800M	$3.300M	$2.500M	$2.100M
YoY Change	9.73%	50.44%	78.3%	14.73%	36.08%	78.46%	8.72%	66.67%	10.47%	16.22%	32.14%	9.8%	18.6%	1.18%	10.39%	11.59%	18.97%	56.76%	0.0%	-2.63%	15.15%	32.0%	19.05%	40.0%
Net Earnings / Revenue	13.49%	21.14%	32.5%		27.17%	25.04%	16.93%
Basic Earnings Per Share	$3.36	$3.14	$2.25	$1.27	$1.11	$0.93	$0.59
Diluted Earnings Per Share	$3.27	$3.006M	$2.16	$1.24	$1.08	$0.91	$0.59	$438.6K	$848.2K	$764.4K	$669.7K	$518.5K	$478.9K	$401.9K	$388.1K	$346.8K	$310.8K	$263.6K	$171.3K	$173.7K	$172.7K	$149.3K	$118.5K	$101.4K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$28.02M	$23.23M	$23.30M	$24.20M	$21.60M	$13.20M	$13.10M	$13.10M	$29.90M	$22.80M	$18.80M	$16.10M	$13.70M	$13.20M	$11.50M	$11.20M	$9.000M	$7.600M	$5.700M	$5.400M	$4.800M	$4.800M	$5.000M	$5.200M
YoY Change	20.62%	-0.3%	-3.72%	12.04%	63.64%	0.76%	0.0%		31.14%	21.28%	16.77%	17.52%	3.79%	14.78%	2.68%	24.44%	18.42%	33.33%	5.56%	12.5%	0.0%	-4.0%	-3.85%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$3.806M	$18.46M	$6.800M	$3.800M	$2.700M	$2.500M	$2.100M	$3.400M
YoY Change	-79.38%	171.44%	78.95%	40.74%	8.0%	19.05%	-38.24%
Total Long-Term Assets
YoY Change
Total Assets	$3.753B	$3.144B	$2.636B	$1.766B	$1.129B	$952.1M	$805.8M	$740.6M	$1.660B	$1.544B	$1.305B	$1.181B	$950.8M	$763.2M	$768.8M	$713.0M	$643.6M	$494.0M	$459.7M	$401.2M	$375.0M	$335.3M	$328.2M	$300.1M
YoY Change
Accounts Payable	$34.54M	$684.0K	$400.0K	$500.0K	$300.0K	$300.0K	$200.0K	$200.0K
YoY Change	4950.15%	71.0%	-20.0%	66.67%	0.0%	50.0%	0.0%
Accrued Expenses	$6.124M	$5.234M	$6.300M	$7.300M	$8.700M				$4.700M	$3.400M	$1.500M	$1.300M	$1.500M	$1.200M	$2.500M	$1.200M	$1.400M
YoY Change	17.0%	-16.92%	-13.7%	-16.09%					38.24%	126.67%	15.38%	-13.33%	25.0%	-52.0%	108.33%	-14.29%
Deferred Revenue
YoY Change
Short-Term Debt									$74.10M	$54.80M	$110.0M	$136.2M	$39.40M	$21.30M	$78.30M	$98.30M	$60.80M	$3.700M	$5.300M	$5.000M	$3.800M	$1.900M	$2.700M	$1.800M
YoY Change									35.22%	-50.18%	-19.24%	245.69%	84.98%	-72.8%	-20.35%	61.68%	1543.24%	-30.19%	6.0%	31.58%	100.0%	-29.63%	50.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$40.67M	$5.918M	$6.700M	$7.800M	$9.000M	$300.0K	$200.0K	$200.0K	$4.700M	$3.400M	$1.500M	$1.300M	$1.500M	$1.200M	$2.500M	$1.200M	$1.400M	$3.700M	$5.300M	$5.000M	$3.800M	$1.900M	$2.700M	$1.800M
YoY Change	587.17%	-11.67%	-14.1%	-13.33%	2900.0%	50.0%	0.0%		38.24%	126.67%	15.38%	-13.33%	25.0%	-52.0%	108.33%	-14.29%	-62.16%	-30.19%	6.0%	31.58%	100.0%	-29.63%	50.0%
Long-Term Debt	$47.73M	$47.59M	$27.90M	$167.3M	$13.60M	$13.50M	$13.50M	$13.50M	$15.50M	$15.50M	$15.50M	$15.00M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.31%	70.56%	-83.32%	1130.15%	0.74%	0.0%	0.0%		0.0%	0.0%	3.33%
Other Long-Term Liabilities	$9.624M	$29.95M	$11.00M	$4.500M	$3.800M	$5.500M	$3.000M	$3.300M	$7.200M	$11.40M	$9.200M	$12.00M	$13.30M	$9.800M	$6.300M	$5.700M	$4.500M	$7.900M	$7.300M	$3.400M	$2.600M	$1.700M	$1.800M	$2.100M
YoY Change	-67.86%	172.25%	144.44%	18.42%	-30.91%	83.33%	-9.09%		-36.84%	23.91%	-23.33%	-9.77%	35.71%	55.56%	10.53%	26.67%	-43.04%	8.22%	114.71%	30.77%	52.94%	-5.56%	-14.29%
Total Long-Term Liabilities	$57.36M	$77.53M	$38.90M	$171.8M	$17.40M	$19.00M	$16.50M	$16.80M	$22.70M	$26.90M	$24.70M	$27.00M	$13.30M	$9.800M	$6.300M	$5.700M	$4.500M	$7.900M	$7.300M	$3.400M	$2.600M	$1.700M	$1.800M	$2.100M
YoY Change	-26.02%	99.32%	-77.36%	887.36%	-8.42%	15.15%	-1.79%		-15.61%	8.91%	-8.52%	103.01%	35.71%	55.56%	10.53%	26.67%	-43.04%	8.22%	114.71%	30.77%	52.94%	-5.56%	-14.29%
Total Liabilities	$3.458B	$2.901B	$2.434B	$1.626B	$1.004B	$843.0M	$740.0M	$680.7M	$1.547B	$1.446B	$1.220B	$1.108B	$884.4M	$706.0M	$721.9M	$671.8M	$605.7M	$461.6M	$432.0M	$376.4M	$351.9M	$313.5M	$309.7M	$284.2M
YoY Change	19.21%	19.17%	49.72%	61.88%	19.15%	13.92%	8.71%		6.95%	18.57%	10.13%	25.23%	25.27%	-2.2%	7.46%	10.91%	31.22%	6.85%	14.77%	6.96%	12.25%	1.23%	8.97%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	13.26M shares	12.95M shares	12.02M	11.92M	11.90M	10.44M	9.234M
Diluted Shares Outstanding	13.64M shares	13.51M shares	12.52M	12.21M	12.20M	10.61M	9.238M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.038 Billion

