CoastalSouth Bancshares第二季淨收入增23%至733萬美元 每股盈利0.59美元

10-Q
 
 
 
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

  
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
FORM 10-Q
 
(Mark One)

 
 
 
 
 

 
 ☒

 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 For the quarterly period ended June 30, 2026
OR

 
 
 
 
 

 
 ☐

 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 For the transition period from _______ to _______
Commission File Number: 001-42730
 
COASTALSOUTH BANCSHARES, INC.
(Exact Name of Registrant as Specified in its Charter)
 
 

 
 
 
 
 

 
 Georgia

 57-1184730

 

 
 (State or other jurisdiction of
incorporation or organization)

 (I.R.S. Employer
Identification No.)

 

 
 400 Galleria Parkway, Suite 1900
Atlanta, GA

 30339

 

 
 (Address of principal executive offices)

 (Zip Code)

 

 Registrant’s telephone number, including area code: (678) 396-4605
 
Securities registered pursuant to Section 12(b) of the Act: 
 

 
 
 
 
 
 
 
 

 
 Title of each class

  

 Trading
Symbol(s)

  

 Name of each exchange on which registered

 

 
 Common Stock, par value $1.00 per share

  

 COSO

  

 New York Stock Exchange

 

 Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
 

 
 
 
 
 
 
 
 
 
 

 
 Large accelerated filer

 

 ☐

 

 Accelerated filer

 

 ☐

 

 
 Non-accelerated filer

 

 ☒

 

 Smaller reporting company

 

 ☒

 

 
 Emerging growth company

  

 ☒

  

  

  

  

 

  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of August 5, 2026, the registrant had 11,954,446 shares of common stock, $1.00 par value per share, outstanding.
 
 

 

 
  

 Table of Contents
 

 
 
 
 
 
 

 
  

  

 Page

 

 
  

  

  

 

 
 PART I.

 FINANCIAL INFORMATION

 

 

 
  

  

  

 

 
 Item 1.

 Financial Statements (Unaudited)

 1

 

 
  

 Consolidated Balance Sheets as of June 30, 2026 (unaudited) and December 31, 2025

 1

 

 
  

 Consolidated Statements of Income (unaudited) for the Three and Six Months Ended June 30, 2026 and 2025

 2

 

 
  

 Consolidated Statements of Comprehensive Income (unaudited) for the Three and Six Months Ended June 30, 2026 and 2025 

 3

 

 
  

 Consolidated Statements of Shareholders' Equity (unaudited) for the Three and Six Months Ended June 30, 2026 and 2025

 4

 

 
  

 Consolidated Statements of Cash Flows (unaudited) for the Six Months Ended June 30, 2026 and 2025

 6

 

 
  

 Notes to Consolidated Financial Statements (unaudited)

 7

 

 
 Item 2.

 Management’s Discussion and Analysis of Financial Condition and Results of Operations

 33

 

 
 Item 3.

 Quantitative and Qualitative Disclosures About Market Risk

 61

 

 
 Item 4.

 Controls and Procedures

 62

 

 
  

  

  

 

 
 PART II.

 OTHER INFORMATION

 62 

 

 
  

  

  

 

 
 Item 1.

 Legal Proceedings

 62

 

 
 Item 1A.

 Risk Factors

 62

 

 
 Item 2.

 Unregistered Sales of Equity Securities and Use of Proceeds

 63

 

 
 Item 3.

 Defaults Upon Senior Securities

 63

 

 
 Item 4.

 Mine Safety Disclosures

 63

 

 
 Item 5.

 Other Information

 63

 

 
 Item 6.

 Exhibits

 64

 

 
 Signatures

 65

 

  
 

 i

 
 PART I—FINANCIAL