Seacoast Banking Corporation of Florida (SBCF) Misses Q2 EPS by 5c

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Go back to Seacoast Banking Corporation of Florida (SBCF) Misses Q2 EPS by 5c

Seacoast Reports Second Quarter 2018 Results

July 26, 2018 4:01 PM EDT

Net Income Increases 121% Year-Over-Year to $17.0 Million

Record Consumer and Small Business Loan Originations, Record Commercial Pipeline Entering the Third Quarter

STUART, Fla., July 26, 2018 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (Seacoast or the Company) (NASDAQ: SBCF) reported net income of $17.0 million, or $0.35 per share for the second quarter of 2018, a 121% or $9.3 million increase year-over-year. Seacoast reported adjusted net income1 of $18.3 million, or $0.38 per share, representing a 44% or $5.6 million increase year-over-year.

For the second quarter 2018, return on average tangible assets was 1.24%, return on... More