About COASTAL FINANCIAL CORP

Coastal Financial Corp. is a bank holding company, which engages in the provision of banking products and services to small and medium-sized businesses, professionals, and individuals. The company is headquartered in Everett, Washington and currently employs 507 full-time employees. The company went IPO on 2018-07-18. The firm operates through three segments: CCBX, the Community Bank and treasury & administration. The CCBX segment provides banking as a service (BaaS) activities that allows its broker-dealer and digital financial service partners to offer their customers banking services. The company offers a variety of loans to business owners, including commercial and industrial loans and commercial real estate loans secured by owner-occupied commercial properties. The Community Bank segment provides a range of banking products and services to consumers and small to medium sized businesses in the broader Puget Sound region in the state of Washington and through the Internet and its mobile banking application. The treasury and administration segment includes treasury management, overall administration and all other aspects of the Company.

Industry: State Commercial Banks Peers: ARROW FINANCIAL CORP CAMBRIDGE BANCORP CAPITAL CITY BANK GROUP INC CNB FINANCIAL CORP/PA FIRST COMMUNITY BANKSHARES INC /VA/ FIRST FINANCIAL CORP /IN/ HBT Financial, Inc. MetroCity Bankshares, Inc. Midland States Bancorp, Inc. PNC FINANCIAL SERVICES GROUP, INC.