Seacoast Reports Record Second Quarter 2019 Earnings Results
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Seacoast Banking Corporation of Florida (SBCF) Tops Q2 EPS by 3c
July 25, 2019 5:06 PM EDTSeacoast Banking Corporation of Florida (NASDAQ: SBCF) reported Q2 EPS of $0.50, $0.03 better than the analyst estimate of $0.47.
Net Income Increased 37% Year-Over-Year to $23.3 MillionImproved Operating Leverage and Strong Noninterest Income Highlight Quarterly ResultsIncome Statement
Net income was $23.3 million, or $0.45 per diluted share, compared to $22.7 million, or $0.44, for the prior quarter and $17.0 million, or $0.35, for the second quarter of 2018. For the six months ended June 30, 2019, net income was $46.0 million, or $0.88 per diluted share, compared to $35.0 million, or $0.73, for the six months ended June 30, 2018. Adjusted net income1 was $25.8 million, or $0.50 per diluted share,... More