Coastal Financial (Coastal Financial) Total Assets

: $3,753.4 Mil (As of Dec. 2023)

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Coastal Financial's Total Assets for the quarter that ended in Dec. 2023 was $3,753.4 Mil.

During the past 12 months, Coastal Financial's average Total Assets Growth Rate was 17.20% per year. During the past 3 years, the average Total Assets Growth Rate was 26.10% per year. During the past 5 years, the average Total Assets Growth Rate was 33.60% per year.

During the past 8 years, Coastal Financial's highest 3-Year average Total Assets Growth Rate was 40.60%. The lowest was 16.20%. And the median was 31.30%.

Total Assets is connected with ROA %. Coastal Financial's annualized ROA % for the quarter that ended in Dec. 2023 was 0.97%. Total Assets is also linked to Revenue through Asset Turnover. Coastal Financial's Asset Turnover for the quarter that ended in Dec. 2023 was 0.03.

Coastal Financial Total Assets Historical Data

The historical data trend for Coastal Financial's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Coastal Financial Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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1,128.53

1,766.12

2,635.52

3,144.47

3,753.37

Coastal Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															3,144.47	3,451.03	3,535.28	3,678.27	3,753.37

Coastal Financial Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Coastal Financial's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	294.978	+	3458.388
	=	3,753.4

Coastal Financial's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	294.978	+	3458.388
	=	3,753.4

Coastal Financial (NAS:CCB) Total Assets Explanation

Total Assets is connected with ROA %.

Coastal Financial's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	36.048	/	( (3678.265	+	3753.366)	/ 2 )
	=	36.048	/	3715.8155
	=	0.97 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Coastal Financial's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	99.262	/	( (3678.265	+	3753.366)	/ 2 )
=	99.262	/	3715.8155
=	0.03

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Coastal Financial Total Assets Related Terms

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Coastal Financial (Coastal Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Coastal Financial Corp (NAS:CCB) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

1VD:Germany

Address

5415 Evergreen Way, Everett, WA, USA, 98203

Website

https://www.coastalbank.com

Coastal Financial Corp is a financial service provider. The company is engaged in providing banking products and services to consumers and small to medium sized businesses. The operating segment of the company is community banking. The services provided by the company include online banking and pay, mobile banking, securlock equip, and loans and deposit.

Executives

Eric M Sprink	director, officer: President & CEO	5415 EVERGREEN WAY, EVERETT WA 98203
Steven D Hovde	director	1110 LAKE COOK ROAD, SUITE 165, BUFFALO GROVE IL 60089
Andrew P Skotdal	director	5415 EVERGREEN WAY, EVERETT WA 98203
John J Dickson	officer: Chief Operations Officer	C/O COASTAL FINANCIAL CORP, 5415 EVERGREEN WAY, EVERETT WA 98203
Russ A Keithley	officer: Chief Lending Officer	5415 EVERGREEN WAY, EVERETT WA 98203
Curt Queyrouze	officer: President	5415 EVERGREEN WAY, EVERETT WA 98203
Thomas D Lane	director	5415 EVERGREEN WAY, EVERETT WA 98203
Michael Robert Patterson	director	5415 EVERGREEN WAY, EVERETT WA 98203
Andrew R Dale	director	5415 EVERGREEN WAY, EVERETT WA 98203
Pamela Unger	director	5415 EVERGREEN WAY, EVERETT WA 98203
Rilla S Delorier	director	5415 EVERGREEN WAY, EVERETT WA 98203
Daniel J Lee	officer: EVP & Chief Credit & Risk Off.	5415 EVERGREEN WAY, EVERETT WA 98203
Sadhana Akella-mishra	director	5415 EVERGREEN WAY, EVERETT WA 98203
Haugen John M Jr	director	5415 EVERGREEN WAY, EVERETT VA 98203
Stephan Klee	director	5415 EVERGREEN WAY, EVERETT WA 98203