COSO
CoastalSouth Bancshares, Inc.25.06
+0.95+3.94%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
300.19MP/E (TTM)
10.90Basic EPS (TTM)
2.30Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
CoastalSouth Bancshares posted solid Q3 2025 results, with net interest income climbing 13.1% year-over-year to $19.2 million on 7.2% loan growth, though net income dipped 14.5% to $6.7 million amid softer gains on government-guaranteed loan sales. The net interest margin expanded to 3.58% from 3.32%, fueled by lower deposit costs despite a 6.3% rise in total deposits to $1.95 billion; provision for credit losses swung to a $653 thousand expense from a $1.0 million recovery. Loans held for investment hit $1.55 billion, up 10.2% year-to-date, while cash equivalents stood at $26.3 million and other borrowings fell to $25.0 million after retiring subordinated debt. Non-GAAP metrics not disclosed in the 10-Q. Yet competition in commercial real estate lending sharpens.
8-K
Q3 earnings show margin growth
CoastalSouth Bancshares reported Q3 2025 net income of $6.7 million, or $0.54 per diluted share, with net interest margin expanding to 3.58% amid robust loan production of $137.3 million in commitments, driving LHFI growth of $25.8 million. Post-IPO capital infusion strengthened equity ratios to 11.10%, while asset quality held firm at 0.63% nonperforming assets. Yet, rising M&A activity in markets prompts banker recruitment for expansion.
8-K
Redeems $15M subordinated notes
CoastalSouth Bancshares redeemed its entire $15,000,000 principal of 5.95% Fixed-to-Floating Rate Subordinated Notes due 2030 on September 15, 2025, paying 100% of principal plus accrued interest. This early redemption, per the original 2020 terms, clears the debt ahead of maturity. It strengthens the balance sheet. No further details on proceeds use disclosed.
10-Q
Q2 FY2025 results
CoastalSouth Bancshares posted solid Q2 FY2025 results, with net income edging up to $6.0M from $5.9M a year earlier, driven by 8.6% higher net interest income of $18.1M (y/y) amid loan growth, though offset by a $579K jump in credit provisions to $752K. Total loans held for investment climbed 8.4% q/q to $1.53B, fueled by demand in marine vessels and income-producing CRE, while deposits swelled 7.3% q/q to $1.97B, bolstering liquidity with $43.3M in cash equivalents and no FHLB advances outstanding. Margins held steady at 3.46%, but noninterest expenses rose 13.5% y/y to $12.1M on staffing and professional fees. Balance sheet stays strong, with equity at $209.4M. Yet competition in CRE lending pressures pricing.
IPO
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