CoastalSouth Bancshares Inc (COSO)

Name: CoastalSouth Bancshares Inc Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2026-03-31

Latest Quarter

2026-03-31

Revenue

$34.5M

Net Income

$6.3M

Operating Margin

24.0%

Free Cash Flow

$61.3M

Debt / Assets

88.7%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for CoastalSouth Bancshares Inc (COSO).
Income Statement (Quarterly)	2026-03-31	2025-03-31	2024-12-31	2024-09-30
Revenue	34,535,000	31,704,000	16,989,000	19,642,000
Cost of Revenue	13,206,000	13,894,000	0	-1,308,000
Gross Profit	21,329,000	17,810,000	16,989,000	20,950,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	10,413,000	7,380,000	8,777,000	7,224,000
Operating Expenses	13,044,000	11,218,000	8,777,000	10,549,000
Operating Income	8,285,000	6,592,000	8,212,000	-51,416,000
Interest Expense	12,824,000	13,265,000	0	15,588,000
Income Before Tax	8,285,000	6,592,000	6,654,000	10,120,000
Income Tax Expense	1,956,000	1,542,000	950,000	2,236,000
Net Income	6,329,000	5,050,000	5,704,000	7,884,000
Per Share
EPS	0.53	0.49	0.54	0.77
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for CoastalSouth Bancshares Inc (COSO).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	135,784,000	129,719,000	71,660,000	64,124,000
Cost of Revenue	57,019,000	58,880,000	315,000	0
Gross Profit	78,765,000	70,839,000	71,345,000	64,124,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	31,636,000	27,036,000	34,629,000	25,324,000
Operating Expenses	47,629,000	43,624,000	71,660,000	-40,292,000
Operating Income	31,136,000	27,215,000	36,716,000	23,832,000
Interest Expense	53,823,000	58,327,000	42,723,000	9,622,000
Income Before Tax	31,136,000	27,215,000	31,495,000	23,832,000
Income Tax Expense	6,244,000	5,311,000	7,017,000	5,642,000
Net Income	24,892,000	21,904,000	24,478,000	18,190,000
Per Share
EPS	2.24	2.15	2.61	2.09
EPS Diluted	0.00	0.00	0.00	0.00

Balance sheet quarterly history for CoastalSouth Bancshares Inc (COSO).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	41,538,000	67,961,000	19,601,000	19,325,000
Short Term Investments	339,262,000	0	-281,279,000	366,120,000
Net Receivables	0	0	0	7,476,000
Inventory	0	0	0	-37,823,000
Total Current Assets	79,767,000	67,961,000	19,601,000	392,921,000
Property Plant Equipment	18,122,000	21,832,000	21,599,000	23,347,000
Goodwill and Intangibles	6,262,000	6,386,000	6,463,000	6,867,000
Total Assets	2,306,586,000	2,098,712,000	2,028,599,000	1,835,478,000
Liabilities
Account Payables	0	0	0	0
Short Term Debt	0	0	23,990,000	18,000,000
Total Current Liabilities	526,871,000	1,238,972,000	23,990,000	18,000,000
Long Term Debt	30,000,000	14,730,000	14,682,000	122,678,000
Total Liabilities	2,047,057,000	1,903,480,000	1,872,556,000	1,716,681,000
Shareholders Equity
Retained Earnings	66,885,999	41,994,000	20,090,000	-86,000
Total Shareholders Equity	259,529,000	195,232,000	156,043,000	118,797,000

Balance sheet annual history for CoastalSouth Bancshares Inc (COSO).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	41,538,000	67,961,000	19,601,000	19,325,000
Short Term Investments	339,262,000	0	-281,279,000	366,120,000
Net Receivables	0	0	0	7,476,000
Inventory	0	0	0	-37,823,000
Total Current Assets	79,767,000	67,961,000	19,601,000	392,921,000
Property Plant Equipment	18,122,000	21,832,000	21,599,000	23,347,000
Goodwill and Intangibles	6,262,000	6,386,000	6,463,000	6,867,000
Total Assets	2,306,586,000	2,098,712,000	2,028,599,000	1,835,478,000
Liabilities
Account Payables	0	0	0	0
Short Term Debt	0	0	23,990,000	18,000,000
Total Current Liabilities	526,871,000	1,238,972,000	23,990,000	18,000,000
Long Term Debt	30,000,000	14,730,000	14,682,000	122,678,000
Total Liabilities	2,047,057,000	1,903,480,000	1,872,556,000	1,716,681,000
Shareholders Equity
Retained Earnings	66,885,999	41,994,000	20,090,000	-86,000
Total Shareholders Equity	259,529,000	195,232,000	156,043,000	118,797,000

Cash flow quarterly history for CoastalSouth Bancshares Inc (COSO).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	24,892,000	21,904,000	24,478,000	18,190,000
Depreciation & Amortization	2,323,000	2,702,000	2,829,000	2,444,000
Stock Based Compensation	946,000	1,297,000	1,091,000	937,000
Change in Working Capital	2,274,000	940,000	-1,160,000	-183,000
Operating Cash Flow	63,128,000	-12,669,000	37,139,000	83,538,000
Investing Activities
Capital Expenditure	-1,830,000	-1,414,000	-310,000	-2,160,000
Investments	0	-1,414,000	-310,000	-2,160,000
Investing Cash Flow	-224,095,000	-17,312,000	-176,352,000	-502,898,000
Financing Activities
Debt Repayment	-12,000,000	-47,000,000	-52,044,000	-8,000,000
Common Stock Issued/Repurchased	31,789,000	0	8,835,000	17,000
Dividends Paid	0	0	0	0
Financing Cash Flow	172,773,000	49,389,000	158,802,000	223,965,000
Summary
Free Cash Flow	61,298,000	-14,083,000	36,829,000	81,378,000
Net Change in Cash	11,806,000	19,408,000	19,589,000	-195,395,000

Cash flow annual history for CoastalSouth Bancshares Inc (COSO).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	24,892,000	21,904,000	24,478,000	18,190,000
Depreciation & Amortization	2,323,000	2,702,000	2,829,000	2,444,000
Stock Based Compensation	946,000	1,297,000	1,091,000	937,000
Change in Working Capital	2,274,000	940,000	-1,160,000	-183,000
Operating Cash Flow	63,128,000	-12,669,000	37,139,000	83,538,000
Investing Activities
Capital Expenditure	-1,830,000	-1,414,000	-310,000	-2,160,000
Investments	0	-1,414,000	-310,000	-2,160,000
Investing Cash Flow	-224,095,000	-17,312,000	-176,352,000	-502,898,000
Financing Activities
Debt Repayment	-12,000,000	-47,000,000	-52,044,000	-8,000,000
Common Stock Issued/Repurchased	31,789,000	0	8,835,000	17,000
Dividends Paid	0	0	0	0
Financing Cash Flow	172,773,000	49,389,000	158,802,000	223,965,000
Summary
Free Cash Flow	61,298,000	-14,083,000	36,829,000	81,378,000
Net Change in Cash	11,806,000	19,408,000	19,589,000	-195,395,000