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Coastal Financial CCB BaaS indemnification income — Noninterest income

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Other financials

Income statement

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Revenue$178.1M+49.1%
Net income-$42.1M-482%
EPS (diluted)-$2.76-489%

Balance sheet

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Cash & equivalents$1.0B+40.1%
Total debt$4.5M-10.7%
Total equity$463.4M+0.4%
Total assets$5.5B+21.8%

Cash flow

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Operating cash flow$76.9M+16.4%
CapEx$2.2M+6.1%
Free cash flow$74.6M+16.7%

Valuation

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Market cap$671.28M-53.7%
Enterprise value-$332.65M-140%
P/S1.1×-1.5×

Profitability

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Net margin-0.6%-9.2pp
FCF margin42.9%-3.5pp

Returns & leverage

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Return on equity-0.8%-13.1pp
Debt / equity0.0×

Where this comes from

Reported directly by Coastal Financial in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

The source filing: Coastal Financial’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 11:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437958-26-000061
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
BaaS program income12,0127,65122,90013,929
BaaS credit enhancements70,72531,268121,46984,916
BaaS fraud enhancements4,3122,8047,3714,797
BaaS indemnification income75,03734,072128,84089,713
Total noninterest income88,70742,693154,784106,170
NONINTEREST EXPENSE
Salaries and employee benefits23,61521,45046,77942,967
Occupancy8909151,7491,949

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Coastal Financial's baas indemnification income — noninterest income?
Coastal Financial (CCB) reported baas indemnification income — noninterest income of $75.04M in Q2 2026.
How has Coastal Financial's baas indemnification income — noninterest income changed year-over-year?
Coastal Financial's baas indemnification income — noninterest income increased by 120.2% year-over-year, from $34.07M to $75.04M.
What is the long-term trend for Coastal Financial's baas indemnification income — noninterest income?
Over 3 years (2022 to 2025), Coastal Financial's baas indemnification income — noninterest income has grown at a 22.7% compound annual growth rate (CAGR), from $105.95M to $195.67M.
What does baas indemnification income — noninterest income mean?
This metric represents noninterest income derived from indemnification agreements within the Banking-as-a-Service (BaaS) segment. It reflects fees or reimbursements collected to offset potential losses or liabilities associated with partner-driven financial activities. This income stream is critical for assessing the risk-mitigation effectiveness and the profitability of the company's BaaS partnership model.

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