Coastal Carolina Bancshares, Inc. Announces Second Quarter Results
Coastal Carolina Bancshares (OTCQX:CCNB) reported strong Q2 2025 financial results with net income of $2.5 million ($0.40 per share), up 29% from Q2 2024. The bank demonstrated robust growth with quarterly deposit growth of $78 million (7% increase) and loan growth of $17 million (2% increase).
Key performance metrics showed improvement with Return on Average Equity of 12.63% and expanded Net Interest Margin of 3.59%. The bank maintained excellent credit quality with zero non-performing assets and no past due loans. Book value per share increased to $12.80, up from $12.07 at year-end 2024.
Total assets reached $1.19 billion, with strong capital ratios well above regulatory requirements for "well-capitalized" status.Coastal Carolina Bancshares (OTCQX:CCNB) ha riportato solidi risultati finanziari per il secondo trimestre del 2025 con un utile netto di 2,5 milioni di dollari (0,40 dollari per azione), in aumento del 29% rispetto al secondo trimestre del 2024. La banca ha mostrato una crescita robusta con un aumento trimestrale dei depositi di 78 milioni di dollari (incremento del 7%) e una crescita dei prestiti di 17 milioni di dollari (incremento del 2%).
I principali indicatori di performance sono migliorati, con un Rendimento sul Capitale Medio del 12,63% e un ampliamento del Margine di Interesse Netto al 3,59%. La banca ha mantenuto un'eccellente qualit脿 del credito con zero attivit脿 non performanti e nessun prestito scaduto. Il valore contabile per azione 猫 salito a 12,80 dollari, rispetto ai 12,07 dollari di fine 2024.
Gli attivi totali hanno raggiunto 1,19 miliardi di dollari, con solidi rapporti patrimoniali ben al di sopra dei requisiti normativi per lo status di "ben capitalizzata".
Coastal Carolina Bancshares (OTCQX:CCNB) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025 con un ingreso neto de 2.5 millones de d贸lares (0.40 d贸lares por acci贸n), un aumento del 29% respecto al segundo trimestre de 2024. El banco mostr贸 un crecimiento robusto con un crecimiento trimestral de dep贸sitos de 78 millones de d贸lares (incremento del 7%) y un crecimiento en pr茅stamos de 17 millones de d贸lares (incremento del 2%).
Los principales indicadores de desempe帽o mejoraron, con un Retorno sobre el Patrimonio Promedio del 12.63% y un aumento del Margen Neto de Intereses al 3.59%. El banco mantuvo una excelente calidad crediticia con cero activos no productivos y ning煤n pr茅stamo vencido. El valor en libros por acci贸n aument贸 a 12.80 d贸lares, desde 12.07 d贸lares a finales de 2024.
Los activos totales alcanzaron 1.19 mil millones de d贸lares, con s贸lidos 铆ndices de capital muy por encima de los requisitos regulatorios para la condici贸n de "bien capitalizado".
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欤检殧 靹标臣 歆�響滊弰 臧滌劆霅橃柎 韽夑窢 鞛愱赴鞛愲掣鞚挫澋毳� 12.63%瓿� 頇曤寑霅� 靾滌澊鞛愲歆� 3.59%毳� 旮半頄堨姷雼堧嫟. 鞚�頄夓潃 攵�鞁� 鞛愳偘 0瓯�瓿� 鞐办泊 雽�於� 鞐嗢潓鞙茧 鞖办垬頃� 鞁犾毄 頀堨鞚� 鞙犾頄堨姷雼堧嫟. 欤茧嫻 鞛ル秬 臧�旃橂姅 2024雲� 毵� 12.07雼煬鞐愳劀 12.80雼煬搿� 靸侅姽頄堨姷雼堧嫟.
