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Get filing alertsCoastalSouth reports Q2 net income of $7.3M ($0.59/share), declares $0.05 dividend
Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
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Q2 2026 net income of $7.3M ($0.59/share) up 16% from Q1's $6.3M and 22% year-over-year; return on average tangible common equity 10.06%.
Exhibit 99.1 view on EDGAR → -
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Net interest margin expanded 7 bps to 3.66% as deposit costs fell 6 bps to 2.48%, driven by CD repricing; new loan yields of 6.67% run 42 bps above portfolio average.
Exhibit 99.1 view on EDGAR → -
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Loans held for investment grew $78.1M in Q2 (19.3% annualized) on $181.6M in new production, 74% from community bank; year-to-date growth $88.1M (5.4%).
Exhibit 99.1 view on EDGAR → -
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Board declared quarterly dividend of $0.05/share payable August 27, 2026 to shareholders of record August 13, 2026.
Exhibit 99.1 view on EDGAR → -
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Repurchased 48,491 shares at weighted-average $25.48 under program launched May 1, 2026.
Exhibit 99.1 view on EDGAR →
Summary
CoastalSouth Bancshares reported second-quarter 2026 net income of $7.3 million, or $0.59 per diluted share, up 16% from the prior quarter and 22% year-over-year. The improvement was driven by net interest margin expansion to 3.66% (up 7 basis points quarter-over-quarter and 20 basis points year-over-year) as deposit costs fell 6 basis points to 2.48%, reflecting ongoing repricing of certificates of deposit.
The bank originated $181.6 million in new loans during the quarter, yielding 6.67%—42 basis points above the existing portfolio average—and grew loans held for investment by $78.1 million, or 19.3% annualized. Return on average tangible common equity reached 10.06%, and net charge-offs remained minimal at 0.01% of average loans.
The Board declared a quarterly dividend of $0.05 per share, payable August 27 to shareholders of record August 13. The company also repurchased 48,491 shares at a weighted-average price of $25.48 under the buyback program launched May 1, 2026. For retail holders, the combination of accelerating loan growth at accretive yields, margin expansion from lower deposit costs, and dual capital return (dividend plus buyback) signals improving profitability and disciplined capital allocation. The strong community-bank loan production (74% of originations) and new Charleston team contributions suggest the growth is geographically diversified and sustainable.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
CoastalSouth Bancshares made available investor presentation materials on July 20, 2026.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On July 20, 2026, the Company made available a copy of investor presentation material (the “Investor Presentation”) prepared for use with the press release. The Investor Presentation is attached to this Report as Exhibit 99.2. The Investor Presentation is also available on the “Investor Relations” page of the Company’s website (https://www.coastalstatesbank.com).
The company disclosed investor presentation materials on July 20, 2026, furnished under Item 7.01 (Regulation FD Disclosure). The presentation is attached as Exhibit 99.2 and available on the company's investor relations website. This is a routine disclosure mechanism for sharing information with investors.
Event · Exhibit 99.1
CoastalSouth reported Q2 2026 net income of $7.3M ($0.59/share), up from Q1's $6.3M, with strong loan growth and a quarterly dividend of $0.05/share.
Added in current filing · view on EDGAR →
net income of $7.3 million, or $0.59 per diluted share, for the second quarter of 2026, compared to approximately $6.3 million, or $0.51 per diluted share, for the first quarter of 2026, and $6.0 million, or $0.57 per diluted share, for the second quarter of 2025
CoastalSouth reported second-quarter 2026 net income of $7.3 million, or $0.59 per diluted share, up 16% from the prior quarter's $6.3 million and up 22% year-over-year from $6.0 million. For the six months ended June 30, 2026, net income was $13.7 million, or $1.10 per diluted share, compared to $11.0 million, or $1.04 per diluted share, in the same period of 2025.
