Every material Form 8-K COASTAL FINANCIAL CORP has filed with the SEC since October 29, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Coastal Financial said Brian Hamilton, president of its CCBX fintech and banking-as-a-service division, will step down as an employee and move to a consulting role, and that Chief Executive Eric M. Sprink voluntarily agreed to a lower base salary. The company said both changes are part of a broader cost-reduction and operational-efficiency effort, and the filing does not include financial results.
Brian Hamilton ceases as CCBX president and employee; he will remain a consultant and a board member
Hamilton's consulting period runs through May 1, 2027, at $35,000 per month, capped at $245,000 total
CEO Eric M. Sprink's base salary falls from $874,000 to $500,000, effective October 28, 2026
Coastal Financial Corporation reported third-quarter 2026 net income of $13.8 million, or $0.89 per diluted share, after a second-quarter net loss of $42.1 million tied mainly to its relationship with one partner, The Partner. Revenue fell 16.1% from the prior quarter but rose 3.2% from a year earlier, and noninterest expense dropped $56.3 million, which the company attributes to the absence of a large second-quarter credit valuation charge.
Net income $13.8 million and EPS $0.89, versus a net loss of $42.1 million and EPS of $(2.76) in the second quarter of 2026
Total revenue $149.3 million, down 16.1% from the prior quarter and up 3.2% from the third quarter of 2025
Noninterest expense fell $56.3 million to $84.8 million; the company has identified up to $20.0 million in potential annualized savings over the next 4–6 quarters
CEO Eric Sprink voluntarily agreed to cut his base salary from $874,000 to $500,000; Brian Hamilton stepped down as President and moved to a strategic advisory role
Coastal Financial Corporation reported unaudited net income of $13.8 million, or $0.89 per diluted share, for the quarter ended September 30, 2026, compared with a net loss of $42.1 million in the prior quarter and $13.6 million in the same quarter of 2025. Noninterest expense fell to $84.8 million from $141.1 million in the second quarter, and the company said it has identified up to $20.0 million in potential annualized expense savings.
Net income of $13.8 million ($0.89 diluted EPS) versus a net loss of $42.1 million ($2.76 loss per share) in Q2 2026 and $13.6 million ($0.88) in Q3 2025.
Noninterest expense decreased $56.3 million to $84.8 million, mainly because Q2 included a $46.0 million credit enhancement valuation adjustment related to one partner.
Bluevine, a CCBX partner, agreed to be acquired by Valley National Bancorp; closing is expected in Q2 2027, and the Bank held $452.4 million in Bluevine deposits on its balance sheet at September 30, 2026.
Brian Hamilton stepped down as President, and Joel Edwards serves as interim Chief Financial Officer following the August 2026 departure of Brandon Soto.
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