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Coastal Carolina Bancshares (OTCQX:CCNB) a annonc茅 de solides r茅sultats financiers pour le deuxi猫me trimestre 2025 avec un revenu net de 2,5 millions de dollars (0,40 dollar par action), en hausse de 29 % par rapport au deuxi猫me trimestre 2024. La banque a d茅montr茅 une croissance robuste avec une augmentation trimestrielle des d茅p么ts de 78 millions de dollars (7 %) et une croissance des pr锚ts de 17 millions de dollars (2 %).
Les indicateurs cl茅s de performance se sont am茅lior茅s avec un rendement des capitaux propres moyens de 12,63 % et une marge nette d鈥檌nt茅r锚t 茅largie de 3,59 %. La banque a maintenu une excellente qualit茅 de cr茅dit avec z茅ro actif non performant et aucun pr锚t en retard. La valeur comptable par action a augment茅 脿 12,80 dollars, contre 12,07 dollars 脿 la fin de l鈥檃nn茅e 2024.
Les actifs totaux ont atteint 1,19 milliard de dollars, avec des ratios de capital solides bien sup茅rieurs aux exigences r茅glementaires pour le statut de "bien capitalis茅".
Coastal Carolina Bancshares (OTCQX:CCNB) meldete starke Finanzergebnisse f眉r das zweite Quartal 2025 mit einem Nettoeinkommen von 2,5 Millionen US-Dollar (0,40 US-Dollar je Aktie), was einem Anstieg von 29 % gegen眉ber dem zweiten Quartal 2024 entspricht. Die Bank verzeichnete ein robustes Wachstum mit einem quartalsweisen Einlagenwachstum von 78 Millionen US-Dollar (7 % Steigerung) und einem Darlehenswachstum von 17 Millionen US-Dollar (2 % Steigerung).
Wichtige Leistungskennzahlen verbesserten sich mit einer Eigenkapitalrendite von 12,63 % und einer ausgeweiteten Nettozinsmarge von 3,59 %. Die Bank hielt eine ausgezeichnete Kreditqualit盲t mit keinen notleidenden Verm枚genswerten und keinen 眉berf盲lligen Krediten aufrecht. Der Buchwert je Aktie stieg auf 12,80 US-Dollar, gegen眉ber 12,07 US-Dollar zum Jahresende 2024.
Die Gesamtaktiva erreichten 1,19 Milliarden US-Dollar mit starken Kapitalquoten, die deutlich 眉ber den regulatorischen Anforderungen f眉r den Status "gut kapitalisiert" lagen.
- Net income increased 29% year-over-year to $2.5 million in Q2 2025
- Significant deposit growth of $78 million (7%) during Q2 2025
- Net Interest Margin expanded to 3.59% from 3.19% year-over-year
- Pristine credit quality with 0% non-performing assets and no past due loans
- Strong capital ratios exceeding well-capitalized requirements
- Book value per share increased to $12.80 from $12.07 at year-end 2024
- Increased provision for loan losses to $480,000 in Q2 2025 from $335,000 in Q1
- Slight increase in cost of funds from 2.14% to 2.19% quarter-over-quarter
- Noninterest income slightly decreased to $602,000 from $610,000 in previous quarter
MYRTLE BEACH, SC / / July 23, 2025 / Coastal Carolina Bancshares, Inc. (the "Company") (OTCQX:CCNB), parent of Coastal Carolina National Bank (the "Bank"), reported unaudited financial results for the second quarter of 2025. The Company reported net income for the three months ended June 30, 2025, of
2025 Second Quarter Financial Highlights
鈥� Quarterly net income of
鈥� Quarterly Return on Average Equity of
鈥� Net Interest Margin expansion to
鈥� Increased book value per share and tangible book value per share to
鈥� Quarterly deposit growth of
鈥� Quarterly loan growth of
鈥� Key credit quality metrics remained pristine with a non-performing assets ratio of
Coastal Carolina Bancshares, Inc. | |||||||||||||||||||
Selected Financial Highlights | |||||||||||||||||||
(unaudited) | |||||||||||||||||||
