COASTAL FINANCIAL CORP Earnings Per Share Disclosure
| Year Ended | |||||||||||||||||
| (dollars in thousands, except per share data) | December 31, 2025 | December 31, 2024 | December 31, 2023 | ||||||||||||||
| Net Income | $ | 46,993 | $ | 45,219 | $ | 44,579 | |||||||||||
| Basic weighted average number common shares outstanding | 15,051,806 | 13,508,047 | 13,261,664 | ||||||||||||||
| Dilutive effect of equity-based awards | 298,369 | 368,859 | 378,518 | ||||||||||||||
Diluted weighted average number common shares outstanding | 15,350,175 | 13,876,906 | 13,640,182 | ||||||||||||||
| Basic earnings per share | $ | 3.12 | $ | 3.35 | $ | 3.36 | |||||||||||
| Diluted earnings per share | $ | 3.06 | $ | 3.26 | $ | 3.27 | |||||||||||
| Antidilutive stock options and restricted stock outstanding | 72,611 | 132,164 | 130,837 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2021 | Mar 14, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Mar 12, 2020 | |
| 2018 | Mar 28, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.