Seacoast Banking Corporation of Florida (SBCF) Reports In-Line Q4 EPS
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Seacoast Achieves Ambitious 2016 Earnings Goal And Establishes Guidance for 2017
February 1, 2017 4:02 PM ESTSTUART, Fla., Feb. 1, 2017 /PRNewswire/ --Â Seacoast Banking Corporation of Florida ("Seacoast" or "the Company") (NASDAQ: SBCF) today reported results for the fourth quarter and full year 2016.Â
Full-year 2016 net income improved $7.1 million to $29.2 million, up 32%; and fully diluted earnings per share increased 18% to $0.78 compared with $0.66 per diluted common share in 2015. Adjusted net income1 increased to $37.5 million in 2016 from $25.3 million in 2015, up 48%; and adjusted diluted earnings per share1 rose 33% to $1.00 for the year, meeting Seacoast's 2016 earnings target.Â
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