June 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sept 30, 2024 | June 30, 2024 | |||||||||||||||
Balance Sheet (In Thousands) | |||||||||||||||||||
Total Assets | $ | 1,187,475 | $ | 1,107,714 | $ | 1,090,310 | $ | 1,100,242 | $ | 1,067,831 | |||||||||
Investment Securities | 84,969 | 89,543 | 95,786 | 93,790 | 92,176 | ||||||||||||||
Loans, excluding loans HFS | 879,837 | 862,802 | 837,325 | 816,470 | 793,349 | ||||||||||||||
Deposits | 1,079,874 | 1,002,265 | 988,838 | 998,895 | 971,491 | ||||||||||||||
Shareholders' Equity | 80,705 | 78,700 | 75,309 | 74,110 | 69,969 | ||||||||||||||
Total Shares Outstanding (1) | 6,302,722 | 6,262,886 | 6,241,589 | 6,241,589 | 6,233,875 | ||||||||||||||
Book Value per Share | $ | 12.80 | $ | 12.57 | $ | 12.07 | $ | 11.87 | $ | 11.22 | |||||||||
Tangible Book Value Per Share | $ | 12.31 | $ | 12.07 | $ | 11.56 | $ | 11.37 | $ | 10.72 | |||||||||
Selected % Increases | 2nd Qtr 2025 | 1st Qtr 2025 | 4th Qtr 2024 | 3rd Qtr 2024 | 2nd Qtr 2024 | ||||||||||||||
Total Assets | 7 | % | 2 | % | -1 | % | 3 | % | 10 | % | |||||||||
Total Loans | 2 | % | 3 | % | 3 | % | 3 | % | 1 | % | |||||||||
Total Deposits | 8 | % | 1 | % | -1 | % | 3 | % | 11 | % | |||||||||
Selected Ratios | |||||||||||||||||||
Loan Loss Reserve to Total Loans | 1.06 | % | 1.03 | % | 1.02 | % | 1.02 | % | 1.02 | % | |||||||||
Non-Performing Assets (excl TDRs) to Total Assets | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | |||||||||
Net Charge-Offs to Avg Total Loans (annualized) | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | |||||||||
For the | For the | For the | For the | For the | |||||||||||||||
Three Months Ended | Three Months Ended | Three Months Ended | Six Months Ended | Six Months Ended | |||||||||||||||
June 30, 2025 | March 31, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |||||||||||||||
Earnings Breakdown (In Thousands) | |||||||||||||||||||
Total Interest Income | $ | 15,110 | $ | 14,366 | $ | 13,193 | $ | 29,476 | $ | 25,234 | |||||||||
Total Interest Expense | 5,775 | 5,408 | 5,649 | 11,184 | 10,824 | ||||||||||||||
Net Interest Income | 9,335 | 8,958 | 7,544 | 18,292 | 14,410 | ||||||||||||||
Total Noninterest Income | 602 | 610 | 558 | 1,213 | 1,065 | ||||||||||||||
Total Noninterest Expense | 6,256 | 6,249 | 5,546 | 12,505 | 10,770 | ||||||||||||||
Provision for Loan Losses | 480 | 335 | 95 | 815 | 190 | ||||||||||||||
Income Before Taxes | 3,201 | 2,984 | 2,461 | 6,185 | 4,515 | ||||||||||||||
Taxes | 685 | 607 | 504 | 1,292 | 907 | ||||||||||||||
Net Income | $ | 2,516 | $ | 2,377 | $ | 1,957 | $ | 4,893 | $ | 3,608 | |||||||||
Basic Earnings Per Share | $ | 0.40 | $ | 0.38 | $ | 0.31 | $ | 0.78 | $ | 0.58 | |||||||||
Diluted Earnings Per Share | $ | 0.40 | $ | 0.38 | $ | 0.31 | $ | 0.78 | $ | 0.58 | |||||||||
Weighted Average Shares Outstanding - Basic | 6,278,237 | 6,256,902 | 6,213,798 | 6,267,629 | 6,206,570 | ||||||||||||||
Weighted Average Shares Outstanding - Diluted | 6,313,473 | 6,332,640 | 6,233,029 | 6,307,941 | 6,230,004 | ||||||||||||||
Selected Ratios | |||||||||||||||||||
Return On Average Assets | 0.88 | % | 0.87 | % | 0.77 | % | 0.87 | % | 0.73 | % | |||||||||
Return On Average Equity | 12.63 | % | 12.35 | % | 11.38 | % | 12.49 | % | 10.64 | % | |||||||||
Efficiency Ratio | 62.88 | % | 65.23 | % | 68.33 | % | 64.03 | % | 69.31 | % | |||||||||
Net Interest Margin *Bank Level* | 3.59 | % | 3.55 | % | 3.19 | % | 3.57 | % | 3.15 | % | |||||||||
(1) - Total shares outstanding excludes unvested restricted stock awards | |||||||||||||||||||
Capital
