NEW YORK, Aug. 6, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Coastal Financial Corporation (“Coastal Financial” or the “Company”) (NASDAQ: CCB). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Coastal Financial and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On July 30, 2026, Coastal Financial reported its financial results for the second quarter of 2026. Among other items, Coastal Financial reported a GAAP net loss of $42.1 million, or $2.76 per diluted share, which the Company’s CEO Eric Sprink said “was driven almost entirely by $68.8 million in pre-tax accounting adjustments associated with a defined CCBX portfolio company and its consumer loan portfolio.”
On this news, Coastal Financial’s stock price fell $30.75 per share, or 43.52%, to close at $39.91 per share on July 30, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP
