Washington bank restates earnings after reporting issues surface [Yahoo! Finance]
Coastal Financial Corporation (CCB)
Last coastal financial corporation earnings: 4/27 09:25 am
Check Earnings Report
Company Research
Source: Yahoo! Finance
Coastal Financial Corp. disclosed a material weakness in its financial reporting tied to variances in the treatment of interest income and expense between the company and unnamed banking-as-a-service partners. The accounting issue forced Coastal to restate full-year 2023 earnings, along with quarterly reports for the three months ended March 31, June 30 and Sept. 30 in 2024. While the restatements did not alter any bottom-line results, they're still something of a public relations black eye for the $4.1 billion-asset Coastal, according to one analyst. Coastal, based in Everett, Washington, is one of the industry's most active BaaS banks, providing embedded banking services to about two dozen fintechs. "We typically view this sort of announcement with trepidation," Brett Rabatin, who covers Coastal for Hovde, wrote Tuesday in a research note. Rabatin, however, added the resulting adjustments to the company's revenue and expense lines didn't impact his overall assessment, which
Show less
Read more
Impact Snapshot
Event Time:
CCB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CCB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CCB alerts
High impacting Coastal Financial Corporation news events
Weekly update
A roundup of the hottest topics
CCB
News
- Is Coastal Financial Corporation (CCB) an Attractive Investment? [Yahoo! Finance]Yahoo! Finance
- OnePay joins Google's Agent Payments Protocol to Define the Future of Agentic Payments [Yahoo! Finance]Yahoo! Finance
- Why Coastal Financial (CCB) Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
- CFES Accelerates 2025 Growth With 70% Membership Increase, Adds Coastal Community Bank to Bank Advisory Committee [Yahoo! Finance]Yahoo! Finance
- Coastal Financial (NASDAQ:CCB) had its price target raised by analysts at TD Cowen from $140.00 to $155.00. They now have a "buy" rating on the stock.MarketBeat
CCB
Earnings
- 10/30/25 - Miss
CCB
Sec Filings
- 12/11/25 - Form 4
- 12/9/25 - Form 4
- 12/8/25 - Form 4
- CCB's page on the SEC website