At June 30, 2025, the Bank's regulatory capital ratios (Leverage, Tier 1, and Total Risk-Based) were
The Company reported book value per share and tangible book value per share at June 30, 2025 of
Balance Sheet and Credit Quality
Total Assets increased by
The Company experienced considerable deposit growth during the quarter reporting
President and CEO of the Company and Bank, Laurence S. Bolchoz, Jr., commented, "The Bank's deposit growth was remarkable during the second quarter with
Net loans increased
The Company continues to report excellent asset quality metrics with no loans classified as nonaccrual, no loans past due greater than 30 days, and a non-performing asset ratio of
Mr. Bolchoz commented, "The Bank continues to report exceptional credit quality metrics with no past dues, no non-accrual loans, and no OREO properties at quarter end. This is a significant accomplishment and a testament to the health of our local economies and our team's emphasis on credit quality".
Income Statement
Net Interest Income
Net interest income increased
Net interest margin expansion during the second quarter of 2025 was driven by loan growth and increased loan yields partially offset by a slight increase in the Bank's cost of funds. The Bank's yield on earning assets increased to
Mr. Bolchoz said, "We are very pleased with the Bank's earnings for the second quarter of 2025 with net income increasing
Noninterest Income
Noninterest income totaled
Noninterest Expense
Noninterest expense totaled
Provision for Loan Losses
During the quarter the Bank recorded a provision of
About Coastal Carolina Bancshares, Inc.
Coastal Carolina Bancshares, Inc. is the Bank holding Company of Coastal Carolina National Bank, a Myrtle Beach-based community bank serving Horry, Georgetown, Aiken, Orangeburg, Richland, Greenville, Spartanburg, and Brunswick (NC) counties. Coastal Carolina National Bank is a locally operated financial institution focused on providing personalized service. It offers a full range of banking services designed to meet the specific needs of individuals and small and medium-sized businesses. Headquartered in Myrtle Beach, SC, the Bank also has branches in Garden City, North Myrtle Beach, Conway, Aiken, Orangeburg, Columbia, Greenville, and Spartanburg, South Carolina, and Ocean Isle Beach, North Carolina. Through the substantial experience of our local management and Board of Directors, Coastal Carolina Bancshares, Inc. seeks to enhance value for our shareholders, build lasting customer relationships, benefit our communities and give our employees a meaningful career opportunity. To learn more about the Company and its subsidiary bank, please visit our website at .
Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include, without limitation: the effects of future economic conditions; governmental fiscal and monetary policies; legislative and regulatory changes; the risks of changes in interest rates; successful merger integration; management of growth; fluctuations in our financial results; reliance on key personnel; our ability to compete effectively; privacy, security and other risks associated with our business. Coastal Carolina Bancshares, Inc. assumes no obligation and does not intend to update these forward-looking statements, except as required by law.
# # #
Contact:
Russell Vedder
Title: EVP/CFO
Phone: (843) 839-5662
Fax: (843) 839-5699
SOURCE: Coastal Carolina Bancshares, Inc.
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FAQ
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