CoastalSouth Bancshares, Inc.
CoastalSouth Bancshares, Inc. (COSO) Financial Performance & Income Statement Overview
Review CoastalSouth Bancshares, Inc. (COSO) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
CoastalSouth Bancshares, Inc. (COSO) Income Statement & Financial Overview
Review CoastalSouth Bancshares, Inc. COSO income statement with detailed quarterly and annual figures.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $16.99M | $19.64M | $18.12M | $27.39M |
| Cost of Revenue | $0.00 | -$1.31M | -$14.64M | $0.00 |
| Gross Profit | $16.99M | $20.95M | $32.76M | $27.39M |
| Gross Profit Ratio | $1.00 | $1.07 | $1.81 | $1.00 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $8.78M | $7.22M | $9.25M | $6.05M |
| Operating Expenses | $8.78M | $19.64M | $9.25M | $3.46M |
| Total Costs & Expenses | $8.78M | $19.64M | $25.30M | $24.42M |
| Interest Income | $0.00 | $32.55M | $31.17M | $29.39M |
| Interest Expense | $0.00 | $15.59M | $14.47M | $14.003M |
| Depreciation & Amortization | $0.00 | $0.00 | $0.00 | $43276.00 |
| EBITDA | $6.65M | $0.00 | $0.00 | $43276.00 |
| EBITDA Ratio | $0.39 | $0.00 | $0.00 | $0.002 |
| Operating Income | $8.21M | -$51.42M | $8.86M | $23.93M |
| Operating Income Ratio | $0.48 | -$2.62 | $0.49 | $0.87 |
| Other Income/Expenses (Net) | -$1.56M | $61.54M | -$1.40M | $0.00 |
| Income Before Tax | $6.65M | $10.12M | $7.46M | $2.98M |
| Income Before Tax Ratio | $0.39 | $0.52 | $0.41 | $0.11 |
| Income Tax Expense | $950000.00 | $2.24M | $1.58M | $548000.00 |
| Net Income | $5.70M | $7.88M | $5.89M | $2.43M |
| Net Income Ratio | $0.34 | $0.40 | $0.32 | $0.09 |
| EPS | $0.54 | $0.77 | $0.57 | $0.24 |
| Diluted EPS | $0.54 | $0.75 | $0.56 | $0.24 |
| Weighted Avg Shares Outstanding | $10.57M | $10.25M | $10.25M | $10.04M |
| Weighted Avg Shares Outstanding (Diluted) | $10.62M | $10.54M | $10.45M | $10.22M |
Over the last four quarters, CoastalSouth Bancshares, Inc.'s revenue moved from $27.39M in Q1 2024 to $16.99M in Q4 2024. Operating income in Q4 2024 was $8.21M, with a strong operating margin of 48%. Despite fluctuations in R&D and SG&A expenses, EBITDA for CoastalSouth Bancshares, Inc. remained robust at $6.65M, reflecting operational efficiency. Net income dropped to $5.70M, with an EPS of $0.54. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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