Seacoast Q4 adj EPS $0.56, NIM +69bps to 4.36%, Apollo/Drummond deals closed

SEACOAST BANKING CORP OF FLORIDA

2022-FY EPS reported $1.66

GAAP net income $23.9M ($0.34 EPS) down 18% QoQ; adjusted net income $39.9M ($0.56 EPS) up 22% QoQ.
Net interest margin expanded 69 bps to 4.36%; adjusted PTPP earnings $66.6M, up 36% QoQ.
Completed acquisitions of Apollo Bancshares and Drummond Banking; expanded Florida footprint to six new markets.
Adjusted ROAT 1.36% (vs 1.27% QoQ); adjusted efficiency ratio improved to 51.52% from 53.28%.
Full year 2022 adj net income $136.1M ($2.12 EPS) up 1% YoY; GAAP net income $106.5M ($1.66 EPS) down 14%.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

SEACOAST BANKING CORP OF FLORIDA reported financial results for the quarter and year ended December 31, 2022.

Period: the quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On January 26, 2023 , Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) announced its financial results for the quarter and year ended December 31, 2022.

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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 0000730708-23-000003

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