A Business at a Glance
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COASTAL FINANCIAL CORP
CCB
$1.1B
Mkt Cap
$72.19
+1.09%
COASTAL FINANCIAL CORP (CCB) has a current P/E ratio of 23.6, compared to its historical median P/E of 17.2. The stock is currently considered Fair based on its historical valuation range.
COASTAL FINANCIAL CORP (CCB) has a 5-year average return on invested capital (ROIC) of 13.8%. This indicates solid capital allocation.
COASTAL FINANCIAL CORP (CCB) has a market capitalization of $1.1B. It is classified as a small-cap stock.
COASTAL FINANCIAL CORP (CCB) does not currently pay a regular dividend.
Based on historical P/E analysis, COASTAL FINANCIAL CORP (CCB) appears fair. The current P/E of 23.6 is 37% above its historical median of 17.2. The estimated fair value CAGR (P/E method) is 23.6%.
COASTAL FINANCIAL CORP (CCB) operates in the State Commercial Banks industry, within the Financials sector.
COASTAL FINANCIAL CORP (CCB) reported annual revenue of $661 million in its most recent fiscal year, based on SEC EDGAR filings.
Our Company Coastal Financial Corporation (“Company”) is a registered bank holding company, whose wholly owned subsidiaries are Coastal Community Bank (“Bank”) and Arlington Olympic LLC (“LLC”). The Company is a Washington state corporation that was organized in 2003. The Bank was incorporated and commenced operations in 1997 and is a Washington state-chartered commercial bank and Federal Reserve System (“Federal Reserve”) member bank. The LLC was formed in 2019 and owns the Company’s Arlington branch, which the Bank leases from the LLC. Our executive offices are located at 5415 Evergreen Way, Everett, Washington 98203, and our telephone number is (425) 257-9000. Our website addresses are www.coastalbank.com and www.ccbx.com. Information on our website should not be considered a part of this Annual Report on Form 10-K. We are headquartered in Everett, Washington, which by population is the largest city in, and the county seat of, Snohomish County.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 661M | 661M | 705M | 527M | 315M | 111M |
| Net Income | 47M | 47M | 45M | 45M | 41M | 27M |
| EPS | $3.06 | $3.06 | $3.26 | $3.27 | $3.01 | $2.16 |
| Free Cash Flow | 246M | 246M | 250M | 185M | 64M | 27M |
| ROIC | 1.0% | 10.1% | 12.3% | 16.0% | 16.6% | 13.8% |
| Gross Margin | 53.2% | 53.2% | 43.7% | 48.2% | 68.6% | 87.8% |
| Debt/Equity | 0.00 | 8.66 | 0.00 | 0.00 | 0.08 | 0.12 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 61M | 61M | 57M | 57M | 51M | 34M |
| Operating Margin | 9.3% | 9.3% | 8.1% | 10.8% | 16.1% | 30.9% |
| ROE | 9.6% | 10.1% | 12.3% | 16.6% | 18.3% | 15.8% |
| Shares Outstanding | 15M | 15M | 14M | 14M | 13M | 13M |
| Metric | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 36M | 44M | 57M | 71M | 111M | 315M | 527M | 705M | 661M | 661M |
| Gross Margin | 89.7% | 87.0% | 84.0% | 80.4% | 87.8% | 68.6% | 48.2% | 43.7% | 53.2% | 53.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 13M | 16M | 19M | 23M | 37M | 52M | 66M | 70M | 86M | 86M |
| EBIT | 10M | 12M | 17M | 19M | 34M | 51M | 57M | 57M | 61M | 61M |
| Op. Margin | 27.8% | 27.7% | 29.3% | 26.9% | 30.9% | 16.1% | 10.8% | 8.1% | 9.3% | 9.3% |
| Net Income | 5.4M | 9.7M | 13M | 15M | 27M | 41M | 45M | 45M | 47M | 47M |
| Net Margin | 15.0% | 21.9% | 23.2% | 21.3% | 24.3% | 12.9% | 8.5% | 6.4% | 7.1% | 7.1% |
| Non-Recurring | -38K | -32K | -31K | -12K | 0 | -35K | -39K | 0 | -26K | -26K |
| Returns on Capital | ||||||||||
| ROIC | 8.7% | 11.1% | 11.3% | 10.5% | 13.8% | 16.6% | 16.0% | 12.3% | 10.1% | 1.0% |
| ROE | 8.7% | 11.1% | 11.3% | 11.5% | 15.8% | 18.3% | 16.6% | 12.3% | 10.1% | 9.6% |
| ROA | 0.7% | 1.1% | 1.3% | 1.0% | 1.2% | 1.4% | 1.3% | 1.1% | 1.1% | 1.0% |
| Cash Flow | ||||||||||
| Op. Cash Flow | 7.6M | 14M | 14M | 19M | 30M | 67M | 192M | 260M | 255M | 255M |
| Free Cash Flow | 6.6M | 13M | 12M | 14M | 27M | 64M | 185M | 250M | 246M | 246M |
| Owner Earnings | 6.3M | 13M | 12M | 17M | 27M | 63M | 186M | 250M | 239M | 239M |
