Seacoast Banking Corporation of Florida (SBCF) Misses Q3 EPS by 8c

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Go back to Seacoast Banking Corporation of Florida (SBCF) Misses Q3 EPS by 8c

Seacoast Reports Third Quarter 2022 Results

October 27, 2022 4:42 PM EDT

Significant Expansion in Net Interest Margin and Net Interest Income Highlight Q3 Results

Well-Positioned Balance Sheet with Strong Capital and Liquidity

STUART, Fla., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida ("Seacoast" or the "Company") (NASDAQ: SBCF) today reported net income in the third quarter of 2022 of $29.2 million, or $0.47 per diluted share. Third quarter 2022 net income decreased 11% compared to the second quarter of 2022 due to higher provision for credit losses resulting from changes in economic forecast factors, and additional coverage for... More