CoastalSouth Bancshares (COSO) Q4 2025 earnings summary

Executive summary

• Achieved record annual net income of $24.9 million and pre-tax pre-provision net revenue (PPNR) of $34.3 million, up 23.6% year-over-year.

• Total assets reached $2.31 billion and total loans at $1.79 billion as of Q4 2025.

• Strategic expansion into Charleston, SC, leveraging a branch-light model and experienced local bankers.

• Joined NYSE in July 2025 with a $50.3 million IPO, supporting further expansion.

• Fourth quarter net income was $7.1 million ($0.58 per diluted share), up from $6.7 million in Q3 and $5.7 million in Q4 2024.

Financial highlights

• Q4 2025 diluted EPS was $0.58, up from $0.54 in Q3 2025 and $0.47 in Q4 2024.

• Net interest margin improved to 3.60% in Q4 2025, with net interest income rising $0.7 million sequentially to $19.9 million.

• Efficiency ratio improved to 55.3% in Q4 2025, down 35 bps from Q3 2025.

• Book value per share increased to $21.66, up 14.23% annualized from Q3.

• Total deposits grew 8.3% year-over-year to $1.99 billion.

Outlook and guidance

• Targeting $100 million in loan and deposit growth in Charleston, SC, over three years.

• Management expects continued loan and deposit growth, supported by the Charleston market expansion.

• Regulatory capital ratios remain strong, supporting additional balance sheet expansion.

• Forward-looking statements caution about economic, regulatory, and market uncertainties.