CoastalSouth net income climbs 23.1% to $7.33 million in Q2 FY26 - COSO News | RalliesCoastalSouth net income climbs 23.1% to $7.33 million in Q2 FY26
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COSO• Quarterly results and balance-sheet trends
- Coastalsouth Bancshares posted net income of $7.33 million, up about 23.01%, for the quarter ended June 30, 2026.
- Net interest income climbed 14.3% to $20.67 million; net interest margin widened 0.2 percentage points to 3.66%.
- Noninterest expense rose 10.6% to $13.37 million, driven by higher salaries and employee benefits.
- Total assets increased 5% from Dec. 31, 2025 to $2.42 billion; total deposits rose 3% to $2.05 billion.
- Loans held for investment grew 5.4% to $1.71 billion; allowance for credit losses rose to $19.82 million from Dec. 31, 2025.
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