#Coastal Carolina Bancshares, Inc. Reports Strong Financial Performance for Q3 2025
Coastal Carolina Bancshares, Inc., the parent company of Coastal Carolina National Bank, has announced robust financial results for the third quarter of 2025. The company reported a net income of $2,959,053, translating to $0.47 per share, which marks a notable increase from $2,235,070 or $0.36 per share during the same period in the previous year. This also represents a rise from $2,515,712 or $0.40 per share for the prior quarter.
#Year-to-Date Performance
For the first nine months of 2025, the company recorded a total net income of $7,852,054, or $1.24 per share, compared to $5,842,714 or $0.94 per share for the corresponding period in 2024. The results reflect a strong year-to-date growth of 34% in net income, indicating effective operational strategies and market presence.
#Quarterly Growth Highlights
- Quarterly net income increased by 18% from the previous quarter and by 32% compared to Q3 2024.
- Total assets grew to $1.21 billion, representing a 2% increase from the last quarter and an 11% rise year-to-date.
- Deposits rose by $16 million or 2% from the previous quarter, bringing total deposits to $1.096 billion.
- Loans increased by $32 million or 4%, reaching $911 million at the end of the third quarter.
- The company reported a zero non-performing assets ratio, highlighting solid credit quality.
#Financial Metrics and Margins
The return on average equity for the quarter stood at 14.27%, indicating strong profitability in managing equity. The bank demonstrated effective management of loan growth, with significant contributions from owner-occupied commercial real estate and residential lending.
Despite a slight compression in net interest margin to 3.46%, the net interest income increased by 5% to $9.8 million compared to the previous quarter. This outcome reflects both a growth in loan yield and a strategic focus on asset management amid changing interest rates.
#Management Commentary and Outlook
President and CEO, Laurence S. Bolchoz, Jr., expressed satisfaction with the bank’s performance and credited the results to the team’s commitment to maintaining high credit quality and fostering relationships with customers. The bank’s consistent performance positions it well for future growth, despite external economic pressures.
#Key Takeaways
- Coastal Carolina Bancshares reported Q3 net income of $2.96 million, up 18% from Q2 2025.
- Year-to-date net income increased by 34% compared to 2024.
- The company maintains a non-performing asset ratio of 0.0%, indicating strong credit quality.
- Total assets reached $1.21 billion, with deposits and loans showing steady growth.
- Return on average equity was 14.27%, reflecting effective capital management.
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