Coastal Financial Corp (EVERETT) reports results for the quarter ended June 30 - Earnings Summary

Coastal Financial (EVERETT)

29/07/2025 12:21

Coastal Financial Corp (EVERETT) CCB.OQ reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 84 cents.  The mean expectation of four analysts for the quarter was for earnings of 84 cents per share. Wall Street expected results to range from 66 cents to $1.01 per share.

Revenue fell 12.3% to $119.43 million from a year ago; analysts expected $151.35 million.

Coastal Financial Corp (EVERETT)'s reported EPS for the quarter was 71 cents​.

The company reported quarterly net income of $11.03 million.

Coastal Financial Corp (EVERETT) shares had risen by 4.7% this quarter and gained 19.5% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 8.9% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is  "buy."

Wall Street's median 12-month price target for Coastal Financial Corp (EVERETT) is $105.00, about 3.4% above its last closing price of $101.46

This summary was machine generated from LSEG data July 29 at 11:21 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.84
0.71
Missed
Mar. 31 2025
0.84
0.63
Missed
Dec. 31 2024
0.92
0.94
Beat
Sep. 30 2024
0.95
0.97
Beat