New York, October 15th / PRNewswire / —— It has been reported that a class action lawsuit has been filed against Coastal Financial Corporation (“Coastal” or “the Company”) ( NASDAQ : CCB ). Affected investors may contact Danielle Peyton at the email address [ email protected ], phone number 646-581-9980, or free phone number 888.4- POMLAW, extension 7980For those consulting via email, it is recommended to attach your mailing address, phone number, and the quantity of stocks purchased.

The class action involves whether Coastal and some of its senior executives and/or directors have engaged in securities fraud or other illegal business practices.

If you purchased or acquired Coastal securities during the class action period, you may December 1, 2026The previous request was to the court to appoint you as the lead plaintiff in this class action. A copy of the indictment can be obtained at www.pomerantzlaw.com Obtain.

[Click here to learn about joining the class action.]

On July 30, 2026, Coastal announced its financial results for the second quarter of 2026 and held a financial report conference call to provide investors with more information regarding its financial performance and key progress. Company executives acknowledged during the conference call that there were "significant and unusual items that required direct explanation" in this quarter. Coastal reported that its GAAP net loss unexpectedly reached $42.1 millionThe main reason is related to the partnership with a single CCBX. 68.8 million US dollarsCredit fees. These credit fees include those incurred for the relevant credit enhancement assets. 46 million US dollarsValuation adjustments, as well as those related to the compensation obligations of that partner $22.8 millionCredit loss provisions. Coastal also disclosed that the affected portfolios approximately included 500 million US dollarsThe underlying loans, as well as the related repayment exposures.

Affected by this news, the stock price of Coastal is July 30, 2026Fall $30.75, decline 43.5%, closed at $39.91Mandatory requirements:

Pomerantz LLP has offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, and is recognized as one of the leading law firms in the fields of corporate law, securities law, and class action litigation. The firm was founded by the late Abraham L Pomerantz, who is known as the "dean of the class action lawyers" and pioneered the field of securities class actions. More than 85 years later, Pomerantz continues the tradition established by its founder, fighting for the rights of victims of securities fraud, breach of fiduciary duty, and corporate misconduct. The firm has recovered millions of dollars in compensation on behalf of class members. For more details, please see www.pomlaw.comMandatory requirements:

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