Coastal Financial (CCB)
Runs community banking in Puget Sound and CCBX Banking-as-a-Service for fintech partners.
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Operates a Washington community bank and CCBX, a Banking-as-a-Service platform that lets digital financial-service partners offer banking services. The model combines local deposits and lending with partner programs whose growth depends on onboarding, product expansion, and sponsor-bank controls.
Community banking provides deposits and loans to consumers and small to medium-sized businesses in the broader Puget Sound region, with branch, internet, and mobile access.
CCBX extends the bank through Banking-as-a-Service, letting digital financial-service partners, companies, and brands offer banking services to their own customers. Product activity spans deposit programs, credit cards, lines of credit, and other lending products, while treasury and administration holds investments, debt, and other shared items.
Execution depends on two operating systems: local deposit and lending discipline in Washington, and sponsor-bank oversight for fintech partner programs. Recent context includes a restatement tied to certain fintech partner loans and identified internal-control weaknesses, so the CCBX model is shaped by partner growth, credit enhancements, and control quality.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | Cowen & Co. | Reiterate | Rating: —Target: — | Target: $47 |
| Jul 31, 2026 | Raymond James | Downgrade | Target: $105 | Target: $50 |
| May 1, 2026 | Stephens | Target | Target: — | Target: $110 |
| Dec 5, 2025 | UBS | Target | Target: — | Target: $155 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $48.1M · Total debt $52.6M · Total assets $5.46B · Shareholders' equity $463.4M
- Revenue
- $302.1M
- Operating income
- $39.7M
- Net income
- −$42.1M
No dividends on record.
| Institutions | 85.17% | 12.99M shares | |
|---|---|---|---|
| 204 holders · as of Jun 30, 2026 | |||
| Insiders | 25.33% | 3.86M shares | |
| 23 holders · as of Sep 1, 2026 | |||
| Adds to | 110.50% | ||
15.25M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 110.50%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Steven D. HovdeInsiderdirector, 10 percent owner | 11.44% | 1.74M | filed Aug 7, 2026 |
of 9 PagesInsider | 9.81% | 1.50M | filed Jun 5, 2019 |
T. Rowe Price Investment Management, Inc.Institution | 8.88% | 1.35M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.23% | 1.10M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.82% | 582,971 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 7, 2026 | Christopher D. Adams | director, officer: Executive Chair | +290 | $45.15 |
| Aug 6, 2026 | Eric M. Sprink | director, officer: CEO | +10,000 | $44.45 |
| Aug 6, 2026 | Steven D. Hovde | director, 10 percent owner: | +10,000 | $43.83 |
| Aug 5, 2026 | Steven D. Hovde | director, 10 percent owner: | +5,000 | $44.00 |
| Jun 2, 2026 | Brian T. Hamilton | director, officer: President of CCBX | −7,000 | $71.42 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Coastal Financial | $45.09 | −0.11% | $688.3M | — | 9.3 | 0.9 | +54.6% |
| The Bancorp | $50.83 | +0.40% | $2.09B | 9.5 | 7.3 | 2.8 | −24.0% |
| Pathward Financial | $74.56 | +0.11% | $1.60B | 9.5 | 7.9 | 2.0 | −3.1% |
| FinWise Bancorp | $11.84 | +0.08% | $168.0M | 12.8 | 14.6 | 0.8 | +116.8% |
| Green Dot | $13.21 | −0.08% | $745.3M | — | 8.2 | 0.3 | +17.3% |
| Customers Bancorp | $77.35 | −0.03% | $2.67B | 9.6 | 8.6 | 1.8 | +12.4% |
| Banner | $68.88 | −0.01% | $2.37B | 11.5 | 11.3 | 3.6 | +6.1% |
| Heritage Financial | $28.22 | −0.07% | $1.15B | 13.3 | 12.1 | 3.4 | +48.9% |
| Columbia Banking System | $29.91 | +1.94% | $8.46B | 11.9 | 9.4 | 2.4 | +33.1% |
| Median | 11.5 | 9.0 | 2.2 | +14.8% |