CoastalSouth Bancshares, Inc. COSO
CoastalSouth Bancshares, Inc. (the "Company"), is a bank holding company headquartered in Atlanta, Georgia. The Company was incorporated under the laws of the Commonwealth of Virginia on May 24, 2004, and converted to a corporation organized under the laws of the State of Georgia on May 12, 2023. We operate through our wholly-owned banking subsidiary, Coastal States Bank (the "Bank" or "CSB"), a South Carolina state-chartered commercial bank. We currently operate 11 retail banking branches in three primary markets, including the Lowcountry of South Carolina, Savannah, Georgia, and metro Atlanta, Georgia. CSB also operates four specialty lines of business, including Senior Housing, Marine Lending, Government Guaranteed Lending, and Mortgage Banker Finance ("MBF"). The deposits of CSB are insured by the FDIC. Coastal States Mortgage, Inc. ("CSM"), a wholly owned subsidiary of CSB, is a mortgage company focused on originating and single-family residential mortgages, some of which are retained in the portfolio. As of December 31, 2025, we had total assets of $2.31 billion, total loans held-for-investment ("LHFI") of $1.62 billion, total deposits of $1.99 billion and total shareholders' equity of $259.5 million. In this report on Form 10-K, the words "the Company," "we," "us," and "our" refer to CoastalSouth Bancshares, Inc., together with CSB and CSB's wholly owned subsidiaries, except where the context requires otherwise.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $2.0M | $1.9M | — |
| SG&A | $1.2M | $993.0K | — |
| Interest expense | $73.9M | $65.3M | — |
| Pre-tax income | $31.1M | $27.2M | — |
| Income tax | $6.2M | $5.3M | — |
| Net income | $24.9M | $21.9M | — |
| EPS, basic | 2.24 | 2.15 | — |
| EPS, diluted | 2.16 | 2.09 | — |
| Shares, diluted (wtd. avg.) | 11.5M | 10.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Cash and equivalents | $79.8M | $68.0M | $48.6M |
| Property, plant and equipment | $18.1M | $17.8M | — |
| Goodwill | $4.7M | $4.7M | $4.7M |
| Other intangibles | $1.6M | $1.7M | — |
| Total assets | $2.31B | $2.10B | — |
| Total liabilities | $2.05B | $1.90B | — |
| Retained earnings | $66.9M | $42.0M | — |
| Total equity | $259.5M | $195.2M | $156.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating cash flow | $63.1M | -$12.7M | — |
| Depreciation and amortisation | $1.5M | $1.3M | — |
| Capital expenditure | $1.8M | $1.4M | — |
| Investing cash flow | -$224.1M | -$17.3M | — |
| Financing cash flow | $172.8M | $49.4M | — |
| Buybacks | $69.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-104114.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | — | $1.9M | $2.0M |
| Gross profit | — | — | — |
| Net income | — | $21.9M | $24.9M |
Recent filings and events
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6022
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|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $98.57B | 19.6x | 7.8% |
| FITB | FIFTH THIRD BANCORP | $48.05B | 15.0x | -5.0% |
| STT | STATE STREET CORP | $46.10B | 17.9x | 7.3% |
| MTB | M&T BANK CORP | $32.01B | 13.0x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $30.72B | 19.2x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $27.44B | 16.9x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $27.41B | 14.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.97B | 13.8x | 2.4% |