CoastalSouth Bancshares Q2 FY26 net income rises 15.86% to $7.3 million

Reuters2026/07/20 20:18

By:Reuters

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CoastalSouth Bancshares posted Q2 net income of $7.3 million, up 15.9% from Q1; diluted EPS rose to $0.59 from $0.51.
Net interest income climbed 4.7% from Q1 to $20.7 million as net interest margin widened 7 basis points to 3.66%.
Loans held for investment grew $78.1 million, or 19.3% annualized from Q1, on loan production of $181.6 million.
Provision for credit losses increased to $658,000 from $382,000; total deposits slipped $9.5 million from Q1 to $2.05 billion.
Board declared a quarterly dividend of $0.05 per share, payable Aug. 27 to holders of record Aug. 13.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Coastalsouth Bancshares Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260720802179) on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoastalSouth Bancshares Q2 FY26 net income rises 15.86% to $7.3 million

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