Coastal Financial Reports Q3 Earnings Miss on Both EPS and Revenue
Coastal Financial (CCB) reported third-quarter financial results that fell short of market expectations. The company posted a GAAP earnings per share (EPS) of $0.89, missing consensus estimates by $0.06. Total revenue for the quarter reached $149.33 million, representing a 3.3% increase year-over-year, but still missed analyst projections by $9.52 million. The results raise questions regarding potential credit shocks and the company's exposure to fintech partners.
Tickers: $CCB
Topics: earnings miss financial results GAAP EPS revenue miss