Coastal Financial Corporation (CCB) reported third-quarter 2026 net income of $13.8 million, or $0.89 per diluted share, compared with a net loss of $42.1 million, or $2.76 per diluted share, in the second quarter.
For the quarter ended September 30, net interest income was $88.3 million and noninterest income was $61.0 million. The company reported $84.8 million of noninterest expense, down from $141.1 million in the prior quarter.
- Basic earnings per share were $0.90; diluted earnings per share were $0.89.
- BaaS program fee income totaled $14.1 million, up 17.6% from the second quarter and 79.6% from a year earlier.
- Total deposits were $4.68 billion at September 30, 2026.
- Community bank deposits rose $63.2 million, or 4.0%, to $1.64 billion.
- Cash and cash equivalents totaled $803.6 million, with $827.4 million of additional contingent borrowing capacity.
- The company scheduled its third-quarter conference call for October 29, 2026, at 8 a.m. ET.
$CCB Insider Trading Activity
$CCB insiders have traded $CCB stock on the open market 6 times in the past 6 months. Of those trades, 4 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CCB stock by insiders over the last 6 months:
- BRIAN T HAMILTON (President of CCBX) has made 0 purchases and 2 sales selling 10,079 shares for an estimated $732,233.
- STEVEN D HOVDE has made 2 purchases buying 15,000 shares for an estimated $658,250 and 0 sales.
- ERIC M SPRINK (CEO) purchased 10,000 shares for an estimated $444,500
- CHRISTOPHER D ADAMS (Executive Chair) purchased 290 shares for an estimated $13,093
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CCB Hedge Fund Activity
We have seen 101 institutional investors add shares of $CCB stock to their portfolio, and 91 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 863,725 shares (+176.3%) to their portfolio in Q2 2026, for an estimated $66,947,324
- WESTWOOD HOLDINGS GROUP INC removed 331,360 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $25,683,713
- AZORA CAPITAL LP removed 201,284 shares (-30.6%) from their portfolio in Q2 2026, for an estimated $15,601,522
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 193,190 shares (-71.9%) from their portfolio in Q2 2026, for an estimated $14,974,156
- ENDEAVOUR CAPITAL ADVISORS INC added 156,100 shares (+57.1%) to their portfolio in Q2 2026, for an estimated $12,099,311
- BLACKROCK, INC. added 128,313 shares (+13.2%) to their portfolio in Q2 2026, for an estimated $9,945,540
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 110,026 shares (+inf%) to their portfolio in Q2 2026, for an estimated $8,528,115
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
