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Law firm investigates Coastal Financial after $42.1M Q2 loss and 43% stock plunge

Market News
04 Aug 2026
GlobeNewsWire
View Source
Bearish
Law firm investigates Coastal Financial after $42.1M Q2 loss and 43% stock plunge

Bragar Eagel & Squire, P.C. is investigating Coastal Financial Corporation following its Q2 2026 report showing a $42.1 million net loss, largely due to a $68.8 million credit expense tied to a partner relationship. Coastal's shares dropped nearly 43% after the announcement, causing investor losses. The law firm is exploring potential securities law violations and encourages affected investors to contact them for legal options. This investigation could lead to legal action if wrongdoing is found.

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