Coastal Financial Corporation · NASDAQ:CCB
Coastal Financial — Q4 2025 Earnings Presentation
32 slides from Coastal Financial's earnings presentation, Jan 29, 2026
Slide 1: Fourth Quarter 2025 Investor Presentation
Fourth Quarter 2025 INVESTOR PRESENTATION COASTAL FINANCIAL CORPORATION
Slide 2: Legal Information and Disclaimer
2 LEGAL INFORMATION AND DISCLAIMER Important note regarding forward-looking statements: Statements made in this presentation (or conveyed orally) which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any stat
Slide 3: Fourth Quarter 2025 Highlights
3 FOURTH QUARTER 2025 HIGHLIGHTS Note: Data as of the three months ended December 31, 2025 unless otherwise indicated (1)Core net revenue is a non-GAAP financial measure which includes net interest income and noninterest income, adjusted for BaaS credit enhancement, BaaS fraud enhancement, reimburse
Slide 4: Advancing Future Value
4 ADVANCING FUTURE VALUE Note: Data as of the three months ended December 31, 2025 unless otherwise indicated Seven existing partner programs expanding to include new products such as lines of credit, deposit programs, credit cards, and other lending products ______________________________ Growth in
Slide 5: Advancing Technology-Enabled Growth
5 ADVANCING TECHNOLOGY-ENABLED GROWTH Note: Data as of the three months ended December 31, 2025 unless otherwise indicated Implemented multiple artificial intelligence use cases to enhance operational efficiency, risk management, and customer experience ______________________________ Established a d
Slide 6: Fourth Quarter 2025 Financial Summary
6 FOURTH QUARTER 2025 FINANCIAL SUMMARY • Diluted EPS of $0.82, compared to $0.88 LQ, impacted by higher noninterest expense • ROA of 1.09% for quarter ended December 31, 2025, compared to 1.19% LQ, and 1.30% in PYQ Note: Data as of the three months ended December 31, 2025 unless otherwise indicated
Slide 7: Fourth Quarter 2025 GAAP Results
7 FOURTH QUARTER 2025 GAAP RESULTS (1) Share and per share-diluted amounts are based on total actual or average common shares outstanding, as applicable. (2) Core net revenue includes net interest income and noninterest income, adjusted for indemnification income, reimbursement of expenses (BaaS) an
Slide 8: Solid Consolidated Balance Sheet Capital and Liquidity Ratios
8 SOLID CONSOLIDATED BALANCE SHEET CAPITAL AND LIQUIDITY RATIOS Note: Data as of three months ended December 31, 2025 unless otherwise indicated (in millions) CASH & BORROWINGS • Combined $1.43 billion cash and immediate borrowing capacity • Cash and immediate borrowing capacity equals 34.5% of tota
Slide 9: Balance Sheet Positioning
9 BALANCE SHEET POSITIONING Bank is well positioned for rate changes • 47% of our loans reprice within 3 months as of December 31, 2025 • 66% of our liabilities reprice within 3 months as of December 31, 2025 Community Bank: • 26% of community bank loans reprice within 3 months as of December 31, 20
Slide 10: Long-Term Strategic Verticals
10 LONG-TERM STRATEGIC VERTICALS • Best-in-class community bank that offers lending and deposit products to commercial customers • Community bank loan portfolio consists primarily of CRE loans, Construction loans, Land and Land Development loans, and C&I loans - $1.73 billion, or 88.9% of community
Slide 11: Segment Updates: CCBX & Community Bank
11 SEGMENT UPDATES: CCBX & COMMUNITY BANK
Slide 12: CCBX Banking as a Service Partner Pipeline
12 24 29 28 19 20 19 1 2 2 1 4 5 3 2 1 1 1 Wind down - active but preparing to exit relationship Signed letters of intent Implementation / onboarding Friends and family / testing Active December 31, 2024 September 30, 2025 December 31, 2025 CCBX provides banking as a service (BaaS) that enables our
Slide 13: Banking as a Service Partners
Banking as a Service – “BaaS” Partners 13 Note: Data as of and for the quarter ended December 31, 2025, unless otherwise indicated. During the quarter ended December 31, 2025, we exited our partnership with Albert and one LOI did not materialize. (1) Acquired GreenFi assets during the quarter ended
Slide 14: CCBX Revenue Growth
14 CCBX REVENUE GROWTH As of and for the three month period indicated (Dollars in thousands) $5,554 $6,278 $6,790 $7,554 $8,365 $504 BaaS program fee income Nonrecurring revenue December 31, 2024 March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 BaaS Program Fee Income Note: Data as
Slide 15: Growth in CCBX Activity Based Income
15 GROWTH IN CCBX ACTIVITY BASED INCOME CCBX TRANSACTION AND INTERCHANGE INCOME (Dollars in thousands) 33.1% growth over prior year quarter $3,699 $3,833 $5,109 $4,878 $4,924 $4,605 $504 Transaction and Interchange income Nonrecurring income 4Q2024 1Q2025 2Q2025 3Q2025 4Q2025 $— $1,000 $2,000 $3,000
