Coastal Financial Acquires GreenFi Brand from Mission Financial Partners
Coastal Financial announced that it has acquired ownership of the GreenFi brand of climate-friendly consumer financial services products from Mission Financial Partners. As part of the transaction, Mission Financial Partners will continue to partner with Coastal to operate and market the GreenFi program through its existing technology platform. This structure is designed to maintain operational continuity while enabling Coastal to guide the brand over time. Mission Financial Partners will also continue to offer customers access to sustainable investment options through its Redwood Fund family of mutual fund products. Coastal will continue to serve as the banking partner for GreenFi's consumer financial services program and assume responsibility for governance, oversight, and long-term brand stewardship. The terms of the transaction were not disclosed.
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- Earnings Performance: Coastal Financial reported a GAAP EPS of $0.82 for Q4 2025, indicating stable profitability despite market fluctuations.
- Revenue Growth: The company generated $138 million in revenue for the fourth quarter, reflecting a healthy operational state and continued business resilience.
- Asset Increase: Total assets rose by $188.4 million, or 4.1%, to $4.74 billion as of December 31, 2025, primarily driven by increases in interest-earning deposits and loans, enhancing the company's financial stability.
- Liquidity Position: With $737 million in cash on hand and the capacity to borrow up to $642.2 million from the Federal Reserve and correspondent banks, the company demonstrates strong liquidity management capabilities to support future business expansion.
- Transaction Scale Analysis: Coastal Financial CEO Eric M Sprink sold 12,402 shares through multiple open-market transactions on January 21 and 22, 2026, valued at approximately $1.4 million, indicating a larger-than-typical sale compared to his historical median of 8,518 shares, reflecting a trend of reducing his holdings.
- Ownership Stake Change: This sale reduced Sprink's direct ownership by 7.23%, leaving him with 159,126 shares, a significant decline from over 430,000 shares in early 2023, illustrating his ongoing strategy of divesting shares over time.
- Market Performance Overview: Coastal Financial's stock has returned 24% over the past 12 months, with stellar average annualized returns of 38.7% and 27.8% over the past five and ten years, respectively, showcasing the company's strong performance in a competitive regional banking landscape.
- Acquisition and Strategic Development: On January 9, the company acquired the GreenFi brand, launching climate-friendly consumer financial services products, which enhances its market competitiveness in sustainable investing and aligns with its innovative banking-as-a-service platform strategy.
- Shareholder Meeting Announcement: Canada Carbon Inc. plans to convene its annual and special shareholder meeting on January 21, 2026, marking its first meeting since January 31, 2024, which underscores the company's commitment to shareholder engagement.
- Policy Compliance: The meeting aligns with Section 4.1 of Policy 3.2 of the TSX Venture Exchange, demonstrating the company's efforts in regulatory compliance aimed at enhancing investor confidence.
- Forward-Looking Information: The announcement includes forward-looking statements regarding future events and performance, highlighting the company's risk management capabilities in an uncertain environment.
- Risk Factors Disclosure: The press release outlines risk factors such as compliance, financial capabilities, and legal regulations, reminding investors to consider external factors that may impact the company's operations.
- Shareholder Meeting Announcement: Canada Carbon Inc. plans to convene its annual and special shareholder meeting on January 21, 2026, marking the first meeting since January 31, 2024, which underscores the company's commitment to shareholder engagement.
- Regulatory Compliance: The meeting aligns with Section 4.1 of Policy 3.2 of the TSX Venture Exchange, demonstrating the company's efforts to adhere to regulatory requirements, aimed at enhancing investor confidence.
- Forward-Looking Information: The announcement includes forward-looking statements regarding expectations for the upcoming shareholder meeting, reflecting the company's planning and confidence in future developments despite inherent uncertainties.
- Risk Factors Disclosure: The press release highlights risk factors such as compliance, financial capabilities, and the impact of domestic and foreign laws, cautioning investors to exercise prudence when assessing the company's future performance.
- Insider Selling: Coastal Financial CEO Eric Sprink sold 11,000 shares over two days at a weighted average price of approximately $116.69 per share, totaling $1.28 million, which reduced his direct holdings by 5.61%, indicating a cautious stance towards the market.
- Ownership Status: Post-sale, Sprink retains 182,884 shares in direct ownership with no change in indirect holdings, reflecting a continued strong economic interest in the company's long-term performance despite the sale.
- Financial Performance: Coastal Financial reported a net income of $13.5 million in Q3, up from $11 million in the previous quarter, with loans receivable increasing by $163.5 million and deposits growing by 1.5%, demonstrating robust growth in both traditional banking and Banking-as-a-Service (BaaS).
- Transaction Context: The sale was executed under a Rule 10b5-1 trading plan as per SEC Form 4, indicating that the transaction was pre-planned and does not detract from the company's long-term strategic focus on BaaS and margin management.
- Insider Trading Activity: Coastal Financial CEO Eric Sprink executed open-market sales of 11,000 shares totaling approximately $1.28 million on Tuesday and Wednesday, indicating ongoing confidence in the company's stock and market position.
- Ownership Proportion Change: This transaction reduced Sprink's direct holdings from 195,969 to 182,884 shares, with the proportion sold at 5.61% exceeding his recent median of 4.08%, reflecting a diminishing available share base.
- Market Performance Analysis: As of Wednesday, Coastal Financial shares closed at $117.79, marking a 47% increase over the past year, which underscores the company's strong market performance and growth potential.
- Financial Health Status: In the third quarter, Coastal reported a net income increase from $11 million to $13.5 million, with loans receivable rising by $163.5 million, indicating positive progress in business expansion and profitability.











