CoastalSouth Bancshares, Inc. (COSO) Q3 FY2026 earnings

Reported results

• Net income of $8.8 million or $0.71 per diluted share (GAAP) for Q3 2026, compared to $7.3 million or $0.59 per diluted share for Q2 2026
• Return on average assets (ROAA) of 1.45% (GAAP) and return on average tangible common equity (ROATCE) of 13.12% (non-GAAP) for Q3 2026
• Net interest margin of 3.70% for Q3 2026, an increase of 4 basis points from Q2 2026
• Loans held-for-investment production of $248.2 million during Q3 2026, resulting in LHFI growth of $81.6 million, up 19.0% annualized
• Total deposits increased $53.1 million to $2.1 billion; core deposits (non-GAAP) decreased approximately $20.0 million quarter over quarter
• Nonperforming assets to total assets of 0.62%; adjusted nonperforming assets to total assets (non-GAAP) of 0.45%

Notes

The company recorded a recovery for credit losses of $429 thousand in Q3 2026 (vs. a provision of $658 thousand in Q2 2026). A share repurchase program was launched May 1, 2026; 285,715 shares were repurchased during Q3 2026. The effective tax rate for Q3 2026 was 24.2%, which included a discrete write-down of deferred tax asset related to state taxes of approximately $641 thousand; excluding discrete items, the effective tax rate was 20.05%.

Price and volatility reaction

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-19 (8-K, Item 2.02). Read the original filing on sec.gov.