SOURCE: Coastal Banking Company, Inc.

Coastal Banking Company, Inc.

May 19, 2014 09:15 ET

Coastal Banking Company Reports First Quarter 2014 Earnings

BEAUFORT, SC--(Marketwired - May 19, 2014) - Coastal Banking Company Inc. (OTCQB: CBCO), the holding company of CBC National Bank, which operates branches in Beaufort and Port Royal, S.C., and Fernandina Beach, Fla., today reported net income of $201,000, or earnings per diluted common share of $0.01, for the quarter ended March 31, 2014. This represents a $1.7 million improvement from the net loss of $1.5 million, or a loss of $0.63 per diluted common share, in the final quarter of 2013.

For the full text of the earnings release and complete unaudited quarterly financial results, please visit the company's website at http://www.coastalbanking.com/pdf/CBCO_1Q14_Earnings_Release.pdf

Contact Information

  • For More Information:
    Michael G. Sanchez
    Chief Executive Officer
    Coastal Banking Company Inc.
    904-321-0400

    Paul R. Garrigues
    Chief Financial Officer
    Coastal Banking Company Inc.
    904-491-9833