Reported Q: Q4 2024 Rev YoY: -48.4% EPS YoY: -28.0% Move: +0.72%
CoastalSouth Bancshares
COSO
$25.16 0.72%
Exchange NYSE Sector Financial Services Industry Banks Regional
Q4 2024
Published: Dec 31, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for COSO

Reported

Report Date

Dec 31, 2024

Quarter Q4 2024

Revenue

16.99M

YoY: -48.4%

EPS

0.54

YoY: -28.0%

Market Move

+0.72%

Previous quarter: Q3 2024

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Earnings Highlights

  • Revenue of $16.99M down 48.4% year-over-year
  • EPS of $0.54 decreased by 28% from previous year
  • Gross margin of 100.0%
  • Net income of 5.70M
  • "" -
COSO
Company COSO

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Executive Summary

CoastalSouth Bancshares reported a solid quarterly bottom line in Q4 2024, with net income of $5.70 million and earnings per share of $0.54, underpinned by an operating margin of approximately 48.3% and a net margin of about 33.6%. Revenue declined year over year by 48.4% and quarter over quarter by 13.5%, driven by a thinner revenue base despite a strong 4Q operating performance. The company posted a modestly positive sequential improvement in operating income (QoQ up ~116%), suggesting seasonality or quarterly mix effects rather than a structural uplift in top-line revenue. The balance sheet remains liquidity-positive with approximately $67.96 million in cash and cash equivalents against total liabilities of roughly $1.90 billion, yielding a negative net debt position of about $53.2 million and a prudent leverage profile (debt to assets around 0.7% and debt to equity around 7.5%). Equity stands at $195.2 million, resulting in a return on equity of roughly 2.9% and a return on assets near 0.27%. Valuation metrics imply a premium priced stock relative to book value (P/B = 1.19) and peers in the regional banking universe, with a price-to-earnings multiple near 10.2x. Absent a material improvement in loan growth or net interest income, COSO faces challenges from a re-anchoring of revenue and a relatively modest ROE, though the balance sheet provides optionality for strategic initiatives and balance sheet optimization.

Key Performance Indicators

Revenue
Decreasing
16.99M
QoQ: -13.51% | YoY: -48.36%
Gross Profit
Decreasing
16.99M
1.00% margin
QoQ: -18.91% | YoY: -48.36%
Operating Income
Decreasing
8.21M
QoQ: 115.97% | YoY: -17.81%
Net Income
Decreasing
5.70M
QoQ: -27.65% | YoY: -20.30%
EPS
Decreasing
0.54
QoQ: -29.87% | YoY: -28.00%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 0.00 0.51 +0.0% View
Q1 2025 31.70 0.47 +15.7% View
Q4 2024 16.99 0.54 -48.4% View
Q3 2024 19.64 0.75 -31.7% View
Q2 2024 18.12 0.56 +2.8% View