Seacoast Q1 adj. EPS $0.36; net interest income up 10% QoQ; closes Professional acquisition

SEACOAST BANKING CORP OF FLORIDA

2023-Q1 EPS reported $0.15

Net income $11.8M ($0.15 diluted); adjusted net income $29.2M ($0.36 diluted).
Pre-tax pre-provision earnings $46.3M; adjusted $71.1M, up 7% QoQ and 70% YoY.
Net interest income $131.4M, up 10% QoQ; NIM 4.31%.
Closed Professional Holding Corp. acquisition Jan 31; day-1 CECL provision $26.6M.
CET1 ratio 12.80%; tangible common equity/tangible assets 8.4%; loan-to-deposit 82%.

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 March 31, 2023 results: net income $11.8 million, EPS $0.15 per diluted share.

Period: the quarter ended March 31, 2023
Net income: $11.8 million
EPS: $0.15 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 first quarter of 2023 of $11.8 million, or $0.15 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 0000730708-23-000023

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