Coastal Financial Corporation · NASDAQ:CCB
Coastal Financial — Q1 2026 Earnings Presentation
37 slides from Coastal Financial's earnings presentation, Apr 29, 2026
Slide 1: First Quarter 2026 Investor Presentation
First Quarter 2026 Exhibit 99.1 Investor Presentation
Slide 2: Important note regarding forward-looking statements
2 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 statements regarding Coastal Financia
Slide 3: First Quarter 2026 Highlights
3 Note: Data as of the three months ended March 31, 2026, unless otherwise indicated. (1) Net interest margin, net of BaaS loan expense is a non-GAAP financial measure adjusts for the impact BaaS loan expense on net interest margin. The most directly comparable GAAP measure is net interest income. R
Slide 4: First Quarter 2026 Highlights: Net Interest Margin
4 Note: Data as of the three months ended March 31, 2026, unless otherwise indicated. (1) Net interest margin, net of BaaS loan expense is a non-GAAP financial measure adjusts for the impact BaaS loan expense on net interest margin. The most directly comparable GAAP measure is net interest income. R
Slide 5: CCBX partner program and card growth highlights
5 Note: Data as of the three months ended March 31, 2026, unless otherwise indicated. • Eight existing partner programs expanding to include new products such as lines of credit, deposit programs, credit cards, and other lending products • Growth in CCBX deposit partners and products drove an increa
Slide 6: Advancing Technology Enabled Growth: 2026 Technology Priorities
6 2026 Technology Priorities • Digital payment rails and asset infrastructure designed to expand access to fast-growing payment ecosystems, drive fee-based revenue growth, support deposit growth, and strengthen competitive positioning • AI and automation designed to streamline underwriting, complian
Slide 7: Earnings and profitability highlights
7 • Diluted EPS of $0.78, compared to $0.82 LQ, impacted by higher BaaS loan expense and noninterest expense, and $0.63 PYQ • ROA of 0.98% for quarter ended March 31, 2026, compared to 1.09% LQ, and 0.93% in PYQ Note: Data as of the three months ended March 31, 2026, unless otherwise indicated. "LQ"
Slide 8: Loan and deposit highlights
8 • Total loans, net of deferred fees increased $109.8 million, or 2.9%, to $3.86 billion as of March 31, 2026 • We continue to focus on higher quality CCBX loans • CCBX loans sales of $3.28 billion, compared to $2.98 billion LQ ◦ Primarily credit card loan sales - $2.85 billion, compared to $2.73 b
Slide 9: First Quarter 2026 GAAP Results
9 First Quarter 2026 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) and
Slide 10: Solid Consolidated Balance Sheet
10 Solid Consolidated Balance Sheet CAPITAL AND LIQUIDITY RATIOS Note: Data as of three months ended March 31, 2026, unless otherwise indicated. CASH & BORROWINGS • Combined $2.18 billion cash and immediate borrowing capacity • Cash and immediate borrowing capacity equals 43.3% of total deposits at
Slide 11: Bank is well positioned for rate changes
11 Bank is well positioned for rate changes • 61% of our loans reprice within 3 months as of March 31, 2026 • 69% of our liabilities reprice within 3 months as of March 31, 2026 Community Bank: • 27% of community bank loans reprice within 3 months as of March 31, 2026 ◦ 2.1 years weighted average re
Slide 12: Community Bank and CCBX overview
12 • 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 - for a total of $1.77 billion, or 89.4% of community bank loans • At
Slide 13: Segment Updates: CCBX & Community Bank
SEGMENT UPDATES: CCBX & COMMUNITY BANK
Slide 14: CCBX partner pipeline and banking as a service
14 25 28 30 19 19 20 2 2 2 3 5 3 1 1 2 1 3 Wind down - active but preparing to exit relationship Signed letters of intent Implementation / onboarding Friends and family / testing Active March 31, 2025 December 31, 2025 March 31, 2026 CCBX provides banking as a service (BaaS) that enables our digital
Slide 15: Banking as a Service (BaaS) Partners
15 Note: Data as of and for the quarter ended March 31, 2026, unless otherwise indicated. During the quarter ended March 31, 2026, we exited our partnership with Albert and one LOI did not materialize. (1) Acquired GreenFi assets during the quarter ended December 31, 2025. (2) Our partner is a subsi
Slide 16: BaaS Program Fee Income: Revenue Growth
16 As of and for the three month period indicated (Dollars in thousands) $6,278 $7,147 $7,865 $8,905 $10,888 $504 BaaS program fee income Nonrecurring revenue March 31, 2025 June 30, 2025 September 30, 2025 December 31, 2025 March 31, 2026 BaaS Program Fee Income Note: Data as of and for the quarter
Slide 17: Growth in CCBX Activity Based Income
17 $3,833 $5,109 $4,878 $4,924 $5,873 $4,605 $504 Transaction and Interchange income Nonrecurring income 1Q 2025 2Q 2025 3Q 2025 4Q 2025 1Q 2026 $— $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 (1 ) Including $504,000 in nonrecurring revenue. Growth in CCBX Activity Based Income CCBX TRANSACTION
Slide 18: CCBX Loans and Deposits
