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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% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 63.30 | 71.66 | 68.93 | 80.97 |
| Operating Revenue | - | 63.30 | 71.66 | 68.93 | 80.97 |
| Selling General And Administration | - | 25.32 | 26.51 | 28.36 | 31.24 |
| Interest Income | - | 66.58 | 107.02 | 123.65 | 127.71 |
| Interest Expense | - | 9.62 | 42.72 | 58.33 | 53.82 |
| Net Interest Income | - | 56.96 | 64.29 | 65.32 | 73.89 |
| Pretax Income | - | 23.83 | 31.50 | 27.22 | 31.14 |
| Tax Provision | - | 5.64 | 7.02 | 5.31 | 6.24 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 18.19 | 24.48 | 21.90 | 24.89 |
| Net Income From Continuing And Discontinued Operation | - | 18.19 | 24.48 | 21.90 | 24.89 |
| Net Income From Continuing Operation Net Minority Interest | - | 18.19 | 24.48 | 21.90 | 24.89 |
| Net Income | - | 18.19 | 24.48 | 21.90 | 24.89 |
| Net Income Common Stockholders | - | 18.19 | 24.48 | 21.90 | 24.89 |
| Net Income Including Noncontrolling Interests | - | 18.19 | 24.48 | 21.90 | 24.89 |
| Normalized Income | - | 18.19 | 24.48 | 21.90 | 24.89 |
| Diluted NI Availto Com Stockholders | - | 18.19 | 24.48 | 21.90 | 24.89 |
| Basic Average Shares | - | 8.71 | 9.38 | 10.20 | 11.13 |
| Diluted Average Shares | - | 8.85 | 9.50 | 10.47 | 11.52 |
| Reconciled Depreciation | - | 2.44 | 2.83 | 2.65 | 2.86 |
| Total Unusual Items | 1.25 | -0.09 | - | - | - |
| Total Unusual Items Excluding Goodwill | 1.25 | -0.09 | - | - | - |
| Special Income Charges | 1.64 | -0.48 | - | - | - |
| Restructuring And Mergern Acquisition | -1.64 | 0.48 | - | - | - |
| Gain On Sale Of Security | - | 0 | 0.48 | -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 |
| 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 |
| Selling And Marketing Expense | - | 0.83 | 0.74 | 0.86 | 0.97 |
| Amortization | - | 0.33 | 0.29 | 0.29 | 0.29 |
| Amortization Of Intangibles Income Statement | - | 0.33 | 0.29 | 0.29 | 0.29 |
| 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 | $314M | 12.63↑ premium | 1.21 | 9.6% | - |
| Norwood Financial Corp. | NWFL | $329M | 11.86 | 1.36 | 11.5% | - |
| LINKBANCORP, Inc. | LNKB | $326M | 9.72 | 1.06 | 10.9% | - |
| Timberland Bancorp, Inc. | TSBK | $323M | 11.08 | 1.23 | 11.1% | - |
| American Integrity Insurance Group, Inc. | AII |
| - |
| - |
| - |
| - |
| - |
| - |
| $321M |
| 3.22 |
| 0.95 |
| 29.6% |
| - |
| Onity Group Inc. | ONIT | $312M | 1.65 | 0.50 | 30.2% | 64.46 |
| Citizens Financial Services, Inc. | CZFS | $308M | 8.43 | 0.91 | 10.8% | - |
| Value Line, Inc. | VALU | $305M | 14.75 | 3.06 | 20.8% | 37.84 |
| NI Holdings, Inc. | NODK | $299M | - | 1.24 | -4.3% | - |
| Peer Median | - | 9.72 | 1.15 | 11.3% | 51.15 | |