Coastal Financial Q3 2026 swings to net income of $13.79 million from prior-quarter loss
Bitget2026/10/29 10:49- Coastal Financial swung to third-quarter 2026 net income of $13.79 million from a loss in the previous quarter.
- Revenue fell 16% quarter over quarter to $149.33 million, largely due to lower BaaS credit enhancement income.
- Noninterest expense dropped 40% from the previous quarter to $84.84 million, primarily due to the absence of a credit-enhancement receivable valuation adjustment.
- Provision for credit losses declined 50% quarter over quarter to $46.02 million.
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