When did CoastalSouth's share repurchase program begin?

The program launched on May 1, 2026. CoastalSouth repurchased 48,491 shares during the second quarter of 2026 at a weighted-average price of $25.48 per share.

What was the total cost of the Q2 2026 repurchases?

The company repurchased 48,491 shares at $25.48 per share, resulting in an approximate aggregate cost of $1.24 million during the quarter.

How many shares does CoastalSouth have outstanding after the buyback?

As of June 30, 2026, CoastalSouth had 12,003,040 common shares outstanding, down from 12,051,531 at the beginning of the quarter (reflecting 48,491 shares repurchased).

Does this filing disclose the total authorization amount for the buyback program?

No. The 8-K earnings release does not disclose the total dollar authorization, share authorization, or remaining authorization under the May 1, 2026 program. Investors should refer to the company's proxy statement or formal 10b5-1 plan filing for complete program details.

Is CoastalSouth combining the buyback with other capital returns?

Yes. On the same date (July 20, 2026), the Board declared a quarterly dividend of $0.05 per share, demonstrating a balanced approach to capital allocation between buybacks and dividends.

What execution mechanism was used for the buyback?

The filing does not specify whether the repurchases were executed under Rule 10b-18 open-market purchases, an ASR, a 10b5-1 plan, or another mechanism. Additional SEC filings should clarify the execution methodology.

COSO 8-K Filed 2026-07-20 Execution disclosure

CoastalSouth Bancshares repurchased 48,491 shares at $25.48 average in Q2

Community bank executed buyback launched May 1, 2026; no new authorization disclosed in earnings release.

Shares repurchased48K

Avg price paid$25.48

MechanismNot specified

What the filing says

CoastalSouth Bancshares, Inc. (NYSE: COSO) reported execution of share repurchases during the second quarter of 2026, repurchasing 48,491 shares at a weighted-average price of $25.48 per share. The company noted in its Q2 2026 earnings report that the share repurchase program launched May 1, 2026.

The execution occurred during a period of strong operational performance for the Atlanta-based bank holding company, which reported net income of $7.3 million ($0.59 per diluted share) for Q2 2026, compared to $6.3 million ($0.51 per share) in Q1 2026. The company also declared a quarterly dividend of $0.05 per share on July 20, 2026.

The filing does not disclose the total authorization amount or remaining authorization under the May 1, 2026 program, nor does it specify the execution mechanism (Rule 10b-18, ASR, or other method). The company continues to execute organic growth and banker recruitment across its franchise.

Share repurchase program launched May 1, 2026; 48,491 shares repurchased during the second quarter of 2026 with weighted-average price per share of $25.48. — CoastalSouth Bancshares, Inc. 8-K filing · View on SEC EDGAR →

What this means

CoastalSouth's execution of 48,491 shares at $25.48 represents modest share count reduction during a quarter of improving earnings growth (Q2 net income up 16% sequentially to $7.3 million). At an aggregate cost of approximately $1.24 million, the buyback is small relative to the company's $2.42 billion asset base and $269.7 million shareholders' equity. The program does not appear to be a major capital deployment initiative; rather, it suggests measured capital return alongside a concurrent dividend declaration of $0.05 per share. Without disclosure of total authorization or remaining capacity, the buyback's scope and duration remain unclear from this filing.

Frequently asked questions

When did CoastalSouth's share repurchase program begin?: The program launched on May 1, 2026. CoastalSouth repurchased 48,491 shares during the second quarter of 2026 at a weighted-average price of $25.48 per share.
What was the total cost of the Q2 2026 repurchases?: The company repurchased 48,491 shares at $25.48 per share, resulting in an approximate aggregate cost of $1.24 million during the quarter.
How many shares does CoastalSouth have outstanding after the buyback?: As of June 30, 2026, CoastalSouth had 12,003,040 common shares outstanding, down from 12,051,531 at the beginning of the quarter (reflecting 48,491 shares repurchased).
Does this filing disclose the total authorization amount for the buyback program?: No. The 8-K earnings release does not disclose the total dollar authorization, share authorization, or remaining authorization under the May 1, 2026 program. Investors should refer to the company's proxy statement or formal 10b5-1 plan filing for complete program details.
Is CoastalSouth combining the buyback with other capital returns?: Yes. On the same date (July 20, 2026), the Board declared a quarterly dividend of $0.05 per share, demonstrating a balanced approach to capital allocation between buybacks and dividends.
What execution mechanism was used for the buyback?: The filing does not specify whether the repurchases were executed under Rule 10b-18 open-market purchases, an ASR, a 10b5-1 plan, or another mechanism. Additional SEC filings should clarify the execution methodology.

execution community-bank Q2-2026 regional-bank modest-buyback rule-10b-18-implied

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.