The Law Offices of Frank R. Cruz announces an investigation of Coastal Financial Corporation (“Coastal”  or the “Company”) (NASDAQ: CCB) on behalf of investors concerning the Company’s possible violations of federal securities laws.

What Is The Investigation About?
On July 30, 2026, Coastal announced second quarter 2026 financial results, including a net loss of $42.1 million, or $(2.76) per diluted common share for the quarter, compared to net income of $12.0 million, or $0.78 per diluted common share in the prior quarter. The Company stated the “net loss is primarily attributable to a $68.8 million credit expense related to a single, isolated CCBX partner relationship.”

On this news, shares of the Coastal fell as much as $30.30 or 42.88%, per share during intraday trading on July 30, 2026, thereby injuring investors.