CoastalSouth Bancshares (COSO) Q1 2025 Earnings Report

Revenue and profitability:
- Revenue: $31.704 million in QQ1 2025; YoY growth +15.7%; QoQ growth +86.6% (from $16.989 million in Q4 2024).
- Gross profit: $17.810 million; gross margin 56.18% (0.562). YoY gross profit declined 34.99% while margin remained broadly stable, indicating a favorable price/mix impact on revenue but higher relative cost of revenue in the prior-year period.
- Operating income: $6.592 million; operating margin 20.79% (0.208). YoY operating income declined 72.46%, but QoQ improved meaningfully from Q4 2024 levels as revenue ramped.
- Net income & earnings: Net income $5.050 million; net margin 15.93%; YoY net income up 107.9%; EPS $0.49 (diluted $0.47); YoY EPS up ~104.2% and QoQ down ~9.3%.
- Leverage and efficiency: Interest expense $13.265 million against revenue, with total operating expenses of $25.112 million, yielding an EBITDA of $6.592 million and EBITDARatio 0.208. Debt and liquidity metrics show very limited debt exposure (total debt $20.74 million; net debt $1.358 million) but a limited current-asset liquidity position (current ratio 0.00997).
- Balance sheet and capital structure: Total assets $2.190 billion; cash and short-term investments $98.533 million including long-term investments of $1.896 billion; total liabilities $1.989 billion; total stockholders’ equity $202.104 million. The company carries a very small debt burden relative to assets and a high investment portfolio exposure, which could introduce market-risk and valuation risk but offers potential ongoing investment income and hedging characteristics.