CCB

Coastal Financial Corporation is a financial institution headquartered in Everett, Washington, founded by a group of local entrepreneurs and classified within the financial services sector.

The company offers a diverse range of banking and financial services to both consumers and businesses, maintaining a regional presence with a strong emphasis on banking technology and employing approximately 250 people.

Its operations focus on strategic areas such as commercial lending and digital banking services, and it partners with other companies to expand its reach through its Banking-as-a-Service (BaaS) platform.

The operations of Coastal Financial Corporation are structured as follows:

• Coastal Community Bank: Provides traditional banking services to small and medium-sized businesses, professionals, and individuals in the Puget Sound region of Washington. Its offerings include checking and savings accounts, commercial and personal loans, mortgages, and credit cards.
  
  

• CCBX (Banking-as-a-Service): A digital banking platform designed for fintechs and enterprises, enabling partners to deliver customized financial products to their clients, such as debit cards, digital accounts, and integrated payment solutions.
  
  

• Treasury and Administration: Oversees the management of assets and liabilities, corporate investments, and the company’s overall financial strategy.
  
  

Coastal Financial operates primarily within the state of Washington, maintaining 14 physical branches located across Snohomish, Island, and King counties, in addition to a robust digital platform serving customers across multiple regions.

History and Foundation of Coastal Financial Corporation

Coastal Financial was founded in 1997 with the goal of providing accessible and personalized banking services to the local community of Everett, Washington.

The company’s initial mission was to deliver community-focused financial solutions with a commitment to innovation and financial technology.

In its early years, Coastal Financial faced the challenge of building its presence in a highly competitive regional banking market, prioritizing small-business clients and the development of innovative financial products.

As demand for digital banking services grew, the company expanded its operations through the creation of Coastal Community Bank, offering tailored financial solutions and strengthening its position in the local market.

In 2018, Coastal Financial completed its initial public offering (IPO) on the Nasdaq, increasing its ability to invest and expand while reinforcing its standing in the financial services industry.

Following the IPO, the company diversified its operations with the launch of CCBX, its Banking-as-a-Service division, partnering with fintechs and other financial institutions to extend its client base nationwide.

Between 2020 and 2024, Coastal Financial invested heavily in technological innovation, implementing new digital banking solutions and expanding its strategic partnerships within the fintech ecosystem.

During this period, the company also strengthened its cybersecurity and corporate governance frameworks, adapting to evolving regulatory requirements in the financial sector.

Through its digital expansion, Coastal Financial enhanced its ability to deliver efficient and personalized banking services, ensuring sustainable growth and reinforcing its brand position within the financial industry.

Today, under the leadership of Eric Sprink, who serves as Chief Executive Officer, Coastal Financial continues to grow as a forward-looking financial institution focused on providing both traditional and digital banking solutions to its clients.

Additional Information

The Company Coastal Financial Corporation (United States), is listed on Nasdaq with a market value of $ 1.10 Billion, having an equity of $ 490.96 Millions.

With a total of 250 employees, the company is listed in the sector of Financial and categorized in industry of Banks.

In the last 12 months the Company had a revenue of $ 404.57 Millions, which generated a profit in the amount of $ 46.99 Millions.

As for its main indicators, the Company has a P/E ratio of 23.43, a P/BV ratio of 2.24 and in the last 12 months the Company did not pay dividends.

The Company is traded internationally through the ticker CCB.