Coastal Financial (CCB) Q2 FY26 earnings call

Coastal Financial reported a significant GAAP net loss in Q2 FY26, primarily due to a $68.8 million pre-tax accounting adjustment related to a single CCBX partner's consumer loan portfolio. Despite this isolated issue, the company highlighted strong underlying business performance, including record net interest income, stable net interest margin, and robust loan growth. Management emphasized a renewed focus on operating leverage, profitability, and disciplined growth within its Banking-as-a-Service (BAS) platform, while discontinuing the pursuit of the Evolve Bank and Trust acquisition.