Coastal Financial Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 62.23 million compared to USD 49.19 million a year ago. Net income was USD 10.27 million compared to USD 11.1 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 0.86 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 0.82 a year ago.
For the nine months, net interest income was USD 179.07 million compared to USD 118.34 million a year ago. Net income was USD 35.57 million compared to USD 27.51 million a year ago. Basic earnings per share from continuing operations was USD 2.68 compared to USD 2.13 a year ago. Diluted earnings per share from continuing operations was USD 2.61 compared to USD 2.04 a year ago.