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INVESTOR ACTION NOTICE: Moore Law PLLC Encourages Investors in Coastal Financial Corporation to Contact Law Firm

CCB
  • Coastal Financial Corporation reported a second-quarter net loss of $42.1 million on July 30, 2026, driven by a $68.8 million credit expense linked to a single CCBX partner.
  • The stock price fell $30.75 per share, or 43.5%, to close at $39.91 on July 30, 2026, following the loss announcement.
  • The credit expense included a $46 million valuation adjustment to a related credit enhancement asset & a $22.8 million provision for credit losses tied to the partner's indemnification obligations.
  • The affected portfolio consisted of approximately $500 million in underlying loans, contrasting with prior management representations regarding disciplined growth & credit protection.
  • Fletcher Moore Law PLLC is seeking shareholders of Coastal Financial Corporation (NASDAQ: CCB) to contact fletcher@fmoorelaw.com to explore potential monetary damages, corporate governance reforms, reimbursement, & incentive awards.
  • Legal representation is offered on a contingency fee basis with no cost to shareholders.