CoastalSouth Bancshares, Inc. — Form 8-K
Filed October 19, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
CoastalSouth Bancshares reported Q3 2026 net income of $8.8M ($0.71 diluted EPS, up 20% QoQ), on $2.42B total assets. Loan production totaled $248.2M; gross LHFI grew $81.6M (19% annualized). Net interest margin expanded 4 bps to 3.70%. Board declared $0.06 quarterly dividend; 285,715 shares repurchased at $27.10 average. Tangible book value declined $0.16 to $21.90 due to $8.3M increase in AOCL from securities valuation losses.
Why this rating
Solid organic growth and strong profitability metrics (ROAA 1.45%, ROATCE 13.12%) are operationally positive, but capital ratios declined slightly and securities losses are headwinds. Size of results material relative to ~$2.4B asset base but not transformational.
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