CoastalSouth net income climbs 23.1% to $7.33 million in Q2 FY26

Reuters2026/08/07 20:20

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Coastalsouth Bancshares posted net income of $7.33 million, up about 23.01%, for the quarter ended June 30, 2026.
Net interest income climbed 14.3% to $20.67 million; net interest margin widened 0.2 percentage points to 3.66%.
Noninterest expense rose 10.6% to $13.37 million, driven by higher salaries and employee benefits.
Total assets increased 5% from Dec. 31, 2025 to $2.42 billion; total deposits rose 3% to $2.05 billion.
Loans held for investment grew 5.4% to $1.71 billion; allowance for credit losses rose to $19.82 million from Dec. 31, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coastalsouth Bancshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001297107-26-000014), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoastalSouth net income climbs 23.1% to $7.33 million in Q2 FY26

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