Coastal Financial reports a $42.1 million net loss for Q2 2026 amid $68.8 million in portfolio adjustments.
Coastal Financial Corporation (CCB) reported a GAAP net loss of $42.1 million, or $2.76 per diluted share, for Q2 2026. The loss follows defined-portfolio adjustments totaling $68.8 million during the quarter.
The company highlighted a $1.01 billion cash position, signaling liquidity despite the quarterly loss. Prior-period results and consensus estimates were not disclosed in the earnings call.
No immediate market reaction was detailed in the source.