Business Context and Reporting Period
Company: Coastal Financial Corporation (CCB)
Filing Type: Form 8-K (Current Report)
Report Date: January 28, 2025
Reporting Period: Fiscal quarter ended December 31, 2024
This filing serves as a notification that the Company issued a press release regarding its results of operations and financial condition for the quarter ended December 31, 2024. The press release is furnished as Exhibit 99.1.
Key Financial Metrics
The provided text is a cover sheet for the Form 8-K and does not contain specific numerical data. Consequently, the following metrics are not available in this document:
- Revenue: Not provided in filing text.
- Profit: Not provided in filing text.
- Cash Flow: Not provided in filing text.
- Margins: Not provided in filing text.
- Debt and Liquidity: Not provided in filing text.
Investors must refer to Exhibit 99.1 (the Press Release) for detailed financial figures.
Material Changes
The filing text does not disclose specific material changes, variances, or comparative data versus prior periods. It only confirms the issuance of the quarterly results announcement.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release containing management commentary but does not include the text of that commentary.
Guidance and Outlook: No forward-looking guidance or outlook is present in the provided text.
Risks and Contingencies: No specific risks or contingencies are detailed in this document.
Unusual Items: None reported in the filing text.
Important Facts for Investor Verification
- Verify the specific financial results (revenue, net income, EPS) by reviewing Exhibit 99.1 (Press Release dated January 28, 2025), as the 8-K text itself contains no numbers.
- Confirm that the information in the press release is "furnished" and not "filed" for purposes of Section 18 of the Exchange Act, meaning it may not be subject to the same liability standards as filed documents.
- Note that the Company is not an emerging growth company.
- Verify the trading symbol (CCB) and exchange (Nasdaq Stock Market LLC) for accurate market data tracking.