Slide 16: CCBX Loans and Deposits
16 CCBX LOANS AND DEPOSITS (Dollars in billions) $2.06 $2.37 $2.56 Other deposits Demand, noninterest bearing Interest bearing December 31, 2024 September 30, 2025 December 31, 2025 (Dollars in billions) $1.60 $1.80 $1.81 Commercial and industrial loans Residential real estate secured credit cards C
Slide 17: Community Bank Loans and Deposits
17 COMMUNITY BANK LOANS AND DEPOSITS (Dollars in billions) $1.52 $1.60 $1.59 Time deposits Demand, noninterest bearing Interest bearing December 31, 2024 September 30, 2025 December 31, 2025 Community Bank Loans Community Bank Deposits Note: Data as of and for the quarter ended December 31, 2025, un
Slide 18: Segment Overview - Community Bank and CCBX
18 SEGMENT OVERVIEW - Community Bank and CCBX (for the three months ended) 1.86% 1.77% 1.56% 4.19% 3.90% 3.52% 3.21% 3.04% 2.74% Community Bank CCBX Consolidated December 31, 2024 September 30, 2025 December 31, 2025 —% 2.50% 5.00% Average Cost of Deposits (annualized) 6.53% 6.51% 6.52% 16.81% 15.65
Slide 19: Segment Overview - Credit Quality
19 SEGMENT OVERVIEW - Credit Quality 1.00% 0.97% 0.94% 9.86% 8.62% 8.37% 5.08% 4.69% 4.52% Community Bank CCBX Consolidated December 31, 2024 September 30, 2025 December 31, 2025 —% 1.25% 2.50% 3.75% 5.00% 6.25% 7.50% 8.75% 10.00% Allowance for Loan Losses to Total Loans (1) Except in accordance wit
Slide 20: Appendix
20 APPENDIX
Slide 21: Coastal Community Bank Overview
21 • Established in 1997 with a focus on serving small to medium- sized businesses within the Puget Sound region • Offers traditional lending and deposit products to commercial and retail customers as well as treasury management, remote deposit capture and credit processing • Largest bank by deposit
Slide 22: Loan Composition
22 CRE - Non- Owner Occupied 14.1% CRE - Owner Occupied 10.3% C&I 12.1% Consumer installment loans 17.8% Credit Cards 16.6% Other Consumer 1.0% 1-4 Family 12.4% Construction and Land Development 5.9% Multifamily 9.8% LOAN COMPOSITION Consolidated Loan Composition Community Bank Loan Concentrations b
Slide 23: CCBX Loan Portfolio Statistics & Lending Approach
23 CCBX LOAN PORTFOLIO STATISTICS & LENDING APPROACH CCBX Loan Portfolio Information December 31, 2025 (dollars in thousands; unaudited) Type of Lending Balance Percent of CCBX Loans Receivable Available Commitments (1) Maximum Portfolio Size Number of Accounts (2) Average Loans Size Cash Reserve/ P
Slide 24: Deposit Composition
24 Demand, noninterest bearing 14.0% Interest bearing demand and money market 83.2% Savings 2.5% Time deposits < $100K 0.1% Time deposits > $100K 0.2% DEPOSIT COMPOSITION Deposit CompositionEmphasis on core deposits has helped generate an attractive funding mix • Core deposits are all deposits exclu
Slide 25: Deposit Costs
25 DEPOSIT COSTS • Cost of total deposits was 2.74% for the quarter ended December 31, 2025 compared to 3.04% for the quarter ended September 30, 2025, and 3.21% for the quarter ended December 31, 2024 • The cost of deposits was for 1.56% for the Community Bank and 3.52% for CCBX for the quarter end
Slide 26: Loan and Deposit Growth
26 LOAN AND DEPOSIT GROWTH $3.49 $3.70 $3.75 $1.88 $1.90 $1.94 $1.80 $1.81 Community Bank CCBX December 31, 2024 September 30, 2025 December 31, 2025 • Loans increased $45.7 million, or 1.2%, from September 30, 2025 and growth of 7.5% since December 31, 2024 • $2.98 billion in CCBX loans sold during
Slide 27: Asset Quality
27 ASSET QUALITY NPAs / Total Assets NPLs / Loans Receivable 1.06% 1.44% 1.52% 1.52% 1.35% 2022 2023 2024 4Q2024 4Q2025 1.26% 1.78% 1.80% 1.80% 1.71% 2022 2023 2024 4Q2024 4Q2025 • As of December 31, 2025, $24.4 million in CCBX nonaccrual loans are included in NPAs and NPLs ◦ Due to a collection pra
Slide 28: Non-GAAP Reconciliation – CCBX Net BaaS Loan Income Interest Margin
28 NON-GAAP RECONCILIATION – CCBX Net BaaS Loan Income Interest Margin The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. Ho
Slide 29: Non-GAAP Reconciliation – Net Interest Margin, net of BaaS Loan Expense
29 NON-GAAP RECONCILIATION – Net Interest Margin, net of BaaS Loan Expense The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance
Slide 30: Non-GAAP Reconciliation – PPNR & Core Expense
30 NON-GAAP RECONCILIATION – PPNR & Core Expense The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. However, these non-GAAP
Slide 31: Non-GAAP Reconciliation – Core Net Revenue
31 NON-GAAP RECONCILIATION – Core Net Revenue The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. However, these non-GAAP fin
Slide 32: Non-GAAP Reconciliation – Tangible Book Value
32 NON-GAAP RECONCILIATION – Tangible Book Value The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. However, these non-GAAP