1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Thesis
3. Valuation & Price Target
4. Business & Product Moat
5. People & Governance
6. Market & Macro
7. Financial Quality
8. Risk Register
9. Prediction Market
10. 𝕏 Posts
Discussion
1. Investment Snapshot
2. Valuation
Discussion
Symbol
COSO
Event Date
2025-07-02
Sector
Financials
Subsector
Banks
Offer Range
$21.50
Shares Offered
2.04M
11.99M
$245.3M
17.0%
Implied Upside vs Midpoint
Description
CoastalSouth Bancshares, Inc. is a bank holding company headquartered in Atlanta, Georgia. Through our wholly owned subsidiary, Coastal States Bank, a South Carolina state-chartered commercial bank, we offer a full range of banking products and services designed for businesses, real estate professionals, and consumers looking for a deep and meaningful relationship with their bank. Today, we have a community banking presence in some of the fastest growing and most business-friendly markets in the U.S., namely the Lowcountry of South Carolina (Hilton Head Island, Bluffton, and Beaufort), nearby Savannah, Georgia, and the Atlanta, Georgia market. --- In addition to our traditional community banking operations, we operate four specialty lines of business that provide scalability and diversification: • Senior Housing Lending - focuses on lending to operators across the spectrum of senior care, with an emphasis on assisted living; • Marine Lending - focuses on consumer loans primarily to high-net-worth borrowers secured by yachts and high-end sport fishing vessels; • Government Guaranteed Lending - focuses on origination of small business and other loans guaranteed by the SBA and USDA; and • Mortgage Banker Finance - focuses on mortgage warehouse lending to mortgage originators. By combining the relationship-based focus of a community bank with our specialty lines of business, we believe we can capitalize on the substantial growth opportunities available in our markets, particularly given the scarcity of community banks between $1.5 billion and $5.0 billion in total assets. --- Our principal executive offices are located at 400 Galleria Parkway, Suite 1900, Atlanta, Georgia 30339 and our telephone number at that address is (678) 396-4605. Our website address is www.coastalstatesbank.com.
CoastalSouth Bancshares, Inc. annual income statement and balance sheet, FY 2024 to FY 2025, as reported in SEC filings.
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Revenue | $1.9M | $2.0M |
| Net income | $21.9M | $24.9M |
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Total assets | $2.1B | $2.3B |
| Total liabilities | $1.9B | $2.0B |
| Total equity | $195M | $260M |
| Cash & equivalents | $68.0M | $79.8M |