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Coastal Carolina Bancshares, Inc. Reports Fourth Quarter and Annual Financial Results

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FAQSIR News Desk
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#Overview of Financial Performance

Coastal Carolina Bancshares, Inc., the parent company of Coastal Carolina National Bank based in Myrtle Beach, SC, announced strong financial results for the fourth quarter and the year ending December 31, 2025. The company reported a net income of $10.9 million, translating to $1.71 per share, marking a 29% increase from the prior year's net income of $8.5 million or $1.36 per share.

#Quarterly Highlights

For the last quarter of 2025, Coastal Carolina Bancshares achieved a net income of $3.1 million, reflecting a 4% improvement over the third quarter of 2025 and a significant 16% rise compared to the fourth quarter of 2024. This consistent growth underscores the company’s effective strategic execution.

#Asset and Deposit Growth

The company reported total assets of $1.279 billion, a 17% increase year-over-year. Total deposits grew by $158 million or 16% during the year, reaching $1.147 billion. Notably, the quarter saw a deposit increase of $51 million, attributed in part to temporary larger deposits, indicating solid customer trust.

#Loan Performance

Loans also rose significantly, increasing by $34 million or 4% in the fourth quarter and totaling $945 million for the year, representing a 13% increase. The highest growth during 2025 was noted in non-owner occupied commercial real estate and residential lending, reinforcing the bank's lending strength.

#Credit Quality and Regulatory Capital

Coastal Carolina maintained robust credit quality metrics with a non-performing assets ratio of 0.00% and minimal past due loans. At year-end, the bank's regulatory capital ratios remained strong, surpassing required minimums: Leverage at 9.50%, Tier 1 at 12.77%, and Total Risk-Based at 13.92%.

#Management Commentary

Laurence S. Bolchoz, Jr., President and CEO, expressed pride in the bank’s growth, attributing success to the team’s commitment to community service and the effective management of loan and deposit growth throughout the year. He noted the rise in interest income as a contributor to overall financial improvements.

#Key Takeaways

  • Net income for 2025 reached $10.9 million, a 29% increase from 2024.
  • Fourth quarter net income was $3.1 million, up 4% from the previous quarter.
  • Total deposits increased by 16% year-over-year, reaching $1.147 billion.
  • Loan growth was 13% annually, totaling $945 million by year-end.
  • The company's credit quality indicators remain exceptionally strong.

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Frequently Asked Questions

Coastal Carolina Bancshares, Inc. reported a net income of $10,935,414 or $1.71 per share for the year ended December 31, 2025, reflecting a robust 29% increase compared to the previous year, indicating strong growth potential.
In the fourth quarter of 2025, the company achieved a net income of $3,083,360, marking a 4% increase from the previous quarter and a significant 16% increase from the same quarter of 2024, showcasing consistent upward momentum.
The company experienced notable deposit growth, with an increase of $158 million or 16% over the year, reaching $1,147 million by December 31, 2025, underscoring strong customer confidence and solid market positioning.
Coastal Carolina Bancshares reported a loan growth of $107 million or 13% year-on-year, reaching $945 million, which exemplifies the bank's successful lending strategy and market expansion efforts.
The company reported net interest income of $10.3 million for Q4 2025, a 4% increase from the previous quarter and a 19% increase compared to Q4 2024, with a net interest margin improvement to 3.55%, indicating effective management in a changing interest rate environment.
Coastal Carolina Bancshares maintained impressive credit quality metrics, with a non-performing assets ratio of 0.00% and no loan charge-offs, suggesting a healthy loan portfolio and prudent risk management.
The company's regulatory capital ratios exceeded minimum requirements, with Leverage at 9.50%, Tier 1 at 12.77%, and Total Risk-Based at 13.92%, reflecting a solid capital base to support future growth.
In December 2025, Coastal Carolina Bancshares successfully issued $15 million in common equity at $12.50 per share, which strengthens its capital base and supports ongoing strategic initiatives, enhancing its growth prospects.