|By Marketwired .||
|May 19, 2014 09:16 AM EDT||
BEAUFORT, SC -- (Marketwired) -- 05/19/14 -- 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
For More Information:
Michael G. Sanchez
Chief Executive Officer
Coastal Banking Company Inc.
Paul R. Garrigues
Chief Financial Officer
Coastal Banking Company Inc.
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