Coastal Carolina National Bank: Coastal Carolina Bancshares, Inc. Announces Record Quarterly Earnings
MYRTLE BEACH, SC / ACCESSWIRE / April 23, 2021 / Coastal Carolina Bancshares, Inc. (the "Company") (OTCQX:CCNB), parent of Coastal Carolina National Bank (the "Bank"), reported unaudited financial results for the first quarter of 2021. The Company reported net income of $1,387,569 or $.23 cents per share for the three months ended March 31, 2021, compared to $1,264,931 or $.21 cents per share for the prior quarter ended December 31, 2020 and $762,734 for the first quarter of last year ended March 31, 2020. This represents an increase of 10% on a linked quarter basis and 82% year over year.
2021 First Quarter Financial Highlights
First quarter net income of $1,387,569, an increase of 82% year over year, and 10% on a linked quarter basis