| CapEx | 1.1M | 1.1M | 1.2M | 5.4M | 2.6M | 2.8M | 6.2M | 9.9M | 8.4M | 8.4M |
| Maint. CapEx | 993K | 1.1M | 1.2M | 1.4M | 1.6M | 1.8M | 2.3M | 4.6M | 6.5M | 6.5M |
| Growth CapEx | 64K | 78K | 0 | 4.0M | 1.0M | 1.0M | 3.9M | 5.3M | 1.9M | 1.9M |
| D&A | 993K | 1.1M | 1.2M | 1.4M | 1.6M | 1.8M | 2.3M | 4.6M | 6.5M | 6.5M |
| CapEx/OCF | N/A | 8.0% | 8.9% | 27.8% | 8.7% | 4.2% | 3.3% | 3.8% | 3.3% | 3.3% |
| Capital Allocation | ||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 285K | 310K | 431K | 630K | 1.3M | 2.5M | 3.7M | 4.8M | 8.6M | 8.6M |
| Debt Repayment | 0 | 0 | 10M | 10M | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||||
| Net Debt | N/A | N/A | -82M | -169M | -824M | -323M | -483M | -453M | N/A | -737M |
| Cash & Equiv. | 31M | 40M | 44M | 163M | 813M | 342M | 483M | 453M | 737M | 737M |
| Long-Term Debt | N/A | N/A | N/A | 25M | 24M | 20M | 0 | 0 | N/A | N/A |
| Debt/Equity | 11.26 | 7.72 | -0.08 | 0.11 | 0.12 | 0.08 | 0.00 | 0.00 | 8.66 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.5 |
| Equity | 66M | 109M | 124M | 140M | 201M | 243M | 295M | 439M | 491M | 491M |
| Total Assets | 806M | 952M | 1.1B | 1.8B | 2.6B | 3.1B | 3.8B | 4.1B | 4.7B | 4.7B |
| Total Liabilities | 740M | 843M | 1.0B | 1.6B | 2.4B | 2.9B | 3.5B | 3.7B | 4.3B | 4.3B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 4.5M | 4.5M |
| Retained Earnings | 14M | 24M | 37M | 52M | 79M | 120M | 165M | 211M | 258M | 258M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||||
| EPS | 0.59 | 0.91 | 1.08 | 1.24 | 2.16 | 3.01 | 3.27 | 3.26 | 3.06 | 3.06 |
| Owner EPS | 0.69 | 1.22 | 0.98 | 1.42 | 2.16 | 4.65 | 13.61 | 18.05 | 15.59 | 15.59 |
| Book Value | 7.13 | 10.24 | 10.16 | 11.48 | 16.09 | 18.04 | 21.64 | 31.63 | 31.97 | 31.97 |
| Cash Flow/Share | 0.83 | 1.35 | 1.12 | 1.58 | 2.39 | 4.97 | 14.05 | 18.73 | 16.58 | 3.48 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 9.2M | 10.7M | 12.2M | 12.2M | 12.5M | 13.5M | 13.6M | 13.9M | 15.4M | 15.4M |
| Valuation | ||||||||||
| P/E Ratio | N/A | 16.9 | 15.5 | 17.4 | 23.6 | 15.8 | 13.8 | 25.7 | 38.2 | 23.6 |
| P/FCF | N/A | 12.4 | 16.4 | 18.9 | 23.4 | 10.0 | 3.3 | 4.6 | 7.3 | 4.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 6.1 |
| Price/Book | N/A | 1.5 | 1.6 | 1.9 | 3.2 | 2.6 | 2.1 | 2.6 | 3.7 | 2.3 |
| Price/Sales | N/A | 4.2 | 3.9 | 2.8 | 3.6 | 2.0 | 1.3 | 1.2 | 2.8 | 1.7 |
| FCF Yield | N/A | 8.1% | 6.1% | 5.3% | 4.3% | 10.0% | 30.2% | 21.5% | 13.7% | 22.2% |
| Market Cap | N/A | 164M | 204M | 264M | 637M | 640M | 614M | 1.2B | 1.8B | 1.1B |
| Avg. Price | N/A | 15.93 | 15.85 | 15.06 | 31.01 | 43.93 | 40.95 | 50.24 | 97.10 | 72.19 |
| Year-End Price | N/A | 15.41 | 16.70 | 21.61 | 50.93 | 47.43 | 45.04 | 83.72 | 116.91 | 72.19 |
COASTAL FINANCIAL CORP passes 5 of 9 quality checks, suggesting mixed fundamentals.
COASTAL FINANCIAL CORP trades at 23.6x trailing earnings, compared to its 15-year median P/E of 17.2x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 4.5x vs a median of 11.2x. The company's 5-year average ROIC is 13.8% with a gross margin of 60.3%. At current prices, the estimated annualized return to fair value is +66.3%.
COASTAL FINANCIAL CORP (CCB) has a net profit margin of 7.1%. This is a modest margin.
COASTAL FINANCIAL CORP (CCB) generated $246 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
COASTAL FINANCIAL CORP (CCB) has a debt-to-equity ratio of 8.66. This indicates higher leverage, which may increase financial risk.
COASTAL FINANCIAL CORP (CCB) reported earnings per share (EPS) of $3.06 in its most recent fiscal year.
COASTAL FINANCIAL CORP (CCB) has a return on equity (ROE) of 10.1%. This indicates moderate shareholder returns.
COASTAL FINANCIAL CORP (CCB) has a 5-year average gross margin of 60.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 9 years of financial data for COASTAL FINANCIAL CORP (CCB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
COASTAL FINANCIAL CORP (CCB) has a book value per share of $31.97, based on its most recent annual SEC filing.
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