Coastal Financial Corp.
- CCB · Nasdaq
- State Commercial Banks
- Everett, WA
- 483 employees
- CIK 0001437958
Updated from SEC filings through
Top things to know
Executives
- Eric Sprink Chief Executive Officer of Coastal 8-K, 2026-10-29
-
Eric M. Sprink CEO 4, 2026-08-07 -
Joel G. Edwards Chief Financial Officer 3, 2026-08-26 - Joel Edwards Interim Chief Financial Officer 8-K, 2026-07-23
- Brandon John Soto CFO 4, 2026-03-13
- Brandon J. Soto Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) 10-K, 2026-02-27
What leadership is saying
“The third quarter better reflects the underlying earnings power of Coastal’s business, following a challenging second quarter for our shareholders. During the quarter we updated our assessment of the affected relationship, including loan portfolio performance, expected credit losses and our assessment of the collectability of amounts due under the partner's indemnification arrangement. The results of that review substantially supported the estimates established at June 30, 20”
Earnings press release (8-K Ex. 99.1), filed October 29, 2026
Coastal Financial Corp is a U.S. public company in state commercial banks (SIC 6022), headquartered in Everett, WA. It trades as CCB on Nasdaq. Revenue was $430M in the fiscal year ending December 31, 2025, +8.3% from the year before. It reported about 483 employees. Eric Sprink is Chief Executive Officer of Coastal.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $430M 10-K, 2026-02-27 | $397M 10-K, 2026-02-27 | $323M 10-K, 2026-02-27 | $192M 10-K, 2025-03-17 | $83.1M 10-K, 2024-03-15 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | Not on file | Not on file | Not on file | Not on file | Not on file |
| Net income | $47.0M 10-K, 2026-02-27 | $45.2M 10-K, 2026-02-27 | $44.6M 10-K, 2026-02-27 | $40.6M 10-K, 2025-03-17 | $27.0M 10-K, 2024-03-15 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Eric Sprink | Chief Executive Officer of Coastal | 8-K, 2026-10-29 |
| Eric M. Sprink CEO at Coastal Community Bank | CEO | 4, 2026-08-07 |
| Joel G. Edwards | Chief Financial Officer | 3, 2026-08-26 |
| Joel Edwards | Interim Chief Financial Officer | 8-K, 2026-07-23 |
| Brandon John Soto | CFO | 4, 2026-03-13 |
| Brandon J. Soto | Executive Vice President and Chief Financial Officer (Principal Financial and Accounting Officer) | 10-K, 2026-02-27 |
 Brian T. Hamilton Fintech Founder | Executive - President & Director @ Coastal, Co-Founder @ OnePay | President of CCBX | 4, 2026-09-01 |
| Freddy I. Rivas Chief Credit Officer @ Coastal | C-suite | Banking & Fintech | Chief Credit Officer | 4, 2026-08-04 |
| Elizabeth Ann Sarvela | Chief Risk Officer | 4, 2026-05-04 |
| Elizabeth A. Sarvela | Named in proxy bio: Chief Risk & Compliance Officer | DEF 14A, 2026-04-13 |
 Christopher D. Adams | Executive Chair | 4, 2026-08-07 |
| Thomas Lane | Lead Independent Director | 8-K, 2026-07-30 |
| Steven D. Hovde | Vice Chair of the Board | 10-K, 2026-02-27 |
| Gregory A. Tisdel | Director | 10-K, 2026-02-27 |
| Michael R. Patterson | Director | 10-K, 2026-02-27 |
| Pamela R. Unger | Director | 10-K, 2026-02-27 |
What Coastal Financial Corp does
Coastal Financial Corporation (“Company”) is a registered bank holding company, whose wholly owned subsidiaries are Coastal Community Bank (“Bank”) and Arlington Olympic LLC (“LLC”). The Company is a Washington state corporation that was organized in 2003. The Bank was incorporated and commenced operations in 1997 and is a Washington state-chartered commercial bank and Federal Reserve System (“Federal Reserve”) member bank. The LLC was formed in 2019 and owns the Company’s Arlington branch, which the Bank leases from the LLC.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 15.3 million (as of October 30, 2026) | 10-Q, November 5, 2026 |
|---|---|---|
| Public float | $1.3B (as of June 30, 2025) | 10-K, February 27, 2026 |
| Reportable segments | 3 (period ending September 30, 2026) | 10-Q, November 5, 2026 |
| Latest proxy statement | Meeting May 27, 2026 (filed April 13, 2026) | DEF 14A, April 13, 2026 |
| Auditor | Baker Tilly US, LLP (Everett, Washington,) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 7, 2026 | Christopher D. Adams Executive Chair | Buy | 290 | $13K | Form 4, August 7, 2026 |
