CoastalSouth Bancshares Declares $0.05 Quarterly Dividend
CoastalSouth Bancshares, Inc. (NYSE: COSO), a bank holding company, announced a $0.05 per share quarterly cash dividend. The board approved the dividend on April 17, 2026.
CoastalSouth Bancshares, Inc. (NYSE: COSO), the holding company for Coastal States Bank, declared a quarterly cash dividend of $0.05 per share. The board of directors approved the dividend on April 17, 2026. Read more dividend announcements.
Shareholders of record as of May 14, 2026 will receive the payment on May 28, 2026. The dividend will be paid in cash to all shareholders holding outstanding shares at the close of business on the record date.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.05 |
| Record Date | May 14, 2026 |
| Payment Date | May 28, 2026 |
| Declaration Date | April 17, 2026 |
First Quarter Financial Performance
The Atlanta-based company reported net income of $6.3 million, or $0.51 per diluted share, for the first quarter of 2026. That compared to $7.1 million, or $0.58 per diluted share, in the fourth quarter of 2025, and $5.1 million, or $0.47 per diluted share, in the first quarter of 2025.
CoastalSouth posted a return on average assets of 1.10% and a return on average equity of 9.71% for the quarter. The net interest margin stood at 3.59%, down 1 basis point from the prior quarter.
Total deposits increased $69.5 million during the quarter, driven by $117.9 million in core deposit growth. Brokered certificates of deposit decreased $48.4 million. The company originated $166.7 million in loans held for investment, resulting in loan portfolio growth of $9.9 million, or 2.5% annualized.
President and CEO Stephen R. Stone said the company started 2026 with strong core deposit growth across all markets, allowing the bank to reduce alternative funding sources and provide liquidity for continued loan growth. Book value per share increased $0.28 during the quarter.