Seacoast Banking: Fourth Quarter Earnings Overview

Seacoast Banking Corp. of Florida Announces Q4 Financial Results

Seacoast Banking Corp. of Florida, headquartered in Stuart, reported a net profit of $34.3 million for the fourth quarter.

The company disclosed earnings of $0.31 per share, with adjusted earnings—excluding one-time expenses—coming in at $0.44 per share.

These figures fell short of analysts’ expectations, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of $0.51 per share.

During the quarter, the parent company of Seacoast National Bank recorded total revenue of $284.7 million. After accounting for interest expenses, net revenue reached $203.3 million, which exceeded analysts’ projections.