Kaplan Fox Investigates Coastal Financial Corporation for Securities Violations

Kaplan Fox & Kilsheimer LLP has initiated an investigation into potential securities law violations against Coastal Financial Corporation (CCB), a company listed on the NASDAQ. The firm is seeking to identify any wrongdoing that may have affected investors.

On July 30, 2026, Coastal Financial Corporation reported its second-quarter 2026 financial results, revealing a significant net loss. The company reported a net loss of $42.1 million, or $(2.76) per diluted common share, compared to a net income of $12.0 million, or $0.78 per diluted common share, for the quarter ending March 31, 2026. The primary cause of the loss was attributed to a $68.8 million credit expense related to a single, isolated CCBX partner relationship.

Following the release of these financial results, Coastal Financial Corporation's stock price plummeted by 43.5%, falling $30.75 per share to close at $39.91 per share on the same day.

Founded in 1956, Kaplan Fox & Kilsheimer LLP has a track record of success in securities, antitrust, and consumer protection actions. The firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery for Bank of America shareholders and a $475 million settlement in In re Merrill Lynch.

The firm's expertise in representing public pension funds, institutional investors, businesses, and individuals in high-stakes litigation is well-established. Through its successful advocacy and precedent-setting victories, Kaplan Fox has significantly contributed to shaping important areas of securities and corporate law while protecting investor interests.

Investors who believe they may have a case against Coastal Financial Corporation are encouraged to contact the firm to explore their options. The investigation is ongoing, and any additional information or developments will be reported as they become available.