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CoastalSouth Bancshares, Inc. operates as the bank holding company for Coastal States Bank that provides various banking products and services to retail and commercial customers. The company accepts various deposits, including checking, savings, money market, and certificates of deposits, as well as demand deposits accounts and interest-bearing products. It offers commercial loans, such as acquisition, development, and construction loans; income-producing and owner-occupied commercial real estate loans; senior housing loans; and commercial and industrial loans. In addition, the company offers retail loans, including residential mortgages, marine vessels, cash value life insurance line of credit, and other consumer loans, as well as loans held-for-sale. Further, it provides commercial treasury management services which includes balance reporting, transfers between accounts, wire transfer initiation, ACH origination and stop payments; senior housing lending, marine lending, and government guaranteed lending; warehouse lending; debit cards; and telephone banking. In addition, the company offers online banking solutions comprising access to account balances, online transfers, online bill payment and electronic delivery of customer statements, mobile banking solutions; direct deposits; cashier's checks; wire transfer services; automated clearing house services; and cash management deposit products consist of remote deposit capture, positive pay, zero balance accounts and sweep accounts. The company was founded in 2003 and is headquartered in Atlanta, Georgia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $81M | - | $25M | $61M | 9.6% | 17.5% | 13.6% |
| 2024 | $69M | - | $22M | $-14M | 11.2% | -3.8% | -10.5% |
| 2023 | $72M | - | $24M | $37M | 15.7% | 13.2% | 34.6% |
| 2022 | $63M | - | $18M | $81M | 15.3% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 63.30 | 71.66 | 68.93 | 80.97 |
| Pretax Income | 23.83 | 31.50 | 27.21 | 31.14 |
| Tax Provision | 5.64 | 7.02 | 5.31 | 6.24 |
| Net Income | 18.19 | 24.48 | 21.90 | 24.89 |
| Net Income Common Stockholders | 18.19 | 24.48 | 21.90 | 24.89 |
| Interest Expense | 9.62 | 42.72 | 58.33 | 53.82 |
| Interest Income | 66.58 | 107.02 | 123.65 | 127.71 |
| Selling General And Administration | 25.32 | 26.51 | 28.36 | 31.24 |
| Normalized Income | 18.19 | 24.48 | 21.90 | 24.89 |
| Basic EPS | 2.09 | 2.61 | 2.15 | 0 |
| Diluted EPS | 2.05 | 2.58 | 2.09 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.24 | 0.22 | 0.20 | 0.20 |
| Total Unusual Items | -0.09 | 0 | 0 | 0 |
| Total Unusual Items Excluding Goodwill | -0.09 | 0 | 0 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 18.19 | 24.48 | 21.90 | 24.89 |
| Reconciled Depreciation | 2.44 | 2.83 | 2.65 | 2.86 |
| Net Interest Income | 56.96 | 64.29 | 65.32 | 73.89 |
| Net Income From Continuing And Discontinued Operation | 18.19 | 24.48 | 21.90 | 24.89 |
| Diluted Average Shares | 8.85 | 9.50 | 10.47 | 0 |
| Basic Average Shares | 8.71 | 9.38 | 10.20 | 0 |
| Diluted NI Availto Com Stockholders | 18.19 | 24.48 | 21.90 | 24.89 |
| Net Income Including Noncontrolling Interests | 18.19 | 24.48 | 21.90 | 24.89 |
| Net Income Continuous Operations | 18.19 | 24.48 | 21.90 | 24.89 |
| Special Income Charges | -0.48 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0.48 | 0 | 0 | 0 |
| Gain On Sale Of Security | 0 | 0.47 | -3.46 | -0.01 |
| Depreciation Amortization Depletion Income Statement | 0.33 | 0.29 | 0.29 | 0.29 |
| Depreciation And Amortization In Income Statement | 0.33 | 0.29 | 0.29 | 0.29 |
| Amortization | 0.33 | 0.29 | 0.29 | 0.29 |
| Amortization Of Intangibles Income Statement | 0.33 | 0.29 | 0.29 | 0.29 |
| Selling And Marketing Expense | 0.83 | 0.74 | 0.86 | 0.97 |
| General And Administrative Expense | 24.50 | 25.77 | 27.50 | 30.27 |
| Other Gand A | 0.79 | 0.88 | 0.99 | 1.25 |
| Salaries And Wages | 23.70 | 24.89 | 26.50 | 29.02 |
| Operating Revenue | 63.30 | 71.66 | 68.93 | 80.97 |
| Occupancy And Equipment | 2.67 | 2.92 | 3 | 3.32 |
| Professional Expense And Contract Services Expense | 2.22 | 2.72 | 2.05 | 2.63 |
| Other Non Interest Expense | 6.54 | 8.02 | 8.26 | 9.17 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CoastalSouth Bancshares, Inc.this co. | COSO | $305M | 11.58 | 1.16 | 9.6% | - |
| The First Bancorp, Inc. | FNLC | $320M | 8.77 | 1.13 | 12.1% | - |
| BayCom Corp | BCML | $320M | 12.13 | 0.92 | 7.1% | - |
| Timberland Bancorp, Inc. | TSBK | $320M | 10.54 | 1.19 | 11.1% | - |
| Norwood Financial Corp. | NWFL | $317M |
| 10.68 |
| 1.11 |
| 11.5% |
| - |
| Citizens Financial Services, Inc. | CZFS | $312M | 7.92 | 0.92 | 10.8% | - |
| FS Bancorp, Inc. | FSBW | $311M | 9.65 | 0.98 | 10.8% | - |
| Blue Ridge Bankshares, Inc. | BRBS | $308M | 31.18 | 1.07 | 3.3% | - |
| John Marshall Bancorp, Inc. | JMSB | $297M | 14.01 | 1.11 | 8.0% | - |
| Peer Median | - | 10.61 | 1.09 | 10.8% | - | |