Coastal Financial posts Q3 loss of $13.8 M and misses earnings and revenue forecasts
Coastal Financial reported net income of $13.8 million for the quarter ended September 30, 2026, translating to earnings of $0.89 per diluted share. Both earnings and revenue ($149.33 million) fell short of analyst expectations of $0.96 per share and $158.86 million, respectively. Net interest income rose 13 % year‑over‑year to $88.3 million but was still below the consensus estimate of $94.09 million. The results triggered a 7.4 % drop in the stock price.
Why it matters
The miss in earnings and revenue caused the shares to fall 7.4 % on the day, reducing the market value of the company. Investors will watch the upcoming closure of Valley National’s acquisition of Bluevine, which the company said will end a partnership and could affect future deposit balances.
Key facts
- 1Net income for Q3 2026 was $13.8 million, or $0.89 per diluted share. finance.yahoo.com
- 2Revenue for the quarter was $149.33 million, missing the consensus estimate of $158.86 million. finance.yahoo.com
- 3Net interest income amounted to $88.3 million, a 13 % increase from the prior year but below the estimate of $94.09 million. finance.yahoo.com
- 4Earnings per share of $0.89 missed the expected $0.96. finance.yahoo.com
- 5The stock closed at $43.66, down 7.4 % from the previous close. finance.yahoo.com
- 6Valley National’s planned acquisition of Bluevine is expected to close in Q2 2027, ending the partnership. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.