CoastalSouth Bancshares, Inc. Reports Earnings for Third Quarter 2026
Key Highlights
- ➤CoastalSouth (COSO) Q3 net income $8.8 million, or $0.71 per diluted share
- ➤Loans held-for-investment production reached $248.2 million, driving 19.0% annualized growth
- ➤Net interest margin increased four basis points sequentially to 3.70%
- ➤Noninterest income rose 51.2% sequentially to $3.3 million on government-guaranteed loan gains
- ➤Board declared $0.06 quarterly dividend, payable November 24, 2026
Expert Statements
Stephen R. Stone, President and Chief Executive Officer of CoastalSouth Bancshares, Inc.
“We delivered record earnings of $0.71 per share in the third quarter, driven by strong loan production and robust gain-on-sale revenue from our government-guaranteed lending business.”
Stephen R. Stone, President and Chief Executive Officer of CoastalSouth Bancshares, Inc.
“We saw outstanding loan production(2) of $248.2 million during the third quarter, driving an $81.6 million increase in loans held-for-investment, or 19.0% annualized.”
Stephen R. Stone, President and Chief Executive Officer of CoastalSouth Bancshares, Inc.
“The majority of production in the third quarter continued to come from the community bank, although our specialty lines of business also had a strong production quarter.”
Stephen R. Stone, President and Chief Executive Officer of CoastalSouth Bancshares, Inc.
“As we head into the fourth quarter, we remain focused on building deep client relationships, maintaining disciplined underwriting, and investing in talented bankers across our footprint.”
CoastalSouth Bancshares, Inc. Reports Earnings for Third Quarter 2026
CoastalSouth Bancshares, Inc. (“CoastalSouth” or the “Company”) (NYSE: COSO), the holding company for Coastal States Bank (the “Bank” or "CSB"), today reported net income of $8.8 million, or $0.71 per diluted share, for the third quarter of 2026, compared to approximately $7.3 million, or $0.59 per diluted share, for the second quarter of 2026, and $6.7 million, or $0.54 per diluted share, for the third quarter of 2025. For the nine months ended September 30, 2026, the Company reported net income of $22.4 million, or $1.81 per diluted share, compared with $17.8 million, or $1.58 per diluted share, for the same period in 2025.
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