Coastal Financial returns to profit in Q3, net income $13.8M

Coastal Financial reported Q3 net income of $13.8M, or $0.89/share, vs a net loss of $42.1M in Q2. BaaS fee income grew 17.6% QoQ. Partner credit performance stabilized after Q2 charge. Bluevine acquisition by Valley expected to close Q2 2027, relationship to terminate.