Coastal Financial Corporation Announces Fourth Quarter 2024 Results
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Coastal Financial Corporation (Nasdaq: CCB) reported its Q4 2024 financial results, showing a slight decrease in net income compared to the previous quarter. The company earned $13.4 million, or $0.94 per share, in Q4 2024, compared to $13.5 million, or $0.97 per share, in Q3 2024. For the full year 2024, net income was $45.2 million, or $3.26 per share, slightly up from $44.6 million, or $3.27 per share, in 2023.
January 28, 2025 | 2:45 pm
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Coastal Financial Corporation's Q4 2024 results show a slight decrease in quarterly net income and EPS compared to Q3 2024, but an increase in annual net income compared to 2023.
The slight decrease in quarterly net income and EPS compared to the previous quarter may not significantly impact the stock price in the short term, as the annual results show a positive trend. Investors might view the overall annual growth as a positive sign, balancing the quarterly dip.
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