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CCB-News
CCB-Events
CEO Eric Sprink Highlights Continued Performance of Core Franchise
"Our second quarter results reflect continued performance of our core franchise, which was offset by decisive action we took on a single non-public company partner relationship. Based on our assessment, we recorded the potential impact fully and in accordance with our credit protection framework. We believe this is an isolated issue pertaining to one partner and does not reflect a change in our view of our broader partner portfolio or BaaS model. We remain focused on disciplined and sustainable growth by partnering with organizations that align with our long-term strategy, thoughtfully expanding our product offerings, and continuing to build a resilient BaaS platform designed to deliver value for all stakeholders," stated CEO Eric Sprink.
Pliant Officially Launches in the U.S. Through Partnership with Coastal
Pliant announced its official launch in the United States through a strategic partnership with Coastal. The milestone marks Pliant's entry into one of the world's largest commercial card markets and accelerates its global expansion strategy. Coastal will serve as Pliant's U.S. sponsor bank, enabling compliant market entry and long-term scalability. Through the partnership, Pliant is now positioned to support agent-based issuing structures and expand its footprint across the U.S. banking ecosystem.
Q1 Tangible Book Value Per Share at $32.76
Reports Q1 tangible book value per share $32.76. Reports Q1 CET1 capital ratio 12.08%. "During the first quarter of 2026, total assets increased $922.4 million, or 19.5%, to $5.66 billion at March 31, 2026 compared to $4.74 billion at December 31, 2025, deposits grew by $897.0 million, or 21.6% and loans receivable increased by $109.8 million, representing a 2.9% rise, marking another period of solid growth. Our CCBX segment continued to expand product offerings with existing partners during the quarter, while advancing new partners through onboarding toward launch and active status in alignment with our long-term strategy. We expect growth to continue as current programs scale, new products are introduced, and we leverage our experience in the BaaS space to support disciplined, sustainable expansion," stated CEO Eric Sprink.
Coastal Financial Acquires GreenFi Brand from Mission Financial Partners
Coastal Financial announced that it has acquired ownership of the GreenFi brand of climate-friendly consumer financial services products from Mission Financial Partners. As part of the transaction, Mission Financial Partners will continue to partner with Coastal to operate and market the GreenFi program through its existing technology platform. This structure is designed to maintain operational continuity while enabling Coastal to guide the brand over time. Mission Financial Partners will also continue to offer customers access to sustainable investment options through its Redwood Fund family of mutual fund products. Coastal will continue to serve as the banking partner for GreenFi's consumer financial services program and assume responsibility for governance, oversight, and long-term brand stewardship. The terms of the transaction were not disclosed.
Coastal Financial announces Q3 earnings per share of 88 cents, surpassing consensus estimate of 87 cents.
"During the third quarter of 2025, loans receivable increased by $163.5 million, representing a 4.6% rise, alongside another period of solid deposit growth totaling $59.0 million, or 1.5%," stated CEO Eric Sprink. "In addition, we saw positive partner progression during the quarter, with one moving to active status and three moving to the implementation stage, while our CCBX program fee income continues its upward trajectory. We remain confident in our ability to manage expenses and maintain credit quality, even in a changing economic and interest rate environment."
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