CoastalSouth Q2 net income +23% to $7.3M; NIM expands 20bp; initiates $0.05 dividend

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~2 min read

Key Changes

• high

  Net income rose 22.9% to $7.3M in Q2 2026 from $6.0M prior year, driven by higher net interest income. Diluted EPS increased 3.5% to $0.59. Net interest margin expanded 20 basis points to 3.66% from 3.46%, reflecting improved asset yields and lower funding costs.

  MD&A: Net Income & NIM verify on EDGAR →
• high

  The company declared $1.2M in dividends year-to-date through June 30, 2026; no dividends were paid in the prior year.

  Subsequent Events & Note 11 verify on EDGAR →
• high

  Gross loans held for investment grew 12% to $1.71B from $1.53B year-over-year, while total deposits increased 4% to $2.05B from $1.97B. FHLBA advances rose to $75M from zero at June 30, 2025, reflecting increased wholesale funding to support asset growth.

  MD&A: Balance Sheet verify on EDGAR →