Coastal Financial Q1 Earnings Rise, Revenue Decreases

MT Newswires Live
04-29

Coastal Financial (CCB) reported Q1 earnings Tuesday of $0.63 per diluted share, up from $0.50 a year earlier.

Four analysts polled by FactSet expected $0.86.

Revenue for the quarter ended March 31 expressed as the sum of net interest income and non-interest income was $139.5 million, down from $148.5 million a year earlier.

Three analysts surveyed by FactSet expected $155.3 million.

Shares of the bank holding company were down 3.3% in recent early trading.

Price: 87.12, Change: -0.84, Percent Change: -0.96

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