Coastal Financial Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 62.35 million compared to USD 39.89 million a year ago. Net income was USD 12.91 million compared to USD 10.18 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.95 compared to USD 0.76 a year ago.
For the six months, net interest income was USD 116.84 million compared to USD 69.15 million a year ago. Net income was USD 25.3 million compared to USD 16.41 million a year ago. Basic earnings per share from continuing operations was USD 1.91 compared to USD 1.27 a year ago. Diluted earnings per share from continuing operations was USD 1.86 compared to USD 1.22 a year ago.