Filing Flows › CoastalSouth Bancshares (COSO) › Q1 2026
CoastalSouth Bancshares (COSO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
CoastalSouth Bancshares (COSO) reported revenue of $21.7M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -2% from the quarter before. Operating margin was 38.2%, net earnings $6.3M (29.2% of revenue).
CoastalSouth Bancshares, Q1 2026: revenue $21.7M (+16% year over year), operating margin 38.2%, net earnings $6.3M, operating cash flow −$20.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.7M | -2% | +16% |
| Operating profit | $8.3M | -5% | +26% |
| Net earnings | $6.3M | -11% | +25% |
| Operating cash flow | −$20.6M | -124% | — |
What changed
Revenue was $21.7M in Q1 2026, up 16% year over year and down 2% from the previous quarter.
Operating profit was $8.3M, a 38.2% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 35% margin then. Total costs grew 11% against revenue growth of 16%. The fastest-growing cost line was Noninterest expense (+14%). Net earnings were $6.3M, up 25% year over year. The effective tax rate was 23.6%.
Operating cash flow was −$20.6M. Non-cash charges added back $406K of depreciation and amortization and $318K of share-based compensation. Working capital and other items used $27.7M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$21.7M.
Questions
What was CoastalSouth Bancshares' revenue in the first quarter 2026?
CoastalSouth Bancshares (COSO) reported revenue of $21.7M for the first quarter 2026 (Q1 2026), +16% from a year earlier and -2% from the quarter before.
Was CoastalSouth Bancshares profitable in the first quarter 2026?
Operating profit was $8.3M (38.2% of revenue) and net earnings $6.3M.