Coastal Financial is a cheap regional bank (forward P/E 8.6x, 64% drawdown) with notable insider buying, but four straight earnings misses, quality below the floor (2.3) and 81% Puget Sound exposure leave little margin of safety.
Thesis pillars
- Cheap Bank Valuation↑Improving
- Four Straight Earnings Misses↑Improving
- Single Region Concentration↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Nov 1, 2026, based on the 10-K filed Feb 27, 2026
Coastal Financial Corporation (CCB) Stock Analysis
Recovery setup · Inst Constrain edge
Financial Services · Banks - Regional
Sell if holding. Engine safety override at $42.94: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.2/10. Specifically: Elevated put/call ratio: 23.67; Below-average business quality; Negative price momentum.
Coastal Financial Corporation is a Washington state bank holding company operating Coastal Community Bank across three segments: a Puget Sound community bank, the CCBX banking-as-a-service platform serving 28 digital financial-services partners nationwide, and treasury &... Read more
Sell if holding. Engine safety override at $42.94: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.2/10. Specifically: Elevated put/call ratio: 23.67; Below-average business quality; Negative price momentum. Chart setup: Death cross but MACD improving, RSI 57. Score 5.2/10, moderate confidence.
Passes 6/10 gates (clean insider activity, no SEC red flags, news boost analyst 0.50, earnings proximity 84d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA) and finsvc regional cliff hard block. Suitability: speculative.
About Coastal Financial Corporation
About Coastal Financial Corporation
Coastal Financial Corporation held $4.74 billion in total assets, $3.75 billion in total loans, and $4.14 billion in deposits at December 31, 2025, split across three segments: a Puget Sound, Washington community bank, the CCBX banking-as-a-service platform, and treasury & administration. The Bank operates 14 full-service locations concentrated in Snohomish County — where it holds the largest deposit market share — and is supervised by the Federal Reserve and the Washington State Department of Financial Institutions.
CCBX loans totaled $1.81 billion, or 48.1% of total loans, as of December 31, 2025, originated through 28 digital-partner relationships that layer credit and fraud enhancements onto the loans — 98.8% of CCBX loans carried a credit enhancement — so that incurred losses are substantially indemnified back to partners rather than absorbed directly by the bank. The community bank's own loan book skews toward commercial real estate ($1.29 billion, or 34.2% of total loans, including $531.1 million in non-owner-occupied properties) and commercial and industrial loans ($454.1 million, or 12.1%), while consumer loans — mostly CCBX installment loans and credit cards — reached $1.33 billion, or 35.4% of total loans. Approximately 81% of community bank real estate loans by dollar amount are secured by property in, or made to borrowers who live or conduct business in, the Puget Sound region, concentrating community bank credit risk in a single regional economy even as CCBX diversifies the loan book nationally.
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Coastal's CCBX model shifts credit risk to a layer of counterparty dependency uncommon among community banks its size: if a CCBX partner cannot fund or replenish its reserve, escrow, or credit-enhancement obligations, the Bank could be forced to write off the related credit-enhancement asset and absorb additional credit losses directly, a risk the 10-K flags explicitly as increasing servicing and operational costs. That dependency sits alongside a disclosed history of material weaknesses in internal control over financial reporting, meaning the same BaaS infrastructure that scaled CCBX loans to 48.1% of the portfolio also carries elevated compliance and reconciliation risk relative to a single-charter community bank without third-party originators.
See also: Financial Services · Banks - Regional
From Coastal Financial Corporation's most recent 10-K filing, extracted July 6, 2026.
Recent developments
No fresh coverage since Jul 29, 2026
Recent Developments — Coastal Financial Corporation
Latest news
- NEWS Earnings To Watch: Coastal Financial (CCB) Reports Q2 Results Tomorrow - StockStory — StockStory Jul 29, 2026 neutral
- NEWS Earnings To Watch: Coastal Financial (CCB) Reports Q2 Results Tomorrow - FinancialContent — FinancialContent Jul 29, 2026 neutral
- NEWS Earnings To Watch: Coastal Financial (CCB) Reports Q2 Results Tomorrow - The Chronicle-Journal — The Chronicle-Journal Jul 29, 2026 neutral
- NEWS Coastal Financial Corp (EVERETT) (CCB) Financial Health: Profitability & Balance Sheet Analysis - TradingKey — TradingKey Jul 28, 2026 neutral
- NEWS CCB|Coastal Financial Corp (EVERETT)|Price:72.385|Chg%:+0.195 - TradingKey — TradingKey Jul 28, 2026 neutral
Latest item Jul 29, 2026 · Generated 2026-11-04T11:59:35Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMloan_portfolioCCBX loans48%10-K Item 1: 'CCBX loans receivable totaled $1.81 billion, or 48.1% of total loans receivable, as of December 31, 2025.'
- HIGHGeographicPuget Sound region81%10-K Item 1: 'approximately 81% of the real estate loans in our community bank loan portfolio (measured by dollar amount) were secured by real estate, or made to borrowers who live or conduct business, in the Puget Sound region.'
- MEDIUMloan_portfoliocommercial real estate loans34%10-K Item 1A: 'our commercial real estate loan portfolio totaled $1.29 billion, or 34.2% of our total loan portfolio.'
- MEDIUMloan_portfolioconsumer loans35%10-K Item 1: 'we had $1.33 billion in total consumer loans, representing 35.4% of total loans.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
Unprofitable operations — net margin -1.0%. Quality floor flags this regardless of sector context.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $42.94: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.2/10. Specifically: Elevated put/call ratio: 23.67; Below-average business quality; Negative price momentum. Chart setup: Death cross but MACD improving, RSI 57. Prior stop was $39.93. Score 5.2/10, moderate confidence.
Analyst target: $43.99 (+2.4% upside). Prior stop was $39.93. Stop-loss: $39.93.
Single-region cliff: 81% exposure to Puget Sound region (≥60% threshold). Regional macroeconomic shock = idiosyncratic terminal risk.; Concentration risk — Geographic: Puget Sound region (81.0%); Target reached (2.4% upside).
Coastal Financial Corporation trades at a P/E of N/A (forward 8.3). TrendMatrix value score: 8.5/10. Verdict: Sell.
8 analysts rate CCB, with a consensus score of 4.1/5. 4 analysts publish price targets averaging $52.
What does Coastal Financial Corporation do?Coastal Financial Corporation is a Washington state bank holding company operating Coastal Community Bank across three...
Coastal Financial Corporation is a Washington state bank holding company operating Coastal Community Bank across three segments: a Puget Sound community bank, the CCBX banking-as-a-service platform serving 28 digital financial-services partners nationwide, and treasury & administration. As of December 31, 2025, the company held $4.74 billion in total assets, $3.75 billion in total loans, and $4.14 billion in deposits, with CCBX-originated loans making up 48.1% of the total loan book.