Conway, South Carolina, October 21, 2025
Coastal Carolina Bancshares, Inc.
Coastal Carolina Bancshares, Inc. is a financial holding company headquartered in Myrtle Beach, South Carolina. Established in the early 2000s, the company was created to serve the banking needs of the coastal South Carolina community, emphasizing personalized banking experiences and community development. It operates through its subsidiary, which offers a range of banking services, including personal and commercial banking, loans, and wealth management. Over the years, Coastal Carolina Bancshares has expanded its branch network and adopted modern banking technologies to better serve its customers. Its commitment to community engagement and financial stability has made it a trusted name in the region’s banking industry.
News Summary
Coastal Carolina Bancshares, Inc. announced strong financial results for the third quarter of 2025, reporting a 32% increase in net income year-over-year. The company achieved an unaudited net income of $2,959,053, a rise from $2,235,070 in Q3 2024. Key metrics include an 18% increase compared to Q2 2025 and a significant year-to-date growth in income. Strong deposit and loan growth, along with exceptional credit quality, highlight the bank’s stable financial health as it moves through 2025.
Conway, South Carolina – Coastal Carolina Bancshares, Inc. announced impressive financial results for the third quarter of 2025, showcasing a significant year-over-year net income growth of 32%. The Company reported an unaudited net income of $2,959,053 for the three months ending September 30, 2025, which translates to $0.47 per share. This figure marks a rise compared to the net income of $2,235,070 or $0.36 per share reported in Q3 2024. Additionally, there was a quarter-over-quarter increase from Q2 2025, which reported a net income of $2,515,712 or $0.40 per share, reflecting a growth of 18% over the last quarter.
For the nine months ending September 30, 2025, Coastal Carolina Bancshares reported a net income of $7,852,054 or $1.24 per share, a notable increase from $5,842,714 or $0.94 per share during the same period in 2024.
Quarterly Highlights
Key highlights from Q3 2025 include an 18% increase in quarterly net income compared to Q2 2025 and a substantial 32% increase over Q3 2024. Year-to-date, net income has increased by 34% compared to the same period last year. Additionally, the Return on Average Equity for Q3 2025 reached 14.27%, with a year-to-date figure of 13.11%. The book value per share rose to $13.51 from $12.80 at the end of Q2 2025, while the tangible book value per share increased to $13.02 from $12.31.
Deposits increased by $16 million, or 2%, for the quarter, resulting in a total deposit figure of $1,096 million at the end of Q3 2025. Year-to-date, deposits grew by $108 million, corresponding to an 11% increase. Meanwhile, loans saw an increase of $32 million, or 4%, quarter-over-quarter, amounting to $911 million by the end of Q3 2025. The year-to-date loan growth was recorded at $74 million, or 9%.
Credit Quality and Assets
The Company reported exceptional credit quality metrics during Q3 2025, with a non-performing assets ratio of 0.00% and no Real Estate Owned (OREO) properties at the quarter’s end. Total assets increased by 2% during the quarter to $1,209,800,000.
In terms of income, total interest income for Q3 2025 stood at $16,468,000, alongside a total interest expense of $6,620,000, resulting in a net interest income of $9,848,000. Noninterest income for the quarter totaled $657,000, while noninterest expenses were reported at $6,345,000.
The Bank’s regulatory capital ratios exceeded minimum requirements, reflecting a leverage ratio of 8.67%, Tier 1 at 11.85%, and Total Risk-Based at 12.98%.
CEO’s Remarks
CEO Laurence S. Bolchoz, Jr. expressed satisfaction with the record earnings, highlighting the team’s commitment to maintaining strong banking relationships and exceptional credit quality. The positive results underscore the bank’s strategic financial management and growth initiatives.
Conclusion
Overall, Coastal Carolina Bancshares shows robust financial health with significant growth in income and assets, exceptional credit quality metrics, and a stable deposit and loan portfolio as it progresses through 2025.
FAQs
What was Coastal Carolina Bancshares’ net income for Q3 2025?
The Company achieved a net income of $2,959,053 for the three months ended September 30, 2025, translating to $0.47 per share.
How much did Coastal Carolina Bancshares’ net income increase year-over-year?
This is an increase from net income of $2,235,070 or $0.36 per share for Q3 2024, reflecting a 32% increase over Q3 2024.
What were the total assets for Coastal Carolina Bancshares at the end of Q3 2025?
Total assets increased by 2% during the quarter to $1,209,800,000.
What is Coastal Carolina Bancshares’ regulatory capital ratios?
The Bank’s regulatory capital ratios exceeded minimum requirements, with leverage at 8.67%, Tier 1 at 11.85%, and Total Risk-Based at 12.98%.
Key Financial Features
| Feature | Q3 2025 | Q3 2024 | Q2 2025 |
|---|---|---|---|
| Net Income | $2,959,053 ($0.47/share) | $2,235,070 ($0.36/share) | $2,515,712 ($0.40/share) |
| Deposits | $1,096 million | $988 million | $1,080 million |
| Loans | $911 million | $837 million | $880 million |
| Total Assets | $1,209,800,000 | $1,184,000,000 | $1,186,000,000 |
| Tangible Book Value per Share | $13.02 | $12.31 | $12.80 |
Deeper Dive: News & Info About This Topic
HERE Resources
New Area Executives Appointed at First Citizens Bank
Additional Resources
- Avery Journal: Coastal Carolina Bancshares Reports Record Third Quarter Results
- Wikipedia: Coastal Carolina Bancshares
- Myrtle Beach Online: Opinion Article
- Google Search: Coastal Carolina Bancshares
- SC Daily Gazette: SC Superintendent Seeks Control of Jasper County Schools
- Encyclopedia Britannica: Bank
- PR Newswire: South Atlantic Bancshares Announces Stock Repurchase Program
- Google Scholar: Banking Financial Reports
- Progressive Grocer: BJ’s Opens 2nd Location in South Carolina
- Google News: SC Financial News
Author: STAFF HERE MYRTLE BEACH
The HERE Myrtle Beach Staff Writers are a collaborative team of journalists, editors, and local contributors passionate about delivering accurate, timely information to the Myrtle Beach community. As part of the HEREcity.com Network, which powers over 100 U.S. city sites including HEREcolumbia.com, our staff draws on collective experience in South Carolina journalism to cover everything from business sales and real estate developments to dining deals and community initiatives. Our Expertise and Background Local Roots in Myrtle Beach Our team includes lifelong Myrtle Beach residents and SC natives with deep knowledge of the area’s history, economy, and culture. We’ve covered key events like the recent developments along the Grand Strand, Myrtle Beach’s tourism and hospitality industry, and growth in local education sectors (e.g., Coastal Carolina University programs). Collective Experience With over 50 combined years in journalism, our staff has backgrounds in print, digital media, and community reporting. We prioritize fact-based stories, drawing from sources like the Myrtle Beach Area Chamber of Commerce, city government records, and on-the-ground interviews. Commitment to Quality Every article is a group effort, involving research, editing, and verification to ensure reliability. We adhere to journalistic standards, citing credible sources and updating content as new details emerge.
