CoastalSouth Bancshares Reports Higher Q3 2026 Earnings as Net Income Reaches $8.8 Million

CoastalSouth Bancshares, Inc. (COSO) reported net income of $8.8 million, or $0.71 per diluted share, for the third quarter of 2026. This reflects a gain from $0.59 per share in the second quarter of 2026 and $0.54 per share in the third quarter of 2025. In addition, the company declared a quarterly dividend of $0.06 per share, payable on November 24, 2026, to shareholders of record as of November 10, 2026.

The quarter was supported by an expansion in net interest margin to 3.70%, up 4 basis points from the previous quarter, which helped lift net interest income by 4% to $21.5 million. Noninterest income jumped 51% sequentially to $3.3 million, spurred by gains on the sale of government-guaranteed loans. Growth in core banking operations was further boosted by an $81.6 million increase in loans held for investment, representing an annualized growth rate of 19%, as well as a $0.43 million recovery for credit losses.

Investors will be watching whether CoastalSouth Bancshares can maintain its expanded margin and credit stability in coming quarters, as fee income from loan sales may fluctuate and rapid loan expansion adds credit exposure.