Seacoast provides Q4 2022 investor presentation; NIM expands to 4.36%, acquisitions closed

SEACOAST BANKING CORP OF FLORIDA

Net interest margin expanded 69 bps to 4.36% in Q4 2022; cost of deposits remained low at 21 bps.
Adjusted pre-tax pre-provision earnings increased 36% to $66.6 million; organic loan growth of 14% annualized.
Completed acquisitions of Apollo Bancshares and Drummond Banking on Oct 7, 2022; Professional Holding Corp. acquired Jan 31, 2023.
Wealth management AUM grew 12% YoY to $1.4 billion; assets under management CAGR of 21% since Dec 2020.
Florida economic strength continues; company focuses on organic growth and opportunistic M&A.

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