Investors in Coastal Financial urged to seek legal advice following steep stock decline

NEW YORK, Sept. 1, 2026, Investors in Coastal Financial Corp. (NASDAQ: CCB) are being urged to seek legal advice following a significant drop in the company's stock price, which saw a 43.5% decline on July 30, 2026. The steep decline comes in the wake of a securities fraud investigation initiated by the law firm BFA Law.

BFA Law, a leading securities law firm, announced its investigation into Coastal Financial, focusing on potential misrepresentations regarding the financial performance and credit quality of the company's banking as a service segment, including its CCBX partner relationships. The firm is particularly examining statements made by Coastal Financial concerning these aspects of its business.

The stock decline was triggered by Coastal Financial's second-quarter 2026 financial results, which revealed a net loss of $42.1 million, or $(2.76) per diluted common share, compared to net income of $12 million, or $0.78 per diluted common share, in the same period the previous year. The net loss was attributed to a $68.8 million credit expense related to an unnamed CCBX partner relationship.

Coastal Financial, based in Everett, Washington, provides banking as a service to digital financial service providers, companies, and brands that want to offer financial services to their customers through the bank's CCBX segment. The abrupt drop in the company's stock price reflects investor concerns over the accuracy of the financial disclosures and the potential for securities fraud.

Investors who purchased Coastal Financial securities are advised to contact BFA Law to discuss their legal rights. The law firm is offering a free, no-obligation consultation to those interested in exploring their options.

"We are investigating Coastal Financial for potential securities fraud related to its financial statements and disclosures," said BFA Law spokesperson David Bleichmar. "Investors should be aware of the significant risk and take appropriate legal action."

BFA Law's investigation is part of a broader effort to ensure transparency and accountability in the financial sector. The firm has a track record of representing plaintiffs in securities class actions and shareholder litigation. Notably, BFA has recovered over $900 million in value from Tesla, Inc.'s Board of Directors and $420 million from Teva Pharmaceutical Industries Ltd.

For those who wish to learn more about their legal rights, BFA Law provides detailed information on its website, including a link to a case-specific page where potential plaintiffs can submit their information.

Investors are encouraged to act quickly as the legal process can be time-sensitive.

BFA Law, known for its commitment to client satisfaction, is recognized as a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS. Its attorneys have been honored as "Elite Trial Lawyers" by the National Law Journal and "Litigation Stars" by Benchmark Litigation, among other accolades., -

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