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Coastal Financial CCB BaaS program 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
Servicing and other BaaS fees2,9171,8965,5403,315
Transaction and interchange fees6,8365,10912,7098,942
Reimbursement of expenses2,2596464,6511,672
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

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is Coastal Financial's baas program income — noninterest income?
Coastal Financial (CCB) reported baas program income — noninterest income of $12.01M in Q2 2026.
How has Coastal Financial's baas program income — noninterest income changed year-over-year?
Coastal Financial's baas program income — noninterest income increased by 57.0% year-over-year, from $7.65M to $12.01M.
What is the long-term trend for Coastal Financial's baas program income — noninterest income?
Over 4 years (2021 to 2025), Coastal Financial's baas program income — noninterest income has grown at a 45.2% compound annual growth rate (CAGR), from $6.72M to $29.85M.
What does baas program income — noninterest income mean?
This metric represents the noninterest income generated specifically from Banking-as-a-Service (BaaS) program fees. It captures the recurring or transactional revenue earned by providing banking infrastructure and regulatory access to third-party fintech partners. This income stream is a key indicator of the bank's ability to monetize its technology platform and partnership ecosystem independent of traditional net interest margin.

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