18 (Dollars in billions) $2.27 $2.56 $3.47 Other deposits Demand, noninterest bearing Interest bearing March 31, 2025 December 31, 2025 March 31, 2026 (Dollars in billions) $1.65 $1.81 $1.88 Commercial and industrial loans Residential real estate secured credit cards Credit cards Other consumer and
Slide 19: Community Bank Loans and Deposits
19 (Dollars in billions) $1.52 $1.59 $1.57 Time deposits Demand, noninterest bearing Interest bearing March 31, 2025 December 31, 2025 March 31, 2026 Community Bank Loans Community Bank Deposits Note: Data as of and for the quarter ended March 31, 2026, unless otherwise indicated. (1) Core deposits
Slide 20: Cost of deposits and loan yields
20 1 .76% 1 .56% 1 .46% 4.01 % 3.52% 3.1 7%3.08% 2.74% 2.56% Community Bank CCBX Consolidated March 31, 2025 December 31, 2025 March 31, 2026 —% 2.50% 5.00%Average Cost of Deposits (annualized) 6.53% 6.52% 6.58% 1 6.88% 1 4.89% 1 5.01 % 1 1 .33% 1 0.63% 1 0.76% Community Bank CCBX - Gross (1) Consol
Slide 21: Allowance for loan losses
21 1.02% 0.94% 0.92% 9.95% 8.37% 8.19% 5.21% 4.52% 4.47% Community Bank CCBX Consolidated March 31, 2025 December 31, 2025 March 31, 2026 —% 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 with the program agreement for one partner w
Slide 22: Appendix
Appendix © COASTAL
Slide 23: Coastal Community Bank Overview
23 • 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 • Ongoing focus on commun
Slide 24: Accolades and Recognitions
24 Accolades and Recognitions Stanwood & Camano News “Best Bank” 2013 - 2024 Note: Data as of March 31, 2026, unless otherwise indicated. Raymond James “Community Bankers Cup Award” 2019-2024 Piper Sandler "Bank and Thrift Sm-All Stars" 2019 -2023 "Corporate Citizenship" Puget Sound Business Journal
Slide 25: Consolidated Loan Composition
25 CRE - Non- Owner Occupied 1 4.3% CRE - Owner Occupied 1 0.1 % C&I 1 1 .2% Consumer installment loans 1 7.3% Credit Cards 1 7.9% Other Consumer 1 .8% 1 -4 F amily 1 2.0% Construction and Land Development 6.1 % Multifamily 9.3% Consolidated Loan Composition Community Bank Loan Concentrations by Cou
Slide 26: CCBX loan portfolio by lending type
26 March 31, 2026 (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/ Pledge Account Amount Commercial and industrial loans: Capital call lines Business - V
Slide 27: Deposit Composition
27 Demand, noninterest bearing 1 1 .5% Interest bearing demand and money market 81 .9% Savings 6.4% Time deposits < $1 00K 0.1 % Time deposits > $1 00K 0.1 % Deposit Composition Emphasis on core deposits has helped generate an attractive funding mix • Core deposits are all deposits excluding time de
Slide 28: Deposit Costs
28 • Cost of total deposits was 2.56% for the quarter ended March 31, 2026 compared to 2.74% for the quarter ended December 31, 2025, and 3.08% for the quarter ended March 31, 2025 • The cost of deposits was 1.46% for the Community Bank and 3.17% for CCBX for the quarter ended March 31, 2026 • Depos
Slide 29: Loans and deposits by segment
29 $3.52 $3.75 $3.86 $1.87 $1.94 $1.98 $1.65 $1.81 $1.88 Community Bank CCBX March 31, 2025 December 31, 2025 March 31, 2026 • Loans increased $109.8 million, or 2.9%, from December 31, 2025 and growth of 9.7% since March 31, 2025 • $3.28 billion in CCBX loans sold during the three months ended Marc
Slide 30: Asset Quality
30 NPAs / Total Assets NPLs / Loans Receivable 1.06% 1.44% 1.52% 1.35% 1.30% 1.19% 2022 2023 2024 2025 1Q 2025 1Q 2026 1.26% 1.78% 1.80% 1.71% 1.60% 1.75% 2022 2023 2024 2025 1Q 2025 1Q 2026 • As of March 31, 2026, $27.6 million in CCBX nonaccrual loans are included in NPAs and NPLs ◦ $22.3 million
Slide 31: Non-GAAP reconciliation: Net BaaS loan income
31 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 financial measures are supplemental and are no
Slide 32: CCBX non-GAAP reconciliation
32 CCBX As of and for the Three Months Ended (dollars in thousands; unaudited) March 31, 2026 December 31, 2025 March 31, 2025 Net BaaS loan income divided by average CCBX loans: CCBX loan yield (GAAP)(1) 15.01 % 14.89 % 16.88 % Total average CCBX loans receivable $ 1,922,586 $ 1,833,904 $ 1,630,088
Slide 33: Net interest income net of BaaS loan expense
33 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 financial measures are supplemental and are no
Slide 34: Non-GAAP reconciliation: PPNR and core expenses
34 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 financial measures are supplemental and are no
Slide 35: Core expense and Core PPNR reconciliation
35 As of and for the Three Months Ended (dollars in thousands, unaudited) March 31, 2026 December 31, 2025 March 31, 2025 Noninterest Expense excluding Baas loan expense, BaaS fraud expense and reimbursement of expenses -BaaS ("Core expense") Total noninterest expense (GAAP) $ 83,452 $ 72,804 $ 71,9
Slide 36: Core net revenue reconciliation
36 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 financial measures are supplemental and are no
Slide 37: Tangible book value per share reconciliation
37 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 financial measures are supplemental and are no