Coastal Financial Q4 Earnings, Revenue Rise

MT Newswires Live
01-28

Coastal Financial (CCB) reported Q4 earnings Tuesday of $0.94 per diluted share, compared with $0.66 a year earlier.

Analysts surveyed by FactSet expected $0.92.

Revenue for the quarter ended Dec. 31 expressed as the sum of net interest income and non-interest income was $143.3 million, compared with $124.4 million a year earlier. Analysts surveyed by FactSet expected $156.5 million.

Shares of the financial services company were up 2.2% in recent trading.

Price: 85.76, Change: +1.62, Percent Change: +1.93

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