GlobeNewsWire
18 Aug 2026, 21:50 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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3 claims · each scored for market impact
Coastal Financial Corporation reported a GAAP net loss of $42.1 million ($2.76 per diluted share) for Q2 2026. — A significant quarterly net loss directly impairs earnings expectations and fundamental valuation.
-0.80Coastal Financial's loss was primarily driven by $68.8 million in pre-tax accounting adjustments related to a CCBX portfolio company and its consumer loan portfolio. — Indicates specific credit quality issues or valuation write-downs within the company's investment portfolio.
-0.60Pomerantz LLP is investigating Coastal Financial for potential securities fraud or other unlawful business practices. — Legal investigations into securities fraud introduce significant regulatory risk and potential for costly litigation settlements.
-0.50Which stocks this story touches
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The company reported a significant GAAP net loss, experienced a 43% stock price crash, and is now under investigation for potential securities fraud.
The company is being investigated by a law firm for potential claims on behalf of investors.
The company is being investigated by a law firm for potential claims on behalf of investors.
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GlobeNewsWire
1h ago
