Seacoast Q3 2022 net income $29.2M ($0.47 EPS); NIM expands 29 bps to 3.67%

SEACOAST BANKING CORP OF FLORIDA

2022-Q3 EPS reported $1.33

Net income $29.2M ($0.47 diluted EPS), down 11% QoQ on higher provision and Hurricane Ian impact; up 27% YoY.
Adjusted net income $32.8M ($0.53); adjusted pre-tax pre-provision earnings $49.0M, up 6% QoQ and 12% YoY.
Net interest margin expanded 29 bps to 3.67%; cost of deposits remains low at 9 bps.
Tangible common equity ratio 9.79%; tangible book value $15.98; loan-to-deposit ratio 76%.
Completed Apollo and Drummond acquisitions; all branches opened quickly after Hurricane Ian.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SEACOAST BANKING CORP OF FLORIDA reported the quarter ended September 30, 2022 results: net income $29.2 million, EPS $0.47 per diluted share.

Period: the quarter ended September 30, 2022
Net income: $29.2 million
EPS: $0.47 per diluted share
Result: reported results

Exact text from the filing

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.

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13 earnings releases filed in the last 30 days. Browse all earnings releases →

SEACOAST BANKING CORP OF FLORIDA filing history →

Source: SEC EDGAR

accession 0000730708-22-000063

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