Coastal Financial Corporation is a United States–based financial institution operating in the banking and financial services industry. The company provides traditional banking solutions alongside digital financial services through its Banking-as-a-Service (BaaS) platform.
Its main areas of activity include:
• Commercial and retail banking services.
• Lending solutions for individuals and businesses.
• Digital banking and fintech partnerships (BaaS).
• Treasury management and financial administration.
The company delivers services through Coastal Community Bank, which focuses on regional banking, and CCBX, its BaaS platform that enables fintechs and enterprises to offer financial products such as digital accounts, payment solutions and debit cards.
Industry dynamics affecting the company include interest-rate trends, regional economic conditions, competition among banks and fintechs, regulatory requirements, digitalization of financial services and the expansion of embedded finance.
Shares of Coastal Financial Corporation trade on the Nasdaq under the ticker CCB.
History and Development
Coastal Financial was founded in 1997 in Everett, Washington, with the objective of providing community-focused banking services.
In its early years, the company concentrated on building its presence in a competitive regional market, focusing on small businesses and personalized financial solutions.
As demand for digital banking increased, Coastal expanded its capabilities through the development of Coastal Community Bank, strengthening its position in the local market.
In 2018, the company completed its initial public offering (IPO) on the Nasdaq, raising capital to support expansion and technological investment.
Following its IPO, Coastal Financial diversified its business model with the launch of its Banking-as-a-Service platform, enabling partnerships with fintech companies and extending its reach beyond its traditional geographic footprint.
In recent years, the company has invested in digital infrastructure, expanded its fintech partnerships and enhanced cybersecurity and regulatory compliance frameworks.
Additional Information
Coastal Financial Corporation (United States) is listed on the Nasdaq and has a market capitalization of $1.04 Billion, with shareholders equity totaling $503.76 Millions.
The company employs approximately 250 people and operates in the Financial sector, within the Banks industry.
Over the past 12 months, Coastal Financial Corporation reported $408.97 Millions in revenue, generating net income of $49.28 Millions.
Key financial metrics include a P/E ratio of 21.20, a price-to-book (P/B) ratio of 2.07, and a trailing twelve-month dividend yield of 0.00%.
The company trades under the ticker CCB.