Seacoast Banking Corporation of Florida (SBCF) Misses Q2 EPS by 12c

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Seacoast Reports Second Quarter 2017 Results

July 27, 2017 4:08 PM EDT

STUART, Fla., July 27, 2017 /PRNewswire/ -- Seacoast Banking Corporation of Florida ("Seacoast" or "the Company") (NASDAQ: SBCF) today reported net income of $7.7 million for the second quarter of 2017, a 44% or $2.3 million increase from the second quarter of 2016. Year to date net income as of June 30, 2017 was $15.6 million, a 68% or $6.3 million increase compared to the prior year period. The Company reported second quarter adjusted net income1 of $12.7 million, representing a 38% or $3.5 million increase from the second quarter of 2016. Year to date adjusted net income1 was $22.9 million, a 42% or $6.7 million increase compared to prior year to date... More