Business Context and Reporting Period
Company: Coastal Financial Corporation (CCB)
Filing Type: Form 8-K (Current Report)
Report Date: July 29, 2024
Reporting Period: Fiscal quarter ended June 30, 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 June 30, 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 financial data. It references a press release (Exhibit 99.1) for details on revenue, profit, cash flow, margins, debt, and liquidity. Consequently, the filing text does not provide clear values for these metrics.
Material Changes
No material changes or comparative financial data are disclosed within the text of this specific Form 8-K document. The document solely announces the availability of the quarterly results in a separate press release.
Guidance, Outlook, and Risks
The filing text does not contain management commentary, forward-looking guidance, risk factors, or details on contingencies. It includes a standard disclaimer stating that the information furnished in Item 2.02 and Exhibit 99.1 is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other filings unless expressly stated.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release dated July 29, 2024) for actual revenue, net income, and earnings per share figures.
- Verify the Company's liquidity position and loan portfolio quality metrics in the full press release.
- Confirm any updates to the Company's outlook or capital allocation strategy mentioned in the press release.
- Note that the information in this 8-K is "furnished" and not "filed," affecting its legal status under Section 18 of the Exchange Act.