Added in current filing · view on EDGAR →
outstanding loan production2 of $181.6 million during the second quarter, driving a $78.1 million increase in loans held for investment, or 19.3% annualized. ... Gross LHFI were $1.71 billion at June 30, 2026, an increase of approximately $88.1 million, or 5.4%, from $1.62 billion at December 31, 2025.
The bank originated $181.6 million in new loan commitments during Q2 2026, resulting in a $78.1 million increase in loans held for investment (19.3% annualized growth). Management noted the majority of production came from the community bank, with meaningful contributions from each region including the new Charleston team. Year-to-date, gross loans held for investment grew $88.1 million, or 5.4%, to $1.71 billion.
Added in current filing · view on EDGAR →
Net interest margin of 3.66%, an increase of 7 basis points from the first quarter of 2026 ... The Company’s net interest margin increased by 7 basis points to 3.66% for the second quarter of 2026, compared to 3.59% for the first quarter of 2026, and increased 20 basis points from the second quarter of 2025.
Net interest margin expanded to 3.66% in Q2 2026, up 7 basis points from Q1 2026's 3.59% and up 20 basis points from Q2 2025's 3.46%. The improvement was driven by a 5-basis-point decrease in total cost of funds to 2.50% and stable earning-asset yields. Deposit costs fell 6 basis points to 2.48%, reflecting continued repricing of certificates of deposit.
Event · Exhibit 99.2
CoastalSouth Bancshares disclosed Q2 2026 earnings results, a quarterly dividend declaration, and a share repurchase program update.
Added in current filing · view on EDGAR →
Diluted EPS QoQ Annualized LHFI Growth Return on Average Tangible Common Equity(1) Return on Average Assets Net Interest Margin Quarterly Highlights: Q2 2026 Non-GAAP financial measure; for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measure see the Appendix. Billion in Total Assets Loan / Deposit Ratio QoQ TBV (1) per Share Annualized Growth Net Charge-Offs to Average LHFI Adj. Non-Performing Assets(1) / Total Assets $0.59 3.66% 10.06% $2.42 19.3% 94.18% 0.61% 11.23% 0.01% 1.24%
The company reported Q2 2026 diluted earnings per share of $0.59, with total assets of $2.42 billion and a loan-to-deposit ratio of 94.18%. Return on average tangible common equity was 10.06%, return on average assets was 0.61%, and net interest margin was 3.66%. Net charge-offs to average loans held for investment were minimal at 0.01%, and adjusted nonperforming assets to total assets were 1.24%.
Added in current filing · view on EDGAR →
declared a $0.05 quarterly dividend on July 20, 2026.
The Board of Directors declared a quarterly cash dividend of $0.05 per share on July 20, 2026. This follows a prior quarterly dividend paid to shareholders in May 2026.
Added in current filing · view on EDGAR →
Net interest income increased $1.0 million compared to Q1 2026 and increased $2.6 million compared to Q2 2025. Net interest margin improved during the quarter due primarily to decreased costs of deposits, namely DDA and time deposits.
Net interest income grew $1.0 million quarter-over-quarter and $2.6 million year-over-year. The net interest margin improved primarily due to lower deposit costs, particularly in demand deposit accounts and time deposits, reflecting effective deposit pricing management.
Added in current filing · view on EDGAR →
$181.6 million in gross LHFI production for Q2 2026. As of June 30, 2026, these loans had a funded balance of $126.0 million and unfunded commitments of $53.9 million. Community Bank loan production was approximately 74% of total LHFI production for Q2 2026. The weighted average coupon for new production was 6.67% for Q2 2026, 42 bps higher than the weighted average yield of 6.25% for the LHFI portfolio for Q2 2026.
The company originated $181.6 million in gross loans held for investment during Q2 2026, with $126.0 million funded and $53.9 million in unfunded commitments. Community Bank lending represented 74% of production. New loan yields averaged 6.67%, 42 basis points above the existing portfolio yield of 6.25%, indicating accretive pricing on new originations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 28, 2026 · How we verify