Securities Fraud Investigation Into Coastal Financial Corporation (CCB) Continues – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

The Law Offices of Frank R. Cruz continues its 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.

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.