| August 6, 2026 | Eric M. Sprink CEO | Buy | 10,000 | $445K | Form 4, August 7, 2026 |
| August 6, 2026 | Steven D. Hovde Director | Buy | 15,000 | $658K | Form 4, August 7, 2026 |
| June 2, 2026 | Brian T. Hamilton President of CCBX | Sale | 7,000 | $500K | Form 4, June 2, 2026 |
| May 8, 2026 | Thomas D. Lane Director | Sale | 300 | $22K | Form 4, May 11, 2026 |
| May 1, 2026 | Brian T. Hamilton President of CCBX | Sale | 3,079 | $232K | Form 4, May 1, 2026 |
| March 3, 2026 | Brian T. Hamilton President of CCBX | Sale | 146 | $11K | Form 4, March 3, 2026 |
| February 6, 2026 | Brian T. Hamilton President of CCBX | Sale | 48 | $4K | Form 4, February 9, 2026 |
Recent 8-K events
- 8-K filed 2026-10-29
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-10-29
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-10-29
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-09-28
- Item 8.01 Other events
- 8-K filed 2026-07-30
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-07-30
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-07-30
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-23
- Item 8.01 Other events
- 8-K filed 2026-07-23
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-05-29
- Item 5.07 Submission of matters to a vote of security holders
Frequently asked questions about Coastal Financial Corp
- What does Coastal Financial Corp do?
- In its own words, from Item 1 of its 10-K: "Coastal Financial Corporation (“Company”) is a registered bank holding company, whose wholly owned subsidiaries are Coastal Community Bank (“Bank”) and Arlington Olympic LLC (“LLC”). The Company is a Washington state corporation that was organized in 2003. The Bank was incorporated and commenced operations in 1997 and is a Washington state-chartered commercial bank and Federal Reserve System (“Federal Reserve”) member bank. The LLC was formed in 2019 and owns the Company’s Arlington branch, which the Bank leases from the LLC."
- What is Coastal Financial Corp's revenue?
- $430M for the fiscal year ending December 31, 2025, from its 10-K filed February 27, 2026.
- Is Coastal Financial Corp profitable?
- Coastal Financial Corp reported net income of $47.0M for the fiscal year ending December 31, 2025.
- How many employees does Coastal Financial Corp have?
- About 483 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Coastal Financial Corp?
- Eric Sprink, Chief Executive Officer of Coastal, as named in a 8-K filed October 29, 2026.
- Who is the CFO of Coastal Financial Corp?
- Joel G. Edwards, Chief Financial Officer, as named in a 3 filed August 26, 2026.
- Where is Coastal Financial Corp headquartered?
- Everett, WA.
- What is Coastal Financial Corp's stock ticker?
- CCB on Nasdaq.
- What industry is Coastal Financial Corp in?
- State Commercial Banks, SIC code 6022.
- What is Coastal Financial Corp's website?
- coastalbank.com.
- When does Coastal Financial Corp report earnings next?
- January 30, 2027. Source: estimate_8k_pattern.
- Is Coastal Financial Corp a public company?
- Yes. Coastal Financial Corp files with the SEC under CIK 0001437958 and trades as CCB.
- Who audits Coastal Financial Corp?
- Baker Tilly US, LLP, Everett, Washington,, as named in its latest annual report (10-K).
- How many shares of Coastal Financial Corp are outstanding?
- 15.3 million shares as of October 30, 2026, from its 10-Q filed November 5, 2026.
- What is Coastal Financial Corp's public float?
- $1.3B as of June 30, 2025, as reported on the cover of its 10-K filed February 27, 2026.
- How many business segments does Coastal Financial Corp report?
- 3 reportable segments for the period ending September 30, 2026, from its 10-Q filed November 5, 2026.
- When is Coastal Financial Corp's annual shareholder meeting?
- May 27, 2026, per its proxy statement (DEF 14A) filed April 13, 2026.
- Have Coastal Financial Corp insiders traded stock recently?
- Since September 12, 2025, officers and directors reported 22 open-market sales worth about $15.5M and 3 purchases worth about $1.1M on Forms 4 and 5. The most recent: Christopher D. Adams (Executive Chair) bought 290 shares on August 7, 2026.